Quarterly Report For The Financial Period Ended 30 September 2025

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Unaudited Condensed Consolidated Statements Of Comprehensive Income
For The Third Quarter Ended 30 September 2025

Unaudited Condensed Consolidated Statements Of Financial Position
For The Third Quarter Ended 30 September 2025

Review of Performance

Financial review for third quarter ended 30 September 2025 ("Q3 FY2025") versus corresponding quarter ended 30 September 2024 ("Q3 FY2024")

In Q3 FY2025, the Group’s revenue recorded at RM76.63 million, marking an increase of 166.80% compared to RM28.72 million recorded in the previous corresponding quarter. This substantial growth was primarily driven by increase contribution from the sustainable products segment, which rose from 45.87% to 63.87% of total revenue. Geographically, domestic sales decline by 14.22%, while export sales experienced an increase of 230.41%.

The Group’s gross profit margin decreases to 14.29% in the current quarter from 20.55% in the corresponding quarter, representing decline of 6.26%. This was primarily attributable to increase in sales of sustainable products which generally command lower profit margin.

With the above, the Group recorded RM5.80 million of profit before tax in Q3 FY2025, an increase of 238.50% from RM1.71 million recorded in Q3 FY2024. EBITDA increased by RM4.11 million, reaching to a total of RM8.67 million in Q3 FY2025.

Prospects

The Group anticipates a mixed economic climate in 2025, with global deceleration and domestic inflationary pressures continuing to be factors. We are closely monitoring the Ringgit's volatility and its potential impact on our operational costs and supply chains.

Within our industry, oil prices are expected to remain volatile, which will impact the demand and pricing of our traditional oil products. The Group is prepared to adapt to these fluctuations.

A key strategic driver for the Group is the significant expansion into the biofuel products segment. This new segment represents a vital step in our diversification strategy and commitment to sustainable solutions. We foresee strong growth opportunities here, leveraging increasing market demand for renewable energy sources.

This expansion positions the Group strongly to capitalize on the growing global demand for renewable energy. We are optimistic about the significant growth opportunities presented by our biofuel products and are committed to leveraging this strategic move.

For our established manufacturing of oil products, the Group will continue to focus on operational efficiency and cost management to maintain competitiveness. Our aim is to ensure resilience within this segment amidst evolving market conditions.

The Management remains dedicated to upholding stringent internal controls and sound financial management. These principles are fundamental to sustaining the Group's business growth and profitability throughout 2025 and beyond.