KUALA LUMPUR: Technology firm Dagang Nexchange Bhd
(DNeX) recorded a wider net loss of RM317.99 million for 2025 compared with a net loss of RM50.36 million previously amid combined impairment worth RM429.5 million in its semiconductor and energy segments.
Revenue slipped to RM1.04 billion for the year ended Dec 31, 2025 versus RM1.17 billion before.
"The 2025 results include total impairment of RM429.5 million. Both asset impairments relate to the fair value uplift recognised upon the acquisition of the respective segmental assets and are non-cash accounting adjustments,” it said in a filing with Bursa Malaysia today.
"However, the impairments do not reflect any deterioration in the underlying operational performance of the assets. The group remains confident that the revised carrying values are appropriate and continues to have confidence in the business prospects of both segments,” it said.
Its fourth quarter also saw higher net loss of RM270.92 million compared with a net loss of RM78.93 million before, while revenue was RM214.94 million, lower than the RM303.05 million in the fourth quarter of 2024.
The multinational corporation, which has diverse businesses in semiconductor, energy and information technology, said it remains cautiously optimistic for its semiconductor segment in the current year.
"Our strategic priorities are centered on expanding production capacity, sustaining high utilisation rates and enhancing operational efficiency to support long-term profitability.”
"At the same time, we are actively pursuing strategic partnerships to capture opportunities from ongoing supply chain realignments and to navigate the evolving trade and geopolitical landscape.”
As for the energy sector, DNeX said its strategic priorities centre on enhancing operational efficiency, maintaining cost discipline and optimising our portfolio to strengthen resilience amid oil price volatility.
"By leveraging synergies between our upstream and downstream operations, we are building a more integrated and agile energy platform, positioning the group to capture opportunities and deliver sustainable value creation across the full energy value chain.” - Bernama
