VCI Global (NASDAQ:VCIG) reported a net loss for fiscal 2025 as restructuring costs and higher operating expenses offset growth in its technology and fintech businesses.
Revenue declines as consulting business is spun off
The Kuala Lumpur-based company posted a net loss of 30.2 million dollars for the year ended 31 December 2025, compared with a net profit of 7.6 million dollars in the previous financial year.
Total revenue declined 6.2 percent to 26.1 million dollars from 27.8 million dollars in fiscal 2024.
Revenue from the company’s business strategy consultancy division fell 29.3 percent to 10.5 million dollars. The unit was spun off in December 2025 as V Capital Consulting Group Limited.
By contrast, revenue from technology development, solutions and consultancy increased 13.3 percent to 12.9 million dollars.
Interest income climbed 88 percent to 2.3 million dollars, supported by the continued expansion of fintech subsidiary Credilab.
Other income boosted by one-off gains
Other income rose sharply to 9.4 million dollars from 241,600 dollars in the previous year.
The increase was mainly driven by a foreign exchange gain of 5.9 million dollars and 2.5 million dollars in non-recurring settlement compensation.
Despite those gains, EBITDA for the year remained negative at 27.5 million dollars.
Expenses increase significantly
Other operating expenses jumped to 26.7 million dollars from 4.4 million dollars a year earlier.
The increase reflected losses on subsidiary disposals, higher provisions for receivables and investment-related losses.
Employee benefit expenses also rose significantly to 17.3 million dollars from 6.8 million dollars.
Cost of services increased 37 percent to 6.8 million dollars, largely due to higher information technology expenses, which climbed to 5.7 million dollars from 2.4 million dollars.
Cash position weakens following investment activity
Cash and cash equivalents declined to 940,000 dollars at the end of 2025, compared with 8.1 million dollars a year earlier.
Operating cash flow fell to 2.6 million dollars from 22.3 million dollars, while investing activities used 73.0 million dollars in cash during the year.
Financing activities generated 66.2 million dollars, including 53.7 million dollars from share issuances and 14.0 million dollars raised through convertible notes.
Basic and diluted loss per share came to 463.01 dollars.
Total assets increased to 116.9 million dollars from 91.6 million dollars, while total liabilities rose to 20.6 million dollars from 5.2 million dollars.
VCI Global stock price
