39 01 | ABOUT NEXG 02 | OUR LEADERSHIP 03| OUR PERSPECTIVE 04 | SUSTAINABILITY 05 | GOVERNANCE 06 | FINANCIAL STATEMENTS 07 | OTHER INFORMATION Our Perspective For FY2026, the Group recorded total revenue of RM348.2 million compared to RM373.5 million in FY2025. The marginal decline was mainly attributable to timing differences in project recognition and delivery milestones across several government-related contracts. Despite the softer revenue performance during the year, the Group secured several major long-term contracts, including the RM1.73 billion passport contract and RM733 million MyKad-related contract, which are expected to contribute progressively over the coming financial years and strengthen the Group’s long-term earnings visibility. The Group recorded gross profit of RM230.5 million in FY2026 compared to RM247.2 million in the previous financial year. Gross profit margin remained stable at approximately 66.2%, reflecting continued operational efficiency, disciplined procurement management and the strength of the Group’s higher-margin secure identity solutions business. The Group’s core secure identity and government infrastructure projects continued to provide stable margin contributions despite ongoing investments in expansion initiatives and technology development. The Group recorded a net loss attributable to shareholders of RM84.2 million, compared with a net profit of RM115.5 million in the preceding financial year. Consequently, the Group's net profit margin declined to negative 24.2% from 30.9% in FY2025. The deterioration in profitability was primarily attributable to the recognition of significant fair value losses and impairment-related charges, coupled with higher administrative expenses incurred during the year. Revenue RM million REVENUE GROSS PROFIT RM 348.2 RM 230.5 Gross Profit and Gross Profit Margin Net Loss and Net Loss Margin Management Discussion AND ANALYSIS (Cont’d) RM million NET LOSS NET LOSS MARGIN (RM 84.2) (24.2%) 2022 2023 2024 2025 2026 136.4 334.7 368.3 373.5 348.2 76.7 189.4 220.6 247.2 230.5 2022 2023 2024 2025 2026 10.2 76.4 92.2 115.7 (84.2) 7.5% 22.2% 25.1% 31.0% (24.2%) 344.7 115.5
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