KUALA LUMPUR: OpenMove AI Bhd, formerly known as Rexit Bhd, recorded revenue of RM33.37 million for the financial year ended Dec 31 2025 (FY25), representing an 8.88% increase compared to RM30.64 million achieved in FY24.
The improvement in top-line performance was primarily driven by continued demand for the group’s software customisation and recurring digital solutions services, reinforcing the resilience of its technology-driven business model.
Gross profit for the year stood at RM22.06 million, compared to RM21.80 million recorded in FY24.
Profit before tax (PBT) for FY25 amounted to RM8.76 million, while profit after tax (PAT) came in at RM5.53 million, compared to RM9.80 million recorded in FY24.
The variance in bottom-line performance was mainly attributable to higher administrative expenses, including increased staff costs, marketing investments, and impairment losses on trade receivables during the year.
For Q4 FY25, the group recorded revenue of RM9.05 million, up 6% from RM8.57 million in the preceding quarter. Quarterly PAT stood at RM0.65 million.
As of Dec 31, 2025, OpenMove AI maintained a healthy financial position with total assets of RM66.53 million and shareholders’ equity of RM52.55 million.
Cash and bank balances, including fixed deposits, stood at RM39.13 million, providing the group with strong liquidity to support future growth initiatives.
Reflecting on the group’s performance and strategic direction, OpenMove AI CEO Gallen Lee Choon Teng said FY25 marked a pivotal transition for the group.
“While we recorded steady revenue growth, we made deliberate investments in talent, product enhancement and market positioning to strengthen our long-term competitiveness.
“These strategic initiatives impacted short-term profitability but are critical in building scalable digital capabilities for the future.
“Our rebranding to OpenMove AI in January 2026 represents a strategic evolution of our identity and growth ambition. We are sharpening our focus on AI-enabled digital platforms, automation and intelligent enterprise solutions.
“Supported by a strong balance sheet and recurring revenue base, we are well-positioned to pursue sustainable, innovation-led expansion,” he added.
Looking ahead, the group remains cautious amid ongoing geopolitical and macroeconomic uncertainties affecting the domestic operating landscape.
Nevertheless, management remains confident in the long-term growth prospects of digital transformation and the adoption of artificial intelligence across industries.
The Sun Malaysia
