Business UpdateJun 18, 2026, 08:32 AM
Sagtec Global forecasts FY2026 Revenue +35% to $25.78M; Net Profit +22%
AI Summary
Sagtec Global announced its FY2026 financial outlook, projecting a 35% increase in revenue to $25.78 million and a 22% rise in net profit to $2.19 million. The company expects growth from its core technology business, the expansion of Malaya Heritage with four new outlets, and the recognition of approximately $3.0 million in secured projects. CEO Ng Chen Lok's participation in a private placement of 1,500,000 Class A Ordinary Shares further enhances financial flexibility and demonstrates confidence in the company's strategy.
Key Highlights
- Sagtec Global forecasts FY2026 Revenue of $25,782,715, a 35% increase from FY2025.
- FY2026 Gross Profit is projected to be $6,723,265, up 55% from FY2025.
- Net Profit for FY2026 is expected to reach $2,191,530, a 22% increase from FY2025.
- The company expects to recognize approximately $3.0 million in secured project revenue in FY2026.
- Sagtec plans to open four additional Malaya Heritage outlets in Q3 and Q4 FY2026.
- CEO Ng Chen Lok will purchase 1,500,000 Class A Ordinary Shares in a private placement.
- Sagtec was appointed as the AI technology solutions provider for the Stateight housing development project.
Price Impact
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