NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 (CONT’D) 6. INVESTMENT IN ASSOCIATES The Group The Company 2025 2024 2025 2024 RM’000 RM’000 RM’000 RM’000 Unquoted shares, at cost 122 122 # - Share of post-acquisition reserves 30 45 # - 152 167 # - Accumulated impairment losses (122) - - - 30 167 # - Note:- # - Less than RM1,000. The details of the associates are as follows:- Name of Associate Principal Place of Business and Country of Incorporation Percentage of Ownership Principal Activities 2025 2024 Associate of the Company Percon Keyfield Maritime Sdn. Bhd. ^ Malaysia 49% - Chartering vessels for the maritime security industry and related services Associate of Keyfield Offshore Naka Bayu Sdn. Bhd. Malaysia 49% 49% Chartering of tugboat and marine security related activities - temporarily inactive during the financial year. Note:- ^ - The financial information of this associate incorporated in the consolidated financial statements has been prepared based on the latest available unaudited financial statements, pending finalisation of the statutory audit by another firm of chartered accountants. (a) On 27 May 2025, the Company subscribed for 49 ordinary shares of RM1 each in Percon Keyfield Maritime Sdn. Bhd., representing a 49% equity interest, for a total consideration of RM49. (b) Summarised financial information of the associates has not been presented as the associates are not individually material to the Group. 182 KEYFIELD INTERNATIONAL BERHAD (Incorporated in Malaysia) | Registration No: 202001038989 (1395310 - M)
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