New Risk • May 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 297% 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 (20% average weekly change). Shareholders have been substantially diluted in the past year (297% increase in shares outstanding). Market cap is less than US$10m (RM37.7m market cap, or US$9.55m). Minor Risk Revenue is less than US$5m (RM17m revenue, or US$4.4m). Duyuru • Dec 26
M N C Wireless Berhad, Annual General Meeting, Feb 10, 2026 M N C Wireless Berhad, Annual General Meeting, Feb 10, 2026, at 10:30 Singapore Standard Time. Location: level 9, tower 11, avenue 5, no. 8, jalan kerinchi, bangsar south, 59200, kuala lumpur, wilayah persekutuan, Malaysia Reported Earnings • Nov 02
Full year 2025 earnings released: RM0.035 loss per share (vs RM0.03 loss in FY 2024) Full year 2025 results: RM0.035 loss per share (further deteriorated from RM0.03 loss in FY 2024). Revenue: RM17.4m (up 15% from FY 2024). Net loss: RM8.37m (loss widened 17% from FY 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 27
Full year 2025 earnings released: RM0.024 loss per share (vs RM0.037 loss in FY 2024) Full year 2025 results: RM0.024 loss per share (improved from RM0.037 loss in FY 2024). Revenue: RM17.3m (up 22% from FY 2024). Net loss: RM5.79m (loss narrowed 33% from FY 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Third quarter 2025 earnings released: RM0.006 loss per share (vs RM0.001 loss in 3Q 2024) Third quarter 2025 results: RM0.006 loss per share (further deteriorated from RM0.001 loss in 3Q 2024). Revenue: RM4.05m (up 16% from 3Q 2024). Net loss: RM1.55m (loss widened 463% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 28
Second quarter 2025 earnings released: RM0.007 loss per share (vs RM0.014 loss in 2Q 2024) Second quarter 2025 results: RM0.007 loss per share (improved from RM0.014 loss in 2Q 2024). Revenue: RM3.03m (down 15% from 2Q 2024). Net loss: RM1.65m (loss narrowed 49% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 27
First quarter 2025 earnings released: RM0.005 loss per share (vs RM0.011 loss in 1Q 2024) First quarter 2025 results: RM0.005 loss per share (improved from RM0.011 loss in 1Q 2024). Revenue: RM4.35m (up 30% from 1Q 2024). Net loss: RM1.14m (loss narrowed 56% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Sep 09
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 14% 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 (14% average weekly change). Earnings have declined by 7.4% per year over the past 5 years. Market cap is less than US$10m (RM19.0m market cap, or US$4.34m). Minor Risk Revenue is less than US$5m (RM14m revenue, or US$3.2m). Duyuru • Aug 28
M N C Wireless Berhad, Annual General Meeting, Oct 29, 2024 M N C Wireless Berhad, Annual General Meeting, Oct 29, 2024, at 10:30 Singapore Standard Time. Location: 100-3.011, block j, 129 offices, jaya one, no. 72a, jalan profesor diraja ungku aziz, 46200 petaling jaya, selangor darul ehsan, Malaysia Reported Earnings • Jun 28
Full year 2024 earnings released: RM0.037 loss per share (vs RM0.029 loss in FY 2023) Full year 2024 results: RM0.037 loss per share (further deteriorated from RM0.029 loss in FY 2023). Revenue: RM14.2m (up 14% from FY 2023). Net loss: RM8.61m (loss widened 30% from FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. New Risk • May 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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 Earnings have declined by 9.7% per year over the past 5 years. Market cap is less than US$10m (RM32.0m market cap, or US$6.80m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Revenue is less than US$5m (RM14m revenue, or US$3.0m). Reported Earnings • Mar 27
Third quarter 2024 earnings released: RM0.001 loss per share (vs RM0.006 loss in 3Q 2023) Third quarter 2024 results: RM0.001 loss per share (improved from RM0.006 loss in 3Q 2023). Revenue: RM3.49m (up 19% from 3Q 2023). Net loss: RM275.0k (loss narrowed 79% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 23
Second quarter 2024 earnings released: RM0.014 loss per share (vs RM0.007 loss in 2Q 2023) Second quarter 2024 results: RM0.014 loss per share (further deteriorated from RM0.007 loss in 2Q 2023). Revenue: RM3.58m (up 25% from 2Q 2023). Net loss: RM3.24m (loss widened 107% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. New Risk • Nov 28
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 7.0% 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: Major Risks Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (RM30.6m market cap, or US$6.55m). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Revenue is less than US$5m (RM13m revenue, or US$2.8m). Reported Earnings • Sep 05
Full year 2023 earnings released: RM0.029 loss per share (vs RM0.095 loss in FY 2022) Full year 2023 results: RM0.029 loss per share (improved from RM0.095 loss in FY 2022). Revenue: RM12.4m (down 17% from FY 2022). Net loss: RM6.64m (loss narrowed 62% from FY 2022). 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 35% per year, which means it is significantly lagging earnings. Duyuru • Aug 30
M N C Wireless Berhad, Annual General Meeting, Oct 19, 2023 M N C Wireless Berhad, Annual General Meeting, Oct 19, 2023, at 10:30 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 30 April 2023 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees and benefits of up to MYR 220,000.00 for the period commencing from the date immediately after this 19th AGM until the next Annual General Meeting ("AGM") of the Company; to re-elect the following Directors who retire by rotation pursuant to Clause 91 of the Company's Constitution; and to consider other matters. New Risk • Aug 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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 Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (RM31.5m market cap, or US$6.79m). Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Revenue is less than US$5m (RM12m revenue, or US$2.7m). Reported Earnings • Jun 29
Full year 2023 earnings released: RM0.029 loss per share (vs RM0.095 loss in FY 2022) Full year 2023 results: RM0.029 loss per share (improved from RM0.095 loss in FY 2022). Revenue: RM12.4m (down 17% from FY 2022). Net loss: RM6.65m (loss narrowed 62% from FY 2022). 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 33% per year, which means it is significantly lagging earnings. Duyuru • May 05
M N C Wireless Berhad Announces the Appointment of Winnie Goh Kah Mun as Joint Secretary M N C Wireless Berhad announced the appointment of Winnie Goh Kah Mun as Joint Secretary. Date of change is May 3, 2023. Reported Earnings • Apr 01
Third quarter 2023 earnings released: RM0.006 loss per share (vs RM0.038 loss in 3Q 2022) Third quarter 2023 results: RM0.006 loss per share (improved from RM0.038 loss in 3Q 2022). Revenue: RM2.94m (down 32% from 3Q 2022). Net loss: RM1.32m (loss narrowed 80% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Mar 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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Muhammad Bin Md Hashim 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 • Dec 26
Second quarter 2023 earnings released: RM0.001 loss per share (vs RM0.019 loss in 2Q 2022) Second quarter 2023 results: RM0.001 loss per share (improved from RM0.019 loss in 2Q 2022). Revenue: RM2.87m (down 26% from 2Q 2022). Net loss: RM1.57m (loss narrowed 53% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Sep 05
Full year 2022 earnings released: RM0.01 loss per share (vs RM0.012 loss in FY 2021) Full year 2022 results: RM0.01 loss per share (improved from RM0.012 loss in FY 2021). Revenue: RM15.0m (down 29% from FY 2021). Net loss: RM17.5m (loss narrowed 1.8% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 30
Full year 2022 earnings released: RM0.009 loss per share (vs RM0.012 loss in FY 2021) Full year 2022 results: RM0.009 loss per share (up from RM0.012 loss in FY 2021). Revenue: RM15.0m (down 29% from FY 2021). Net loss: RM17.5m (loss narrowed 1.8% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 37% per year. Reported Earnings • Apr 01
Third quarter 2022 earnings released: RM0.004 loss per share (vs RM0.002 loss in 3Q 2021) Third quarter 2022 results: RM0.004 loss per share (down from RM0.002 loss in 3Q 2021). Revenue: RM4.32m (down 17% from 3Q 2021). Net loss: RM6.73m (loss widened 98% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% 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 • Dec 29
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: RM0.002 loss per share (up from RM0.003 loss in 2Q 2021). Revenue: RM3.89m (down 49% from 2Q 2021). Net loss: RM3.36m (loss narrowed 5.3% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 21% per year. Reported Earnings • Sep 05
Full year 2021 earnings released: RM0.012 loss per share (vs RM0.005 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: RM21.2m (up 5.9% from FY 2020). Net loss: RM17.8m (loss widened 335% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 18% per year. Reported Earnings • Aug 02
Full year 2021 earnings released: RM0.012 loss per share (vs RM0.005 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: RM21.2m (up 5.9% from FY 2020). Net loss: RM17.8m (loss widened 335% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 25% per year. Reported Earnings • Dec 30
Second quarter 2021 earnings released: RM0.003 loss per share The company reported a mediocre second quarter result with weaker earnings and control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: RM7.57m (up 78% from 2Q 2020). Net loss: RM3.55m (down RM3.82m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 18% per year. Reported Earnings • Sep 28
First quarter earnings released Over the last 12 months the company has reported total losses of RM6.55m, with losses widening by 123% from the prior year. Total revenue was RM19.6m over the last 12 months, down 4.2% from the prior year.