Kuala lumpur: Capital A Bhd has announced a net profit of RM13.03 billion for the financial year ending December 31, 2025 (FY2025), a significant turnaround from a net loss of RM501.24 million the previous year. This remarkable shift is attributed to the disposal of its aviation business, with financial reporting differentiating between ongoing and discontinued operations.
According to BERNAMA News Agency, the company's revenue increased to RM1.99 billion compared to RM1.70 billion in FY2024. For the fourth quarter (4Q) of FY2025, Capital A recorded a net profit of RM10.20 billion, reversing a net loss of RM1.65 billion from the prior year. This surge was driven by a one-off gain of RM9.7 billion from selling its aviation business to AirAsia X Bhd.
The quarterly revenue also rose to RM769.07 million from RM518.5 million in FY2024. In a filing with Bursa Malaysia, Capital A highlighted the benefits from the aviation business sale to AirAsia X Bhd and improved performance across its core segments.
Capital A further disclosed that it provided financial assistance to its associate and subsidiary companies up to the fourth quarter of FY2025, amounting to approximately RM10.76 million. This included an advance of US$43,026 (RM174,556) to PT Asia Digital Engineering Indonesia via Asia Digital Engineering Sdn Bhd and US$712,928 (RM2.89 million) to ADE Philippines Inc through the same unit. Additionally, RM7.69 million was advanced to BigPay Pte Ltd via Move Digital Sdn Bhd between October and December 2025.
The company stated that the financial support was part of normal business operations, facilitating the companies' operational and financial needs. Capital A noted that the 4Q results aligned with the aviation industry's seasonal trends, showing strong performance and positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) of RM1.01 billion. This was slightly below the RM1.1 billion recorded in the previous quarter due to the discontinuation of operations being accounted for only two months during the period.
Despite operational challenges during the quarter, Capital A reported that its companies largely met their targets. 'Teleport's longer-than-expected fundraising process delayed the anticipated working capital injection, while Santan faced challenges from unfulfilled airline seat budgets. However, this was offset by improved take-up rates and higher revenue per passenger,' the company stated.
Capital A's internal targets rely on a stable economic and political environment and existing legislative and regulatory conditions. The board expressed confidence in the company's future prospects, committed to driving strong operational and financial performance to ensure sustainable long-term returns for shareholders.