KUALA LUMPUR, ICT Zone Asia Bhd has secured a purchase order worth RM14.15 million from Starza Corporation Sdn Bhd for the lease of information and communication technology (ICT) hardware and software over a 36-month period.
In a filing with Bursa Malaysia on Tuesday, the company said the contract was awarded to its wholly owned subsidiary, ICT Zone Ventures Bhd, and covers the leasing of desktops, laptops, printers, Microsoft Office software, and related peripheral devices to Starza for deployment to a government agency. The agreement, however, excludes ICT services.
ICT Zone plans to fund the acquisition of the hardware and software using a combination of IPO proceeds, bank borrowings, and internally generated funds. The group expects the order to positively contribute to earnings and net assets over the contract period, although gearing is likely to rise due to the partial use of borrowings.
Having transitioned from the LEAP Market, ICT Zone raised RM26.6 million through its ACE Market IPO on June 3, allocating RM21 million specifically for ICT asset acquisitions to support future leasing arrangements.
The company, which provides ICT solutions and technology financing, recorded a net profit of RM3.33 million for its first financial quarter ended April 30, 2025 (1QFY2026) on revenue of RM41.62 million, largely driven by its technology financing and ICT trading segments.
ICT Zone has previously stated its goal of growing its unbilled order book to RM500 million within three years following its ACE Market listing, leveraging recurring income from long-term leasing contracts. The group’s shares closed 0.5 sen higher, or up 2.94%, at 17.5 sen on Tuesday, giving it a market capitalisation of RM139.2 million.
