Kuala Lumpur, Malaysia, July 23rd, 2026, FinanceWire
Chairman and CEO Ng Chen Lok Shares How Sagtec Is Executing Its Long-Term Growth Strategy
Sagtec Global Limited (NASDAQ: SAGT), a leading provider of AI-driven technology solutions across Southeast Asia, today released a first-half 2026 shareholder letter from Chairman and Chief Executive Officer Kevin Ng Chen Lok. The letter highlights the Company’s strategic progress, AI commercialization initiatives, and execution of its long-term growth strategy following a record fiscal year 2025.
Letter to Shareholders from Ng Chen Lok, Chairman and CEO
Fellow Shareholders,
As we reach the midpoint of 2026, I am pleased to share the meaningful progress Sagtec has made in executing our long-term growth strategy. Following a record financial year in 2025, our focus has shifted from building a scalable foundation to accelerating commercialization, expanding our AI ecosystem, and strengthening our recurring revenue platform.
Strong First-Half Performance
Our record FY2025 performance delivered revenue of US19.1 million (49% YoY growth) and gross profit of US4.3 million (up 45%). Software subscription revenue continued to strengthen, with our Speed+ platform contributing 62% of total revenue.
For the first half of 2026, based on preliminary unaudited estimates, the Company expects revenue of approximately US11.23 million and gross profit of approximately US3.12 million, demonstrating strong operational momentum across key initiatives.
Expanding Our AI Platform
Artificial intelligence remains at the core of Sagtec’s long-term growth strategy:
- Sage AI: Launched our enterprise AI platform and secured a US$1.1 million enterprise deployment.
- Sovereign AI Data Center: Announced the development of Malaysia’s Sovereign AI Data Center to provide secure computing infrastructure and support regional data sovereignty.
- Halo AI POS System: Officially launched an AI-powered POS solution for chain retailers and multi-outlet restaurants, targeting approximately 10,000 subscribers by 2027 to generate US$1.0 million in annual recurring subscription revenue.
Strategic Partnerships & Enterprise Pipeline
A major H1 2026 milestone was our proposed acquisition of a majority stake in Malaya Heritage, a rapidly growing food and beverage operator, integrating Sagtec’s technology and digital payment ecosystem into consumer businesses. We also expanded our smart property ecosystem through strategic collaborations to embed AI and automation into future property developments.
Beyond recurring software subscriptions, we continue to secure higher-value enterprise engagements through our subsidiary, CL Technologies (International) Sdn. Bhd., spanning AI implementation, cloud infrastructure, smart property tech, and data analytics.
Disciplined Execution & Unlocking Shareholder Value
During H1 2026, we secured additional project funding participation to support strategic expansion while maintaining disciplined capital allocation.
To maximize long-term shareholder value, Sagtec is currently working with advisers to evaluate the potential spin-off and separate independent listing of its subsidiary, CL Technologies (International) Sdn. Bhd. A potential spin-off could provide greater strategic flexibility and enhanced access to growth capital for both entities.
Looking Ahead
As we enter the second half of 2026, Sagtec continues its evolution from a regional software provider into an integrated AI technology platform. On behalf of the Board of Directors, I thank our employees, partners, and shareholders for their trust and continued support.
Sincerely,
Ng Chen Lok
Chairman, CEO and Executive Director, Sagtec Global Limited
About Sagtec Global Limited
Sagtec Global Limited (NASDAQ: SAGT) is a Nasdaq-listed technology solutions specialist headquartered in Kuala Lumpur, Malaysia. The company provides customizable enterprise software solutions, AI-powered technologies, and digital transformation services—including its Speed+ smart ordering system and AI-driven SaaS platforms—serving over 12,000 clients across Malaysia, Southeast Asia, and the Middle East. For more information, users can www.sagtec-global.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks regarding planned platform launches, revenue targets, data center development, and potential corporate spin-offs. Actual results may differ materially due to market adoption, competition, and regulatory changes. The Company undertakes no obligation to update forward-looking statements except as required by law.
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