KUALA LUMPUR, 28 May 2026: Catcha Digital Berhad (“Catcha Digital” or the “Group”) today announced its unaudited financial results for the first quarter ended 31 March 2026 (“Q1 FY2026”).
In Q1 FY2026, the Group achieved the following financial results compared to the corresponding quarter of the prior financial year (“Q1 FY2025”):
- • Revenue of RM26.27 million, up 177% year-on-year
- • Adjusted EBITDA* of RM5.73 million, up 215% year-on-year
- • Adjusted PATAMI* of RM2.85 million, up 128% year-on-year
- • Adjusted EPS* of 0.62 sen, up 35% year-on-year
- • Cash and cash equivalents of RM24.4 million as at 31 March 2026
Q1 FY2026 was a landmark quarter for Catcha Digital where we achieve remarkable financial performance, driven by the businesses we acquired in 2025 now accelerating the growth of the Group. The two new business pillars that we established in 2025, B2B Expo and IT Solutions, are expected to scale meaningfully alongside our scaled digital media pillar moving forward.”
“We are building exactly the kind of durable, compounding platform we set out to create by reinvesting free cash flow into strategic organic growth and disciplined acquisitions to grow our underlying businesses. We will continue to deploy our value-add strategies to grow the businesses after acquisitions to ensure sustainable long-term growth across all our operating companies” said Eric Tan, Group Chief Executive Officer of Catcha Digital.
Record Revenue and Significant Adjusted Profitability Growth Driven by Digital Media Portfolio
The digital media segment was the primary growth driver behind the 177% increase in the Group’s revenue year-on-year, contributing revenue of RM25.64 million in Q1 FY2026, up 178% year-on year.
This segment also delivered adjusted EBITDA of RM7.02 million and adjusted PATAMI of RM3.93 million in Q1 FY2026, up 237% and 159% respectively from Q1 FY2025. This reflects a combination of organic momentum and the earnings contribution from the five acquisitions completed for the digital media segment after 31 March 2025.
New Acquisition: MIFB Expands B2B Expo Footprint into Food & Beverage
In Q1 FY2026, the Group completed the acquisition of 100% equity interest in ExpoCO Sdn Bhd, the organiser of the Malaysian International Food and Beverage Trade Fair (“MIFB”) (effective equity interest of MIFB is 60% through One International Exhibition Sdn Bhd).
MIFB, a leading regional F&B B2B expo, adds a third flagship exhibition to the B2B Expo pillar alongside Agri Malaysia and MBAM OneBuild, further strengthening the Group’s position as a leading B2B expo platform in Malaysia.
The B2B expo pillar is highly strategic as the business has a recurring customer base, healthy working capital cycle with upfront cash deposit collection and the network effects of established B2B expo creates a “winner-takes-most” dynamic.
Strong Capital Position to Continue Executing Acquisition Strategy
This acquisition-led expansion is supported by a solid capital base. The Group has a RM35 million Revolving Credit Facility with Affin Hwang Investment Bank Berhad and the potential to raise up to an additional RM73 million upon full exercise of the outstanding warrants issued under the Rights Issue completed in 2025, positions the Group well for continued growth.
Consistent with the Group’s policy of funding growth from operating cash flow first, then debt, then equity, the warrant proceeds remain a reserve source rather than a primary funding mechanism. As at 31 March 2026, the Group held cash and cash equivalents of RM24.4 million.
“With the completion of our MIFB acquisition, we now have a strong and growing portfolio of market-leading businesses across three verticals. Our eight acquisitions in the last 15 months are expected to contribute for a full financial year in FY2026, and we have a robust pipeline of further opportunities under evaluation. We remain committed to building the permanent home for market leading companies and are very excited for the journey ahead as we continue to partner with great entrepreneurs building more category-defining businesses in Southeast Asia,” says Patrick Grove, Chairman of Catcha Digital.
Catcha Digital has completed 7 acquisitions in 2025 and 1 acquisition in Q1 FY2026, each positioned to strengthen its foothold in the digital media, B2B expo and IT solution space, all expected to contribute positively to future earnings.
The aggregate expected profit to be achieved by each target company as disclosed below is approximately RM17.2 million on a proforma basis, based on their respective post-completion periods or latest available audited profit after tax (if no contingent Purchase Consideration) where applicable.
1. On 31 March 2026, Catcha Digital completed an acquisition of 100% equity interest in ExpoCO Sdn Bhd (“MIFB”) (formerly known as Constellar Exhibitions Malaysia Sdn Bhd) for a cash consideration of RM3.97 million due at Completion Date, via the Group’s 60% direct subsidiary, One International, giving the Group a 60% effective equity interest of MIFB.
2. On 22 December 2025, Catcha Digital completed an acquisition of 50% equity interest in Headline Media Sdn Bhd, the owner of digital platforms including Weirdkaya, LokLokWords and Ezlokal Food, raising its total equity interest to 80%. The payment, to be made in two tranches over 12 months, consisting of RM0.80 million due at Completion Date and RM3.20 million due 12-months after Completion Date.
3. On 5 December 2025, Catcha Digital completed an acquisition of 100% equity interest in Maxoom Sdn Bhd for RM6.13 million. The payment, to be made in two tranches over 12 months, consisting of RM1.80 million due on the Completion Date and a Post-Completion Sum of RM4.33 million due 12 months after the Completion Date. The acquisition includes a Net Asset Guarantee of RM0.89 million at the Completion Accounts Date.
4. On 17 December 2025, Catcha Digital completed an acquisition of 60% equity interest in Framemotion Studio Sdn Bhd (“Framemotion”) for RM37.32 million. The payment, to be made in three tranches over 24 months, is contingent on Framemotion achieving a profit after tax and minority interest of RM6.8 million in the first 12 months post-completion and RM6.8 million in the subsequent 12 months.
5. On 27 August 2025, Catcha Digital completed an acquisition of 60% equity interest in One International Exhibition Sdn Bhd (“One International”) for RM11.38 million. The payment, to be made in three tranches over 24 months, is contingent on One International achieving a profit after tax and minority interest of RM2.75 million in the first 12 months post completion and RM3.16 million in the subsequent 12 months.
6. On 18 June 2025, Catcha Digital completed an acquisition of 70% equity interest in Tastefully Malaysia Sdn Bhd (“Tastefully”) for RM7.6 million. The payment, to be made in four tranches over 36 months, is contingent on Tastefully achieving a PAT of RM0.5 million for the FYE 2024, RM1.1 million for the first 12 months after completion, RM1.4 million for the subsequent 12 months, and RM1.6 million for the final 12 months.
7. On 7 May 2025, Catcha Digital completed an acquisition of 60% equity interest Drive 2 Digital Sdn Bhd (“D2D”) for RM16.2 million. The payment, to be made in three tranches over 24 months, is contingent on D2D achieving a PAT of RM3.5 million in the first 12 months post-completion and RM4.2 million in the subsequent 12 months.
8. On 22 January 2025, Catcha Digital completed an acquisition of 51% equity interest in Nexible Solutions Sdn Bhd (“Nexible”) for RM11.3 million. The purchase considerations are to be paid in four tranches and is tied to the achievement of the profit after tax guarantee (“PAT Guarantee”) over the period of 36 months, broken down into PAT Guarantee of RM0.7 million, RM1.2 million, RM2.2 million and RM3.3 million for the 12-month period ended 31 December 2024, 31 December 2026, 31 December 2027 and 31 December 2028 respectively.
NOTES:
* Reconciliation of Adjusted Operating Performance
To provide a clearer view of the Group’s operating performance, Catcha Digital presents the financial performance on an adjusted basis using Alternative Performance Measure (“APM”). The adjustments primarily involve non-recurring, non-cash items or directly attributable to acquisition activity.
The Group believes that they help to effectively monitor the performance of the Group and support readers of the financial statements in drawing comparisons with past performance and consider the APMs to be a more representative view of the Group’s underlying operating profitability.
The following table outlines the key adjusted metrics:
| in (RM’000) | Q1 FY2025 | Q1 FY2026 |
| EBITDA (Statutory) | 1,910 | 2,899 |
| PATAMI / (LATAMI) (Statutory) | 1,326 | (1,162) |
| EPS / (LPS) (Statutory) | 0.49 sen | (0.26) sen |
Adjustments:
| (+) M&A financing and transaction cost | 34 | 512 |
| (+) LTIP costs and other non-operating costs | – | 2,320 |
| (+) Gain on waiver of debt (non-operating)1 | (123) | – |
| Total adjustments in EBITDA | (89) | 2,832 |
Adjustments:
| (+) Adjustments in EBITDA (as above) | (89) | 2,832 |
| (+) Unwinding of interest on deferred purchase consideration (non cash) 2 | – | 807 |
| (+) Amortisation of intangible assets – In relation to M&A 3 | – | 139 |
| (+) M&A financing cost – Interest paid related to financing of M&A | 9 | 230 |
| Total adjustments in PATAMI | (80) | 4,008 |
APMs:
| Adjusted EBITDA | 1,821 | 5,731 |
| Adjusted PATAMI | 1,246 | 2,846 |
| Adjusted EPS 4 | 0.46 sen | 0.62 sen |
| Adjusted EBITDA Growth Rate YoY | +215% | |
| Adjusted PATAMI Growth Rate YoY | +128% | |
| Adjusted EPS Growth Rate YoY | +35% |
Adjustments include charges that are non-recurring, non-cash items or directly attributable to acquisition activity, such as the one-off LTIP charge, unwinding of interest on deferred consideration, and PPA-related amortisation, of which details can be found in the Group’s Q1 FY2026 Interim Report available on the Company’s website and on Bursa Malaysia.
1 The Group excludes non-cash gains arising from the waiver of debt due to restructuring or adjustments to purchase considerations. While these gains reflect successful strategic negotiations, they are non-cash in nature and are excluded to provide a more conservative and consistent view of the Group’s recurring operating income.
2 The Group excludes the non-cash effect of the unwinding of interest on deferred purchase considerations. This is a technical MFRS requirement to reflect the time value of money for future payment tranches. It does not represent cash interest paid during the quarter.
3 The Group excludes the effect of amortisation of intangible assets arising from Purchase Price Allocation exercises. Amortisation is non-cash and is significantly affected by the timing and size of the Group’s acquisitions. While these intangible assets contribute to revenue generation, the amortisation charges are inconsistent in frequency and do not reflect the Group’s underlying cash generating position.
4 Adjusted EPS is calculated based on a weighted average of 455.54 million and 269.25 million shares outstanding during Q1 FY2026 and Q1 FY2025 respectively.
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