Sagtec Global Limited announced audited financial results for the year ended December 31 2025, reporting revenue of US$19.1 million—a 49% increase from US$12.8 million in FY 2024. Operating income fell to US$2.1 million, down 9% from US$2.3 million, while net profit rose modestly to US$1.8 million from US$1.77 million. EBITDA reached US$3.4 million, reflecting a 17.8% margin versus 15.7% in the prior year.
Revenue growth was driven by a 62% increase in services revenue, largely from the Speed+ subscription platform, and a 26% rise in tangible product sales. The company’s strategic shift to focus on machine sales and third‑party maintenance, after discontinuing rental services, has broadened its recurring revenue base and supported the higher service mix. Expansion into Southeast Asia has also contributed to the top‑line momentum.
Operating income compression was largely attributable to higher depreciation and expansion costs associated with the company’s growth initiatives. Despite this, EBITDA margin improved because the higher mix of high‑margin SaaS and subscription revenue offset the impact of the one‑time capital expenditures. The company’s focus on scalable software solutions has strengthened its core profitability profile.
CEO Kevin Ng Chen Lok said, "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." He added that the firm is "driving sustainable growth, improving margins, and deepening our presence in key regional markets."
Investors responded positively to the results, citing the record revenue growth, the shift to a recurring revenue model, and the company’s expansion into new markets as key drivers of confidence. Analysts highlighted the strong EBITDA margin and the company’s disciplined cost management as evidence of effective execution.
The results underscore Sagtec’s trajectory toward a more scalable, subscription‑centric business. While operating income pressure from expansion costs remains a short‑term challenge, the company’s improved EBITDA margin and growing service mix position it well for continued growth and margin recovery in the coming years.
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