Link: https://links.sgx.com/1.0.0/corporate-announcements/DEB76KSY7CKZIY18/ca38528be66a7afbcac8ff44e4d2112ee209ee2349d267e2a678e3ebcdff7f12

Summary:

• Net profit attributable to shareholders fell 93.1% year-on-year to RM378,000 for the six months ended 30 September 2025, on revenue down 10.2% to RM173.8 million.

• Profit collapse was mainly due to weaker manufacturing (–29.98%) and lower car dealership sales (–4.86%), reflecting fewer sales orders, project delays, and cautious consumer sentiment around the Malaysian petrol subsidy policy and extended holidays.

• Gross profit margin declined to 11.2% from 13.2%, with manufacturing margin falling to 21.5% and dealership margin steady at 9.2%.

• Operating cash flow remained healthy at RM8.26M; cash and cash equivalents jumped to RM28.9M.

• Interim dividend of 0.30 sen per share was declared, payable December 15, 2025.

• Board maintains focus on cost control, diversification, and new dealership openings but signals ongoing risk from price competition, rising costs, and changing consumer demand in the auto market.