PUC Demonstrates Resilience with Strategic Growth in Q1 FY2025

Group Strengthens Strategic Direction with OmniChannel Growth and Presto Platform Development

KUALA LUMPUR, 29 NOVEMBER 2024 – PUC Berhad ("PUC" or the “Group”), an innovative loyalty to redemption, e-commerce, digital marketing and digital payment solutions provider, today announced its financial results for the first quarter of the financial year ending 30 June 2025 (“Q1 FY2025”). The Group reported a revenue of RM4.9 million, reflecting its ongoing transition and strategic focus on enhancing the loyalty redemption ecosystem through Presto.

For Q1 FY2025, PUC remains committed to strengthening its core offerings. The Group recorded a Loss After Tax (“LAT”) of RM11.46 million, primarily influenced by increased marketing activities to support Presto’s loyalty redemption business. The result also reflects the absence of one-off income that was recorded in the corresponding quarter of the previous year.

Segmentally, the OmniChannel segment contributed RM3.1 million in revenue, marking a 154.5% increase from RM1.2 million in the immediate preceding quarter ("Q6 FY2024"). This growth was driven by the successful execution of a higher number of media campaigns in Q1 FY2024. Meanwhile, the Presto segment, which encompasses e-commerce, payments, and loyalty points aggregation and redemption, recorded a 195.0% revenue increase, rising from RM0.61 million to RM1.8 million in Q1 FY2025.

Commenting on the results, PUC’s Group Managing Director and Chief Executive Officer, Mr. Cheong Chia Chou, commented, “Our strategic focus on the Presto ecosystem and OmniChannel media continues to reflect in the steady development of these businesses. Despite short-term challenges, our efforts in streamlining operations and enhancing our product offerings position us well for sustainable growth.”

Looking ahead, PUC remains optimistic about the opportunities within the loyalty redemption and digital marketing space. The Group plans to leverage its expertise in tailored marketing solutions and loyalty programs, supported by new partnerships and ecosystem expansions under the Presto platform. Additionally, PUC is exploring ways to diversify its revenue streams through proactive acquisitions and collaborations with industry players.

Mr. Cheong added, “We remain committed to driving operational improvements and forming strategic partnerships to expand Presto’s ecosystem. Initiatives like our collaborations with Touch-n-Go E-wallet, BonusLink, and other key players reflect our dedication to delivering innovative solutions while achieving sustainable profitability.”

With its refined strategic direction and focus on cost optimisation, PUC is poised to further narrow its losses and enhance its position in the loyalty redemption and digital marketing sectors.