TOGETHER
WE GROWThis Financial Statement is available at
https://www.cahyamata.com
Cahya Mata moves forward with clarity of purpose bringing together a diverse portfolio of businesses to create strength that is unified, complementary and built to endure.
With a foundation shaped by discipline and resilience, the Group continues to advance by deepening the connections across its businesses transforming diversification into synergy and capability into sustained value creation.
The dandelion on this year's cover captures this idea with quiet precision. Rooted in a single source, it releases its seeds outward with each one carrying the same essence while remaining connected to a shared foundation. In the same way, Cahya Mata extends its presence across sectors and communities, where each business contributes its strengths within a unified direction, reinforcing the collective whole.
Together, these contributions form an interconnected and coordinated network of growth that extends the Group's reach while strengthening its core.
In charting our growth, Cahya Mata aligns its businesses through a shared direction of integrating strategy, operations and stewardship to strengthen long-term resilience. This approach reflects a commitment not only to performance, but to responsible progress, where economic value advances alongside environmental care, social contribution and sound governance.
Growth, in this context takes on greater meaning. It strengthens what is built, extends what is possible and sustains what matters over time.
At Cahya Mata, progress moves through alignment, multiplies through synergy and endures through responsibility.
Together, We Grow toward shaping a future that is resilient, inclusive and sustainable.
INSIDE THIS REPORT
OUR PERFORMANCE:
4 Five-Year Financial Highlight
6 Financial Calendar
THE FINANCIALS:
8 Directors' Report
15 Statement by Directors and Statutory Declaration
16 Independent Auditors' Report
23 Statements of Profit or Loss and
Other Comprehensive Income
25 Statements of Financial Position
27 Statements of Changes in Equity
30 Statements of Cash Flows
35 Notes to the Financial Statements
2025
KEY HIGHLIGHTS
Financial Highlights Business Highlights
Cement
Road Maintenance
Revenue
RM1,109.4
million
(FY2024: RM1,196.3 million)
Profit Before Tax ("PBT")
RM108.8
million
(FY2024: RM190.1 million)
EBITDA
RM192.5
million
(FY2024: RM296.3 million)
Total equity
RM3,600.0
million
(FY2024: RM3,636.6 million)
Gearings
0.09
times
(FY2024: 0.07 times)
Revenue
RM665.1 million
(FY2024: RM646.8 million)
PBT
RM160.6 million
(FY2024: RM149.4 million)
Oiltools
Revenue
RM139.3 million
(FY2024: RM277.4 million)
PBT
RM9.6 million
(FY2024: RM30.5 million)
Construction Materials & Trading
Revenue
RM66.6 million
(FY2024: RM64.3 million)
Revenue
RM152.5 million
(FY2024: RM142.5 million)
PBT
RM20.5 million
(FY2024: RM33.6 million)
Property Development
Revenue
RM109.5 million
(FY2024: RM73.1 million)
PBT
RM5.9 million
(FY2024: RM21.6 million)
PBT
RM27.0 million
(FY2024: RM21.8 million)
Chapter 1: OUR PERFORMANCE
FIVE-YEAR
FINANCIAL HIGHLIGHT
FINANCIAL YEAR ENDED 31 DECEMBER 2025
GROUP FINANCIAL HIGHLIGHTS & SUMMARY
2025 2024 2023 2022 2021
Revenue (RM'000) | 1,109,418 | 1,196,254 | 1,200,897 | 1,010,570 | 814,550 |
Profit before taxation (RM'000) | 108,801 | 190,100 | 128,241 | 397,997 | 234,607 |
Profit after tax (RM'000) | 39,716 | 124,923 | 81,639 | 289,926 | 204,748 |
EBITDA (RM'000) | 192,477 | 296,268 | 241,352 | 494,861 | 334,332 |
Profit attributable to owners of the Company (RM'000) | 65,688 | 128,192 | 114,443 | 287,134 | 204,218 |
Weighted average no. of shares ('000) | 1,074,689 | 1,074,369 | 1,074,176 | 1,074,176 | 1,071,522 |
Basic earnings per share (sen) | 6.11 | 11.93 | 10.65 | 26.73 | 19.06 |
Gross dividends per share (sen) | 3.00* | 3.00 | 2.00 | 3.00 | 2.00 |
Current assets (RM'000) | 1,386,648 | 1,359,983 | 1,631,410 | 2,016,308 | 1,729,867 |
Current liabilities (RM'000) | 835,203 | 713,311 | 807,441 | 1,004,387 | 1,208,382 |
Total assets (RM'000) | 4,643,602 | 4,548,752 | 4,675,609 | 4,855,805 | 4,797,741 |
Total borrowings (RM'000) | 310,168 | 258,329 | 379,898 | 587,934 | 925,339 |
Total liabilities (RM'000) | 1,043,609 | 912,120 | 1,127,894 | 1,378,572 | 1,565,351 |
Total equity (RM'000) | 3,599,993 | 3,636,632 | 3,547,715 | 3,477,233 | 3,232,390 |
Return on average shareholders' equity (%) | 1.93 | 3.83 | 3.51 | 9.20 | 7.04 |
Return on total assets (after tax) (%) | 1.41 | 2.82 | 2.45 | 5.91 | 4.26 |
Current ratio (times) | 1.66 | 1.91 | 2.02 | 2.01 | 1.43 |
Gearings (times) | 0.09 | 0.07 | 0.11 | 0.17 | 0.29 |
Net tangible assets per share (RM)# | 3.11 | 3.11 | 3.00 | 2.93 | 2.75 |
Net assets per share (RM)# | 3.16 | 3.16 | 3.07 | 3.00 | 2.80 |
* Subject to shareholders' approval at Cahya Mata's forthcoming 51st Annual General Meeting ("AGM")
# attributable to owners of the company
4 Cahya Mata Sarawak Berhad
OUR PERFORMANCE | The Financials
FIVE-YEAR FINANCIAL HIGHLIGHT
190,100
Revenue (RM'000) Profit Before Taxation (RM'000)
814,550
1,010,570
1,200,897
1,196,254
1,109,418
234,607
397,997
128,241
108,801
2021
2022
2023
2024
2025
2021
2022
2023
2024
2025
Profit attributable to owners of the Company (RM'000)
Basic earnings per share (sen)
204,218
287,134
114,443
128,192
65,688
19.06
26.73
10.65
11.93
6.11
2021
2022
2023
2024
2025
2021
2022
2023
2024
2025
Net assets per share (RM) Total equity (RM'000)
2.80
3.00
3.07
3.16
3.16
3,232,390
3,477,233
3,547,715
3,636,632
3,599,993
2021
2022
2023
2024
2025
2021
2022
2023
2024
2025
Financial Statements 2025 5
Chapter 1: OUR PERFORMANCE
FINANCIAL CALENDAR
1
ST QUARTER
(Period ended 31 March 2025):
22 May 2025
ND QUARTER
2
(Period ended 30 June 2025):
20 Aug 2025
3
RD QUARTER
(Period ended 30 September 2025):
24 Nov 2025
TH QUARTER
4
(Period ended 31 December 2025):
24 Feb 2026
FY2025 | |||||
RM '000 | Q1 | Q2 | Q3 | Q4 | 2025 |
Revenue | 246,129 | 246,923 | 305,365 | 311,001 | 1,109,418 |
Profit before taxation | 26,871 | (5,862) | 48,139 | 39,653 | 108,801 |
Profit attributable to equity holders | 25,336 | (11,323) | 32,117 | 19,558 | 65,688 |
Earnings per share (sen) | 2.36 | (1.06) | 2.99 | 1.82 | 6.11 |
Dividend per share (sen) | 0.0 | 0.0 | 0.0 | 3.0 | 3.0 |
MEETING
ANNUAL
GENERAL
51
ST
51ST AGM:
25 MAY 2026
NOTICE OF
AGM:
24 APRIL 2026
6 Cahya Mata Sarawak Berhad
CHAPTER 2 :
THE
FINANCIALS
The directors have pleasure in presenting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 Dece2m02b5e. r
Principal activities
The Company is principally an investment holding company. It also provides centralised treasury functionsto the Group.
Chapter 2: THE FINANCIALS
DIRECTORS' REPORT
Registration No: 197401003655 (21-0T7) 6
Cahya Mata Sarawak Berhad (Incorporated in Malaysia)
Directors' Report
The Group is principally engaged in manufacturing of cement, construction, road maint,enance township, property& infrastructure developmenatnd provision of oilfield equipment, supplies and services. The principal activities of the subsidiaries are set out in N1o8tteo the financial statements.
Results | Group | Company |
RM'000 | RM'000 | |
Profit/(loss)for the year attributable to: - Owners of the Company | 65,688 | (92,283) |
- Non-controlling interests | (25,972) | - |
39,716 | (92,283) | |
Reserves and provisions |
There were no material transfers to or from reservpersoovrisions during the financial year other than as disclosed in the financial statements.
Issue of shares and debentures
During the financial year, the Company's issued share capital was increasRedMb4y02,000 through the issuance of251,700ordinary shares pursuant to the exercise of Employees' Share Option Scheme ("ESOS") at an exercise price of RM1.14 and RM1.03per ordinary shareand transfer fromESOS reserves ofRM126,000.
Treasury shares
As at 31 Decembe2r 025, the number oftreasury shares were 2,000 and the outstanding ordinary shares in issue neotf treasury shares wa1s,074,900,720.
Dividends
Since the end of the previous financial year, the Comphaandyon 26 June2025, paida first and final tax exempt (single-tier) dividend of3.00 sen per ordinary share, totalling R3M2,239,471in respect of the financial year ended 31 Decemb2e0r24.
At the forthcoming Annual General Meeting, a first and final tax exempt (s-tiniegrl)edividend in respect of the financial year edned 31 Decembe2r025, of 3.00 sen per share will be proposed for shareholders'
approval. The financial statements for the current financial year do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for in equity as an apprnoporfiatio retained earnings in the financial year ending 31 Decembe6r.202
Registration No: 197401003655 (21-0T7) 6
Cahya Mata Sarawak Berhad (Incorporated in Malaysia)
Directors' Report
Our Performance | THE FINANCIALS
DIRECTORS' REPORT
Directors
The names of the directors of the Company in office since the beginning of the financial year to the date of this report are:
General Dato' Seri DiRaja Tan Sri (Dr.)Mohd Zahidi bin Haji Zainuddin (Retired)
Dato Sri Mahmud Abu Bkeir Taib
Dato Sri Sulaiman AbdulRahman b Abdul Taib Dato' Maznah binti Abdul Jalil
Umang Nangku Jabu Jeyabalan A/L S.K. Parasingam Gee Siew Yoong
CP (R) Dato' Mohd Azman bin Ahmad Sapri (Appointed on 1 January 2025) Dato' Mat Hassan bin Esa (Appointed on 1 January 2025) Tan Sri Dato' Sri Haji Syed Zainal Abidin bin Syed Mohamed
Tahir* (Appointed on 3 March 2026)
Dr. Khor Jaw Huei (Resigned on 26 November 2025)
*Appointed as a director of subsidiaries on 21 February 2025
Pursuant to Section 253 of the CompanAiects 2016, the list of directors of the subsidiaries who served during the financial year and up to the date of this report, not including those directors mentioned above, is as follows:
Ahmad Ullah
Ailsa binti Hasmi (Appointed on2 December2025) Al Arrabiy Lacheheb
Aliff Omar bin Mohamad Omar (Appointed on6 January2025; resignedon 24 March 202)5
Chief Samuel Odu Ezediaro (Removed on6 February2026)
Choong Ju Tang (Appointedon 17January2025)
Clinton Dale anak Juis (Appointed on 1 April 2052) Dato' Wan Hazreek Putra Hussain Yusuf
Datu Haji Abdul Hadi bin Datuk Haji Abdul Kadir Datu Haji Muhamad Yakup bin Kari
Datuk Amar Haji Mohammad Ali Mahmud DennyTanuwijaya
Derek Chee Huong Xing
Dr. Yu Tat Loong (Resigned on22 October2025) Emily Hii San San
Fariz Salleh bin Mohamad Ali Haji Othman bin Abdul Rani
Haji Zainnurain bin Othman (Appointed on 1 April 2025; resignedon 9 February 2026)
Hajjah Norhafiza binti Mohd Hilal OmarMohamed Al Siyabi
Ikenna Kingsley Ezediaro (Appointedon 30 January 2026) Iskandar bin Matjani
Izzam bin Ibrahim
Chapter 2: THE FINANCIALS
Registration No: 197401003655 (21-0T7) 6
Cahya Mata Sarawak Berhad (Incorporated in Malaysia)
Directors' Report
DIRECTORS' REPORT
Directors (cont'd.)
Pursuant to Section 253 of the Companies Act 2016, the list of directors of the subsidiaries who served during thefinancial year and up to the date of this report, not including those directors mentioned above, is as follows: (cont'd.)
Kanesan A/L Veluppillai (Resigned on 26 February 2026) Koh Eng Pew
Mandar Shrikirshna Namjoshi (Resigned on 26 February 2052) Md Yusoff bin Mohamad Noor
Mok Chek Wei
Mohamad Faisal bin Ahmad Zaidin (Appointed on 9 February 2026)
Mohamed Sirajkumar bin AbduRl azack (Resigned on 28 February 2052) Muhammad Farook Thayyil Cherikkallil
Nelson Raon Kebing (Resigned on1 April 2025) Norhafizal bin Johari
Parsons, Stephen Cornelius Rana Mitra
Rashad Muhammad Alzubair Alzubair Raymond Ugay anak Benjamin
Ricky Aryaputra Singgih Shyawalluddien bin Mahmad Stephen AbednigoOghenekomeh Sultan' Obaid Said Al Ghaithi Yeoh Kar Hoe
Directors' benefits
Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Company was a party, whereby the directors might acquire benefits by means of the acquisition of shares in odrebentures of the Company or any other body corporate, other than those arising from the share options granted under the Employees' Share Option Scheme.
Since the end of the previous financial year, no direocftothr e Companyhas received or become entitled
to receive nay benefit (other than benefits included in the aggregate amount of emoluments received or due and receivable by the directors or the fixed salary of-atifmuell employee of the Company as shown
in Directors' remuneration) by reason of a contract made by the Company or a related corporation with any director or with a firm of which the director is a member, or wCitohmapany in which the director
has a substantial financial interest, except as discloseNdointe 39to the financial statements.
Employees' Share Option Scheme
On 12 November 2020, the shareholders approved the Employees' Share Option Scheme ("ESOS") for the granting of no-ntransferable options that are settled by physical delivery of the ordinary shares of the Company, to eligible executive directors and eligibelme ployees of the Company and/or its eligible subsidiaries.On 27 August2024, the Board of Directors resvoeld to extend the ESOStenure for additional four (4) yearus ntil 12 November 2028 in accordance with the terms oEfStOheS by-laws.
Registration No: 197401003655 (21-0T7) 6
Cahya Mata Sarawak Berhad (Incorporated in Malaysia)
Directors' Report
Employees' Share Option Scheme(cont'd.)
On 18 February 2025, Board of Directors resolved to disband the ESOS Committee. Following this dissolution, the Nomination and Remuneration Committee ("NRC") will assume the responsibilities of administering the scheme, ensuring continued compliance wegituhlartory requirements and alignment with the Company's lon-gterm incentive objectives.
The salient features and other terms of the ESOS are disclosed in Note 36 to the financial statements.
Our Performance | THE FINANCIALS
DIRECTORS' REPORT
The Company granted60,607,500and 16,465,000 share options under the ESOS in 20202a0n23d.
These options will expire on 12 November 2028 and are exercisable at an exercise price of RM1.14/RM1.03 per share if vesting conditions as detailed in Note 36 to the financial statements are met.
Details of options granted to directors are disclosed in the section on Directors' interests in this report.
Directors' remuneration
Included in the analysis below is remuneration for directors of the Company and its subsidiaries in accordance with the requirements of Companies Act 2016.
Group Company
202 RM'000 | 202 RM'000 | 202 RM'000 | 202 RM'000 | |
Executive: | ||||
Salaries and other emoluments | 6,80 | 9,59 | 6,80 | 9,59 |
Defined contribution and social security plans | 1,02 | 1,44 | 1,02 | 1,44 |
Total executive director's remuneration (excluding benefit-sin-kind) | 7,82 | 11,03 | 7,82 | 11,03 |
Benefits-in-kind | 21 | 31 | 21 | 31 |
Total executive director's remuneration (including benefit-sin-kind) | 7,84 | 11,07 | 7,84 | 11,07 |
Non-executive: | ||||
Fees | 1,73 | 1,07 | 1,48 | 900 |
Other emoluments | 2,85 | 1,703 | 2,41 | 1,54 |
Total non-executive directors' remuneration (excluding benefit-sin-kind) | 4,59 | 2,776 | 3,89 | 2,44 |
Benefits-in-kind | 66 | 58 | 66 | 58 |
Total non-executive directors' remuneration (including benefit-sin-kind) | 4,65 | 2,834 | 3,96 | 2,50 |
Total directors' remuneration | 12,50 | 13,904 | 11,80 | 13,57 |
Chapter 2: THE FINANCIALS
DIRECTORS' REPORT
Directors' interests
According to the Register of Directors' Shareholdings required to be kept under Section 59 of the CompaniesAct 2016, the interests of directors in office at the end of the financial year in sahnadres options overordinarysharesin the Company during the financial year were as follows:
Number of ordinary shares
At 1.1.202 Acquired Dispose At 31.122. 02Direct interests:
General Dato' Seri DiRaja Tan Sri
(Dr.) Mohd Zahidi bin Haji | ||||
Zainuddin (Retired) | 100,00 | 100,00 | - | 200,00 |
Dato Sri Mahmud Abu Bekir Taib | 1,000,00 | - | - | 1,000,00 |
Dato Sri Sulaiman Abdul Rahman | ||||
b Abdul Taib | 6,790,40 | - | - | 6,790,40 |
Umang Nangku Jabu | 200,00 | - | - | 200,00 |
Indirect interest:
Dato Sri Mahmud Abu Bekir Taib* 3,407,10 - - 3,407,10
* Deemed interest pursuant to Section 59(11)(c) of the Companies Act 2016.
Number of options over ordinary sharesAt 1.1.202 | Granted | Exercised At 31.12.202 | |
Dato Sri Sulaiman Abdul Rahman b Abdul Taib | 1,500,00 | - | - 1,500,00 |
The other directors in office at the end of the financial year had no interest in shares and options over ordinary shares in the Company or its related corporations during and at the end of the financial year.
Indemnification of directors and officers
During the financial year, Cahya Mata Sarawak Berhad and its subsidiaries maintained a directors and officers liability insurance in accordance with Section 289 of the Companies Act 2016, which provide appropriate insurance cover for the directors andceorfsfiof the Group. The total insured limit for the directors' and officers' liabilities insurance effected for the directors and officers of the Group is RM50,000,000 in aggregate and the amount of insurance premium paid by the Group was RM180,000. The directors and officers shall not be indemnified by such insurance for any deliberate negligence, fraud, intentional breach of law or breach of trust proven against them.
12
Cahya Mata Sarawak Berhad
Registration No: 197401003655 (21-0T7)6
Cahya Mata Sarawak Berhad (Incorporated in Malaysia)
Directors' Report
Our Performance | THE FINANCIALS
DIRECTORS' REPORT
Other statutory information
Before the statements opfrofit or loss and other comprehensive income and statements of financial position of the Group and of the Company were made out, the directors took reasonable steps:
to ascertain that proper action had been taken in relation to the writing offdoebf tbsaadnd
the making of allowance for doubtful debts and satisfied themselves that there were no known bad debts and that adequate allowance had been made for doubtful debts; and
to ensure that any current assets which were unlikely to realise their values as shown in the accounting records in the ordinary course of business had been written down to an amount which they might be expected so to realise.
At the date of this report, the directors are not aware of any circumstances:
which would render intecessary to write off any bad debts or the amount of allowance for doubtful debts in the financial statements of the Group and of the Company inadequate to any substantial extent; or
which would render the values attributed to the current assets in the financial statements of the Group and of the Company misleading; or
which have arisen which would render adherence to the existing method of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate; and
not otherwise dealt with in this report or financial statements of the Group and of the Company which would render any amount stated in the financial statements misleading.
As at the date of this report, there does not exist:
any charge on the assets of the Groupofotrhe Company which has arisen since the end of the financial year which secures the liabilities of any other person; and
any contingent liability of the Group or of the Company which has arisen since the end of the financial year.
no contingent or other liability has become enforceable or is likely to become enforceable
within the period of twelve months after the end of the financial year which will or may substantially affect the ability of the Group or of the Company to meet their obligations as and when they fall due; or
(i)
Other statutory information (cont'd.)
(d) In the opinion of the directors:
Chapter 2: THE FINANCIALS
DIRECTORS' REPORT
Registration No: 197401003655 (21-0T7) 6
Cahya Mata Sarawak Berhad (Incorporated in Malaysia)
Directors' Report
the results of the operations of the Group and of the Company during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature; and
no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial year and the date of this report which is likely to affect substantially the results of the operations of the Group or of the Comfopratnhye financial
year in which this report is made.
Subsequent event
Details of the subsequent event are disclosed in Note 45 to the financial statements.
Auditors
The auditors, Ernst & Young PLT, have expressed their willingness to continue in office. The auditors' remunerations for the financial year ended 31 December 2025 is as follows:
Group RM'000 | Company RM'000 | |
Ernst & Young PLT | 1,27 | 368 |
Member firm of Ernst & YoungGlobal Limited | 32 | - |
Other firms 607 -
1,91 368
Signed on behalf of the Board in accordance with a resolution of the directors dated 7 April 2026.
General Dato' Seri DiRaja Tan Sri (Dr.) Dato Sri Sulaiman Abdul Rahman Mohd Zahidi bin Haji Zainuddin (Retired) b Abdul Taib
- 7 -
14
Cahya Mata Sarawak Berhad
Registration No: 197401003655 (21-0T7)6
Cahya Mata Sarawak Berhad (Incorporated in Malaysia)
Statement by Directorspursuant to Section 251(2) of the Companies Act 2016
We,General Dato' Seri DiRaja Tan Sri (Dr.) Mohd Zahidi bin Haji Zainuddin (Retired) andDato
Sri Sulaiman Abdul Rahman b Abdul Taib, being two of thedirectors ofCahya Mata Sarawak Berhad, do hereby state that, in the opinion of the directors, the accompanying financial statements set out on pages t2o3 162 are drawn up in accordance with MFRS Accounting Standards, IFRS Accounting Standards and the requirements of the Companies Act 2016 in Malaysia so as to give a true and fair view of the financial position of the Group and of the Company as at 31 December 2025 and ofrtfhieniancial performance and threciash flows for the
year then ended.
Our Performance | THE FINANCIALS
STATEMENT BY DIRECTORS
PURSUANT TO SECTION 251(2) OF THE COMPANIES ACT 2016
Signed on behalf of the Board in accordance with a resolution of the directors dated 7 April 2026.
General Dato' Seri DiRaja Tan Sri (Dr.) Dato Sri Sulaiman Abdul Rahman Mohd Zahidi bin Haji Zainuddin (Retired) b Abdul Taib
STATUTORY DECLAR ATION
PURSUANT TO SECTION 251(1)(B) OF THE COMPANIES ACT 2016
I, Azhar bin Othman, being the officer primarily responsible for the financial managemeCntahoyfa Mata Sarawak Berhad, do solemnly and sincerely declare that the accompanying financial statements set out on pag2e3sto 162 are in my opinion correct, and I make this solemn declaration
conscientiously believing the same to be true and by virtue of the provisions of the Statutory Declarations Act, 1960.
Subscribed and solemnly declared by the abovenamedAzhar bin Othman
at Kuala Lumpur in the Federal Territory
on 7 April 2026 Azhar bin Othman
(MIA 39092)
GroupChief Financial Officer
Before me,
Chapter 2: THE FINANCIALS
Registration No: 197401003655 (21-0T7)6
Independent Auditors' Report to the Members of Cahya Mata Sarawak Berhad
(Incorporated in Malaysia)
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS OF CAHYA MATA SARAWAK BERHAD
(INCORPORATED IN MALAYSIA)
Report on the auditof the financial statements
Opinion
Wehave audited thefinancial statementosf Cahya Mata Sarawak Berhad, which comprise the statements offinancial position as at 31December 2025 otfhe Group and of the Company, and statements opf rofit or loss and other comprehensive income, statements of changes in equity and statements ocfash flowsof the Group and of the Company ftohre yearthenended,and notes to the financial statements, including materiaaclcounting policyinformation, assetout on pages23 to 162.
In ouropinion, the accompanyinfginancial statementsgive a true and fairview ofthefinancial
position of the Gorupand ofthe Companyas at 31 December 2025, anodf their financial performance and theircash flows for the year then ended ianccordancewith MFRS Accounting Standards, IFRS Accounting Standards and the requirementtshoefCompanies Act2016in Malaysia.
Basis for opinion
Weconducted ouraudit in accordancewith approved standards on audit ingMalaysia and InternationalStandards on Auditing. Ourresponsibilitiesunder those standadrs are furtherdescribed in the Auditors' responsibilities for the auditof the financial statements section ofour report. We believe thatthe audit evidence we havoebtainedis sufficient and approprieato provdi ea basis for our audit opinion.
Emphasis of matter
Wedraw attentoin to Note 38(a) to thefinancial statements, which describehsetuncertainty relaetd to thefuture outcome ofhet arbitration withSyarikat SESCO Berhadin relation to the termination of powerpurchase agreement forhte integrated phosphate complex plantu.eDto thesignificanceof the matterand the potential financial effects tohfe arbitration onhte financial position ofthe Group, it is in ourjudgment thathte matteris of such importance that its ifundamental to usersu'nderstandingof thefinancial statements. Ouorpinion is not modifei din respectof this matter.
Independenceand other ethicalresponsibilities
Weare independenot f the Group andof the Companyin accordance with the By-Laws (on ProfessionalEthics, Conductand Practice)of the MalaysianInstitute ofAccountanst ("By -Laws") and the InternationaCl odeof Ethics forProfessionalAccountanst (including InternationaIlndependence Standards)("IESBA Code"), as applicable toaudits of financial statementosf public interestentities and we have fulfilled ouortherethical responsibilities in accordancweith the By-Laws and the IESBA Code.
Our Performance | THE FINANCIALS
Registration No: 197401003655 (21-0T7)6
Independent Auditors' Report to the Members of Cahya Mata Sarawak Berhad (cont'd.)
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS OF CAHYA MATA SARAWAK BERHAD
(INCORPORATED IN MALAYSIA)
Report on the audit of the financial statements (cont'd.)
Key audit matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the Group and of the Company for the current year. We have determined that there are no key audit matters to cuonmicmate in our report on the financial statements of the Company. The key audit matters for the audit of the financial statements of the Group are
described below. These matters were addressed in the context of our audit of the financial statements of theGroup as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. For each matter below, our description of how our audit addressed the matter is provided in that context.
We have fulfilled the responsibilities described in Athueditors' responsibilities for the audit of the
financial statementssection of our report, including in relation to these matters. Accordingly, our audit included the performance of procedures designed to respond to our assessment of the risks of material misstatement of the financial statements. The results of our aruodcietdpures, including the procedures performed to address the matters below, provide the basis of our audit opinion on the acicnogmpany financial statements.
Impairment assessment of property, plant and equipment
As disclosed in Note 13f)( to the financial statements, included in the property, plant and equipment of the Group as at 31 Decemb2e0r 25 is an Integrated Phosphate Complex Project (Phase 1) with a carrying amount of RM759,751,000.
As further disclosed in Note 3a8),( the power purchase agreement for the Integrated Phosphate Complex Project (Phase 1) was terminated resulting in a prolonged delay for the plant to achieve commercial production, indicating that the carrying amount of the related property, plant and
equipment maybe impaired. Accordingly, the Group estimated the recoverable amount of the property, plant and equipment using val-uine-use ("VIU") method. Estimating the VIU involves estimating the
future cash inflows and outfwlos that will be derived from the cash generating unit, and discounting them at an appropriate rate.
We identified this to be an area of audit focus given the significance of property, plant and equipment and the judgement and estimates involved in the estimation of the recoverable amount.
Chapter 2: THE FINANCIALS
Registration No: 197401003655 (21-0T7)6
Independent Auditors' Report to the Members of Cahya Mata Sarawak Berhad (cont'd.)
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS OF CAHYA MATA SARAWAK BERHAD (INCORPORATED IN MALAYSIA)
Report on the audit of the financial statements (cont'd.) Impairment assessment ofproperty, plant and equipment (cont'd.) Our procedures include the following:
Evaluated the key assumptions applied in respect of forecasted sales volume and selling prices, including and where relevant, comparing them against the plant production capacity reports, industry outlook and analyst reports, and market price forecasptasrperdeby independent market analysts respectively;
Evaluated the key assumptions applied in respect of raw material prices to quotation obtained from suppliers;
Assessed whether the discount rate used to determine the present value of the cash flows reflects the return that investors would require if they were to choose an investment that would generate cash flows of amounts, timing and risk profile equivalenthtoose that the entity expects to
derive from the asset; and
Assessed the adequacy of the disclosures of key assumptions to which the outcome of the impairment test is most sensitive. The disclosures on key assumptions and sensitivities are included in Note 13f)(.
Information other than the financial statements and auditors' report thereon
The directors of the Company are responsible for the other information. The other information comprises the Directors' Report, but does not include the financial statements of the Group and of the Company and our auditors' report thereon, which we obtapinrieodr to the date of this auditors' report,
and the annual report, which is expected to be made available to us after the date of this auditors' report.
Our opinion on the financial statements of the Group and of the Company does not cover the other information and we do not and will not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements of the Group and of the Company, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statemeonfttshe Group and of the Company or our
knowledge obtained in the audit or otherwise appears to be materially misstated.
Registration No: 197401003655 (21-0T7)6
Independent Auditors' Report to the Members of Cahya Mata Sarawak Berhad (cont'd.)
Report on the audit of the financial statement(scont'd.)
Information other than the financial statements and auditors' report thereon (cont'd.)
If, based on the work we have performed on the other information that we obtained prior to the date of this auditors' report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothtoinrgeport in this regard.
Our Performance | THE FINANCIALS
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS OF CAHYA MATA SARAWAK BERHAD
(INCORPORATED IN MALAYSIA)
When we read the annual report, if we conclude that there is a material misstatement therein, we are required to communicate the matter to the directors of the Company and take appropriate action.
Responsibilities of the directors for the financial statements
The directors of the Company are responsible for the preparation of financial statements of the Group and of the Company that give a true and fair view in accordance with MFRS Accounting Standards,
IFRS Accounting Standardsand the requirements of the Companies Act 2016 in Malaysia. The
directors are also responsible for such internal control as the directors determine is necessary to enable the preparation of financial statements of the Group and of the Company that farroemfrmeeaterial misstatement, whteher due to fraud or error.
In preparing the financial statements of the Group and of the Company, the directors are responsible for assessing the Group's and the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and ushineggtoing concern basis of accounting unless the directors either intend to liquidate the Group or the Company or to cease operations, or have no realistic alternative but to do so.
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements of the Group and of the Company as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our oopnin. iReasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with approved standards on auditing in Malaysia and International Standards on Auditing will always detect a material misstatement when itxiests. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Report on the audit of the financial statements (cont'd.)
Auditors' responsibilities for the audit of the financial statements (con' dt .)
As part of an audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing, we exercise professional judgement and maipntoraifnessional scepticism throughout the audit. We also:
Chapter 2: THE FINANCIALS
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS OF CAHYA MATA SARAWAK BERHAD (INCORPORATED IN MALAYSIA)
Registration No: 197401003655 (21-0T7)6
Independent Auditors' Report to the Members of Cahya Mata Sarawak Berhad (cont'd.)
Identify and assess the risks of material misstatement of the financial statements of the Group and of the Company, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficniednatpapropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, oretohverride of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's and the Company's intceorntarlol.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made bydtihrectors.
Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Grourpt'hs eoCompany's ability to
continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the financial statements of the Group and of the Company oifr,such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report.
However, future events or conditions may cause the Group or the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements of the Group and of the Company, including the disclosures, and whether the financial statements of the Group and of the Companryepresent the underlying transactions and events in a manner that achieves fair presentation.
Our Performance | THE FINANCIALS
Registration No: 197401003655 (21-0T7)6
Independent Auditors' Report to the Members of Cahya Mata Sarawak Berhad (cont'd.)
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS OF CAHYA MATA SARAWAK BERHAD
(INCORPORATED IN MALAYSIA)
Report on the audit of the financial statements (cont'd.)
Auditors' responsibilities for the audit of the financial statements (cont'd.)
Plan and perform the group audit to obtain sufficient appropriateeavuideitnce regarding the financial information of the entities or business units within the group as a basis for forming an opinion on the financial statements of the Group. We are responsible for the direction, supervision and review of the audit work permrfeod for purposes of the group audit. We remain solely responsible for our audit opinion.
We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide the directors with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independencweh, earnedapplicable, actions taken to eliminate threats or safeguards applied.
From the matters communicated with the directors, we determine those matters that were of most significance in the audit of the financial statements of the Group and of the Company for the current year and are therefore the key audit matters. We deschreibse tmatters in our auditors' report unless
law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of dnogiso would reasonably be expected to outweigh the public interest benefits of such communication.
Report on other legal and regulatory requirements
In accordance with the requirements of the Companies Act 2016 in Malaysia, we report that the subsidiaries of which we have not acted as auditors, is disclosed in Note 18 to the financial statements.
Other matters
This report is made solely to the members of the Company, as a bodaycc, oinrdance with Section 266
of the Companies Act 2016 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report.
Chapter 2: THE FINANCIALS
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS OF CAHYA MATA SARAWAK BERHAD (INCORPORATED IN MALAYSIA)
Registration No: 197401003655 (21-0T7)6
Independent Auditors' Report to the Members of Cahya Mata Sarawak Berhad (cont'd.)
Ernst & Young PLT Ng Yee Yee
20200600000(3LLP0022760-LCA) & AF 0039 No. 03176/05/202J7
Chartered Accountants Chartered Accountant
Kuala Lumpur, Malaysia 7 April 2026
Our Performance | THE FINANCIALS
Registration No: 197401003655 (21-0T7)6
Cahya Mata Sarawak Berhad
Statements of Profit or Loss and Other Comprehensive Income For the financial year ended 31 December 2025
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
Note | Group 2025 2024 RM'000 RM'000 | Company 2025 2024 RM'000 RM'000 | |||
Revenue | 4 | 1,109,4181,196,254 | 184,005 118,540 | ||
Cost of sales (799,929) (863,218 (19,698) (19,158) | |||||
Gross profit | 309,489 | 333,036 | 164,307 | 99,382 | |
Other income | 6 | 32,616 | 38,109 | 5,525 | 3,161 |
Administrative expenses | (158,640) | (141,047 | (53,708) | (52,171) | |
Selling expenses | (30,922) | (34,506) | - | - | |
Other expenses | (108,424) | (73,690) ( | 200,878) | (42,393) | |
Share of results of associates | 46,696 | 68,217 | - | - | |
Share of results of joint ventures | 24,642 | 21,386 | - | - | |
Profit/(loss)before interest and tax | 115,457 | 211,505 | (84,754) | 7,979 | |
Interest income | 5 | 11,086 | 6,477 | - | - |
Finance costs | 7 | (17,742) | (27,882) | (534) | (439) |
Profit/(loss)before tax | 8 | 108,801 | 190,100 | (85,288) | 7,540 |
Income tax (expense)/credit | 11 | (69,085) | (65,177) | (6,995) | 3,656 |
Profit/(loss)for the year | 39,716 | 124,923 | (92,283) | 11,196 | |
Other comprehensive(loss)/income | |||||
Other comprehensiv(eloss)/income that may be reclassified subsequently to profit or loss (net of tax): | |||||
Share ofother comprehensiv(eloss)/income of associates | (3,497) | 243 | - | - | |
Exchange differences on translation of foreign operations | (9,428) | (23,451) | - | - | |
Remeasurement of defined benefit liability | - | 279 | - | - | |
(12,925) (22,929) - -
t
Other comprehensiv(eloss)/income that will not be reclassified subsequently to profi or loss (net of tax):
(24,806) 3,618 (24,806) 3,618
Fair value changes of equity instrument designated at fair value through other comprehensive income
Total other comprehensive (loss)/incomfoer
the year, net of tax (37,731) (19,311) (24,806) 3,618
Total comprehensive incom/e(loss)for the
year, net of tax 1,985 105,612 (117,089) 14,814
Registration No: 197401003655 (21-0T7)6
Cahya Mata Sarawak Berhad
Statements of Profit or Loss and OtheCr omprehensive Income For the financial year ended 31 December 202(c5ont'd.)
Chapter 2: THE FINANCIALS
STATEMENTS OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
Note
Group
2025 2024
Company
2025 202
RM'000 RM'000 RM'000 | RM'000 | |||
Profit/(loss)attributable to: | ||||
Owners of the Company | 65,688 | 128,192 | (92,283) | 11,19 |
Non-controlling interests | (25,972) | (3,269) | - | - |
39,716 | 124,923 | (92,283) | 11,19 | |
Total comprehensive income/(loss) | ||||
attributable to: | ||||
Owners of the Company | 31,117 | 116,190 | (117,089) | 14,81 |
Non-controlling interests | (29,132) | (10,578) | - | - |
1,985 | 105,612 | (117,089) | 14,81 | |
Earnings per share attributable to owners of theCompany (sen per share): | |||||
Basic | 12 | 6.11 | 11.93 | ||
Diluted | 12 | 6.09 11.89 | |||
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Note | 2025 | 2024 | 2025 | 202 | |
RM'000 | RM'000 | RM'000 | RM'000 | ||
ASSETS | |||||
Non-current assets | |||||
Property, planat nd equipment | 13 | 1,490,644 | 1,402,178 | 12,924 | 15,33 |
Land held for property developme | 14(a) | 299,265 | 299,251 | - | - |
Investment properties | 15 | 44,834 | 45,854 | - | - |
Intangible assets | 16 | 759 | 947 | 469 | 608 |
Goodwill | 17 | 61,709 | 61,709 | - | - |
Investments insubsidiaries | 18 | - | - | 1,012,243 | 1,197,24 |
Investments in associates | 19 | 883,810 | 873,363 | 311,107 | 311,107 |
Investments in joint ventures | 20 | 341,119 | 351,204 | 68,540 | 68,54 |
Deferred tax assets | 21 | 23,421 | 23,512 | - | - |
Trade and other receivables | 24 | 4,373 | 4,399 | 210,831 | 36,101 |
Investment securities | 27 | 107,020 | 126,352 | 54,781 | 79,58 |
3,256,954 | 3,188,769 | 1,670,895 | 1,708,51 | ||
Current assets Property development costs | 14(b) | 3,250 | 4,025 | - | - |
Inventories | 22 | 322,069 | 380,001 | - | - |
Trade and othereceivables | 24 | 233,405 | 285,924 | 514,525 | 476,77 |
Other current assets | 25 | 67,735 | 30,519 | - | - |
Tax recoverable | 8,246 | 12,058 | 381 | 1,28 | |
Cash and bank balances | 28 | 750,836 | 647,456 | 407,081 | 395,43 |
1,385,541 | 1,359,983 | 921,987 | 873,50 | ||
Assetclassified asheld for sale | 29 | 1,107 | - | - | - |
1,386,648 | 1,359,983 | 921,987 | 873,50 | ||
TOTAL ASSETS | 4,643,602 | 4,548,752 | 2,592,882 | 2,582,02 | |
EQUITY AND LIABILITIES | |||||
Current liabilities | |||||
Income tax payable | 18,638 | 18,472 | - | - | |
Loans and borrowings | 30 | 143,335 | 117,426 | 10,000 | - |
Lease liabilities | 31 | 26,183 | 12,359 | 2,134 | 1,72 |
Trade and other payables | 32 | 646,958 | 565,054 | 823,547 | 668,80 |
Other current liabilities | 33 | 89 | - | - | - |
835,203 | 713,311 | 835,681 | 670,52 | ||
Net current assets | 551,445 | 646,672 | 86,306 | 202,98 |
Registration No: 197401003655 (210-7T6)
Cahya Mata Sarawak Berhad
Statements of Financial Position As at 31 December 2025
Company
Group
Our Performance | THE FINANCIALS
STATEMENTS OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
Non-current liabilities Deferred tax liabilities | 21 | 66,586 | 67,563 | 5,266 | 5,750 |
Loans and borrowings | 30 | 84,369 | 95,368 | - | - |
Lease liabilities | 31 | 56,281 | 33,176 | 6,389 | 7,714 |
Trade and other payables | 32 | 1,170 | 2,702 | - | - |
208,406 | 198,809 | 11,655 | 13,464 | ||
TOTAL LIABILITIES | 1,043,609 | 912,120 | 847,336 | 683,990 | |
Equity attributable to owners | |||||
of theCompany | |||||
Share capital | 34 | 869,071 | 868,669 | 869,071 | 868,669 |
Treasury shares | 34 | (352) | (352) | (352) | (352) |
Other reserves | 35 | (48,210) | (7,962) | 163,367 | 194,006 |
Retained earnings | 2,579,035 | 2,540,035 | 713,460 | 835,709 | |
3,399,544 | 3,400,390 | 1,745,546 | 1,898,032 | ||
Non-controlling interests | 200,449 | 236,242 | - | - | |
TOTAL EQUITY | 3,599,993 | 3,636,632 | 1,745,546 | 1,898,032 | |
TOTAL EQUITY AND | |||||
Registration No: 197401003655 (210-7T6)
Cahya Mata Sarawak Berhad
Statements of Financial Position As at 31 December 202(5cont'd.)
EQUITY AND LIABILITIES
(CONT'D.)
2024
RM'000
2025
RM'000
RM'000 RM'000
2024
Note
Company
Group 2025
Chapter 2: THE FINANCIALS
STATEMENTS OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
LIABILITIES 4,643,602 4,548,752 2,592,882 2,582,022
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
STATEMENTS OF CHANGES IN EQUITY
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
Our Performance | THE FINANCIALS
Financial Statements 2025
27
Attributable to owners of the Company
Group Note Total equity | Total | Share capital (Note 34) | Treasury shares (Note 34) | Other reserves (Note 35) | Retained earnings | Non-controlling interests | |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
At 1 January 2025 | 3,636,632 | 3,400,390 | 868,669 | (352) | (7,962 | 2,540,035 | 236,242 |
Profit/(loss) net of tax Other comprehensive (loss)/income, net of tax | 39,716 (37,731) | 65,688 (34,571) | - - | - - | - (34,610) | 65,688 39 | (25,972 (3,160 |
Total comprehensive income/(loss) | 1,985 | 31,117 | - | - | (34,610) | 65,727 (29,132 | |
Transactions with owners | |||||||
Share-based payments under ESOS | 276 | 276 | 402 | - | (5,833) | 5,707 - | |
Dividends paid to owners of the Compa | 44(a) | (32,239 | (32,239) | - | - | - | (32,239) - |
Dividends paid tonon-controlling interests | (6,661 | - | - | - - | - | (6,661 | |
Total transactions with owners | (38,624) | (31,963) | 402 | - (5,833) | (26,532) | (6,661 | |
Share of associates' movement in reserv | - | - | - | - | 195 | (195) | - |
At 31 December 2025 | 3,599,993 | 3,399,544 | 869,071 | (352) | (48,210) | 2,579,035 | 200,449 |
Chapter 2: THE FINANCIALS
28
Cahya Mata Sarawak Berhad
STATEMENTS OF CHANGES IN EQUITY
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
Attributable to owners of the CompanyGroup (cont'd.) | Note | Total equity | Total | Share capital (Note 34) | Treasury shares (Note 34) | Other reserves (Note 35) | Retained earnings | Non-controlling interests |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | ||
At 1 January 2024 | 3,547,715 | 3,300,862 | 867,902 | (352) | 1,267 | 2,432,045 | 246,853 | |
Profit/(loss) net of tax 124,923 Other comprehensive (loss)/income, | 128,192 | - | - | - | 128,192 | (3,269) | ||
net of tax (19,311) | (12,002) | - | - | (12,386) | 384 | (7,309) | ||
Total comprehensive income/(loss) 105,612 | 116,190 | - | - | (12,386) | 128,576 | (10,578) | ||
Transactions with owners | ||||||||
Share-based payments under ESOS | 4,822 | 4,822 | 767 | - | 3,029 | 1,026 | - | |
Dividends paid to owners of tCheompany | 44(a) | (21,484) | (21,484) | - | - | - | (21,484) | - |
Dividends paid to no-ncontrollinginterest | (33) | - | - | - | - | - | (33) | |
Total transactions with owners | (16,695) | (16,662) | 767 | - | 3,029 | (20,458) | (33) | |
Share of associates' movement in reser | - | - | - | - | 128 | (128) | - | |
At 31 December 2042 | 3,636,632 | 3,400,390 | 868,669 | (352) | (7,962) | 2,540,035 | 236,242 | |
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
STATEMENTS OF CHANGES IN EQUITY
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025
Company | Note | Total equity | Share capital (Note 34) | Treasury shares (Note 34) | Other reserves (Note 35) | Retained earnings |
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | ||
At 1 January 2025 | 1,898,032 | 868,669 | (352) | 194,006 | 835,709 | |
Loss net of tax | (92,283) | - | - | - | (92,283) | |
Other comprehensivloess, net of tax | (24,806) | - | - | (24,806) | - | |
Total comprehensiviencome/(loss) | (117,089) | - | - | (24,806) | (92,283) | |
Transactions with owners | ||||||
Share-basedpayments under ESOS | (3,158) | 402 | - | (5,833) | 2,273 | |
Dividends paid toowners of the Company | 44(a) | (32,239) | - | - | - | (32,239) |
Total transactions with owners | (35,397) | 402 | - | (5,833) | (29,966) | |
At 31 December 2025 | 1,745,546 | 869,071 | (352) | 163,367 | 713,460 | |
At 1 January 2024 | 1,899,880 | 867,902 | (352) | 187,359 | 844,971 | |
Profit net of tax | 11,196 | - | - | - | 11,196 | |
Other comprehensive income, net of tax | 3,618 | - | - | 3,618 | - | |
Total comprehensive income | 14,814 | - | - | 3,618 | 11,196 | |
Transactions with owners | ||||||
Share-basedpayments under ESOS | 4,822 | 767 | - | 3,029 | 1,026 | |
Dividends paid to owners of the Company | 44(a) | (21,484) | - | - | - | (21,484) |
Total transactions with owners | (16,662) | 767 | - | 3,029 | (20,458) | |
At 31 December 2024 | 1,898,032 | 868,669 | (352) | 194,006 | 835,709 |
Our Performance | THE FINANCIALS
Financial Statements 2025
29
The accompanying accounting policies aenxdplanatory notes form an integral part of the financial statements.
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CMSB - Cahya Mata Sarawak Berhad published this content on April 24, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 24, 2026 at 06:57 UTC.
