ARB IOT Group Limited

ARBB

Information Technology Services · Technology

Price

$4.38

-0.39 (-8.22%)

Market Cap

$7.7M

Exchange

NASDAQ Capital Market

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 25, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Mixed

Stability

Data not available

Valuation

Data not available

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Winston Score History

The full picture

ARB IOT Group is a Malaysia-based technology company that provides Internet of Things (IoT) solutions and IT services. Its offerings include smart devices, connectivity platforms, and system integration services aimed at businesses and government agencies. The company focuses on helping organizations collect and manage data from connected devices across areas like smart cities and industrial automation.

ARB IOT generates revenue through hardware sales, software licensing, and IT project services. It operates primarily in Southeast Asia and is a small-cap company with a market capitalization well under $100 million. The company currently operates at a loss, with negative gross and operating margins, which reflects the early-stage nature of its business and heavy investment relative to revenue. The key risk is whether ARB IOT can scale its revenue fast enough to reach profitability before needing additional capital.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+92.2% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+48.6% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

0 MYR/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

35.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

32M MYR cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

ARB IOT Group Limited is growing revenue at 92% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.9% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 1.8M (2021) → 1.8M (2025)

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

1.2%

Thin — 1.2% gross margin

Profit after running costs

Operating Margin

-9.8%

Losing money on operations — -9.8%

Return on the money invested

ROCE

-5.5%

Weak — -5.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+37.3%

Fast-growing sales (+37.3% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

17.3%

Converts sales into free cash efficiently (17.3%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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