PETALING JAYA: Zetrix AI Bhd expects to continue its initiatives in its Zetrix blockchain as well as artificial intelligence technology to drive its organic growth.
In a filing with Bursa Malaysia, the company (formerly known as My E.G. Services Bhd
) said it is cautiously optimistic that its long-term outlook remains positive, as the group continues to introduce innovative services in Malaysia as well as globally.
For its first quarter ended March 31, 2026, Zetrix’s net profit rose to RM271.33mil from RM181.64mil in the previous corresponding quarter, while revenue grew to RM386.3mil from RM299.99mil a year earlier.
The company said the improved revenue and profit was due to the continuous contribution from web3 application service fees on Zetrix such as the Malaysia Blockchain Infrastructure, ZTrade, ZCert, global voting applications and Digital ID registrations and transactions as well as sale of Zetrix layer-1 nodes.
Separately, Zetrix said it had signed a memorandum of understanding with Nasdaq-listed Forefront Tech Holdings Acquisition Corp (FTHAC), for a potential business combination.
FTHAC is a special purpose acquisition company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, recapitalisation, reorganisation or similar business combination with one or more businesses.
