Zetrix AI Proposes Ring-Fencing And Bullet Payments To Clear RTD Arrears

KUALA LUMPUR, Nov 13 (Bernama) -- Zetrix AI Bhd has proposed to ring-fence all future collections and to make multiple bullet payments over a short period of time to resolve the outstanding amounts owed to the Road Transport Department (RTD).

In a filing with Bursa Malaysia today, the company said its proposal is currently being evaluated by the government. 

The structured repayment strategy comes in the wake of the suspension of Zetrix AI group's services as a collection agent for RTD. 

It noted that the group is in the midst of conserving cash to issue bullet payments to resolve the outstanding remittances. 

“These steps may include delaying some of the development projects which are to fuel organic growth in the future as well as withdrawing the 2026 interim dividend payment,” it said. 

Meanwhile, Zetrix AI said the suspension is expected to result in a decrease of approximately 15 per cent in the company’s revenue based on contribution from RTD as of Dec 31, 2025. 

It added that this will directly impact the profits accordingly. 

It said the indirect impact of the suspension for the next two quarters was unable to be determined at this juncture. 

"At the same time, due to the suspension, the company is currently right-sizing its operations by reducing its physical e-service centres," the company said.

-- BERNAMA