Zetrix AI Bhd emerged as the most active stock in early trade today after the group posted stronger earnings for the first quarter ended March 31, 2026 (1Q 2026).
At 10 am, the group’s shares rose two sen to 82.5 sen, with 30.41 million shares changing hands.
In a filing with Bursa Malaysia, Zetrix AI’s net profit surged to RM271.33 million in 1Q 2026 from RM181.64 million in the corresponding quarter last year.
The growth was supported by contributions from web3 application service fees on the Zetrix blockchain platform, Digital ID registrations and transactions, and the sale of Zetrix layer-1 nodes.
In a note today, MBSB Investment Bank Bhd said the group’s outlook remained promising following its strong 1Q 2026 performance.
“The contribution from the provision of e-government services serves as a stable revenue base, while the Zetrix AI platform is the group’s key growth driver.
“We anticipate the contribution from the Zetrix AI platform will surpass that of the former once Ztrade takes centre stage,” it added.
The investment bank maintained a ‘buy’ call on Zetrix AI with a target price of RM1.24 per share.
