OTHERS INFOMINA BERHAD ("INFOMINA" OR "THE COMPANY") - ACCEPTANCE OF PURCHASE ORDER FOR THE PROVISION OF TECHNOLOGY APPLICATION AND INFRASTRUCTURE OPERATIONS, MAINTENANCE AND SUPPORT SERVICES TO METROPOLITAN BANK & TRUST COMPANY IN THE PHILIPPINES FOR USD19.04 MILLION
| INFOMINA BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | INFOMINA BERHAD ("INFOMINA" OR "THE COMPANY") - ACCEPTANCE OF PURCHASE ORDER FOR THE PROVISION OF TECHNOLOGY APPLICATION AND INFRASTRUCTURE OPERATIONS, MAINTENANCE AND SUPPORT SERVICES TO METROPOLITAN BANK & TRUST COMPANY IN THE PHILIPPINES FOR USD19.04 MILLION |
|
1. INTRODUCTION
The Board of Directors of Infomina is pleased to announce that Infomina Philippines, Inc. (“Infomina PH”), a 99.95%-owned subsidiary of the Company, had on 28 November 2025 accepted the Purchase Order (“PO”) from the Metropolitan Bank & Trust Company in the Philippines (“Metrobank”).
2. DETAILS OF THE PO
The PO is for the provision of technology application and infrastructure operations, maintenance and support services to Metrobank, a bank in the Philippines, for a two-year period commencing from 1 January 2026 to 31 December 2027 (“Period”).
Infomina PH’s roles in the PO include assisting Metrobank in renewing license subscriptions, provision of training to Metrobank’s personnel, and supplying the necessary fixes required for installation and operations (such as detailed operations and maintenance manuals). The services also encompass assessing and monitoring the software environment of Metrobank to ensure it is updated with the latest relevant supported version.
Infomina PH will also provide online and offline support services, periodical maintenance to the software (including providing Metrobank with the relevant manuals), ad-hoc technical and repair services as well as consumption or utilisation monitoring and reporting services.
The value for the PO is USD19.04 million (inclusive of value-added tax) (equivalent to approximately RM79.2 million) and will be invoiced progressively over the Period. The renewal of the PO in the future will be subjected to new purchase orders to be negotiated with Metrobank towards the end of the Period.
3. RISK FACTOR
The risk factors associated with the PO are the same as those presently faced by Infomina PH. The main risk for the PO will be the currency risk where fluctuations in foreign currency exchange rates, particularly in USD, which any unfavourable fluctuations may adversely affect our financial performance and profit margin.
4. FINANCIAL EFFECTS
The PO is expected to contribute positively to the earnings of the Infomina Group over the Period.
5. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM
The acceptance of the PO is in the ordinary course of business and is in the best interest of the Company.
None of the Directors, major shareholders of Infomina and/or persons connected with them has any interest, whether direct or indirect, in the PO.
This announcement is dated 28 November 2025. |
|
Announcement Info
| Company Name | INFOMINA BERHAD |
| Stock Name | INFOM |
| Date Announced | 28 Nov 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28112025-00123 |