KUALA LUMPUR — MM Computer Systems Berhad (“MMCS” or “the Company”), an established Malaysian enterprise IT solutions provider, today officially launched its prospectus in conjunction with its initial public offering (“IPO”) ahead of its listing on the ACE Market of Bursa Malaysia Securities Berhad, scheduled for 11 June 2026.

Operating via its wholly-owned subsidiaries, Micro Technology Solution Sdn Bhd (MTS) and SMIND Sdn Bhd, MMCS supports mission-critical enterprise IT environments across IT infrastructure, networking and cybersecurity solutions.

The Group’s service offerings are complemented by recurring maintenance, technical support and IT outsourcing services, including resident engineers embedded within customer environments under ongoing service contracts. Its multi-brand capabilities also allow MMCS to customise enterprise IT solutions based on customers’ operational requirements, security considerations and budget priorities.

The Group maintains long-standing relationships with GLCs, enterprises and corporations across Malaysia. GLCs contributed 49.76% of the Group’s revenue in FYE2025, reflecting MMCS’s established presence within Malaysia’s enterprise and government-linked ecosystem.

For the FYE 31 December 2025, MMCS recorded revenue of RM98.68 million, representing an increase of 33.88% from RM73.71 million in FYE2024. Profit after tax attributable to owners of the Company rose 16.46% to RM10.12 million, while gross profit increased to RM21.00 million.

The Group’s revenue profile is supported by a combination of project-based implementation income as well as recurring maintenance, technical support and IT outsourcing engagements.

As at 13 April 2026, being the latest practicable date stated in the prospectus, the Group had 105 ongoing projects and multi-year support contracts with total unrecognised revenue of RM80.83 million. In addition, the Group is currently participating in various tenders with an aggregate estimated tender sum of RM127.13 million, which remain under evaluation.

The IPO entails a total offering of 166,344,500 ordinary shares, comprising public issue of 119,000,000 new shares and offer for sale of 47,344,500 existing shares.

Priced at RM0.22 per share, MMCS’s IPO implies a P/E multiple of approximately 12.29 times based on the Group’s audited FYE 2025 profit after tax attributable to owners of the Company of RM10.12 million.

The public issue is expected to raise gross proceeds of RM26.18 million. The IPO proceeds will primarily support the expansion of the Group’s project execution capabilities, including procurement of IT hardware and software, workforce expansion, capability development and partial repayment of bank borrowings.

Mr. Young Yoong Chang, Managing Director and CEO of MMCS, commented on the prospectus launch:

“This prospectus launch marks our transition into the capital markets supported by our track record in delivering enterprise IT and cybersecurity solutions for GLCs and enterprises across Malaysia.

Enterprise IT environments are becoming increasingly complex, distributed and security-sensitive. Over the past two decades, MMCS has built capabilities across IT infrastructure, networking, cybersecurity and IT outsourcing services to support customers’ long-term digital infrastructure requirements and mission-critical IT operations.

As enterprise digitalisation and cybersecurity requirements continue to evolve, we believe MMCS is well-positioned to support increasingly sophisticated IT environments across both the public and private sectors.”

The Group believes demand for enterprise IT infrastructure, cloud and cybersecurity solutions continues to be supported by increasing enterprise digitalisation initiatives, cloud adoption and heightened cybersecurity requirements across both the public and private sectors.

In line with this, the Independent Market Research Report forecasts Malaysia’s IT infrastructure and networking sector to grow at a compound annual growth rate (CAGR) of 18.5% between 2026 and 2028, with cloud services and cybersecurity solutions expected to record CAGRs of 20.0% and 15.9%, respectively.

Applications for the IPO open today, 11 May 2026, and will close at 5:00 p.m. on 25 May 2026. Balloting is scheduled for 28 May 2026, with the targeted listing on the ACE Market of Bursa Malaysia Securities Berhad set for 11 June 2026.

Malacca Securities Sdn Bhd is appointed as the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise, whereas SCS Global Advisory (M) Sdn Bhd is appointed as the Corporate Finance Adviser.