DailySpaceSMRT Holdings Berhad
0117 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 1290 entries read2023 至 2025 年报，共读出 1290 条
The company这家公司
SMRT Holdings Berhad transitioned to a pure-play Internet-of-Things (IoT) solution provider following corporate exercises completed in 2023. On 19 May 2023, the company divested its education subsidiary SMR Education Sdn Bhd for RM49.55 million, and on 30 March 2023 disposed of SMR Properties Management Sdn Bhd. On 18 May 2023, SMRT acquired the remaining 36% equity interest in IoT subsidiary N'osairis Technology Solutions Sdn Bhd for RM72.00 million, making it a 100% owned operating entity.在 2023 年完成企业重组后，SMRT Holdings Berhad 转型为纯物联网（IoT）解决方案提供商。2023 年 5 月 19 日，公司以 RM49.55 million 脱售教育子公司 SMR Education Sdn Bhd；2023 年 3 月 30 日，脱售了 SMR Properties Management Sdn Bhd。2023 年 5 月 18 日，SMRT 以 RM72.00 million 收购了物联网子公司 N’osairis Technology Solutions Sdn Bhd 剩余 36% 股权，使其成为持股 100% 的主要运营实体。
Source: annual report 2023, pages 4, 5, 19, 57.出处：2023 年年报第 4、5、19、57 页。
The group provides managed connectivity and IoT services, with managed sites increasing from 21,400 at end June 2023 to more than 25,500 in June 2024 and over 28,000 active sites as at 30 June 2025. Over half of total revenue is derived from recurring managed service contracts. In Malaysia, the group entered the water utility sector with a contract from Pengurusan Air Selangor, while regional expansion into Indonesia and the Philippines lifted overseas revenue to RM11.3 million in 2025 from RM9.9 million in FY2024.集团提供托管连接和物联网服务，管理站点由 2023 年 6 月底的 21,400 个增加至 2024 年 6 月的逾 25,500 个，并于 2025 年 6 月 30 日达到超过 28,000 个活跃站点。总营业额中有一半以上来自经常性托管服务合约。在马来西亚，集团获得 Pengurusan Air Selangor 合约进入水务领域；在印尼与菲律宾的区域拓展使海外营业额从 2024 财政年的 RM9.9 million 增至 2025 年的 RM11.3 million。
Source: annual report 2024, pages 5, 18; annual report 2025, pages 4, 19.出处：2024 年年报第 5、18 页；2025 年年报第 4、19 页。
The group relies on large customers in the technology segment. In 2023, one customer contributed RM64,579,927, representing equal or more than 84% of group technology revenue. In 2024, one customer accounted for RM47,646,000 (more than 10% of group revenue), and in 2025 two customers contributed RM59,197,000 (each exceeding 10% of group revenue). Major clients include Tenaga Nasional Berhad in Malaysia and Perusahaan Litrik Negara in Indonesia.集团在技术部门依赖大客户。2023 年，单一客户贡献 RM64,579,927，占集团技术营业额 84% 或以上。2024 年，单一客户贡献 RM47,646,000（占集团营业额 10% 以上）；2025 年，两家客户合计贡献 RM59,197,000（各占集团营业额 10% 以上）。主要客户包括马来西亚的国家能源（Tenaga Nasional Berhad）及印尼的国家电力公司（Perusahaan Litrik Negara）。
Source: annual report 2023, pages 6, 175; annual report 2024, page 133; annual report 2025, page 113.出处：2023 年年报第 6、175 页；2024 年年报第 133 页；2025 年年报第 113 页。
Puan Sri Datin Kamatchi @ Valliammai A/P Malayandi is deemed interested in 132,293,787 shares (29.053%) in 2025, which includes 71,589,272 shares (15.722%) held by Special Flagship Holdings Sdn Bhd and the holdings of her husband Tan Sri Dato' Dr R Palan. Tan Sri Dato' Dr R Palan is the father of Group Managing Director Maha Ramanathan Palan. As at 30 June 2025, 3,880,184 shares (0.85%) were held in a pledged securities account for Maha Ramanathan Palan under CGS International Nominees Malaysia (Tempatan) Sdn Bhd (increased from 2,985,138 shares, 0.66% in 2024). Other substantial holders in 2025 include the Employees Provident Fund Board with 38,522,700 shares (8.46%) and Urusharta Jamaah Sdn. Bhd. with 35,937,500 shares (7.89%).Puan Sri Datin Kamatchi @ Valliammai A/P Malayandi 于 2025 年被视作持有 132,293,787 股（29.053%），其中包括 Special Flagship Holdings Sdn Bhd 持有的 71,589,272 股（15.722%）及其丈夫 Tan Sri Dato’ Dr R Palan 的持股。Tan Sri Dato’ Dr R Palan 是集团董事经理 Maha Ramanathan Palan 的父亲。截至 2025 年 6 月 30 日，CGS International Nominees Malaysia (Tempatan) Sdn Bhd 为 Maha Ramanathan Palan 设立的抵押证券账户持有 3,880,184 股（0.85%），较 2024 年的 2,985,138 股（0.66%）增加。2025 年其他主要股东包括雇员公积金局（Employees Provident Fund Board）持有 38,522,700 股（8.46%）及 Urusharta Jamaah Sdn. Bhd. 持有 35,937,500 股（7.89%）。
Source: annual report 2024, page 153; annual report 2025, pages 13, 132, 133, 134.出处：2024 年年报第 153 页；2025 年年报第 13、132、133、134 页。
Leadership changed during the period. Tan Sri Dato' Dr R Palan was redesignated from Chairman to Non-Independent Non-Executive Director on 4 January 2023, and Adjunct Professor Subramanian A/L Amamalay became Non-Independent Non-Executive Chairman. On 8 September 2025, Tan Sri Datuk Seri Dr Mazlan Bin Yusoff was appointed Independent Non-Executive Chairman, while Subramanian A/L Amamalay was redesignated as Non-Independent Non-Executive Director. Au Wong Lian was appointed as Group Chief Executive Officer on 8 November 2024.期内领导层发生变动。Tan Sri Dato’ Dr R Palan 于 2023 年 1 月 4 日由主席调任为非独立非执行董事，由 Adjunct Professor Subramanian A/L Amamalay 接任非独立非执行主席。2025 年 9 月 8 日，Tan Sri Datuk Seri Dr Mazlan Bin Yusoff 获委任为独立非执行主席，Subramanian A/L Amamalay 调任为非独立非执行董事。Au Wong Lian 先生于 2024 年 11 月 8 日获委任为集团首席执行员。
Source: annual report 2023, pages 7, 31; annual report 2025, pages 4, 33, 34.出处：2023 年年报第 7、31 页；2025 年年报第 4、33、34 页。
Revenue by product and service, 20232023 年按产品与服务划分的营业额
Source: annual report 2023, page 160.出处：2023 年年报第 160 页。
Major events大事记
Source: annual report 2023, page 57.出处：2023 年年报第 57 页。
Source: annual report 2023, pages 4, 19.出处：2023 年年报第 4、19 页。
Source: annual report 2023, pages 4, 19, 57.出处：2023 年年报第 4、19、57 页。
Source: annual report 2023, pages 5, 51.出处：2023 年年报第 5、51 页。
Source: annual report 2024, page 4.出处：2024 年年报第 4 页。
Source: annual report 2024, page 100.出处：2024 年年报第 100 页。
Source: annual report 2025, pages 14, 34.出处：2025 年年报第 14、34 页。
Source: annual report 2025, pages 4, 33.出处：2025 年年报第 4、33 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, equity and borrowings资产、权益与借款
20232023 年
For the 18-month period ended 30 June 2023, net cash from operating activities was RM71.79 million. The education subsidiary SMR Education Sdn Bhd was sold for RM49.55 million, while SMRT acquired non-controlling interest in N'osairis Technology Solutions Sdn Bhd for RM72.00 million. Purchase of property, plant and equipment took RM44.8 million. Proceeds from subscription of ordinary shares by non-controlling interest were RM25.0 million. Outflows included term loan repayments of RM20.1 million, lease liabilities repayments of RM25.3 million, and interest paid of RM11.2 million. Discontinued operations recorded a loss of approximately RM 17.55 million. No dividend was recommended or paid.截至 2023 年 6 月 30 日止 18 个月期间，营运活动所得现金净额为 RM71.79 million。教育子公司 SMR Education Sdn Bhd 以 RM49.55 million 脱售，SMRT 以 RM72.00 million 收购 N’osairis Technology Solutions Sdn Bhd 的非控股权益。购置物业、厂房与设备支出 RM44.8 million。非控股权益认购普通股所得款项为 RM25.0 million。现金流出包括偿还定期贷款 RM20.1 million、偿还租赁负债 RM25.3 million 以及支付利息 RM11.2 million。已终止业务录得亏损约 RM 17.55 million。公司未建议亦未派发股息。
Source: annual report 2023, pages 4, 5, 19, 58, 76.出处：2023 年年报第 4、5、19、58、76 页。
20242024 年
In the financial year ended 30 June 2024, net cash from operating activities was RM9.7 million. Investing activities included RM2.6 million for purchase of property, plant and equipment and RM19.0 million placed in short-term investments, while RM8.6 million was received from short-term investments. The company entered into an agreement to dispose of its 55% equity interest in Talentoz for RM1. Financing cash outflows included term loan repayments of RM0.8 million, lease liabilities repayments of RM0.1 million, and interest paid of RM0.7 million. Under the share grant plan, 7,720,276 shares vested. No dividend was recommended or paid.截至 2024 年 6 月 30 日止财政年度，营运活动所得现金净额为 RM9.7 million。投资活动包括购置物业、厂房与设备支出 RM2.6 million 及存放短期投资 RM19.0 million，同时收回短期投资 RM8.6 million。公司订立协议以 RM1 脱售 Talentoz 的 55% 股权。融资现金流出包括偿还定期贷款 RM0.8 million、偿还租赁负债 RM0.1 million 以及支付利息 RM0.7 million。在股份授予计划下，7,720,276 股股份归属。公司未建议亦未派发股息。
Source: annual report 2024, pages 58, 60, 79, 100.出处：2024 年年报第 58、60、79、100 页。
20252025 年
In the financial year ended 30 June 2025, net cash from operating activities was RM15.1 million. Investing activities included RM1.2 million for purchase of property, plant and equipment, RM8.6 million placed in short-term investments, and RM0.7 million for purchase of other investment. Cash and cash equivalents together with short-term investments reached RM32.5 million as at 30 June 2025. Financing cash outflows included term loan repayments of RM0.8 million, lease liability repayments of RM0.1 million, and interest paid of RM0.6 million. During the year, 2,395,046 shares vested under the share grant plan. No dividend was recommended or paid.截至 2025 年 6 月 30 日止财政年度，营运活动所得现金净额为 RM15.1 million。投资活动包括购置物业、厂房与设备支出 RM1.2 million、存放短期投资 RM8.6 million，以及购买其他投资 RM0.7 million。截至 2025 年 6 月 30 日，现金及现金等价物连同短期投资达 RM32.5 million。融资现金流出包括偿还定期贷款 RM0.8 million、偿还租赁负债 RM0.1 million 以及支付利息 RM0.6 million。年内在股份授予计划下有 2,395,046 股股份归属。公司未建议亦未派发股息。
Source: annual report 2025, pages 5, 59, 60, 76.出处：2025 年年报第 5、59、60、76 页。
Across the three years三年合看
Across the three reports, net cash from operating activities totaled RM71.8 million in the 18-month 2023 period, RM9.7 million in 2024, and RM15.1 million in 2025. Loans and borrowings declined from RM11.4 million in 2023 to RM10.6 million in 2024 and RM9.8 million in 2025. Total equity grew from RM39.5 million at 30 June 2023 to RM68.5 million in 2024 and RM94.5 million in 2025. From 15,150,640 shares offered under the share grant plan implemented on 28 June 2023, 7,720,276 shares vested in 2024 and 2,395,046 shares vested in 2025. No dividend was paid or declared across the three reports.三份年报合看，营运活动所得现金净额在 2023 年 18 个月期间为 RM71.8 million，2024 年为 RM9.7 million，2025 年为 RM15.1 million。贷款与借款由 2023 年的 RM11.4 million 降至 2024 年的 RM10.6 million 及 2025 年的 RM9.8 million。总权益由 2023 年 6 月 30 日的 RM39.5 million 增至 2024 年的 RM68.5 million 及 2025 年的 RM94.5 million。2023 年 6 月 28 日生效的股份授予计划提供的 15,150,640 股股份中，有 7,720,276 股于 2024 年归属，2,395,046 股于 2025 年归属。三份年报期间均未派发或宣派股息。
Source: annual report 2023, pages 51, 58; annual report 2024, pages 58, 60; annual report 2025, pages 59, 60.出处：2023 年年报第 51、58 页；2024 年年报第 58、60 页；2025 年年报第 59、60 页。
Still to be spent尚未支出的资金
No proceeds were raised from any corporate proposal in the financial period ended 30 June 2023 or the financial years ended 30 June 2024 and 30 June 2025.截至 2023 年 6 月 30 日止财政期间以及截至 2024 年 6 月 30 日和 2025 年 6 月 30 日止财政年度，均未通过任何企业提案募集资金。
Source: annual report 2023, page 57; annual report 2024, page 58; annual report 2025, page 58.出处：2023 年年报第 57 页；2024 年年报第 58 页；2025 年年报第 58 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 | 50,351 | 87,718 | 69,089 | 68,097 |
| Profit before tax税前盈利 | 12,093 | 17,562 | 26,204 | 27,924 |
| Profit/(Loss) for the year年度盈利/（亏损） | 9,387 | (223) | 26,039 | 27,676 |
| Net cash from operating activities营运活动所得现金净额 | 44,788 | 71,797 | 9,721 | 15,071 |
| Purchase of property, plant and equipment购置物业、厂房与设备 | (2,545) | (44,836) | (2,560) | (1,159) |
| Total assets总资产 | 484,720 | 61,449 | 85,297 | 111,640 |
| Total liabilities总负债 | 281,016 | 21,964 | 16,749 | 17,152 |
| Total equity总权益 | 203,704 | 39,485 | 68,548 | 94,488 |
| Loans and borrowings贷款与借款 | 19,452 | 11,368 | 10,584 | 9,800 |
| Cash and bank balances现金与银行结余 | 28,789 | 16,296 | 10,918 | 12,564 |
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 |
|---|---|---|
| SGP shares offered to eligible directors and employees will vest over the next three years (2023)向符合资格的董事和员工提供的股份授予计划股份将在未来三年内归属（2023 年） | 7,720,276 shares vested in FY2024 and 2,395,046 shares vested in FY2025.2024 财政年有 7,720,276 股归属，2025 财政年有 2,395,046 股归属。 Source: annual report 2023, page 5; annual report 2024, page 58; annual report 2025, page 59.出处：2023 年年报第 5 页；2024 年年报第 58 页；2025 年年报第 59 页。 | Still in progress进行中 |
| To enter and replicate regional success in other neighbouring nations (2023)进军其他具有相似增长特征的邻国并复制区域成功经验（2023 年） | A project in the Philippines was secured on 4 March 2024, achieving its first full year of revenue and its first full-year profit in FY2025.于 2024 年 3 月 4 日获得菲律宾项目，并在 2025 财政年取得首个全年度营业额贡献及首个全年度盈利。 Source: annual report 2023, page 6; annual report 2024, page 4; annual report 2025, pages 5, 20.出处：2023 年年报第 6 页；2024 年年报第 4 页；2025 年年报第 5、20 页。 | Carried out已执行 |
| To diversify the IoT service portfolio into additional verticals through research and development (2023)通过研发将物联网服务组合拓展至更多行业垂直领域（2023 年） | The group entered the water utility sector in FY2024 with a contract from Pengurusan Air Selangor, and developed water pollution sensor and telemetry unit solutions in FY2025.集团于 2024 财政年通过获得 Pengurusan Air Selangor 合约进入水务领域，并于 2025 财政年开发了水质异味污染传感器及遥测单元解决方案。 Source: annual report 2023, page 6; annual report 2024, page 18; annual report 2025, page 26.出处：2023 年年报第 6 页；2024 年年报第 18 页；2025 年年报第 26 页。 | Carried out已执行 |
| All current directors must complete the Mandatory Accreditation Program Part II within 24 months from 1 August 2023 (2023)所有现任董事须自 2023 年 8 月 1 日起的 24 个月内完成强制认证计划第二部分（2023 年） | In the 2025 report, all current directors had completed MAP Part II, except newly appointed director Tan Sri Datuk Seri Dr Mazlan Bin Yusoff.在 2025 年年报中，除新委任董事 Tan Sri Datuk Seri Dr Mazlan Bin Yusoff 外，所有现任董事均已完成强制认证计划第二部分。 Source: annual report 2023, page 37; annual report 2025, page 38.出处：2023 年年报第 37 页；2025 年年报第 38 页。 | Carried out已执行 |
| Actively working towards obtaining ISO/IEC 27001:2013 Information Security Management System certification (2023)积极争取获得 ISO/IEC 27001:2013 信息安全管理体系认证（2023 年） | The 2024 and 2025 reports do not mention obtaining the certification; cybersecurity initiatives and multi-factor authentication were introduced in FY2025.2024 和 2025 年年报未提及获得该项认证；2025 财政年引入了网络安全举措和多重身份验证。 Source: annual report 2023, page 24; annual report 2025, page 25.出处：2023 年年报第 24 页；2025 年年报第 25 页。 | Not mentioned again未再提及 |
What the reports leave open年报留下待看的事
- The pioneer status of operating subsidiary N'osairis Technology Solutions Sdn Bhd, a 100% tax exemption on income from approved activities, ran until 4 November 2025.营运子公司 N’osairis Technology Solutions Sdn Bhd 的先驱地位（核准业务所得 100% 免税）有效期至 2025 年 11 月 4 日。
Source: annual report 2025, page 107.出处：2025 年年报第 107 页。
- Two major customers contributed RM59,197,000 to technology segment revenue in 2025, out of total revenue of RM68,097,000.2025 年两家主要客户为技术部门贡献营业额 RM59,197,000，占总营业额 RM68,097,000 的大部分。
Source: annual report 2025, pages 111, 113.出处：2025 年年报第 111、113 页。
- Shareholder approval was sought to grant ordinary shares under the SGP to Group Chief Executive Officer Au Wong Lian.公司寻求股东批准在股份授予计划下向集团首席执行员 Au Wong Lian 授予普通股。
Source: annual report 2025, pages 138, 143.出处：2025 年年报第 138、143 页。
- Trade receivables more than 120 days past due stood at RM15.0 million at 30 June 2025, out of total trade receivables of RM30.5 million, alongside RM17.5 million of contract assets.截至 2025 年 6 月 30 日，逾期超过 120 天的贸易应收款项达 RM15.0 million，占贸易应收款项总额 RM30.5 million 的近半，另有合约资产 RM17.5 million。
Source: annual report 2025, page 119.出处：2025 年年报第 119 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。