TechStore Berhad Posts Strong 2QFY25 Results with Revenue Up 48.3% and PAT Surging 163.8%

Last updated on December 25, 2025

KUALA LUMPUR: TechStore Berhad (“TechStore” or “the Group”) (科技万库有限公司), an enterprise IT services provider, announced a strong performance for the second quarter ended 30 June 2025 (“2QFY25”), delivering double-digit growth in both revenue and earnings.

The Group’s revenue climbed 48.3% quarter-on-quarter (QoQ) to RM20.8 million, up from RM14.0 million in 1QFY25, driven mainly by higher contributions from its design and implementation services segment through the progressive completion of the LRT3 Automatic Fare Collection (AFC) Project.

Profit after tax (“PAT”) jumped 163.8% QoQ to RM2.7 million in 2QFY25, compared to RM1.0 million in the previous quarter. The growth was supported by higher revenue, stronger financial income, and the absence of one-off listing expenses of RM0.9 million incurred in 1QFY25.

1HFY25 Performance

For the first half of FY2025 (“1HFY25”), TechStore delivered RM34.8 million in revenue, with the maintenance and support services segment contributing 72.3%. This was derived from supplying hardware, software, and professional services, preventive maintenance for SCADA systems, IoT modules, expanders, and camera/network video recorder solutions. The design and implementation services segment accounted for the remaining 27.7%.

PAT stood at RM3.8 million for 1HFY25. Excluding non-recurring listing expenses of RM0.9 million, PAT would have been RM4.7 million.

Strong Order Book and Pipeline

As of 30 June 2025, TechStore reported a healthy order book of RM119.0 million.

Managing Director Mr. Tan Hock Lim (Eugene Tan) (陈玞霖) said:

“We are pleased to deliver another set of positive results following our listing and remain committed to executing our ongoing projects, supported by a healthy order book of RM119.0 million as at 30 June 2025. Building on this momentum, we subsequently secured a RM7.7 million job on 28 July 2025 from Jabatan Kastam Diraja Malaysia for the provision of leasing and training services for four units of baggage scanner machines and two units of body scanner machines with accessories at the Woodlands North Customs, Immigration and Quarantine in Singapore, which further expands our role in the Johor Bahru-Singapore RTS Link.”

He added:

“At the same time, we are actively pursuing larger and more complex transportation projects, particularly in Johor and Penang. As at 30 June 2025, our tender book stood at RM1.7 billion, underscoring a robust project pipeline driven by rising demand for integrated and localised IT solutions across both public and private sectors.”

Industry Outlook

Eugene Tan highlighted the positive national policy backdrop:

“Malaysia’s recently unveiled 13th Malaysia Plan (2026–2030) allocates RM430.0 billion in federal development expenditure that includes clear emphasis on upgrading public transport—targeting a 40% modal share by 2030—and accelerating the digitalisation of government services, aiming for 95% of services to be online by 2030. Against this positive backdrop, TechStore is well-positioned to capture these emerging opportunities over the next few years and play a pivotal role as a trusted enterprise IT partner in delivering critical national infrastructure, from public transportation to government digital services.”

TechStore raised RM25.0 million in fresh funds from its ACE Market listing on 18 February 2025. The company is listed under the Technology sector, stock name TECHSTORE, with stock code 0343.