Last updated on August 23, 2025
Cyberjaya, 19 August 2025 – Pure play enterprise Internet of Things (“IoT”) solutions provider, SMRT Holdings Berhad (“SMRT” or the “Group”) today announced its fourth quarter (“4QFY25”) and twelve months (“FY25”) financial results for the period ended 30 June 2025.
In FY25, the Group’s net profit after tax (“PAT”) rose 14.1% year-on-year (“YoY”) to RM28.4 million, after adjusting for a one-off disposal gain of RM1.1 million recorded in FY24. This stronger underlying growth, compared to the reported 7.7% increase from RM26.0 million, was driven by the full-year impact of higher-margin recurring income. Correspondingly, the Group’s PAT margin improved to 39.5% in FY25 from 37.7% in FY24.
Revenue for FY25 increased by 4.1% YoY to RM71.9 million from RM69.1 million in the prior year, supported by a growing recurring revenue base. Notably, the Group’s operations in the Philippines delivered its first full-year contribution, with all of its revenue derived from recurring income.
On a quarterly basis, SMRT’s 4QFY25 revenue stood at RM17.4 million, compared to RM17.9 million in 4QFY24, primarily due to external seasonal factors that affected deployment timelines. Nevertheless, the Group’s PAT grew by 28.5% to RM7.2 million from RM5.6 million in 4QFY24, supported by the continued growth in managed sites, which provide recurring, higher-margin income.
Group Managing Director of SMRT, Mr. Maha Palan said, “We are pleased to conclude the financial year on a firm note, supported by our ongoing initiatives to strengthen our presence in key markets and verticals, despite operating against a more volatile regional economic environment. We continued to expand our site deployment footprint across Malaysia, Indonesia, and the Philippines, with managed sites growing to over 28,100 as at June 2025, from approximately 25,558 a year earlier.”
He added: “Moving forward, we remain committed to further broadening our reach into new geographical markets and industry segments across ASEAN, while actively exploring synergistic mergers and acquisitions to support our growth ambitions.”
