Capital A Berhad reported its first quarter result for the year showing growth for all four companies– Aviation, Aviation Services, Digital, and Logistics. The group’s PAT was RM26 million as the revenue grew 212% Year-on-Year to RM2.5 billion. It also achieved a positive EBITDA of RM502 million which is comparable to the pre-pandemic period.
Contributing to the better result was the group’s performance in aviation, the strong return on travel also accelerated the growth trajectory of other portfolio companies in 1Q2023. Additionally, Teleport will now have a larger belly capacity to sell cargo, while the airasia Superapp has an expanded inventory of flight tickets, hotels, and ride offerings.
The group said BigPay witnessed an increase in usage as more users travelled and made payments using its card. Capital A’s engineering and maintenance subsidiary ADE also played a pivotal role in efficiently bringing more AirAsia aircraft back into operation enabling the Group to meet the strong demand across the industry.
Commenting on the group’s Practice Note 17 (“PN17”) status, CEO Tan Sri Tony Fernandes said Capital A has made the decision to revise the announcement date due to the requirements to incorporate the latest FY2022 audited figure into the plan. The process is essential to ensure that its financial results accurately reflect the performance and strategic direction.
The revised timeline involves full submission in July 2023, with the execution plan commencing in quarter four upon obtaining all required approvals from Bursa Malaysia and relevant authorities
