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Technology Revenue Surges 434% and Gross Margin Holds at 80%, Underscoring VCI Global’s Profitable Expansion and Strategic Positioning Across AI, Fintech, and Digital Assets
KUALA LUMPUR, Malaysia, Oct. 06, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a cross-sector platform builder integrating deep technology with financial architecture to enable sovereign-ready digital ecosystems, today announced its unaudited financial results for the six months ended June 30, 2025 (the “Interim Results”).
“The first half of 2025 has been transformative for VCIG. We delivered strong revenue growth while maintaining industry-leading margins and reinvested in high-growth verticals to drive future expansion. With the upcoming launch of our GPU Lounge and Cloud platform, RWA consultancy, and increased investments in cybersecurity, AI, data analytics, and fintech, we are opening new recurring revenue streams. Combined with our proven capital markets advisory business, these initiatives position VCIG at the intersection of AI, digital assets, and financial innovation,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
FINANCIAL RESULTS
Revenue was US$18.7 million for the six months ended June 30, 2025, compared to US$13.7 million in the same period last year, representing a 37% increase. The growth was driven primarily by expansion in technology development and consultancy.
Six months ended June 30, 2025 | ||||||
2025 | 2024 | Change | ||||
USD | USD | % | ||||
Revenue from Business Strategy Consultancy | 8,086,215 | 11,160,748 | -27.5 | % | ||
Revenue from Technology Development, Solutions and Consultancy | 9,342,691 | 1,748,959 | 434.2 | % | ||
Interest Income | 1,272,227 | 677,086 | 87.9 | % | ||
Others | 43,133 | 139,906 | -69.2 | % | ||
Total Revenue | 18,744,266 | 13,726,701 | 36.6 | % |
Other income for the six months ended June 30, 2025, was US$0.4 million, compared to US$0.1 million in the same period last year, reflecting increased financial asset-related income and other miscellaneous gains.
EBITDA for the period was approximately US$5.1 million, supported by continued operational scaling and prudent cost discipline.
Net profit amounted to US$4.7 million for the six months ended June 30, 2025, compared to US$5.4 million in the same period last year, representing a 13% decrease. The decline was mainly driven by higher operating expenses alongside increased investment in AI infrastructure and capabilities.
Cost of Services was US$3.7 million for the six months ended June 30, 2025, representing a significant increase of 334% compared to US$844 thousand in the corresponding period of 2024.
2025 | 2024 | Change | ||||
USD | USD | % | ||||
Consultant Fee | 251,622 | 734,589 | -65.7 | % | ||
IT Expenses | 3,291,321 | 8,904 | 36,864.5 | % | ||
Training costs | 0 | 10,098 | -100 | % | ||
Others | 120,114 | 90,461 | 32.8 | % | ||
Total | 3,663,057 | 844,052 | 334.0 | % |
Depreciation expenses were US$207 thousand for the six months ended June 30, 2025, compared to US$108 thousand in the same period last year, representing a 91% increase. The rise was mainly due to additional assets acquired, including new computer equipment, software, and office facilities to support the expansion of AI infrastructure and consultancy operations.
Employee benefit expenses totalled US$2.6 million for the six months ended June 30, 2025, compared to US$1.6 million in the corresponding period of 2024, reflecting a 60% increase. The increase was mainly driven by a larger workforce and higher employee benefits, including salary increments and statutory contributions.
Operating income was US$4.7 million for the six months ended June 30, 2025, representing a 16% decrease from US$5.6 million in the same period last year. The decline was primarily attributable to a significant increase in the cost of services incurred during the period.
Profit for the six months ended June 30, 2025, was US$4.7 million, compared to US$5.4 million in the same period last year, reflecting a 13% decrease, primarily due to higher IT infrastructure investment and capabilities.
Basic and diluted earnings per share were US$57.08 for the six months ended June 30, 2025, compared to US$252.38 in the same period last year. The decrease was mainly attributable to the impact of a reverse share split completed in 2024, which increased the per-share figure in the prior period. The current period EPS reflects a normalized share base following the consolidation, providing a more consistent representation of earnings performance.
CASH POSITION AND CAPITAL ALLOCATION
Net cash generated in operating activities was US$969 thousand for the six months ended June 30, 2025, compared to US$9.5 million used in the same period last year, reflecting a 110% improvement. The reduced outflow was primarily due to better working capital management despite higher receivables.
Net cash used in investing activities was US$45.5 million for the six months ended June 30, 2025, compared to US$1.1 million generated in the prior-year period. The significant increase was mainly attributable to investments in financial assets and continued expansion of AI and technology infrastructure, including a few intangible assets.
Net cash generated from financing activities was US$41.3 million for the six months ended June 30, 2025, compared to US$8.3 million in the prior-year period. The increase was primarily due to proceeds from share issuances, which strengthened the Company’s balance sheet to support growth initiatives.
Cash and cash equivalents stood at US$2.3 million as of June 30, 2025, compared to US$1.2 million as of June 30, 2024, primarily due to the timing of investments and foreign exchange effects. The Company remains confident in its liquidity position given its successful fundraising activities and ongoing receivables collection efforts.
STRATEGY OUTLOOK
About VCI Global Limited
VCI Global Limited is a cross-sector platform builder at the forefront of technology and financial architecture. The Company focuses on developing and scaling platforms across artificial intelligence, encrypted data infrastructure, digital treasury systems, and next-generation capital market solutions.
By integrating technology innovation with financial ecosystems, VCI Global enables enterprises, governments, and institutions to capture opportunities in the evolving digital economy. The Company’s strategy is centered on building scalable platforms that deliver resilience, efficiency, and long-term value across multiple high-growth sectors.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITED
[email protected]
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