VCI Global Limited

Good morning everyone and welcome to VCI Global's first half earnings conference call. Joining me today to discuss our results are Victor Hu, our Group Executive Chairman and CEO, and Zhi Feng Ang, our CFO. Before we begin, I would like to take this opportunity to remind you that our remarks today may contain forward-looking statements which are subject to future events and uncertainties. Statements that are not historical facts, including but not limited to statements about the company's beliefs and expectations are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and our action results might differ materially from these forward-looking statements. All forward-looking statements should be considered in conjunction with the cautionary statements in our earnings release and the risk factors including in our filings with FES. This presentation also includes certain non-GAAP financial measures which we believe can be helpful in evaluating our performance. However, those measures should not be considered substitutes for the comparable GAAP measures. The accompanying conciliation information related to those non-GAAP and GAAP measures can be found in our earnings press release issued earlier today. Without further ado, I will now turn the call over to our Group Executive Chairman and CEO, Mr Victor Hu.

Thank you and good morning everyone. The first half of 2025 has been a pivotal period for VCI Global. We are not building just one platform, but a portfolio of high-growth verticals across cybersecurity, AI, fintech technology development, and AI infrastructure. Each of these is designed to stand on its own as a strong business while working together to serve a growing base of enterprise and institutional clients. Our technology segment has taken the lead this year, delivering USD 9.3 million in the first half, up from USD 1.7 million a year ago. This marked a clear structural shift in the business, with technology now driving most of our growth. At the same time, our consultancy arm remains a solid foundation, contributing USD 8.1 million, even as activity levels mobilized after an exceptional 2024. Together, this gives us a balanced model of fast-scaling technology engine supported by stable consultancy cash flow. We are also opening up new revenue streams. One key milestone ahead is the launch of our GPU Lounge and GPU Cloud platform, expanding into GPU as a service. Our RWA consultancy is gaining traction, and we are increasing investment in cybersecurity, AI, Data Analytics and FinTech. These are areas with long-term potential and strong alignment with our strategy. In parallel, we are in advanced discussion on a digital asset treasury strategy, which we believe will complement our ecosystem and create additional growth opportunities. Another milestone on the horizon is the planned IPO of VCCG, our capital market advisory arm targeted for the first quarter of 2026. This reflects how each vertical from advisory to technology can evolve into a self-sustaining growth engine within the VCIG ecosystem, giving us strategic flexibility and opportunities to unlock value. Overall, revenue grew 37% year-on-year to US$18.7 million, with strong momentum in technology. EBITDA was US$5.2 million, supported by top-line growth and disciplined execution. Looking ahead, our focus is clear, execution and scaling. We are bringing our GPU and AI infrastructure services to market, growing our cybersecurity offerings, and maintaining healthy deal flow in our capital markets advisory business. We are building VCI Global as an ecosystem of platforms, each with clear commercial value and long-term potential. I'm encouraged by the progress so far and focus on what's ahead. With that, I'll hand it over to Ang to walk through the financial performance in more detail.

Thank you, Victor. Hello, I'm Ang, CFO of VCIG, and let me walk you through our financial performance for the first half of 2025, covering the six months ended June 30. We reported total revenue of 18.7 million USD representing a 37% increase from the prior year period. Gross profit increased by 17% to 15.1 million USD with gross margin maintained at 80%, supported by a disciplined cost structure and operating leverage inherent in our model. EBITDA was 5.2 million USD reflecting both top-line growth and continued investment across our strategic initiative. Net profit after tax was $4.66 million with a net margin of 25%, demonstrating the resilience of our earnings profile as we scale new verticals. Outside of the core business, interest income increased to $1.3 million compared to $0.7 million a year ago, driven by a larger loan receivable base and client financing activities. This remains a high-quality earning stream that complements our core operations. Other services contributed US$43,000 compared to US$140,000 last year, while other income increased to US$0.6 million from US$0.1 million primarily from financial assets and ancillary gains. Taken together, the first half results reflect a scalable margin a creative model underpinned by diversified revenue stream and disciplined capital deployment. As we move into the second half, our focus is on executions, converting strategy initiative into sustained earning growth and maintaining the financial rigor that supports it. With that, I'll hand it back to the moderator.