KUALA LUMPUR: Capital A Berhad has reported a strong financial turnaround, posting a net profit of RM689.57 million for the first quarter ended 31 March 2025. This marks a significant recovery from the net loss of RM91.55 million recorded in the same period last year.
According to its filing with Bursa Malaysia, the group’s revenue from continuing operations rose to RM414.52 million, up from RM359.76 million previously. This growth was primarily driven by improved performance across its non-aviation businesses.
Capital A is currently undertaking the divestment of its aviation business to AirAsia X Berhad, with the transaction expected to be completed by the third quarter of 2025. The group said the move would enable its non-aviation segments, such as Asia Digital Engineering and Teleport, to accelerate their growth plans. These efforts are supported by increasing demand and targeted capital-raising initiatives.
The company had previously stated that it was on track to complete its proposed regularisation and restructuring plan by June 2025. This follows continued progress in meeting key regulatory, financial, and operational milestones.
Capital A had aimed to exit its Practice Note 17 (PN17) status by May, having secured approvals from both its shareholders and the High Court for its regularisation plan.
-Bernama
