New Risk • May 31
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: -RM11m 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 (-RM11m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Revenue is less than US$5m (RM18m revenue, or US$4.7m). Market cap is less than US$100m (RM67.1m market cap, or US$16.9m). Reported Earnings • May 31
Third quarter 2026 earnings released: RM0.002 loss per share (vs RM0.017 loss in 3Q 2025) Third quarter 2026 results: RM0.002 loss per share (improved from RM0.017 loss in 3Q 2025). Revenue: RM2.50m (down 45% from 3Q 2025). Net loss: RM2.57m (loss narrowed 86% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 25
Second quarter 2026 earnings released: EPS: RM0.003 (vs RM0.017 loss in 2Q 2025) Second quarter 2026 results: EPS: RM0.003 (up from RM0.017 loss in 2Q 2025). Revenue: RM8.84m (up 93% from 2Q 2025). Net income: RM3.49m (up RM21.5m from 2Q 2025). Profit margin: 40% (up from net loss in 2Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Jan 03
ManagePay Systems Berhad Announces Retirement of Chay Ching Keong as Chief Financial Officer, Effective December 31, 2025 ManagePay Systems Berhad announced the retirement of Mr. Chay Ching Keong as Chief Financial Officer, effective December 31, 2025. Mr. Chay Ching Keong is 60 years old and holds Malaysian nationality. Board Change • Dec 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Group CEO, Group MD & Executive Director Chee Chew is the most experienced director on the board, commencing their role in 2010. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 29
First quarter 2026 earnings released: RM0.001 loss per share (vs RM0.005 loss in 1Q 2025) First quarter 2026 results: RM0.001 loss per share (improved from RM0.005 loss in 1Q 2025). Revenue: RM2.55m (up 8.5% from 1Q 2025). Net loss: RM1.31m (loss narrowed 74% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Nov 29
Managepay Systems Berhad Announces Retirement of Dato' Mohamad Kamarudin Bin Hassan as Independent and Non Executive Member of Audit Committee and Chairman of Nomination and Remuneration Committee, Effective November 28, 2025 ManagePay Systems Berhad announced the retirement of Dato' Mohamad Kamarudin Bin Hassan as Independent and Non Executive Member of Audit Committee of the company. Age: 70. Date of change: November 28, 2025. Composition of Audit Committee (Name and Directorate of members after change): The composition of the Audit and Risk Management Committee as follows:- Ms. Chan See Wah - Chairman (Independent Non-Executive Director), Mr. Soon Kian Heng - Member (Independent Non-Executive Director). Dato' Mohamad Kamaruddin Bin Hassan did not seek for re-election at the Fifteenth Annual General Meeting ("15th AGM"). Therefore, he retired as Director of the Company in accordance with Clause 95 of the Company's Constitution at the conclusion of the 15th AGM held on 28 November 2025. Dato' Mohamad Kamaruddin Bin Hassan shall cease to be a member of Audit and Risk Management Committee accordingly. Dato' Mohamad Kamaruddin Bin Hassan shall cease to be the Chairman of Nomination and Remuneration Committee and a member of Audit and Risk Management Committee accordingly. Composition of Nomination and Remuneration Committee(Name and Directorate of members after change): Mr. Soon Kian Heng - Member, Independent Non-Executive Director; and Ms. Chan See Wah - Member, Independent Non-Executive Director. Announcement • Oct 30
ManagePay Systems Berhad, Annual General Meeting, Nov 28, 2025 ManagePay Systems Berhad, Annual General Meeting, Nov 28, 2025, at 10:30 Singapore Standard Time. Location: poolside cove, sunway lagoon club, no. 3, jalan lagoon timur, bandar sunway, 46150 petaling jaya, selangor darul ehsan, Malaysia Announcement • Oct 11
ManagePay Systems Berhad has withdrawn its Follow-on Equity Offering in the amount of MYR 51.60406 million. ManagePay Systems Berhad has withdrawn its Follow-on Equity Offering in the amount of MYR 51.60406 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 516,040,598
Price\Range: MYR 0.1
Transaction Features: Rights Offering Reported Earnings • Aug 31
Full year 2025 earnings released: RM0.015 loss per share (vs RM0.013 loss in FY 2024) Full year 2025 results: RM0.015 loss per share (further deteriorated from RM0.013 loss in FY 2024). Revenue: RM14.7m (down 9.8% from FY 2024). Net loss: RM15.1m (loss widened 30% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • Jun 30
New major risk - Revenue and earnings growth Revenue has declined by 10% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 10% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (9.6% average weekly change). Revenue is less than US$5m (RM16m revenue, or US$3.9m). Market cap is less than US$100m (RM87.7m market cap, or US$20.7m). New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Revenue is less than US$5m (RM16m revenue, or US$3.8m). Market cap is less than US$100m (RM87.7m market cap, or US$20.4m). Announcement • Feb 23
ManagePay Systems Berhad Appoints SOON KIAN HENG as Independent and Non Executive Member of Nomination and Remuneration Committee ManagePay Systems Berhad announced the appointment of Mr. SOON KIAN HENG, age 57 as Independent and Non Executive Member of Nomination and Remuneration Committee. Date of change is on 21 February 2025. Composition of Nomination and Remuneration Committee: Dato' Mohamad Kamarudin Bin Hassan - Chairman, Independent Non-Executive Director; Mr. Soon Kian Heng - Member, Independent Non-Executive Director; and Ms. Chan See Wah - Member, Independent Non-Executive Director. Announcement • Dec 11
ManagePay Systems Berhad has filed a Follow-on Equity Offering in the amount of MYR 51.60406 million. ManagePay Systems Berhad has filed a Follow-on Equity Offering in the amount of MYR 51.60406 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 516,040,598
Price\Range: MYR 0.1
Transaction Features: Rights Offering New Risk • Nov 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Revenue is less than US$5m (RM16m revenue, or US$3.7m). Market cap is less than US$100m (RM112.3m market cap, or US$25.3m). Announcement • Oct 31
ManagePay Systems Berhad, Annual General Meeting, Dec 20, 2024 ManagePay Systems Berhad, Annual General Meeting, Dec 20, 2024, at 10:00 Singapore Standard Time. Location: poolside cove, sunway lagoon club, no. 3, jalan lagoon timur, bandar sunway, 46150 petaling jaya, selangor darul ehsan, Malaysia Announcement • Oct 03
Managepay Systems Berhad Appoints Datin Chin Shea Swong as Executive Director ManagePay Systems Berhad announced appointment of DATIN CHIN SHEA SWONG, Age 57 as Executive Director. Date of change; 02 October 2024. Qualifications; Degree in BACHELOR OF COMPUTER SCIENCE AND BUSINESS MANAGEMENT, from Universiti Sains Malaysia. Working experience and occupation; May 1992 to December 2005 - Senior IT Project Manager June 2005 to May 2008 - Remisier 1 June 2008 to 31 March 2017 - Chief Operating Officer, ManagePay Systems Berhad 1 April 2017 to Present - Group Chief Operating Officer, ManagePay Systems Berhad Datin Chin Shea Swong has accumulated extensive experience over 30 years of experience in the banking and Europay, Mastercard, and Visa compliance. Family relationship with any director and/or major shareholder of the listed issuer; Spouse of Dato' Chew Chee Seng, the Group Managing Director/Group Chief Executive Officer who is also a major shareholder of the Company. New Risk • May 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.2% This is considered a minor 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 Risk Earnings have declined by 2.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Revenue is less than US$5m (RM18m revenue, or US$3.7m). Market cap is less than US$100m (RM104.2m market cap, or US$22.1m). Announcement • May 17
ManagePay Systems Berhad has filed a Follow-on Equity Offering in the amount of MYR 10.308522 million. ManagePay Systems Berhad has filed a Follow-on Equity Offering in the amount of MYR 10.308522 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 98,176,400
Price\Range: MYR 0.105
Transaction Features: Subsequent Direct Listing Announcement • Jan 30
Managepay Systems Berhad Announces Resignation of Dato' Dr Mohd Aminuddin Bin Mohd Rouse as Independent and Non Executive Chairman, Effective January 31, 2024 ManagePay Systems Berhad announced resignation of Dato' Dr Mohd Aminuddin Bin Mohd Rouse, 78, as Independent and Non Executive Chairman due to Other personal commitment. Date of change is January 31, 2024. Dato Dr. Mohd Aminuddin Bin Mohd Rouse resigned as Independent Non-Executive Chairman and Director of the Company. Reported Earnings • Nov 21
Third quarter 2023 earnings released: RM0.004 loss per share (vs RM0.003 loss in 3Q 2022) Third quarter 2023 results: RM0.004 loss per share (further deteriorated from RM0.003 loss in 3Q 2022). Revenue: RM4.66m (down 6.6% from 3Q 2022). Net loss: RM3.84m (loss widened 64% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Nov 08
ManagePay Systems Berhad Announces Resignation of Tan Yew Loong as Group Chief Executive Officer of the Payment Services Segment ManagePay Systems Berhad announced the resignation of MR. TAN YEW LOONG, aged 47 as Group Chief Executive Officer of the Payment Services segment due to Other personal commitment with effect from November 05, 2023. Reported Earnings • Aug 30
Second quarter 2023 earnings released: RM0.004 loss per share (vs RM0.003 loss in 2Q 2022) Second quarter 2023 results: RM0.004 loss per share (further deteriorated from RM0.003 loss in 2Q 2022). Revenue: RM4.42m (up 8.1% from 2Q 2022). Net loss: RM3.19m (loss widened 12% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
First quarter 2023 earnings released: RM0.004 loss per share (vs RM0.002 loss in 1Q 2022) First quarter 2023 results: RM0.004 loss per share (further deteriorated from RM0.002 loss in 1Q 2022). Revenue: RM4.41m (down 4.4% from 1Q 2022). Net loss: RM3.28m (loss widened 78% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Apr 08
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. 1 experienced director. 5 highly experienced directors. Non-Independent and Non Executive Director Azizan Bin Osman was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Full year 2022 earnings released: RM0.011 loss per share (vs RM0.002 profit in FY 2021) Full year 2022 results: RM0.011 loss per share (down from RM0.002 profit in FY 2021). Revenue: RM17.9m (down 11% from FY 2021). Net loss: RM9.78m (down RM11.0m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 04
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: RM4.99m (up 31% from 3Q 2021). Net loss: RM2.34m (down RM2.45m from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 23
Managepay Systems Berhad Appoints Datuk Wira Dr. Azizan Bin Osman as Non-Independent and Non Executive Director ManagePay Systems Berhad appointed DATUK WIRA DR. AZIZAN BIN OSMAN as Non-Independent and Non Executive Director. Age: 47. Gender: Male. Nationality: Malaysia. orking experience and occupation: 2001 to 2008 - Organisational Head and Managing Director, Channel Direct Asia Sdn Bhd, 2008 to Current - Founder & Board Chairman, Richworks Group of Companies. Date of change: 2 September 2022. Major/Field of Study: Accounting, Marketing, Business Administration, Master of Science in Marketing (MScM), Diploma in Investment Analysis. Institute/University: The Chartered Institute of Management Accountants (CIMA), United Kingdom, Chartered Institute of Marketing (CIM), United Kingdom, Asia-e University, Malaysia Southwest State University, Russia, University of Salford, Manchester, United Kingdom, University Technology of Mara, Malaysia. Additional Information: Fellowship of CIMA (FCMA), Chartered Global Management Accountant (CGMA), Fellow of Chartered Institute of Marketing (FCIM), Doctor of Philosophy (PhD), Doctorate Degree Business Administration (DBA). Reported Earnings • Aug 31
Second quarter 2022 earnings released: RM0.003 loss per share (vs RM0.002 loss in 2Q 2021) Second quarter 2022 results: RM0.003 loss per share (down from RM0.002 loss in 2Q 2021). Revenue: RM4.09m (up 33% from 2Q 2021). Net loss: RM2.84m (loss widened 49% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • May 31
First quarter 2022 earnings released: RM0.002 loss per share (vs RM0.003 profit in 1Q 2021) First quarter 2022 results: RM0.002 loss per share (down from RM0.003 profit in 1Q 2021). Revenue: RM4.61m (up 38% from 1Q 2021). Net loss: RM1.84m (down 189% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • May 02
ManagePay Systems Berhad, Annual General Meeting, Jun 24, 2022 ManagePay Systems Berhad, Annual General Meeting, Jun 24, 2022, at 02:30 Coordinated Universal Time. Location: Poolside Cove, Sunway Lagoon Club, No. 3, Jalan Lagoon Timur Bandar Sunway, 46150 Petaling Jaya, Selangor Darul Ehsan Petaling Jaya Selangor Malaysia Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 31 December 2021 together with the Directors' and Auditors' reports thereon; to approve the fees and benefits payable to the Directors up to an aggregate amount of RM300,000 for the period from 25 June 2022 until the next Annual General Meeting of the Company and the payment thereof; to re-elect Dato' Dr. Mohd Aminuddin Bin Mohd Rouse who retires by rotation pursuant to clause 95 of the constitution of the Company; to re-elect Dato' Chong Yoke Har who retires by rotation pursuant to clause 95 of the constitution of the Company; to re-elect Ms Wong Hui Liang who retires pursuant to clause 102 of the constitution of the Company; and to re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors of the Company for the financial year ending 31 December 2022 and to authorise the Board of Directors to fix their remuneration. Board Change • Apr 27
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. 2 experienced directors. 4 highly experienced directors. Independent & Non Executive Director Hui Wong was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.002 (up from RM0.051 loss in FY 2020). Revenue: RM19.9m (up 53% from FY 2020). Net income: RM1.28m (up RM37.8m from FY 2020). Profit margin: 6.4% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Jan 31
Managepay Systems Berhad Appoints Wong Hui Liang as Independent and Non Executive Director ManagePay Systems Berhad appointed Miss Wong Hui Liang as Independent and Non Executive Director. Date of change is 1 February 2022. Reported Earnings • Sep 28
Second quarter 2021 earnings released: RM0.002 loss per share (vs RM0.009 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: RM3.08m (down 10% from 2Q 2020). Net loss: RM1.91m (loss narrowed 69% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • May 20
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM3.34m (up 9.6% from 1Q 2020). Net income: RM2.08m (up RM7.27m from 1Q 2020). Profit margin: 62% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: RM0.051 loss per share (vs RM0.008 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: RM13.0m (down 27% from FY 2019). Net loss: RM36.3m (loss widened RM30.8m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 25
New 90-day high: RM0.27 The company is up 71% from its price of RM0.15 on 27 November 2020. The Malaysian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 26% over the same period. Is New 90 Day High Low • Feb 18
New 90-day high: RM0.21 The company is up 40% from its price of RM0.15 on 20 November 2020. The Malaysian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 29% over the same period. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS RM0.002 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: RM4.50m (down 22% from 3Q 2019). Net income: RM1.16m (up 343% from 3Q 2019). Profit margin: 26% (up from 4.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.