{
  "id": 15083922,
  "title": "ISF venturing into NRW for next growth wave [WATCH]",
  "url": "https://urgent.news/2026/10/17/isf-venturing-into-nrw-for-next-growth-wave-watch",
  "topic": "world",
  "section": "World",
  "published": "2026-10-17T00:34:21.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1557237/isf-venturing-nrw-next-growth-wave-watch"
  },
  "original_language": "en",
  "account": "ISF Group Bhd, a Malaysia-based company, is expanding its reach beyond data centers and venturing into the water sector to diversify its revenue streams. The company aims to tackle non-revenue water (NRW) issues by partnering with state water authorities and introducing smart meters and AI-driven monitoring software. The collaboration with a Hong Kong-listed subsidiary of a Chinese water firm will ensure the successful implementation of NRW management systems, with ISF acting as the local executor and coordinator. The company is currently negotiating with a northern peninsular state government to implement the NRW management system, aiming for long-term recurring revenue models. ISF's data center projects have driven its growth, with net profits surging 163% in the financial year ended December 2025, while diversifying across multiple asset classes is crucial to protect the business against cyclical shifts.",
  "summary": "KUALA LUMPUR: Less than a year after its debut on Bursa Malaysia, ISF Group Bhd is looking to further diversify its revenue base with recurring income sources from partnerships with states water authority to reduce non-revenue water (NRW).",
  "key_points": [
    "ISF Group expanding into water sector to diversify revenue",
    "Partnering with state water authorities for NRW management",
    "Negotiating with northern peninsular state government for long-term contracts"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}