Capital A Berhad · MYX:CAPITALA
Capital A Berhad — Q4 2025 Earnings Presentation
21 slides from Capital A Berhad's earnings presentation, February 2026
Slide 1: 4Q2025 Financial Results
4Q2025 Financial Results © 2025 Capital A. All rights reserved.
Slide 2: Forward-Looking Statements and Non-MFRS Financial Information
FORWARD-LOOKING STATEMENTS AND NON-MFRS FINANCIAL INFORMATION This presentation includes forward-looking statements regarding future performance and events. These statements are based on various assumptions and expectations and may include projections of our future financial performance and anticipa
Slide 3: Notes
Notes For this presentation, Capital A results will be segmented into: ● Aviation business (AirAsia Aviation Group) ● Non-aviation businesses (Capital A Companies) The Bursa announcement follows MFRS 5 reporting, where the results are split between Continuing and Discontinuing Operations. However, f
Slide 4: Capital A Companies 4Q25 financial highlights
Capital A Companies 4Q25 financial highlights Revenue EBITDA NOP 1,057 RM million 111 RM million 45 RM million ▲16% YoY ▲7% YoY ▼12% YoY 11% margin 4% margin 4
Slide 5: Capital A Companies during the year
Capital A Companies during the year A full year of consistent Capacity expansion propels revenue profitability to a record RM890 million peak with EBITDA margin of 23% 13% EBITDA margin, 5% NOP margin Successful turnaround to RM13.5 FY25 Revenue million PAT from prior year losses of RM22 million 3,3
Slide 6: Corporate restructuring concluded
Corporate restructuring concluded Sets sight on 2026 strategic reset Regularisation Aviation Disposal Plans Regulatory Four quarters of Completed ＋ Milestones ＋ profit Completed PN17 upliftment application submitted Capital A has built five focused business pillars with each: ● Disruptive business m
Slide 7: Capital A Companies
CAPITALACOMPANIES ,
Slide 8: Asia Digital Engineering (ADE) financial highlights
Asia Digital Engineering (ADE) financial highlights Delivers continuous revenue expansion and stable margins RM million (pre-elimination) ● Quarterly revenue grew 31% YoY, attributable to - Base maintenance: completed 13 checks in 4Q25, leading to 86% increase for the year due to capacity expansion
Slide 9: Asia Digital Engineering (ADE) business outlook
Asia Digital Engineering (ADE) business outlook Scaling commercial footprint post-fleet restoration Third party growth ● Focus to shift towards capturing high-yield third-party maintenance volumes and expanding external customer base, following full fleet restoration and improved turnaround ● Target
Slide 10: AirAsia MOVE financial highlights
AirAsia MOVE financial highlights MOVE core back into growth with new B2B channel expansion accelerating uplift. ● 4Q25 Revenue, +78% YoY and +168% QoQ. 4Q25 revenue of RM300mil. RM million (pre-elimination) ● FY25: Net Revenue of over RM640mil, with healthy EBITDA and NOP margin of 13% and 10%. - F
Slide 11: AirAsia MOVE business outlook
AirAsia MOVE business outlook Dual core strategy: user acquisition and optimise conversion User acquisition and Retention ● Investment in Platform technology to deliver frictionless onboarding, lower latency and drive loyalty for repeats and retention ● Enhance proprietary virtual concierge to incre
Slide 12: Teleport financial highlights
Teleport financial highlights Closing 2025 on solid fundamentals: Strong quarter and record-breaking full year results 4Q25 ● Revenue: RM367 mil (+10% YoY) despite declining market yield RM million (pre-elimination) ● Record-high tonnage: 102,688 tons (+19% YoY) ● Strong eCommerce growth: - 63 mil p
Slide 13: Teleport business outlook
Teleport business outlook Top-10 Asian eCommerce-by-air logistics player targets global scale Strategic capital deployment for growth towards IPO ● Raised pre-IPO growth capital : USD50 million from HPS Investment Partners, a part of Blackrock at a pre-money valuation of USD500 million. ● Accelerati
Slide 14: AirAsia Next (incl BigPay) financial highlights and outlook
AirAsia Next (incl BigPay) financial highlights and outlook Margin adjusts to reflect reallocation of cost and sponsorship initiatives ● Seasonal uptick in revenue during 4Q25, in line with airline revenue RM million (pre-elimination) trend ● 35% and 27% EBITDA and NOP margin, slipped due to; - Incl
Slide 15: Santan financial highlights and outlook
Santan financial highlights and outlook Scaling to record revenue peaks with sustained year-long profitability RM million (pre-elimination) ● 12% YoY growth in revenue; - Steady TUR of 29% in 4Q25, resulting in 30% TUR for the year - Quarterly prebook TUR improved by 2 ppts YoY, with quantity sold u
Slide 16: Internal Targets
INTERNAL TARGETS
Slide 17: FY25 vs Internal Target
FY25 vs Internal Target Based on unaudited FY25 Capital A Companies (Continuing Operations) FY2025 FY2025 Unaudited Progress Target Revenue (RM bil) 3.5-4 3.4 Met EBITDA (RM bil) 0.5-0.6 0.4 Met NOP margin 7-10% 7%* Met * NOP Margin is based on operating entities only (excluding holding companies an
Slide 18: FY26 Internal Target
FY26 Internal Target FY26 Revenue Target FY26 EBITDA Target FY26 NOP Target 3.8 RM billion 600 RM million 266 RM million ▲12% YOY ▲20% YOY
Slide 19: Appendix
APPENDIX
Slide 20: Capital A Companies operating statistics
Capital A Companies operating statistics AirAsia MOVE Oct - Dec 2025 Oct - Dec 2024 Change 1 Monthly Active Users (MAU)('000) 14,780 15,216 -3% No. of Transactions ('000) 3,207 3,779 -15% Gross Booking Value (RM’mil) 2,674 2,694 1% 2 Duty free and merchandise 75,181 43,838 71% Teleport Oct - Dec 202
Slide 21: Thank You
h_c&a Thank You capital J