$KRONO / 0176 (KRONOLOGI ASIA BERHAD) Q1FY25 Performance

📌 Total revenue for the quarter was RM 57.75 million, an 8.4% decrease compared to RM 63.03 million in the same period last year.

📌 Major revenue contributions came from Singapore, China, and the Philippines, accounting for 84.8% of the overall revenue.

📌 The company's revenue is comprised of two segments: EDM Infrastructure Technology (70.7%) and EDM As-A-Service (29.3%).

📌 Gross profit for the quarter was RM 14.46 million, down from RM 15.3 million in the same period last year.

📌 Profit before tax was RM 1.15 million, a significant decline from RM 3.39 million in the previous year.

📌 Net profit for the quarter was RM 1.44 million, compared to RM 2.55 million last year.

📌 Net cash position for this quarter is RM63.9 million, which translates to a net cash per share of RM0.07.

📌 The company's customer retention and engagement metrics remained strong, as evidenced by the stable gross margin during the period, as it collaborated with customers to navigate the uneven economic recovery and planned IT spending over the coming quarters.

📌 Additionally, the company is retooling its balance sheet structure and strategically aligning its investments to position KRONO for long-term agility while meeting the increasing demand for enterprise-wide generative AI acceleration.