Zetrix AI (former MyEG)

[winston]

Zetrix AI net profit rises to RM199.14mil in 2Q

NurAI is the world’s first syariah-aligned, Islamic values-based large language model.

KUALA LUMPUR: Zetrix AI Bhd’s net profit increased to RM199.14 million in the second quarter ended June 30, 2025 (2Q 2025) from RM165.42 million in the previous corresponding quarter, mainly due to web3 application service fees on the Zetrix blockchain platform.

Revenue rose to RM307.89 million from RM242.28 million previously, contributed from Malaysia Blockchain Infrastructure, ZTrade, ZCert and Digital ID registration and transaction, as well as contributions from the sale of Zetrix tokens.

Source: The Star

https://www.thestar.com.my/business/bus ... 4mil-in-2q

[winston]

vested

Zetrix AI (Zetrix MK) 2Q25: Ambitious Blockchain Blueprints

Zetrix delivered another stellar quarter with a core net profit of RM182m (+22% qoq), mainly reflecting continuous earnings growth within the blockchain segment.

The upbeat earnings were also complemented by the e-government segment’s steady momentum.

With more applications such as Nur AI, digital bank guarantees, Ztrade and My Digital ID on the Zetrix blockchain, we foresee further elevation of Zetrix’s profitability in 2H25.

Maintain BUY and target price of RM1.52.

Source: UOBKH

https://research.uobkayhian.com/content ... e=hs_email

[winston]

not vested

2Q25: Another good quarter

Result beat; Maintain BUY Zetrix’s

1H25 core earnings beat on stronger blockchain service fees.

We raise FY25–27E earnings by 13–16% to reflect this outperformance.

Maintain BUY with a higher TP at MYR1.66 (from MYR1.45), based on an unchanged 15x FY26E PER (5Y forward mean).

Source: Maybank

https://mkefactsettd.maybank-ke.com/PDFS/481104.pdf