DailySpaceGFM Services Berhad
0039 · Main Market主板（Main Market） · annual reports 2023 to 2025, 419 entries read2023 至 2025 年报，共读出 419 条
The company这家公司
GFM Services Berhad provides facilities management, concession arrangements, oil and gas facilities maintenance, and rest and service area developments, with all operations carried out in Malaysia.GFM Services Berhad 提供设施管理、特许经营安排、石油与天然气设施维护以及高速公路休息站开发服务，所有业务均在马来西亚开展。
Source: annual report 2023, page 157; annual report 2024, page 177; annual report 2025, page 178.出处：2023 年年报第 157 页；2024 年年报第 177 页；2025 年年报第 178 页。
In 2025, the facilities management segment recorded revenue of RM97.0 million, the energy division contributed RM83.2 million representing 40.0% of group revenue, and the concession arrangements segment contributed RM28.2 million.2025 年，设施管理部门录得 RM97.0 million 营业额，能源部门贡献 RM83.2 million 占集团营业额的 40.0%，特许经营安排部门贡献 RM28.2 million。
Source: annual report 2025, pages 23, 26.出处：2025 年年报第 23、26 页。
Major shareholders include Mohammad Shahrizal Bin Mohammad Idris with 101,633,358 shares (13.38%), Zainal Bin Amir with 94,684,961 shares (12.47%) held under a pledged securities account, GFM Global Sdn. Bhd. with 74,800,340 shares (9.85%), and Ruslan Bin Nordin directly holding 63,069,260 shares (8.30%) in 2025 and indirectly holding 74,800,340 shares (9.85%) through GFM Global Sdn. Bhd.主要股东包括持有 101,633,358 股（13.38%）的 Mohammad Shahrizal Bin Mohammad Idris、在抵押证券账户持有 94,684,961 股（12.47%）的 Zainal Bin Amir、持有 74,800,340 股（9.85%）的 GFM Global Sdn. Bhd.，以及 2025 年直接持有 63,069,260 股（8.30%）并透过 GFM Global Sdn. Bhd. 间接持有 74,800,340 股（9.85%）的 Ruslan Bin Nordin。
Source: annual report 2025, pages 204, 205.出处：2025 年年报第 204、205 页。
The company transferred its listing from the ACE Market to the Main Market on 26 April 2024. Revenue concentration remains high, with three customers contributing RM162,593,388 or 78% of group revenue in 2025, compared to four customers contributing 82% in 2024 and three customers contributing 91% in 2023.公司于 2024 年 4 月 26 日将上市地位从创业板转至主板。营业额集中度维持在较高水平，2025 年三家客户贡献 RM162,593,388 即集团营业额的 78%，而 2024 年四家客户贡献 82%，2023 年三家客户贡献 91%。
Source: annual report 2023, page 157; annual report 2024, pages 17, 177; annual report 2025, page 178.出处：2023 年年报第 157 页；2024 年年报第 17、177 页；2025 年年报第 178 页。
Major events大事记
Source: annual report 2023, page 16.出处：2023 年年报第 16 页。
Source: annual report 2023, page 19; annual report 2024, pages 17, 144.出处：2023 年年报第 19 页；2024 年年报第 17、144 页。
Source: annual report 2024, pages 26, 172.出处：2024 年年报第 26、172 页。
Source: annual report 2025, pages 20, 24, 173.出处：2025 年年报第 20、24、173 页。
Revenue and profit营业额与盈利
Assets, equity and borrowings资产、权益与借款
Cash and dividends现金与股息
20232023 年
In 2023, GFM acquired a 49% stake in Highbase Strategic Sdn Bhd for RM288.00 on 30 June 2023 and completed acquiring the remaining 51% stake on 30 November 2023 for RM18.2 million, making it a wholly-owned subsidiary. The group also subscribed for a 15% stake in Amzass (M) Sdn. Bhd. for RM739,547 and completed Tranche 1 acquiring 40% of Atmajaya Arvino Sdn. Bhd. for RM3,600,000. Total dividends declared for the financial year were 1.54 sen per share, amounting to RM11.0 million.2023 年，GFM 于 2023 年 6 月 30 日以 RM288.00 收购 Highbase Strategic Sdn Bhd 49% 股权，并于 2023 年 11 月 30 日以 RM18.2 million 完成收购其余 51% 股权，使其成为全资子公司。集团还以 RM739,547 认购 Amzass (M) Sdn. Bhd. 15% 股权，并以 RM3,600,000 完成第一阶段收购 Atmajaya Arvino Sdn. Bhd. 40% 股权。本财年宣布的股息总额为每股 1.54 仙，共计 RM11.0 million。
Source: annual report 2023, pages 16, 19, 135.出处：2023 年年报第 16、19、135 页。
20242024 年
In 2024, GFM raised RM15.2 million from a private placement of 69,000,000 new shares on 7 March 2024, and issued RM40 million and RM20 million nominal value Sukuk Wakalah on 31 May 2024 and 30 December 2024 respectively. On 27 August 2024, the group completed the acquisition of Era Gema Bina Sdn Bhd for RM23,000,000. On 16 July 2024, 379.7 million warrants were issued as a bonus issue. Dividends declared comprised three interim dividends totalling 0.94 sen per share and a proposed final dividend of 0.31 sen per share.2024 年，GFM 于 2024 年 3 月 7 日通过私下配售 69,000,000 股新股筹集 RM15.2 million，并分别于 2024 年 5 月 31 日和 12 月 30 日发行面值 RM40 million 及 RM20 million 的 Sukuk Wakalah。2024 年 8 月 27 日，集团以 RM23,000,000 完成收购 Era Gema Bina Sdn Bhd。2024 年 7 月 16 日，作为红利发行派发了 379.7 million 份红利凭单。宣布的股息包括总计每股 0.94 仙的三次中期股息，以及每股 0.31 仙的拟议终期股息。
Source: annual report 2023, page 19; annual report 2024, pages 17, 26, 97, 144, 172.出处：2023 年年报第 19 页；2024 年年报第 17、26、97、144、172 页。
20252025 年
In 2025, GFM completed the acquisition of a 60% equity interest in Shapadu Energy Sdn Bhd for RM30.0 million in cash in November 2025. The group raised RM83.0 million from issuing RM55 million Sukuk Wakalah on 14 February 2025 and RM28 million on 28 November 2025. GFM also subscribed for additional ordinary shares in Highbase Strategic Sdn Bhd for RM5,000,000, Global Facilities Management Sdn Bhd for RM5,000,000, and RM1,500,000 of preference shares in Amzass (M) Sdn. Bhd. An interim dividend of 0.2 sen per share totalling approximately RM1.5 million was declared.2025 年，GFM 于 2025 年 11 月以 RM30.0 million 现金完成收购 Shapadu Energy Sdn Bhd 60% 股权。集团于 2025 年 2 月 14 日发行 RM55 million Sukuk Wakalah，于 2025 年 11 月 28 日发行 RM28 million，共筹集 RM83.0 million。GFM 还各出资 RM5,000,000 认购 Highbase Strategic Sdn Bhd 和 Global Facilities Management Sdn Bhd 的增发普通股，并以 RM1,500,000 认购 Amzass (M) Sdn. Bhd. 的优先股。公司宣布了每股 0.2 仙、总计约 RM1.5 million 的中期股息。
Source: annual report 2025, pages 20, 21, 24, 27, 153, 158, 173.出处：2025 年年报第 20、21、24、27、153、158、173 页。
Across the three years三年合看
Finance costs rose from RM19.5 million in 2023 to RM21.2 million in 2024 and RM26.4 million in 2025 due to higher borrowings following Sukuk issuances. Dividends paid were reduced in 2025 to preserve capital for ongoing growth investments, which the board recognized as a deviation from its dividend policy. Outstanding orderbook was RM1.18 billion in 2023 and RM1.19 billion in 2024, while the facilities management orderbook stood at approximately RM0.9 billion at end 2025.随着发行伊斯兰债券导致借款增加，融资成本由 2023 年的 RM19.5 million 增至 2024 年的 RM21.2 million，再增至 2025 年的 RM26.4 million。2025 年减少派发股息以保留资本用于持续的增长投资，董事会承认这偏离了其股息政策。未完成订单额在 2023 年为 RM1.18 billion，2024 年为 RM1.19 billion，而 2025 年底仅设施管理订单额就约为 RM0.9 billion。
Source: annual report 2023, page 15; annual report 2024, pages 22, 25; annual report 2025, pages 21, 26, 27.出处：2023 年年报第 15 页；2024 年年报第 22、25 页；2025 年年报第 21、26、27 页。
Still to be spent尚未支出的承诺
Out of RM15.18 million raised from the 2024 private placement, RM3.0 million remained unutilized for general working capital at end 2024. At 31 December 2025, 379,641,279 bonus warrants remained unexercised until their expiry on 9 July 2027. For the proposed acquisition of GFNYMY for RM4,100,000, RM1,000,000 remains to be paid upon fulfillment of condition precedents.2024 年私下配售筹集的 RM15.18 million 中，截至 2024 年底仍有 RM3.0 million 未使用于一般营运资金。截至 2025 年 12 月 31 日，尚有 379,641,279 份红利凭单未行使，到期日为 2027 年 7 月 9 日。关于以 RM4,100,000 拟收购 GFNYMY 的事项，在满足先决条件后仍需支付 RM1,000,000。
Source: annual report 2023, page 181; annual report 2024, pages 86, 162; annual report 2025, pages 107, 201.出处：2023 年年报第 181 页；2024 年年报第 86、162 页；2025 年年报第 107、201 页。
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 | 140,798,499 | 145,914,026 | 190,350,467 | 208,368,425 |
| Profit before taxation税前盈利 | 29,581,751 | 40,878,325 | 41,252,761 | 24,082,451 |
| Profit for the financial year年度盈利 | 11,056,515 | 27,297,238 | 23,706,553 | 15,746,649 |
| Dividend paid已付股息 | 995,393 | 2,761,811 | 11,916,977 | 5,848,187 |
| Total assets总资产 | 530,282,006 | 550,918,297 | 621,165,959 | 689,179,253 |
| Loans and borrowings贷款与借款 | 288,789,786 | 271,427,480 | 312,151,115 | 324,537,090 |
| Cash and bank balances现金与银行结余 | 47,482,929 | 45,984,749 | 100,741,040 | 75,336,681 |
| Total equity总权益 | 162,857,089 | 183,525,928 | 213,515,603 | 224,340,275 |
| Other investments其他投资 | 17,585,000 | 4,339,547 | 4,339,547 | 5,839,547 |
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 |
|---|---|---|
| Applied to transfer listing from the ACE Market to the Main Market of Bursa Securities申请将上市地位从创业板转至大马交易所主板 | Securities Commission approved the transfer on 29 March 2024, Bursa approved on 9 April 2024, and the transfer was completed on 26 April 2024.证券委员会于 2024 年 3 月 29 日批准转板，交易所于 2024 年 4 月 9 日批准，并于 2024 年 4 月 26 日完成转板。 Source: annual report 2023, pages 13, 180, 181; annual report 2024, pages 17, 116.出处：2023 年年报第 13、180、181 页；2024 年年报第 17、116 页。 | Completed已完成 |
| Proposed acquisition of a 100% stake in Era Gema Bina Sdn. Bhd. for RM23.0 million for the Sungai Muda RSA project, scheduled to commence in 2025拟以 RM23.0 million 收购 Era Gema Bina Sdn. Bhd. 100% 股权以开发 Sungai Muda 休息站项目，计划于 2025 年动工 | Completed the acquisition on 27 August 2024 for RM23,000,000; development order and building plans were approved, but construction start was rescheduled to 2026.于 2024 年 8 月 27 日以 RM23,000,000 完成收购；建设计划及大楼图纸已获批，但施工推迟至 2026 年动工。 Source: annual report 2023, page 17; annual report 2024, pages 17, 144; annual report 2025, page 24.出处：2023 年年报第 17 页；2024 年年报第 17、144 页；2025 年年报第 24 页。 | Acquisition completed; construction rescheduled to 2026收购已完成；施工推迟至 2026 年 |
| Entered agreement on 3 November 2023 to acquire the remaining 51% stake in Highbase Strategic Sdn Bhd for RM18,216,295于 2023 年 11 月 3 日签署协议收购 Highbase Strategic Sdn Bhd 余下 51% 股权，代价为 RM18,216,295 | Acquisition completed on 30 November 2023; the oil and gas segment contributed RM59.5 million in revenue in 2024 and the energy division reached RM83.2 million in 2025.于 2023 年 11 月 30 日完成收购；石油与天然气部门在 2024 年贡献 RM59.5 million 营业额，能源部门在 2025 年达到 RM83.2 million。 Source: annual report 2023, pages 16, 127; annual report 2024, page 24; annual report 2025, page 23.出处：2023 年年报第 16、127 页；2024 年年报第 24 页；2025 年年报第 23 页。 | Completed已完成 |
| Entered Heads of Agreement on 9 December 2024 to explore acquiring a stake in Shapadu Energy Sdn Bhd于 2024 年 12 月 9 日签署框架协议，探索收购 Shapadu Energy Sdn Bhd 股权 | Signed share sale agreement on 2 July 2025 and completed acquiring a 60% stake for RM30,000,000 in November 2025.于 2025 年 7 月 2 日签署股份买卖协议，并于 2025 年 11 月以 RM30,000,000 完成收购 60% 股权。 Source: annual report 2024, page 198; annual report 2025, pages 14, 150.出处：2024 年年报第 198 页；2025 年年报第 14、150 页。 | Completed已完成 |
| Proposed acquisition of the entire issued share capital of Atmajaya Arvino Sdn. Bhd. for RM9,000,000 in three tranches, with Tranche 1 acquiring a 40% stake for RM3,600,000 completed in 2023拟分三阶段以 RM9,000,000 收购 Atmajaya Arvino Sdn. Bhd. 全部已发行股本，第一阶段（40% 股权，RM3,600,000）于 2023 年完成 | Tranche 2 conditions were extended to 31 December 2025 and then to 30 June 2026, with an advance payment of RM900,000 made for Tranche 2 in 2025.第二阶段条件延长至 2025 年 12 月 31 日，后又延长至 2026 年 6 月 30 日，2025 年已为第二阶段预付 RM900,000。 Source: annual report 2023, page 135; annual report 2024, page 199; annual report 2025, pages 159, 202.出处：2023 年年报第 135 页；2024 年年报第 199 页；2025 年年报第 159、202 页。 | In progress进行中 |
What the reports leave open年报留下待看的事
- Provisional goodwill arising from Shapadu Energy Sdn Bhd of RM28,616,984 is subject to finalisation of purchase price allocation within the one-year measurement period.来自 Shapadu Energy Sdn Bhd 的 RM28,616,984 暂定商誉须在一年测量期内完成购买价格分摊调整。
Source: annual report 2025, pages 112, 151.出处：2025 年年报第 112、151 页。
- Construction for the Sungai Muda RSA project in Penang was rescheduled to 2026, starting with the petrol station component upon obtaining planning approval.槟城 Sungai Muda 休息站项目的施工推迟至 2026 年，将在获得规划批准后首先启动加油站部分。
Source: annual report 2025, page 24.出处：2025 年年报第 24 页。
- The acquisition of GFNYMY for RM4,100,000 has been extended to 13 June 2026, with RM1,000,000 remaining payable upon fulfillment of condition precedents.收购 GFNYMY（总额 RM4,100,000）的截止日期已延长至 2026 年 6 月 13 日，在满足先决条件后仍需支付 RM1,000,000。
Source: annual report 2025, page 201.出处：2025 年年报第 201 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-24.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 2026-10-24。