- Prestariang SKIN settlement clears the way for Awantec’s growth focus
- Company expands into new enterprise AI, cybersecurity & e-invoicing
AwanBiru Technology Berhad (Awantec) posted a profit after tax of US$237,000 (RM1 million) in Q3 FY2025, reversing a US$879,000 (RM3.7 million) loss in the previous quarter. In a statement, the company said its revenue rose to US$15 million (RM63.7 million), supported by strong contributions from strategic accounts.
[RM1 = US$0.22]
As part of its transformation strategy, Awantec has expanded its portfolio of digital solutions and services with enterprise-focused offerings in artificial intelligence (AI), cybersecurity, e-invoicing, and ERP. These solutions support the government’s digital agenda and strengthen the group’s role as Google Cloud’s Premier Partner in Malaysia.
“This allows us to fully focus on scaling high-value digital services that meet the country’s growing appetite for AI, cybersecurity, and cloud infrastructure,” said Awantec CEO, Azlan Zainal Abidin.
On 14 May 2025, Prestariang SKIN Sdn Bhd received a total sum of RM201.4 million as full and final settlement pursuant to the Consent Order recorded in the Court of Appeal of Malaysia on 24 March 2025.
This resolution marks a pivotal moment for Awantec, providing both certainty and expedience. With this settlement, the group can now fully focus on its growth drivers, particularly in AI and cybersecurity, while investing in the enhancement of its technical capabilities to drive innovation.
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