DealsMay 8, 2026, 04:37 PM
ARB IOT Group Secures $98M AI Server Deals, $33M Recurring Palm Farming Revenue
AI Summary
ARB IOT Group Ltd announced significant strategic expansions, including securing major AI server supply deals totaling approximately $98 million with GKSB and Whizzl Group. Additionally, the company secured new orders for its AI smart IoT palm farming system across 5,000 acres in Sabah, Malaysia, expected to generate $33 million in yearly recurring revenue. For the six months ended December 31, 2025, the company reported unaudited consolidated revenue of RM 150.4 million (USD 36.99 million) and a net loss of RM 14.67 million (USD 3.61 million), a significant reduction from the RM 27.53 million loss in the prior year period.
Key Highlights
- Secured AI server supply deal worth approximately $45 million with GKSB.
- Secured another AI data center server contract worth approximately $53 million with Whizzl Group.
- Secured order for AI smart IoT palm farming system across 3,000 acres, expected to generate $20 million yearly recurring revenue.
- Secured additional order for AI smart IoT palm farming system across 2,000 acres, expected to generate $13 million yearly recurring revenue.
- H1 2026 revenue increased to RM 150.4 million (USD 36.99 million) from RM 82.65 million in H1 2025.
- H1 2026 net loss reduced to RM 14.67 million (USD 3.61 million) from RM 27.53 million in H1 2025.
- H1 2026 gross profit was RM 1.87 million (USD 0.46 million).
- H1 2026 basic loss per share was RM 8.31 (USD 2.04).