4 days ago
CTOS posts 2Q net profit of RM21.16mil
PETALING JAYA: CTOS Digital Bhd remains cautiously optimistic about its growth prospects for 2025, underpinned by product innovation, targeted marketing and ongoing efforts to improve operational efficiency across its business segments.
The group said its key accounts division is expected to benefit from higher adoption of digital and analytical solutions, while its commercial segment will continue to focus on customer acquisition and retention.
Meanwhile, the direct-to-consumer segment aims to deepen engagement with Malaysia's 16 million credit-active consumers through partnerships, financial literacy initiatives and targeted campaigns.
'The international business segment is also expected to continue contributing positively to the group's financial performance,' CTOS said, adding that it remains committed to delivering sustainable growth in the periods ahead.
For the second quarter ended June 30, 2025 (2Q25), CTOS reported a net profit of RM21.16mil, down from RM25.5mil a year earlier. This translated to a lower basic earnings per share (EPS) of 0.9 sen compared with 1.1 sen in the same quarter last year.
Quarterly revenue rose to RM79mil from RM76.6mil in 2Q24, supported by stronger contributions from the group's Malaysian business. The growth was largely driven by increased demand for digital reports and digital solutions across both local and international markets.
For the first half of the financial year ending Dec 31, 2025 (1HFY25), the group posted a net profit of RM35.6mil or EPS of 1.5 sen, compared with earnings of RM46.32mil or 2 sen EPS it recorded for 1HFY24.
Revenue for the six-month period climbed 4.6% on-year to RM155.07mil. CTOS said segment profit from its Malaysian operations fell to RM36.8mil, primarily due to increased operational expenses.
Its international operations, comprising alternative data credit scoring businesses in Indonesia and the Philippines, recorded improved performance, with revenue and profit rising to RM20.2mil and RM1.5mil respectively in 1HFY25, supported by continued growth in client consumption.
CTOS declared a second interim dividend of 0.65 sen per share for the financial year ending Dec 31, 2025, payable on Oct 24.
