ICT Zone's Q2 earnings up 11pct on lower expenses

ICT Zone Asia Bhd reported an 11% increase in net profit for Q2 FY27, reaching RM4.25 million, compared to RM3.8 million in the same quarter last year. Revenue also surged 40% to RM71.9 million, up from RM51 million. The company declared a dividend of 0.22 sen per share, payable on Nov 3. The first half of FY27 saw a 22% rise in net profit to RM8.7 million, driven by an 85% jump in revenue to RM172 million.

ICT Zone's unbilled order book grew to RM313.45 million as of end-July, an 11.7% increase from RM280.66 million at the end of April 2026, indicating strong new contract wins. Managing director Tommy Lim Kok Kwang noted the technology financing business continued to expand, leading to a larger contracted base. The company's circular-economy strategy, which involves remarketing and leasing refurbished ICT assets, helps extend asset life and broaden market access to cost-effective tech solutions.

ICT Zone remains cautiously optimistic about its outlook for the rest of the financial year, expecting growth from a shift to operating expenditure and AI-capable enterprise devices, as well as collaborations like the MDEC Business Digitalisation Initiative.