Core Data Highlights: A Remarkable Turnaround

Pertama Digital has delivered a compelling performance in Q1 2025, particularly when compared to the same period last year. The shift from a substantial loss to a profit is a key highlight, signaling the positive impact of strategic management initiatives. Let’s look at the key financial indicators:

Revenue Growth and Profitability Surge

The Group’s revenue expanded by 38.5% to RM2.35 million in Q1 2025, up from RM1.69 million in the corresponding quarter of the previous year. This growth was primarily fueled by strong contributions from the eJamin segment. More impressively, the company swung from a Loss Before Tax of RM1.61 million in Q1 2024 to a Profit Before Tax of RM0.09 million in the current quarter. This significant turnaround, a gain of over RM1.7 million, is attributed to the management’s proactive initiatives in right-sizing the organization, rationalizing costs, and optimizing processes.

Quarter-on-Quarter Performance (Q1 2025 vs. Q4 2024)

Comparing the current quarter to the immediate preceding quarter (Q4 2024) also reveals interesting trends:

While revenue saw a healthy increase of 25.7% from RM1.87 million in Q4 2024 to RM2.35 million in Q1 2025, driven by eJamin and MySMS, the Profit Before Tax experienced a slight dip from RM0.16 million to RM0.09 million. This decrease was mainly due to a lower gross profit contribution from the MySMS segment, despite its revenue growth. However, the management’s cost optimization efforts continue to mitigate the impact on operating expenses.

Balance Sheet and Cash Flow Snapshot

The company’s financial health also shows positive signs. As at 31 March 2025, total assets increased slightly to RM212.94 million from RM212.31 million at the end of 2024. Notably, Islamic trustee funds saw a significant increase to RM166.59 million from RM130.84 million, reflecting strong liquidity management. The accumulated losses also saw a slight reduction, indicating a move towards a healthier financial position.

From a cash flow perspective, Pertama Digital generated RM1.14 million in net cash from operating activities in Q1 2025, a substantial improvement compared to RM0.32 million for the full financial year ended 31 December 2024. This positive operating cash flow demonstrates the company’s ability to generate cash from its core business operations.

Strategic Outlook: Driving Inclusive Digital Growth

Beyond the numbers, Pertama Digital’s report paints a clear picture of its ambitious strategy to become a key player in Malaysia’s digital public infrastructure and financial innovation space. The company is actively pursuing several high-impact initiatives:

• eJamin Expansion: Formalizing a long-term contract with key government ministries to ensure nationwide continuity for the digital bail payment platform, which already processes over RM200 million annually. Upcoming enhancements include virtual accounts for improved user experience and Shariah compliance.
• MyDigital ID Integration: Progressing to become an official integrator for MyDigital ID, aligning with the national agenda for secure digital authentication. This positions Pertama Digital at the forefront of identity verification services.
• Empowering Micro-Businesses with BizKecil: Developing a “super-app” in collaboration with Agrobank to digitalize operations for underserved micro and informal businesses. This platform will offer comprehensive tools from expense tracking to micro-financing and an eMarketplace.
• PTPTN Re-integration & Youth Financial Literacy: Expanding collaboration with PTPTN via the MyPay platform to include financial literacy programs, simplified loan applications, and budgeting tools for students.
• KOCEK 2.0 & KOCEK x Pintar: Evolving KOCEK into a family financial literacy ecosystem, integrating with the Ministry of Education’s school payment system (PINTAR). This aims to facilitate school fees, allowances, savings plans, and even targeted government disbursements.
• Perhilitan Partnership: In discussions to develop a centralized online booking and payment platform for Malaysia’s wildlife parks and eco-reserves, supporting ecotourism and improving visitor convenience.
• SSM e-Info Integration: Collaborating to embed SSM e-Info services into MyPay and BizKecil, enabling instant retrieval of business information and streamlining business onboarding for MSMEs.
• Omnichannel Citizen Communications: Leveraging an exclusive partnership with Infobip to expand MySMS (15888) into a full omnichannel communication platform (WhatsApp, RCS, Email, voice, social media), supporting critical government-to-citizen communication and engagement.

This diverse portfolio, with a clear focus on “zero-cost-to-government” implementation, highlights Pertama Digital’s commitment to scalable, high-impact digital infrastructure. The company is strategically positioning itself to accelerate Malaysia’s digital transformation while aiming to deliver long-term value to shareholders.