This article was first published on August 4, 2025 – August 10, 2025 in Edge, Malaysia
These are early days as they become a new substantial revenue stream for information technology solutions company Infomina Bhd (KL:INFOM), which could move into the artificial intelligence (AI) space.
In an exclusive interview at Infomina's headquarters in Kuala Lumpur, its CEO and managing director E-Cheemen said the advantage of the company's niche is its exposure and involvement with C-Suite executives and corporate architects, allowing it to work with banks and key customers including “data conversion” and “modernization” during the “digital rush” and “modernization.”
“That was how we got into the data. [bulk processing and integration]working with supercomputers to process and integrate data, making it available for use in a variety of applications,” says Yee.
He adds that the company's unique position allows it to understand and contextualize data for a particular business application, giving Infomina an edge in meeting clients' business needs.
To this end, Infomina announced Aimod in August. Aimod is an Ai-Evabled Self-Serve data analysis and modeling solution with a virtual AI assistant built on an agent AI data analysis platform. Simply put, the product acts as a “custom-to-hand enterprise-grade version of CHATGPT.”
“Think of it as software that follows fixed rules written by humans. AI can learn patterns from data and adapt or improve over time. Not all actions are hard-coded. It becomes a special kind of software that allows you to grasp the answers, learn why and make decisions on its own.
YEE shares that Infomina has already concluded two Simod customer deals. It is a financial company and government-related institution.
“Interest from advance launches creates significant opportunities and marks the market demand and preparation for our products,” says Yee.
Infomina was listed on Bursa Market in Malaysia on November 25, 2022, raising RM32.47 million at an issuance price of 40 sen per share, with two major business segments. Management of technology infrastructure. Maintenance and support services. Technology infrastructure solutions contributed 85.7% and 14.3% to group revenue for the fourth quarter ended May 31, 2025, respectively.
Products for AI efficiency, privacy and transparency
“People have always considered AI as a chatbot only. People think that all their data can be dumped there, and software magically unlocks good business outcomes. [software] I will work for you. It's a very professional domain and needs to be worked and localized,” Yee emphasizes.
“The challenge with external AI products is that many are inflexible, require additional costs for changes, and create dependency on AI companies. Instead, Infomina's goal is to provide transparency and flexibility in AI solutions, allowing customers to own and manage AI models when delivering open source, customizable solutions.
Regarding Infomina's strategy to engage customers in AI projects, Yee explains that with new products, Infomina offers a software solution that allows small teams to make changes and manage their AI models independently. The company's approach is to combine external AI solutions with group internal solutions to provide a hybrid model.
Yee, who first worked as a freelance IT consultant for the group between 2010 and 2017, was appointed Managing Director in 2017 and was appointed to the board the following year.
He is Infomina's biggest shareholder, earning a 61.9% stake. Private Infomina Holdings Sdn Bhd has a 55.4% stake in the listed company Infomina.
Infomina Holdings is aliased by Mohd Hoshairy at 33.65%, Nasimah Mohd Zain 33.65%, Yee 20.29%, Raymond Lim Leong Pin 8.43%, and Tan Siang Pin 3.98%. Mohd Hoshairy, Nasimah and Lim are executive directors at Infomina, while Tan is Chief Sales Officer.
Explaining how Infomina has increased from its annual revenue of RM58 million prior to Covid-19 to more than RM200 million within a few years, Yee said: [penetrate] Almost every country in Asia, including North Asia, Japan, China and Hong Kong, leads us to [breadth] We have a pretty contract with direct customers. ”
Encourage financial outlook
In the past five fiscal years, Infomina revenue has risen from RM81.62 million in 2020 to RM225.16 million in 2024, with a combined annual growth rate of 27.8%.
However, it is worth noting that the group has declined in net profit since the second quarter of 201025 (2QFY2025). The group booked its first quarterly loss since the list almost three years ago, recording a net loss of RM3.14 million during 4QFY2025, which ended May 31.
According to a July 25 report by Berjaya Research Sdn Bhd, the total group's prominent claims from clients in the Philippines as of July 23, 2024, the bill amounts were RM91 million and RM42 million, which includes RM42 million.
“The group is involved in legal counsel to pursue solutions on unpaid accounts receivables, but the decisive timeline of recovery remains uncertain. The positive outcome can recover fully unpaid bills and potentially earn a one-time RM67 million (including the provision of RM10 million for suspicious debt), says the Institute.
IT service provider revenue fell to RM53.44 million in the quarter. The submission to Bursa Malaysia on Wednesday showed a decline of 8.7% from RM58.53 million in 4QFY2024.
“The renewal business has always been a more profitable division. These are existing contracts and turnkey implementations always involve higher risk and customer project completion. These two segments work hand in hand.
When asked about his potential contribution to the revenues of the new segment, he declines to comment, but assures that prospects “have promising in the next two years or so and should be pan-out.”
He adds that there are various categories or sub-segments that consist of within the new business unit, such as data sales, professional services, and licensing.
Bloomberg data shows that two of the three analysts covering the counter have a “buy” call, while one has a “hold” call and a consensus target price (TP) of RM1.42.
“Infomina's current purchase orders consist of 18% in the turnkey segment and 82% in the update segment. [Its] The soft book stands at RM839 million with a balanced mix of 48% turnkey and 52% updates. We expect an increase in margins supported by existing contracts in the renewal segment, potential updates from major clients in Thailand and the Philippines. This also benefits from progressive pricing and capacity upgrades in other international markets, as well as ongoing renewal activities,” says Berjaya Research SDN BHD.
In conjunction with the year, Infomina shares fell 50.36% on May 22 to 68.5 sen, but rose to RM1.13 levels last Wednesday, and treasured the company with RM679.41 million.
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