Kuala Lumpur: Capital A Bhd’s net profit for the third quarter ended Sept 30, 2025 (3Q) narrowed to RM695.37 million from RM1.64 billion in the same period last year due to the foreign exchange movements.
In a filing with Bursa Malaysia, the company said group revenue also slipped to RM447.40 million in 3Q from RM487.01 million previously.
Nevertheless, Capital A said the group demonstrated an improved operational performance in 3Q, driven by the expansion across its key segments, including travel, logistics, maintenance, repair and overhaul (MRO) services and other travel-related ventures.
It said Asia Digital Engineering Sdn Bhd (ADE), a MRO arm of the group, has significantly improved its performance in 3Q of its financial year ending Dec 31, 2025 (FY2025), recording a revenue of RM221 million, primarily driven by the expansion of the hangar lines from four in 2024 to 16 lines in 2025.
Meanwhile, Teleport reported a net profit of RM8.3 million in 3Q, representing a positive year-on-year turnaround of RM13.2 million, underpinned by increasing operating leverage.
For the first nine months of FY2025, Capital A’s net profit rose to RM2.83 billion compared to RM1.09 billion previously, while revenue improved to RM1.28 billion from RM1.19 billion.
Looking forward, the group said it has entered the final phase of the planned aviation disposal, following its waiver of a key Thai regulatory condition, paving the way for completion of the exercise.
“AirAsia Aviation Group anticipates a seasonally robust fourth quarter, supported by the traditional year-end peak in travel demand and sustained booking momentum across key markets,” it said.
Capital A also noted increased demand from China across the network. With the Indonesia and Cambodia businesses turning profitable in 3Q, the airline group is now intensifying its turnaround efforts in the Philippines, which has always been a core market and strategic priority for the group.
Meanwhile, AirAsia X Bhd’s (AAX) net profit for 3Q FY2025 slipped to RM27.75 million from RM121.63 million previously, while revenue increased to RM803.48 million from RM795.02 million, primarily due to higher average passenger fares and increased ancillary revenue per passenger.
For the first nine months of FY2025, AAX posted a lower net profit of RM113.17 million from RM206.57 million last year, while revenue rose to RM2.40 billion from RM2.37 billion previously.
“In view of the geopolitical uncertainties, the group maintains prudent management of foreign exchange and fuel price volatility, but takes comfort in the recent appreciation of ringgit which further supports the group’s efforts to sustain a disciplined cost structure,” it said in a separate Bursa Malaysia filing.
It also said that AAX secured a major regulatory milestone as the Thai securities condition precedent has been waived, enabling the consolidation of Capital A’s aviation business into AAX to progress into its final phase.
“The group also reiterates that the structure and intention of the proposed exercise remain unchanged from the previous announcement,” it added.
