DailySpaceIFCA MSC Berhad
0023 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 275 entries read2023 至 2025 年报，共读出 275 条
The company这家公司
IFCA MSC Berhad develops and provides business software solutions for the property, construction and hospitality industries.IFCA MSC Berhad 致力于为房地产业、建筑业及酒店业开发并提供商业软件解决方案。
Source: annual report 2023, page 5.出处：2023 年年报第 5 页。
In 2025, revenue from Malaysia was 62.7% (RM56.8 million), China was 24.8% (RM22.4 million), Indonesia was 11.4% (RM10.3 million), and international markets were 1.1% (RM1.0 million).2025 年，马来西亚市场占营业额的 62.7%（RM56.8 million），中国占 24.8%（RM22.4 million），印度尼西亚占 11.4%（RM10.3 million），其他国际市场占 1.1%（RM1.0 million）。
Source: annual report 2025, pages 6, 7, 161.出处：2025 年年报第 6、7、161 页。
Annual recurring income was RM45.8 million in 2024 and grew to RM48.3 million in 2025 as the group converted its core business into a SaaS pricing model.随着集团将核心业务转型为 SaaS 计费模式，年度经常性收入从 2024 年的 RM45.8 million 增长至 2025 年的 RM48.3 million。
Source: annual report 2024, page 7; annual report 2025, page 7.出处：2024 年年报第 7 页；2025 年年报第 7 页。
IFCA Software (Asia) Sdn Bhd held 33.11% of shares (198,604,643 shares), while Executive Chairman Yong Keang Cheun held 2.30% directly (13,821,945 shares) and 35.25% indirectly, and Executive Deputy Chairman Yong Kian Keong held 2.14% directly (12,840,365 shares) and 35.42% indirectly at the end of 2025. Yong Keang Cheun and Yong Kian Keong are brothers.截至 2025 年底，IFCA Software (Asia) Sdn Bhd 持有 33.11% 股份（198,604,643 股）；执行主席 Yong Keang Cheun 直接持有 2.30%（13,821,945 股）、间接持有 35.25%；执行副主席 Yong Kian Keong 直接持有 2.14%（12,840,365 股）、间接持有 35.42%。Yong Keang Cheun 与 Yong Kian Keong 为兄弟关系。
Source: annual report 2023, page 13; annual report 2025, page 203.出处：2023 年年报第 13 页；2025 年年报第 203 页。
The Chief Executive Officer position was vacant from 1 October 2019, with Yong Kian Keong as acting Chief Executive Officer from 1 March 2022. On 28 February 2025 he resigned from that post and Executive Chairman Yong Keang Cheun was appointed Chief Executive Officer.行政总裁一职自 2019 年 10 月 1 日起悬空，Yong Kian Keong 自 2022 年 3 月 1 日起担任代行政总裁。2025 年 2 月 28 日他辞去该职，执行主席 Yong Keang Cheun 受委为行政总裁。
Source: annual report 2023, page 21; annual report 2024, page 13; annual report 2025, page 22.出处：2023 年年报第 21 页；2024 年年报第 13 页；2025 年年报第 22 页。
Revenue by geography, 20252025 年各地区营业额占比
Source: annual report 2025, page 7.出处：2025 年年报第 7 页。
Major events大事记
Source: annual report 2023, page 7.出处：2023 年年报第 7 页。
Source: annual report 2024, page 10.出处：2024 年年报第 10 页。
Source: annual report 2024, page 8.出处：2024 年年报第 8 页。
Source: annual report 2024, page 13; annual report 2025, page 22.出处：2024 年年报第 13 页；2025 年年报第 22 页。
Source: annual report 2025, page 138.出处：2025 年年报第 138 页。
Revenue, profit and cash balances营业额、盈利与现金结余
Total assets and total equity总资产与总权益
20232023 年
Apart from finance leases, the group maintained zero bank borrowings. Approximately RM2.0 million was invested in R&D activities during FY2023, and deferred development costs stood at RM16,572,588 at year end. A first and final single tier dividend of 0.5 sen per share amounting to RM3.1 million was recommended, and 3,086,100 shares were held as treasury shares.除融资租赁外，集团保持无银行借款。2023 财年投入约 RM2.0 million 用于研发活动，年底递延开发成本为 RM16,572,588。公司建议派发每股 0.5 仙、总额 RM3.1 million 的首期兼终期单层股息，并持有 3,086,100 股库存股。
Source: annual report 2023, pages 7, 8, 36, 67.出处：2023 年年报第 7、8、36、67 页。
20242024 年
The group maintained zero borrowings. Approximately RM4.7 million was invested in R&D activities. An interim dividend of 1.5 sen per share amounting to RM9.0 million was paid in December 2024, a final dividend of 1 sen per share was recommended, and 2,230,000 shares were bought back from the open market, bringing treasury shares to 5,316,100.集团继续维持无借款状态。投入约 RM4.7 million 用于研发活动。2024 年 12 月派发了每股 1.5 仙、总额 RM9.0 million 的中期股息，并建议派发每股 1 仙的终期股息。此外在公开市场回购 2,230,000 股，使库存股增至 5,316,100 股。
Source: annual report 2024, pages 7, 8, 36, 66.出处：2024 年年报第 7、8、36、66 页。
20252025 年
The group remained debt-free, while cash reserves decreased from RM76.7 million to RM70.0 million following a dividend payout of RM6.0 million and share repurchases of RM1.0 million. Approximately RM5.1 million was invested in R&D activities. A new office building was acquired in Indonesia, and a wholly-owned subsidiary AIX Technology Sdn. Bhd. was incorporated with share capital of RM500,000. 3,156,800 shares were bought back, bringing treasury shares to 8,472,900, and no dividend was proposed.集团保持无债务状态，但在支付 RM6.0 million 股息及 RM1.0 million 股票回购后，现金储备从 RM76.7 million 降至 RM70.0 million。研发投入约 RM5.1 million。印尼团队购置了一栋新办公楼，并成立了发行股本 RM500,000 的全资子公司 AIX Technology Sdn. Bhd.。年内回购 3,156,800 股，库存股达到 8,472,900 股，本年度未建议派息。
Source: annual report 2025, pages 7, 9, 37, 62, 138.出处：2025 年年报第 7、9、37、62、138 页。
Across the three years三年合看
In 2024, the group adopted a new capital allocation framework to retain not more than RM70 million in cash on the balance sheet for business expansion and potential acquisitions, while distributing excess cash as dividends. When cash levels reached the RM70 million threshold at end 2025, no dividend was proposed under the framework.2024 年，集团通过了新的资本分配框架，计划在资产负债表上保留不超过 RM70 million 现金，用于业务扩张和潜在收购，将多余现金通过股息分发给股东。随着 2025 年底现金水平触及 RM70 million 的门槛，根据该框架未建议派发股息。
Source: annual report 2024, page 10; annual report 2025, page 7.出处：2024 年年报第 10 页；2025 年年报第 7 页。
Still to be spent尚未支出的承诺与资金
At 31 December 2025, RM6,257,460 was tied up in software development that had not yet commenced commercial production, compared to RM6,865,089 in 2024 and RM3,224,002 in 2023. The group continues to hold RM70.0 million in cash reserves for business expansion and potential acquisitions.截至 2025 年 12 月 31 日，尚有 RM6,257,460 投入于尚未投入商业化生产的软件开发中，而 2024 年为 RM6,865,089，2023 年为 RM3,224,002。集团继续保持 RM70.0 million 现金储备，用于业务扩张和潜在收购。
Source: annual report 2023, page 125; annual report 2024, page 135; annual report 2025, pages 7, 11, 130.出处：2023 年年报第 125 页；2024 年年报第 135 页；2025 年年报第 7、11、130 页。
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 75,476 | 78,092 | 106,045 | 90,563 |
| Profit before taxation税前盈利 | (2,694) | 5,068 | 26,462 | 9,088 |
| Profit after taxation税后盈利 | (4,197) | 2,668 | 19,053 | 6,450 |
| Total assets总资产 | 148,825 | 155,801 | 165,516 | 155,300 |
| Total liabilities总负债 | 31,329 | 34,836 | 41,396 | 34,044 |
| Total equity总权益 | 117,496 | 120,964 | 124,120 | 121,256 |
| Fixed deposits, cash and bank balances定期存款、现金及银行结余 | 72,809 | 78,834 | 76,731 | 70,013 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| To complete API integration and guidelines for government E-invoice implementation starting 1 August 2024为应对政府自 2024 年 8 月 1 日起的电子发票要求，完成 API 接口集成与相关合规指南 | Over 200 customers went live with IFCA E-Invoice by 2024 report, increasing to over 400 customers by 2025 report.到 2024 年报时已有超过 200 家客户上线使用 IFCA 电子发票，到 2025 年报时增至 400 多家。 Source: annual report 2023, pages 8, 10; annual report 2024, page 7; annual report 2025, page 7.出处：2023 年年报第 8、10 页；2024 年年报第 7 页；2025 年年报第 7 页。 | Carried out已执行 |
| To complete R&D and introduce mobile internet cloud solutions in the local market完成研发并在本地市场推出移动互联网云端解决方案 | X-series cloud-based solutions were launched to over 250 customers in 2024, followed by AI-enhanced features across product modules in 2025.X 系列云端解决方案于 2024 年面向 250 多家客户正式推出，2025 年进一步推广涵盖各模块的 AI 增强功能。 Source: annual report 2023, page 8; annual report 2024, page 8; annual report 2025, page 11.出处：2023 年年报第 8 页；2024 年年报第 8 页；2025 年年报第 11 页。 | Launched已推出 |
| To extend reach in the China market to over 150 major cities through a local partner program通过本地合作伙伴计划将中国市场业务推向 150 多个主要城市 | The partner program remained active across 150 major cities in 2024 and resources were deployed in 150 targeted cities in 2025.合作伙伴计划在 2024 年保持活跃并覆盖 150 多个主要城市，2025 年继续在 150 个目标城市配置资源。 Source: annual report 2023, page 8; annual report 2024, page 8; annual report 2025, page 8.出处：2023 年年报第 8 页；2024 年年报第 8 页；2025 年年报第 8 页。 | Still in progress推进中 |
| A dedicated project team in Indonesia, and significant contributions from the Indonesian market expected in the near future在印尼设立专属项目团队，并预计印尼市场在不久的将来带来显著贡献 | A new office building was acquired in Indonesia in 2025 for growing headcount, while segment revenue changed from RM11.7 million in 2024 to RM10.3 million in 2025.2025 年印尼团队购置了新办公楼以应对人员增长，而分部营业额由 2024 年的 RM11.7 million 变为 2025 年的 RM10.3 million。 Source: annual report 2024, pages 8, 167; annual report 2025, pages 8, 62, 161.出处：2024 年年报第 8、167 页；2025 年年报第 8、62、161 页。 | Team being set up; Indonesia revenue lower in 2025团队设立中；2025 年印尼营业额下降 |
| Recommended a final single-tier dividend of 1 sen per share for FY2024建议派发 2024 财年每股 1 仙的终期单层股息 | Paid on 26 June 2025, totalling RM6,016,748.于 2025 年 6 月 26 日派发，共计 RM6,016,748。 Source: annual report 2024, page 66; annual report 2025, page 75.出处：2024 年年报第 66 页；2025 年年报第 75 页。 | Paid已派发 |
What the reports leave open年报留下待看的事
- Whether the SaaS transformation strategy will convert short-term revenue and profit reductions into higher recurring revenue over time.SaaS 业务转型能否在未来将平缓的短期收入和利润化为更高的经常性收入。
Source: annual report 2025, pages 6, 7.出处：2025 年年报第 6、7 页。
- Whether cash reserves remain around the RM70.0 million threshold or rise enough to resume dividend payments under the capital allocation framework.现金储备是否能维持在 RM70.0 million 的门槛之上，以便根据资本分配框架恢复派息。
Source: annual report 2025, pages 7, 11.出处：2025 年年报第 7、11 页。
- Whether the AI-enhanced features across product modules will generate new high-margin revenue streams as anticipated.跨产品模块的 AI 增强功能能否如预料般带来全新的高利润率收入来源。
Source: annual report 2025, page 11.出处：2025 年年报第 11 页。
- Whether a permanent external Chief Executive Officer will be appointed to replace Executive Chairman Yong Keang Cheun in managing day-to-day operations.公司是否会选聘到合适的常设首席执行员，以接替兼任该职的执行主席 Yong Keang Cheun 管理日常运营。
Source: annual report 2025, pages 22, 23.出处：2025 年年报第 22、23 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-24.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-24。