From GlobeNewswire: 2025-04-30 08:15:00

Sagtec Global Limited (NASDAQ: SAGT) announces record high revenue of US$11.6 million for fiscal year 2024, with a 78% YoY growth. Gross profit also surged by 49% to US$2.8 million, driven by strong market adoption of Speed+ smart ordering and QR ordering systems.

Revenue for fiscal year 2024 increased by 78% to US$11.6 million, with service revenue growing by 122% to US$6.8 million and tangible product revenue increasing by 50% to US$4.8 million. The company saw a strategic shift away from rentals to focus on direct machine sales for higher margins.

EBITDA for fiscal year 2024 was US$2.1 million, reflecting a 17.7% margin of revenue, a 60% increase from the previous year. Net income for 2024 was US$1.6 million, showing a US$0.6 million increase. Operating income also rose by 55% to US$2.1 million.

Basic and diluted earnings per share for fiscal year 2024 were US$0.14, a 56% increase from the previous year. Net cash generated from operating activities increased by 134% to US$1.3 million, while cash and cash equivalents stood at US$82 thousand as of December 31, 2024.

Sagtec Global Limited is a leading provider of customizable software solutions, catering primarily to the Food & Beverage sector. The company also offers software development, data management, and operates power-bank charging stations at 300 locations across Malaysia through its subsidiary.



Read more at GlobeNewswire:: Sagtec Global Limited Achieves Strong Fiscal Year 2024