New Risk • May 15
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 16% 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 Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (RM224.3m market cap, or US$56.8m). New Risk • Mar 02
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 174% Dividend yield: 12% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (174% payout ratio). Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (RM167.2m market cap, or US$43.0m). Announcement • Jan 08
IRIS Group Berhad Announces Splitting of Audit and Risk Management Committee into Audit Committee and Risk Management and Sustainability Committee, Effective January 7, 2026 IRIS Group Berhad announced that the Board of Directors has approved the splitting of Audit and Risk Management Committee into two separate committees, Audit Committee and Risk Management and Sustainability Committee, with effect from January 7, 2026. The Audit Committee comprises Dato' Mohamed Khadar Bin Merican (Chairman, Independent Non-Executive Director), Dato' Dr. Abu Talib Bin Bachik (Member, Senior Independent Non-Executive Director), Dato' Ng Wan Peng (Member, Independent Non-Executive Director), Ling Hee Keat (Member, Independent Non-Executive Director), and Haji Hussein Bin Ismail (Member, Independent Non-Executive Director). The Risk Management and Sustainability Committee comprises Ling Hee Keat (Chairman, Independent Non-Executive Director), Dato' Dr. Abu Talib Bin Bachik (Member, Senior Independent Non-Executive Director), Dato' Mohamed Khadar Bin Merican (Member, Independent Non-Executive Director), and Dato' Ng Wan Peng (Member, Independent Non-Executive Director). This announcement is dated January 7, 2026. Reported Earnings • Nov 23
Second quarter 2026 earnings released: EPS: RM0.005 (vs RM0.002 in 2Q 2025) Second quarter 2026 results: EPS: RM0.005 (up from RM0.002 in 2Q 2025). Revenue: RM49.9m (up 23% from 2Q 2025). Net income: RM3.98m (up 119% from 2Q 2025). Profit margin: 8.0% (up from 4.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Sep 24
IRIS Corporation Berhad Approves Final Single-Tier Dividend for the Financial Year Ended 31 March 2025 IRIS Corporation Berhad at its General Meeting held on September 24, 2025, approved final single-tier dividend of 0.5 sen per ordinary share of the Company in respect of the financial year ended 31 March 2025. Reported Earnings • Aug 02
Full year 2025 earnings released: EPS: RM0.029 (vs RM0.04 in FY 2024) Full year 2025 results: EPS: RM0.029 (down from RM0.04 in FY 2024). Revenue: RM221.0m (down 40% from FY 2024). Net income: RM23.8m (down 26% from FY 2024). Profit margin: 11% (up from 8.7% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Jul 29
IRIS Corporation Berhad, Annual General Meeting, Sep 24, 2025 IRIS Corporation Berhad, Annual General Meeting, Sep 24, 2025, at 11:00 Singapore Standard Time. Location: auditorium, 1st floor, lot 8 & 9, iris smart technology complex, technology park malaysia, bukit jalil, 57000 kuala lumpur, Malaysia New Risk • Jul 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (110% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (RM208.0m market cap, or US$49.1m). Buy Or Sell Opportunity • Jun 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to RM0.28. The fair value is estimated to be RM0.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 34%. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: RM0.029 (vs RM0.04 in FY 2024) Full year 2025 results: EPS: RM0.029 (down from RM0.04 in FY 2024). Revenue: RM221.0m (down 40% from FY 2024). Net income: RM23.8m (down 26% from FY 2024). Profit margin: 11% (up from 8.7% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • May 31
Iris Corporation Berhad Reports Impairment Loss on Goodwill for the Three Months Ended March 31, 2025 IRIS Corporation Berhad reported Impairment loss on goodwill for the three months ended March 31, 2025. For the period, the company reported Impairment loss on goodwill of MYR 12,000,000. Upcoming Dividend • Mar 12
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 19 March 2025. Payment date: 28 March 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Malaysian dividend payers (5.7%). Higher than average of industry peers (2.7%). Reported Earnings • Mar 02
Third quarter 2025 earnings released: EPS: RM0.01 (vs RM0.013 in 3Q 2024) Third quarter 2025 results: EPS: RM0.01 (down from RM0.013 in 3Q 2024). Revenue: RM56.8m (down 52% from 3Q 2024). Net income: RM7.76m (down 26% from 3Q 2024). Profit margin: 14% (up from 8.8% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Feb 28
IRIS Corporation Berhad Announces Re-Designation of Chia Jen Wen as Chief Executive Officer, Effective 1 March 2025 IRIS Corporation Berhad announced re-designation of Mr. Chia Jen Wen as chief executive officer of the company, effective from 1 March 2025. Age: 49. Qualifications: Degree, Mechanical Engineering, University of Malaya. Working experience and occupation: Mr. Chia Jen Wen assumed his current role as Acting Chief Executive Officer of IRIS Corporation Berhad on 1 January 2023. He was appointed as Chief Operating Officer (Special Projects) of IRIS Corporation Berhad on 10 February 2022. Started in year 2000, he has over 20 years of experience in consulting and senior management functions, covering IT consultancy and third-party testing, inspections and certifications (TIC) both locally and abroad. Mr. Chia Jen Wen holds an Upper Second-Class Bachelor's Degree in Mechanical Engineering from University of Malaya. Announcement • Feb 19
Dr Poh acquired IRIS TECH VENTURES SDN BHD from IRIS Corporation Berhad (KLSE:IRIS) for MYR 2.4 million. Dr Poh agreed to acquire IRIS TECH VENTURES SDN BHD from IRIS Corporation Berhad (KLSE:IRIS) for MYR 2.4 million on December 6, 2024. Under the terms of the transaction, a sum of MYR 0.24 million, equivalent to 10% of the disposal consideration shall be paid by Dr Poh to IRIS Corporation Berhad (KLSE:IRIS). Dr Poh shall pay the balance of the Disposal Consideration in the sum of MYR 2.1 million to IRIS Corporation Berhad (KLSE:IRIS) within ninety (90) days from the date of the sale shares agreement.
The Proposed Disposal is expected to be completed in March 2025 upon full settlement of Disposal Consideration by Dr Poh within 90 days from the date of the sale shares agreement.
As of December 11, 2024, IRIS Corporation Berhad (KLSE:IRIS) announced that there are no liabilities, including contingent liabilities, in relation to the Proposed Disposal that remain with the IRIS Corporation Berhad (KLSE:IRIS). Further, the Board of Directors of IRIS Corporation Berhad (KLSE:IRIS) gave no guarantees to Dr Poh or IRIS TECH VENTURES SDN BHD on December 12, 2024.
Dr Poh completed the acquisition of IRIS TECH VENTURES SDN BHD from IRIS Corporation Berhad (KLSE:IRIS) on February 18, 2025. Upcoming Dividend • Dec 03
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 10 December 2024. Payment date: 20 December 2024. The company last paid an ordinary dividend in . The average dividend yield among industry peers is 2.6%. New Risk • Nov 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (RM273.3m market cap, or US$61.5m). Announcement • Nov 28
IRIS Declares First Single-Tier Interim Dividend for the Financial Year Ending 31 March 2025 The Board of Directors of IRIS declared a first single-tier interim dividend of 1 sen per ordinary share in respect of the financial year ending 31 March 2025. Buy Or Sell Opportunity • Sep 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to RM0.35. The fair value is estimated to be RM0.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Sep 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to RM0.35. The fair value is estimated to be RM0.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 31
First quarter 2025 earnings released: EPS: RM0.016 (vs RM0.012 in 1Q 2024) First quarter 2025 results: EPS: RM0.016 (up from RM0.012 in 1Q 2024). Revenue: RM81.6m (down 36% from 1Q 2024). Net income: RM12.8m (up 32% from 1Q 2024). Profit margin: 16% (up from 7.6% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
Full year 2024 earnings released: EPS: RM0.04 (vs RM0.027 in FY 2023) Full year 2024 results: EPS: RM0.04 (up from RM0.027 in FY 2023). Revenue: RM371.1m (up 6.4% from FY 2023). Net income: RM32.2m (up 47% from FY 2023). Profit margin: 8.7% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Jul 29
IRIS Corporation Berhad, Annual General Meeting, Sep 25, 2024 IRIS Corporation Berhad, Annual General Meeting, Sep 25, 2024, at 11:00 Singapore Standard Time. Location: auditorium, 1st floor, lot 8 & 9, iris smart technology complex, technology park malaysia, bukit jalil, 57000 kuala lumpur Malaysia Announcement • Jul 01
IRIS Corporation Berhad Appoints Wong Mee Kiat as Company Secretary IRIS Corporation Berhad announced appointment of Wong Mee Kiat as Company Secretary. Date Of Change is 01 July 2024. Reported Earnings • May 21
Full year 2024 earnings released: EPS: RM0.04 (vs RM0.027 in FY 2023) Full year 2024 results: EPS: RM0.04 (up from RM0.027 in FY 2023). Revenue: RM371.1m (up 6.4% from FY 2023). Net income: RM32.2m (up 47% from FY 2023). Profit margin: 8.7% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Board Change • Apr 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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Wan Peng Ng 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 28
Third quarter 2024 earnings released: EPS: RM0.003 (vs RM0.002 in 3Q 2023) Third quarter 2024 results: EPS: RM0.003 (up from RM0.002 in 3Q 2023). Revenue: RM119.1m (up 37% from 3Q 2023). Net income: RM10.5m (up 40% from 3Q 2023). Profit margin: 8.8% (up from 8.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 18
Second quarter 2024 earnings released: EPS: RM0.002 (vs RM0.002 in 2Q 2023) Second quarter 2024 results: EPS: RM0.002 (in line with 2Q 2023). Revenue: RM78.4m (down 27% from 2Q 2023). Net income: RM7.76m (up 22% from 2Q 2023). Profit margin: 9.9% (up from 5.9% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Aug 31
IRIS Corporation Berhad Announces Re-Designation of Poh Soon Sim, Executive Deputy Chairman as Executive Chairman IRIS Corporation Berhad announced re-designation of Dr. Poh Soon Sim, executive deputy chairman as executive chairman. Date of change is 30 August 2023. Age: 78. Qualifications: Degree, Medical, University of Singapore. Working experience and occupation: Dr. Poh Soon Sim has been in private medical practice since 1972. He was previously on the Board of Hong Leong Financial Group ("HLFG") from 31 January 1991 to 25 November 2011. He was also a Member of the Board of Audit and Risk Management Committee, Remuneration Committee and Nomination Committee of HLFG. He was also an ex-Director in Wing Tai Malaysia Berhad (formerly known as DNP Holdings Berhad). He retired from Wing Tai Malaysia Berhad on 29 November 2017. Currently, he is a Director of Hong Leong Company (Malaysia) Berhad and Hong Leong Foundation, both are public companies. Reported Earnings • Aug 31
First quarter 2024 earnings released: EPS: RM0.003 (vs RM0.001 in 1Q 2023) First quarter 2024 results: EPS: RM0.003 (up from RM0.001 in 1Q 2023). Revenue: RM127.5m (up 89% from 1Q 2023). Net income: RM9.71m (up 369% from 1Q 2023). Profit margin: 7.6% (up from 3.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. New Risk • Aug 16
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 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (RM228.4m market cap, or US$49.2m). Buying Opportunity • Aug 15
Now 33% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be RM0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 77%. Reported Earnings • Aug 02
Full year 2023 earnings released: EPS: RM0.007 (vs RM0.001 in FY 2022) Full year 2023 results: EPS: RM0.007 (up from RM0.001 in FY 2022). Revenue: RM348.9m (up 65% from FY 2022). Net income: RM21.9m (up RM18.5m from FY 2022). Profit margin: 6.3% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Announcement • Jul 29
IRIS Corporation Berhad, Annual General Meeting, Sep 20, 2023 IRIS Corporation Berhad, Annual General Meeting, Sep 20, 2023, at 11:00 Singapore Standard Time. Location: Auditorium, 1st Floor, Lot 8 & 9, IRIS Smart Technology Complex, Technology Park Malaysia Bukit Jalil Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2023 together with the Reports of the Directors and the Auditors thereon; to re-elect the Directors; to approve the Directors' Fees and allowances of up to MYR 830,000.00 from 29th AGM until the next Annual General Meeting; to re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matters. Reported Earnings • May 30
Full year 2023 earnings released: EPS: RM0.007 (vs RM0.001 in FY 2022) Full year 2023 results: EPS: RM0.007 (up from RM0.001 in FY 2022). Revenue: RM348.9m (up 65% from FY 2022). Net income: RM21.9m (up RM18.5m from FY 2022). Profit margin: 6.3% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • May 20
IRIS Corporation Berhad Provides Update on Material Litigation IRIS Corporation Berhad (IRIS) announced that reference is made to earlier announcements dated 23 March 2017, 28 March 2017, 28 November 2019, 1 August 2022 and 30 August 2022 in respect of: - a) the Writ of Summons dated 10 March 2017 filed at the High Court of Kuala Lumpur (Suit No. WA-22NCVC-126-03/2017) by Roxwell Group Sdn Bhd (“Plaintiff”) against (1) IRIS (“D1”), (2) Tan Say Jim (“D2”), (3) Su Thai Ping (“D3”), (4) Hamdan bin Mohd Hassan (“D4”) and (5) Sylla Ibrahima Sory (“D5”); b) the appeal filed on 20 December 2019 at the Court of Appeal (Civil Appeal No. W-02(NCvC)(W)-2407-12/2019) by Roxwell Group Sdn Bhd (“Appellant”) against (1) IRIS (“1st Respondent”), (2) Tan Say Jim (“2nd Respondent”) and (3) Su Thai Ping (“3rd Respondent”); and c) the notice of motion for leave to appeal to the Federal Court (Motion No. 08(f)-409-08/2022(W)) on 26 August 2022 (“Leave to Appeal to the Federal Court”) by Roxwell Group Sdn Bhd (“Applicant”) against (1) IRIS (“1st Respondent”), (2) Tan Say Jim (“2nd Respondent”) and (3) Su Thai Ping (“3rd Respondent”). IRIS announced that at the hearing on 17 May 2023, the Federal Court i.e. the final court of appeal unanimously dismissed the motion for Leave to Appeal to the Federal Court by the Applicant with cost of RM30,000.00 awarded to each Respondent (including IRIS) subject to allocator fee. Reported Earnings • Feb 25
Third quarter 2023 earnings released: EPS: RM0.002 (vs RM0.001 in 3Q 2022) Third quarter 2023 results: EPS: RM0.002 (up from RM0.001 in 3Q 2022). Revenue: RM87.2m (up 25% from 3Q 2022). Net income: RM7.49m (up 127% from 3Q 2022). Profit margin: 8.6% (up from 4.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Reported Earnings • Nov 25
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: RM108.1m (up 135% from 2Q 2022). Net income: RM6.37m (up 333% from 2Q 2022). Profit margin: 5.9% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 02
Full year 2022 earnings released: EPS: RM0.001 (vs RM0.004 loss in FY 2021) Full year 2022 results: EPS: RM0.001 (up from RM0.004 loss in FY 2021). Revenue: RM211.0m (up 98% from FY 2021). Net income: RM3.41m (up RM14.4m from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Aug 01
Iris Corporation Berhad Provides Update on Material Litigation IRIS Corporation Berhad (IRIS) announced that in the high court of Malaya at Kuala Lumpur suit no. WA-22NCVC-126-03/2018; Roxwell Group Sdn Bhd against IRIS (1st Respondent), Tan Say Jim (2nd Respondent), Su Thai Ping (3rd Respondent), reference is made to earlier announcements dated March 23, 2017, March 28, 2017, November 28, 2019 and the material litigation status update as stated in the quarterly report on consolidated results for financial period ended March 31, 2022 released on May 27, 2022 in relation to the Suit. Unless otherwise defined, the terms used in this announcement shall carry the same meanings as defined in the earlier announcements. IRIS announced that the Court of Appeal (Civil Appeal No. W-02(NCvC)(W)-2407-12/2019) had, on 27 July 2022, unanimously dismissed the appeal filed by Roxwell Group Sdn Bhd (Appellant) against IRIS (1st Respondent), Tan Say Jim (2nd Respondent) and Su Thai Ping (3rd Respondent) as the appeal was found to be without merits and did not warrant appellate interference. The Court of Appeal was in agreement with the learned findings of the trial judge that the 1st Respondent was not in breach of the terms of the Cooperation Agreement and there was no conspiracy to injure the Appellant by the 1st Respondent, 2nd Respondent and 3rd Respondent. The Court of Appeal awarded costs in the sum of MYR 50,000.00 each to the 1st Respondent, 2nd Respondent and 3rd Respondent. Announcement • Jul 30
IRIS Corporation Berhad, Annual General Meeting, Sep 27, 2022 IRIS Corporation Berhad, Annual General Meeting, Sep 27, 2022, at 11:00 Singapore Standard Time. Location: 1st Floor, Lot 8 & 9, IRIS Smart Technology Complex, Technology Park Malaysia, Bukit Jalil Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2022 together with the Reports of the Directors and the Auditors thereon; To re-elect Directors who retire pursuant to Clause 97 of the Company's Constitution; To re-elect Dato' Ng Wan Peng who retires pursuant to Clause 104 of the Company's Constitution; and To consider other matters. Reported Earnings • May 29
Full year 2022 earnings released: EPS: RM0.001 (vs RM0.004 loss in FY 2021) Full year 2022 results: EPS: RM0.001 (up from RM0.004 loss in FY 2021). Revenue: RM211.0m (up 98% from FY 2021). Net income: RM3.36m (up RM14.4m from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 27
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: RM0.001 (up from RM0 in 3Q 2021). Revenue: RM70.0m (up 233% from 3Q 2021). Net income: RM3.29m (up RM3.85m from 3Q 2021). Profit margin: 4.7% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 8.9%. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jan 31
IRIS Corporation Berhad Announces Appointment of DATO NG WAN PENG as Independent Director, Effective from February 1, 2022 IRIS Corporation Berhad announced appointment of DATO NG WAN PENG as a Independent Director, effective from February 1, 2022. Dato' Ng currently serves as the President of Big Bad Wolf Ventures Sdn Bhd. Her roles include leading and driving the Groups technology and digital transformation to achieve the groups business expansion. Provide advice to business units to ensure all initiatives/programmes planned and executed are aligned to the groups strategy goals.Prior to her existing career, Dato' Ng was the Chief Operation Officer of Malaysia Digital Economy Corporation. Board Change • Dec 31
High number of new directors Group CEO & Non-Independent Executive Director Shaiful Bin Subhan was the last director to join the board, commencing their role in 2021. Reported Earnings • Nov 28
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: EPS: RM0.001 (up from RM0.001 loss in 2Q 2021). Revenue: RM46.0m (up 107% from 2Q 2021). Net income: RM1.47m (up RM3.74m from 2Q 2021). Profit margin: 3.2% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 8.9%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
First quarter 2022 earnings released: RM0.001 loss per share (vs RM0.001 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: RM27.0m (up 12% from 1Q 2021). Net loss: RM2.23m (loss narrowed 24% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 01
Full year 2021 earnings released: RM0.004 loss per share (vs RM0.003 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: RM106.6m (down 54% from FY 2020). Net loss: RM11.0m (down 234% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 04
New 90-day low: RM0.33 The company is down 10.0% from its price of RM0.36 on 04 December 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 15% over the same period. Announcement • Mar 02
IRIS Corporation Berhad Appoints Mr. H'ng Boon Harng as Executive Director IRIS Corporation Berhad appointed MR H'NG BOON HARNG as Executive Director. Date of change: 01 March 2021. Is New 90 Day High Low • Dec 12
New 90-day high: RM0.39 The company is up 16% from its price of RM0.34 on 11 September 2020. The Malaysian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Tech industry, which is up 18% over the same period. Reported Earnings • Nov 28
Second quarter 2021 earnings released: RM0.001 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: RM22.2m (down 69% from 2Q 2020). Net loss: RM2.27m (down 123% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.