Tropicana Corporation Berhad Annual Report 2025

Tropicana Corporation Berhad Annual Report 2025 1
ABOUT US 3
ABOUT THIS REPORT 4
CONTENTS 5
GROUP OVERVIEW 9
2025 AT A GLANCE 10
CORPORATE INFORMATION 12
CORPORATE STRUCTURE 14
2025 EVENTS & HIGHLIGHTS 16
SIGNIFICANT MILESTONES 36
OUR COMMITMENT TO EXCELLENCE 40
MANAGEMENT DISCUSSION & ANALYSIS 41
MANAGEMENT DISCUSSION & ANALYSIS 42
OVERVIEW & PROPERTY MARKET OUTLOOK 44
OUR KEY PRIORITIES 50
ACHIEVEMENTS & FUTURE GROWTH 51
THE TROPICANA JOURNEY & MARKET TRACTION 52
EXPANDING OUR FOOTHOLD 60
ONGOING DEVELOPMENTS 62
UPCOMING DEVELOPMENTS 68
INVESTMENT PROPERTIES 71
APPRECIATION 72
PERFORMANCE AT A GLANCE 73
FINANCIAL HIGHLIGHTS & INSIGHTS 75
VALUE ADDED STATEMENT 78
FINANCIAL CALENDAR 79
OUR VALUE CREATION 80
OUR CAPITALS & BUSINESS MODEL 82
OUR OPERATING ENVIRONMENT 85
INVESTOR RELATIONS 86
QUALITY COMMITMENT 87
QUALITY FINISH 88
SUSTAINABILITY 89
SUSTAINABILITY MILESTONES 96
ABOUT THIS SUSTAINABILITY STATEMENT 97
SUSTAINABILITY GOVERNANCE 99
INTEGRATION OF SUSTAINABILITY RISKS & OPPORTUNITIES 100
STAKEHOLDER ENGAGEMENT 101
MATERIALITY ASSESSMENT 104
SUMMARY OF SUSTAINABILITY PERFORMANCE & TARGETS 105
PARTNERSHIPS & INDUSTRY ENGAGEMENT 109
ALIGNMENT WITH UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS 110
ECONOMIC SUSTAINABILITY 112
SOCIAL RESPONSIBILITY 137
ENVIRONMENTAL RESPONSIBILITY 153
CORPORATE GOVERNANCE 180
STATEMENT OF ASSURANCE 183
BURSA MALAYSIA PRESCRIBED TABLE 186
GOVERNANCE 190
DIRECTORS’ PROFILE 191
SENIOR MANAGEMENT PROFILE 196
CORPORATE GOVERNANCE OVERVIEW STATEMENT 202
ADDITIONAL COMPLIANCE INFORMATION 218
STATEMENT ON RISK MANAGEMENT & INTERNAL CONTROL 219
AUDIT COMMITTEE REPORT 228
FINANCIAL STATEMENT & OTHER INFORMATION 232
STATEMENT OF DIRECTORS’ RESPONSIBILITY 233
FINANCIAL STATEMENTS 234
ANALYSIS OF SHAREHOLDINGS 382
ANALYSIS OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHAREHOLDINGS 385
LIST OF PROPERTIES 386
GROUP DIRECTORY 396
NOTICE OF FORTY-SEVENTH ANNUAL GENERAL MEETING 398
ADMINISTRATIVE GUIDE 406
PROXY FORM 411
SIGNATURE DEVELOPMENTS 6

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