Pertama Digital Berhad Charts a Transformative Course: Key Strategic Partnerships and Growth Roadmap Unveiled

Kuala Lumpur, 3 October 2024 — Pertama Digital Berhad (“PDB”), a public-listed company at the forefront of Malaysia’s digital transformation, today provides a comprehensive update on its growth trajectory and strategic developments. While Executive Director Sabri Ab Rahman is unaware of the reasons behind the recent dip in stock prices, he assures stakeholders that PDB remains strong and well-positioned for sustainable growth.

These developments reflect the company’s solid financial standing, strategic partnerships, and innovative product offerings as it enters its next phase of growth.

Financial Fundamentals and Positive Trajectory

PDB is firmly anchored by strong financial fundamentals, supported by a capable team operating in a dynamic digital solutions space with significant growth potential. In recent months, the company successfully reversed its previous quarter’s negative results, with new product lines making a marked contribution to performance.

“We are proud to have moved into a positive trajectory, driven by our team’s hard work and the growing impact of our innovative digital offerings. We’ve also completed a strategic cost-cutting exercise and streamlined our operations to ensure healthy cash flow,” said Sabri Ab Rahman, Executive Director of Pertama Digital Berhad. “Today, PDB is operating more efficiently and is well-positioned to deliver sustainable growth without the need for external funding.”

Regularisation Plan and Acquisition Opportunity

PDB has received an extension of time (EOT) from Bursa Malaysia to submit its regularisation plan by the first week of February 2025. This extension allows PDB to finalise several key initiatives, including the proposed acquisition of a controlling stake in Kridentia Tech Sdn Bhd (KT). KT, a well-established company with strong government contracts, boasts impressive top-line performance, sound EBITDA, and consistent profitability.

“This acquisition is pivotal for our growth projections for 2025. KT’s proven track record and capabilities align seamlessly with PDB’s vision, and we’re eager to finalise this deal as part of our broader regularisation plan,” Sabri explained. “We expect to submit the full plan before the end of this year, well ahead of the extended deadline.”

Strategic Leadership and Organisational Strength

As PDB charts its path forward, Sabri Ab Rahman has taken the helm as Executive Director, working closely with Joshua who played a pivotal role in developing the MVP for eJamin, the company’s flagship digital bail payment solution, which was launched in 2020.

Reflecting on the company’s leadership developments, Sabri noted, “Our leadership team is stronger than ever. Recent changes at the board, including Encik Mohd Reza Mohd Hatta’s departure before his confirmation period to pursue a lucrative opportunity, were part of a strategic move to align our leadership with PDB’s evolving needs. We continue to drive forward with a dedicated core team, including Joshua and our board, ensuring strategic continuity and positioning the company for future growth.

Product Highlights and Expansion

PDB is rapidly advancing its suite of digital products, with several exciting developments on the horizon: