Sagtec achieved record revenue of US$19.1 million for fiscal year 2025, representing a 49% year-over-year (YoY) increase.
Gross profit increased by 45% YoY to US$4.3 million, driven by strong revenue growth.
Revenue contribution from the Speed+ smart ordering and QR ordering system subscriptions increased to 62% in 2025, reflecting strong market adoption.
Data management and analytics services recorded steady growth, contributing 14.5% of total revenue in 2025.
The company is becoming more scalable and sustainable by focus growing its Software subscription revenue recurring income and relying less on One-Off Sales, which makes revenue more stable and consistently growth.
"We are pleased to report a year of outstanding performance in 2025, marked by continued revenue growth and improved operational scale. These results reflect the strength of our business model, increasing market adoption of our solutions, and the disciplined execution of our strategic priorities. During the year, we made meaningful progress in expanding our core offerings, strengthening our recurring revenue base, and enhancing our operational capabilities. As we move forward, we remain focused on driving sustainable growth, improving margins, and deepening our presence in key regional markets, including Indonesia, Hong Kong, and across Southeast Asia. We believe our continued investment in technology, innovation, and strategic partnerships positions us well to capture emerging opportunities and deliver long-term value to our clients, shareholders, and stakeholders," said Kevin Ng Lok, Chairman, Executive Director and Chief Executive Officer of Sagtec.
FINANCIAL RESULTS
Revenue was US$19.1 million for the financial year ended December 31, 2025, representing an increase of 49% YoY from US$12.8 million for the financial year ended December 31, 2024. The growth in revenue is primarily driven by strong performance across all core verticals, both services provided and tangible products, supported by the expansion into new markets.
Revenue from services increased by 62% to US$12.2 million for the financial year ended December 31, 2025, compared to US$7.6 million for the financial year ended December 31, 2024. This growth was primarily driven by strong client retention through subscription renewals, as well as successful acquisition of new subscribers.
Revenue from tangible products grew by 26% to US$6.6 million for the financial year ended December 31, 2025, compared to US$5.3 million for the financial year ended December 31, 2024. This increase was mainly driven by higher distribution of food ordering kiosks, in response to changing market behavior and ongoing labor shortages in the F&B industry. In addition, increased revenue from power bank charging stations reflects the success of the Company's expansion strategy via dealers and resellers.
Revenue from rentals was US$0.3 million for the financial year ended December 31, 2025, compared to nil for the financial year ended December 31, 2024, arising from the newly introduced coffee machine kiosk rental business. As there were no comparable rental revenues in fiscal year 2024, a year-over-year percentage comparison is not meaningful (N/M). This initiative aligns with the Group's diversification strategy and leverages the growing automation trend in the beverage retail sector. Supported by the Group's in-house Speed+ capabilities and software customization expertise, this new business vertical demonstrates promising growth potential, albeit with a relatively longer payback period compared to direct sales.
For the Fiscal Year Ended December 31
2025
2024
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