Zetrix AI (ZETRIX) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 rose 28.8% year-over-year to RM299.98 million, with profit after tax up 16.2% to RM181.57 million, driven by web3 application service fees and Zetrix token sales.

• Sequentially, revenue and profit after tax were stable compared to Q4 2024, with a slight increase in PAT when excluding impairment losses.

Financial highlights

• Operating profit increased 22.3% year-over-year to RM225.99 million.

• Impairment loss of RM15.76 million recognized on investment in HeiTech Padu Berhad.

• Basic and diluted EPS for Q1 2025 were 2.4 sen, up from 2.1 sen in Q1 2024.

• Net assets per share rose to 42.86 sen from 38.09 sen at year-end 2024.

Outlook and guidance

• Continued focus on Zetrix blockchain and AI initiatives, including commercialisation and integration with China's Xing Huo platform.

• Board remains cautiously optimistic for long-term growth, leveraging innovative services and global expansion.