KUALA LUMPUR, Oct. 16, 2026 (GLOBE NEWSWIRE) -- VCI Global Limited $(VCIG)$ ("VCI Global" or the "Company"), today announced its unaudited financial results for the six months ended June 30, 2026 ("1H2026"), as it advances its strategic transition toward AI computing, AI token services and infrastructure-related opportunities.
The first half of 2026 marked a significant transition for VCI Global following the separation and divestment of its capital markets consultancy, fintech and other non-core businesses. The Company is now concentrating its resources and capital allocation on building AI computing capabilities, commercializing AI services and developing infrastructure opportunities across the AI value chain.
At the same time, VCI Global is pursuing complementary opportunities in renewable energy, energy storage and carbon assets as it works toward a broader infrastructure model connecting AI, computing, energy and sustainability.
-- Total equity increased 19.2% to US$114.70 million as of June 30, 2026,
compared with US$96.21 million as compared to December 31, 2025.
-- Total liabilities declined 17.7% to US$17.03 million from US$20.69
million over the same period.
-- Cash and bank balances rose more than fivefold to US$5.19 million from
US$0.94 million, supported by financing activities and the disposal of an
investment.
-- Revenue was US$2.56 million, compared with US$18.74 million in 1H2025,
reflecting the Group's portfolio restructuring and changes in its
operating profile.
-- VGAIN Compute was launched, providing customers with a platform to
purchase AI tokens and access multiple supported large language models,
including OpenAI GPT, Kimi, Meta Llama and Qwen.
-- Acquisition of the controlling stake in PT Fine Carbon Credit Indonesia
(FCCI), an Indonesian carbon asset platform associated with approximately
241,000 hectares of forestry areas across four project sites.
"The first half of 2026 represents an important inflection point for VCI Global as we reposition the Company around AI infrastructure and scalable technology services," said Ang Zhi Feng, Chief Financial Officer of VCI Global. "While revenue declined as a result of the transition, we ended the period with higher total equity, lower liabilities and an increased cash balance. Our priority is to manage liquidity carefully and allocate capital to initiatives with clear commercial potential as we advance our AI services and infrastructure strategy."
REVENUE REFLECTS PORTFOLIO RESTRUCTURING
The first half of 2026 represents a fundamental change in VCI Global's operating profile.
The Company has completed the separation and divestment of its capital markets consultancy, fintech, and other non-core businesses, reducing exposure to businesses that were not aligned with its longer-term technology and infrastructure strategy.
Revenue for 1H2026 was US$2.56 million, compared with US$18.74 million in 1H2025. The decrease primarily reflects businesses that have since been separated or divested, along with the transition to a more focused AI infrastructure and technology operating model.
Six months ended June 30, 2026
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2026 2025 Change
----------- ----------- --------
USD USD %
----------- ----------- --------
Revenue from Business Strategy
Consultancy - 8,086,215 -100%
Revenue from Technology
Development, Solutions and 2,050,000 9,342,691 -78.06%
Consultancy
Interest Income - 1,272,227 -100%
Others 505,411 43,133 1,071.75%
----------- ----------- --------
Total Revenue 2,555,411 18,744,266 -86.37%
----------- ----------- --------
The Company recorded a net loss of US$8.43 million in 1H2026, compared with net profit of US$4.66 million in 1H2025. The change reflects the Company's revised operating profile following portfolio restructuring, together with changes in revenue and expenses. The Company continues to develop its AI and technology initiatives, with future performance dependent on commercial adoption and execution.
Cost of services declined 97.1% to US$104,641 from US$3.66 million in the prior-year period. The reduction primarily reflects the divestment of the business consultancy subsidiary in 2025 and the completion of several large-scale technology projects in the prior period.
Consultant fees were nil, compared with US$251,622 in 1H2025, following the divestment of the business consultancy subsidiary. IT expenses decreased to US$55,767 from US$3.29 million, as new technology projects remained in their initial rollout stages during the period.
These lower expenses reflect the Group's changed business structure and project cycle. They should not, on their own, be interpreted as evidence of improved profitability, as the Company's financial performance will also depend on future revenue generation and the costs associated with scaling its new businesses.
2026 2025 Change
------- --------- ------
USD USD %
------- --------- ------
Consultant Fee - 251,622 -100%
IT Expenses 55,767 3,291,321 -98.31%
Others 48,874 120,114 -59.31%
------- --------- ------
Total 104,641 3,663,057 -97.14%
------- --------- ------
CASH POSITION AND CAPITAL ALLOCATION
As of June 30, 2026, total equity increased 19.2% to US$114.70 million from US$96.21 million at December 31, 2025, while total liabilities declined 17.7% to US$17.03 million from US$20.69 million.
Cash and bank balances increased to US$5.19 million from US$0.94 million at year-end 2025. The increase was supported by financing activities and the disposal of an investment.
The Company intends to prioritize capital deployment based on commercial demand, financing availability and project readiness, with investment priorities spanning AI Infrastructure, GPU computing and related infrastructure.
VGAIN COMPUTE: FROM AI ACCESS TO AI CONSUMPTION
VCI Global announced the launch of VGAIN Compute on October 6, 2026, through its subsidiary V Gallant Limited.
The platform enables users to purchase AI tokens to access supported large language models, including OpenAI GPT, Kimi, Meta Llama and Qwen. Announced applications include content generation, coding, research, business applications and workflow automation.
The platform introduces a customer-facing offering through which VCI Global can pursue revenue from AI services. Its token-based model provides a mechanism for charging users for access to supported AI capabilities.
The broader market opportunity is expanding as businesses move AI from experimentation into production. Gartner forecasts worldwide AI-optimised IaaS spending of US$42.3 billion in 2026, rising to US$66.1 billion in 2027. Gartner also estimates that global spending on AI inference infrastructure will reach US$23.3 billion in 2026, exceeding the US$19 billion forecast for AI model training infrastructure.
The Company's next priorities include expanding platform usage, evaluating additional models and developing enterprise and developer applications.
DEVELOPING AN INTEGRATED POWER--AI--CARBON ECOSYSTEM
VCI Global's longer-term infrastructure strategy extends beyond computing capacity to the resources required to support the expansion of AI infrastructure, including electricity generation, solar power, energy storage and data center operations.
The Company intends to develop an integrated infrastructure model designed to connect energy supply with computing demand, with the objective of improving power availability, supporting scalable AI computing and enhancing long-term operating efficiency.
As AI workloads become increasingly compute-intensive, access to reliable and scalable power is becoming an increasingly important consideration in the development of data center and GPU infrastructure. VCI Global believes that combining computing infrastructure with energy development can provide greater control over critical infrastructure requirements as its AI businesses expand.
LONGER-TERM OPPORTUNITIES IN ENERGY AND FOREST CONSERVATION
VCI Global announced that V Gallant had entered into a definitive agreement to acquire a 70% stake in PT Fine Carbon Credit Indonesia (FCCI), a platform associated with approximately 241,000 hectares of forestry areas across four project sites in Indonesia.
The proposed acquisition provides a potential basis for developing forestry-linked carbon credit projects, subject to transaction completion and applicable technical, legal and regulatory requirements.
The voluntary carbon market offers a potential monetization route for eligible forestry projects, but credit prices vary significantly according to project type, certification standard, carbon integrity, vintage, and buyer demand.
According to Ecosystem Marketplace's 2025 State of the Voluntary Carbon Market report, based on 2024 transactions, the average price was approximately US$14.97 per tonne of CO equivalent for improved forest management credits and US$20.44 for tree-planting and restoration credits. Some premium credits may command prices above US$50, depending on their characteristics and market conditions.
COMMERCIAL PRIORITIES AND INVESTOR MILESTONES
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