Malaysia Aviation Group Bhd (MAG) more than doubled its net profit after interest and tax (NIAT) to RM137 million in its financial year ended Dec 31, 2025 (FY25) from RM54 million a year earlier, underscoring a sustained turnaround driven by disciplined cost management, network expansion and improving operational efficiency.
Group CEO Captain Nasaruddin A Bakar highlighted that the strong bottomline performance marks the group’s fourth consecutive year of operating profit, as MAG capitalised on resilient travel demand, a stronger ringgit and favourable fuel prices to reinforce its recovery trajectory.
“Earnings before interest, taxes, depreciation and amortisation (EBITDA) surged to RM1.6 billion from RM788 million in 2024, while revenue climbed 6% year-on-year (YoY) to RM14.5 billion.
“The growth was underpinned by capacity expansion, improved commercial execution and network optimisation across key markets,” Captain Nasaruddin said during the group’s 2025 financial performance update on April 2.
In terms of operationally, Captain Nasaruddin shared that MAG ramped up scale without compromising efficiency as Available Seat Kilometres (ASK) rose 16%, while passenger traffic increased 12% to 18.6 million, supported by a solid load factor of 81%.
“Despite a challenging first quarter marked by earlier capacity and technical constraints, the group regained momentum, delivering three consecutive quarters of strong performance and closing the year with an 81% on-time performance,” he noted.
Meanwhile, Captain Nasaruddin described 2025 as a year of consolidation and disciplined execution, marking the conclusion of MAG’s Long-Term Business Plan 2.0 (LTBP2.0).
“We now transition into LTBP3.0, our roadmap to 2030, from a stronger base and clearer strategic priorities,” he said, noting that fleet modernisation and value chain integration will remain key growth levers.
Among upcoming initiatives is the establishment of MAG Culinary Solutions, including a new catering facility slated for groundbreaking in the second quarter of 2026 and operational readiness by 2029.
Despite the improved financial footing, Captain Nasaruddin emphasised that MAG remains cautious on the outlook, citing geopolitical uncertainties, market volatility and potential cost pressures that could weigh on 2026 performance.
“Still, the group is betting on agility, operational discipline and strategic investments to sustain momentum.
“Our priority is to remain agile, driving financial resilience and operational sustainability while keeping safety at the core,” Captain Nasaruddin said.
