News
Capital A reports halving of net profit due to adverse foreign exchange movements
December 1st 2025
Capital A has reported net profit of 695.4 million ringgit (US$168 million) for the three months to September 30 2025, down 57.6% from net profit of 1.6 billion ringgit in the same three months in 2024. Read More » Revenue fell 8.1% to 447.4 million ringgit, Capital A said in a regulatory filing. The company said the decline in net profit was due to the impact of foreign exchange movements in the quarter. "Excluding this impact, the underlying performance of the group for Q2 and Q3 of 2025 remained largely stable," Capital A said. The company’s aviation assets, the AirAsia group of airlines, reported a 2% fall in revenue to 4.5 billion ringgit, which Capital A attributed to continued demand softness in Thailand. "We expect a strong finish to the year, supported by the seasonal travel surge, a clear rebound in the Thailand market and rising demand from China," AirAsia Aviation Group CEO, Bo Lingam, said of the business outlook for the airlines in its portfolio. "By strengthening domestic capacity in Malaysia, Thailand and Indonesia, and accelerating growth in the Philippines, we are already seeing higher loads and stronger ancillary performance. With our Indonesia and Cambodia businesses turning profitable in 3Q25, we are intensifying our turnaround efforts in the Philippines, which has always been a core market and strategic priority for us."
