Intelligence Node · AI-09
Weekly AI Briefing
FY2025 closed at RM 1,041.1M revenue and RM 120.9M EBITDA, but RM 506.4M of non-cash impairments (SilTerra, legacy energy) pushed the group to a RM 465.5M loss after tax — cash position remains adequate to fund the FY26 AI infrastructure ramp.
Group revenue held at RM 1,041.1M (FY24: RM 1,071M) and EBITDA at RM 120.9M. The headline LAT of RM 465.5M is dominated by RM 506.4M of impairments — RM 200.2M against SilTerra carrying value, the balance across legacy Technology platforms and Energy assets. Stripping out impairments, underlying group operations remain near breakeven and cash-generative at the EBITDA line.
USD exposure has shifted: SilTerra wafer revenue is largely USD-billed, hedging that against Ping Petroleum's USD-denominated entitlement and capex. Net group USD long position estimated at ~USD 28M; the immediate FX action item is the USD 14M of Gamuda DNeX Cloud GPU imports landing in H1 FY26.
Sources · Internal ERP + Bloomberg + AI scrape