Capital A Berhad has reported its fourth-quarter 2025 results. Since the company disposed of its aviation at the start of the year, the company has not included AirAsia X results.
Revenues were up 16% in the fourth quarter to 1.06bn Malaysian ringgits ($270 million). EBITDA was up 7% to 111 million ringgits ($28.3 million). Net operating profit was down 12% to 45 million ringgits ($11.5 million), while profit after tax was 9.82bn ringgits ($2.5bn), which included one-off gain from aviation disposal.
The company now focusses on five core businesses: ADE, Teleport, AirAsia MOVE, Santan, and AirAsia Next.
“The completion of our aviation disposal is a huge moment for Capital A,” said Capital A CEO Tony Fernandes.
“We said we would restructure, we said we would regularise, and we’ve delivered. The gain from the disposal has restored the Group to positive equity of RM937 million ($240.8 million), marking a clear financial reset. Now we look forward to PN17 uplift and drawing a firm line under the past few years.”
PN17 status is Malaysia's designation for companies in financial distress. The company completed its PN17 regularisation plan on January 23 and now awaits an official uplift from the status.