CHAIRMAN’S STATEMENT ANNUAL REPORT 2025 013 OUR BUSINESS PERFORMANCE With the record revenue across all the active business divisions, the Group achieved a record high revenue and profit in FY2025. The Group recorded revenue of RM1.93 billion in FY2025, an increase of 59.5% compared to FY2024. Gross profit (“GP”) more than doubled of FY2024, at RM234.68 million, supported by higher revenue and better GP margin. Other operating income was lower compared to FY2024, as FY2024 recorded gains from remeasurement of financial liabilities, write-back of land held for development and reversal of impairment allowances. Administration and finance costs rose in line with expanded operations and property development activities. Overall, the Group achieved a record high profit before tax and profit after tax of RM138.11 million and RM106.83 million respectively in FY2025. Please refer to the Financial Review section under the Management Discussion and Analysis for further details on our performance. OUTLOOK We have an estimated construction and manufacturing balance order book of approximately RM4.47 billion and RM0.26 billion respectively as at 31 December 2025, from a diversified clientele. This sizeable balance orders, together with unbilled property sales of RM692 million, provides strong earnings visibility for the next few years. Nevertheless, challenges remain. Geopolitical tensions, particularly the ongoing Middle East conflict, have disrupted global crude oil supply, driving energy prices higher and cascading into transport, logistics, and manufacturing costs. Construction material costs are also escalating. If this trend continues, margins are expected to come under pressure, and some developers may defer new projects. As the conflict continues to evolve, the extent and duration of its impact on our businesses remain difficult to predict. In response, the Group will adopt a cautious approach to bidding and new launches, while leveraging its strong track record, extensive industry experience, and continued support from bankers to navigate uncertainties. REWARD TO SHAREHOLDERS – DIVIDEND While we do not adopt a formal dividend policy, we have consistently declared dividends every year since our listing on the Main Market of Bursa Malaysia Securities Berhad in 2010. For FY2025, the Board recommends a single tier dividend of 4.0 sen per share, subject to shareholders’ approval at the forthcoming Annual General Meeting. We remain committed to rewarding loyal shareholders while balancing funding needs of our business operation and expansion. ACKNOWLEDGEMENT On behalf of the Board, I extend heartfelt gratitude to our shareholders, bankers, customers, business partners and regulatory authorities for their continued support. We also express deep appreciation to our management team and employees for their dedication and hard work. Pang Tin @ Pang Yon Tin Chairman
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