ANNUAL REPORT 2025 21 Print Publishing The Group's Print Publishing segment's revenue increased from RM81.128 million for the preceding financial year to RM109.233 million for the current financial year, representing an increase of RM28.105 million (equivalent to 34.64%). Year-on-year, the Group’s academic print publishing segment recorded a substantial increase in revenue, driven by strong demand for our print publications and significantly supported by the MADANI Book Voucher Initiative (30 May 2024 – 31 December 2024) launched by Prime Minister Datuk Seri Anwar Ibrahim. During this period, the Group effectively leveraged its extensive sales network and long-standing partnerships with booksellers to promote Sasbadi publications to students, delivering encouraging results. Performance within the print segment was further reinforced by healthy school orders for the 2025 academic year commencing February 2025, with sustained demand underpinned by the innovative features of Sasbadi’s products, including hybrid print-digital elements that enhance the teaching and learning experience. In the FYE 2025, the Group also introduced several new titles, such as Rahsia Karangan Cemerlang SPM, Masterclass STPM, and WOW Komik, which broadened our footprint in the academic publishing market, alongside Komik STEM Why?, marking the Group’s inaugural entry into the educational comics segment. On the textbook tender front, the Group managed to secure two (2) contracts (Package 15 and Package 18) from the Ministry of Education ("MOE") on 5 August 2024 to supply reprinted textbooks ("BCS") to schools under the MOE for the period from 5 August 2024 to 4 August 2026 with a total contract value of RM11.707 million. This has resulted in the increase in overall revenue contribution from textbook contracts from RM3.845 million in the FYE 31 August 2024 to RM10.262 million for the current financial year. Digital Solutions and Network Marketing The Group's Digital Solutions and Network Marketing segment's revenue decreased from RM3.403 million for the preceding financial year to RM2.599 million for the current financial year, representing a decrease of RM0.804 million (equivalent to 23.63%). Despite macroeconomic challenges in the FYE 2025, strategic initiatives by the government like the MADANI Book Voucher has driven positive momentum. Our focus on product innovation will drive growth as we continue to inspire learning and deliver value in the evolving education landscape. Management Discussion and Analysis Sasbadi Group’s Popular Academic Book Series in the FYE 2025 Nota GALUS Series Concise study notes that use simple text and visual graphics to convey key facts in a clear and structured way WOW Grafik Series Attractive graphic visuals and colourful illustrations to help students remember important facts and concepts Gerak Gempur Series Workbooks published according to textbook topics and assessment aspects based on the Curriculum and Assessment Standard Document (DSKP)
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