PERFORMANCE MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) 1. Overview of the Business and Financial Performance FY2025 marked a significant milestone in Destini Berhad’s turnaround journey, underscoring the Group’s resilience, diversified portfolio, and readiness for sustainable growth. The Group achieved revenue of RM341.8 million, more than double the RM159.3 million recorded in FY2024. More notably, Profit After Tax and Non-Controlling Interest (PATNCI) reached RM26.2 million, a remarkable turnaround from a loss of RM136.8 million in the preceding 18-month period. This resurgence was driven by: • Higher revenue recognition from Mobility contracts, • Stable contributions from the Aviation & Defence and Energy segments, • Improved margins from Marine operations, and • Reduced impairment and financing costs following the Group’s restructuring initiatives. The Group’s net assets per share improved to RM0.25 as at 30 June 2025, compared to RM0.24 in FY2024. This improvement reflects Destini’s strengthened financial footing, further bolstered by a private placement exercise in May 2025, which raised RM17.4 million to support working capital and project execution. This turnaround reaffirms Destini’s transformation into a Resilient, Unified, and Focused organisation, one that has emerged stronger with a disciplined structure and a clear growth path ahead. DESTINI BERHAD ANNUAL REPORT 2025 33
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