Capital A Q2 net profit plunges 98pct, revenue jumps 92pct
KUALA LUMPUR: Capital A Bhd's second-quarter net profit plunged 98.4 per cent to RM23.87 million from RM1.45 billion a year earlier, weighed down by foreign exchange losses and the post-disposal absence of aviation income.
Capital A Bhd reported a dramatic 98.4% plunge in net profit to RM23.87 million in the second quarter of 2026, compared to RM1.45 billion a year prior. Meanwhile, revenue surged 91.5% to RM1.58 billion, driven by a rapid expansion in maintenance, repair, and overhaul services, and elevated cross-border logistics volumes. For the first half, net profits dropped to RM46.32 million, while revenue increased to RM1.58 billion.
The growth was propelled by Teleport and Asia Digital Engineering (ADE), with Teleport's revenue rising 22% in the quarter and 21% for the six months, supported by higher cargo volumes and increased third-party capacity. ADE delivered RM284 million in revenue, up 29% year-over-year, thanks to higher-value maintenance checks and a surge in workshop orders.
AirAsia MOVE maintained resilience, with a 5% revenue increase in the quarter. CEO Tony Fernandes stated that while geopolitical issues persist, the company is taking steps to ensure full-year performance aligns with last year's results.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
