ANNUAL REPORT 2025 OUR PERSPECTIVE 30 Chairman’s Statement (Cont’d) BUSINESS OVERVIEW The year was marked by several key operational achievements for the Group. We secured a one-year extension for our contract to supply passport chips to the Malaysian Government with an additional contract value of RM104.78 million. This extension has solidified our reputation as a leading player in the secure identity market and we are proud to continue our role as the trusted provider of passport solutions to the Immigration Department of Malaysia. NexG also secured a contract from the Ministry of Economy to rent out vending machines for the implementation of the People’s Income Initiative (“IPR”) programme. This two-year contract, worth over RM21 million, will see NexG support a key poverty eradication program that is designed to benefit thousands of households across Malaysia. In addition, we secured a 36-month contract from the Road Transport Department (“RTD”), worth RM21.52 million, to supply special category driving license cards. In June 2024, amid the boom in inbound tourism, Malaysia opened up autogate facilities to an additional 36 countries including all European Union countries, Bahrain, Qatar, Oman, Jordan, China, Canada, Hong Kong and Taiwan. NexG played a key role in customising the back-end system for Malaysia’s autogate system, ensuring the smooth implementation of this program. We will continue to roll out improvements to Malaysia’s autogate facilities, introducing new technologies and features such as facial recognition and bidirectional gates. As we continue to extend our track record in delivering mission-critical national projects for the Malaysian government, we are also pursuing the global expansion of our business. In FY2025, the Group achieved a milestone in the Indonesian market, clinching an RM30 million contract to supply smart cards to Perum Percetakan Negara Republik Indonesia (“PNRI”), under the Indonesian Ministry of State-Owned Enterprises. This contract positions NexG as a strategic partner of PNRI and paves the way for future growth in Indonesia’s rapidly growing smart card industry. In addition to the Group’s strong performance in FY2025, NexG has continued to strengthen its position as a key enabler of national digital infrastructure through several newly secured contracts. In February 2025, the Group was awarded a RM6.37 million contract by the Immigration Department of Malaysia for the comprehensive maintenance of Facial Live Capture (FLC) systems across all passport issuance and receiving offices nationwide. This three-year engagement underscores NexG’s continued contribution to enhancing border security and identity authentication capabilities. Additionally, NexG secured a three-year service agreement with Puspakom to implement an Electronic Reservation and Payment System (ERPS) for mobile inspection units, including MTS and MVS operations. Complementing this, the Group also commenced a contract with the Penang City Council for the maintenance of closed-circuit television (CCTV) systems, further expanding its footprint in urban security and surveillance infrastructure. Beyond FY2025, NexG has continued to build upon its track record of securing mission-critical national projects. Notably, the Group was awarded a RM9.97 million contract by the Civil Aviation Authority of Malaysia for the phased development, localisation, and integration of the Unmanned Aircraft System Traffic Management (UAS-TM) system (U1 and U2), running from March 2025 to March 2027. This initiative marks a strategic move into next-generation airspace solutions, aligning with the government’s broader vision for drone governance and smart mobility. In addition, NexG secured a contract from the Ministry of Domestic Trade and Cost of Living to enhance the MySubsidi Diesel system. These projects reflect the Group’s expanding role in supporting national digital infrastructure and public service optimisation. Passport chip supply contract extension (Malaysia) RTD special driving license card contract People’s Income Initiative (“IPR”) vending machine rental 2 years’s contract RM104.78 million «M21¬52 million RM21 million
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