DailySpaceBursa Malaysia companies, read from their annual reports从年报读懂大马上市公司

Mesiniaga Berhad

5011 · Main Market主板(Main Market) · annual reports 2023 to 2025, 1200 entries read2023 至 2025 年报,共读出 1200 条

Revenue, 20252025 年营业额RM231.9m2.32亿令吉up 28.6% from比 2024 年增加 28.6%,当年为 RM180.4m1.80亿令吉 in 2024
Profit/(Loss) for the financial year, 20252025 年本年度盈利/(亏损)RM11.9m1.19千万令吉2024:2024 年: –RM3.95m–395万令吉
Net cash generated from/(used in) operating activities, 20252025 年营运活动所得/(所用)现金净额–RM17.8m–1.78千万令吉up 91.2% from比 2024 年增加 91.2%,当年为 –RM9.32m–932万令吉 in 2024
Total borrowings, 20252025 年总借款RM62.7m6.27千万令吉up 366.7% from比 2024 年增加 366.7%,当年为 RM13.4m1.34千万令吉 in 2024

The company这家公司

Mesiniaga Berhad is an information technology company whose revenue arises mainly from the sales of network hardware and software, maintenance services, extended warranty services, consulting and IT services. It has only one reportable segment based on the information reviewed by the Chief Executive Officer.Mesiniaga Berhad 是一家信息技术公司,营业额主要来自网络硬件与软件销售、维修服务、延长保修服务、咨询以及 IT 服务。根据首席执行官审阅的信息,只有单一可报告部门。

Source: annual report 2023, page 91.出处:2023 年年报第 91 页。

In 2025, support and maintenance services contributed RM117.4 million, software licences RM41.3 million, and hardware sales RM32.8 million, with RM157.7 million recognised over time. Revenue concentration included one major customer contributing approximately RM49 million or 21% of revenue in 2025, compared with one major customer contributing approximately RM23 million or 13% in 2024.2025 年,支持与维护服务营业额为 RM117.4 million,软件许可贡献 RM41.3 million,硬件销售带来 RM32.8 million,随时间确认的营业额为 RM157.7 million。集团存在客户集中度,2025 年单一主要客户贡献约 RM49 million 或营业额的 21%,而 2024 年单一主要客户贡献约 RM23 million 或 13%。

Source: annual report 2025, pages 106, 129, 130.出处:2025 年年报第 106、129、130 页。

The transition from traditional ICT infrastructure services toward higher-margin application development and managed services is central to the group's long-term strategy. An AI Centre of Excellence was formed in 2023, and the company has developed AI solutions such as Minits and Suaramu, while its SWIFT Framework reduced custom application development timelines by about 30%.从传统 ICT 基础设施服务转型为较高利润率的应用程序开发和托管服务,是集团长期战略的核心。公司于 2023 年设立了人工智能卓越中心,并已开发包括 Minits 和 Suaramu 在内的人工智能解决方案,并采用其专有的 SWIFT 框架将定制应用程序开发周期缩短约 30%。

Source: annual report 2023, pages 11, 25; annual report 2025, pages 9, 10, 13.出处:2023 年年报第 11、25 页;2025 年年报第 9、10、13 页。

Shapadu Capital Sdn. Bhd. held 16,879,800 shares (27.946%) in 2023, 16,972,700 shares (28.100%) in 2024, and 17,142,300 shares (28.380%) in 2025. Fathil Sulaiman Bin Ismail held 7,747,927 shares (12.827%) in 2023 and 2024, rising to 8,217,927 shares (13.605%) in 2025. Safiah Sulaiman Binti Ismail held 5,012,041 shares (8.298%) across all three years. Fathil Ismail has a kin relationship with Safiah Ismail.Shapadu Capital Sdn. Bhd. 在 2023 年持股 16,879,800 股(27.946%),2024 年持股 16,972,700 股(28.100%),2025 年持股 17,142,300 股(28.380%)。Fathil Sulaiman Bin Ismail 在 2023 年和 2024 年持股 7,747,927 股(12.827%),2025 年增至 8,217,927 股(13.605%)。Safiah Sulaiman Binti Ismail 在三年中均持股 5,012,041 股(8.298%)。Fathil Ismail 与 Safiah Ismail 存在亲属关系。

Source: annual report 2023, pages 22, 135; annual report 2024, page 160; annual report 2025, pages 15, 161.出处:2023 年年报第 22、135 页;2024 年年报第 160 页;2025 年年报第 15、161 页。

Pledged securities accounts include Teh Swee Heng with 585,000 shares (0.969%) and Muhamad Aloysius Heng with 944,000 shares (1.563%) across the three years, and Keng Chin Eng with 395,900 shares (0.655%) in 2024 and 622,400 shares (1.030%) in 2025. Voon Seng Chuan retired on 4 June 2024, Dr. Veerinderjeet Singh was appointed on 1 August 2024, Dato' Darawati Hussain retired on 5 June 2025, and Datuk Noor Azian Shaari ceased on 1 July 2025. ST Chua was appointed Deputy Chief Executive Officer on 3 November 2025.抵押证券账户包括三年中均持股的 Teh Swee Heng(585,000 股,0.969%)与 Muhamad Aloysius Heng(944,000 股,1.563%),以及 Keng Chin Eng 在 2024 年持股 395,900 股(0.655%)、2025 年持股 622,400 股(1.030%)。Voon Seng Chuan 于 2024 年 6 月 4 日退休,Dr. Veerinderjeet Singh 于 2024 年 8 月 1 日获委任,Dato' Darawati Hussain 于 2025 年 6 月 5 日退休,Datuk Noor Azian Shaari 于 2025 年 7 月 1 日离任。ST Chua 于 2025 年 11 月 3 日获委任为副首席执行官。

Source: annual report 2023, page 135; annual report 2024, pages 8, 22, 161; annual report 2025, pages 6, 24, 162.出处:2023 年年报第 135 页;2024 年年报第 8、22、161 页;2025 年年报第 6、24、162 页。

Revenue by contract type, 20232023 年各类合同营业额占比

Services: 51.9%Hardware and software: 48.1%
Services 51.9%服务 51.9%Hardware and software 48.1%硬件与软件 48.1%

Source: annual report 2023, page 107.出处:2023 年年报第 107 页。

Major events大事记

2023The High Court ruled in favour of the company in a dispute with Amanah Raya Berhad, awarding RM6,638,396 plus costs of RM200,000.高等法院在与 Amanah Raya Berhad 的纠纷中裁定公司胜诉,判给 RM6,638,396 及诉讼费 RM200,000。

Source: annual report 2023, page 132.出处:2023 年年报第 132 页。

2024Amanah Raya Berhad remitted RM6,879,183 and withdrew its appeal; the company recorded a gain of RM5,084,000 net of settlement of associated costs and expenses.Amanah Raya Berhad 汇出 RM6,879,183 并撤回上诉;公司扣除相关成本与费用结算后录得收益 RM5,084,000。

Source: annual report 2024, page 158.出处:2024 年年报第 158 页。

2024Voon Seng Chuan retired from the Board on 4 June 2024, and Dr. Veerinderjeet Singh was appointed on 1 August 2024.Voon Seng Chuan 于 2024 年 6 月 4 日从董事会退休,Dr. Veerinderjeet Singh 于 2024 年 8 月 1 日获委任。

Source: annual report 2024, pages 8, 22.出处:2024 年年报第 8、22 页。

2025The company acquired the remaining shares of VA Dynamics Sdn. Bhd. for RM1,401,000 cash consideration on 15 May 2025.公司于 2025 年 5 月 15 日以 RM1,401,000 现金代价收购了 VA Dynamics Sdn. Bhd. 的剩余股份。

Source: annual report 2025, page 140.出处:2025 年年报第 140 页。

2025The company filed a claim in the Kuala Lumpur High Court against former employees and a vendor on 23 July 2025 for damages of RM2,986,677.公司于 2025 年 7 月 23 日向吉隆坡高等法院对前员工及一家供应商提起诉讼,索赔 RM2,986,677。

Source: annual report 2025, page 159.出处:2025 年年报第 159 页。

2025The company secured a RM135.58 million government contract from the Ministry of Finance and a RM251.89 million contract for maintenance and infrastructure support services for the government's accounting system.公司获得了财政部价值 RM135.58 million 的政府合同以及一份价值 RM251.89 million、为政府会计系统提供维护及基础设施支援服务的合同。

Source: annual report 2025, page 28.出处:2025 年年报第 28 页。

Revenue, profit and operating cash营业额、盈利与营运现金

Revenue营业额
2022
RM292.9m2.93亿令吉
2023
RM259.8m2.60亿令吉
2024
RM180.4m1.80亿令吉
2025
RM231.9m2.32亿令吉
Profit/(Loss) for the financial year本年度盈利/(亏损)
2022
RM6.69m669万令吉
2023
RM3.87m386万令吉
2024
–RM3.95m–395万令吉
2025
RM11.9m1.19千万令吉
Net cash generated from/(used in) operating activities营运活动所得/(所用)现金净额
2022
RM8.04m804万令吉
2023
RM7.56m756万令吉
2024
–RM9.32m–932万令吉
2025
–RM17.8m–1.78千万令吉

Assets, borrowings and equity总资产、总借款与总权益

Total assets总资产
2022
RM235.6m2.36亿令吉
2023
RM239.2m2.39亿令吉
2024
RM180.1m1.80亿令吉
2025
RM253.2m2.53亿令吉
Total borrowings总借款
2022
RM7.35m735万令吉
2023
RM10.8m1.08千万令吉
2024
RM13.4m1.34千万令吉
2025
RM62.7m6.27千万令吉
Total equity总权益
2022
RM118.1m1.18亿令吉
2023
RM117.6m1.18亿令吉
2024
RM111.0m1.11亿令吉
2025
RM121.3m1.21亿令吉

20232023 年

Revenue was RM259.8 million and profit after tax was RM3.9 million. Cash generated from operations was RM7.6 million, and purchase of property, plant and equipment was RM1.1 million. Drawings of borrowings were RM28,689,000 and repayments were RM24,924,000. Total borrowings closed at RM10,782,000. Dividends paid to shareholders were RM3,020,000. A High Court decision in a dispute with Amanah Raya Berhad awarded the company RM6,638,396 plus costs of RM200,000.营业额为 RM259.8 million,税后盈利为 RM3.9 million。营运活动所得现金为 RM7.6 million,购买物业、厂房及设备为 RM1.1 million。提取借款 RM28,689,000 并偿还 RM24,924,000。总借款收于 RM10,782,000。向股东派发股息 RM3,020,000。高等法院在与 Amanah Raya Berhad 的纠纷中裁定公司胜诉,判给 RM6,638,396 及诉讼费 RM200,000。

Source: annual report 2023, pages 10, 70, 77, 86, 128, 132.出处:2023 年年报第 10、70、77、86、128、132 页。

20242024 年

Revenue was RM180.39 million and loss after tax was RM3.95 million. Operations used cash of RM9.3 million, and purchase of property, plant and equipment was RM1.9 million. Drawdowns of bankers acceptance were RM40,448,000 and repayments were RM37,474,000. Total borrowings stood at RM13,426,000. Dividends paid to shareholders were RM1,510,000, while RM4,900,000 was paid to minority interest. Amanah Raya Berhad remitted RM6,879,183 and withdrew its appeal; the company recorded a gain of RM5,084,000 net of settlement of associated costs and expenses.营业额为 RM180.39 million,税后亏损为 RM3.95 million。营运活动使用现金 RM9.3 million,购买物业、厂房及设备为 RM1.9 million。银行承兑汇票提取 RM40,448,000,偿还 RM37,474,000。总借款为 RM13,426,000。向股东派发股息 RM1,510,000,向少数股东支付 RM4,900,000。Amanah Raya Berhad 汇出 RM6,879,183 并撤回上诉;公司扣除相关成本与费用结算后录得收益 RM5,084,000。

Source: annual report 2024, pages 11, 78, 96, 153, 158.出处:2024 年年报第 11、78、96、153、158 页。

20252025 年

Revenue was RM231.90 million and profit after tax was RM11.85 million. Cash used in operations was RM17.8 million, and RM1.4 million was spent on purchase of property, plant and equipment. Drawdown of bankers acceptance was RM88,426,000 and repayments were RM38,943,000. Total borrowings reached RM62,661,000. The group completed the acquisition of the remaining shares of VA Dynamics Sdn. Bhd. for cash consideration of RM1,401,000. No dividend was declared or paid.营业额为 RM231.90 million,税后盈利为 RM11.85 million。营运活动使用现金 RM17.8 million,购买物业、厂房及设备支出为 RM1.4 million。银行承兑汇票提取 RM88,426,000,偿还 RM38,943,000。总借款达 RM62,661,000。集团以 RM1,401,000 现金代价收购了 VA Dynamics Sdn. Bhd. 的剩余股份。年内未宣派或支付股息。

Source: annual report 2025, pages 9, 85, 97, 101, 140, 154.出处:2025 年年报第 9、85、97、101、140、154 页。

Across the three years三年合看

Total borrowings moved from RM7.3 million in 2022 to RM10.8 million in 2023, RM13.4 million in 2024, and RM62.7 million in 2025. Bank guarantees for performance bonds issued by the company were RM29,316,344 in 2023, RM26,740,370 in 2024, and RM29,768,257 in 2025. Cash and cash equivalents stood at RM52.3 million in 2022, RM58.9 million in 2023, RM42.9 million in 2024, and RM68.3 million in 2025. A building with a net book value of RM2,882,267 (2024: RM2,950,486; 2023: RM3,018,705) was charged to secure bank facilities.总借款从 2022 年底的 RM7.3 million 变动至 2023 年的 RM10.8 million、2024 年的 RM13.4 million 及 2025 年的 RM62.7 million。公司开出的履约保函银行担保在 2023 年为 RM29,316,344,2024 年为 RM26,740,370,2025 年为 RM29,768,257。现金与现金等价物在 2022 年为 RM52.3 million,2023 年为 RM58.9 million,2024 年为 RM42.9 million,2025 年为 RM68.3 million。账面净值为 RM2,882,267(2024 年:RM2,950,486;2023 年:RM3,018,705)的一栋建筑物已抵押用于银行信贷额度。

Source: annual report 2023, pages 114, 123; annual report 2024, pages 136, 147; annual report 2025, pages 138, 149.出处:2023 年年报第 114、123 页;2024 年年报第 136、147 页;2025 年年报第 138、149 页。

Still to be spent尚未支出的承诺

Amounts authorised and contracted for were RM1,085,000 in 2023, RM465,000 in 2024, and nil in 2025, while amounts authorised but not contracted for were RM208,000 in 2025. Undrawn banking facilities available for working capital stood at RM132.7 million in 2023, RM132.1 million in 2024, and RM79.6 million in 2025.已批准并签约的金额在 2023 年为 RM1,085,000,2024 年为 RM465,000,2025 年为零,而已批准但未签约的金额在 2025 年为 RM208,000。可用于营运资金的未动用银行信贷额度在 2023 年为 RM132.7 million,2024 年为 RM132.1 million,2025 年为 RM79.6 million。

Source: annual report 2023, pages 104, 132; annual report 2024, pages 125, 158; annual report 2025, pages 127, 159.出处:2023 年年报第 104、132 页;2024 年年报第 125、158 页;2025 年年报第 127、159 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2022202320242025
RM'000千令吉RM'000千令吉RM'000千令吉RM'000千令吉
Revenue营业额292,919259,795180,393231,898
Profit/(Loss) before taxation税前盈利/(亏损)6,4343,001(6,322)7,051
Profit/(Loss) for the financial year本年度盈利/(亏损)6,6923,865(3,954)11,852
Net cash generated from/(used in) operating activities营运活动所得/(所用)现金净额8,0437,560(9,320)(17,819)
Purchase of property, plant and equipment购买物业、厂房及设备(857)(1,058)(1,885)(1,407)
Dividend paid to shareholders已付股东股息(3,020)(3,020)(1,510)0
Total assets总资产235,558239,245180,080253,227
Total borrowings总借款7,34710,78213,42662,661
Cash and cash equivalents现金与现金等价物52,28558,91742,87468,309
Total equity总权益118,091117,645110,980121,281

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
Separation of Chairman and Chief Executive Officer positions planned (2023)计划分设主席与首席执行官职位(2023)The 2024 report noted the company was still planning to achieve the separation, and the 2025 report stated the Board commenced a structured process.2024 年报指出公司仍在计划实现分设,2025 年报表示董事会已启动结构化程序。

Source: annual report 2023, page 45; annual report 2024, page 53; annual report 2025, page 60.出处:2023 年年报第 45 页;2024 年年报第 53 页;2025 年年报第 60 页。

Still in progress仍在进行中
Proposed first and final single-tier dividend of RM0.025 per share amounting to RM1,510,050 for 2023建议派发 2023 年每股 RM0.025、总额 RM1,510,050 的首期兼终期单轨股息Declared on 29 February 2024 and paid on 3 July 2024.于 2024 年 2 月 29 日宣派并于 2024 年 7 月 3 日支付。

Source: annual report 2023, page 132; annual report 2024, page 78.出处:2023 年年报第 132 页;2024 年年报第 78 页。

Paid已派发
Expand sustainability efforts to include data collection and monitoring of Scope 3 emissions beginning in 2024自 2024 年起扩大可持续发展工作,纳入范畴三排放的数据收集与监测Tracking commenced in the first quarter of 2024, with data to be incorporated in the next report.已于 2024 年第一季度启动跟踪,相关数据将在下一份年报中公布。

Source: annual report 2023, page 30; annual report 2024, page 33; annual report 2025, page 36.出处:2023 年年报第 30 页;2024 年年报第 33 页;2025 年年报第 36 页。

Tracking started已启动跟踪
Sales expected to recover in the second half of 2025 as a determining factor in achieving profitability (2024)预计 2025 年下半年销售复苏,成为实现盈利的决定性因素(2024)Revenue was RM231.90 million in 2025 and profit after tax was RM11.85 million.2025 年营业额为 RM231.90 million,税后盈利为 RM11.85 million。

Source: annual report 2024, page 11; annual report 2025, page 9.出处:2024 年年报第 11 页;2025 年年报第 9 页。

Returned to profitability恢复盈利
Initiated the replacement of ageing lifts in Menara Mesiniaga (2024)启动 Menara Mesiniaga 老化电梯的更换工程(2024)The 2025 report stated safety improvement works were completed at Menara Mesiniaga.2025 年报表示 Menara Mesiniaga 的安全改善工程已完工。

Source: annual report 2024, page 12; annual report 2025, page 10.出处:2024 年年报第 12 页;2025 年年报第 10 页。

Unclear不明确

What the reports leave open年报留下待看的事

  • Outcome of the Kuala Lumpur High Court claim filed on 23 July 2025 against former employees and a vendor for damages of RM2,986,677.2025 年 7 月 23 日向吉隆坡高等法院对前员工及一家供应商提起索赔 RM2,986,677 诉讼的后续结果。

    Source: annual report 2025, page 159.出处:2025 年年报第 159 页。

  • Short-term banker acceptances rose to RM62,661,000 at end 2025 from RM13,178,000 in 2024, while undrawn bank facilities fell to RM79.6 million from RM132.1 million.短期银行承兑汇票在 2025 年底由 2024 年的 RM13,178,000 增至 RM62,661,000,而未动用银行信贷额度从 RM132.1 million 降至 RM79.6 million。

    Source: annual report 2024, pages 125, 153; annual report 2025, pages 127, 154.出处:2024 年年报第 125、153 页;2025 年年报第 127、154 页。

  • Structured process to separate the Chairman and Chief Executive Officer positions, and restoration of Board gender diversity following director retirements in 2025.主席与首席执行官职位分设的结构化程序推进,以及 2025 年董事退休后董事会性别多元化的恢复情况。

    Source: annual report 2025, pages 60, 64.出处:2025 年年报第 60、64 页。

Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-11-02.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 2026-11-02。