VCI Global (VCIG) H1 2025 earnings summary

Executive summary

• Revenue grew 37% year-over-year to $18.7M for the first half of 2025, driven by technology development and consultancy, with a strategic shift toward AI, cybersecurity, fintech, and AI infrastructure.

• Technology segment revenue surged 434% year-over-year to $9.3M, now leading growth.

• Consultancy contributed $8.1M, moderating after a record 2024 but supporting a balanced business model.

• Net profit after tax was $4.66M, with a net margin of 35%, though net profit declined 13% year-over-year due to higher operating expenses and AI infrastructure investment.

• Planned IPO of capital market advisory arm (VCCG) in Q1/March 2026 to unlock further value.

Financial highlights

• Gross profit increased 17% to $15.1M, with gross margin steady at 80%.

• EBITDA reached $5.2M, reflecting top-line growth and ongoing investment.

• Interest income rose to $1.3M from $0.7M year-over-year, driven by a larger loan receivable base.

• Other income increased to $0.6M from $0.1M, reflecting higher financial asset-related gains.

• Basic and diluted EPS was $57.08, reflecting a normalized share base after a reverse share split.

Outlook and guidance

• Focus for the second half is on execution, scaling technology and AI infrastructure, and maintaining healthy deal flow in capital markets advisory.

• Pipeline for H2 is steady, with strong enterprise interest in AI-integrated servers and GPU cloud platform.

• Initial client onboarding for SecureGPU and GPU cloud expected in coming months.

• Expanding RWA consultancy and digital asset treasury strategy to open new recurring revenue streams.

• Continued investment in cybersecurity, AI, data analytics, and fintech to drive future growth.