154 KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2025 DIRECTORS’ REPORT DIRECTORS’ REPORT The Directors have pleasure in presenting their report together with the audited financial statements of Kenanga Investment Bank Berhad (“the Bank” or “KIBB”) and its subsidiaries (“the Group” or “Kenanga Group”) for the financial year ended 31 December 2025. PRINCIPAL ACTIVITIES The Bank is principally engaged in the investment banking business, provision of stockbroking and related financial services. The principal activities of the subsidiaries and associates are as described in Note 13 and Note 14 to the financial statements, respectively. There were no significant changes to the nature of the principal activities during the financial year, except for in respect of EQ8 Capital Sdn. Bhd., an indirect subsidiary of the Bank, which changed its principal activity from the provision of Shariah‑compliant investment management services to the provision of investment management services. RESULTS Group RM’000 Bank RM’000 Profit before taxation and zakat 73,564 54,852 Taxation and zakat (23,599) (8,228) Profit for the financial year 49,965 46,624 Attributable to: Equity holders of the Bank 49,965 46,624 There were no material transfers to or from reserves or provisions during the financial year other than those that have been disclosed in the statements of profit or loss and other comprehensive income and the statements of changes in equity. In the opinion of the Directors, the results of the operations of the Group and of the Bank during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature. DIVIDENDS During the financial year, an interim single tier dividend of 8.0 sen per ordinary shares on 728,341,799 ordinary shares in respect of the financial year ended 31 December 2024, which amounted to RM58,267,344 was paid on 16 April 2025. Subsequent to the financial year end, on 26 February 2026, the Directors have declared an interim single tier dividend of 5.0 sen per ordinary share in respect of the financial year ended 31 December 2025 which amounted to total dividend payable of approximately RM36,788,130. This is computed based on issued and paid-up capital as at 31 December 2025 of 735,762,599 ordinary shares. The actual amount of dividend to be paid will depend on the number of shares in issue at the date of entitlement. The financial statements for the current financial year do not reflect this dividend. Such dividend will be accounted for in equity as an appropriation of retained profits in the financial year ending 31 December 2026.
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