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Investor Presentation Financial Results 3Q FY2025 Public Disclaimer: This document and the information contained herein are the intellectual property of CTOS. No portion of it may be copied, distributed, or transmitted in any form, whether electronic, mechanical, or otherwise, without prior written consent from CTOS. The contents are confidential and intended solely for authorized use and limited circulation.
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Key Highlights Performance by Business Segments Financial Review Associate Companies Peers’ Comparison and Targets Table of Contents
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Key Highlights Improving Trajectory Associates’ Contribution Key Management • 3Q 2025 revenue grew by 4% Y oY & 5% QoQ to reach RM83 million • Normalised PATAMI for the quarter was RM25 million, a 14% increase QoQ • 3Q 2025 associates’ contribution was RM8.2 million • JurisT ech’ recorded Y oY & QoQ improvements while others are on track to deliver full year targets • Group CFO appointed with effect from 13 Oct 2025 • Other key management changes progressing as planned
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Key Highlights Performance by Business Segments Financial Review Associate Companies Peers’ Comparison and Targets Table of Contents
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Key Accounts • Sustained momentum observed for existing products. • Recurring revenue remained above 90%, reinforcing model resilience and predictable earnings quality. • Secured new fraud solution contracts with three FIs, with two already live and one targeted to go live in Nov 2025. • Adoption of newly launched products underway, with a few major clients having gone live. 3Q 2025 Updates 4Q 2025 Prospects Figures RM’mil (Revenue) 28.7 29.5 30.3 3Q 2024 2Q 2025 3Q 2025 +3% QoQ +6% YoY 37% 3Q 2025 Revenue Contribution • New product POCs with key clients are progressing, with go live expected in Nov/Dec 2025. • On track to secure portfolio management, data analytics and digital solution contracts in Q4 with leading FIs, enhancing recurring revenues.
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Commercial Figures RM’mil (Revenue) 38% 3Q 2025 Revenue Contribution 34.3 30.1 31.9 3Q 2024 2Q 2025 3Q 2025 +6% QoQ -7% YoY • Momentum in SME business is being maintained and is growing YoY • Programmes linked with government grants are continuing to generate leads for new SME acquisitions • Bulk sales to large data resellers remained soft in 3Q25 but are expected to improve in 4Q. • Strategic accounts segment secured new contracts in compliance products and is currently negotiating for a fraud solution. 3Q 2025 Updates 4Q 2025 Prospects • Rolled out new marketing initiatives with partners to expand SME outreach and promote digital adoption. • Various new products and product enhancements on track to be rolled out in 4Q. • Sales pipeline for strategic accounts expected to contribute positively to recurring revenue in the coming year.
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Direct-To-Consumer (D2C) Figures RM’mil (Revenue) 6.6 9.5 9.9 3Q 2024 2Q 2025 3Q 2025 12% 3Q 2025 Revenue Contribution +4% QoQ +50% YoY • Segment continues to perform well, with 7th consecutive QoQ growth • Growth driven by additional 200K new users (total base of 4.8 million) and continued uptick from new products such as credit monitoring. • Business reports launched in June, showing progressive take up rates despite minimal marketing. 3Q 2025 Updates 4Q 2025 Prospects • Two major partnerships are in progress with the aim to go live within the next two quarters • Mobile app revamp is on track and expected to go live by 4Q 2025.
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International Figures RM’mil (Revenue) • #1 alternative data score provider in Philippines and Indonesia (100% telco coverage in Indonesia). • Onboarded 7 new clients in 3Q 2025 bringing a total of 112 customers. • Major wins come from Philippines, as we see positive effect of the sales team restructuring from H1 • Economic uncertainly and lower loans growth have impacted Indonesian business, and emphasis has been accelerating new client go lives. 3Q 2025 Updates 4Q 2025 Prospects • 1 additional telco in Philippines target to go live in Q4 • Take up of new higher margin products is improving, with a major launch with Philippines customer in Nov 2025 • Improvements in core product model performance to launch in the next two quarters. 3Q 2024 2Q 2025 3Q 2025 11% QoQ 7% YoY 13% 3Q 2025 Revenue Contribution 10.3 9.9 10.9
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Performance by Product
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Key Highlights Performance by Business Segments Financial Review Associate Companies Peers’ Comparison and Targets Table of Contents
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Financial Highlights (RM' Million) 2Q 2024 3Q 2024 1Q 2025 2Q 2025 3Q 2025 QoQ (%) Revenue 76.6 79.8 76.1 79.0 83.0 +5% GP 56.2 56.1 53.4 52.8 55.7 6% (-) Other income/ (expenses) 0.0 -0.5 0.1 0.2 0.0 -81% Selling & Marketing Expenses -10.1 -12.3 -15.4 -13.7 -12.3 -11% Administrative Expenses -22.7 -21.9 -23.8 -22.7 -22.9 +1% Finance Income 0.0 0.0 0.1 0.1 0.1 -27% Finance Cost -2.7 -2.5 -2.6 -2.6 -2.5 -5% Share of Profit of Associates 6.4 10.9 2.8 8.9 8.2 -8% PBT 27.2 29.8 14.5 22.9 26.4 15% (-)Tax Expenses -1.8 -2.3 -0.2 -1.9 -1.9 -1% PAT 25.4 27.5 14.3 21.1 24.6 17% (-) Minority Interest -0.1 -0.1 -0.2 -0.1 -0.1 40% PATAMI 25.5 27.6 14.4 21.2 24.7 17% NORMALISED PATAMI 25.9 28.0 14.8 22.0 25.0 +14% +5% -11% +1% -8% +14% QoQ revenue growth mainly due to improvement across all customer segments Cost optimisations initiated in 1H25 are starting to bear results in 3Q On track to realise full benefits by 4Q QoQ reduced mainly due to lower contribution from RAM QoQ growth driven by higher revenue, coupled with improved operating efficiency (RM’ Million) 2Q 2025 3Q 2025 Right sizing exercise cost -0.8 - Share Based Payment expenses - -0.3 Total -0.8 -0.3
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Profitability Trends GP (RM’ MIL) & MARGIN (%) EBITDA (RM’ MIL) & MARGIN (%) ⧫EBITDA margin improved QoQ, primarily driven by higher revenues and lower costs Figures RM’mil Figures RM’mil 56.1 52.8 55.7 Q3 2024 Q2 2025 Q3 2025 70% 67% 67% 46% 36% 40% 37.1 28.6 33.3 Q3 2024 Q2 2025 Q3 2025 ⧫Gross profit margin was stable QoQ ⧫Improvement expected with product cost optimisation efforts, including phasing out earlier product investments by 2025 3Q 20252Q 20253Q 2024 3Q 20252Q 20253Q 2024 NORM. PATAMI (RM’ MIL) & MARGIN (%) Figures RM’mil 35% 28% 30% ⧫Normalised PATAMI margin improved QoQ, inline with better EBITDA 28.0 22.0 25.0 Q3 2024 Q2 2025 Q3 20253Q 20252Q 20253Q 2024
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Dividend Payout 76.9 75.1 42.5 2023 2024 9M 2025 Payout Ratio (%) Dividend Payout (RM’ Million) 65% 71% 70% ⧫ 3rd interim dividend of 0.75 sen per share, payable on 28 January 2026 ⧫ 3Q 2025 dividend payout ratio of 70%
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Key Highlights Performance by Business Segments Financial Review Associate Companies Peers’ Comparison and Targets Table of Contents
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Associate Companies Share of Associates’ Profit (RM’ Million) JURISTECH RAM 57.675% Market leader in bond credit ratings in Malaysia 49% Market leader in credit related enterprise-class software solutions in Malaysia Market leader in business information in Thailand 26% Experian Information Services (Malaysia) Sdn Bhd 24.825% • Business experienced delays in recognising contracted ratings and surveillance revenues, which led to lower QoQ and YoY results. • These revenues will be recognised in 4Q. • Overall, business remains on track to meet 2025 targets. • Revenue was largely flat YoY due to the deferral of one project to 4Q. • The business remains on track to achieve full-year 2025 targets. • Pipeline continues to be strong, with several projects progressing toward closure. 10.9 8.9 8.2 3Q 2024 2Q 2025 3Q 2025
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Key Highlights Performance by Business Segments Financial Review Associate Companies Peers’ Comparison and Targets Table of Contents
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0.20 0.92 0.94 0.98 CTOS EXPERIAN EQUIFAX TRANSUNION Net Gearing Ratio Average Peers 39.8x 22.4 38.2 42.4 38.8 22.3 30.8 27.4 18.8 CTOS EXPERIAN EQUIFAX TRANSUNION LTM Reported P/E LTM Normalised P/E Peers’ Comparison NET GEARING (x)LTM PE (x) Average Peers 0.94x Source: Company (1) CTOS calculation using market cap as of 22nd October divided by LTM NPATMI, including 3Q25 results (2) CTOS’ gearing is computed as at 30 October 2025
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Financial Targets Note: Figures are for internal management targets and for simulation purposes only REVENUE EBITDA NORM. PATAMI Audited FY2024 FY2025 Internal Management Target RM305m RM139m RM107m RM315m – 325M RM110m – 120M RM85m – 90M
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Thank you Financial Results 3Q FY2025 CTOS Investor Relations Contact: Orealia Anne Soliano orealia.anne@ctos.com.my IR@ctos.com.my