Highlights

  • Alfred Tan Choong Hau became Chief Executive Officer, Chairman and director of ARB IOT on 23 October 2026.
  • Dr. Liew Kok Leong resigned from all three roles on the same date, citing no disagreement with the company.
  • Revenue for fiscal 2026, ended 30 June 2026, rose 19% to RM235.4 million, or about US$57.7 million.
  • Two customers, AT3 Technologies and Gajah Kapitalan, together accounted for about 85.6% of fiscal 2026 revenue.

ARB IOT Group Limited (NASDAQ:ARBB) has changed its top leadership, appointing technology and Agritech executive Alfred Tan Choong Hau as Chief Executive Officer and Chairman on 23 October 2026, a week before filing an Annual Report that showed Revenue climbing 19% in fiscal 2026.

The Cayman Islands-incorporated company, headquartered in Singapore and earning its revenue in Malaysia, has shifted its Business toward artificial intelligence server hardware alongside its original smart home and building solutions.

Leadership Passes to Alfred Tan Choong Hau

Dr. Liew Kok Leong resigned as Chief Executive Officer, Chairman and director effective 23 October 2026, and the board appointed Tan to all three positions the same day. The company said the resignation did not result from any disagreement over its operations, policies or practices. Ng Kok Wah continues to serve as Chief Financial Officer.

Tan, 50, has more than 25 years of experience in corporate leadership, technology commercialization and international business development. Since 2006 he has led Cambodia's TATAN Group, which oversees about 2,000 hectares of operations using IoT, automation and AI-driven analytics. He is also an executive director of TATAN Agrotech and a founding partner of Alliance Agrotech, and earlier worked in product Marketing at US Software, later Lantronix.

AI Servers Reshape the Revenue Base

For the fiscal year ended 30 June 2026, revenue increased by RM38.0 million to RM235.4 million, from RM197.3 million. Revenue was highly concentrated, with AT3 Technologies Sdn Bhd contributing 55.7% and Gajah Kapitalan Sdn Bhd 29.9%. The company reports its results in Malaysian ringgit under IFRS.

The shift was already visible in the first half, the six months to 31 December 2025, when all RM150.4 million of revenue came from the IoT AI server segment after legacy smart building and agriculture projects were completed. Gross Margin in that half narrowed to about 1.2%, while the net loss narrowed to RM14.7 million from RM27.5 million.

Balance Sheet Changes and Listing History

At 30 June 2026, trade receivables were nil, against RM41.8 million a year earlier, and Goodwill and intangible assets were also nil, compared with RM53.8 million. Other receivables, deposits and prepayments, mostly deposits paid to suppliers, totaled RM41.5 million, and some of those deposits are non-refundable.

ARB IOT had 1,765,256 ordinary shares outstanding at 30 June 2026, following a one-for-fifteen reverse share split approved in May 2025. Nasdaq confirmed in June 2025 that the company had regained compliance with the US$1.00 minimum bid price rule.

ASEAN Expansion Plans

The company plans to expand across the ASEAN region, targeting large enterprises in Malaysia and neighboring markets while working with smaller, fast-growing firms to test new offerings. Newer initiatives include IoT AI power chargers, IoT drones and an AI Data Center experimental laboratory, and the company has said it may need additional Equity or Debt Financing to fund expansion.