Sagtec reports 1H revenue $11.4M, up 144% year-over-year

Net profit rose 308% YoY to $1.9 million, reflecting higher operating income, improved gross margins, and increased other income. Gross profit increased 173% to $2.3 million, supported by robust demand and operating leverage. Cash position strengthened significantly to $454 thousand, compared to $87.9 thousand at the beginning of the period. “Our record-breaking half-year results validate Sagtec’s (SAGT) growth trajectory and resilience. We are delivering innovative, high-demand solutions across Malaysia’s digital ecosystem. Our strategy to scale both recurring software services and smart hardware deployments is yielding strong returns. Looking ahead, we remain committed to expanding our regional footprint and driving sustainable, tech-powered growth across Southeast Asia,” said Kevin Ng, CEO.