VCI Global Ltd (VCIG) Form 6-K — Oct 16, 2026
VCI Global's H1 FY2026 revenue plunged 86.4% to US$2.6 million from US$18.7 million a year earlier, with the company posting an US$8.4 million net loss versus a US$4.7 million profit in the prior-year period. Management attributes the collapse to strategic divestitures of its business consultancy and fintech subsidiaries as it pivots toward proprietary AI development. The company's US$7.3 million in other income — driven mainly by a US$5.2 million gain on disposal of an investment — masked an even weaker operating picture, while operating cash burn hit US$17.5 million for the half.
Key figures
- Revenue
- 2555411
- Total Debt
- Convertible note liabilities US$5.48M plus warrant liabilities US$4.22M as of June 30, 2026
- Revenue Yoy
- -86.37%
- Total Assets
- 131733094
- Cash Position
- 5185248
- Finance cost
- 1083907
- Other income
- 7301666
- Reverse splits
- 1:49 (Nov 2024), 1:20 (Apr 2025), 1:30 (Sep 2025), 1:60 (Feb 2026), 1:15 (Aug 2026)
- Trade receivables
- 36597297
- Share issuance proceeds
- 20990936
- Esousa financing received
- 6870000
- Gain on disposal of investment
- 5200000
- Amount due from related parties
- 65967532
AI analysis
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