ITMAX Q1 net profit up 24.2pct to RM25mil on strong digital infrastructure growth

KUALA LUMPUR: ITMAX System Bhd’s net profit rose 24.2 per cent to RM25.01 million in the first quarter (Q1) ended March 31, 2026, from RM20.15 million a year ago.

For the quarter under review, the company posted a revenue of RM65.9 million, representing an increase of 29.8 per cent from a year back.

The digital infrastructure solutions segment remained the company’s major revenue contributor, accounting for 83 per cent of the overall revenue.

The segment recorded a 47.1 per cent increase in revenue to RM54.7 million.

ITMAX System managing director and chief executive officer William Tan Wei Lun said the strong growth was driven by the continued expansion of its digital infrastructure solutions segment and recurring income base.

Tan noted that its investments and deployments in smart city infrastructure have begun to contribute positively to the company’s performance.

“During the quarter, we continued to strengthen our presence in Johor by securing additional contracts, further reinforcing our position in the state’s smart city ecosystem.

“We remain optimistic that the growth momentum will continue, as smart city infrastructure increasingly plays a critical role in enhancing urban management,” he added.

© New Straits Times Press (M) Bhd

المصدر: New Straits Times