ANNUAL REPORT 2025 27 Since its establishment in 1985, Sasbadi Holdings Berhad has undergone a continuous journey of transformation, growing from its origins as a print-based publisher into a comprehensive education solutions provider in Malaysia. Over the past four decades, the Group has progressively broadened its portfolio to support learners and educators across multiple stages of the education ecosystem, encompassing print, digital, applied learning, and emerging technology-driven solutions. As the education landscape continues to evolve, Sasbadi remains focused on strengthening its leadership position through disciplined execution of core strategies, sustained innovation, and strategic investments, ensuring the Group remains relevant, resilient, and well positioned to meet the future needs of Malaysia’s education sector. In the FYE 2026, Sasbadi Group will continue to drive innovation across its print publications portfolio, with a strong focus on new product development to expand our presence in both the academic and non-academic segments. We recognise that today’s learners have evolving preferences, including a growing demand for shorter, more concise reference materials and visually engaging content. In response, the Group will refine its print publishing strategies to remain relevant and competitive amid changing consumer expectations. The FYE 2026 also marks a pivotal year for the Group’s textbook publishing business. In October 2025, the Ministry of Education (“MOE”) announced 21 textbook tenders in relation to the implementation of the new 2027 school curriculum, with a total tender value exceeding RM90 million. Covering all Primary 1 and Secondary 1 subjects, these tenders signal the start of a new procurement cycle, with further tenders expected to be announced annually over the next six years for primary schools and five years for secondary schools. Participation in these tenders represents a significant growth opportunity for Sasbadi Group, and we will be allocating substantial resources and expertise to enhance our prospects of success. Beyond textbook tenders, the rollout of the new 2027 curriculum also creates opportunities for the Group to develop and publish new curriculum-aligned products, which will remain a key strategic focus beyond FYE 2026. In the area of artificial intelligence, the FYE 2026 is expected to be a particularly transformative year for Sasbadi Group as we place full strategic focus on the development of Malaysia’s first localised Large Language Model (“LLM”) trained specifically for education. This initiative is being undertaken through our joint venture with Agmo Capital Sdn Bhd, a wholly-owned subsidiary of Agmo Holdings Berhad and a leading provider of digital solutions. Building on our early investments in digital education intellectual property (“IP”) since the early 2010s, Sasbadi Group today commands a deep and extensive repository of curriculum-aligned, high-quality educational data that has been Management Discussion and Analysis Sasbadi Group will remain focused on defending its leadership position in the print publication sector by continuously developing innovative products that respond to evolving customer needs and market trends. Furthermore, the Group will place strong emphasis on securing Ministry of Education textbook tenders for the new 2027 school curriculum over the next six years, recognising these tenders as a key driver of growth.
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