ITMAX EXPANDS FOOTPRINT IN JOHOR WITH ANOTHER SMART PARKING CONTRACT WIN

ITMAX System Berhad’s subsidiary, Southmax Sdn Bhd, has been appointed by the Pontian Municipal Council as the smart parking operator for Pontian’s outdoor parking spaces. The 15-year agreement, effective 1 February 2025, operates on a 70% revenue-sharing model via the Parkmax@JOHOR app. ITMAX CEO William Tan Wei Lun highlighted this as their sixth smart parking project in Johor, reinforcing their commitment to driving digital transformation and sustainable city management.
ITMAX EXPANDS PRESENCE IN PENANG WITH SECOND CONTRACT VALUED AT RM11.8 MILLION

ITMAX System Berhad (“ITMAX”) secured an RM11.8 million contract from Penang Island City Council (“MBPP”) to upgrade and maintain AI-enhanced video surveillance on Penang Island over 60 months. CEO William Tan Wei Lun highlighted this as a key milestone, building on prior collaborations to enhance MBPP’s surveillance infrastructure.
ITMAX RECORDS 37.7% PAT GROWTH FOR Q3FYE2024

ITMAX System Berhad (“ITMAX”) reported strong Q3FYE2024 results, with revenue up 48.5% to RM58.0 million, driven by a 103.3% boost in its supply, installation, and maintenance services segment. Profit after tax rose 37.7% to RM22.4 million.
For the cumulative nine months, revenue reached RM157.1 million, a 46.7% increase, with its key segment contributing 52.3%. ITMAX declared a 1.4 sen interim dividend, payable on 24 December 2024.
CEO William Tan highlighted growing smart city demands and the company’s dedication to enhancing urban solutions for better community living.
ITMAX BAGS FIFTH SMART PARKING CONTRACT IN JOHOR

ITMAX System Berhad (“ITMAX”) announced that its subsidiary, Southmax Sdn Bhd, has been appointed as the smart parking operator for 8,650 street parking bays in Muar. The 15-year contract, effective 1 October 2024, allows Southmax to retain 70% of the revenue.
ITMAX SECURES FOURTH SMART PARKING CONTRACT IN JOHOR

ITMAX System Berhad’s subsidiary, Southmax Sdn Bhd, has been appointed as the smart parking operator for 7,637 street parking bays in Segamat. The 15-year contract, effective 1 September 2024, operates on a revenue-sharing model, with Southmax receiving 70% of parking revenue.
ITMAX FURTHER EXPANDS SMART PARKING SOLUTIONS IN JOHOR

ITMAX System Berhad (“ITMAX”) announced that its subsidiary, Southmax Sdn Bhd, has been appointed by Tangkak District Council (“MDT”) as the smart parking operator for 5,113 street parking bays. The 15-year contract, effective from 1 September 2024, operates on a revenue-sharing model, with Southmax receiving 70% of parking revenue.
ITMAX REPORTS 22.8% PATAMI GROWTH FOR 1HFYE2024

ITMAX System Berhad (ITMAX) reported strong Q2FYE2024 results with a 59.7% revenue increase to RM53.2 million. PBT rose 36.2% to RM25.6 million, and PATAMI grew 27.2% to RM19.2 million.
ITMAX SECURES RM539 MILLION VIDEO SURVEILLANCE CONTRACT FROM DBKL

ITMAX System Berhad has secured a RM539 million contract with DBKL to roll out 5,000 AI-driven surveillance cameras across Kuala Lumpur.
ITMAX APPOINTED AS THE SMART PARKING OPERATOR FOR KULAI MUNICIPAL COUNCIL

ITMAX System Berhad and our subsidiary, Southmax Sdn Bhd, have been chosen by the Kulai Municipal Council to manage smart parking in the Kulai area! Starting 1 August 2024, Southmax will oversee 3,974 street parking bays across 28 locations for the next 15 years. With our Parkmax@JOHOR app, we’ll bring smart parking solutions and share in 70% of the revenue generated.