FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 17 FINANCIAL REVIEW REVENUE The Group’s revenue of RM569.2 million for FY2024 was 14% higher than that achieved in the previous year driven by overall better performance from the Group’s core businesses. REVENUE (by location) 2024 RM’000 % 2023 RM’000 % % change in revenue Taiwan 383,372 67 327,758 65 17 Malaysia 102,456 18 93,133 19 10 Singapore 65,935 12 64,064 13 3 Others 17,442 3 15,194 3 15 Total 569,205 100 500,149 100 14 REVENUE NET PROFIT 500,149 111,951 167,066 188,358 124,339 37.7% 2023 2023 2023 2023 2023 2023 2024 2024 2024 2024 2024 2024 569,205 136,806 198,430 219,907 151,081 38.6% PROFIT BEFORE TAX EBITDA PROFIT AFTER TAX EBITDA MARGIN 14% 22% 19% 17% 22% 0.9% RESULTS OF OPERATIONS in RM’000 Taiwan continued to be the largest contributor, accounting for 67% of the total revenue with a notable 17% growth. Volume in the semiconductor space continued to grow due to higher demand and strong orders from our customers which benefited our Taiwan subsidiary. Meanwhile, the Group’s local business also experienced higher orders from various contracts for its maintenance and repair services of mechanical rotating equipment. In the Philippines, revenue increased by 15% driven by additional projects from power industry.
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