15 ANNUAL REPORT 2026 ENRA GROUP BERHAD Management Discussion and Analysis (Cont’d) Revenue increased from RM23.65 million in FYE 2025, when the division’s revenue was derived mainly from spotchartering contracts performed by the Hexagon Alpha over an eight-month period. The division recorded gross profit of RM25.90 million in FYE 2026, compared with a gross loss of RM12.11 million in the preceding financial year. Consequently, the division recorded profit before tax of RM25.18 million, compared with a loss before tax of RM34.90 million in FYE 2025. Property Development PROPERTY DEVELOPMENT FYE 2025 FYE 2026 Revenue Gross Pro t/(Loss) PBT/(LBT) RM3.08 mil (RM1.39 mil) (RM5.24 mil) RM5.81 mil (RM0.72 mil) (RM1.12 mil) For FYE 2026, the Property Development division recorded revenue of RM3.08 million, compared with RM5.81 million in FYE 2025. The decrease reflected the advanced stage of completion of the Dengkil project. The delivery of vacant possession has been rescheduled to the second quarter of FYE 2027. Consequently, the division recorded a gross loss of RM1.39 million and a loss before tax of RM5.24 million. During the year, the Group established a joint venture for a proposed residential development in Kulai, Johor, and acquired a parcel of land in Jenjarom, Selangor, for a proposed residential development. Both projects remain subject to the relevant planning approvals. The Kulai development is expected to comprise double-storey medium-cost terraced houses, while the Jenjarom development is expected to comprise semi-detached houses. Collectively, the projects are expected to generate an estimated GDV of approximately RM125 million over three years. Development of the Rugby project in the UK has not commenced. Market conditions remain challenging due to elevated interest rates, subdued consumer confidence and higher development costs, which continue to weigh on the residential property market. MRO Services Revenue Gross Pro t/(Loss) PBT/(LBT) MRO SERVICES FYE 2025 FYE 2026 RM1.67 mil (RM1.03 mil) RM0.92 mil RM5.32 mil RM0.26 mil (RM3.22 mil) The MRO Services division recorded revenue of RM5.32 million and gross profit of RM1.67 million in FYE 2026, compared with RM0.92 million and RM0.27 million, respectively, in FYE 2025. The improvement was driven mainly by a vessel-engine overhaul project undertaken in collaboration with a shipyard. As a result, the division’s loss before tax narrowed to RM1.03 million from RM3.22 million in the preceding financial year.
RkJQdWJsaXNoZXIy NDgzMzc=