Latest news with #InfominaBhd
New Straits Times
a day ago
- Business
- New Straits Times
Infomina's FY25 earnings fall nearly 36pct, revenue drops nearly 13pct
KUALA LUMPUR: Infomina Bhd posted a weaker earnings in the financial year ended May 31 2025 (FY25). This was primarily due to lower revenue contribution from its design and delivery of technology infrastructure solutions segment, as well as a RM10 million provision for doubtful debts, Infomina said. The company's net profit for the financial year ended May 31, 2025 fell 36 per cent to RM21 million from RM33 million a year ago. Revenue of the technology solutions provider dropped 12.6 per cent to RM196.7 million from RM225 million previously. For the fourth quarter, Infomina reported RM53.4 million revenue and a net loss of RM3.1 million. Its chief executive officer cum managing director Yee Chee Meng said the headline profitability in FY25 was affected by a non-cash provision and foreign exchange losses. Yee said the company recorded improved margins, with revenue just under RM200 million and normalised pre-tax profit of RM40.4 million. Infomina paid its maiden dividend of 1.2 sen per share, reflecting its strong operating cash flow and sound fundamentals. "We are encouraged by the positive progress in Japan, where our local team continues to gain traction with key clients. "We believe Japan has the potential to become Infomina's largest overseas market in the coming years," he said in a statement. Yee added that contracts across Hong Kong, Thailand and Taiwan continue to support its recurring income base and enhance earnings visibility. Beyond core mainframe software business, he said the company is making steady progress in developing artificial intelligence capabilities through Infomina AI Sdn Bhd. The company secured two collaborations recently, which represent important pillars for expansion into fintech, proptech and data services. He said the traction seen in both API and AI-driven solutions reinforces its confidence in the long-term scalability of this segment.
New Straits Times
4 days ago
- Business
- New Straits Times
Infomina, Geolytik to advance digitalisation of property valuation, financing
KUALA LUMPUR: Infomina Bhd has partnered with Geolytik Tech Sdn Bhd to form a joint venture called Infomina Geolytik Sdn Bhd to advance the digitalisation of property valuation and financing in Malaysia. The initiative also seeks to promote greater transparency, efficiency and trust within the industry. Central to the collaboration is the ValuationXchange platform, which is endorsed by PEPS Ventures Bhd. The platform is designed to strengthen compliance with the Malaysian Valuation Standards (MVS) among all stakeholders in the sector. According to Infomina, ValuationXchange provides a secure, tamper-proof platform that enhances transparency and minimises the risk of valuation manipulation during the loan approval process, fostering trust and accountability among all involved parties. "Through ValuationXchange, real estate agencies can pre-validate buyer credentials before submission to banks. This reduces loan application rejections and speeds up approval processes," it added. The company said the initiative aligns with Bank Negara Malaysia's efforts to drive digital transformation in the financial services sector and supports the MyDigital blueprint's vision of establishing Malaysia as a digitally driven, innovation-focused economy. Infomina chief executive officer and managing director Yee Chee Meng said ValuationXchange brings together valuers, real estate agents and banks within a unified digital ecosystem, allowing for quicker, more precise and regulation-compliant results. "The market is calling for greater transparency and efficiency in how property valuations are conducted and applied in financing decisions," he said.
