135 ANNUAL REPORT 2024 The Group The Company 2024 2023 2024 2023 Note RM’000 RM’000 RM’000 RM’000 EQUITY AND LIABILITIES EQUITY Share capital 15 393,168 125,260 393,168 125,260 Employee share option reserves 16 6,637 - 6,637 - Retained profits 310,827 163,127 13,013 57,952 Equity attributable to owners of the Company 710,632 288,387 412,818 183,212 Non-controlling interests 4,313 6,005 - - TOTAL EQUITY 714,945 294,392 412,818 183,212 NON-CURRENT LIABILITIES Cumulative redeemable non- convertible preference shares (“CRNCPS”) 17 - 139,447 - 139,447 Lease liabilities 18 13,882 4,384 - - Other payables 22 - 88,255 - - Borrowings 19 - 6,186 - - Islamic medium term notes (“IMTN”) 23 196,655 - 196,655 - Deferred tax liabilities 20 89,233 65,464 - - 299,770 303,736 196,655 139,447 CURRENT LIABILITIES Trade payables 21 72,552 40,673 - - Other payables and accruals 22 9,547 32,346 3,611 585 CRNCPS 17 - 3,563 - 3,563 Amount owing to a subsidiary 13 - - - 99 Lease liabilities 18 17,854 10,259 - - Borrowings 19 - 2,625 - - Current tax liabilities 22,924 3,604 153 168 122,877 93,070 3,764 4,415 TOTAL LIABILITIES 422,647 396,806 200,419 143,862 TOTAL EQUITY AND LIABILITIES 1,137,592 691,198 613,237 327,074 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 (cont’d) The annexed notes form an integral part of these financial statements.
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