Zetrix AI (ZETRIX) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RM386.30 million, up 28.8% year-over-year, driven by web3 application service fees and sales of Zetrix layer-1 nodes.

• Profit after taxation rose 49.3% year-over-year to RM271.11 million, despite a RM9.10 million impairment loss on investment in HeiTech Padu Berhad.

• Sequentially, revenue and PAT increased slightly by 0.14% and 1.61% from Q4 2025.

Financial highlights

• Operating profit for Q1 2026 was RM342.97 million, up 51.8% year-over-year.

• Basic EPS increased to 3.5 sen from 2.4 sen year-over-year.

• Net assets per share rose to 51.78 sen from 47.85 sen at year-end 2025.

• Cash and cash equivalents at period end were RM691.54 million, up from RM533.06 million at year-end 2025.

Outlook and guidance

• Focus remains on expanding Zetrix blockchain and AI technology globally, leveraging partnerships with IFC and China Asean AI Lab.

• Plans to carve out projects for potential listing on an international exchange to access global capital.

• Board remains cautiously optimistic about long-term prospects, with continued innovation in Malaysia and globally.