PETALING JAYA: Kronologi Asia Bhd
has posted a net loss of RM240.75mil for its fourth quarter ended Jan 31, 2026 (4Q25), mainly due to a one-off impairment of an extraordinary item (EI).
This is compared to a net profit of RM5.9mil in the same quarter last year.
In a filing to Bursa Malaysia, the software company said the EI was an active, necessary and prudent measure prompted by the conclusion of a contractual technology partnership announced on Aug 15, 2025.
“While these investments contributed positively to the group over the past decade, the board recognised that the future economic value of these specific intangible assets has ceased,” it explained.
Revenue for the quarter also fell to RM40.21mil, compared to RM89.88mil registered a year ago on the back of lower contribution from its cloud enterprise data management and gross profits.
For its full year, Kronologi posted a net loss of RM237.61mil on the back of RM209.08mil in revenue.
It also announced its new partnership with Hammerspace Asia, aiming to expand the latter's Global Data Platform into the Asia-Pacific region.
Kronologi's chief executive officer, Edmond Tay, said with the explosive growth of data due to the AI revolution, AI architectures are increasingly distributed, requiring real-time processing and scalability.
“Using AI technologies to automate and enhance integration by consolidating disparate sources is a pertinent requirement. Hammerspace, with its unique data-in-place architecture, fulfils this pressing need,” Tay said.
