35 ANNUAL REPORT 2025 MST GOLF GROUP BERHAD Future Strategy Looking ahead, the Group remains focused on strengthening operational efficiency, enhancing our customer engagement capabilities and expanding our regional presence. Thailand, the Southeast Asia biggest golf market, will be the exciting new market for the Group in 2026. Indonesia will remain a key growth market as we continue to expand our retail footprint and strengthen brand awareness. At the same time, we will continue to explore opportunities to enter other promising Southeast Asian markets as part of our long-term regional strategy. Operationally, the continued implementation of our ERP system and other digital initiatives will support better inventory management, stronger financial visibility and improved decisionmaking across the Group. While short-term market conditions may remain uncertain, we remain confident that our strong brand reputation and market position, diversified business ecosystem and disciplined financial management will position MST Golf well to capture long-term opportunities within the regional golf industry. I would like to express my sincere appreciation to our employees across Malaysia, Singapore and Indonesia for their dedication and resilience throughout the year. I would also like to thank our shareholders, customers, brand partners, suppliers and stakeholders for their continued trust and support. Together, we remain committed to strengthening MST Golf’s position as a leading golf retail and lifestyle platform in Southeast Asia. Further details on the Group’s operational and financial performance are presented in the Management Discussion & Analysis on pages 36 to 40 of this Annual Report. Let’s Golf. Singapore 8 stores Indonesia 7 stores A Snapshot of our Retail Footprint Across Major Southeast Asia Markets Malaysia 37 stores Singapore 7 stores Indonesia 7 stores Thailand Opening in mid 2026 Appreciation
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