024 KIMLUN CORPORATION BERHAD • PROSPECTS AND OUTLOOK Focus and Strategies for 2026 Construction Division: Manufacturing Division: Property Development Division: • Focus in timely execution of projects in hand • Adopt selective and cautious bidding for new projects, mindful of geopolitical uncertainties in the Middle East • Continue undertaking in-house projects • Bid for precast products orders in Singapore and Malaysia, with emphasis on MRT and rail line projects • Progress ongoing developments: Arden Residence, Pinegate Residency, and Taman Nusa Melati (Total GDV: RM1.695 billion) • Launch Lino Residence (GDV: RM205 million), subject to market sentiment • Advance development planning for existing land bank assets MANAGEMENT DISCUSSION AND ANALYSIS Construction and Manufacturing Divisions As at 31 December 2025, the Group’s outstanding order book stood at approximately RM4.47 billion for construction and RM0.26 billion for manufacturing, contributed by numerous construction and supply contracts. Our on-going projects and sales orders comprise contracts secured from, amongst other, Samling Resources Sdn. Bhd., Eco World Development Group Berhad group, UEM Sunrise Bhd Group, S P Setia Bhd Group and China Communications Construction Company Ltd. Our on-going projects and sales orders include the following: (a) the Sarawak-Sabah Link Road Project for a contract sum of RM0.78 billion. The estimated completion period of the project is year 2026; (b) Main building works for 2 blocks of serviced apartments and ancillary buildings in Mukim of Pulai, Daerah Johor Bahru, Johor for a contract sum of RM271.55 million. The estimated completion period of the project is year 2028; and (c) Few sales orders for the supply of IBS components, tunnel lining segments (“TLS”) and rail sleepers to Singapore MRT project. The estimated completion period of these sales orders is up to year 2028. Property Development Division In 2025, (i) the Group launched the Pinegate Residency and Taman Nusa Melati, with a combined estimated gross development value (“GDV”) of approximately RM890 million. As at 31 December 2025, future gross revenue to be recognised from secured sales amounted to RM142 million. (ii) The Group’s associate company, Astaka Kimlun Sdn. Bhd. (“AKSB”), launched a service apartment development in Johor Bahru, Johor, known as Arden Residence, with an estimated GDV of approximately RM810 million. As at 31 December 2025, future gross revenue to be recognised by AKSB from secured sales stood at RM550 million. Subject to market sentiment and barring unforeseen circumstances, the Group expects to launch Lino Residence in the last quarter of 2026, with an estimated GDV of approximately RM205 million. Barring unforeseen circumstances, the sizeable construction and manufacturing balance orders, together with unbilled property sales, provides strong earnings visibility and is expected to sustain the Group’s activities over the next few years.
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