{"url":"https://newsforagent.com/news/2026-11-13/zetrix-ai-rtd-suspension-revenue-decline","markdown_url":"https://newsforagent.com/news/2026-11-13/zetrix-ai-rtd-suspension-revenue-decline.md","title":"Zetrix AI Sees 15% Revenue Hit From RTD Suspension","headline":"Zetrix AI Expects 15% Revenue Decline After Road Transport Department Suspension","description":"Zetrix AI expects a 15% revenue decline after losing its Road Transport Department collection role, with the 2026 interim dividend withdrawn to conserve cash.","section":"Earnings & Results","published_at":"2026-11-13T11:54:26+00:00","modified_at":"2026-11-13T11:54:26+00:00","author":"News Desk","key_takeaways":["Zetrix AI expects its suspension as a Road Transport Department collection agent to cut revenue by about 15%.","The company is withdrawing its 2026 interim dividend and reducing physical e-service centers to conserve cash.","A proposal to ring-fence future collections and settle arrears through multiple bullet payments is under government evaluation.","A separate RM 25 million Sukuk Wakalah repayment remains unpaid, and the company cannot currently repay the entire RM 2 billion outstanding."],"companies":[{"name":"Zetrix","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0009ojm/zetrix","website":"https://www.myeg.com.my"}],"source":{"publisher":"The future of trading","title":"Zetrix AI Expects 15% Revenue Decline From RTD Collection Services Suspension","url":"https://capital.com/en-int/news/zetrix-ai-expects-15-revenue-decline-from-rtd-collection-services"},"other_sources":[],"tags":["Earnings & Results","Zetrix"],"body_markdown":"[Zetrix](https://akta.pro/company-profiles/0009ojm/zetrix) AI expects its suspension as a Road Transport Department collection agent to reduce revenue by approximately 15%, the company said, with a direct effect on profits. The future of trading [reported](https://capital.com/en-int/news/zetrix-ai-expects-15-revenue-decline-from-rtd-collection-services) the disclosure on November 13, 2026.\n\n## Zetrix AI Resizes Operations After RTD Suspension\n\nZetrix AI is reducing its physical e-service centers as it resizes operations following the suspension. Cash conservation measures include withdrawing the 2026 interim dividend, and some development projects may also be delayed.\n\nA proposal to ring-fence future collections and settle arrears through multiple bullet payments remains under government evaluation. A separate RM 25 million Sukuk Wakalah repayment remains unpaid, and the company cannot currently repay the entire RM 2 billion outstanding.\n\nZetrix is a Malaysian government-concessionaire listed on Bursa Malaysia, according to [company records](https://akta.pro/company-data) on akta.pro. The company was founded in 2000, is headquartered in Petaling Jaya, and has an estimated revenue of $50 million-$100 million.\n\n## Zetrix's Funding and Partnership Record\n\nThe same records show Zetrix secured a RM155.6 million (USD40 million) equity investment from the International Finance Corporation, the private-sector arm of the World Bank Group, in February 2026 to scale blockchain-based digital public infrastructure applications and AI-enabled products. In May 2026 the company signed a memorandum of understanding with Shenzhen Data Exchange Co. Ltd. to jointly establish a cross-border data trading platform for two-way circulation of data assets between ASEAN and China.\n\nZetrix also deepened its integration with Malaysia's MyDigital ID national digital identity system and the Malaysia Blockchain Infrastructure in February 2026 to deploy digital public infrastructure applications on state-operated rails.\n\n## How Zetrix's RTD Arrears Built Up\n\nOn October 3, 2026, NST Online reported that Zetrix, formerly MyEG, owed the Road Transport Department over RM200 million in unremitted collections from its three-year contract, with arrears accumulating since May 2023. On October 11, 2026, Malaysia Latest News reported that Zetrix failed to remit RM314 million in collected funds to the department, triggering a service suspension.\n\nOn November 4, 2026, Channel NewsAsia reported that Zetrix faces a financial crisis after its founder's shareholding fell below 2%, triggering a breach in its RM 2 billion sukuk programme, and that the company owes the Road Transport Department over RM314 million in unpaid collections.\n\n## Bursa Malaysia's November 23 Dividend Deadline\n\nOn November 6, 2026, The Edge Malaysia reported that Bursa Securities directed Zetrix AI to pay its delayed FY2025 final dividend by November 23 and to disclose material information on its financial condition.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}