Reported Earnings • Feb 24
Second quarter 2026 earnings released: EPS: RM0 (vs RM0.001 in 2Q 2025) Second quarter 2026 results: EPS: RM0 (down from RM0.001 in 2Q 2025). Revenue: RM14.5m (up 30% from 2Q 2025). Net loss: RM870.0k (down 149% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Nov 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (RM109.7m market cap, or US$26.5m). Announcement • Oct 28
Iconic Worldwide Berhad, Annual General Meeting, Nov 27, 2025 Iconic Worldwide Berhad, Annual General Meeting, Nov 27, 2025, at 10:30 Singapore Standard Time. Location: function room marjorie 5, level 11, iconic marjorie hotel, 239a jalan sultan azlan shah, pulau pinang, 11900 bayan lepas Malaysia New Risk • Sep 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (RM118.1m market cap, or US$28.1m). New Risk • Sep 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (RM109.7m market cap, or US$25.9m). Reported Earnings • Aug 27
Full year 2025 earnings released: RM0.069 loss per share (vs RM0.13 loss in FY 2024) Full year 2025 results: RM0.069 loss per share. Revenue: RM50.3m (up 25% from FY 2024). Net loss: RM117.1m (loss widened 25% from FY 2024). New Risk • Jul 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 72% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM118.1m market cap, or US$27.8m). Reported Earnings • May 28
Third quarter 2025 earnings released: EPS: RM0 (vs RM0.014 loss in 3Q 2024) Third quarter 2025 results: EPS: RM0 (improved from RM0.014 loss in 3Q 2024). Revenue: RM11.6m (flat on 3Q 2024). Net loss: RM561.0k (loss narrowed 93% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Second quarter 2025 earnings released: EPS: RM0.001 (vs RM0.009 loss in 2Q 2024) Second quarter 2025 results: EPS: RM0.001 (up from RM0.009 loss in 2Q 2024). Revenue: RM11.2m (down 25% from 2Q 2024). Net income: RM1.77m (up RM6.96m from 2Q 2024). Profit margin: 16% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 29
First quarter 2025 earnings released: EPS: RM0.001 (vs RM0.01 loss in 1Q 2024) First quarter 2025 results: EPS: RM0.001 (up from RM0.01 loss in 1Q 2024). Revenue: RM12.3m (up 62% from 1Q 2024). Net income: RM1.92m (up RM7.74m from 1Q 2024). Profit margin: 16% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. New Risk • Nov 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM27m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM27m free cash flow). Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (RM160.3m market cap, or US$35.8m). Announcement • Oct 30
Iconic Worldwide Berhad, Annual General Meeting, Nov 28, 2024 Iconic Worldwide Berhad, Annual General Meeting, Nov 28, 2024, at 10:00 Singapore Standard Time. Location: function room iconic 5, level 7, iconic hotel, 71, jalan icon city, bukit tengah, 14000 bukit mertajam, penang, Malaysia Board Change • Jun 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Wan Chin Wong was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 30
Full year 2024 earnings released: RM0.04 loss per share (vs RM0.044 loss in FY 2023) Full year 2024 results: RM0.04 loss per share (improved from RM0.044 loss in FY 2023). Revenue: RM44.7m (down 49% from FY 2023). Net loss: RM22.3m (loss narrowed 9.5% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Apr 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 200% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Minor Risk Market cap is less than US$100m (RM177.1m market cap, or US$37.1m). Announcement • Apr 16
Iconic Worldwide Berhad Appoints Wong Wan Chin as Independent and Non Executive Director Iconic Worldwide Berhad announced the appointment of MISS WONG WAN CHIN, age 48 as Independent and Non Executive Director. Date of change is on April 16, 2024. Qualifications: Professional Qualification: LLB Honours in University of Malaya. Working experience and occupation Ms. Wong Wan Chin (Ms. Wong) obtained her LL. B (Hons.) degree from the University of Malaya in 1999 with second upper class honours in law and was admitted to the Bar in 2000. From a legal assistant in Messrs Wong-Chooi & Mohd Nor, she worked her way up to become a partner in 2002 until 2009. She then joined Messrs Lio & Partners as a partner before establishing the legal firm, Messrs Wong & Loh in 2017. Ms. Wong is currently the Managing Partner of Messrs Wong & Loh and heading initial public offering exercises and corporate exercises. She is involved in notable initial public offering exercises for different industry such as health and safety, manufacturing and retail. Ms Wong has more than twenty-three (23) years of experience in the area of corporate and commercial works including mergers and acquisitions, joint ventures and corporate restructurings. She has in-depth experiences in drafting commercial agreements for corporate companies. She also provides advisory services on land issues and the central and state governments policies. She is the Independent Non-Executive Chairman of Volcano Berhad and an Independent Non-Executive Director of HHRG Berhad of which both companies are listed on Bursa Malaysia Securites Berhad. She is also an Independent Non-Executive Director of LMS Compliance Ltd, a company listed on the Singapore Stock Exchange (SGX). Ms. Wong is one of the committee members of the Penang Chinese Chamber of Commerce. She is also appointed as the legal advisor to the Federation of Malaysian Foundry & Engineering Industries Association (FOMFEIA), Penang Foundry & Engineering Industries Association (PENFEIA) and Penang Chinese Tea Culture Association. Due to her immense contribution to the community and to the state of Penang, she has been conferred the title of Darjah Johan Negeri (DJN) in conjunction with the Yang diPertua Negeri Pulau Pinang's 79th birthday on 8 July 2017. Directorships in public companies and listed issuers: Volcano Berhad - Independent Non-Executive Chairman; HHRG Berhad (formerly known as Heng Huat Resources Group Berhad) - Independent Non-Executive Director; JCCW Trustee (M) Berhad. Reported Earnings • Feb 24
Third quarter 2024 earnings released: RM0.009 loss per share (vs RM0.001 profit in 3Q 2023) Third quarter 2024 results: RM0.009 loss per share (down from RM0.001 profit in 3Q 2023). Revenue: RM14.9m (down 16% from 3Q 2023). Net loss: RM5.19m (down RM6.03m from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Board Change • Dec 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Eng Lee was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 29
Second quarter 2024 earnings released: RM0.01 loss per share (vs RM0.002 profit in 2Q 2023) Second quarter 2024 results: RM0.01 loss per share (down from RM0.002 profit in 2Q 2023). Revenue: RM7.63m (down 74% from 2Q 2023). Net loss: RM5.81m (down RM6.85m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 30
Full year 2023 earnings released: RM0.044 loss per share (vs RM0.022 profit in FY 2022) Full year 2023 results: RM0.044 loss per share (down from RM0.022 profit in FY 2022). Revenue: RM86.8m (down 19% from FY 2022). Net loss: RM24.7m (down 357% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Announcement • Jul 29
Iconic Worldwide Berhad, Annual General Meeting, Sep 20, 2023 Iconic Worldwide Berhad, Annual General Meeting, Sep 20, 2023, at 10:30 Singapore Standard Time. Location: Function Room ICONIC 5, Level 7, Iconic Hotel at 71 Jalan Icon City, Bukit Tengah, 14000 Bukit Mertajam Penang Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2023 together with the Directors' and Auditors' Reports thereon; to re-elect the following Directors retiring under Clause 76(3) of the Constitution of the Company, and who being eligible, have offered themselves for re-election: Mr. Leow Chan Khiang, Ms. Ong Lay See, Mr. Jason Chung Wei Chiun; to re-elect Ms. Chia Yuet Yoong retiring under Clause 78 of the Constitution of the Company, and who being eligible, have offered herself for re-election; to re-appoint BDO PLT as Auditors of the Company and to authorise the Directors to determine their remuneration; to approve the payment of Directors' fees of MYR 288,000 for the financial year ending 31 March 2024; to approve the payment of Directors' benefits of up to RM40,000 in accordance with Section 230(1) of the Companies Act 2016 from 20 September 2023 until the next Annual General Meeting of the Company; and to consider other matters. Reported Earnings • Jun 01
Full year 2023 earnings released: RM0.043 loss per share (vs RM0.022 profit in FY 2022) Full year 2023 results: RM0.043 loss per share (down from RM0.022 profit in FY 2022). Revenue: RM86.8m (down 19% from FY 2022). Net loss: RM24.3m (down 354% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 03
Third quarter 2023 earnings released: EPS: RM0.002 (vs RM0.01 in 3Q 2022) Third quarter 2023 results: EPS: RM0.002 (down from RM0.01 in 3Q 2022). Revenue: RM17.7m (down 15% from 3Q 2022). Net income: RM842.0k (down 82% from 3Q 2022). Profit margin: 4.7% (down from 22% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Executive Director Jason Chung was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 26
Second quarter 2023 earnings released: EPS: RM0.002 (vs RM0.009 in 2Q 2022) Second quarter 2023 results: EPS: RM0.002 (down from RM0.009 in 2Q 2022). Revenue: RM29.7m (up 56% from 2Q 2022). Net income: RM1.04m (down 73% from 2Q 2022). Profit margin: 3.5% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Sep 20
Iconic Worldwide Berhad (KLSE:ICONIC) agreed to acquire Goldenluck Development Sdn Bhd from Dato' Seri Tan Kean Tet and Tan Seok Ying for RM39.8 million. Iconic Worldwide Berhad (KLSE:ICONIC) agreed to acquire Goldenluck Development Sdn Bhd from Dato' Seri Tan Kean Tet and Tan Seok Ying for RM39.8 million on September 19, 2022. Reported Earnings • Aug 03
Full year 2022 earnings released: EPS: RM0.022 (vs RM0.024 in FY 2021) Full year 2022 results: EPS: RM0.022. Revenue: RM107.1m (up 118% from FY 2021). Net income: RM9.60m (up 8.6% from FY 2021). Profit margin: 9.0% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Announcement • Jul 30
Iconic Worldwide Berhad, Annual General Meeting, Sep 29, 2022 Iconic Worldwide Berhad, Annual General Meeting, Sep 29, 2022, at 10:30 Singapore Standard Time. Location: Function Room,Level 7, Iconic Hotel 71, Jalan Icon City, Bukit Tengah, 14000 Bukit Mertajam Penang Malaysia Agenda: To consider passing the ordinary resolution, under the agenda of "Special Business", to give effect to the Proposed Mandate. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: RM0.02 (vs RM0.024 in FY 2021) Full year 2022 results: EPS: RM0.02. Revenue: RM107.1m (up 118% from FY 2021). Net income: RM9.29m (up 5.1% from FY 2021). Profit margin: 8.7% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Lay Ong was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: RM0.01 (up from RM0.009 in 3Q 2021). Revenue: RM20.9m (up 23% from 3Q 2021). Net income: RM4.68m (up 43% from 3Q 2021). Profit margin: 22% (up from 19% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 28
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.009 (vs RM0.009 in 2Q 2021). Revenue: RM19.1m (up 63% from 2Q 2021). Net income: RM3.87m (up 28% from 2Q 2021). Profit margin: 20% (down from 26% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
Full year 2021 earnings released: EPS RM0.024 (vs RM0.028 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: RM49.2m (up 103% from FY 2020). Net income: RM8.84m (up 10% from FY 2020). Profit margin: 18% (down from 33% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Executive Departure • Jul 22
Independent Non-Executive Chairman Zainurin Bin Karman has left the company On the 21st of July, Zainurin Bin Karman's tenure as Independent Non-Executive Chairman ended after 15.9 years in the role. We don't have any record of a personal shareholding under Zainurin's name. Zainurin is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.21 years. Reported Earnings • May 29
Full year 2021 earnings released: EPS RM0.024 (vs RM0.028 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: RM49.3m (up 103% from FY 2020). Net income: RM8.52m (up 6.3% from FY 2020). Profit margin: 17% (down from 33% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 28
Third quarter 2021 earnings released: EPS RM0.009 (vs RM0.009 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: RM17.0m (up 105% from 3Q 2020). Net income: RM3.28m (up 18% from 3Q 2020). Profit margin: 19% (down from 34% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 24
New 90-day low: RM0.47 The company is down 16% from its price of RM0.56 on 26 November 2020. The Malaysian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 10.0% over the same period. Is New 90 Day High Low • Feb 02
New 90-day low: RM0.48 The company is down 1.0% from its price of RM0.49 on 04 November 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 20% over the same period. Announcement • Jan 19
Iconic Medicare Sdn Bhd Enters into an Agreement to Appoint Emergo Europe B.V The Board of Directors of ICONIC announced that on 12 January 2021 IMED entered into an agreement to appoint Emergo Europe B.V., to serve as IMED's European Authorised Representative for the distribution of IMED's products in the member states of the European Union in accordance with Regulation (EU) 2017/745, Medical Devices Directive 93/42/EEC ("MDD") and/or the Active Implantable Medical Devices Directive 90/385/EEC. Reported Earnings • Nov 26
Second quarter 2021 earnings released: EPS RM0.009 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM11.7m (up 353% from 2Q 2020). Net income: RM3.03m (up 416% from 2Q 2020). Profit margin: 26% (up from 23% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 41% per year. 