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Integrated Annual Report 2025

Integrated Annual Report 2025 1
INSIDE THIS REPORT 2-3
INTRODUCTION 4-5
ABOUT THIS REPORT 4-5
MISC’S 2025 INTEGRATED REPORTING SUITE 4-5
ABOUT MISC 6-7
WHO WE ARE 8-9
OUR INVESTMENT CASE 8-9
OUR BUSINESSES 10-11
HOW WE MOVE ENERGY 14-15
KEY MESSAGES 18-19
CHAIRMAN’S MESSAGE 20-21
PRESIDENT & GROUP CHIEF EXECUTIVE OFFICER’S MESSAGE 24-25
CHIEF STRATEGY & SUSTAINABILITY OFFICER’S MESSAGE 28-29
CHIEF FINANCIAL OFFICER’S MESSAGE 30-31
HIGHLIGHTS 32-33
KEY HIGHLIGHTS OF 2025 34-35
BUILDING MOMENTUM TOWARDS THE MISC 2030 AMBITION 36-37
A LOOK BACK AT 2025 40-41
VALUE WE CREATE 48-49
OUR INTEGRATED APPROACH TO VALUE CREATION 50-51
VALUE CREATION BUSINESS MODEL 52-53
ENGAGING WITH STAKEHOLDERS 54-55
STRATEGIC REVIEW 58-59
OUR OPERATING ENVIRONMENT 60-61
OUR MATERIAL MATTERS 68-69
OUR RISKS AND MITIGATION STRATEGIES 78-79
DELIVERING OUR STRATEGY 88-89
DELIVERING OUR STRATEGY 90-91
SUSTAINABILITY AS A DECISION LENS UNDER MISC 2030 AMBITION 94-95
BUSINESS REVIEW 98-99
GAS ASSETS & SOLUTIONS 100-101
PETROLEUM & PRODUCTS 106-107
OFFSHORE 112-113
MARINE & HEAVY ENGINEERING 118-119
MARINE SERVICES 124-125
MARITIME EDUCATION & TRAINING 130-131
CORPORATE ENABLERS 136-137
HUMAN CAPITAL INVESTMENT 138-139
OPERATING SAFELY & SUSTAINABLY 138-139
OPERATING RESPONSIBLY 140-141
FINANCIAL REVIEW 142-143
GROUP FINANCIAL REVIEW 144-145
FINANCIAL CALENDAR 146-147
FIVE-YEAR GROUP FINANCIAL PERFORMANCE 148-149
STATEMENT OF VALUE ADDED & VALUE DISTRIBUTED 150-151
LEADERSHIP 152-153
OUR BOARD AT A GLANCE 154-155
PROFILES OF THE BOARD OF DIRECTORS 156-157
OUR EXECUTIVE LEADERSHIP TEAM 166-167
PROFILES OF THE EXECUTIVE LEADERSHIP 166-167
GOVERNANCE 174-175
CORPORATE GOVERNANCE OVERVIEW STATEMENT 176-177
BOARD NOMINATION & REMUNERATION COMMITTEE REPORT 200-201
BOARD AUDIT COMMITTEE REPORT 208-209
BOARD SUSTAINABILITY & RISK COMMITTEE 216-217
STATEMENT ON RISK MANAGEMENT & INTERNAL CONTROL 222-223
STATEMENT OF DIRECTORS’ RESPONSIBILITY 242-243
ADDITIONAL COMPLIANCE INFORMATION 242-243
ADDITIONAL INFORMATION 244-245
DISCLOSURE OF FINANCIAL DATA FOR SHARIAH SCREENING 246-247
PROPERTIES OWNED BY MISC BERHAD AND ITS SUBSIDIARIES 248-249
STATISTICS ON SHAREHOLDINGS 250-251
CORPORATE INFORMATION 252-253
LIST OF ABBREVIATIONS 254-255
ANNUAL GENERAL MEETING 258-259
NOTICE OF ANNUAL GENERAL MEETING 260-261
Form of Proxy 266-267

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