KUALA LUMPUR (Dec 2): Datasonic Group Bhd (KL:DSONIC) has clinched two contract extensions worth a combined RM81.24 million from the Home Ministry.

These contract extensions were awarded to its wholly-owned subsidiary Datasonic Technologies Sdn Bhd (DTSB), according to Datasonic's bourse filing on Monday.

The first extension, valued at RM21.39 million, inclusive of 8% sales and service tax (SST), covers comprehensive maintenance services for card personalisation centres at the National Registration Department (JPN).

This 12-month extension, running from Dec 1, 2024, to Nov 30, 2025, includes hardware and software maintenance, personalisation solutions and technical support across JPN’s headquarters and branches. This latest extension pushes the total contract value since 2021 to RM94 million.

The second contract extension, valued at RM59.85 million and exempt from SST, involves the supply of MyKad, MyTentera, MyPOCA raw cards and consumables for JPN.

It will also run from Dec 1, 2024, to Nov 30, 2025, bringing the cumulative contract value to RM116.35 million.

Both extensions are expected to contribute positively to Datasonic’s earnings and net assets for the financial year ending March 31, 2025 and beyond.

In line with the extensions, DTSB will also be required to provide new or additional performance bonds.

Datasonic’s share price closed 1.3% lower at 39.5 sen on Monday, valuing it at RM1.1 billion.