VCI Global jumps as H1 revenue from tech segment surges more than 5x

VCI Global

06/10/2025 17:59

** Shares of technology and business advisory firm VCI Global Limited VCIG.O up ~6% at $6.72

** Rollout of enterprise-focused AI solutions and more adoption of co's broader technology consulting services boost H1 rev from technology development, solutions and consultancy by 434% to $9.3 mln

** Co reports H1 total revenue of $18.7 mln, up from $13.7 mln in the same period last year

** Planned carve-out IPO of co's advisory arm, V Capital Consulting Group (VCCG), remains on track for March 2026

** Co's shareholder returns have lagged and historically, its rev growth has fallen short of asset growth; earnings growth has exceeded equity growth and ROE has eroded very significantly since 2020 - PriceTarget Research

** Stock has declined ~99% YTD, including session gains

 (Reporting by Krisha Bhatt)

 ((Krisha.Bhatt@thomsonreuters.com;))