AwanBiru Technology Berhad Delivers RM1.5 Million Net Profit in Q1 2026: Key Highlights for Investors
Summary of Financial Performance
- Revenue: RM65.9 million for the quarter ended 31 March 2026.
- Net Profit: RM1.5 million attributable to the Group, with RM1.48 million attributable to shareholders.
- Gross Profit: RM6.8 million, with a gross profit margin of approximately 10.3%.
- Earnings Per Share: 0.19 sen for the quarter.
- No dividend declared for the quarter.
- Total Assets: RM259.4 million. Net Assets: RM149.7 million.
- Cash & Cash Equivalents: RM157.6 million at end-March 2026.
Operational and Segmental Review
- Software & Services: Main revenue contributor (RM65.16 million). Segment profit before tax: RM4.58 million.
- Talent Segment: Revenue of RM0.73 million, recorded a segment loss before tax of RM0.21 million.
- Concession Segment: No revenue recorded, minor loss before tax of RM0.01 million.
- Other Businesses: Revenue of RM1.51 million, segment loss before tax of RM1.76 million.
- Group Profit Before Tax: RM2.6 million.
Balance Sheet & Cash Flow Insights
- Strong liquidity with RM157.6 million in cash and short-term investments.
- Borrowings: Total outstanding term loans of RM2.56 million (short and long term combined), fully secured.
- Trade and Other Receivables: Jumped to RM22.44 million from RM10.53 million as at end-2025, indicating increased business activity or delayed collections.
- Contract Assets: Rose significantly to RM60.45 million from RM24.78 million at end-2025, possibly reflecting billing cycles or new project wins.
- Operating Cash Flow: Negative RM4.28 million, primarily due to changes in working capital (notably increased receivables and contract assets), partially offset by increased payables.
- Investing Cash Flow: RM1.6 million inflow, mainly from interest received and withdrawal of pledged deposits.
- Financing Cash Flow: Outflow of RM0.27 million, reflecting term loan repayments.
- Net Asset Per Share: 21.51 sen.
Corporate Developments & Events
- Change of Financial Year: The financial year end was changed from 30 June 2025 to 31 December 2025. As a result, there is no comparative data for the previous year’s quarter and period.
- Termination of Creditor’s Voluntary Liquidation: On 15 April 2026, the High Court granted an order to terminate the winding up of Prestariang Tech Services Sdn. Bhd. (PTSSB), a wholly owned subsidiary. Control of PTSSB will revert to Awantec Services Sdn Bhd. This closes a significant chapter in the Group’s post-SKIN project restructuring and could be seen as positive in terms of group stability and future prospects.
- Performance Guarantee: Outstanding performance guarantee of RM2.13 million extended by a subsidiary, which is a contingent liability but not expected to impact near-term cash flows barring a claim.
- Capital Commitments: RM0.40 million approved but not yet contracted for property and equipment.
Business Outlook and Prospects
- The Group remains focused on scaling up its AI, Cybersecurity, and Cloud Managed Services offerings, leveraging ongoing digital adoption across public and private sectors.
- Active engagement with government and private sector clients through its Generative AI and Agentic AI Immersion programmes, which could underpin future growth.
- Management sees the Group as well-positioned to deliver sustainable, long-term value, supported by a strong balance sheet and technical capabilities.
Other Noteworthy Points
- No dividends were declared or paid in the current quarter.
- No significant related party transactions or material litigation ongoing.
- There were no share buybacks, issuances, or cancellations during the quarter.
- No revaluation of property and equipment in the current quarter.
- No new profit forecast or estimate was provided for the market.
Potential Share Price Movers / Price-Sensitive Information
- Closure of the PTSSB winding up and the return of control to the Group is a significant development, potentially reducing legacy risks and improving investor sentiment regarding group structure and liability management.
- Strong cash reserves and net assets per share provide downside protection and flexibility for future investments.
- Revenue and profit in core segments, especially Software & Services, demonstrate continuing operational strength.
- Negative operating cash flow may be a point for investor scrutiny, especially if it persists beyond normal working capital cycles.
- High contract assets and receivables could indicate project wins but also potentially delayed cash collections.
Disclaimer
This article is prepared for informational purposes only and does not constitute investment advice. Investors should consult their professional advisors before making investment decisions. The information presented is based on the unaudited interim financial statements of AwanBiru Technology Berhad for the period ended 31 March 2026 and is subject to change or clarification upon release of audited results and further corporate disclosures.
Versi Bahasa Malaysia
AwanBiru Technology Berhad Catat Keuntungan Bersih RM1.5 Juta bagi Suku Pertama 2026: Sorotan untuk Pelabur
Ringkasan Prestasi Kewangan
- Hasil: RM65.9 juta untuk suku berakhir 31 Mac 2026.
- Keuntungan Bersih: RM1.5 juta bagi Kumpulan, dengan RM1.48 juta kepada pemegang saham.
- Keuntungan Kasar: RM6.8 juta, margin keuntungan kasar sekitar 10.3%.
- Keuntungan Sesaham: 0.19 sen untuk suku ini.
- Tiada dividen diisytiharkan untuk suku ini.
- Jumlah Aset: RM259.4 juta. Aset Bersih: RM149.7 juta.
- Tunai & Setara Tunai: RM157.6 juta pada akhir Mac 2026.
Ulasan Segmen Operasi
- Perisian & Perkhidmatan: Penyumbang hasil utama (RM65.16 juta). Keuntungan sebelum cukai: RM4.58 juta.
- Segmen Bakat: Hasil RM0.73 juta, rugi sebelum cukai RM0.21 juta.
- Segmen Konsesi: Tiada hasil, rugi kecil sebelum cukai RM0.01 juta.
- Perniagaan Lain: Hasil RM1.51 juta, rugi sebelum cukai RM1.76 juta.
- Keuntungan Sebelum Cukai Kumpulan: RM2.6 juta.
Tinjauan Kedudukan Kewangan & Aliran Tunai
- Likuiditi kukuh dengan RM157.6 juta dalam tunai dan pelaburan jangka pendek.
- Pinjaman: Jumlah baki pinjaman berjangka RM2.56 juta (jangka pendek dan panjang), semuanya bercagar.
- Penghutang Perdagangan & Lain-lain: Meningkat kepada RM22.44 juta daripada RM10.53 juta pada akhir 2025.
- Aset Kontrak: Meningkat ketara kepada RM60.45 juta daripada RM24.78 juta pada akhir 2025.
- Aliran Tunai Operasi: Negatif RM4.28 juta, disebabkan oleh perubahan modal kerja (kenaikan penghutang dan aset kontrak), sebahagiannya diimbangi oleh kenaikan pemiutang.
- Aliran Tunai Pelaburan: Kemasukan RM1.6 juta, terutamanya dari faedah diterima dan pengeluaran deposit cagaran.
- Aliran Tunai Pembiayaan: Keluar RM0.27 juta, mencerminkan pembayaran balik pinjaman berjangka.
- Aset Bersih Sesaham: 21.51 sen.
Perkembangan Korporat & Peristiwa Penting
- Perubahan Tahun Kewangan: Tahun kewangan berakhir diubah dari 30 Jun 2025 ke 31 Disember 2025. Tiada data perbandingan untuk suku/tahun sebelumnya.
- Penamatan Penggulungan Sukarela PTSSB: Pada 15 April 2026, Mahkamah Tinggi membenarkan penamatan penggulungan Prestariang Tech Services Sdn. Bhd. (PTSSB). Kawalan PTSSB kembali kepada Awantec Services Sdn Bhd. Ini menandakan penutupan bab penting dalam penstrukturan semula kumpulan pasca projek SKIN.
- Jaminan Prestasi: Jaminan prestasi berjumlah RM2.13 juta oleh anak syarikat, namun tidak dijangka menjejaskan aliran tunai dalam masa terdekat kecuali berlaku tuntutan.
- Komitmen Modal: RM0.40 juta telah diluluskan tetapi belum dikontrakkan untuk harta dan peralatan.
Prospek Perniagaan
- Kumpulan fokus kepada pengembangan AI, Keselamatan Siber, dan Perkhidmatan Pengurusan Awan, sejajar dengan penerimaan digital yang berterusan dalam sektor awam dan swasta.
- Penglibatan aktif dengan agensi kerajaan dan syarikat swasta melalui program Generative AI dan Agentic AI Immersion, yang boleh menyokong pertumbuhan masa depan.
- Pengurusan yakin kumpulan berada dalam kedudukan baik untuk menjana nilai mampan jangka panjang, disokong oleh lembaran imbangan kukuh dan kepakaran teknikal.
Perkara Penting Lain
- Tiada dividen diisytiharkan atau dibayar untuk suku ini.
- Tiada urus niaga pihak berkaitan penting atau litigasi material yang sedang berjalan.
- Tiada pembelian balik, terbitan atau pembatalan saham untuk suku ini.
- Tiada penilaian semula ke atas harta dan peralatan dalam suku ini.
- Tiada unjuran keuntungan yang diumumkan kepada pasaran.
Maklumat Berpotensi Mempengaruhi Harga Saham
- Penamatan penggulungan PTSSB dan pemulangan kawalan kepada Kumpulan adalah perkembangan penting yang boleh mengurangkan risiko legasi dan meningkatkan sentimen pelabur.
- Rizab tunai yang kukuh dan aset bersih sesaham memberi perlindungan ke bawah dan fleksibiliti untuk pelaburan masa depan.
- Prestasi segmen teras, terutama Perisian & Perkhidmatan, menunjukkan kekuatan operasi berterusan.
- Aliran tunai operasi negatif perlu diperhatikan oleh pelabur, terutama jika berterusan di luar kitaran modal kerja biasa.
- Aset kontrak dan penghutang yang tinggi mungkin menunjukkan kemenangan projek baharu tetapi juga potensi kelewatan kutipan tunai.
Penafian
Artikel ini disediakan untuk maklumat sahaja dan bukan nasihat pelaburan. Pelabur disarankan mendapatkan nasihat profesional sebelum membuat keputusan pelaburan. Maklumat yang diberikan berdasarkan penyata kewangan interim tidak diaudit AwanBiru Technology Berhad untuk tempoh berakhir 31 Mac 2026 dan tertakluk kepada perubahan atau penjelasan lanjut selepas keluaran keputusan diaudit dan pengumuman korporat akan datang.
