💰 FMH Business Operations PNL
Recurring business operating profit only. Excludes one-off corporate items (Legal & Prof, Boost financing, Marketplace reclass, intercompany, FX/interest/tax/D&A). For the full Xero accounting P&L, see Xero direct.
Auto-pulled from Xero · FX (MIS budget): USD/MYR=4.2, USD/SGD=1.3 · Generated 2026-06-11 · Period Jan–Jun 2026 (USD '000) · Jun is the open month (booking-status only)
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Editable .xlsx · 3 sheets (Summary · Payroll · Other Costs + Excluded)
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Summary — Jan to May 2026
Particulars (USD '000) Jan Feb Mar Apr May Jun (MTD)
Revenue Recurring revenue — SaaS Subscription 94.69 94.85 86.80 86.11 77.90 – Saas - MY 55.93 48.26 55.82 54.56 55.49 – Enterprise 16.95 16.93 16.84 16.87 16.75 – Discount - MY -16.60 -13.66 -16.47 -15.74 -16.21 – Saas - TH 16.50 20.49 11.98 12.92 10.20 – Saas Distributor - HK 19.78 12.92 12.10 12.10 8.19 – Saas - SG 5.76 14.05 9.92 7.74 5.33 – Discount - SG -1.25 -2.68 -2.19 -1.75 -1.25 – Discount - TH -2.63 -1.68 -1.45 -1.30 -1.18 – Saas Distributor - TW 0.89 0.88 0.91 0.90 0.90 – Saas - HK – – – 3.00 0.43 – Discount - Enterprise -0.66 -0.66 -0.67 -0.66 -0.65 – Sales Return – – – -1.93 – – Discount - Other – – – -0.60 -0.09 – Non-recurring — Implementation (operating, ex-Boost) 3.69 2.02 4.36 0.55 3.16 – (A) Total Revenue 98.38 96.86 91.16 86.66 81.06 – Costs Payroll Cost 38.15 37.01 44.54 40.23 51.90 – Server Cost (Wenny + AP bills × 30%) 15.55 12.94 11.25 11.92 7.24 – Other Software Cost 3.77 2.28 1.84 2.43 2.13 – Other Operating Cost 34.96 12.04 16.81 21.94 9.66 0.21 (B) Total Cost 92.43 64.27 74.44 76.51 70.93 0.21 EBITDA (A − B) 5.95 32.59 16.72 10.15 10.14 -0.21 EBITDA Margin 6.0% 33.6% 18.3% 11.7% 12.5% n/m
Payroll Cost — sub-lines
Sub-line Jan Feb Mar Apr May Jun (MTD)
Director / Management 8.08 8.08 15.46 10.54 10.54 – Finance 5.52 5.55 5.54 6.39 6.27 – Application Support 6.28 5.73 4.88 4.05 4.90 – Customer Happiness 4.40 4.53 4.57 4.45 4.65 – Engineering (India Contract) 3.80 4.07 3.79 3.74 4.57 – Sales (MY) 2.79 2.26 2.21 3.44 2.81 – Engineering — Maintenance (MY) 1.68 1.68 1.68 1.68 5.19 – Customer Happiness — Commission 0.95 2.03 2.40 1.03 3.03 – Customer Success 1.24 1.23 2.14 2.11 1.73 – HR 1.52 1.52 1.52 2.44 1.42 – CEO Office – 0.21 – – 6.45 – Engineering — R&D 1.62 – – – – – Customer Success — Commission 0.28 0.13 0.35 0.17 0.26 – Other Payroll – – 0.02 0.19 0.08 – Total Payroll 38.15 37.01 44.54 40.23 51.90 –
Server Cost — Wenny 30/70 methodology
Sub-line Jan Feb Mar Apr May Jun (MTD)
Wenny Server Subs (gross) 27.07 17.73 4.92 5.24 3.54 – AP hosting bills (gross, GrandTech) 24.77 25.40 32.58 34.48 – – Combined gross 51.84 43.12 37.50 39.72 3.54 – × 30% = Server Cost 15.55 12.94 11.25 11.92 7.24 – Xero P&L raw (comparison only) 7.74 8.00 10.06 10.72 7.24 –
Other Software Cost — sub-lines
Sub-line Jan Feb Mar Apr May Jun (MTD)
System Subscriptions 1.33 1.00 0.82 1.33 1.17 – Sales - Subscription 1.15 0.48 0.47 0.47 0.47 – Admin - Subscription 0.20 0.29 0.24 0.27 0.24 – Marketing - Subscription 0.85 0.16 0.08 0.08 0.08 – Customer Happiness Subscription 0.22 0.15 0.14 0.14 0.14 – Other Subscriptions – 0.13 0.06 0.10 0.05 – HR - Subscription 0.02 0.07 0.03 0.03 -0.01 – Total Software 3.77 2.28 1.84 2.43 2.13 –
Other Operating Cost — sub-lines
Legal & Professional excluded → see Non-Operating section below.
Sub-line Jan Feb Mar Apr May Jun (MTD)
Sales Commission - HK 16.78 9.47 9.47 9.47 6.26 – Marketing & Advertising 11.13 0.69 0.58 0.63 1.15 – Office Rent / Utilities 1.15 2.11 2.27 1.58 1.25 0.09 Sales Commission - MY 0.97 -2.35 1.44 1.89 -1.52 – Insurance 0.40 0.40 0.43 6.34 0.43 – Travel 1.25 1.15 1.37 1.42 1.42 – Sales Commission - SG 2.79 – – – – – Sales Commission - TW 0.39 0.38 0.38 0.39 0.39 – Office Supplies / Misc – 0.15 0.77 0.16 – – Entertainment 0.06 – 0.08 0.04 0.08 – Other Operating – – – – – 0.12 Total Operating 34.96 12.04 16.81 21.94 9.66 0.21
Excluded as Non-Operating & One-Offs
Boost = Infodrive/Axiata one-off financing, both legs stripped. Marketplace Revenue II = EE interim-receivable reclass (CEO directive 2026-06-11).
Bucket Jan Feb Mar Apr May Jun (MTD)
Boost Project — revenue leg (Infodrive) — STRIPPED – – -1,018.52 -1,858.68 – – Marketplace Revenue II (EE reclass) — STRIPPED – – – 13.65 – – Legal & Professional 0.38 0.17 14.91 4.04 2.37 0.13 Forex (realised + unrealised) 12.55 -2.92 -49.84 -45.68 33.31 -1.01 Interest 0.02 0.26 0.04 0.81 4.87 – Tax 0.51 0.44 – 0.42 0.27 – Penalty / Late charges – – 0.67 0.62 – 0.15 Bad debts – – – -1.93 – – D&A 4.34 4.31 4.33 4.37 4.43 – Royalty (cost leg, MY pays SG) 6.12 5.19 – – – – Royalty (revenue leg, SG receives) — STRIPPED 6.35 5.45 – – – – Software Mgmt Fee (cost leg, SG pays MY) 2.03 1.95 1.92 1.94 5.80 – Software Mgmt Fee (revenue leg, MY receives) — STRIPPED 3.58 1.86 1.86 1.86 5.57 – Boost Project — cost leg (Axiata LMS financing) – – 2,753.88 – – –