SAGT · SAGTEC GLOBAL Ltd

Sagtec Global Limited delivered strong FY2025 results with record revenue of US$19.1 million, up 49% year-over-year, primarily fueled by a 62% surge in services revenue to US$12.2 million from robust subscription renewals and new Speed+ smart ordering system adopters, which comprised 62% of total revenue. Tangible products revenue grew 26% to US$6.6 million, supported by higher food ordering kiosk distributions amid F&B labor shortages and power bank station expansion via dealers. A new rentals segment contributed US$0.3 million from coffee machine kiosks, aligning with diversification into automation trends. Gross profit rose 45% to US$4.3 million, though cost of sales increased 50% to US$14.8 million due to scaled server costs, higher volumes, and rental operations. Operating income dipped 9% to US$2.1 million from elevated depreciation and expansion expenses, yet EBITDA improved 18.7% to US$3.4 million (17.8% margin) on operating leverage. Net profit edged up to US$1.8 million, but EPS fell to US$0.09 from share dilution post-IPO. CEO Kevin Ng highlighted progress in recurring revenue, scalability, and regional expansion in Indonesia, Hong Kong, and Southeast Asia, with focus on technology investments for sustainable growth. Cash generation strengthened markedly, with operating cash flow at US$4.1 million (+187% YoY) from better collections and working capital management, funding US$7.0 million in capex for equipment and upgrades. Financing inflows of US$5.1 million, mainly IPO proceeds and borrowings, boosted cash to US$2.3 million, supporting post-IPO growth initiatives while monitoring liquidity.