14 SECTION 03 : LEADERSHIP Management Discussion and Analysis (Cont’d) FINANCIAL PERFORMANCE For the financial year ended 2025, ENRA recorded total revenue of RM30.38 million, maintaining consistency with the previous year’s revenue of RM31.06 million. The Energy Logistics division continued to be the Group’s primary revenue contributor. However, the Group recognised impairments amounting to RM1.20 million for the Rugby land asset and RM18.69 million (USD4.15 million) for the vessel. In addition, finance costs increased to RM5.38 million compared to RM3.53 million in the previous year. As a result, the Group reported a Loss After Tax and Minority Interests (LATAMI) of RM43.15 million for the year. ENERGY LOGISTICS FYE 2024 FYE 2025 Revenue Gross Pro t/(Loss) PBT/(LBT) ENERGY LOGISTICS RM25.43 mil RM23.64 mil (RM12.11 mil) (RM30.92 mil) RM0.54 mil (RM3.01 mil) The Energy Logistics division focuses on the provision of storage and transportation solutions, including FSOs/ tankers, shipping services, and Single Point Mooring (SPM) systems. For FYE 2025, the division generated RM23.64 million in revenue, primarily from various spot chartering contracts over 8 months commencing from August, following the completion of Hexagon Alpha’s scheduled dry dock and special survey. This compares to RM25.43 million in revenue recorded in FYE 2024 from the completion of our FSO contract in Myanmar which was also from approximately 8 months of continued operations. The division reported a gross loss of RM12.11 million in FYE 2025, a decline from the RM0.54 million gross profit achieved in the previous year. The gross loss was largely attributed to extended vessel idle time during the dry dock and special survey period, which continued to incur running costs without corresponding charter income. FYE 2024 FYE 2025 RM31.06 mil RM30.38 mil REVENUE FYE 2024 FYE 2025 (RM14.79 mil) (RM43.19 mil) PATAMI/ (LATAMI)
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