MSTGOLF Integrated Annual Report 2023

SECTION 1: ABOUT MST GOLF 10 FINANCIAL HIGHLIGHTS 2019 2023 2020 2021 2022 70.0^ 69.6 84.0 129.1 142.9 Gross Profit (RM Mil) FYE’19 - ‘23 CAGR* 19.5% 2019 2023 2020 2021 2022 177.7^ 170.2 206.5 300.9 325.4 Revenue (RM Mil) FYE’19 - ‘23 CAGR* 16.3% Profit Before Tax (RM Mil) FYE’19 - ‘23 CAGR* 2019 2023 2020 2021 2022 14.1^ 18.3 26.5 38.8 31.61 22.5% Profit After Tax (RM Mil) 10.5^ FYE’19 - ‘23 CAGR* 13.7 20.3 29.1 21.82 20.1% 2019 2023 2020 2021 2022 * Compounded Annual Growth Rate (“CAGR“). ^ The figures presented in FYE2019 are before transition to Malaysian Financial Reporting Standards (“MFRS“). (1) Normalised Profit Before Tax excluding the one-off impact of RM4.4 million related to the share listing expenses. (2) Normalised Profit After Tax excluding the one-off impact of RM4.4 million related to the share listing expenses.

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