PETALING JAYA: MyEG Services Bhd
(MyEG) remains cautiously optimistic about its long-term outlook, as it continues to introduce innovative services both in Malaysia and globally.
The group plans to continue introducing innovative services by leveraging new technologies, particularly artificial intelligence (AI).
It aims to integrate AI with its blockchain and Web 3.0 applications and infrastructure in Malaysia and globally, driving its organic growth in the financial year ending Dec 31, 2025 (FY25).
In the fourth quarter ended Dec 31, MyEG’s net profit rose 20.6% to RM181.1mil, or earnings per share of 2.40 sen compared with RM150.2mil, or two sen in the same quarter a year ago.
Revenue for the quarter jumped 32.2% to RM293.5mil against RM222mil a year prior.
MyEG attributed the higher revenue and profit to fees from Web 3.0 applications on the Zetrix blockchain platform, such as ZTrade, ZCert, and Digital ID services, along with income from the sale of Zetrix tokens.
For FY25, MyEG posted a net profit of RM697.5mil, up 43% from RM487.6mil last year while revenue jumped 31.3% to RM1.02bil. It has proposed a final dividend of 2.49 sen per ordinary share, subject to shareholders’ approval.
