32 SECTION 04 : CORPORATE GOVERNANCE Our Approach During FYE 2026, the Group remained focused on strengthening its operational and financial performance while maintaining business stability following the challenges experienced in recent financial years. As the Energy Logistics division continues to be the Group’s primary revenue contributor, management prioritised the utilisation of Hexagon Alpha while pursuing new business opportunities across offshore and marine-related activities to strengthen revenue visibility and support long-term growth. Within the Property Development division, the Group continued progressing its affordable housing development in Taman Vista Impian, Dengkil, while selectively pursuing new development opportunities, including a premium residential development in Jenjarom. The project is progressing according to plan and is expected to contribute positively to the Group’s financial performance in FYE 2027. During the year, the Group also commenced a joint venture development for medium-cost terrace houses in Skudai, Johor. The MRO Services division continued to strengthen its market presence through the signing of a Memorandum of Understanding (“MoU”) with Boustead Holdings Berhad (“BHB”) to explore opportunities relating to maintenance, repair and overhaul services for naval propulsion and power generation systems. In addition, ENRA Energy Solutions Sdn. Bhd. (“EESSB”) has entered into a Technical Collaboration Agreement (“TCA”) with Fincantieri S.p.A, a joint stock company incorporated in Italy. These developments enhance the division’s presence within the maritime industry including the defence support ecosystem and position the Group for sustainable long-term growth. In parallel, the Group maintained a disciplined focus on cost management, liquidity oversight, financing requirements, technical capability enhancement and project execution. Strategic collaboration opportunities within the maritime and defence-related sectors also continued to be evaluated to support future growth. Management continues to closely monitor vessel utilisation, project execution and market developments, particularly within the Energy Logistics division, as these remain key drivers of the Group’s financial performance and long-term sustainability. Our Performance In FYE 2026, ENRA recorded higher revenue and returned to profitability, marking a significant improvement in financial performance. This was driven by stronger contributions from the Group’s core business divisions, improved project execution and disciplined cost management. The Group further strengthened its business outlook through the successful securing of two major contracts, enhancing revenue visibility and supporting a more diversified earnings profile. Collectively, these developments strengthened the Group’s financial resilience and positioned it to support its long-term growth ambitions. The table below summarises the economic value generated and distributed by the Group across key stakeholder groups over the past three financial years. Direct Economic Value Created Revenue (RM’000) 133,065 FYE 2025: 30,379 FYE 2024: 31,057 Total Asset (RM’000) 177,648 FYE 2025: 138,576 FYE 2024: 151,928 Shareholder Equity (RM’000) 65,401 FYE 2025: 47,998 FYE 2024: 75,502 Earnings Per Share (sen) 7.34 FYE 2025: (27.27) FYE 2024: (11.02) Net Asset Per Share (RM) 0.39 FYE 2025: 0.30 FYE 2024: 0.56 PATAMI (RM’000) 12,151 FYE 2025: (43,194) FYE 2024: (14,877) Sustainability Statement (Cont’d)
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