Financial Capital Optimising financial resources for business continuity to generate stable and long-term returns. Manufactured Capital Assets under management and value-added products that provide returns. Intellectual Capital The Group’s expertise, processes, systems, and standards provide competitive advantages to the business operations. Human Capital A strong and dedicated workforce led by its management team in carrying out its business plan and strategies. Social Capital Contributions towards the betterment of communities and nation-building initiatives. Natural Capital Resources generated from renewable and nonrenewable sources are used in business operations. OUR CAPITALS & BUSINESS MODEL Tropicana Corporation Berhad operates through three core business segments: Property Development, Property Investment, and Recreation, Resort & Hospitality, each contributing to the Group’s integrated and resilient business model. The Property Development segment focuses on the construction and sale of residential, commercial, and industrial properties. The Property Investment segment encompasses the ownership, collaboration, and management of income-generating assets, including education, retail, and office spaces, as well as digital platforms such as the T360 mobile app and its online marketplace. Meanwhile, the Recreation, Resort & Hospitality segment oversees the management of Tropicana Golf & Country Resort, F&B outlets, and value-added services such as T Journey, the Group’s hospitality management and services arm. These segments operate in synergy, leveraging their collective strengths to create a diversified and resilient business model that delivers a distinctive competitive advantage in Malaysia’s dynamic market landscape. To further expand its reach, the Group’s international sales team actively markets Tropicana’s signature developments across regional markets, including Singapore, Taiwan, Indonesia, Hong Kong, and China. As a master township planner, Tropicana differentiates itself through a holistic design philosophy that integrates its core business segments. Its developments are guided by key principles such as work-life balance, environmental sustainability, urban renewal, digitalisation, and future-ready infrastructure, fostering vibrant and connected communities. In line with its mission to become a future-ready group focused on sustainable growth, Tropicana continues to strengthen its core property segment through an asset-light model, while leveraging its development expertise, distinctive development DNA, and strong ESG commitments to drive long-term value creation. OUR CAPITALS INPUT Recreation Resort & Hospitality Property Development & Property Management Property Investment REVENUE Hospitality Resort & Leisure - Golf Courses - Value-Added Attractions SALES/REVENUE Project & Developments Sustainable Townships RECURRING INCOME/REVENUE Mobile App & Online Marketplace Education Retail & Offices AR 2025 | MANAGEMENT DISCUSSION & ANALYSIS 80
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