Axiata Group Berhad‘s fintech arm, Boost, is closing in on its path to profitability, with Group CEO Vivek Sood sharing that 2028 would be the year for Boost Bank to turn profitable.
Boost Bank is a digital bank formed under a joint venture between Axiata’s fintech arm, Boost and RHB Banking Group.
Speaking at Axiata’s FY2025 results media brief, Sood highlighted Boost’s loan book expansion as a key indicator of momentum.
The lending business posted a 32.7% QoQ jump in its loan book to RM310 million, while QoQ revenue climbed 38.1%, driven by stronger non-bank segment performance and higher interest income from the bank segment.
For the full year, Boost’s losses narrowed to RM125.7 million in FY2025, continuing a trajectory the group describes as being on track for ‘value illumination’.
In the company’s recent Analyst & Investor Day 2026 presentation, Axiata also shared that Boost has sufficient funding for growth and profitability.
Boost’s External Investor Search Hits Another Delay
In another comment, Boost Holdings Sdn Bhd’s search for a fresh external investor has hit another delay, with Sood indicating a deal is now likely to close in Q2 2026, pushing past the group’s own end-2025 deadline.
The incoming investor, once onboard, is expected to fund Boost’s next phase of growth.
With an external investor still being sought and a 2028 profitability target for Boost Bank on the clock, the next few quarters will test whether that momentum is enough to close the gap for Boost.
Featured image edited by Fintech News Malaysia based on image by lifeforstock on Freepik
