Kuala Lumpur: MY E.G. Services Bhd (MYEG) has reported an increase in net profit to RM181.64 million for the first quarter ended March 31, 2025 (1Q 2025), compared to RM155.95 million in the same period last year. Revenue for the quarter also saw a significant increase, rising to RM299.99 million from RM232.96 million previously.

According to BERNAMA News Agency, MYEG attributed the revenue growth to contributions from Web 3.0 application service fees on the Zetrix blockchain platform. Key services such as ZTrade, ZCert, and digital identification registration and transactions, along with the sale of Zetrix tokens, were highlighted as major revenue drivers.

In a filing with Bursa Malaysia, MYEG expressed optimism for the financial year ending December 31, 2025 (FY2025), citing initiatives in Zetrix as key to driving organic growth. The company noted that the commercialisation of innovative services through Zetrix’s widespread adoption will be pivotal. The operationalisation of the Malaysia Blockchain Infrastructure in collaboration with MIMOS Technology Solutions Sdn Bhd is expected to enhance opportunities for Zetrix further.

Additionally, MYEG’s integration with China’s national blockchain platform, ‘Xing Huo’, is anticipated to facilitate cross-border trade, marking a significant step into the global market. The company also aims to leverage artificial intelligence (AI) to develop agentic AI systems capable of performing tasks autonomously.

MYEG announced the launch of the China-ASEAN AI Lab, which will spearhead AI projects to boost growth from FY2025 onwards. The company remains cautiously optimistic about its long-term outlook, committed to introducing innovative services both in Malaysia and globally.

The company has proposed a final dividend of 2.49 sen per ordinary share for the financial year ended December 31, 2024, pending approval from shareholders at the upcoming annual general meeting on June 23, 2025.