PETALING JAYA: MyEG Services Bhd
(MyEG) expects to continue its initiatives in its public blockchain infrastructure called Zetrix to drive its organic growth this year.
In a filing with Bursa Malaysia, MyEG a provider of e-government services, said the initiatives include the commercialisation of innovative services as Zetrix becomes widely adopted.
“In addition, with artificial intelligence (AI) technology becoming widely adopted, the company intends to leverage this evolving technology to develop Agentic AI, which is able to operate and perform tasks without any human supervision.”
For the first quarter ended March 31, 2025 (1Q25), MyEG’s net profit rose to RM181.64mil from RM155.95mil in the previous corresponding quarter, while revenue in 1Q25 grew to RM299.99mil from RM232.96mil a year earlier.
MyEG said the improved performance was due to contribution from service fees for applications on the Zetrix blockchain platform such as ZTrade, ZCert and Digital ID registrations and transactions; and contribution from the sale of Zetrix tokens.
