16 KEYFIELD INTERNATIONAL BERHAD 202001038989 (1395310-M) CHAIRPERSON’S MESSAGE DEAR ESTEEMED SHAREHOLDERS, On behalf of Keyfield International Berhad’s (“Keyfield” or the “Group”) Board of Directors, it is with immense pride that I present Keyfield’s inaugural Annual Report and Audited Financial Statements for the financial year ended 31 December 2024 (“FYE 2024”). OUR PERFORMANCE On 22 April 2024, Keyfield made an impressive debut on the Main Market of Bursa Securities with a closing price of RM1.93, a 114.4% premium over our IPO price of RM0.90. Our successful listing is a strong testament of the shareholders’ and market’s confidence in us, and we are proud that Keyfield was named best-performing Main Market IPO stock on its maiden day of trading since 2019. For FYE 2024, I am pleased to share that the Group reported a revenue of RM687.2 million with profit after tax and minority interests of RM226.9 million, surpassing our financial performance last year by 59.6% and 115.2% respectively. The increase was mainly driven by the higher number of chartered days for both own and third-party vessels (arising from higher utilisation rates and increased number of own vessels) as well as an increase in average Daily Charter Rates (“DCR”). Keyfield’s own vessels recorded a utilisation rate of 80.4% in FYE 2024, an increase from 78.8% utilisation rate which was recorded in the financial year ended 31 December 2023 (“FYE 2023”). We also experienced higher average DCR in 2024, which was attributable to the continued strong demand and tight supply conditions in the markets we operate in, especially for vessels which are equipped with DP2 capability. Basic EPS rose to 31.79 sen from 21.05 sen and return on shareholders’ equity for FYE 2024 was 45.4%. The Group also maintained a strong balance sheet, with total assets of RM1.1 billion and cash and cash equivalents of RM321.6 million. “ ”
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