ANNUAL REPORT 2025 FINANCIAL STATEMENTS Notes to the Financial Statements (Cont’d) For the Financial Year Ended 31 March 2025 172 43. EARNINGS PER SHARE Group 2025 2024 Profit attributable to owners of the Company (RM’000) 115,549 92,256 ’000 ’000 Weighted average number of ordinary shares in issue (Basic) 2,786,212 2,816,287 Effect of dilution of warrants 1,391,077 - Weighted average number of ordinary shares in issue (Diluted) 4,177,289 2,816,287 Basic earnings per share (sen) 4.15 3.28 Diluted earnings per share (sen) 2.77 3.28 The potential conversion of ESOS are anti-dilutive as their exercise prices are higher than the average market price of the Company’s ordinary shares during the current financial year. Accordingly, the exercise of ESOS has been ignored in the calculation of dilutive earnings per share. 44. ACQUISITIONS OF A SUBSIDIARY AND NON-CONTROLLING INTERESTS On 6 March 2025, the Company acquired 51% equity interests in Innov8tif Holdings Sdn. Bhd.. The acquisition of this subsidiary is to enable the Group to acquire the readily available digital ID assurance and digital onboarding businesses of the subsidiary to complement and enhance the Group’s existing business as an ICT solutions provider. The following summarises the major classes of consideration transferred, and the recognised amounts of assets acquired and liabilities assumed at the date of acquisition. Group 2025 RM’000 Property, plant and equipment 209 Rights-of-use assets 2,005 Development expenditure 47,345 Trade receivables, other receivables, deposits and prepayments 5,964 Deferred tax assets 483 Deposits with licensed banks 540 Cash and bank balances 6,469 Trade payables, other payables and accruals (6,395) Deferred tax liabilities (11,363) Lease liabilities (2,093) Provision for taxation 80 Fair value of net identifiable assets acquired 43,084 Less: Non-controlling interests, measured at the proportionate share of the Fair value of the net identifiable assets (21,111) Add: Goodwill on acquisition (Note 11) 17,550 Total purchase consideration, to be settled by cash 39,523 Less: Fair value of the balance consideration (2,273) 37,250
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