{
  "id": 15733442,
  "title": "RedPlanet's adjusted FY26 profit jumps 35pct ahead of listing",
  "url": "https://urgent.news/2026/10/20/redplanets-adjusted-fy26-profit-jumps-35pct-ahead-of-listing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T10:57:59.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1559929/redplanets-adjusted-fy26-profit-jumps-35pct-ahead-listing"
  },
  "original_language": "en",
  "account": "RedPlanet Bhd reported a significant jump in its adjusted net profit, increasing by 35.1% to RM7.31 million for the fiscal year ending June 30, 2026. This marked an improvement ahead of its transfer from Bursa Malaysia's LEAP Market to the ACE Market on October 22. The ICT solutions provider generated revenue of RM40.72 million, a 22.3% rise from RM33.3 million the previous year. Excluding expenses related to its initial public offering (IPO) and listing, the company's adjusted net profit was RM7.31 million, up from RM5.22 million. Geospatial solutions were the top revenue contributor, accounting for 45.1% of total sales at RM18.4 million. Intelligent rail solutions brought in RM11.6 million, making up 28.4% of overall revenue. Malaysia accounted for 87% of the company's revenue, with the rest coming from overseas markets. For the fourth quarter, RedPlanet reported RM7.55 million in revenue and RM1.36 million in net profit, with the quarterly net profit reaching RM1.57 million after excluding listing-related expenses. The financial position remained robust, with cash reserves of RM13.8 million against borrowings of RM5.2 million as of June 30. Operating cash flow had more than doubled to RM9.5 million from RM4.7 million a year earlier. The company plans to capitalize on the growth in Malaysia's geospatial and intelligent rail solutions sectors.",
  "summary": "KUALA LUMPUR: RedPlanet Bhd’s adjusted net profit rose 35.1 per cent to RM7.31 million for the financial year ended June 30, 2026 (FY26), ahead of its transfer from Bursa Malaysia’s LEAP Market to the ACE Market on Oct 22.",
  "key_points": [],
  "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."
}