DailySpaceIRIS Corporation Berhad
0010 · ACE Market创业板（ACE Market） · annual reports 2024 to 2026, 318 entries read2024 至 2026 年报，共读出 318 条
The company这家公司
IRIS is a provider of trusted identification solutions, delivering ePassports, eID cards, and driving licenses. In 2025, the Trusted ID Division accounted for RM220.2 million, or over 99% of group total revenue.IRIS 是一家可信身份识别方案供应商，提供电子护照、电子身份卡及驾驶执照。2025 年，可信身份部门占集团总营业额的 RM220.2 million，即 99% 以上。
Sources (2)出处（2）
For the past 30 years, IRIS has delivered more than 106.5 million passports and more than 183.4 million eIDs and driving license cards around the world.
For FY2025, Trusted ID Division remained the core revenue contributor, accounting for RM220.2 million, or over 99% of the Group’s total revenue.
Africa is the largest geographic market, generating RM228.9 million in 2024, RM161.7 million in 2025, and RM106.2 million in 2026. In 2026, two customers accounted for RM106,607,769 of total revenue.非洲是集团最大的地理区域市场，在 2024 年贡献 RM228.9 million，2025 年贡献 RM161.7 million，2026 年贡献 RM106.2 million。2026 年，两家客户占总营业额的 RM106,607,769。
Sources (4)出处（4）
Africa 228,933 - - 228,933
Africa 161,659 - - 161,659
Africa 106,166 - 106,166
For trusted identification segment, revenue from two customers (2025: two customers) approximately RM106,607,769 (2025: RM148,944,019) for the Group’s total revenue.
Major shareholders in 2026 include Orientalgold Equity Sdn Bhd with 86,322,550 shares (10.582%), held under a pledged securities account with HLIB Nominees (Tempatan) Sdn Bhd, Robin Tan Yeong Ching with 61,422,550 shares (7.530%), and Dato' Poh Yang Hong with a direct interest of 18,800,000 shares (2.305%).2026 年的主要股东包括持股 86,322,550 股（10.582%）的 Orientalgold Equity Sdn Bhd（放在 HLIB Nominees (Tempatan) Sdn Bhd 抵押证券账户下）、持股 61,422,550 股（7.530%）的 Robin Tan Yeong Ching，以及直接持股 18,800,000 股（2.305%）的 Dato' Poh Yang Hong。
Sources (4)出处（4）
Dato’ Poh Yang Hong 18,800,000 2.305 86,322,550 ^10.582
Orientalgold Equity Sdn Bhd 86,322,550 10.582 - -
Robin Tan Yeong Ching 61,422,550 7.530 - -
HLIB NOMINEES (TEMPATAN) SDN BHD 86,322,550 10.582 PLEDGED SECURITIES ACCOUNT FOR ORIENTALGOLD EQUITY SDN. BHD.
In management changes, Mr Chia was redesignated from Acting Chief Executive Officer to Chief Executive Officer on 1 March 2025. On 7 January 2026, Dr Poh Soon Sim was redesignated from Executive Chairman to Non-Independent and Non-Executive Chairman, and Dr Poh Soon Sim is the father of Dato' Poh Yang Hong.在管理层变动方面，Mr Chia 于 2025 年 3 月 1 日由代理首席执行官改任为首席执行官。2026 年 1 月 7 日，Dr Poh Soon Sim 由执行主席改任为非独立非执行主席，Dr Poh Soon Sim 为 Dato' Poh Yang Hong 的父亲。
Sources (3)出处（3）
Mr Chia is the Chief Executive Officer of IRIS Corporation Berhad and was redesignated to this role from Acting Chief Executive Officer on 1 March 2025.
Dr Poh was re-designated from Executive Chairman to Non-Independent and Non-Executive Chairman on 7 January 2026.
Except for Dr. Poh Soon Sim who is the father of Dato’ Poh Yang Hong, none of the Directors have family relationship with any other Directors and/or major shareholders of the Company.
Revenue by geographic region, 20262026 年按地理区域划分的营业额
Sources (5)出处（5）
Malaysia 33,496 (40) 33,456
Asia 21,786 - 21,786
Oceania 6,088 - 6,088
Africa 106,166 - 106,166
North America 166 - 166
Major events大事记
Sources (2)出处（2）
On 10 August 2023, KDN had issued a letter to terminate the NIISe Contract.
Included in the contract assets of the Group is an amount of RM143,642,636 in relation to NIISe contract.
Sources (2)出处（2）
On 1 March 2024, the High Court approved the resolution for the capital reduction, which entailed reduction of the issued share capital of Company pursuant to Section 116 of the Companies Act 2016.
The credit of RM430,000,000 arising from capital reduction was used to eliminate the accumulated losses of the Company
Sources (2)出处（2）
In view of that, the Company had on 15 April 2024 (“Effective Termination Date”) elected to effectively terminate the SSA.
Pursuant to SSA, the deposit of RM7,000,000 shall be forfeited on the Effective Termination Date.
Sources (2)出处（2）
The Company had on 6 December 2024 entered into a Shares Sale Agreement (“SSA”) with PP Cylabs (M) Sdn Bhd (“PCMSB”) for the disposal of 100% equity interest comprising 2,749,000 ordinary shares in ITV, for a total cash consideration of RM2,385,500 only (“Proposed Disposal”).
The Proposed Disposal was completed on 18 February 2025 in accordance with the terms and conditions of the SSA.
Sources (1)出处（1）
The Internal Reorganisation was completed on 7 January 2026, resulting in IRIS assuming the listing status of ICB, with ICB becoming a wholly-owned subsidiary of IRIS.
Sources (1)出处（1）
The High Court had, on 25 May 2026, entered judgment against the 1st Defendant for RM30,139,099.
Revenue, profit and operating cash营业额、盈利与营运现金
Total assets and equity总资产与总权益
20242024 年
In 2024, the High Court approved a capital reduction, creating a credit of RM430,000,000 to eliminate accumulated losses, alongside a share consolidation reducing shares from 3,262,910,862 units to 815,727,624 units. On 10 August 2023, the Ministry of Home Affairs (KDN) terminated the National Integrated Immigration System (NIISe) contract, which carried contract assets of RM143,642,636. An impairment loss of RM10,000,000 was recognized on a cash-generating unit. No dividend was recommended for the year.2024 年，高等法庭批准资本削减，产生 RM430,000,000 的额度以抵销累计亏损，同时进行股份整合，将股份从 3,262,910,862 股缩减至 815,727,624 股。2023 年 8 月 10 日，内政部（KDN）终止了国家综合移民系统（NIISe）合约，该合约相关资产为 RM143,642,636。现金产生单位确认了 RM10,000,000 的减值损失。当年未建议派发股息。
Sources (7)出处（7）
On 1 March 2024, the High Court approved the resolution for the capital reduction, which entailed reduction of the issued share capital of Company pursuant to Section 116 of the Companies Act 2016.
The credit of RM430,000,000 arising from capital reduction was used to eliminate the accumulated losses of the Company
Pursuant to the share consolidation, the total number of ordinary shares reduced from 3,262,910,862 units to 815,727,624 units.
On 10 August 2023, KDN had issued a letter to terminate the NIISe Contract.
Included in the contract assets of the Group is an amount of RM143,642,636 in relation to NIISe contract.
As at 31 March 2024, an impairment loss of RM10,000,000 (2023: RM18,268,000) is recognised as the carrying amount of the CGU exceeded the recoverable amount.
The directors do not recommend the payment of any dividends in respect of the financial year ended 31 March 2024.
20252025 年
In 2025, the group recognized a one-off impairment loss on goodwill of RM12.0 million. Income included forfeiture income of RM7.0 million and interest income of RM4.5 million. The company disposed of IRIS Tech Ventures Sdn Bhd for RM2,385,500 cash. Two interim dividends of 1 sen per share totalling RM16.3 million were paid, and a final dividend of 0.5 sen per share was recommended.2025 年，集团确认了 RM12.0 million 的一次性商誉减值损失。收益包括 RM7.0 million 的没收收入及 RM4.5 million 的利息收入。公司以 RM2,385,500 现金脱售 IRIS Tech Ventures Sdn Bhd。支付了两笔每股 1 仙的中期股息，合计 RM16.3 million，并建议派发每股 0.5 仙的终期股息。
Sources (7)出处（7）
The lower PAT was largely impacted by a one-off impairment loss on goodwill amounting to RM12.0 million and lower revenue from ePassports and eID cards deliveries.
The division also benefited from gains on disposal of a subsidiary and other income, including forfeiture income of RM7.0 million and interest income totalling RM4.5million.
The Company had on 6 December 2024 entered into a Shares Sale Agreement (“SSA”) with PP Cylabs (M) Sdn Bhd (“PCMSB”) for the disposal of 100% equity interest comprising 2,749,000 ordinary shares in ITV, for a total cash consideration of RM2,385,500 only (“Proposed Disposal”).
The Proposed Disposal was completed on 18 February 2025 in accordance with the terms and conditions of the SSA.
As a demonstration of confidence in the Group’s long-term prospects and to reward shareholders for their support, IRIS declared and paid two single-tier interim dividends of 1 sen each per ordinary share during FY2025.
These payments were made on 20 December 2024 and 28 March 2025, respectively, amounting to a total dividend payout of RM16.3 million.
In addition, I am pleased to announce that the Board is recommending a final single-tier dividend of 0.5 sen per ordinary share for FY2025 to be approved by shareholders in the coming annual general meeting.
20262026 年
In 2026, results were impacted by an interest award of approximately RM14.0 million from litigation after the High Court entered judgment against subsidiary IITS for RM30,139,099 plus costs of RM80,000. Dividends paid prior to completion of the internal reorganisation amounted to RM4.078 million, and a final dividend of 0.5 sen per share was recommended.2026 年，因高等法庭判决子公司 IITS 需支付 RM30,139,099 及 RM80,000 诉讼费，业绩受到了约 RM14.0 million 的利息判决影响。重组完成前已派发股息 RM4.078 million，并建议派发每股 0.5 仙的终期股息。
Sources (5)出处（5）
The FY2026 performance was affected not only by the lower revenue base, but also by an interest award of approximately RM14.0 million recognised against the Group arising from a litigation case.
The High Court had, on 25 May 2026, entered judgment against the 1st Defendant for RM30,139,099.
The High Court also entered judgement against the 1st Defendant for interest together with costs of RM80,000.
The Group paid dividends amounting to RM4.078 million during the financial period prior to completion of the internal reorganisation as disclosed in Note 25 to the financial statements.
Notwithstanding the challenging operating environment in FY2026, the Group’s resilient balance sheet has enabled the Board to recommend a final single-tier dividend of 0.5 sen per ordinary share for FY2026, subject to shareholders’ approval at the forthcoming Annual General Meeting.
Across the three years三年合看
Across the three years, revenue contracted from RM371.1 million in 2024 to RM221.0 million in 2025 and RM167.7 million in 2026, mainly due to lower volume deliveries of ePassports and eID cards. Goodwill carrying value was reduced by impairment losses of RM10,000,000 in 2024 and RM12.0 million in 2025 to RM88,000,000 in 2025 and 2026. Operating cash flow remained positive in all three years.三年合看，受电子护照及电子身份卡交付量下降影响，营业额从 2024 年的 RM371.1 million 降至 2025 年的 RM221.0 million 及 2026 年的 RM167.7 million。商誉账面值在 2024 年与 2025 年分别经 RM10,000,000 与 RM12.0 million 的减值后，在 2025 与 2026 年维持在 RM88,000,000。三年间的营运现金流均保持正数。
Sources (6)出处（6）
The contraction was primarily attributable to lower volume deliveries of ePassports and eID cards across several key overseas projects.
Against this challenging backdrop, IRIS recorded a revenue of RM167.7 million compared to RM221.0 million in FY2025, mainly due to lower volume deliveries of ePassports and eID cards.
As at 31 March 2024, an impairment loss of RM10,000,000 (2023: RM18,268,000) is recognised as the carrying amount of the CGU exceeded the recoverable amount.
The lower PAT was largely impacted by a one-off impairment loss on goodwill amounting to RM12.0 million and lower revenue from ePassports and eID cards deliveries.
The Group’s goodwill amounted to RM88,000,000 as at 31 March 2025.
The Group’s goodwill amounted to RM88,000,000 as at 31 March 2026.
Still to be spent尚未支出的承诺
No capital proceeds were raised from corporate proposals across the three financial years. A portion of cash and bank balances remained pledged to licensed banks for credit facilities, amounting to RM31,322,015 in 2024, RM31,416,421 in 2025, and RM17,902,817 in 2026.三个财政年度内均未通过公司方案募集资金。部分现金及银行结余已抵押给持牌银行作为信用额度担保，2024 年为 RM31,322,015，2025 年为 RM31,416,421，2026 年为 RM17,902,817。
Sources (6)出处（6）
There were no proceeds raised from any corporate proposals during the financial year ended 31 March 2024.
There were no proceeds raised from any corporate proposals during the financial year ended 31 March 2025.
There were no proceeds raised from any corporate proposals during the financial year ended 31 March 2026.
Included in cash and bank balances and short-term deposits placed with licensed banks of the Group and of the Company are amounts of RM31,322,015 and RM14,995,208 (2023: RM14,485,825 and RM14,485,825) respectively pledged to licensed banks for bank guarantee facilities and credit facilities
Included in cash and bank balances and short-term deposits placed with licensed banks of the Group and of the Company are amounts of RM31,416,421 and RM17,892,163 (2024: RM31,322,015 and RM14,995,208) respectively pledged to licensed banks for bank guarantee facilities and credit facilities granted to the Group and the Company as disclosed in Note 19 to the financial statements and hence, are not available for general use.
Included in cash and bank balances and short-term deposits placed with licensed banks of the Group is an amount of RM17,902,817 (2025: RM31,416,421) pledged to licensed banks for bank guarantee facilities and credit facilities granted to the Group
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 348,871 | 371,108 | 221,001 | 167,662 |
| Profit before taxation税前盈利 | 32,840 | 40,380 | 33,367 | 1,661 |
| Profit / (loss) after taxation税后盈利 /（亏损） | 21,890 | 32,244 | 23,909 | (3,652) |
| Net cash from operating activities营运活动所得现金净额 | 20,202 | 38,687 | 24,786 | 26,833 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | 983 | 2,958 | 1,242 | 1,232 |
| Total assets总资产 | 528,516 | 632,306 | 602,410 | 587,023 |
| Cash and bank balances现金与银行结余 | 17,311 | 61,624 | 59,641 | 31,350 |
| Total equity总权益 | 345,279 | 377,549 | 385,593 | 377,761 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Entered into a shareholders' agreement on 22 April 2024 to set up a 50% joint venture, Port City BPO, in Sri Lanka于 2024 年 4 月 22 日签署股东协议，在斯里兰卡设立持股 50% 的合营公司 Port City BPO | Formed the joint venture company but subsequently disposed of the 50% equity investment in 2025.设立了合营公司，但随后在 2025 年脱售了该 50% 股权。Sources (5)出处（5）On 22 April 2024, IRIS Tech Ventures Sdn Bhd (“ITV”), a wholly owned subsidiary of IRIS, has entered into a Shareholders’ Agreement (“SA”) with Aitken Spence International PTE LTD, a company incorporated and existing under the laws of Singapore The joint venture started off with offshore company which carry out business as a service provider of outsourcing of business processes in the Colombo Port City Special Economic Zone in Sri Lanka. On 22 April 2024, IRIS Tech Ventures Sdn. Bhd. (“ITV”), a wholly owned subsidiary of the Company, has entered into a Shareholders’ Agreement (“SA”) with Aitken Spence International Pte Ltd, which is a wholly owned subsidiary of Aitken Spense PLC (“AS”) to form a joint venture company, Port City BPO (Private) Limited (“PCBPO”). Consequently, the Group disposed its 50% equity investment in PCBPO. The Proposed Disposal was completed on 18 February 2025 in accordance with the terms and conditions of the SSA. | Disposed已脱售 |
| Proposed internal reorganisation under a scheme of arrangement, expected to be completed in the fourth quarter of 2025建议根据协议计划进行内部重组，预计于 2025 年第四季度完成 | High Court approved the scheme on 21 November 2025, and the reorganisation was completed on 7 January 2026.高等法庭于 2025 年 11 月 21 日批准计划，重组于 2026 年 1 月 7 日完成。Sources (4)出处（4）The Company had on 18 April 2025, announced that it proposed to undertake the proposed internal reorganisation by way of a members’ scheme of arrangement under Section 366 of the Companies Act, 2016 (“Act”) (“Scheme of Arrangement”) comprising the following proposals: The Proposed Internal Reorganisation is expected to be completed in the fourth quarter of 2025. The Internal Reorganisation was completed on 7 January 2026, resulting in IRIS assuming the listing status of ICB, with ICB becoming a wholly-owned subsidiary of IRIS. On 21 November 2025, the High Court has approved the Internal Reorganisation by way of a members scheme of arrangement under Section 366 of the Companies Act, 2016 for the Internal Reorganisation. | Completed已完成 |
| Initiated arbitration proceedings against KDN over the termination of the NIISe contract就 NIISe 合约终止一事向 KDN 提起仲裁程序 | Arbitration hearing concluded in December 2025, with oral submissions scheduled for September 2026.仲裁听证会已于 2025 年 12 月结束，口头陈述安排在 2026 年 9 月。Sources (5)出处（5）IITS has on 24 November 2023, via its solicitors, filed a Notice of Arbitration (“NOA”) under the Asian International Arbitration Centre (“AIAC”) Arbitration Rules 2023 to refer the disputes with KDN arising from and in connection with the NIISe Contract to the AIAC for arbitration. The Parties have agreed on the appointment of the Arbitrator. The parties have appointed the arbitrator and the arbitration is scheduled for hearing between 1 December 2025 and 18 December 2025. The hearing has concluded in December 2025. The arbitration had been scheduled for oral submissions in September 2026. | In progress进行中 |
| Faced lawsuit by Tec D claiming RM30,139,099, with full trial previously set for January 2028面临 Tec D 索偿 RM30,139,099 的诉讼，原定于 2028 年 1 月全面审理 | High Court entered judgment against IITS on 25 May 2026 for RM30,139,099 plus interest; IITS filed an appeal on 3 June 2026.高等法庭于 2026 年 5 月 25 日判决 IITS 需赔偿 RM30,139,099 及利息；IITS 于 2026 年 6 月 3 日提出上诉。Sources (5)出处（5）Tec D had on 5 December 2023 commenced legal action in Kuala Lumpur High Court against IITS (1st Defendant) and ICB (2nd Defendant) respectively claiming for an outstanding sum of RM30,139,099 together with late payment interest The Court has dismissed the 2nd Defendant’s Notice of Application for Striking Out and the Plaintiff’s Notice of Application for Summary Judgment respectively on 13 May 2024 and fixed full trial dates on 17 January 2028 – 20 January 2028 and 24 January 2028. The FY2026 performance was affected not only by the lower revenue base, but also by an interest award of approximately RM14.0 million recognised against the Group arising from a litigation case. The High Court had, on 25 May 2026, entered judgment against the 1st Defendant for RM30,139,099. The 1st Defendant had, on 3 June 2026, filed a Notice of Appeal to the Court of Appeal to appeal against the decision of the High Court delivered on 25 May 2026. | Pending appeal上诉中 |
| Planned and installed rooftop solar panels to generate green power计划并安装屋顶太阳能电池板以产生绿色电力 | Completed installation of rooftop solar photovoltaic panels at headquarters in 2025.于 2025 年在总部完成了屋顶太阳能光伏电池板的安装。Sources (2)出处（2）We have installed solar panels on our building rooftop to minimise the Group’s carbon footprint by generating our own green power. As part of our climate action strategy, we have completed the installation of rooftop solar photovoltaic (PV) panels at our headquarters to generate renewable energy. | Completed已完成 |
What the reports leave open年报留下待看的事
- The outcome of IITS's appeal against the High Court judgment awarding RM30,139,099 and interest to Tec D, with an ad interim stay granted until 1 September 2026.IITS 就高等法庭判决赔偿 Tec D RM30,139,099 及利息所提出上诉的结果，暂缓执行令获延长至 2026 年 9 月 1 日。
Sources (3)出处（3）
The High Court had, on 25 May 2026, entered judgment against the 1st Defendant for RM30,139,099.
The 1st Defendant had, on 3 June 2026, filed a Notice of Appeal to the Court of Appeal to appeal against the decision of the High Court delivered on 25 May 2026.
The High Court had also granted the 1st Defendant’s application for an ad interim stay of execution and enforcement of the judgment until the hearing of the Stay Application on 1 September 2026.
- The final award in the NIISe contract arbitration with KDN, with oral submissions scheduled for September 2026.与 KDN 就 NIISe 合约进行的仲裁最终裁决，口头陈述定于 2026 年 9 月进行。
Sources (2)出处（2）
IITS has on 24 November 2023, via its solicitors, filed a Notice of Arbitration (“NOA”) under the Asian International Arbitration Centre (“AIAC”) Arbitration Rules 2023 to refer the disputes with KDN arising from and in connection with the NIISe Contract to the AIAC for arbitration.
The arbitration had been scheduled for oral submissions in September 2026.
- The outcome of arbitration with Datamicron over software licence fees and services, scheduled for hearing from 17 November 2026 to 4 December 2026.与 Datamicron 就软件许可费及服务进行的仲裁结果，听证会定于 2026 年 11 月 17 日至 12 月 4 日举行。
Sources (2)出处（2）
On 23 May 2024, Datamicron served a Notice of Arbitration (“NOA”) dated 21 May 2024 on IITS for an arbitral proceeding under the Asian International Arbitration Centre (“AIAC”) Arbitration Rules 2023 for services rendered and software license fees
The Parties have appointed the arbitrator, and the arbitration is scheduled for hearing between 17 November 2026 and 4 December 2026.
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-11.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-11。