15 ENRA GROUP BERHAD ANNUAL REPORT 2025 Management Discussion and Analysis (Cont’d) PROPERTY DEVELOPMENT PROPERTY DEVELOPMENT FYE 2024 FYE 2025 Revenue Gross Pro t/(Loss) PBT/(LBT) RM5.81 mil (RM0.72 mil) (RM3.81 mil) RM4.58 mil (RM0.57 mil) (RM3.36 mil) For FYE 2025, the Property Development division recorded revenue of RM5.81 million compared to RM4.58 million in FYE 2024. Despite the improvement in revenue, the division reported a gross loss of RM0.72 million, primarily due to increased marketing costs to increase saleability of its Dengkil project. Sales performance at Taman Vista Impian, Dengkil was a key highlight for the year, achieving a 94% take-up rate and 88% construction progress by year-end. Vacant possession is targeted for delivery in October 2025, with full project completion expected in FYE 2026. The Rugby, UK project has yet to commence development, as the market remains challenged by high interest rates, subdued consumer confidence and increasing costs, resulting in a softer residential segment. MRO SERVICES Revenue Gross Pro t/(Loss) PBT/(LBT) MRO SERVICES FYE 2024 FYE 2025 (RM0.26 mil) (RM2.57mil) RM1.04 mil RM0.93 mil RM0.18 mil (RM1.68 mil) Revenue and gross profit for the MRO Services division remained relatively stable, supported by ongoing work under its newly formed partnership with a shipyard. During the year, the division successfully completed engine overhauls and propulsion systems machining for three vessels. While top-line performance was consistent, expenses increased as the division continued to invest in talent and capabilities to expand its service offerings and pursue a broader client base across the marine and industrial sectors.
RkJQdWJsaXNoZXIy