Capital A Berhad, formerly known as AirAsia Group, has reported its unaudited financial results for the fourth quarter and the full year of 2025, highlighting a notable surge in net profit. This extraordinary profit was primarily due to a significant one-off gain from the disposal of its aviation assets to AirAsia X, completed in December 2025. Revenue for the quarter reached RM1.06 billion, a 16% increase year-on-year, and the full-year revenue amounted to RM3.39 billion, marking a substantial improvement in the group's financial position.
Following the separation of its aviation segment, Capital A has focused on its core non-aviation businesses, including Asia Digital Engineering (ADE), Teleport logistics, AirAsia MOVE, and AirAsia Next. ADE reported its strongest quarterly results with revenue of RM247 million, up 31% YoY, supported by increased demand for maintenance, repair, and overhaul services. Teleport also demonstrated impressive growth, handling 347,885 tonnes of cargo and moving 167 million parcels, which contributed to annual revenue of RM1.2 billion and returned to profitability after a net loss in 2024.
Strategic Developments and Outlook
The company’s CEO, Tony Fernandes, emphasized that the completion of the aviation disposal has restored the group’s positive equity and allowed the core businesses to accelerate growth. ADE is planning an IPO and is finalizing a US$100 million debt facility to fund regional expansion into Thailand, the Philippines, and Bahrain. AirAsia X has set ambitious targets of RM25 billion in revenue and RM5 billion in EBITDA for 2026. Additionally, AirAsia MOVE and AirAsia Next are transforming into fully operational, tech-enabled entities that contribute significantly to the group's revenue and profitability, with AirAsia Next generating RM246 million in 2025, up 540% YoY. Overall, these developments position Capital A to leverage its new, diversified portfolio for sustainable growth.
This financial reset, coupled with strategic technological and operational initiatives, sets the stage for Capital A’s next phase of expansion and profitability in the aviation and digital sectors.
