KUALA LUMPUR (Nov 19): Zetrix AI Bhd (KL:ZETRIX), formerly known as MyEG Services Bhd, saw its net profit for the third quarter ended Sept 30, 2025 (3QFY2025) hit a record high of RM220.36 million, a 12.98% rise from RM195.05 million a year ago.

The group said in a bourse filing that its quarterly revenue rose 37.69% year-on-year (y-o-y) to RM341.65 million from RM248.13 million previously.

The group did not recommend any dividend for the quarter under review.

Zetrix AI attributed its stronger top line and bottom line performance to contributions from Web3 application service fees on its Zetrix blockchain platform, including the Malaysia Blockchain Infrastructure, ZTrade, ZCert, global voting applications and Digital ID registration and transactions.

It was also contributed by proceeds from the sale of Zetrix tokens and a fair value gain from investment in HeiTech Padu Bhd (KL:HTPADU) as a result of mark-market practice.

For 9MFY2025, Zetrix AI’s net profit expanded 16.41% to RM601.15 million from RM516.42 million in the same period a year ago, on the back of a 31.26% rise in revenue to RM949.53 million from RM723.37 million.

Moving forward, Zetrix AI expects to continue its initiatives in Zetrix to drive organic growth for FY2025. In addition, it intends to leverage artificial intelligence (AI) technology to develop Agentic AI, which can operate and perform tasks without any human supervision.

“The recently launched China Asean AI Lab (the Lab) will focus on the convergence of Blockchain, AI and Robotics with localisation and customisation of these technologies to suit local market demand,” it said.

“The board is also exploring a carve out of projects from the Lab to be structured into a new subsidiary with the intention to list on an international stock exchange such as US-based Nasdaq or similar exchange globally.

“A successful listing will enable the company to tap on a bigger pool of global capital to further propel Zetrix's push to be one of the leading AI companies,” it added.

Zetrix AI’s shares rose 2.5 sen or 3.05% to settle at 84.5 sen on Wednesday, valuing the group at RM6.64 billion. However, the stock is down 12% year to date.