Impact Capital eyes IPO for business expansion

KUCHING (Jan 12): Sarawak-based technology equipment and systems firm Impact Capital Holdings Bhd has filed for an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds for business expansion and operational needs.

The group through its subsidiaries is principally involved in the integration of ICT equipment and systems for critical infrastructure, the supply of ICT hardware and software, and the provision of ICT-related services.

It has been operating in the sector for about 20 years.

Its customer base mainly comprises local and state government bodies, utility service providers, internet technology companies, as well as financial and merchant services providers.

The group currently operates sales and service offices in Kuching and Petaling Jaya, Selangor, while utilising co-working spaces in Bintulu, Sarawak and Kota Kinabalu, Sabah.

Under its expansion plans, Impact Capital said it intends to strengthen its presence in the Klang Valley by establishing a new office in Kuala Lumpur with about 7,700 square feet of floor space. The office will house its Klang Valley team and a new Digital Innovation and Solutions Centre.

The group also plans to relocate its operations in Bintulu and Kota Kinabalu from co-working spaces to larger, permanent rented premises within the same cities.

Further, it aims to expand into Johor by setting up a new office in Johor Bahru to expand operations and widen its customer reach.

It also has plans to recruit about 60 personnel progressively over a three-year period from 2027 to 2029.

As part of its long-term strategy, the group plans to enhance its technology capabilities to strengthen its position as an ICT infrastructure integrator and supplier.

This includes setting up the Digital Innovation and Solutions Centre as a platform for solution demonstrations, customer engagement and in-house technical validation, as well as increasing design and development activities.

A key focus will be the incorporation of digital twin technologies into its solution offerings.

The remaining IPO proceeds will be used for working capital, marketing expenses and listing-related costs.

Financially, the group’s revenue rose from RM113.18 million in the financial year ended (FYE) 2023 to RM145.42 million in FYE 2025, representing a compound annual growth rate of 13.36 per cent.

The integration of ICT equipment and systems for critical infrastructure remained its largest revenue contributor, accounting for 81.06 per cent in FYE 2023, 82.73 per cent in FYE 2024 and 82.70 per cent in FYE 2025.

For the 12 months ended June 2025, Impact Capital recorded a net profit of RM7 million on revenue of RM145 million.

Public Investment Bank Bhd is the IPO’s principal adviser, sponsor, sole underwriter and sole placement agent.