ITMAX posts record Q2 profit, revenue

ITMAX System Bhd delivered a record performance in the second quarter of Fiscal Year 2026, posting both record revenue and earnings. The company's revenue surged 28.3% year-on-year to RM75 million, fueled by its digital infrastructure solutions segment. Meanwhile, net profit climbed 35.2% to RM31.9 million. For the six months ending June 30, 2026, net profit grew 34.1% to RM59.4 million, with revenue increasing 29% to RM140.9 million.

The digital infrastructure solutions segment remained the primary driver of growth, with revenue rising 44.6% and accounting for 79% of group revenue. ITMAX's managing director and CEO, William Tan Wei Lun, attributed the results to the increasing impact of completed deployments as they enter the monetization phase. Tan expressed satisfaction with the company's performance, noting that as more investments and completed deployments enter the monetization phase, they are contributing stronger to the group's financial performance.

The company also announced its expansion into Sabah and Sarawak through the Kota Kinabalu smart city project, marking a significant milestone. Additionally, ITMAX highlighted its Perkeso AI-powered Employment Portal as evidence of its ability to apply its technology beyond smart city infrastructure. These achievements underscore the scalability and versatility of ITMAX's technology capabilities, demonstrating the company's ability to deploy AI and integrated digital solutions across various use cases.