FROM OUR CHAIRMAN Dear Shareholders, FY2025 marked a clear reset for DNeX as the Group sharpened its focus on portfolio clarity, balance sheet strength and operating discipline, aimed at positioning DNeX on a stronger and more commercially resilient footing through clearer prioritisation of capital, management attention and resources. A comprehensive review of asset quality across the Group was undertaken to ensure the portfolio accurately reflected current performance expectations and established a more robust financial baseline. BUILDING PORTFOLIO RESILIENCE FOR THE LONG-TERM DNeX’s portfolio is structured across sectors with differing earnings profiles and cycle dynamics, providing a balance between long term technology exposure and businesses that generate operating income and cash flow. This reflects a deliberate approach to diversification in maintaining participation in structurally attractive industries while supporting financial resilience across market conditions. Within this framework, consolidation during FY2025 was undertaken without compromising operational continuity. The Group’s core businesses continued to operate in line with their respective commercial characteristics, collectively sustaining stability as internal alignment efforts strengthened. This balance across the portfolio has enabled DNeX to absorb near-term adjustments while preserving exposure to sectors with sustained growth potential. As the Group moves forward, maintaining this portfolio balance remains a key priority. The Board expects each business to operate with clear strategic intent, supported by disciplined capital allocation and a consistent focus on returns. Tan Sri Dato’ Sri Haji Syed Zainal Abidin Syed Mohamed Tahir Non-Independent Non-Executive Chairman Portfolio resilience, rather than scale alone, will guide decision making as the Group advances into its next phase. FY2025 has positioned DNeX with a more coherent portfolio structure, a stronger financial foundation and clearer performance expectations. The emphasis now shifts to delivery via improving earnings quality, strengthening cash generation and ensuring capital is deployed with precision. Progress will be measured by consistency and returns, with long-term value creation firmly at the centre of the Board’s oversight. STRENGTHENING FINANCIAL DISCIPLINE AND CAPITAL MANAGEMENT FY2025 required sustained Board focus on financial stewardship as the Group undertook a series of targeted measures to strengthen balance sheet resilience and enhance the quality of its earnings profile. These actions were guided by a clear governance objective to ensure that Management decisions remained firmly aligned with long-term financial sustainability. Following portfolio adjustments, the Board supported the adoption of a more prudent financial posture, recognising that a clearer financial baseline was essential to reinforcing the credibility and sustainable future performance. Funding and liquidity management formed a central pillar of this effort. The establishment of the RM3.0 billion Sukuk Wakalah Programme represented a meaningful step in broadening the Group’s funding options and enhancing financial flexibility. The Board reviewed the programme’s structure and deployment framework to ensure it appropriately balanced funding needs with prudent leverage and risk parameters. 37 OPERATIONAL REVIEW SUSTAINABILITY STATEMENT GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION INTELLIGENCE POWERING
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