Vstecs Bhd. · MYX:VSTECS
Vstecs Bhd — Q1 2026 Earnings Presentation
11 slides from Vstecs Bhd's earnings presentation, May 14, 2026
Slide 1: 1Q FY26 Results Briefing
1Q FY26 RESULTS BRIEFING
Slide 2: Key Highlights
KEY HIGHLIGHTS Best 1Q Performance All Segment Growth AI/DC Traction Sustained momentum with Continued double digit YoY Increasing contribution from quarterly revenue above the revenue growth across all AI related infrastructure for RM1 billion mark business segments DCs PAT surge 29% YoY continuing
Slide 3: ICT Distribution
ICT DISTRIBUTION 1Q FY26 PERFORMANCE Strong double-digit YoY growth (+40%), lower margins due to rebate 37% timing. 37% 1Q FY26 revenue contribution Device prices increased by >30% due to memory chip crunch - some consumers purchased before the price increase & retailers stocked up. Consumer product
Slide 4: Enterprise Systems
ENTERPRISE SYSTEMS 1Q FY26 PERFORMANCE Key growth driver with revenue surging 75% YoY and 9% QoQ, lower 51 margins due to product mix. % 1Q FY26 Public sector contributions continue to be strong with major order revenue fulfillments in the first quarter. contribution AI/DC infrastructure contributio
Slide 5: ICT Services
ICT SERVICES 11% 1Q FY26 PERFORMANCE Maintained double-digit growth of +11% YoY with lower margin from higher cloud subscription contribution % 1Q FY26 revenue We are the largest cloud aggregator in Malaysia 11 contribution Cloud subscription revenue now circa 20% of segment revenue with potential t
Slide 6: 1Q FY26 Financial Summary
1Q FY26 FINANCIAL SUMMARY REVENUE GROSS PROFIT PROFIT AFTER TAX RM mil RM mil RM mil 1,105.7 1,046.9 13% 11% 70.9 34.8 691.7 15% 56.4 45% 52% 16% 46.9 13% 22.9 17% 62% 17.8 44% 66% 63% 42% 37% 40% 23% 21% 20% 1Q FY25 4Q FY25 1Q FY26 1Q FY25 4Q FY25 1Q FY26 1Q FY25 4Q FY25 1Q FY26 YoY +51% QoQ -5% Yo
Slide 7: Dividends & Balance Sheet
DIVIDENDS & BALANCE SHEET 39% 39% Dividend quantum 37% 37% Dividend Payout Ratio 38.5 +40% 35% in FY2025 14.3 27.5 2.9 Net cash position 23.5 20.3 22.1 RM223.1 mil 1.8 as at 31 Mar 2026 23.5 24.6 24.2 22.1 18.5 Current Ratio 1.9x as at 31 Mar 2026 FY21 FY22 FY23 FY24 FY25 Dividends (RM mil)
Slide 8: Working Capital Cycle
WORKING CAPITAL CYCLE Debtor days Creditor days Inventory days 49.5 50.1 38.8 33.1 30.9 24.2 1Q FY25 1Q FY26 Cash conversion Cash conversion 47.3 days 35.6 days
Slide 9: Market Updates
MARKET UPDATES ACCELERATING GLOBAL AI TOKENISATION TREND MALAYSIA’S JOURNEY IS JUST INVESTMENTS DRIVING AI CONSUMPTION STARTING Major technology companies are AI monetisation increasingly shifting Sovereign AI and enterprise investing hundreds of billions into AI to ‘token economics’ rather than dig
Slide 10: Key Take-aways
KEY TAKE-AWAYS Growth Trajectory Remains Intact Enterprise Segment as Key Driver Confident of delivering growth across all Public sector projects and AI related business segments in FY2026 based on infrastructure deployments are expected to current visibility, barring significant economic remain the
Slide 11: Thank You
THANK YOU 4Q 2025 PERFORMANCE