DailySpaceRGB International Bhd.
0037 · Main Market主板 · annual reports 2023 to 2025, 319 entries read2023 至 2025 年报，共读出 319 条
The company这家公司
RGB distributes electronic gaming machines and provides technical support and management across Asia, operating in Malaysia, the Philippines, Cambodia, Laos, Vietnam, Singapore, Macau and Timor-Leste. Sales and marketing together with technical support and management make up 99% of total revenue.RGB 在亚洲分销电子博彩机并提供技术支持与管理服务，业务遍及马来西亚、菲律宾、柬埔寨、老挝、越南、新加坡、澳门及东帝汶。销售与营销以及技术支持与管理合计占总营业额的 99%。
Sources (3)出处（3）
The Group’s revenue is mainly derived from sales and marketing (“SSM”) and technical support and management (“TSM”), which together constitute 99% of total revenue.
RGB has marked its presence in Malaysia and also operates in the Philippines, Cambodia, Laos, Vietnam, Singapore, Macau and Timor-Leste.
The Group’s revenue is mainly derived from sales and marketing (“SSM”) and technical support and management (“TSM”), which together constitute 99% of total revenue.
In 2024, sales and marketing contributed 84% of revenue and technical support and management 15%. In 2025, sales and marketing brought RM276,155,254, technical support and management RM69,534,813, engineering services RM2,213,920 and others RM896,498. By region, Southeast Asia outside Malaysia provided RM264,582,664 of revenue in 2025 (2024: RM705,022,645), Malaysia RM83,247,730 (2024: RM53,893,242) and other countries RM1,042,091 (2024: RM1,829,898).2024 年，销售与营销占营业额的 84%，技术支持与管理占 15%。2025 年，销售与营销贡献 RM276,155,254，技术支持与管理贡献 RM69,534,813，工程服务贡献 RM2,213,920，其他业务贡献 RM896,498。按地区划分，2025 年马来西亚以外的东南亚地区提供 RM264,582,664 营业额（2024 年：RM705,022,645），马来西亚提供 RM83,247,730（2024 年：RM53,893,242），其他国家提供 RM1,042,091（2024 年：RM1,829,898）。
Sources (8)出处（8）
In FY2024, we achieved a record revenue of RM760.7 million and profit before tax of RM101.0 million with majority of the revenue derived from our SSM division (84%), followed by our TSM division (15%).
- Sales and marketing 276,155,254 642,470,897
- Technical support and management 69,534,813 112,666,655
- Engineering services 2,213,920 2,404,477
- Others 896,498 3,131,756
Malaysia 83,247,730 53,893,242 9,936,737 9,392,346
Southeast Asia (excluding Malaysia) 264,582,664 705,022,645 68,041,506 76,411,470
Other countries 1,042,091 1,829,898 321,324 206,517
In 2024, Customer A accounted for RM289,796,431 and Customer B RM79,034,201 (2023: RM352,192,773). In 2025, Customer A contributed RM41,503,757. At end 2025, 18 customers accounted for approximately 98% of total trade receivables (2024: 15 customers, approximately 96%).2024 年，客户 A 占 RM289,796,431，客户 B 占 RM79,034,201（2023 年：RM352,192,773）。2025 年，客户 A 贡献 RM41,503,757。截至 2025 年底，18 名客户占贸易应收款项总额的约 98%（2024 年：15 名客户，约 96%）。
Sources (5)出处（5）
Customer A 352,192,773 *
Customer A 289,796,431 -
Customer B 79,034,201 352,192,773
Customer A 41,503,757 -
The Group has significant concentration of credit risk in the form of outstanding balance due from 18 customers (2024: 15 customers) representing approximately 98% (2024: 96%) of the total trade receivables at the end of the reporting period.
In the 2025 report, Dato' Seri Chuah Kim Seah held 466,667,373 shares directly (30.29%) and 5,504,342 shares indirectly (0.36%). In the 2025 list of the 30 largest securities accounts, CGS International Nominees held 29,053,300 shares (1.89%) in a pledged securities account for Datuk Tang Vee Mun; in the 2023 list, Affin Hwang Nominees held 18,429,000 shares (1.20%) in a pledged securities account for him. In the 2024 list, 10,200,000 shares (0.66%) stood in a pledged securities account for Lok Huey Ming.在 2025 年报中，Dato' Seri Chuah Kim Seah 直接持有 466,667,373 股（30.29%），间接持有 5,504,342 股（0.36%）。在 2025 年的前 30 大证券账户名单中，CGS International Nominees 在 Datuk Tang Vee Mun 的证券抵押账户中持有 29,053,300 股（1.89%）；在 2023 年的名单中，Affin Hwang Nominees 在其证券抵押账户中持有 18,429,000 股（1.20%）。在 2024 年的名单中，10,200,000 股（0.66%）置于 Lok Huey Ming 的证券抵押账户中。
Sources (4)出处（4）
8 AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. 18,429,000 1.20 PLEDGED SECURITIES ACCOUNT FOR TANG VEE MUN (DATUK)
10,200,000 0.66 PLEDGED SECURITIES ACCOUNT FOR LOK HUEY MING
Dato' Seri Chuah Kim Seah 466,667,373 30.29 5,504,342(b) 0.36
6 CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN BHD 29,053,300 1.89 PLEDGED SECURITIES ACCOUNT FOR TANG VEE MUN (DATUK) (MY4553)
Dato' Chuah Kim Chiew is the brother of Dato' Seri Chuah Kim Seah. Mr. Chuah Eng Hwa and Mr. Chuah Eng Meng are sons of Dato' Seri Chuah Kim Seah and brothers of Ms. Chuah Hui Jing, his daughter. Ms. Chuah Hui Jing joined one of the Group's key international suppliers; in light of her new role, she was redesignated as a Non-Independent Non-Executive Director on 9 April 2025. The Independent Non-Executive Chairman retired on 26 May 2023, and the 2023 and 2024 reports say the company has no Chairman and is looking for a suitable candidate.Dato' Chuah Kim Chiew 是 Dato' Seri Chuah Kim Seah 的兄弟。Mr. Chuah Eng Hwa 与 Mr. Chuah Eng Meng 是 Dato' Seri Chuah Kim Seah 的儿子，也是其女儿 Ms. Chuah Hui Jing 的兄弟。Ms. Chuah Hui Jing 加入了集团一家主要国际供应商；因应这一新职务，她于 2025 年 4 月 9 日调任为非独立非执行董事。独立非执行主席于 2023 年 5 月 26 日退休，2023 年与 2024 年年报均表示公司没有主席，正在物色合适人选。
Sources (9)出处（9）
Dato’ Chuah Kim Chiew is the brother of Dato’ Seri Chuah Kim Seah while Mr. Chuah Eng Hwa is the son of Dato’ Seri Chuah Kim Seah and the brother of Ms. Chuah Hui Jing.
Dato’ Seri Mahinder Singh Dulku, who retired as Independent Non-Executive Chairman of the Company on 26 May 2023
At present, the Company does not have a Chairman and is endeavouring to identify a suitable candidate to be appointed as the Chairman.
Dato’ Chuah Kim Chiew is the brother of Dato’ Seri Chuah Kim Seah while Mr. Chuah Eng Hwa and Mr. Chuah Eng Meng are the sons of Dato’ Seri Chuah Kim Seah and the brothers of Ms. Chuah Hui Jing.
At present, the Company does not have a Chairman and is endeavouring to identify a suitable candidate to be appointed as the Chairman.
She was invited and joined one of the Group's key international suppliers where she assists with the formulation and execution of strategic initiatives across both land-based and digital channels.
In light of her new role, she was redesignated as a Non-Independent Non-Executive Director of the Company on 9 April 2025.
Ms. Chuah Hui Jing is the daughter of Dato’ Seri Chuah Kim Seah.
Mr. Chuah Eng Hwa and Mr. Chuah Eng Meng are the sons of Dato’ Seri Chuah Kim Seah and the brothers of Ms. Chuah Hui Jing.
Revenue by region, 20252025 年按地区划分营业额
Sources (3)出处（3）
Malaysia 83,247,730 53,893,242 9,936,737 9,392,346
Southeast Asia (excluding Malaysia) 264,582,664 705,022,645 68,041,506 76,411,470
Other countries 1,042,091 1,829,898 321,324 206,517
Major events大事记
Sources (1)出处（1）
Included in property, plant and equipment written off in previous financial year was an amount of RM5,887,760 in relation to a fire incident which happened at two (2) of the Group's technical support and management outlets in Cambodia on 28 December 2022.
Sources (2)出处（2）
* On 5 January 2023, RGB Pte. Ltd. had incorporated a new branch in Cambodia.
On 8 June 2023, the Company incorporated a wholly-owned subsidiary known as RGB International Ltd. ("RGBIL") with an initial issued and paid-up capital of USD1,000 (equivalent to RM4,594).
Sources (2)出处（2）
Dato’ Seri Mahinder Singh Dulku, who retired as Independent Non-Executive Chairman of the Company on 26 May 2023
Ms. Lung Sai Mei and Ms. Chuah Hui Jing were appointed to the Board as Independent Non-Executive Director and Non-Independent Non-Executive Director on 1 March 2024 and 24 August 2023 respectively.
Sources (4)出处（4）
On 24 June 2024, a wholly-owned subsidiary of the Company, RGBM, had entered into a Purchase Contract with a customer, Phillippine Amusement and Gaming Corporation (“PAGCOR”), for the procurement of supply and delivery of slot machine equipment for Casino Filipino Branches of PAGCOR.
The Purchase Contract involves supplying of 1,968 electronic gaming machines with their related accessories, LED signage and displays to Casino Filipino Branches of PAGCOR.
The Purchase Contract has been completed during the financial year.
On 1 July 2023, the Company disposed 100% of its equity interest in RGB (Macau) Limited ("RGBM") to RGBIL, for a total cash consideration of RM16,878,500, resulting in a gain of disposal of RM2,106,826 in the statement of profit or loss and other comprehensive income of the Company.
Sources (2)出处（2）
On 8 August 2024, a wholly-owned subsidiary of the Company, RGBM, had entered into a Business Agreement with a business partner, FIRM 614 Co., Ltd. to assist in importing, selling and distributing all kinds of gaming equipment and/or commercial gaming software to gaming operators licensed by the Commercial Gambling Management Commission of Cambodia.
On 1 July 2023, the Company disposed 100% of its equity interest in RGB (Macau) Limited ("RGBM") to RGBIL, for a total cash consideration of RM16,878,500, resulting in a gain of disposal of RM2,106,826 in the statement of profit or loss and other comprehensive income of the Company.
Sources (2)出处（2）
A wholly-owned subsidiary of the Company, RGBSB, and its director have been involved in an investigation conducted by MACC on sales of gaming machines in Malaysia.
The investigation has been completed during the financial year with no further action.
Sources (2)出处（2）
On 31 January 2025, the Company incorporated a wholly owned subsidiary known as RGB Digital Ltd. (“RGBDL”) at Thailand with an initial issued and paid-up capital of THB2,000,000 (equivalent to RM261,500).
(1) On 3 October 2025, RGBL had incorporated a new branch in Cambodia
Sources (3)出处（3）
In light of her new role, she was re-designated as a Non-Independent Non-Executive Director of the Company on 9 April 2025.
In light of her new role, she was redesignated as a Non-Independent Non-Executive Director of the Company on 9 April 2025.
On 26 September 2025, Nex Gen, a wholly-owned subsidiary of RGBM, was deregistered with the Hong Kong Companies Registry.
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, liabilities and equity资产、负债与权益
20232023 年
In 2023, net cash from operating activities was RM123,807,436. Purchase of property, plant and equipment was RM34,087,589; the report puts capital expenditure at RM34.2 million, of which RM30.6 million went to upgrade gaming machines in existing technical support and management outlets. Dividends paid were RM10,785,972, and the group had zero borrowing. Impairment losses on trade receivables were RM37,138,270. The group recovered RM5,780,604 in insurance compensation for property, plant and equipment lost in a fire at two outlets in Cambodia. Cash and bank balances ended at RM148,935,386, and investments in funds were RM19,010,352.2023 年，营运活动所得现金净额为 RM123,807,436。购置物业、厂房及设备为 RM34,087,589；年报所列资本支出为 RM34.2 million，其中 RM30.6 million 用于升级现有技术支持与管理网点的博彩机。已付股息为 RM10,785,972，集团借款为零。贸易应收款项减值损失为 RM37,138,270。集团就柬埔寨两个网点火灾中损失的物业、厂房及设备收回保险赔偿 RM5,780,604。期末现金与银行结余为 RM148,935,386，基金投资为 RM19,010,352。
Sources (7)出处（7）
In addition, despite having zero borrowing in 2023, the Group continues to maintain available banking facilities at a reasonable level.
The Group’s CAPEX increased from RM28.2 million in 2022 to RM34.2 million in 2023, of which RM30.6 million was allocated to upgrade the current EGM in existing TSM outlets.
(i) impairment losses on trade receivables of the Group of RM37,138,270;
These property, plant and equipment were fully insured and the Group had a full recovery from the insurance compensation amounted to RM5,780,604 during the financial year as disclosed in Note 6 to the financial statements.
148,935,386 76,168,198 3,871,265 1,002,676
Investments in funds 19,010,352 2,000,000
Included in property, plant and equipment written off in previous financial year was an amount of RM5,887,760 in relation to a fire incident which happened at two (2) of the Group's technical support and management outlets in Cambodia on 28 December 2022.
20242024 年
In 2024, net cash from operating activities was RM68,731,183. Purchase of property, plant and equipment fell to RM17,428,693; the report puts capital expenditure at RM17.4 million, of which RM13.7 million went to upgrade gaming machines. Dividends paid rose to RM67,797,510, and borrowings remained at zero. Trade receivables rose to RM348,359,996 from RM45,531,011. Non-current trade receivables rose to RM210,713,909 from RM1,990,120. Trade payables included RM151,692,553 payable by interest-free monthly instalments and RM98,187,451 payable by monthly instalments bearing interest at 8.125% per annum. Accruals included RM16,242,325 payable to a consultant. Cash and bank balances closed at RM130,808,247.2024 年，营运活动所得现金净额为 RM68,731,183。购置物业、厂房及设备降至 RM17,428,693；年报所列资本支出为 RM17.4 million，其中 RM13.7 million 用于升级博彩机。已付股息增至 RM67,797,510，借款保持为零。贸易应收款项由 RM45,531,011 增至 RM348,359,996。非流动贸易应收款项由 RM1,990,120 增至 RM210,713,909。贸易应付款项中包括按月免息分期支付的 RM151,692,553，以及按月分期支付、年利率 8.125% 的 RM98,187,451。应计费用中包括应付一名顾问的 RM16,242,325。现金与银行结余收于 RM130,808,247。
Sources (10)出处（10）
In addition, despite having zero borrowing in 2024, the Group continues to maintain available banking facilities at a reasonable level.
The Group’s CAPEX decreased from RM34.1 million in 2023 to RM17.4 million in 2024, of which RM13.7 million was allocated to upgrade the current EGMs in existing TSM outlets.
Trade receivables 348,359,996 45,531,011
- Non-current 210,713,909 1,990,120
130,808,247 148,935,386 1,033,337 3,871,265
151,692,553 19,627,708
(e) Trade payable which will be paid by monthly instalments and borne interest at 8.125% per annum is as follows:
98,187,451 -
(b) Included in accruals is an amount of RM16,242,325 (2023: RM Nil) payable to a consultant pursuant to a consultancy agreement for the provision of technical and/or legal advice to the Group.
(d) Trade payables which will be paid by monthly instalments and interest-free are as follows:
20252025 年
In 2025, net cash from operating activities fell to RM45,063,429. Purchase of property, plant and equipment was RM8,558,960; the report puts capital expenditure at RM8.6 million, of which RM6.1 million went to upgrade gaming machines. Dividends paid were RM27,735,353, and borrowings remained zero. Cash and bank balances fell to RM98,484,925. The report says the decrease in deposits was mainly due to placements in money market funds. Other investments were RM39,961,025. Goods stored at overseas warehouses rose to RM123,848,741 (2024: RM12,059,384), and trade payables included the same amount owed to suppliers for those goods. The trade payable bearing 8.125% interest fell to RM59,584,898. Accruals included RM11,722,507 of consultation fees.2025 年，营运活动所得现金净额降至 RM45,063,429。购置物业、厂房及设备为 RM8,558,960；年报所列资本支出为 RM8.6 million，其中 RM6.1 million 用于升级博彩机。已付股息为 RM27,735,353，借款保持为零。现金与银行结余降至 RM98,484,925。年报表示，存款减少主要是因为存放于货币市场基金。其他投资为 RM39,961,025。存放于海外仓库的货物升至 RM123,848,741（2024 年：RM12,059,384），贸易应付款项中包括就这些货物应付供应商的同额款项。年利率 8.125% 的贸易应付款项降至 RM59,584,898。应计费用中包括 RM11,722,507 的顾问费。
Sources (9)出处（9）
In addition, despite having zero borrowing in 2025, the Group continues to maintain available banking facilities at a reasonable level.
The decrease in deposit was mainly due to placement of money market funds during the year.
The Group’s CAPEX decreased from RM17.4 million in 2024 to RM8.6 million in 2025, of which RM6.1 million was allocated to upgrade the current EGMs in existing TSM outlets.
(c) Included in inventories of the Group are goods amounting to RM123,848,741 (2024: RM12,059,384) stored at overseas warehouses for distribution purposes as at the end of the reporting period.
98,484,925 130,808,247 12,833,422 1,033,337
(c) Included in trade payables of the Group is an amount of RM123,848,741 (2024: RM12,059,384) payables to the suppliers in respect of the inventories stored at overseas warehouses as at the end of the reporting period as disclosed in Note 12 to the financial statements.
(e) Trade payable which will be paid by monthly instalments and borne interest at 8.125% (2024: 8.125%) per annum is as follows:
59,584,898 98,187,451
(a) Included in accruals is an amount of RM11,722,507 (2024: RM16,242,325) in respect of consultation fees for the provision of technical and/or legal advice to the Group.
Across the three years三年合看
Across the three years, the group had zero borrowings and kept banking facilities available. Cash and bank balances stood at RM148,935,386 in 2023, RM130,808,247 in 2024 and RM98,484,925 in 2025. Deposits pledged for banking facilities were RM5,429,039, RM5,575,221 and RM5,726,577. Cash held in trust by an associate was RM2,747,454 in 2023, RM6,022,366 in 2024 and RM6,174,839 in 2025. Dividends paid were RM10,785,972, RM67,797,510 and RM27,735,353. The company held 7,393,000 treasury shares at the end of each year (cost RM1,198,144 in the 2023 report). No proceeds were raised from corporate proposals.三年合看，集团借款为零，并保留可用的银行融资额度。现金与银行结余在 2023 年为 RM148,935,386、2024 年为 RM130,808,247、2025 年为 RM98,484,925。抵押给银行作为融资担保的存款分别为 RM5,429,039、RM5,575,221 与 RM5,726,577。由联营公司信托持有的现金在 2023 年为 RM2,747,454、2024 年为 RM6,022,366、2025 年为 RM6,174,839。已付股息分别为 RM10,785,972、RM67,797,510 及 RM27,735,353。公司每年年底均持有 7,393,000 股库存股（2023 年报所列成本为 RM1,198,144）。未从企业方案中筹集资金。
Sources (15)出处（15）
In addition, despite having zero borrowing in 2023, the Group continues to maintain available banking facilities at a reasonable level.
As at 31 December 2023, a total of 7,393,000 treasury shares at a total cost of RM1,198,144 are held by the Company.
Included in deposits with licensed banks of the Group are amounts of RM5,429,039 (2022: RM5,322,301) pledged to licensed banks as security for the secured banking facilities of the Group.
There were no proceeds raised from any corporate proposals during the financial year.
In addition, despite having zero borrowing in 2024, the Group continues to maintain available banking facilities at a reasonable level.
As at 31 December 2024, the Company held 7,393,000 treasury shares out of the total 1,548,245,697 issued and fully paid ordinary shares.
(c) Included in deposits with licensed banks of the Group are amounts of RM5,575,221 (2023: RM5,429,039) pledged to licensed banks as security for the secured banking facilities of the Group.
(d) Included in cash in hands and at banks of the Group is an amount of RM6,022,366 (2023: RM2,747,454) held in trust by an associate.
There were no proceeds raised from any corporate proposals during the financial year.
In addition, despite having zero borrowing in 2025, the Group continues to maintain available banking facilities at a reasonable level.
As at 31 December 2025, the Company held 7,393,000 treasury shares out of the total 1,548,245,697 issued and fully paid ordinary shares.
98,484,925 130,808,247 12,833,422 1,033,337
(b) Included in deposits with licensed banks of the Group is an amount of RM5,726,577 (2024: RM5,575,221) which pledged to licensed banks as security for the secured banking facilities of the Group.
(d) Included in cash in hands and at banks of the Group is an amount of RM6,174,839 (2024: RM6,022,366) which held in trust by an associate.
There were no proceeds raised from any corporate proposals during the financial year.
Still to be spent尚未支出的承诺
Capital commitments were RM34,160,000 at end 2023, of which RM30,794,000 was approved but not contracted for and RM3,366,000 contracted but not provided for. They were RM12,370,000 at end 2024, including RM11,650,000 approved but not contracted for gaming machines. At end 2025 they were RM5,100,000, including RM2,260,000 approved but not contracted for gaming machines and RM2,470,000 contracted for gaming machines (2024: nil). No corporate proposal proceeds remained to be spent.资本承诺在 2023 年底为 RM34,160,000，其中已批准但未签约 RM30,794,000，已签约但未拨备 RM3,366,000。2024 年底为 RM12,370,000，其中包括已批准但未签约的博彩机 RM11,650,000。2025 年底为 RM5,100,000，其中包括已批准但未签约的博彩机 RM2,260,000，以及已签约的博彩机 RM2,470,000（2024 年：无）。没有尚未动用的企业方案募集资金。
Sources (11)出处（11）
Approved but not contracted for 30,794,000 10,060,000
Contracted but not provided for 3,366,000 18,110,000
34,160,000 28,170,000
There were no proceeds raised from any corporate proposals during the financial year.
- Gaming machines 11,650,000 30,585,544
12,370,000 34,160,000
There were no proceeds raised from any corporate proposals during the financial year.
- Gaming machines 2,260,000 11,650,000
- Gaming machines 2,470,000 -
5,100,000 12,370,000
There were no proceeds raised from any corporate proposals during the financial year.
Four years of figures四年数字
Group figures, in RM, as printed in the statements.集团数字，单位令吉，照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 272,543,152 | 699,302,319 | 760,745,785 | 348,872,485 |
| Profit before tax税前盈利 | 8,714,928 | 32,789,738 | 100,991,980 | 43,110,130 |
| Profit for the financial year年度盈利 | 3,821,767 | 21,211,141 | 91,009,696 | 36,810,747 |
| Net cash from operating activities营运活动所得现金净额 | 74,609,757 | 123,807,436 | 68,731,183 | 45,063,429 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (13,471,675) | (34,087,589) | (17,428,693) | (8,558,960) |
| Dividends paid已付股息 | 0 | (10,785,972) | (67,797,510) | (27,735,353) |
| Total assets总资产 | 465,232,923 | 436,148,987 | 679,513,228 | 708,698,014 |
| Total liabilities总负债 | 206,424,776 | 165,529,638 | 384,583,008 | 432,716,589 |
| Total equity总权益 | 258,808,147 | 270,619,349 | 294,930,220 | 275,981,425 |
| Cash and bank balances现金与银行结余 | 76,168,198 | 148,935,386 | 130,808,247 | 98,484,925 |
| Other investments其他投资 | 2,000,000 | 19,010,352 | 18,285,375 | 39,961,025 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Identifying a suitable candidate to be appointed as Chairman (2023)寻找合适的主席人选（2023） | The 2024 report repeated that the company did not have a Chairman and was endeavouring to identify a candidate.2024 年年报再次表示公司没有主席，正物色人选。Sources (2)出处（2）At present, the Company does not have a Chairman and is endeavouring to identify a suitable candidate to be appointed as the Chairman. At present, the Company does not have a Chairman and is endeavouring to identify a suitable candidate to be appointed as the Chairman. | No Chairman named in the 2024 report2024 年报仍未委任主席 |
| Exploring over the long term the establishment of a formal dividend policy (2023)长期探索建立正式的股息政策（2023） | The 2024 and 2025 reports repeated that the Board continues to explore the establishment of a formal dividend policy.2024 和 2025 年年报再次表示董事会继续探索建立正式的股息政策。Sources (3)出处（3）The Board continues to explore, over the long term, the establishment of a formal dividend policy, keeping in mind the requisite investments needed to execute our expansion plans, especially in the growing market like the Philippines. The Board continues to explore, over the long term, the establishment of a formal dividend policy, keeping in mind the requisite investments needed to execute our expansion plans, especially in the growing market like the Philippines and Cambodia. The Board continues to explore, over the long term, the establishment of a formal dividend policy, keeping in mind the requisite investments needed to execute our expansion plans, especially in the growing market like the Philippines and Cambodia. | Still exploring仍在探索 |
| Strategically expanding its presence in Cambodia (2024)在战略上扩大在柬埔寨的业务（2024） | RGBL incorporated a new branch in Cambodia on 3 October 2025. Certain technical support and management outlets in Cambodia were temporarily closed from the beginning of June 2025.RGBL 于 2025 年 10 月 3 日在柬埔寨设立了新分行。柬埔寨部分技术支持与管理网点自 2025 年 6 月初起暂停营业。Sources (3)出处（3）Additionally, the Group is strategically expanding its presence in Cambodia. (1) On 3 October 2025, RGBL had incorporated a new branch in Cambodia This was mainly attributable to weaker performance at several key TSM outlets driven by adverse weather conditions, high jackpot payouts and temporary closure of certain TSM outlets in Cambodia since beginning of June 2025. | New branch in 2025; some outlets temporarily closed2025 年设立新分行；部分网点暂停营业 |
| Expected to achieve a satisfactory performance in 2025 barring unforeseen circumstances (2024)在无不可预见情况下预期 2025 年取得令人满意的表现（2024） | Revenue fell by RM411.8 million to RM348.9 million and sales volume was below the annual target.营业额减少 RM411.8 million 至 RM348.9 million，且销量低于年度目标。Sources (3)出处（3）Barring unforeseen circumstances, the Group expects to achieve a satisfactory performance in 2025. The Group recorded revenue of RM348.9 million in 2025, a decrease of RM411.8 million as compared to RM760.7 million in the previous year mainly due to a delivery of bulk order in 2024 and the decline in TSM operations following the unfavourable market conditions in certain regions as well as the postponement of a few projects from 2025 to 2026. While sales volume was below the annual target, management remained focused on operational efficiency, customer engagement, and prudent cost management to sustain overall performance. | Revenue fell; sales volume below the annual target营业额下降；销量低于年度目标 |
What the reports leave open年报留下待看的事
- Certain technical support and management outlets in Cambodia have been temporarily closed since the beginning of June 2025. An impairment loss of RM416,261 was recognised on gaming machines due to the temporary closure of certain gaming outlets.柬埔寨部分技术支持与管理网点自 2025 年 6 月初起暂停营业。由于部分博彩网点暂停营业，集团就博彩机确认减值损失 RM416,261。
Sources (2)出处（2）
This was mainly attributable to weaker performance at several key TSM outlets driven by adverse weather conditions, high jackpot payouts and temporary closure of certain TSM outlets in Cambodia since beginning of June 2025.
(c) During the financial year, an impairment loss of RM416,261 (2024: RM Nil) was recognised under other operating income/(expenses), net within the Group’s statements of comprehensive income in respect of the gaming machines, due to the temporary closure of certain gaming outlets.
- Revenue expected to be recognised in future on performance obligations unsatisfied at year end was RM41,840,988 at end 2025, against RM62,359,737 at end 2024. The report says a few projects were postponed from 2025 to 2026.截至 2025 年底，未履行履约义务中预期未来确认的营业额为 RM41,840,988，2024 年底为 RM62,359,737。年报表示，有数个项目由 2025 年推迟至 2026 年。
Sources (3)出处（3）
The Group recorded a decline in performance for the FYE 31 December 2025, primarily attributable to the lower volume of orders in 2025 and postponement of a few projects from 2025 to 2026.
41,840,988 62,359,737
(b) Revenue expected to be recognised in the future relating to performance obligations that are unsatisfied at the end of the reporting period, are as follows:
- Inventories stored at overseas warehouses for distribution rose to RM123,848,741 at end 2025 (2024: RM12,059,384), matched by the same RM123,848,741 payable to suppliers.截至 2025 年底，存放于海外仓库用于分销的存货增至 RM123,848,741（2024 年：RM12,059,384），对应同额 RM123,848,741 的应付供应商款项。
Sources (2)出处（2）
(c) Included in inventories of the Group are goods amounting to RM123,848,741 (2024: RM12,059,384) stored at overseas warehouses for distribution purposes as at the end of the reporting period.
(c) Included in trade payables of the Group is an amount of RM123,848,741 (2024: RM12,059,384) payables to the suppliers in respect of the inventories stored at overseas warehouses as at the end of the reporting period as disclosed in Note 12 to the financial statements.
- PAGCOR's Electronic Game Licensing Department approved applications by RGB Ltd (Philippines Branch) for a Game Aggregator License and a Game Content Provider License; the 2025 report lists this as business diversification.PAGCOR 电子游戏牌照部门批准了 RGB Ltd（菲律宾分行）申请的游戏聚合商牌照与游戏内容提供商牌照；2025 年报将此列为业务多元化。
Sources (1)出处（1）
• business diversification at RGB Ltd (Philippines Branch) where the application for Game Aggregator License and Game Content Provider License had been approved by the Electronic Game Licensing Department of Philippine Amusement and Gaming Corporation (“PAGGOR”); and
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-16.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-16。