Capital A maintains positive outlook for 2025
Capital A CEO Tan Sri Tony Fernandes
KUALA LUMPUR: Capital A Bhd remains optimistic about its 2025 prospects and is committed to delivering strong operational and financial performance to ensure sustainable returns for shareholders.
Chief executive officer Tan Sri Tony Fernandes said the group is in the final stretch of its restructuring journey and is not just surviving but charging ahead.
'The High Court has approved our capital reduction, shareholders have backed it unanimously, we are confident to say the tunnel is behind us. Now it's full throttle ahead,' he said in a statement.
Fernandes said the group has set 'ambitious but realistic internal targets for 2025' and confirmed it remains on track.
'Aviation is gaining momentum, Capital A businesses are outperforming expectations—particularly Teleport and Santan, gearing up for a stronger second quarter,' he said.
He added that BigPay remains focused on a path toward profitability, targeting breakeven in the later part of the year by leveraging the AirAsia ecosystem and key partnerships.
'With Board approval secured, Capital A will now actively explore a dual listing on the Hong Kong Stock Exchange to supercharge our next growth chapter and broaden access to global capital markets. We anticipate providing further updates as developments unfold,' Fernandes said.
In the first quarter ended March 31 (1Q25), Capital A posted a net profit of RM689.6mil, or earnings per share of 15.90, compared with a net loss of RM91.5mil, or loss per share of 2.20 in the year-ago quarter.
Revenue for the quarter rose 15.2% to RM414.5mil against RM359.8mil last year.
Fernandes said plans are taking shape for the brand company, Abc., to further grow its existing brands, expand its portfolio through acquiring strong Asean brands, and provide consultancy services to international brands seeking to enter the region.
'With our more than two decades of brand-building experience in Asean, we believe there is a lot of value to be unlocked, the only way we know how. We plan to revisit the opportunity to list Abc. on Nasdaq.
'I'm confident 2025 will be a defining year for Capital A.'
Meanwhile, Capital A is now close to finalising a RM1bil private placement. However, it must first secure consent from two remaining aircraft lessors and obtain clearance from Thailand's Securities and Exchange Commission (SEC), the latter of which has experienced delays.
'As a result, the overall timeline is expected to shift, with completion now targeted by 3Q25,' it said.
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