Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
On April 29, 2026, Sagtec Global Limited (the
“Company”) issued a press release dated April 29, 2026, announcing its financial results for the full year ended December
31, 2025.
A copy of the press release is furnished as Exhibit
99.1 to this report on Form 6-K.
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Exhibit 99.1
Sagtec Global
Limited Achieves Record Revenue of US$19.1 Million in Fiscal Year 2025, Marking 49% Year-over-Year Growth
KUALA LUMPUR, MALAYSIA,
April 29, 2026 (GlobeNewswire) – Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading
provider of customizable software solutions, today announced its audited financial results for the financial year ended December 31,
2025 (the “Financial Results”).
| ● | 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 focusing on growing its software subscription revenue, increasing recurring income
and relying less on one-off sales, making revenue more stable and ensuring consistent 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 Chen 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 | | |
Change | |
| | |
USD | | |
USD | | |
% | |
| Revenue from services | |
| 12,213,551 | | |
| 7,553,625 | | |
| 62 | % |
| Revenue from tangible products | |
| 6,631,952 | | |
| 5,258,837 | | |
| 26 | % |
| Revenue from rentals | |
| 252,803 | | |
| - | | |
| N/M | % |
| Total Revenue | |
| 19,098,306 | | |
| 12,812,462 | | |
| 49 | % |
Cost of Service was US$14.8 million for the financial
year ended December 31, 2025, representing an increase of 50% from US$9.8 million for the financial year ended December 31, 2024.
| ● | Cost of services increased by 55% to US$10.1 million, compared to US$6.5 million in fiscal year 2024,
mainly due to higher server capacity and maintenance costs in line with subscriber growth. |
| ● | Cost of tangible products increased by 40% to US$4.5 million, compared to US$3.2 million in fiscal year
2024, driven by higher sales volume and associated operational costs. |
| ● | Cost of rentals increased by 97% to US$0.16 million for the financial year ended December 31, 2025, from
US$0.08 million for the financial year ended December 31, 2024, primarily due to the expansion of rental operations and higher associated
maintenance and operating costs. |
| | |
2025 | | |
2024 | | |
Change | |
| | |
USD | | |
USD | | |
% | |
| Cost of Sales - Services | |
| 10,130,547 | | |
| 6,546,430 | | |
| 55 | % |
| Cost of Sales – Tangible Products | |
| 4,465,413 | | |
| 3,189,182 | | |
| 40 | % |
| Cost of Sales - Rental | |
| 159,606 | | |
| 81,174 | | |
| 97 | % |
| Total | |
| 14,755,566 | | |
| 9,816,786 | | |
| 50 | % |
Director compensation increased by 49% to US$0.25
million for the financial year ended December 31, 2025, compared to US$0.17 million for the financial year ended December 31, 2024, reflecting
performance-based incentives aligned with business growth.
Operating income decreased to US$2.1 million for
the financial year ended December 31, 2025, representing a 9% decrease from US$2.3 million for the financial year ended December 31, 2024.
The decline was primarily attributable to higher operating expenses, including increased depreciation and expansion-related costs.
EBITDA was US$3.4 million for the financial year
ended December 31, 2025, representing a margin of 17.8%, compared to US$2.8 million for the financial year ended December 31, 2024. The
increase of 18.7% was primarily driven by higher operating scale, partially offset by increased depreciation and expansion-related costs.
Net profit for the financial year ended December
31, 2025, amounted to US$1.8 million, representing a US$0.03 million increase from a net profit of US$1.77 million for the financial year
ended December 31, 2024.
Basic and diluted earnings per share were US$0.09
for the financial year ended December 31, 2025, compared to US$0.16 for the financial year ended December 31, 2024, representing a decrease
of US$0.07, or 44%, primarily due to an increase in the number of shares outstanding.
CASH POSITION AND CAPITAL ALLOCATION
Net cash generated from operating activities was
US$4.1 million in fiscal year 2025, representing a significant increase of 187% from US$1.4 million in fiscal year 2024. The increase
was mainly driven by higher profit before tax, adjusted for non-cash items, together with favorable changes in working capital, including
increases in other receivables and prepayments, trade payables, other payables, and accrued liabilities, as well as a reduction in trade
receivables. The improvement in operating cash flow reflects enhanced collection efficiency, disciplined working capital management, and
increased business activity following the IPO.
Net cash used in investing activities amounted
to US$7.0 million in fiscal year 2025, representing an increase of 480% compared to US$1.2 million in fiscal year 2024. Capital expenditures
were primarily incurred for the acquisition of plant and equipment to support new business segments and technological upgrades, partially
offset by proceeds from the disposal of plant and equipment. The increase in capital investment is in line with the Group’s post-IPO
strategy to enhance operational capacity, strengthen infrastructure, and support long-term growth.
Net cash generated from financing activities increased
to US$5.1 million in fiscal year 2025, representing a significant increase from US$64 thousand in fiscal year 2024. The increase was primarily
driven by proceeds from the issuance of new share capital in connection with the IPO, as well as additional bank borrowings, partially
offset by repayments of lease liabilities and bank loans, and placements in fixed deposits. These financing inflows strengthened the Company’s
liquidity position and supported its expansion and capital investment initiatives during the year.
Cash and cash equivalents stood at US$2.3 million
as of December 31, 2025, representing a significant increase compared to US$91 thousand as of December 31, 2024. This balance includes
cash on hand, bank balances, and cash held in share trading accounts. While the Company’s cash position improved significantly compared
to the prior year, it continues to actively monitor and manage its liquidity to ensure sufficient working capital to support operations
and growth initiatives.
ABOUT SAGTEC GLOBAL LIMITED
Sagtec Global Limited (NASDAQ: SAGT) is a Nasdaq-listed technology
company specializing in POS systems and enterprise software solutions, now expanding into strategic operating assets to create vertically
integrated revenue streams.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements regarding Sagtec’s
growth prospects, AI platform adoption, expansion into new markets and future monetization strategies. These statements are based on current
expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those
expressed or implied.
The proposed transaction described in this release remains subject
to due diligence, negotiation and execution of definitive agreements, and customary closing conditions, and there can be no assurance
that the transaction will be completed as contemplated.
Sagtec undertakes no obligation to update any forward-looking statements
except as required by law.
CONTACT INFORMATION:
Sagtec Global Limited Contact:
Zainab Fateema binti Mustafa
Head of Public Relations & Corporate Affairs
Telephone +6011-6217 3661
Email: info.pr@sagtec-global.com
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