CTOS Digital eyes regional growth; revenue hits record high in FY24

KUALA LUMPUR: CTOS Digital Bhd, with its low net gearing of 0.23 times, is actively exploring regional opportunities and remains well-positioned to capitalise on growth prospects.

“We remain committed to solidifying our presence in Asean’s

credit reporting market and further strengthening our foothold,” executive director and group chief executive officer Erick Hamburger said in a statement.

He noted that its FinScore brand in Indonesia and the Philippines was performing well, with new opportunities identified to enhance customer value.

“Leveraging our experience in Malaysia, we are developing new products tailored for these markets. Having successfully onboarded almost 100 customers across Indonesia and the Philippines, we are poised to scale further in 2025,” he added.

In the fourth quarter ended Dec 31, CTOS saw its net profit tumble 42.2% to RM32.4mil against RM56mil in the year-ago quarter, translating into earnings per share of 1.40 sen from 2.40 sen previously.

Revenue for the quarter rose 5% to RM76.8mil compared with RM73.1mil last year.

For the full financial year ended Dec 31, it posted a net profit of RM106.3mil, down 10%, while revenue climbed 16.6% to RM304.7mil—a new all-time high since its initial public offering in 2021—up from RM261.4mil previously.

CTOS declared a fourth interim single-tier dividend of 0.99 sen per share for the three months ended Dec 31, 2024, payable on April 30. This brings the total FY2024 dividend payout to RM75.1mil, with a 71% payout ratio.