DailySpaceMlabs Systems Berhad
0085 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 1488 entries read2023 至 2025 年报，共读出 1488 条
The company这家公司
Mlabs Systems Berhad is listed on the ACE Market of Bursa Malaysia Securities Berhad. The principal activities of the company are investment holding and research and development of mobile application solutions, while the group operates across ICT digitalisation solutions and hardware, factoring, and trading.Mlabs Systems Berhad 在马来西亚证券交易所创业板上市。该公司的主要业务为投资控股以及移动应用方案研发，而集团业务涵盖信息通信技术数字化方案与硬件、保理以及贸易。
Source: annual report 2023, page 80; annual report 2024, pages 66, 126; annual report 2025, page 13.出处：2023 年年报第 80 页；2024 年年报第 66、126 页；2025 年年报第 13 页。
On 28 June 2023, shareholders approved diversifying the group's core businesses to include factoring, development finance, leasing, and building credit. In the 15-month financial period ended 30 September 2025, the fintech division was removed as part of refocusing on domestic operations.2023 年 6 月 28 日，股东批准将集团核心业务多元化至保理、发展融资、租赁和房屋信贷业务。在截至 2025 年 9 月 30 日止的 15 个月财政期间，金融科技部门被剔除，专注于国内营运。
Source: annual report 2023, page 25; annual report 2025, pages 28, 78.出处：2023 年年报第 25 页；2025 年年报第 28、78 页。
In the 15-month period ended 30 September 2025, total revenue was RM33.41 million, with Malaysia contributing RM32.3 million. In 2024, Malaysia contributed RM23,984,328, the Cayman Islands RM2,451,302, and Taiwan RM284,201.在截至 2025 年 9 月 30 日止的 15 个月财政期间，总营业额为 RM33.41 million，其中马来西亚贡献 RM32.3 million。2024 年，马来西亚贡献 RM23,984,328，开曼群岛贡献 RM2,451,302，台湾贡献 RM284,201。
Source: annual report 2024, page 129; annual report 2025, pages 14, 127.出处：2024 年年报第 129 页；2025 年年报第 14、127 页。
In the 2023 report, First United Technology Limited was the largest shareholder with 333,335,150 shares (23.0%). In the 2025 report, Tang Ah Mooi was listed with 18,751,000 shares (6.49%). Executive director Tan Sik Eek also serves as a director of Fintec Global Berhad, NetX Holdings Berhad, XOX Bhd, and Symphony Life Berhad. Several directors hold directorships in other listed companies including Pasukhas Group Berhad, DGB Asia Berhad, Vsolar Group Berhad, and Sinaran Advance Group Berhad.在 2023 年年报中，First United Technology Limited 为最大股东，持有 333,335,150 股（23.0%）。在 2025 年年报中，Tang Ah Mooi 列示持有 18,751,000 股（6.49%）。执行董事 Tan Sik Eek 同时担任 Fintec Global Berhad、NetX Holdings Berhad、XOX Bhd 和 Symphony Life Berhad 的董事。多位董事亦在包括 Pasukhas Group Berhad、DGB Asia Berhad、Vsolar Group Berhad 和 Sinaran Advance Group Berhad 在内的其他上市公司担任董事职务。
Source: annual report 2023, page 155; annual report 2025, pages 7, 8, 10, 154.出处：2023 年年报第 155 页；2025 年年报第 7、8、10、154 页。
Karina binti Idris Ahmad Shah was appointed as an independent non-executive director on 1 June 2023. Carlos Luis Salas Porras and Huang Hsin Han resigned as directors in November 2023. On 30 April 2025, Stephen Joseph Chor Lynch ceased to be a director following the disposal of Inbase Partners Limited. Messrs Nexia SSY PLT was appointed as external auditors to fill the vacancy caused by the resignation of CAS Malaysia PLT.Karina binti Idris Ahmad Shah 于 2023 年 6 月 1 日获委任为独立非执行董事。Carlos Luis Salas Porras 和 Huang Hsin Han 于 2023 年 11 月辞任董事。2025 年 4 月 30 日，Stephen Joseph Chor Lynch 因脱售 Inbase Partners Limited 而不再担任董事。Messrs Nexia SSY PLT 获委任为外部审计师，以填补 CAS Malaysia PLT 辞任留下的空缺。
Source: annual report 2023, page 10; annual report 2024, page 67; annual report 2025, pages 65, 79.出处：2023 年年报第 10 页；2024 年年报第 67 页；2025 年年报第 65、79 页。
Revenue by country, 20252025 年按国家/地区划分的营业额
Source: annual report 2025, page 127.出处：2025 年年报第 127 页。
Revenue by country, 20242024 年按国家/地区划分的营业额
Source: annual report 2024, page 129.出处：2024 年年报第 129 页。
Major events大事记
Source: annual report 2023, page 113.出处：2023 年年报第 113 页。
Source: annual report 2023, page 25.出处：2023 年年报第 25 页。
Source: annual report 2024, page 67.出处：2024 年年报第 67 页。
Source: annual report 2024, pages 66, 138.出处：2024 年年报第 66、138 页。
Source: annual report 2024, pages 23, 138.出处：2024 年年报第 23、138 页。
Source: annual report 2025, page 114.出处：2025 年年报第 114 页。
Source: annual report 2025, page 17.出处：2025 年年报第 17 页。
Source: annual report 2025, page 147.出处：2025 年年报第 147 页。
Total assets and equity总资产与权益总额
Revenue and loss for the year/period营业额与年度/期间亏损
20232023 年
Net cash used in operating activities was RM2,022,470. Capital spending included RM5,533,638 for the purchase of property, plant and equipment, while deemed disposal of subsidiary companies resulted in net cash outflows of RM195,784. Financing cash outflows included RM1,113,041 in lease liabilities paid and RM146,601 in interest paid. On 5 April 2023, the company announced varying up to RM8.54 million of unutilised proceeds from a September 2021 private placement toward the factoring business. No dividend was recommended or paid.营运活动所用现金净额为 RM2,022,470。资本支出包括购买物业、厂房及设备 RM5,533,638，视同脱售子公司产生现金净流出 RM195,784。融资现金流出包括偿还租赁负债 RM1,113,041 及已付利息 RM146,601。2023 年 4 月 5 日，公司宣布将 2021 年 9 月私下配售所得未动用款项中的至多 RM8.54 million 变更为用于保理业务。未建议或派发任何股息。
Source: annual report 2023, pages 25, 63, 78.出处：2023 年年报第 25、63、78 页。
20242024 年
Net cash used in operating activities was RM8,075,257. Purchase of property, plant and equipment was RM408,639 and acquisition of investment properties was RM112,500. Financing outflows included RM754,690 in lease liabilities paid and RM304,328 in interest paid. On 4 April 2024, the company completed a share consolidation of every 20 ordinary shares into 1 ordinary share. Warrants C expired on 7 December 2023 with 350 warrants exercised raising RM32. Total liabilities rose from RM7.38 million to RM21.85 million, mainly as current liabilities rose to RM20.76 million. No dividend was proposed.营运活动所用现金净额为 RM8,075,257。购买物业、厂房及设备为 RM408,639，购买投资产业为 RM112,500。融资流出包括偿还租赁负债 RM754,690 及已付利息 RM304,328。2024 年 4 月 4 日，公司完成每 20 股普通股合并为 1 股的股份合并。凭单 C 于 2023 年 12 月 7 日到期，其中 350 份凭单行使筹得 RM32。总负债由 RM7.38 million 升至 RM21.85 million，主要因为流动负债增至 RM20.76 million。未建议派发股息。
Source: annual report 2024, pages 18, 25, 66, 81, 118.出处：2024 年年报第 18、25、66、81、118 页。
20252025 年
On 1 August 2024, the company completed a rights issue with warrants, issuing 216,598,817 rights shares at RM0.16 each, raising RM34.66 million. Deposits placed with foreign securities companies stood at approximately RM43.8 million, equivalent to approximately USD10.4 million. Fixed deposits of RM1,203,600 were pledged to licensed banks. On 30 April 2025, the company entered into an agreement to dispose of its investment in Inbase Partners Limited for cash consideration of RM4. No dividend was recommended.2024 年 8 月 1 日，公司完成附加股配发，以每股 RM0.16 发行 216,598,817 股附加股，筹得 RM34.66 million。外国证券公司存放款项约为 RM43.8 million，相当于约 USD10.4 million。向持牌银行抵押了 RM1,203,600 的定期存款。2025 年 4 月 30 日，公司订立协议以现金代价 RM4 脱售 Inbase Partners Limited 的投资。未建议派发股息。
Source: annual report 2024, page 23; annual report 2025, pages 18, 69, 89, 114, 125, 149.出处：2024 年年报第 23 页；2025 年年报第 18、69、89、114、125、149 页。
Across the three reports三份年报合看
Loss after tax widened across the three reports from RM8.80 million in 2023 to RM18.35 million in 2024 and RM27.22 million in 2025. In 2024, an impairment loss on intangible assets of RM1,912,991 and fair value loss on quoted shares of RM2.10 million were recognized. In 2025, one-off impairment losses included RM11,215,289 on a historical settlement arrangement for land development rights and RM4,147,621 on amounts owing by disposed Inbase Partners subsidiaries. The external auditor issued a qualified audit opinion regarding deposits with foreign securities companies of approximately RM43.8 million; primary supporting documentation including contract notes was unavailable. No dividends were paid or proposed across the three reports.三份年报中税后亏损由 2023 年的 RM8.80 million 扩大至 2024 年的 RM18.35 million 及 2025 年的 RM27.22 million。2024 年，确认了无形资产减值亏损 RM1,912,991 以及上市股票公允价值亏损 RM2.10 million。2025 年，一次性减值亏损包括土地开发权历史清偿安排的 RM11,215,289，以及已脱售 Inbase Partners 子公司欠款的 RM4,147,621。外部审计师针对约 RM43.8 million 的外国证券公司存放款项出具了保留审计意见；包括合同单据在内的主要证明文件缺失。三份年报均未派发或建议派发股息。
Source: annual report 2023, pages 17, 27; annual report 2024, pages 17, 25, 80; annual report 2025, pages 14, 18, 123, 149, 150.出处：2023 年年报第 17、27 页；2024 年年报第 17、25、80 页；2025 年年报第 14、18、123、149、150 页。
Still to be spent尚未支出的承诺
From the December 2020 rights issue, RM3.35 million remained unutilised for remote meeting and videotelephony enablers at 30 September 2025, after RM16.85 million was varied on 20 June 2025 to factoring business working capital. The August 2024 rights issue raised RM34.66 million, with up to RM34.04 million intended to fund working capital of the factoring business. On 25 March 2026, the board approved the proposed acquisition of an office unit by Mlabs Properties Sdn. Bhd. for a purchase consideration of RM4.2 million.截至 2025 年 9 月 30 日，2020 年 12 月附加股配发中原定用于远程会议及视频电话方案的资金尚余 RM3.35 million 未动用，此前于 2025 年 6 月 20 日已有 RM16.85 million 变更为保理业务营运资金。2024 年 8 月附加股配发筹得 RM34.66 million，其中至多 RM34.04 million 拟用于保理业务营运资金。2026 年 3 月 25 日，董事会批准 Mlabs Properties Sdn. Bhd. 拟以 RM4.2 million 购买一处办公单位。
Source: annual report 2024, page 23; annual report 2025, pages 17, 69, 147.出处：2024 年年报第 23 页；2025 年年报第 17、69、147 页。
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 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 20,869,051 | 22,493,164 | 26,719,831 | 33,407 |
| Loss before taxation税前亏损 | (13,729,543) | (8,184,794) | (18,220,171) | (26,853) |
| Loss for the financial year/period年度/期间亏损 | (6,123,315) | (8,793,133) | (18,345,705) | (27,218) |
| Net cash used in operating activities营运活动所用现金净额 | (8,071,839) | (2,022,470) | (8,075,257) | – |
| Acquisition of property, plant and equipment购买物业、厂房及设备 | (10,120,948) | (5,533,638) | (408,639) | (729) |
| Total assets总资产 | 143,745,841 | 135,288,503 | 131,920,228 | 123,147 |
| Total liabilities总负债 | 11,681,795 | 7,383,986 | 21,849,568 | 12,377 |
| Total equity权益总额 | 132,064,046 | 127,904,517 | 110,070,660 | 110,770 |
| Cash and bank balances现金与银行结余 | 41,140,356 | 59,793,515 | 49,920,914 | 6,743 |
| Lease liabilities租赁负债 | 3,727,363 | 2,786,888 | 1,487,811 | 1,199 |
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 |
|---|---|---|
| Proposed share consolidation of 20 shares into 1 and rights issue with warrants to raise working capital for the factoring business (2023 report)建议实施 20 股合为 1 股的股份合并及附加股配发，以为保理业务筹集营运资金（2023 年年报） | The share consolidation completed on 4 April 2024 and the rights issue completed on 1 August 2024, listing 216,598,817 rights shares with 86,639,526 Warrants D.股份合并于 2024 年 4 月 4 日完成，附加股配发于 2024 年 8 月 1 日完成，上市交易 216,598,817 股附加股及 86,639,526 份凭单 D。 Source: annual report 2023, page 25; annual report 2024, pages 23, 66; annual report 2025, page 69.出处：2023 年年报第 25 页；2024 年年报第 23、66 页；2025 年年报第 69 页。 | Carried out已执行 |
| Extension of the Joint Venture Agreement with Seacera Builders Sdn. Bhd. for 3 years until 22 November 2025 to develop 137 holiday home villas (2023 report)与 Seacera Builders Sdn. Bhd. 达成协议将合资协议延长 3 年至 2025 年 11 月 22 日，以开发 137 栋度假屋别墅（2023 年年报） | The joint venture agreement expired on 22 November 2025 without renewal, and Ikhlas Al Dain Sdn. Bhd. fully impaired the RM11,215,289 receivable that was to be realised through it.合资协议于 2025 年 11 月 22 日届满且未续约，Ikhlas Al Dain Sdn. Bhd. 对原定通过该协议收回的 RM11,215,289 应收款作全额减值。 Source: annual report 2023, page 113; annual report 2025, pages 123, 146.出处：2023 年年报第 113 页；2025 年年报第 123、146 页。 | Full impairment loss recognized确认全额减值亏损 |
| Early stage talks with prospective corporate clients to partner with the Catch Markets trading platform (2023 report)与潜在企业客户就接入 Catch Markets 交易平台合作展开初步洽谈（2023 年年报） | Development was completed in 2024, but on 30 April 2025 the company agreed to sell its 51% stake in Inbase Partners Limited for RM4 and fully impaired the RM4,147,621 owed by the disposed subsidiaries.该平台开发于 2024 年完成，但公司于 2025 年 4 月 30 日订约以 RM4 脱售 Inbase Partners Limited 的 51% 股权，并对已脱售子公司所欠的 RM4,147,621 作全额减值。 Source: annual report 2023, pages 23, 27; annual report 2024, page 20; annual report 2025, pages 114, 123.出处：2023 年年报第 23、27 页；2024 年年报第 20 页；2025 年年报第 114、123 页。 | Business disposed of业务已脱售 |
| Preparing to launch an enhanced version of the Let’s Swapp mobile application in quarter four of 2024 (2024 report)准备于 2024 年第四季度推出 Let’s Swapp 移动应用升级版（2024 年年报） | The 2025 report does not report on the launch or progress of the updated mobile application.2025 年年报未再提及该升级移动应用的推出情况或进展。 Source: annual report 2024, page 20; annual report 2025, page 13.出处：2024 年年报第 20 页；2025 年年报第 13 页。 | Not mentioned again未再提及 |
| Exploring establishing a physical distribution center in city center for the Pacifica2u trading segment (2024 report)探索为 Pacifica2u 贸易业务在市中心设立实体配送中心（2024 年年报） | On 27 March 2026, the company entered into an agreement to sell Pacifica Direct Sdn. Bhd. to NetX Holdings Berhad for RM10.00.2026 年 3 月 27 日，公司订立协议以 RM10.00 将 Pacifica Direct Sdn. Bhd. 脱售予 NetX Holdings Berhad。 Source: annual report 2024, page 25; annual report 2025, page 147.出处：2024 年年报第 25 页；2025 年年报第 147 页。 | Subsidiary agreed to be sold已协议脱售该子公司 |
What the reports leave open年报留下待看的事
- The qualified audit opinion concerning deposits placed with foreign securities companies of approximately RM43.8 million as at 30 September 2025, where contract notes for the portfolio share acquisitions were unavailable.针对截至 2025 年 9 月 30 日约 RM43.8 million 外国证券公司存放款项的保留审计意见：相关股票组合买入交易的成交单据等证明文件缺失。
Source: annual report 2025, pages 89, 149, 150.出处：2025 年年报第 89、149、150 页。
- Recoverability of trade receivables of RM36.801 million, which represent approximately 29% of group total assets, subject to payment cycles and customer performance in the factoring business.RM36.801 million 贸易应收款项的回收情况，该款项占集团总资产约 29%，受保理业务客户履约及付款周期的影响。
Source: annual report 2025, pages 15, 17, 150.出处：2025 年年报第 15、17、150 页。
- Regulatory compliance under the Consumer Credit Act 2025, under which all factoring companies are to come under regulatory supervision by 2027.《2025 年消费信贷法》下的合规进展，所有保理公司预计将于 2027 年前纳入监管监督。
Source: annual report 2025, pages 16, 29.出处：2025 年年报第 16、29 页。
- Completion of post-balance sheet transactions: the disposal of Pacifica Direct Sdn. Bhd. for RM10.00 and the proposed acquisition of an office unit for RM4.2 million.资产负债表日后事项的执行情况：以 RM10.00 脱售 Pacifica Direct Sdn. Bhd. 以及拟以 RM4.2 million 购置办公单位。
Source: annual report 2025, page 147.出处：2025 年年报第 147 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-28.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 2026-10-28。