NEXG secures contract extensions from Home Ministry worth over RM45m
The company announced today that DTSB received and accepted letters of extension (LOE), all dated July 2, from KDN on July 7, 2025.
The first extension involves comprehensive maintenance services for card personalisation centres at the National Registration Department (JPN) for a period of 14 months, from December 1, 2025 to January 31, 2027.
The additional fifth ceiling contract value is RM15.86 million, inclusive of 8% sales and service tax (SST).
The second contract covers the supply of MyKad, MyTentera and MyPOCA raw cards and consumables to JPN.
It has been extended for six months from December 1, 2025 to May 31, 2026.
The additional third ceiling contract value amounts to RM29.68 million, bringing the total cumulative value of the contract to RM146.03 million.
The third contract relates to the supply of Malaysian passport documents and polycarbonate biodata pages to the Immigration Department (Jabatan Imigresen Malaysia).
Both scopes have been extended for a further six months from December 1, 2025 to May 31, 2026, with no changes to the contract ceilings or quantities.
As part of the terms, DTSB is required to maintain performance bonds with extended validity periods until May 31, 2027.
This includes RM2.23 million for the passport documents contract and RM3.53 million for the polycarbonate biodata pages.
NEXG said the contracts are expected to contribute positively to the group's earnings and net assets per share for the financial year ending March 31, 2026 and the duration of the respective contracts.
NEXG has been a longstanding technology partner to the Malaysian government in delivering secure personal identification solutions, including biometric passports and national identity cards. –TMR
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