$LMS Compliance(LMS.SI)$ LMS Compliance significantly outperformed uSMART's January 2026 estimates, delivering an actual FY2025 revenue of RM33.64m, 14.0% higher than the projected RM29.50m. Furthermore, the company's actual EBITDA reached RM11.77m, beating the forecast of RM11.05m by 6.5%. This operational beat confirmed the company's growth strategy and built a materially higher, cash-backed earnings base. Although uSMART's July 2026 update technically adjusted the stock rating from "Buy" to "Outperform" solely due to rapid share price appreciation, the firm simultaneously **raised its target price from S$0.44 to S$0.495, signalling a continued 16.5% upside potential**. LMS remains a highly compelling investment for the following solid reasons: S