SNS Network registers record profit in 1Q on strong ICT hardware, AI sales

KUALA LUMPUR: SNS Network Technology Bhd registered a record quarterly net profit of RM10.24mil on revenue of RM822.75mil in the first financial quarter ended April 30, 2025 (1QFY26).

This compares to a net profit of RM3.74mil and revenue of RM213.59mil in the same quarter a year earlier.

Earnings per share in the quarter under review jumped to 0.61 sen from 0.23 sen previously.

According to the company, 1QFY26 revenue soared 285.2% year-on-year (y-o-y) due to strong sales in the commercial and online store channels, particularly for ICT hardware and AI-related systems.

The commercial channel remained the dominant contributor, accounting for 88.4% of total revenue, followed by the online store (7.7%), physical stores (3.6%), and services (0.3%).

The company declared an interim dividend of 0.25 sen per share, payable on Aug 28, 2025.

SNS Network managing director Ko Yun Hung said the record-setting performance was owing to the group’s strategic focus on high-growth segments such as AI infrastructure, as well as the continued strength of its commercial ICT business. 

“We are encouraged by the strong interest in our AI server solutions and infrastructure setup services, especially from data centres and enterprise clients looking to accelerate digital transformation,” he said in a statement.

On the company’s outlook, he said positive momentum is expected to continue into FY26, driven by strong demand for AI servers and infrastructure alongside a technology refresh cycle, as consumers and businesses that purchased devices during the COVID-19 period begin upgrading to newer models. 

“This growth is further supported by continuous advancements in ICT and AI technologies, which are accelerating the need for faster, more powerful, and efficient systems across industries,” Ko added.