PERFORMANCE Seeing these challenges up close, it became clear that the Group needed decisive leadership and a unified direction. With that conviction, I accepted the responsibility of stepping forward as Executive Chairman in December 2024 to accelerate Destini’s transformation journey. My decision was driven by the belief that, despite the turbulence, Destini possessed the strength, potential, and talent necessary to recover and thrive provided we remained focused, disciplined, and united in purpose. Since then, through steadfast commitment, strategic execution, and teamwork across all levels, we have stabilised the organisation, strengthened governance, and rebuilt financial resilience. These concerted efforts have not only restored confidence among our stakeholders but also placed Destini on a stronger footing to pursue sustainable and profitable growth. Today, I am proud to say that Destini stands Resilient, Unified and Focused, charting a clearer path forward built on renewed financial strength, improved governance, and strategic clarity. Resilient Performance Amid Global Challenges The global business environment remained volatile throughout the year, shaped by persistent inflationary pressures, geopolitical uncertainties, and uneven recoveries across major economies. Domestically, Malaysia’s GDP growth moderated as external demand softened, although the Government’s initiatives under the Madani Economic Framework helped stabilise investor confidence. Amid these headwinds, Destini demonstrated resilience. The Group’s rationalisation and turnaround initiatives began to bear fruit, resulting in a significant recovery in financial performance. For FY2025, the Group achieved a Profit After Tax and Non-Controlling Interest (PATNCI) of RM26.2 million, marking a decisive turnaround from the previous financial periods’ losses. This rebound was driven by decisive actions in fundraising, effective project management, cost optimisation, restructuring of underperforming businesses, and strengthening of our core divisions reaffirming Destini’s capability to adapt and thrive even in demanding conditions. Unified Direction, Strengthened Foundation Our transformation journey this year centred on five strategic thrusts that reinforce the Group’s diversified foundation and future direction: 1. Organisational Optimisation – Streamlining operations and consolidating functions to improve efficiency and focus on profitable segments; 2. Stakeholder Engagement – Strengthening trust and collaboration with government ministries, customers, financial institutions, shareholders, and employees; 3. Financial Restructuring – Through disciplined capital management and prudent cost control, the Group has restored financial stability and achieved a positive bottom line; 4. Digital Transformation – The successful implementation of the Oracle NetSuite ERP has enhanced transparency, efficiency, and data-driven decision-making across all business units; and 5. Sustainable Growth Pipeline – With a robust order book supported by long-term contracts in Mobility and Aviation & Defence, and steady contributions from Energy and Marine, Destini’s diversified portfolio provides the stability and strength to sustain profitability into FY2026. This strategic diversification continues to underpin our resilience and positions the Group for sustainable value creation. Focused on Sustainability and Governance Our focus on sustainability and governance remains a key driver of long-term growth. During the year, we expanded our renewable energy initiatives, including the installation of solar photovoltaic systems, which have contributed to reducing our carbon footprint and strengthening our ESG credentials. We also reinforced our corporate governance framework by updating policies, internal controls, and Board oversight mechanisms to ensure transparency, accountability, and integrity. These measures align with the principles of the Malaysian Code on Corporate Governance (MCCG 2021) and strengthen the confidence of our stakeholders. DESTINI BERHAD ANNUAL REPORT 2025 31
RkJQdWJsaXNoZXIy NDgzMzc=