New Risk • Jun 10
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: -RM1.0m 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 (-RM1.0m free cash flow). Share price has been highly volatile over the past 3 months (45% average weekly change). Revenue is less than US$1m (RM3.3m revenue, or US$824k). Minor Risk Market cap is less than US$100m (RM54.9m market cap, or US$13.5m). Reported Earnings • May 27
Third quarter 2026 earnings released: EPS: RM0.001 (vs RM0.001 loss in 3Q 2025) Third quarter 2026 results: EPS: RM0.001 (up from RM0.001 loss in 3Q 2025). Revenue: RM1.15m (up 51% from 3Q 2025). Net income: RM327.0k (up RM1.06m from 3Q 2025). Profit margin: 28% (up from net loss in 3Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Apr 09
TFP Solutions Berhad (KLSE:TFP) entered into sale share agreement to acquire 51% stake in VSure Tech Sdn Bhd from Faiz for MYR 5 million. TFP Solutions Berhad (KLSE:TFP) entered into sale share agreement to acquire 51% stake in VSure Tech Sdn Bhd from Faiz for MYR 5 million on April 7, 2026. The Purchase Consideration shall be satisfied via a combination of Cash Consideration and the allotment and issuance of Consideration Shares to Faiz. A cash consideration of MYR 1 million will be paid by TFP Solutions Berhad. Within 30 calendar days from the date of issuance of VSure Tech Group’s audited financial statement for the FYE 30 June 2028, subject to and conditional upon VSure Tech achieving the Aggregate Audited PAT during the Profit Guarantee Period. The consideration consists of 200 million common equity of TFP Solutions Berhad to be issued for common equity of VSure Tech Sdn Bhd. TFP Solutions Board expects the Cash Consideration to be fully funded via internally generated funds of the Group.
The obligation of the parties under the SSA are in all respects conditional upon the following being fulfilled on or before the date falling within four (4) months from the date of the SSA, or such other date as may be agreed upon between the parties as the last date by which the Condition must be fulfilled:- (a) the TFP Solutions being satisfied with the results of its due diligence investigation into Faiz’s title to the Sale Shares, the financial and legal due diligence on the VSure Tech and the Due Diligence Exercise shall be completed by the TFP Solutions within sixty (60) days from the date of the SSA or any other dates to be mutually agreed by the parties (b) Faiz having obtained such other consents or approvals as may be required of a relevant third party of VSure Tech for any sale, transfer or assignment of beneficial interest of the Sale Shares, any change of director and/or shareholders of VSure Tech, or any change in the control of VSure Tech, whereby control includes power to appoint or cause to be appointed by a majority of directors of VSure Tech or the power to make or cause to be made decision in respect of the administration of VSure Tech and to give effect to such decisions; (c) the TFP Solutions having obtained the approval of its board of directors for the purchase of the Sale Shares in accordance with the provisions of the SSA and authorising the execution of the SSA and all related documents; (d) the TFP Solutions having obtained the approval of its shareholders at the EGM to be convened for the Proposed Acquisition of VSure Tech and the issuance of the Consideration Shares for the purpose of satisfying the Purchase Consideration of the Proposed Acquisition of VSure Tech; (e) the TFP Solutions having obtained the approval of Bursa Securities for the listing of and quotation for the Consideration Shares on the ACE Market of Bursa Securities; and (f) Faiz, as the party to the shareholders’ agreement dated 16 August 2021 entered into between the shareholders of VSure Tech for the purpose of regulating the rights, obligations and liabilities between the shareholders of VSure Tech, having duly complied with and furnish supporting documentations to the TFP Solutions that the Sale Shares have been offered to the other shareholders of VSure Tech pursuant to clause 4.4 of the Shareholders’ Agreement, that the shareholders of VSure Techhave waived their rights to offer to purchase the Sale Shares and that Faiz is free tosell the Sale Shares to the TFP Solutions. Reported Earnings • Feb 26
Second quarter 2026 earnings released: EPS: RM0 (vs RM0.001 loss in 2Q 2025) Second quarter 2026 results: EPS: RM0 (improved from RM0.001 loss in 2Q 2025). Revenue: RM1.35m (up 30% from 2Q 2025). Net income: RM55.0k (up RM856.0k from 2Q 2025). Profit margin: 4.1% (up from net loss in 2Q 2025). The move to profitability was primarily driven by higher revenue. Reported Earnings • Nov 26
First quarter 2026 earnings released: RM0.001 loss per share (vs RM0.002 loss in 1Q 2025) First quarter 2026 results: RM0.001 loss per share (improved from RM0.002 loss in 1Q 2025). Revenue: RM906.0k (up 14% from 1Q 2025). Net loss: RM632.0k (loss narrowed 42% from 1Q 2025). New Risk • Nov 13
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: -RM1.2m 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 (-RM1.2m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Revenue is less than US$1m (RM3.8m revenue, or US$915k). Market cap is less than US$10m (RM16.2m market cap, or US$3.92m). Announcement • Oct 30
TFP Solutions Berhad, Annual General Meeting, Dec 03, 2025 TFP Solutions Berhad, Annual General Meeting, Dec 03, 2025, at 10:00 Singapore Standard Time. Location: tfp experience center, ground floor, wisma lms, no. 6, jalan abd rahman idris, off jalan raja muda abdul aziz, 50300 kuala lumpur Malaysia Reported Earnings • Sep 03
Full year 2025 earnings released: RM0.005 loss per share (vs RM0.007 loss in FY 2024) Full year 2025 results: RM0.005 loss per share (improved from RM0.007 loss in FY 2024). Revenue: RM4.83m (up 56% from FY 2024). Net loss: RM2.92m (loss narrowed 33% from FY 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • May 28
Third quarter 2025 earnings released: RM0.001 loss per share (vs RM0.002 loss in 3Q 2024) Third quarter 2025 results: RM0.001 loss per share (improved from RM0.002 loss in 3Q 2024). Revenue: RM760.0k (up 22% from 3Q 2024). Net loss: RM733.0k (loss narrowed 46% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Second quarter 2025 earnings released: RM0.001 loss per share (vs RM0 in 2Q 2024) Second quarter 2025 results: RM0.001 loss per share (further deteriorated from RM0 in 2Q 2024). Revenue: RM1.03m (up 54% from 2Q 2024). Net loss: RM801.0k (down 439% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
First quarter 2025 earnings released: RM0.002 loss per share (vs RM0.003 loss in 1Q 2024) First quarter 2025 results: RM0.002 loss per share (improved from RM0.003 loss in 1Q 2024). Revenue: RM798.0k (up 19% from 1Q 2024). Net loss: RM1.09m (loss narrowed 35% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Oct 30
TFP Solutions Berhad, Annual General Meeting, Dec 03, 2024 TFP Solutions Berhad, Annual General Meeting, Dec 03, 2024, at 10:00 Singapore Standard Time. Location: tfp experience center, ground floor, wisma lms, no. 6, jalan abd rahman idris, off jalan raja muda abdul aziz, 50300 kuala lumpur Malaysia Reported Earnings • Sep 05
Full year 2024 earnings released: RM0.007 loss per share (vs RM0.008 loss in FY 2023) Full year 2024 results: RM0.007 loss per share (improved from RM0.008 loss in FY 2023). Revenue: RM3.04m (down 22% from FY 2023). Net loss: RM4.34m (loss narrowed 1.9% from FY 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Announcement • Sep 05
TFP Solutions Berhad Announces Resignation of Thien Lee Mee as Joint Secretary TFP Solutions Berhad announced resignation of THIEN LEE MEE as Joint Secretary. Date Of Change is 02 September 2024. New Risk • Jul 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.6% 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 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 (21% average weekly change). Earnings have declined by 5.3% per year over the past 5 years. Revenue is less than US$1m (RM3.0m revenue, or US$635k). Market cap is less than US$10m (RM24.7m market cap, or US$5.24m). Minor Risk Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Reported Earnings • Jun 05
Third quarter 2024 earnings released: RM0.002 loss per share (vs RM0 in 3Q 2023) Third quarter 2024 results: RM0.002 loss per share (further deteriorated from RM0 in 3Q 2023). Revenue: RM622.0k (down 40% from 3Q 2023). Net loss: RM1.35m (down RM1.37m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
First half 2024 earnings released: RM0.002 loss per share (vs RM0.002 loss in 1H 2023) First half 2024 results: RM0.002 loss per share (in line with 1H 2023). Revenue: RM1.34m (down 46% from 1H 2023). Net loss: RM1.43m (loss widened 25% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Executive Director Puteri Munawarah Binti Munir was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 30
First quarter 2024 earnings released: RM0.003 loss per share (vs RM0.002 loss in 1Q 2023) First quarter 2024 results: RM0.003 loss per share (further deteriorated from RM0.002 loss in 1Q 2023). Net loss: RM1.67m (loss widened 53% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Nov 29
TFP Solutions Berhad Announces Miss Kong Wei Peng Decides Not Being Re-Elects as Executive Director TFP Solutions Berhad announced Miss Kong Wei Peng decided is not being re-elected at the 16th AGM on 27 November 2023 as Executive Director, her Age is 51. Date of change is 27 November 2023. Announcement • Oct 31
TFP Solutions Berhad, Annual General Meeting, Nov 27, 2023 TFP Solutions Berhad, Annual General Meeting, Nov 27, 2023, at 10:00 Singapore Standard Time. Agenda: To consider and approve the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of the Directors and Auditors thereon; to consider and approve the payment Directors' fees; to consider and approve the payment of other benefits; to consider and re-elect the Directors; and to consider other business matters. Reported Earnings • Sep 01
Full year 2023 earnings released: RM0.008 loss per share (vs RM0.012 loss in FY 2022) Full year 2023 results: RM0.008 loss per share (improved from RM0.012 loss in FY 2022). Revenue: RM3.88m (down 32% from FY 2022). Net loss: RM4.42m (loss narrowed 34% from FY 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. New Risk • Jun 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2022. 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: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (RM35.1m market cap, or US$7.50m). Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Revenue is less than US$5m (RM5.7m revenue, or US$1.2m). Reported Earnings • Jun 03
Third quarter 2023 earnings released: RM0.003 loss per share (vs RM0.004 loss in 3Q 2022) Third quarter 2023 results: RM0.003 loss per share (improved from RM0.004 loss in 3Q 2022). Revenue: RM784.0k (down 37% from 3Q 2022). Net loss: RM1.60m (loss narrowed 32% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Nov 05
TFP Solutions Berhad Appoints Low Ven Sin as Company Secretary TFP Solutions Berhad announced the appointment of Low Ven Sin as Company Secretary. Date Of Change: 04 November 2022. Announcement • Nov 01
TFP Solutions Berhad, Annual General Meeting, Nov 29, 2022 TFP Solutions Berhad, Annual General Meeting, Nov 29, 2022, at 14:00 China Standard Time. Location: TFP Experience Center, Ground floor, Wisma LMS No. 6, Jalan Abd Rahman Idris, Off Jalan Raja Muda Aziz Kuala Lumpur Malaysia Agenda: To consider the resolution to give effect to the Proposed RRPTs Mandate; and to consider any other matters. Reported Earnings • Sep 01
Full year 2022 earnings released: RM0.012 loss per share (vs RM0.007 loss in FY 2021) Full year 2022 results: RM0.012 loss per share (down from RM0.007 loss in FY 2021). Revenue: RM6.11m (down 26% from FY 2021). Net loss: RM6.65m (loss widened 48% from 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 fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: RM0.012 loss per share (down from RM0.008 loss in FY 2020). Revenue: RM6.85m (down 65% from FY 2020). Net loss: RM6.68m (loss widened 84% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 29
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: RM0.003 loss per share (up from RM0.004 loss in 3Q 2020). Revenue: RM1.26m (up 69% from 3Q 2020). Net loss: RM1.54m (loss widened 81% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 28
Second quarter 2021 earnings released: RM0.004 loss per share (vs RM0.006 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: RM1.24m (down 21% from 2Q 2020). Net loss: RM1.82m (loss widened 46% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Executive Departure • Sep 09
Independent & Non Executive Director Loke Wong has left the company On the 3rd of September, Loke Wong's tenure as Independent & Non Executive Director ended after 6.7 years in the role. We don't have any record of a personal shareholding under Loke's name. Loke is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Jun 03
First quarter 2021 earnings released: RM0.002 loss per share (vs RM0.003 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: RM3.11m (down 78% from 1Q 2020). Net loss: RM976.0k (loss widened 49% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% 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: RM0.008 loss per share (vs RM0.017 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: RM19.3m (down 78% from FY 2019). Net loss: RM3.62m (loss widened 3.2% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Mar 04
TFP Solutions Berhad Announces the Appointment of Chu Boon Tiong as Independent and Non Executive Director TFP Solutions Berhad announced the appointment of Chu Boon Tiong as Independent and Non Executive Director of the company. Date of change is 02 March 2021. Announcement • Jan 20
TFP Solutions Berhad Appoints Ym Puteri Munawarah Syammiyah Binti Munir as Executive Director TFP Solutions Berhad announced the appointment of Ym Puteri Munawarah Syammiyah Binti Munir as Executive Director of the company, effective Jan. 19, 2021. YM Puteri Munawarah Syammiyah Binti Munir has experience in the banking sector for a number of years. Announcement • Jan 05
Ace Capital Growth Sdn Bhd Enters into Joint Venture Agreement with TFP Solutions Berhad The Board of Directors of AIAB announced that its wholly owned subsidiary, Ace Capital Growth Sdn. Bhd. had on 4 January 2021 entered into a Joint Venture cum Shareholders Agreement with TFP Solutions Berhad to formalise and set out the basic terms of their relationship with each other via their respective investment participation in the joint venture through a joint venture company to be incorporated ("NEWCO") to carry out the business of the joint venture as disclosed below. The Proposed Joint Venture is in line with AIAB and its subsidiaries' ("AIAB Group") strategic plan to expand its sale channel for its existing products. Barring any unforeseen circumstances, the Proposed Joint Venture is expected to benefit AIAB Group. The Proposed Joint Venture will not have any effect on the share capital and substantial shareholders' shareholding of the Company. The Proposed Joint Venture is not expected to have any material effect on the earnings per share, net assets per share and gearing for the financial year ending 31 December 2021. Is New 90 Day High Low • Dec 28
New 90-day high: RM0.22 The company is up 38% from its price of RM0.16 on 29 September 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: RM0.21 The company is up 35% from its price of RM0.15 on 23 September 2020. The Malaysian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 4.0% over the same period. Reported Earnings • Nov 28
Third quarter 2020 earnings released: RM0.004 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: RM746.0k (down 96% from 3Q 2019). Net loss: RM852.0k (loss widened 123% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Oct 11
TFP Solutions Berhad Appoints Miss Kong Wei Peng as Executive Director TFP Solutions Berhad appointed MISS KONG WEI PENG as Executive Director. Date of change is October 9, 2020. Ms. Kong Wei Peng has over 20 years of experience in managing companies account and operations department. She also has diverse experience and exposure worldwide, live and work over 7 years full time in the USA, UK and Australia. In year 1992 till 1993, she was the Audit and Accounts Assistant in T. O. Wong & Co. (Malaysia). She moved on to Tai Seng Air-Conditioning Engineering Pte. Ltd. (Malaysia) in year 1993 to 1999 and worked as the Accounts and Administrative. She joined Perosan Pte. Ltd./Flamingo Institute of Further Education (A Member of The Multi-Purpose Group of Companies, Malaysia) as the Senior Accounts Executive in year 1999. Subsequently in year 2000 until 2003, she was appointed as the Manager of Administrative and Accounts Department in L&T Frozen Foods (Scotland, UK). She was a Head of Account and Operation Department in Tai Seng Air-Cond Pte. LTd. (Malaysia) from year 2004 till 2012. In year 2013, she is the Administrative Executive in Fo Guang Shan Temple (Perth, Australia). In year 2015, she took on a role as the Head of Account and Operation Department in Oriental Mace Sdn. Bhd. and was became the Founder and Group Chief Operation Officer in Oriental Mace Group Berhad in year 2017. Oriental Mace Group Berhad is a leading company primarily business in Biotechnology Healthcare and Beautycare under the brand MyBeauty, a brand jointly established with the Ministry of Tourism, Arts and Culture to lead 1,000 beautycare service provider in Malaysia. Currently, she is the Group COO to Oriental Mace Group Berhad since year 2017. Announcement • Oct 06
TFP Solutions Berhad has completed a Follow-on Equity Offering in the amount of MYR 6.822208 million. TFP Solutions Berhad has completed a Follow-on Equity Offering in the amount of MYR 6.822208 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 227,406,945
Price\Range: MYR 0.03
Discount Per Security: MYR 0.0006
Transaction Features: Rights Offering 