13 ANNUAL REPORT 2026 ENRA GROUP BERHAD MANAGEMENT DISCUSSION AND ANALYSIS ENRA Group Berhad recorded a marked improvement in its financial performance for the financial year ended 31 March 2026 (“FYE 2026”), driven principally by stronger contributions from the Energy Logistics division. FINANCIAL SNAPSHOT FOR THE YEAR UNDER REVIEW FYE 2025 RM mil Change % FYE 2026 RM mil Remarks Revenue 30.38 438.02 133.07 Energy Logistics 23.65 527.37 124.67 Commenced contracts with SIP JDA Sdn Bhd (“SIP”) and PETRONAS Carigali Sdn Bhd (“Carigali”). Property Development 5.81 (46.99) 3.08 MRO Services 0.92 572.04 5.32 Gross (Loss)/Profit (12.56) n.m. 26.18 Energy Logistics (12.11) n.m. 25.90 Property Development (0.72) n.m. (1.39) MRO Services 0.27 642.31 1.67 PATAMI/(LATAMI) (43.19) n.m. 12.15 ROE1 (89.99%) n.m. 18.58% ROA2 (31.17%) n.m. 6.84% 1 PATAMI/(LATAMI) ÷ Net Assets Attributable to Equity Holders of the Company 2 PATAMI/(LATAMI) ÷ Total Assets KEY HIGHLIGHTS FOR THE YEAR i. The Energy Logistics division secured two contracts during FYE 2026, which contributed substantially to the improvement in the Group’s financial performance: a. a one-year contract with SIP JDA Sdn Bhd (SIP) to provide a storage tanker solution in support of Carigali-PTTEPI’s operations in the Malaysia-Thailand Joint Development Area (“MTJDA”); and b. a contract with PETRONAS Carigali Sdn Bhd (Carigali) to provide engineering, procurement, construction, removal, installation and commissioning services for a Catenary Anchor Leg Mooring (CALM) buoy system at the Terengganu Crude Oil Terminal (“TCOT”). ii. The Property Development division continued work on its existing development while expanding its project pipeline: a. the ongoing Malay Reserve land development at Taman Vista Impian, Dengkil, which is expected to be completed in the next financial year; b. a joint venture with Entire Role Sdn Bhd to develop double-storey medium-cost terraced houses in Kulai, Johor; and c. the acquisition of a parcel of land in Jenjarom, Selangor, for a proposed semi-detached residential development. iii. The MRO Services division continued to collaborate with various shipyards in servicing incoming vessels and commenced a material vessel-engine overhaul project during the year. ‟ „
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