NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 (CONT’D) 20. TERM LOAN (CONT’D) (a) The term loan is secured by a first party legal charge over Keyfield Aulia vessel as disclosed in Note 7(a) to the financial statements and corporate guarantee by the Company. (b) The major covenants of the term loan are as follows:- (i) The guarantor shall maintain a Finance-to-Equity ratio of not more than 1.00 times. (ii) Maintain a finance service cover ratio (“FSCR”) of not less than 1.50 times. FSCR is defined as the ratio of Free Cash Flow to Finance Service. The covenants are tested half-yearly, at 30 June and 31 December. The Group has complied with the covenants throughout the reporting period. There are no indicators that the Group would have difficulties complying with the upcoming covenant assessments. (c) The interest rate profile of the term loan is as follows:- The Group 2025 2024 % % Floating rate term loan 4.95 - 21. ISLAMIC MEDIUM-TERM NOTES (“IMTN”) The Group/The Company 2025 2024 Note RM’000 RM’000 At 1 January 196,655 - Issued during the financial year - 200,000 Transaction costs capitalised - (3,345) Amortisation of transaction cost capitalised 27 892 - Interest expense recognised in profit or loss 27 9,830 - Repayment of interest expense (9,830) - At 31 December 197,547 196,655 198 KEYFIELD INTERNATIONAL BERHAD (Incorporated in Malaysia) | Registration No: 202001038989 (1395310 - M)
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