SNS Network Technology Bhd has posted a substantial improvement in first-quarter earnings, supported by a surge in demand for information and communication technology (ICT) products across its commercial and online channels.
For the financial quarter ended 30 April 2025 (1QFY2026), the group recorded a net profit of RM10.24 million, representing a 174% increase compared to RM3.74 million in the same period last year. Revenue reached an all-time high of RM822.75 million, more than tripling from RM213.59 million in 1QFY2025, according to its filing with Bursa Malaysia.
In line with the strong financial performance, SNS Network declared a first interim dividend of 0.25 sen per share for FY2026, payable on 28 August.
To support its long-term growth strategy, the group is progressing with plans to establish 10 additional retail outlets across Malaysia, capitalising on rising ICT adoption in both public and private sectors. This expansion is further driven by advancements in technology, government-led digital transformation policies, and an increased focus on digital education in schools.
The company has already launched two multi-brand concept stores in Penang and Selangor in May and November 2024, respectively, as well as two brand-specific outlets in Penang during the review quarter.
SNS Network remains optimistic about the future growth of its device-as-a-service (DaaS) model, which offers businesses an alternative to traditional ICT procurement by enabling access to technology on a subscription basis. This approach reduces upfront capital expenditure while improving operational flexibility.
“The group continues to prioritise and expand its DaaS offerings to support both existing and future subscription agreements,” it said in a statement. “The group believes in the coming years, artificial intelligence will play a significant role in its success.”
At market close on Wednesday, shares of SNS Network rose 1.5 sen or 2.75% to 56 sen, valuing the ICT solutions provider at RM938.42 million. Despite the day’s gain, the stock remains down 20% year-to-date.
-The Edge
