Sasbadi Holdings lands RM17.2mil textbook supply contract

PETALING JAYA: Sasbadi Holdings Bhd has secured a RM17.2mil contract from the Ministry of Education (MoE) to publish, print and supply textbook packages under the new school curriculum 2027.

In a filing with Bursa Malaysia, Sasbadi said its wholly-owned subsidiary Sasbadi Sdn Bhd (SSB) and its indirectly wholly-owned subsidiary, The Malaya Press Sdn Bhd, have inked five letters of acceptance from the MoE.

Sasbadi said the subjects secured by SSB include Geography Form 1 for RM7.5mil and Mathematics Year 1 SJKC for RM3.2mil. Meanwhile, the subjects secured by The Malaya Press include Chinese Language Year 1 SJKC at about RM3.1mil, Physical Education Year 1 SJKC at RM2.2mil and Chinese Language Form 1 at RM1.3mil.

The contract period is from Apr 9, 2026 to Apr 8, 2029.

SSB and The Malaya Press are expected to deliver the first tranche under the contracts, valued at RM13.7mil, to schools throughout Malaysia beginning August 2026. Accordingly, the contracts are expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending Aug 31, 2026 and onwards.