Quarterly Report For The Financial Period Ended 31 December 2025

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Unaudited Condensed Consolidated Statements Of Comprehensive Income
For The Fourth Quarter Ended 31 December 2025

Unaudited Condensed Consolidated Statements Of Financial Position
For The Fourth Quarter Ended 31 December 2025

Review of Performance

Financial review for fourth quarter ended 31 December 2025 (“Q4 FY2025”) versus corresponding quarter ended 31 December 2024 (“Q4 FY2024”)

The Group recorded revenue at RM45.31 million in Q4 FY2025, showing a decrease of 27.72% compared to RM62.69 million recorded in the previous corresponding quarter. Decrease in total revenue mainly driven by lower contribution from recycled petroleum, recycled petrochemical and scheduled waste collection segments.

The Group’s gross profit margin for the current quarter increases to 10.57% in Q4 FY2025 from 6.88% in Q4 FY2024, an increase of 3.69%. The Group achieved a better margin by lower cost of materials.

As a result, the Group closed at RM1.16 million of loss before tax and EBITDA of RM1.89 million in the current quarter compared to RM1.80 million of profit before tax and EBITDA of RM4.06 million in the corresponding quarter.

Prospects

The Group anticipates a mixed economic climate in 2026, 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 2026 and beyond.