12th May 2026 - 3 min read
TNG Digital Sdn Bhd, the company behind Touch ‘n Go eWallet, posted its first full-year profit in 2025, seven years after the wallet launched in March 2018. The company recorded a profit after tax of RM103.23 million for the financial year ended 31 December 2025, reversing an after-tax loss of RM42.48 million the year before.
Revenue for the year reached RM707.28 million, up 72% from RM411.92 million in the previous year, according to filings with the Companies Commission of Malaysia (SSM).
For the first time since the eWallet launched, half of TNG Digital’s revenue came from services outside of payments. These include financial services such as wealth management and insurance, as well as business-to-business (B2B) offerings.
Payment services have historically been a high-volume but low-margin business. Processing everyday transactions generates revenue across millions of customers but leaves little room per transaction. Non-payment services carry better margins, which is why the shift in revenue mix mattered as much as the overall growth in numbers.
“Last year was the first time that we were profitable for the full year,” TNG Digital chief executive officer Alan Ni said in an interview with The Edge.
TNG Digital has 26 million verified customers, making it the largest e-wallet operator in Malaysia by user base, according to Ni. That size is what made it possible to expand beyond payments, since it is easier to offer financial products alongside everyday transactions when most of the country is already on the app.
TNG Digital is working towards a listing on Bursa Malaysia. If it proceeds, the company could become the first fintech unicorn to debut on the bourse. A listed company faces greater reporting obligations and shareholder scrutiny, which would bring a level of financial visibility to TNG Digital that its current SSM filings alone do not provide.
If you use Touch ‘n Go eWallet, the company’s return to profitability does not change much about your day-to-day experience. Toll transactions, QR payments, and everyday purchases continue as before.
Wealth management and insurance products drove the revenue growth that made profitability possible, and the company is likely to build further in those areas. If you are already on the app primarily for spending, you will probably see more financial products offered over time as this side of the business develops.
Once TNG Digital is publicly listed, its quarterly results and financial disclosures will be available in ways that SSM filings alone do not cover, making it easier to see whether the shift towards non-payment services continues to hold up as competition in digital payments and embedded finance stays intense.
The 2025 results mark the end of years of losses for one of Malaysia’s most widely used financial apps. Whether the profitability holds depends partly on how well TNG Digital can retain customers for its higher-margin products, not just the everyday payments that brought most people to the app in the first place.
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Christina writes about personal finance with an eye for making the complicated feel straightforward. She is drawn to the everyday money decisions people face and genuinely enjoys finding the clearest way to explain them. Between articles, she is probably napping, on a hiking trail, or terrorising her sister’s cats.
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