Key Audit Matters (continued) We have determined the matters described below to be the key audit matters to be communicated in our report. Impairment of property, plant and equipment and intangible assets Refer to Notes 3 and 6 to the financial statements Key Audit Matter How our audit addressed the key audit matter As of 31 December 2025, the Group’s property, plant and equipment and intangible assets were approximately RM1,650.48 million and RM905.08 million net of impairment losses respectively. These assets mainly relate to the building and facility system and equipment of semiconductor wafers, a floating production, storage and offloading vessel (“FPSO”) and production fields of the Anasuria Cluster. This is an area of focus given the inherent subjectivity in impairment testing. Our procedures in relation to the impairment indication test included, amongst others: Technology segment – Silterra Malaysia Sdn. Bhd. • Reviewed the impairment assessment prepared by management, including fair value model assisted by an external expert for indications of impairment; • Evaluated the competence and capabilities of the external expert and reviewed the terms of engagement of the expert appointed by the Group to determine whether there were any matters that might have affected their objectivity or limited their scope of their work; and • Assessed the methodology adopted by management and its appointed expert for calculating the fair values and validated the key assumptions used. Energy segment – Ping Petroleum UK PLC • Reviewed the reserve model prepared by the management and assisted by an external expert for indications of impairment; • Evaluated the competence and capabilities of the external expert and reviewed the terms of engagement of the expert appointed by the Group to determine whether there were any matters that might have affected their objectivity or limited their scope of their work; • Assessed the reasonableness of management’s key assumptions made, including oil prices, production volumes and discount rate; and • Performed sensitivity analysis by changing the key assumptions used and assessed the impact on the recoverable amount of the cash-generating unit (“CGU”). INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF DAGANG NEXCHANGE BERHAD (INCORPORATED IN MALAYSIA) REGISTRATION NO. 197001000738 (10039-P) DNeX INTEGRATED REPORT 2025 228 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD
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