KUALA LUMPUR, 3 December 2025 — Croesus IT Holdings Berhad (“Croesus IT” or “the Company”) [CROESUS/03066], a long-established enterprise software solutions provider and Malaysia’s pioneering SAP Business One channel partner, made its successful debut on the LEAP Market of Bursa Malaysia Securities Berhad today. The milestone marks a significant new chapter for the Group as it positions itself for accelerated expansion across Malaysia’s fast-growing digital-transformation landscape.
Listed by way of introduction, Croesus IT’s entire issued share capital of 100 million ordinary shares was admitted at a listing reference price of RM0.12 per share, giving the Company an initial market capitalisation of RM12 million.
This listing also makes Croesus IT the first SAP Business One partner to be listed on Bursa Malaysia, underscoring the growing strategic importance of enterprise software, automation, and digital-enablement firms in the region.
Enterprise Software Specialist With Deep Industry Reach
Founded through its subsidiary Croesus IT Solutions Sdn Bhd in 2004, the Group has grown from a pioneering SAP Business One sales and support partner into a full-fledged enterprise technology specialist. Today, Croesus IT offers:
- Third-party solutions: SAP Business One, SAP Cloud ERP
- Proprietary solutions: Croesus myAgri, Croesus myHR, Croesus myE-Invoice, and Croesus BIX (Business Intelligence)
Its integrated software offerings support organisations across a broad range of industries, including:
manufacturing, aviation, FMCG, fertiliser, pharmaceuticals, life sciences, IT services, publications, printing, and plantation & milling.
Croesus IT’s platforms aim to accelerate digital transformation by improving operational efficiency, enabling data-driven decision-making, enhancing user experience and supporting scalable, resource-efficient growth.
“This Is Only the Beginning”: CEO
At the listing ceremony, Managing Director and CEO Richard Liau said the Company’s debut marks the start of a transformative new phase:
“Croesus IT’s listing today marks not the end of our IPO journey, but the beginning of a new phase of our growth towards a higher level. Our team will continue striving for a future transfer to the ACE or Main Market and deliver long-term shareholder value.”
He added that the listing reinforces Croesus IT’s commitment to innovation and regional digital-solutions leadership:
“We aim to leverage emerging technologies, expand our service offerings, and deliver intelligent, impactful enterprise solutions. This listing signals a new era for Croesus IT as we position ourselves as a leading force in the digital solutions space.”
Strategic Focus: AI-Driven Solutions, Subscription Revenue & Sector Expansion
Croesus IT outlined a multi-pronged growth strategy anchored in:
1. Large-scale enterprise project wins
Leveraging both SAP and proprietary platforms, the Company is targeting high-value corporate clients to deepen its role in major ERP and digital-transformation initiatives.
2. Subscription-based services
To enhance recurring revenue, Croesus IT plans to scale subscription (SaaS) offerings that provide customers with greater flexibility and continuous upgrades.
3. AI-embedded enterprise software
The Company is integrating AI-driven automation, predictive insights and smart workflows across its product suite to align with global digitalisation trends and meet rising enterprise-technology expectations.
4. Growth in niche sectors
Particularly in plantation and agriculture, Croesus IT will expand adoption of its Croesus myAgri platform, enabling clients to achieve better compliance, improved productivity and real-time operational visibility.
5. Integrated SAP + Croesus delivery model
Through modular, end-to-end digital-transformation projects, the Group aims to deliver higher-impact outcomes by combining Croesus solutions with SAP’s established ecosystem.
Governance & Advisory
DWA Advisory Sdn Bhd serves as both Approved Adviser and Continuing Adviser for Croesus IT’s listing on the LEAP Market, ensuring full compliance and corporate-governance support as the Company moves into its next growth phase.
