KENANGA ANNUAL REPORT 2025

KENANGA INVESTMENT BANK BERHAD 24 INTEGRATED ANNUAL REPORT 2025 OUR STRATEGY Advancing Purpose Through Disciplined, Future‑Ready Growth The Group’s strategy is grounded in a clear purpose: to lead in our core businesses while future‑proofing our franchise through digitalisation, sustainability and long-term value creation. This purpose has shaped the way we navigated a year marked by market volatility, cautious sentiment and structural shifts in client behaviour. Throughout 2025, our strategic direction remained consistent with the stewardship principles set out by the Chairman and the disciplined execution emphasised by the Group Managing Director. Rather than reacting to short-term fluctuations, the Group focused on strengthening the foundations that support sustainable performance: operational resilience, responsible growth, customer-centricity and technology‑driven innovation capability. This integrated approach allowed us to sustain momentum across our key businesses even as market activity softened. While overall market participation declined industry-wide, the Group continued to maintain a stable presence among retail investors, supported by ongoing improvements in client experience and product accessibility. Our digital ecosystem continued to deepen, reflecting continued progress in strengthening the platforms and capabilities that will support future scale and competitiveness. These outcomes reflect a strategy that is built not merely on tactical responses, but on long-term positioning—one that anticipates the evolution of Malaysia’s capital markets and the needs of future investors. They also demonstrate the effectiveness of investing in capabilities that enhance scale, operating efficiency and client relevance—elements that are increasingly important in driving long-term value creation for shareholders. A defining feature of the year was the progress made in scaling digital and technology-enabled capabilities. Investments in platform modernisation, data infrastructure, AI adoption and cloud migration created the groundwork for a more seamless and accessible client experience. Initiatives such as Myrra and KDX marked important steps in shaping an integrated digital asset ecosystem, expanding the Group’s role in financial innovation while reinforcing governance, security and regulatory alignment. These initiatives provide optionality for future growth, enabling the Group to participate in emerging markets and new asset classes as they evolve, while maintaining prudence in investment and risk oversight. At the same time, we continued embedding sustainability and risk considerations into strategic decision-making. This included advancing the Sustainability Risk Management Framework, operationalising the decarbonisation roadmap and preparing for alignment with the National Sustainability Reporting Framework. These measures strengthen the Group’s resilience and reflect the increasing convergence of sustainability, risk oversight and long-term competitiveness. For investors, this integration of sustainability and risk ensures that strategic decisions are evaluated through a long-term lens, helping to safeguard value as regulatory expectations and stakeholder priorities continue to evolve. Our focus on people and culture remained equally central to strategy execution. Leadership development, capability building and employee engagement initiatives supported organisational agility and ensured that the Group is equipped to adapt to emerging trends. This reinforces a culture aligned with our brand values—agility, collaboration, trustworthiness and future-facing thinking—enabling teams to innovate, respond and deliver with consistency. The year also saw progress in building strategic partnerships that broadened our reach and strengthened our capabilities. These collaborations—particularly in areas such as digital innovation—expanded the Group’s technological and market capabilities. In parallel, ongoing initiatives to improve client access and engagement, including enhancements across our digital platforms, contributed to a more seamless and connected client experience. Together, these efforts reinforce our ability to serve a wider spectrum of clients across different market conditions, while strengthening our competitive positioning in a rapidly evolving landscape. Looking ahead, our strategic direction remains focused on creating an integrated, future-ready financial ecosystem. With a strong capital position, disciplined governance and clear long-term priorities, the Group is well‑positioned to pursue opportunities that align with our strategic objectives and support the ongoing development of the organisation. As outlined in the leadership statements, we will continue investing in capabilities that elevate our value proposition, enhance resilience and contribute to long‑term, shareholder‑aligned performance. Our disciplined approach to capital allocation will remain central, ensuring that investments are aligned with strategic priorities, scalability potential and long‑term shareholder interests. Our strategy is not static, it is a continuously evolving blueprint shaped by purpose, informed by risk, enabled by technologydriven innovation and grounded in responsible stewardship. By sustaining this integrated approach, the Group remains committed to delivering meaningful outcomes for clients, communities and shareholders today—while building the capabilities needed to lead in the financial landscape of tomorrow. This balance of prudence and future-readiness underpins our long-term value creation approach, positioning the Group to navigate uncertainty with resilience while capturing opportunities as markets evolve.

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