QuantGold Enables AI to Compute on Sensitive Data without Exposure – Backed by 120+ Encryption Patents and Already Deployed in 100+ Institutions Targeting an approximate US$400 Billion Market, QuantGold Offers Encrypted, Pay-Per-Use AI Compute to Unlock the Sovereign Data Economy for Governments and Enterprises KUALA LUMPUR, Malaysia, June 24, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified global holding company, today announced the official launch ...

Targets 41% Revenue Growth, 30% Profit Growth, and a Q3 2025 IPO of Its Capital Markets SubsidiaryKUALA LUMPUR, Malaysia, June 03, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, today announced its financial guidance for the fiscal year ending December 31, 2025. For 2025, the Company projects approximately 41% yea ...

Core Insights - VCI Global Limited is developing Project QG, a next-generation infrastructure platform aimed at enabling sovereign AI deployment and encrypted data monetization for governments and institutions [1][4] - The global AI market is projected to exceed US$1.8 trillion by 2030, driven by enterprise adoption and the growth of AI-native infrastructure [2] - The cybersecurity and data protection market is expected to reach approximately US$298.5 billion by 2028, indicating a growing demand for secure data solutions [3] Project QG Overview - Project QG integrates AI-driven hardware encryption, zero-trust computing, and blockchain validation, positioning it as a foundational layer for future AI and data sovereignty [2] - The platform is designed for institutions that require sovereign-ready infrastructure to comply with data localization laws while maintaining control over their information [4] - VCI Global is currently engaging institutional stakeholders for early proof-of-concept pilots, with a full launch planned for Q3 2025 [5] Strategic Importance - The initiative addresses the underutilization of institutional and national datasets due to regulatory risks and privacy concerns, aiming to unlock value from sensitive data without compromising its integrity [6] - The convergence of AI, cybersecurity, and sovereign data economics places VCI Global at the forefront of this emerging market [4] - The company emphasizes the importance of monetizing proprietary data and software assets as a new revenue stream for enterprises [3]

Amended Terms with Alumni Capital Reinforce Disciplined Capital Deployment and Long-Term Growth PrioritiesKUALA LUMPUR, Malaysia, May 22, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, today announced a significant amendment to its equity line agreement with Alumni Capital LP (“Alumni Capital”). The revised terms underscore VCI Gl ...

License from KPKT Empowers Credilab to Deliver AI-Powered Microloans and SME Financing Nationwide – Paperless, Instant, and BranchlessKUALA LUMPUR, Malaysia, May 15, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”) today announced that its fintech subsidiary, Credilab Sdn Bhd (“Credilab” or the “Company”) has secured a conditional approval for a digital moneylending license from Malaysia’s Ministry of Local Government Development (“KPKT”). This regulatory green light marks a signifi ...

Foreign Currency Risk - The Group's exposure to foreign currency risk includes RM7,123,179 in assets and RM1,416,836 in liabilities denominated in United States Dollars for 2023 [390]. - A 5% increase in the United States Dollar would result in a sensitivity impact of RM285,317 for 2023 and RM2,277,676 for 2024 [392]. Interest Rate Risk - The Group's profit would decrease by approximately RM4,947 if interest rates on loans increased by 50 basis points, with a profit impact of RM10,820 for 2023 and RM5,983 for 2022 [395]. Liquidity and Financial Liabilities - The Group's liquidity analysis shows total non-derivative financial liabilities of RM23,015,530 for 2024, with RM22,730,351 due on demand or within 1 year [406]. - The Group's non-interest bearing liabilities amounted to RM21,914,992 for 2024, compared to RM20,684,288 for 2023 [406]. - The Group's fixed interest rate liabilities for 2024 are projected to be RM885,179, with a weighted average effective interest rate of 3.5-5% [406]. Credit Risk Management - The Group's maximum exposure to credit risk is based on the carrying amount of recognized financial assets, with a focus on maintaining a credit risk grading framework [396][398]. - The Group's credit risk grading framework categorizes exposures into performing, doubtful, in default, and write-off categories to manage credit risk effectively [398]. Cash and Working Capital - The Group has sufficient cash and cash equivalents to finance its activities, ensuring it can meet working capital requirements for at least the next 12 months [402][404]. - The Group's financial assets and liabilities are considered to approximate their fair values due to short-term maturities [408].

Accelerating the Buildout of a High-Growth Cross-Sector Platform in Technology and Financial ServicesKUALA LUMPUR, Malaysia, May 13, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy, is proud to announce its audited financial results for the financial year ended December 31, 2024 (the “Financial Results”). VCI Global ...

VCI Global (VCIG) Q4 2024 Earnings Call May 13, 2025 08:00 AM ET Company Participants Dato' Victor Hoo - Chairman & CEOAng Zhi Feng - CFO Operator Morning, everyone, and welcome to VCI Global Fiscal Year twenty twenty four Earnings Conference Call. Joining me today to discuss our results are Victor Hu, our Group Executive Chairman and CEO and Zifeng Ang, our CFO. Before we begin, I would like to take this opportunity to remind you that our remarks today may contain forward looking statements, which are subj ...

VCI Global (VCIG) Q4 2024 Earnings Call May 13, 2025 08:00 AM ET Speaker0 Morning, everyone, and welcome to VCI Global Fiscal Year twenty twenty four Earnings Conference Call. Joining me today to discuss our results are Victor Hu, our Group Executive Chairman and CEO and Zifeng Ang, our CFO. Before we begin, I would like to take this opportunity to remind you that our remarks today may contain forward looking statements, which are subject to future events and uncertainties. Statements that are not historica ...

US$1 Million Funding to Accelerate Credilab’s Push Toward Unicorn Status and Regional Market LeadershipKUALA LUMPUR, Malaysia, April 30, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that its fintech subsidiary, Credilab Sdn Bhd (“Credilab”), a fast-scaling digital lending platform, has secured a strategic investment worth US$1 million from Triple Helix Capital Ltd (“Triple Helix”), a leading Dubai-based private investment fund. Credilab is focuse ...