Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 78

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 5
Chunk 78
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Item 5. OPERATING AND FINANCIAL REVIEW AND
PROSPECTS

The following discussion of our financial condition
and results of operations is based upon and should be read in conjunction with our consolidated financial statements and their related
notes included in this annual report. This annual report contains forward-looking statements. In evaluating our business, you should carefully
consider the information provided under the caption “ Item 3. Key Information - D. Risk Factors” in this annual report.
We caution you that our business and financial performance are subject to substantial risks and uncertainties.

A. Operating Results

Comparison of Results of Operations for
the Fiscal Years Ended December 31, 2024 and 2023

The following table summarizes our results of
operations for the fiscal years ended December 31, 2024 and 2023, respectively, and provides information regarding the MYR and percentage
increase or (decrease) during such periods.

 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                        124,388,391      27,824,891      100.00       89,581,700       98.66      34,806,691        38.85  
  Revenue – related party                                  -               -           -        1,216,444        1.34      (1,216,444      (100.00  
  Total revenue                                  124,388,391      27,824,891      100.00       90,798,144      100.00      33,590,247        36.99  
  Other income                                     1,080,007         241,591        0.87          752,251        0.83         327,756        43.57  
  Cost of services                               (22,120,403      (4,948,193       17.78      (15,384,017       16.94      (6,736,386        43.79  
  Depreciation                                    (1,064,216        (238,058        0.86         (742,945        0.82        (321,271        43.24  
  Amortisation                                      (929,796        (207,989        0.75                -           -        (929,796       100.00  
  Employee benefits expenses