Dagang NeXchange Berhad is a public limited liability company, incorporated and domiciled in Malaysia and listed on the Main Market of Bursa Malaysia Securities Berhad. The registered office and principal place of business are as follows: Registered office E-10-4, Megan Avenue 1, 189, Jalan Tun Razak, 50400 Kuala Lumpur, Wilayah Persekutuan, Malaysia. Principal place of business Dagang Net Tower, Block 10 (A&B) Corporate Park, Star Central, Lingkaran Cyberpoint Timur, Cyber 12, 63000 Cyberjaya, Selangor. These financial statements comprise both separate and consolidated financial statements as at and for the financial year ended 31 December 2025. The financial statements of the Company are separate financial statements, while the consolidated financial statements comprise the Company and its subsidiaries (together referred to as the “Group” and individually referred to as “Group entities”) and the Group’s interests in a joint venture and a joint operation. The Company is principally engaged in the business of investment holding whilst the principal activities of the subsidiaries are as stated in Note 7 to the financial statements. These financial statements were authorised for issue by the Board of Directors on 28 April 2026. 1. BASIS OF PREPARATION (a) Statement of compliance The financial statements of the Group and of the Company are prepared under the historical cost convention and modified to include other bases of valuation as disclosed in other sections under material accounting policy information, and in compliance with Malaysian Financial Reporting Standards (“MFRSs”), IFRS Accounting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”) and the requirements of the Companies Act 2016 in Malaysia. During the current financial year, the Group and the Company have adopted the Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates - Lack of Exchangeability. This pronouncement does not have any material impact on the Group’s and the Company’s financial statements. The Group and the Company have not applied in advance the following accounting standards and/or interpretations (including the consequential amendments, if any) that have been issued by the Malaysian Accounting Standards Board (“MASB”) but are not yet effective for the current financial year: MFRSs and/or IC Interpretations (Including the Consequential Amendments) Effective date Amendments to MFRS 9 and MFRS 7: Amendments to the Classification and Measurement of Financial Instruments 1 January 2026 Amendments to MFRS 9 and MFRS 7: Contracts Referencing Nature-dependent Electricity 1 January 2026 Annual Improvements to MFRS Accounting Standards - Volume 11 1 January 2026 MFRS 18: Presentation and Disclosure in Financial Statements 1 January 2027 MFRS 19: Subsidiaries without Public Accountability: Disclosures 1 January 2027 Amendments to MFRS 19: Subsidiaries without Public Accountability: Disclosures 1 January 2027 Amendments to MFRS 121: Translation to a Hyperinflationary Presentation Currency 1 January 2027 Amendments to MFRS 10 and MFRS 128: Sale or Contribution of Assets between an investor and its Associate or Joint Venture Deferred NOTES TO THE FINANCIAL STATEMENTS 143 OPERATIONAL REVIEW SUSTAINABILITY STATEMENT GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION INTELLIGENCE POWERING
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