CHAIRMAN’S STATEMENT DEAR SHAREHOLDERS, ON BEHALF OF THE BOARD OF DIRECTORS (“THE BOARD”), I AM PLEASED TO PRESENT THE ANNUAL REPORT OF KIMLUN CORPORATION BERHAD (“THE COMPANY”) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 (“FY2025”). 012 KIMLUN CORPORATION BERHAD • OUR OPERATING ENVIRONMENT Malaysia’s construction industry demonstrated strong resilience in 2025, sustaining momentum from a robust 2024. Double‑digit growth in 2025 was driven by infrastructure projects, property market recovery, and foreign investment. In Johor, our home base, the property sector experienced a significant resurgence, driven by the upcoming RTS link, the Johor‑Singapore Special Economic Zone (JS‑SEZ), and substantial foreign direct investment. Johor had established itself as Malaysia’s second‑largest residential market, while industrial properties registered robust expansion. Capitalizing on this favourable environment, the Group secured a record RM2.8 billion worth of new construction projects in FY2025, surpassing the previous record of RM2.17 billion in FY2024. In addition, our subsidiaries and associate company launched three developments in Johor Bahru---Pinegate Residency, Taman Nusa Melati and Arden Residence, with a combined estimated gross development value of RM1.7 billion. All three projects have achieved encouraging take-up rates. In Singapore, construction demand strengthened further in 2025. Our Pre‑Cast Concrete Products Division (“PCPD”) capitalized on opportunities from public sector projects, securing multiple sales orders related to the Singapore MRT. Total new PCPD sales orders from Malaysia and Singapore amounted to RM0.11 billion in FY2025.
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