ENERGY ⊲ Contributed revenue of RM20.7 million and PATNCI of RM0.9 million. ⊲ Secured multiple new contracts including: • RM10 million award from EnQuest Petroleum; • Tubular Handling Services contract from Hibiscus Oil & Gas (April 2025). ⊲ P rogressed strongly on solar photovoltaic ("PV") projects for Indah Water Konsortium ("IWK"), with 109 out of 110 sites in the Northern Region completed, while Central and Southern/Eastern Region projects remain on track for completion between end of 2025 and 2026. ⊲ A side from solar projects, Destini continues to explore renewable energy opportunities in hydropower and LNG, aligning with Malaysia’s transition towards a greener energy landscape and demonstrating our commitment to diversifying our energy portfolio. MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) Diversifying for a Sustainable Future PERFORMANCE DESTINI BERHAD ANNUAL REPORT 2025 36
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