Autocount Dotcom Berhad (ADB) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 rose 88.27% year-over-year to RM18.35 million, driven by strong growth in financial management software sales.

• Profit before tax (PBT) increased 80.88% year-over-year to RM7.62 million, with a PBT margin of 41.51%.

• Malaysia contributed 88.91% of Q3 revenue, with Singapore as the main overseas market.

Financial highlights

• Q3 2024 revenue: RM18.35 million (Q3 2023: RM9.75 million); 9M 2024 revenue: RM45.53 million (9M 2023: RM28.99 million).

• Q3 2024 net profit: RM5.77 million (Q3 2023: RM3.36 million); 9M 2024 net profit: RM14.36 million (9M 2023: RM9.38 million).

• Gross profit for Q3 2024: RM12.24 million; gross margin remains robust.

• Basic and diluted EPS for Q3 2024: 1.05 sen (Q3 2023: 0.61 sen); 9M 2024: 2.61 sen (9M 2023: 1.70 sen).

• Interim dividend of 2 sen per share (RM11.01 million) paid in September 2024.

Outlook and guidance

• Industry growth expected due to digitalisation, government grants, and SME demand for automation.

• Regional expansion and innovation initiatives funded by IPO proceeds to support future growth.

• E-invoicing initiative and digitalisation grants anticipated to drive increased software demand.