DIRECTORS’ REPORT The directors hereby present their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2025. PRINCIPAL ACTIVITIES The principal activities of the Company are investment holding and provision of management services. The principal activities of the subsidiaries and joint ventures are disclosed in Note 18 and Note 20 to the financial statements respectively. There have been no significant changes in the nature of these principal activities during the financial year. RESULTS Group RM’000 Company RM’000 (Loss)/profit net of tax for the financial year (90,190) 41,010 (Loss)/profit attributable to: Owners of the parent (118,825) 5,476 Holders of perpetual bond 35,534 35,534 Non-controlling interests (6,899) - (90,190) 41,010 There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the financial statements. ISSUE OF SHARES AND DEBENTURES During the financial year, the Company issued Islamic Medium Term Note (“Sukuk Wakalah”) of RM650,000,000 in nominal value out of its RM1.5 billion Sukuk Wakalah Programme 2, which has been assigned a credit rating of AIS with a stable outlook by Malaysian Rating Corporation Berhad. The salient features of the Sukuk Wakalah Programme 1 and 2 are disclosed in Note 32(a) to the financial statements. The proceeds from the issuance of the Sukuk Wakalah shall be utilised by the Company and/or its group of companies for the following Shariah-compliant purposes: (a) to finance capital expenditure and/or investments (including but not limited to the purchase of land(s), building(s), shares, property and/or payment into joint ventures) of the Company and/or its group of companies, all of which shall be Shariahcompliant; AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 232
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