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The profit margin is only 2%, and debt has ballooned to $1.8 billion. Why are retailers so hyped about this company? It’s essentially just a repackaging firm for Nvidia and xFusion.
If you exclude other income, NationGate Holdings Berhad would have incurred a net loss of approximately RM 3.75 million for the quarter ended 31 March 2025. So:
The company is not profitable from its core operations alone. Its reported profit is significantly supported by “Other Income” (RM 57.3 million), which is non-operational.
