This also comes on the back of the group divesting its corporate services business for $10.7 million, which resulted in a one-off gain of $6.8 million. This has helped strengthen the group’s balance sheet, bringing its cash and cash equivalents to $8.8 million post-completion of the transaction, up from $2.8 million as at Dec 31, 2025.
Zico Holdings, on March 24, announced that it has completed a strategic review, and the integrated advisory and professional services group is now focused on continuing its profit trajectory.
The board has outlined five major strategies to address fresh challenges and opportunities, including pursuing growth opportunities for regulated market activities with a focus on Singapore and Malaysia; growing its asset management arm — Zico Asset Management (ZAM); expanding its asset light consulting and sourcing business, as well as Shariah-related services; harnessing AI to improve internal efficiencies; and raising the group’s investor profile, forge strategic alliances and improve its trading liquidity.
