Autocount Dotcom Berhad (ADB) Q4 2024 earnings summary

Executive summary

• Revenue for Q4 2024 rose 19.26% year-over-year to RM14.92 million, driven mainly by financial management software sales.

• Profit before tax (PBT) for Q4 2024 increased 23.73% year-over-year to RM6.31 million, with a PBT margin of 42.27%.

• For the full year, revenue grew 45.69% to RM60.45 million and PBT rose 46.38% to RM25.28 million.

• Malaysia contributed 86.95% of annual revenue, with Singapore as the main overseas market.

Financial highlights

• Gross profit for Q4 2024 was RM11.48 million, up from RM8.27 million in Q4 2023.

• Net profit for Q4 2024 was RM5.23 million, up from RM3.61 million year-over-year.

• Full-year net profit reached RM19.58 million, up from RM12.98 million in 2023.

• Basic and diluted EPS for Q4 2024 was 0.95 sen; full-year EPS was 3.56 sen.

• Cash and cash equivalents at year-end stood at RM13.94 million.

Outlook and guidance

• The financial management software industry is expected to sustain growth, supported by digitalisation and government initiatives in Malaysia and the region.

• Regional expansion and innovation are strategic priorities, with IPO proceeds allocated for these initiatives.

• The Malaysian government's RM50 million digitalisation grant and e-invoicing initiative are anticipated to boost demand.