VSING flags FY2025 loss of at least RM70.00 million after RM60.00 million goodwill impairment

Bulletin Express03-25

VSING Limited issued a profit warning, indicating that the Group expects to report a loss attributable to owners of not less than RM70.00 million for the financial year ended 31 December 2025, compared with a loss of RM6.10 million in FY2024.

The sharp deterioration stems mainly from an impairment loss of no less than RM60.00 million on goodwill related to the acquisition of an interactive entertainment technology platform and software business. According to the Board, the goodwill write-down reflects a significant decline in VSING’s share price between the signing and completion dates of the transaction, as the consideration was fixed in shares at prevailing market prices.

Management is still finalising the FY2025 results; the figures released are based on unaudited consolidated management accounts and have not been reviewed by the Company’s independent auditors or audit committee. The audited annual results are scheduled for publication on 30 March 2026.

VSING advises shareholders and potential investors to exercise caution when dealing in the Company’s shares.

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