E-Invoicing Boom Lifts AutoCount To Record RM13.7 Million Profit In Q1
The adoption of Malaysia's e-invoicing initiative has fuelled a record-breaking quarter for AutoCount Dotcom Berhad, which posted its highest-ever core profit after tax of RM13.65 million for the first quarter ended March 31, 2025, (Q1 FY2025), a 235.4% jump from RM4.07 million in the same period last year.
The company also recorded its highest-ever quarterly revenue of RM25.55 million, up 86.9% year-on-year, largely driven by surging demand for its e-invoicing module in line with the government's digitalisation mandate.
Operating cash flow stood at RM17.32 million, while net profit margin expanded to 53.4%, supported by fixed operating costs that did not rise in tandem with revenue.
Managing Director YT Choo said, 'Our record performance in Q1 FY2025 highlights our strategic success in capitalising on the growing e-invoicing market.'
The outlook remains upbeat as Phase 3 of Malaysia's e-invoicing rollout—targeting businesses with annual revenues between RM500,000 and RM25 million—takes effect on 1 July 2025, followed by Phase 4 on Jan 1, 2026, which includes smaller businesses earning between RM150,000 and RM500,000 annually.
AutoCount's latest product, OneSales PalmPOS, a mobile point-of-sale solution tailored for micro-SMEs, is expected to further support uptake among small businesses transitioning to digital finance systems. Related
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New Straits Times
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The Sun
an hour ago
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The Sun
an hour ago
- The Sun
E-Invoice system postponed after considering business owners' concerns
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