Malaysia-based Catcha Digital has slipped into the red in the first quarter ended March 31, 2026, despite higher revenue.
The firm said in a bourse filing on Thursday that it posted a net loss of MYR 1.16 million ($290 million), as compared to a net profit of $1.33 million ($340 million) a year ago.
The firm’s revenue, however, jumped close to three folds to MYR 26.27 million ($6.62 million).
The revenue growth was driven by the digital media segment, which contributed MYR 25.64 million ($6.46 million) in the first quarter of FY2026 compared to MYR 9.22 million ($2.32 million) a year ago, a surge of approximately 178 percent, primarily driven by the five acquisitions completed for the segment in the financial periods after March 31, 2025.
Meanwhile, the firm’s B2B expo segment recognized a loss of MYR 0.41 million ($0.1 million) in the quarter.
The B2B expo segment was established in the third quarter of FY2025 and is seasonal in nature, with no events held in the first quarter of FY2026. Accordingly, fixed operating costs were incurred without revenue in the quarter.
“The two new business pillars that we established in 2025, B2B Expo and IT Solutions, are expected to scale meaningfully alongside our scaled digital media pillar moving forward,” said Eric Tan, Group Chief Executive Officer of Catcha Digital.
“We are building exactly the kind of durable, compounding platform we set out to create by reinvesting free cash flow into strategic organic growth and disciplined acquisitions to grow our underlying businesses,
“We will continue to deploy our value-add strategies to grow the businesses after acquisitions to ensure sustainable long-term growth across all our operating companies,” he added.
Meanwhile, Patrick Grove, Chairman of Catcha Digital, said that with the completion of our MIFB acquisition, the firm is now have a strong and growing portfolio of market-leading businesses across three verticals.
“Our eight acquisitions in the last 15 months are expected to contribute for a full financial year in FY2026, and we have a robust pipeline of further opportunities under evaluation,
“We remain committed to building the permanent home for market leading companies and are very excited for the journey ahead as we continue to partner with great entrepreneurs building more category-defining businesses in Southeast Asia,” he added.
It is noted that Catcha Digital has completed 7 acquisitions in 2025 and 1 acquisition in the first quarter of FY2026.
The firm emphasized that each positioned to strengthen its foothold in the digital media, B2B expo and IT solution space, and all expected to contribute positively to its future earnings.
The aggregate expected profit to be achieved by each target company is approximately MYR 17.2 million ($4.34 million) on a proforma basis, based on their respective post-completion periods or latest available audited profit after tax.
Catcha Digital acquires MIFB for $1M to expand B2B expo portfolio