19 ANNUAL REPORT 2024 GROUP CEO’S MESSAGE DEAR ESTEEMED SHAREHOLDERS, I’m honoured to present to you Keyfield International Berhad’s (“Keyfield”, and collectively with our subsidiaries, or “Keyfield Group or “our Group”) inaugural annual report for the financial year ended 31 December 2024 (“FYE 2024”). 2024 was a landmark year for Keyfield, defined by growth, resilience and many notable achievements. In 2024, we achieved record operational and financial performance, solidifying our position as the market leader in the Malaysian AWB sector. KEY ACHIEVEMENTS IN FYE 2024 In April 2024, Keyfield Offshore, our main operating subsidiary, was awarded the Panel Contractor Contract (“PCC”) for Offshore Support Vessel (“OSV”) services for Petroleum Arrangement Contractors (“PACs”), particularly for Accommodation Work Boats, Anchor Handling Tug Supply vessels and Platform Supply Vessels. The PCC, which spans an initial period of 3 years with an option to extend for a further 3 years, positions Keyfield favourably to continue serving PETRONAS, PETRONAS Carigali Sdn Bhd, and PACs effectively. In the same month, Keyfield made its trading debut on the Main Market of Bursa Securities on 22 April 2024, achieving a remarkable opening price of RM1.70, an 88.9% premium over its IPO price of RM0.90 before rising further and closing at RM1.93. The impressive gain earned us a recognition as the best maiden day trading performance for Main Market IPO stock in the last 6 years. We are grateful for the support and confidence from our investors, which has driven the share price to a commendable level. Our successful listing has paved the way for a new chapter of growth, unlocking a wealth of opportunities to further expand and strengthen Keyfield’s position in the market. We completed the first issuance under our RM1.0 billion Sukuk Wakalah programme, successfully raising gross proceeds of RM200.0 million, with the proceeds being earmarked for further fleet expansion. Pursuant to this, we are honoured to be awarded the prestigious RAM Blueprint Award for our landmark RM1.0 billion Sukuk programme. At Keyfield, we believe Compassion and Wisdom are the guiding virtues in achieving our continued success. “ ”
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