Revenue growth remains highly erratic, characterized by a 136% surge in 2025Q2 followed by a 12.1% decline in 2025Q4, while gross margins compressed to 26.4% due to hardware procurement costs.
| Sales/Revenue | 73.42M | 52M | 29.28M | 13M |
| Revenue Growth % | 41.19% | 77.59% | 125.24% | - |
| Cost of Goods Sold | 57.03M | 39.84M | 21.11M | 7.96M |
| COGS % of Revenue | 77.67% | 76.62% | 72.1% | 61.22% |
| Gross Profit | 16.39M | 12.16M | 8.17M | 5.04M |
| Gross Margin % | 22.33% | 23.38% | 27.9% | 38.78% |
| Gross Profit Growth % | 34.82% | 48.85% | 62.04% | - |
| Operating Expenses | 8.19M | 2.67M | 2.07M | 1.81M |
| OpEx % of Revenue | 11.16% | 5.13% | 7.05% | 13.91% |
| Selling, General & Admin | 8.19M | 2.67M | 2.73M | 1.81M |
| SG&A % of Revenue | 11.16% | 5.13% | 9.32% | 13.91% |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -662.7K | 0 |
| Operating Income | 8.2M | 9.49M | 6.1M | 3.23M |
| Operating Margin % | 11.17% | 18.25% | 20.84% | 24.87% |
| Operating Income Growth % | -13.57% | 55.49% | 88.76% | - |
| EBITDA | 11.82M | 11.23M | 7.84M | 4.66M |
| EBITDA Margin % | 16.09% | 21.6% | 26.79% | 35.83% |
| EBITDA Growth % | 5.19% | 43.2% | 68.4% | - |
| D&A (Non-Cash Add-back) | 3.61M | 1.74M | 1.74M | 1.42M |
| EBIT | 8.2M | 9.8M | 6.19M | 3.25M |
| Net Interest Income | -233.12K | -262.18K | -164.49K | -36.4K |
| Interest Income | 0 | 0 | 0 | 0 |
| Interest Expense | 233.12K | 262.18K | 164.49K | 36.4K |
| Other Income/Expense | 949.09K | 49.57K | -79.29K | -24.05K |
| Pretax Income | 9.15M | 9.54M | 6.02M | 3.21M |
| Pretax Margin % | 12.46% | 18.34% | 20.57% | 24.68% |
| Income Tax | 2.24M | 2.37M | 1.37M | 845.25K |
| Effective Tax Rate % | 24.49% | 24.88% | 22.69% | 26.34% |
| Net Income | 6.71M | 6.93M | 4.48M | 2.47M |
| Net Margin % | 9.14% | 13.32% | 15.29% | 19% |
| Net Income Growth % | -3.1% | 54.74% | 81.19% | - |
| Net Income (Continuing) | 6.91M | 7.17M | 4.66M | 2.36M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 800.2K | 592.07K | 352.97K | 1.13M |
| EPS (Diluted) | 0.34 | 0.55 | 0.41 | 0.23 |
| EPS Growth % | -38.18% | 34.15% | 78.26% | - |
| EPS (Basic) | 0.34 | 0.55 | 0.41 | 0.23 |
| Diluted Shares Outstanding | 19.65M | 12.55M | 12.55M | 10.8M |
| Basic Shares Outstanding | 19.65M | 12.55M | 12.55M | 10.8M |
| Dividend Payout Ratio | - | - | - | - |
Hardware-heavy margin compression
As indicated by the quarterly financial data, SAGT experienced a significant revenue contraction of 12.1% in 2025Q4 compared to previous periods, following a volatile trajectory that saw a 136% surge in 2025Q2, suggesting that the company's top-line performance remains highly sensitive to lumpy project-based hardware deployments.
The extreme variance in quarterly revenue suggests that SAGT's growth is not yet driven by a stable, recurring SaaS base but rather by episodic hardware sales. Investors should monitor whether this volatility reflects seasonal demand in the Malaysian F&B sector or an inability to maintain a consistent sales pipeline.
Based on the most recent income statement filings, SAGT's gross margin compressed to 26.4% in 2025Q4, down from a peak of 36.5% in 2025Q3, highlighting the company's vulnerability to fluctuating hardware procurement costs and limited pricing power within the competitive Malaysian SME technology landscape.
The inability to sustain gross margins above 30% suggests that the company's hardware-tethered business model lacks the operating leverage typically associated with pure-play software firms. This margin profile warrants further investigation into whether the company is forced to sacrifice profitability to maintain market share against regional incumbents.
According to reported figures, SAGT's operating margin plummeted to 2.7% in 2025Q4, a sharp decline from the 23.4% margin achieved in 2025Q3, indicating that SG&A expenses are not scaling efficiently relative to the company's volatile revenue base and high variable cost structure.
The rapid deterioration in operating income suggests that the company's cost base is becoming increasingly rigid, potentially due to the overhead required to support physical hardware infrastructure. This trend implies that any further revenue weakness could quickly lead to operating losses, as seen in the most recent quarter.
As reported in financial statements, the company's transition to a net loss of $659,000 in 2025Q4, despite previous periods of profitability, raises significant questions regarding the long-term viability of its current business model and the potential for persistent cash burn in a high-inflation environment.
Short-sellers would likely focus on the mismatch between the company's software-centric branding and its hardware-heavy financial reality, which appears to be failing to generate consistent bottom-line growth. The reliance on physical kiosks and power banks may create a capital-intensive cycle that prevents the company from achieving the scalability required for a premium software valuation.
Quick answers to the most common questions about buying SAGT stock.
For fiscal year 2025, SAGTEC GLOBAL Ltd (SAGT) reported total revenue of $73.4M. This represents a 464.7% increase compared to $13.0M in 2022.
SAGTEC GLOBAL Ltd (SAGT) is profitable, generating $6.7M in net income for the fiscal year ending 2025 with a net profit margin of 9.1%.
SAGTEC GLOBAL Ltd (SAGT) reported an operating income of $8.2M, resulting in an operating profit margin of 11.2%. This margin reflects the operational efficiency of the business before interest and taxes.
SAGTEC GLOBAL Ltd (SAGT) generated $16.4M in gross profit for the year, representing a gross profit margin of 22.3%. This demonstrates the company's core pricing power and production efficiency.