27 ENRA GROUP BERHAD ANNUAL REPORT 2025 Sustainability Report (Cont’d) OVERVIEW OF ENRA ENRA, a publicly listed company on the Main Market of Bursa Malaysia (Stock Code: 8613), is a prominent investment holding entity with diversified business operations across the Energy Logistics, Property Development, and MRO Services sectors. Established in 1992 and rebranded to its current name and business in 2015, ENRA has grown over the years into a diversified group of companies through its various subsidiaries and joint ventures. With its headquarters in Kuala Lumpur, the Group aims to be a trusted partner in its areas of expertise while driving progress and creating value across its operations. OVERVIEW OF KEY BUSINESS DIVISIONS • ENERGY LOGISTICS DIVISION Our Energy Logistics division offers a range of services that includes designing, fabrication & construction, installation, leasing, removal & re-instatement, and refurbishment of single point mooring and floating storage systems. This division operates under the Hexagon branding, and currently owns and operates a chemical tanker vessel – Hexagon Alpha, and a catenary anchor leg mooring (“CALM”) buoy. • PROPERTY DEVELOPMENT DIVISION Our Property Development division comprises joint venture property development activities with projects in Malaysia and the United Kingdom. Under the Q Homes branding, it seeks to address the undersupply of quality affordable housing in Malaysia’s residential market. We had completed the delivery of vacant possession to buyers for its maiden project in Telok Panglima Garang and are now focusing on the progress of its second project in Taman Vista Impian, Dengkil. In addition, we have a boutique development arm that develops niche real estate projects in the UK. Our project in Rugby, UK has yet to begin development as we are continually assessing market conditions to determine the appropriate time and approach. • MAINTENANCE, REPAIR AND OVERHAUL SERVICES DIVISION Our MRO Services division seeks to position itself as a comprehensive specialist for diesel power generation and propulsion equipment across multiple brands and models. It actively and primarily engages with the oil & gas, marine, agriculture, industrial and other relevant and applicable industries. ENRA’S JOURNEY Since its rebranding in FY2015 from Perduren Berhad to ENRA Group Berhad, the Group has undergone a strategic transformation under new leadership, divesting its legacy property assets and pivoting toward energy-related ventures. Key milestones included the acquisition of a 60-acre site in Labuan, the launch of its first overseas property project in London, and the establishment of its chemicals trading arm, ENRA Kimia, which became profitable before being successfully divested in FY2022. Additionally, ENRA secured an FSO contract, which led to the acquisition of its first vessel, Ratu ENRA, marking its entry into the energy logistics business. Throughout this period, the Group continued to rationalise non-core assets while expanding its property development portfolio, including affordable housing projects. From FY2020 onwards, amidst the global pandemic, ENRA demonstrated resilience in the face of market challenges, supported by consistent revenue from its energy services and strategic cost management. The Group completed key property projects, launched its MRO operations, and continued to expand its energy logistics capacity. In FY2024, the conversion of Ratu ENRA from an FSO tanker into a chemical tanker—subsequently renamed Hexagon Alpha—opened new chartering opportunities. Meanwhile, in the property development division, the Taman Vista Impian project progressed toward completion. As ENRA continues to build on its diversified platform across energy logistics, property, and MRO, it remains focused on operational efficiency and sustainable long-term growth.
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