03 OUR PERSPECTIVE DATASONIC GROUP BERHAD 34 AND ANALYSIS MANAGEMENT DISCUSSION Dear Valued Shareholders, The year under review (financial year ended 31 March 2024, “FY2024”) was a demanding but rewarding one for us at Datasonic. The Group navigated through the market ambiguities and delivered our best-ever top and bottom-line performance. FY2024 revenue rose to an all-time high of RM368.3 million while profit attributable to the owners of the Group (“net profit”) jumped to a record high of RM92.2 million. It is also noteworthy to mention that the Group posted an outstanding performance in the fourth (4th) quarter of FY2024 where we achieved our highest-ever quarterly revenue and net profit of RM115.7 million and RM38.6 million respectively. With successive all-time high performance recorded, it fuelled our largest-ever dividend payout in FY2024 with Datasonic declaring a total of RM84.0 million or 3.0 sen per share. This translates to a dividend payout ratio of 91.0% based on FY2024 net profit of RM92.2 million. FY2024 Revenue: RM368.3 million FY2024 Net Profit: RM92.2 million FY2024 Dividend Payout: 91.0%of FY2024 Net Profit BUSINESS & OPERATIONAL REVIEW The Group started the financial year under review on a firm footing, building on the positive momentum gained in the previous year. We commenced the deployment of foreign worker card (“i-Kad”) in FY2024 with our primary emphasis being on expeditiously resolving the current backlog and seamlessly handling new i-Kad issuance. Datasonic is pleased to share that the demand and issuance of i-Kad continued to gain good traction. Our success for the i-Kad project has led to the Group winning the prestigious Malaysia Cyber Security Awards 2023 as ‘Cyber Security Company of the Year’. This recognition demonstrates our team’s unwavering commitment to innovation and adaptability to the ever-changing technological sphere. The achievement reflects not only our accomplishments but also our dedication to pushing the boundaries of technology in order to deliver exceptional value to our clients and strengthening national security in an increasingly interconnected digital world.
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