Noesis Exed Berhad’s Proposed LEAP Market Listing

Professional education provider Noesis Exed Berhad has submitted LEAP Market listing application to Bursa Malaysia Securities Berhad, marking a significant milestone in its 16-year growth journey!

Based on its listing reference price of RM1.26 per share, Noesis will have a market capitalisation of RM25 million upon listing. The exercise involves the issuance of 1.987 million new shares, representing 10% of the enlarged share capital. Of the total proceeds of RM2.5million raised, approximately 11% will be allocated towards upgrading classroom equipment to further enhance students’ learning experience, 58% for working capital to support business expansion, and the remaining 31% to defray listing expenses.

Established in 2009 and operating from its current owned premises since 2014, Noesis specialises in globally recognised professional certification programmes and corporate training services. Over the years, the Group has built a strong track record, enrolling more than 11,000 students since inception, with over 780 active students as at 30 June 2025. Its core clientele consists largely of mid-career professionals, Yayasan Peneraju scholars, and corporate or HRDC-sponsored learners across Malaysia, Singapore and beyond. Noesis offers 10 professional programmes spanning finance, accounting, internal audit, risk management, marketing and human resources. Its preparatory courses cover globally recognised qualifications such as CFA, CIMA, CPA Australia, CIM, FRM, CIA, SHRM, CTP and FPAC. Noesis will continue to position itself as a trusted partner in professional upskilling and career advancement.

Noesis has demonstrated strong operating leverage, underpinned by improving operational efficiency and disciplined cost management. For FYE 06/2025, the Group recorded revenue growth of 25% year-on-year, while profit after tax (PAT) surged by 195%. Based on a PAT of RM1.01 million for FYE 2025, the company is listing at a historical price-to-earnings ratio (PER) of 24.9x. The valuation is expected to become more compelling as the Group continues to deliver strong earnings growth. Encouragingly, the Group’s unaudited PAT for the six months ended December 2025 reached RM1.12 million, already exceeding the net profit recorded for the entire previous financial year. Notably, this was before accounting for listing-related expenses.

Commenting on the listing, CEO Dr. Yee said, “Our proposed listing on Bursa Securities will further enhance our corporate profile and visibility, contributing to our efforts to expand our customer base.”The upcoming LEAP Market debut represents not just a corporate milestone, but a strategic step forward in Noesis’ mission which is “to become Southeast Asia’s leader in applied professional education, developing ‘professionalised’ charterholders through high pass rates, excellent learning environment, career development and innovation”.