KENANGA ANNUAL REPORT 2025

243 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 06 / FINANCIAL STATEMENTS 01 02 03 04 05 07 08 09 14. INVESTMENT IN ASSOCIATES (CONT’D.) (b) Summarised financial information of the material associate is as follows (cont’d.): (ii) Summarised statement of profit or loss and other comprehensive income Wasatah Capital 2025 RM’000 2024 RM’000 Revenue 31,477 107,938 Profit before taxation 12,747 62,724 Tax expense (1,044) (3,835) Profit after taxation 11,703 58,889 Other comprehensive (loss)/income (55,582) 21,011 Total comprehensive (loss)/income (43,879) 79,900 (iii) Reconciliation of the summarised financial information presented above to the carrying amount of the Group’s interest in the material associate Wasatah Capital 2025 RM’000 2024 RM’000 Net assets at 1 January 517,772 446,926 Profit before taxation 12,747 62,724 Other comprehensive (loss)/income (55,582) 21,011 Movement of foreign exchange reserve (40,047) (12,889) Net assets at 31 December 434,890 517,772 Interest in Wasatah Capital 29.60% 29.60% Share of net assets at 31 December 128,727 153,261 Dividend received (10,645) (5,626) Accumulated Group’s share of tax expense (11,527) (10,483) Accumulated impairment losses (4,549) (4,549) Carrying value of the Group’s interest in Wasatah 102,006 132,603 Carrying value of other associates 22,372 26,393 Total carrying value of Group’s interest in associates 124,378 158,996 (c) Aggregate information of associates that are not individually material 2025 RM’000 2024 RM’000 The Group’s share of results in associates, inclusive of total comprehensive (loss)/income (819) 337

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