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OPENSYS (M) BERHAD — Earnings Release 2026
May 17, 2026
71195_rns_2026-05-17_718efa52-6394-4d0c-9f81-73ed8d0cc7e9.pdf
Earnings Release
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OpenSys
OpenSys (M) Berhad 199501040614 (369818-W)
Level 26, Tower A, Pinnacle PJ
Jalan Utara C, 46200 Petaling Jaya
Selangor Darul Ehsan, Malaysia
+603 7932 7888
+603 7932 7878
http://www.myopensys.com
PRESS RELEASE
OpenSys Delivers Strong Start to FY2026 with 25% Revenue Growth
- Robust cash recycling machine deployments drive hardware surge
- Profit before tax rises 26.6% on stronger revenue momentum
Petaling Jaya, 18 May 2026 – Financial services, telecommunications, and utilities solutions provider OpenSys (M) Berhad (OpenSys, the Group, 傲奔系统（马）有限公司, Bloomberg: OPEN:MK) delivered a strong performance for the first quarter ended 31 March 2026 (Q1 2026), supported by robust hardware growth and resilient recurring services income.
The Group recorded revenue of RM31.29 million in Q1 2026, representing a 25% year-on-year increase from RM25.04 million in the corresponding quarter last year (Q1 2025). Profit before tax (PBT) rose 26.6% to RM5.40 million (Q1 2025: RM4.27 million), reflecting improved operating leverage and disciplined execution.
On a quarter-on-quarter basis, revenue increased 22.5% from RM25.54 million in Q4 2025, while PBT grew 24.9% from RM4.33 million, demonstrating strong sequential momentum.
Dividend Declaration
The Group maintained its track record of consistent shareholder returns by declaring a second interim dividend of 0.45 sen per share for the financial year ending 31 December 2026. This second interim dividend is the 48th consecutive dividend pay-out from OpenSys since 2010.
Operational Highlights & Strategy
Strong Hardware Growth Driven by CRM Deployments
Hardware revenue surged significantly to RM10.42 million, a 163% increase from RM3.96 million in Q1 2025, driven by higher installations of cash recycling machines (CRMs) during the quarter. The Group continues to benefit from ongoing CRM replacement programmes and increasing adoption of banking automation solutions.
Resilient Recurring Services Base
The Solutions and Services segment remained stable, contributing RM20.87 million (Q1 2025: RM21.07 million), underpinned by recurring income from maintenance services, cheque processing, kiosk operations, cash-in-transit services, and software solutions. This segment continues to provide earnings visibility and margin stability.
Sustained Demand for Banking Automation
The Group continues to see sustained demand for CRM and teller cash recycler (TCR) deployments, supported by banks’ ongoing infrastructure upgrades and digitalisation initiatives.
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OpenSys
OpenSys (M) Berhad 199501040614 (369818-W)
Level 26, Tower A, Pinnacle PJ
Jalan Utara C, 46200 Petaling Jaya
Selangor Darul Ehsan, Malaysia
+603 7932 7888
+603 7932 7878
http://www.myopensys.com
Advancing Digital and Innovation Capabilities
OpenSys continues to enhance its technological capabilities through the integration of Artificial Intelligence (AI) and Cloud Computing across its solutions portfolio. The successful pilot deployment of PalmWav™, a palm-recognition payment prototype, reflects the Group's strong commitment to advancing next-generation digital payment innovations.
The Group is also making steady progress on several strategic initiatives, including SmartCIT, Branch-of-the-Future (BOTF) solutions, the buySolar marketplace, and merchant acquiring services, all of which are expected to support long-term business diversification and sustainable growth.
Outlook: Building on Strong Momentum
Malaysia's business environment remains stable with a cautiously optimistic outlook, supported by resilient domestic demand and continued investments in infrastructure and digitalisation. While overall sentiment remains positive, it has moderated slightly amid global economic uncertainties, geopolitical developments, and rising operating costs.
Against this backdrop, OpenSys remains cautiously optimistic for FY2026, supported by its strong start to the year, continued CRM replacement cycles, resilient recurring income base, and expanding digital platforms.
Management remains focused on disciplined execution, operational efficiency, and strategic innovation to sustain growth and enhance shareholder value.
"Our strong start to FY2026 reflects the Group's ability to capitalise on banking automation opportunities while maintaining a resilient recurring income base," said Luke Sebastian, Chief Executive Officer of OpenSys. "With continued CRM deployments, growing adoption of digital solutions, and ongoing innovation initiatives, we are well-positioned to deliver sustainable growth."
| Financial Summary (Unaudited Consolidated Results) | |||
|---|---|---|---|
| RM '000 | Q1 2026 (31.03.2026) | Q1 2025 (31.03.2025) | Change |
| Revenue | 31,287 | 25,036 | +25.0% |
| Profit Before Tax | 5,404 | 4,269 | +26.6% |
| Profit After Tax | 3,982 | 3,164 | +25.9% |
| Basic EPS (sen) | 0.88 | 0.70 | +25.7% |
-- End --
OpenSys
OpenSys (M) Berhad 199501040614 (369818-W)
Level 26, Tower A, Pinnacle PJ
Jalan Utara C, 46200 Petaling Jaya
Selangor Darul Ehsan, Malaysia
+603 7932 7888
+603 7932 7878
http://www.myopensys.com
PRESS RELEASE
About OpenSys (M) Berhad (傲奔系统（马）有限公司)(https://www.myopensys.com/)
OpenSys (M) Berhad is a leading solutions provider for the financial services, telecommunications, and utilities industries. OpenSys provides total assisted-service and self-service solutions together with comprehensive professional and support services to these industries. OpenSys also provides end-to-end managed services outsourcing, particularly for self-service terminals, bill payment kiosks and back-office cheque processing services.
Its customer base includes mainly blue-chip companies such as AEON Credit, Affin Bank, Alliance Bank, AmBank, Bank Islam, Bank Simpanan Nasional, CIMB Bank, Hong Leong Bank, Maybank, MBSB Bank, Public Bank, RHB Bank, Reachful Malaysia, Standard Chartered Bank, UOB, Maxis, TNB, TM, Sabah Electricity, Sarawak Energy and SEDA Malaysia.
OpenSys also established an end-to-end online solar marketplace platform www.buySolar.my to provide the full suite of solar installation services, from cost estimations, solar installer selections and standardized quotation to online monitoring, maintenance and after sales support services. Launched in February 2020, buySolar currently has 32 industry players on board the online platform, namely solar PV service providers, GSPARX Sdn Bhd, Solarvest Holdings Berhad, Verdant Solar Sdn Bhd, Samaiden Sdn Bhd, Yongyang Sdn Bhd, ERS Energy Sdn Bhd, We Power Venture Sdn Bhd, Plus Xynergy Services Sdn Bhd, Brilliant Solar Sdn Bhd, Hasilwan (M) Sdn Bhd, VSD Automation Sdn Bhd, Solar Sunyield Sdn Bhd, PV Hi Tech Solar Sdn Bhd, GT Solar Sdn Bhd, Northern Solar Sdn Bhd, Gading Kencana Sdn Bhd, Milieu Solar Sdn Bhd and Thursinar Corporation Sdn Bhd; solar PV investor Leader Solar Sdn Bhd and SAG Green Tech Sdn Bhd; financial services providers AmBank (M) Berhad, Bank Islam Malaysia Berhad, CIMB Bank Berhad and CIMB Islamic Bank Berhad, Malayan Banking Berhad, Hong Leong Bank Berhad, HSBC Bank Malaysia Berhad, Public Bank Berhad, RHB Bank Berhad, United Overseas Bank (Malaysia) Bhd and Standard Chartered Bank Malaysia Berhad; insurance solutions provider Anora Agency Sdn Bhd underwritten by Allianz General Insurance Company (Malaysia) Berhad and Etiqa General Takaful Berhad; and the market operator of peerto-peer (P2P) financing platform, Fundaztic Peoplender Sdn. Bhd.
OpenSys secured delivery solution, SmartCIT revolutionizes the way Cash-In-Transit (CIT) is currently implemented. It enhances traditional CIT services with cutting edge secured transportation and tracking of cash and valuables with Internet of Things [“IoT”] technology, Artificial Intelligence [“AI”] based automated scheduling, and improved trip management via Big Data Analytics [“BDA”] for dynamic planning and route optimization. It streamlines the processes of cash collection and management while providing a real time view of critical management information on job scheduling, balancing and reconciliation which is crucial to customer's cash collection operations. Equipped with ink-staining technology, SmartCIT will lowers the cost of CIT services and improves efficiency for customers.
OpenSys was listed on the MESDAQ (now known as ACE Market) of Bursa Securities on 29 January 2004. On 12 October 2022, OpenSys successfully transferred its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd. (Bloomberg: OPEN:MK, Reuters: OPYS.KL).
Issued by OpenSys (M) Berhad. For media enquiries, please contact:
Ms Winnie Ong Poh Hong
Email: [email protected]
Tel: 03-7932 7888