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。
Sources (3)出处（3）
The activities of the Group are carried out in Malaysia and accordingly no segmental reporting by geographical location is presented.
The activities of the Group are carried out in Malaysia and accordingly no segmental reporting by geographical location is presented.
The activities of the Group are carried out in Malaysia and accordingly no segmental reporting by geographical location is presented.
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。
Sources (3)出处（3）
The Energy division was the standout performer, growing 40.0% to RM83.2 million and now accounting for 40.0% of total Group revenue, up from 31.3% in the prior year.
The FM segment recorded revenue of RM97.0 million in FYE 2025 (FYE 2024: RM101.2 million), mainly due to fewer repair works undertaken during the year.
The Concession Arrangements segment contributed RM28.2 million (FYE 2024: RM29.7 million), reflecting lower interest income as the Group's Operating Financial Asset continues to mature.
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。
Sources (7)出处（7）
Mohammad Shahrizal Bin Mohammad Idris 101,633,358 13.38 - -
Zainal Bin Amir 94,684,961 12.47 - -
GFM Global Sdn. Bhd. 74,800,340 9.85 - -
Ruslan Bin Nordin 63,069,260 8.30 74,800,340* 9.85
PLEDGED SECURITIES ACCOUNT FOR ZAINAL BIN AMIR 94,684,961 12.47
3. GFM GLOBAL SDN BHD 74,800,340 9.85
4. RUSLAN BIN NORDIN 63,069,260 8.30
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%。
Sources (4)出处（4）
A major milestone during the year was GFM’s successful transfer to the Main Market of Bursa Malaysia Securities Berhad on 26 April 2024.
The Group has 3 (2024: 3) customers which contributed RM162,593,388 (2024: RM150,789,759), representing 78% (2024: 79%) of the Group’s revenue during the financial year.
The Group has 4 (2023: 4) customers which contributed RM156,034,512 (2023: RM133,854,585), representing 82% (2023: 92%) of the Group’s revenue during the financial year.
The Group has 3 (2022: 3) customers which contributed RM132,673,672 (2022: RM93,659,886), representing 91% (2022: 67%) of the Group’s revenue during the financial year.
Major events大事记
Sources (2)出处（2）
On 30 June 2023, we acquired a 49%-stake in Highbase via subscription of 2.9 million Highbase shares for a cash consideration of RM288.00.
Following that, we completed the acquisition of the remaining 51%-stake on 30 November 2023 for a purchase consideration of RM18.2 million, making Highbase a wholly-owned subsidiary of GFM.
Sources (4)出处（4）
On 7 March 2024, GFM completed a private placement exercise, raising RM15.2 million with the issuance of 69.0 million new shares of GFM.
A major milestone during the year was GFM’s successful transfer to the Main Market of Bursa Malaysia Securities Berhad on 26 April 2024.
On 27 August 2024, GFM completed the acquisition of a 100% equity stake in Era Gema Bina Sdn Bhd (“Era Gema”), securing rights to develop, operate, and maintain the RSA at Sungai Muda, Penang (“RSA Sungai Muda”).
On 27 August 2024, the Group and the Company completed the acquisition of EGBSB for a total purchase consideration of RM23,000,000.
Sources (2)出处（2）
On 16 July 2024, GFM successfully completed its Bonus Issue of Warrants, with 379.7 million Warrants listed and quoted on the Main Market of Bursa Securities.
A wholly-owned subsidiary of the Company, WPSB issued RM40 million and RM20 million nominal value Medium-Term Notes on 31 May 2024 and 30 December 2024 respectively under the Sukuk Wakalah programme.
Sources (4)出处（4）
A wholly-owned subsidiary of the Company, DHSB issued RM165 million and RM55 million nominal value Medium-Term Notes under the Sukuk Wakalah programme on 21 December 2018 and 14 February 2025, respectively.
A wholly-owned subsidiary of the Company, WPSB issued RM40 million, RM20 million and RM28 million nominal value Medium-Term Notes on 31 May 2024, 30 December 2024 and 28 November 2025 respectively under the Sukuk Wakalah programme.
The most significant of these was the completion of the acquisition of a 60% equity interest in Shapadu Energy Sdn Bhd (“Shapadu Energy”) in November 2025.
Energy-focused services provider, with the completion of the acquisition of a 60% equity interest in Shapadu Energy for a cash consideration of RM30.0 million in November 2025.
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。
Sources (5)出处（5）
On 30 June 2023, we acquired a 49%-stake in Highbase via subscription of 2.9 million Highbase shares for a cash consideration of RM288.00.
Following that, we completed the acquisition of the remaining 51%-stake on 30 November 2023 for a purchase consideration of RM18.2 million, making Highbase a wholly-owned subsidiary of GFM.
During the financial year, the Company had subscribed to a total of 352,942 ordinary shares in ASB representing 15% interest held in ASB for total consideration of RM739,547 at RM2.10 per share.
As at 31 December 2023, the Company has completed Tranche 1 and subscribed to a total of 40 ordinary shares in AASB representing 40% interest held in AASB for total consideration of RM3,600,000 at RM90,000 per share.
For FYE 2023, GFM declared a total dividend of 1.54 sen per share to reward our shareholders, totalling RM11.0 million (FY2022: 0.17 sen; RM1.0 million).
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。
Sources (7)出处（7）
On 7 March 2024, GFM completed a private placement exercise, raising RM15.2 million with the issuance of 69.0 million new shares of GFM.
(i) issuance of 69,000,000 new ordinary shares on 7 March 2024 at RM0.22 per share totaling RM15,180,000 pursuant to a private placement;
A wholly-owned subsidiary of the Company, WPSB issued RM40 million and RM20 million nominal value Medium-Term Notes on 31 May 2024 and 30 December 2024 respectively under the Sukuk Wakalah programme.
On 27 August 2024, GFM completed the acquisition of a 100% equity stake in Era Gema Bina Sdn Bhd (“Era Gema”), securing rights to develop, operate, and maintain the RSA at Sungai Muda, Penang (“RSA Sungai Muda”).
On 27 August 2024, the Group and the Company completed the acquisition of EGBSB for a total purchase consideration of RM23,000,000.
On 16 July 2024, GFM successfully completed its Bonus Issue of Warrants, with 379.7 million Warrants listed and quoted on the Main Market of Bursa Securities.
For FYE 2024, the Board declared three interim single-tier dividend totalling 0.94 sen per share and has proposed a final single-tier dividend of 0.31 sen per share – subject to shareholders’ approval at the upcoming Annual General Meeting.
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。
Sources (9)出处（9）
The most significant of these was the completion of the acquisition of a 60% equity interest in Shapadu Energy Sdn Bhd (“Shapadu Energy”) in November 2025.
Energy-focused services provider, with the completion of the acquisition of a 60% equity interest in Shapadu Energy for a cash consideration of RM30.0 million in November 2025.
During the year, the Group undertook two Sukuk issuances under its existing Sukuk programme, raising a total of RM83.0 million.
A wholly-owned subsidiary of the Company, DHSB issued RM165 million and RM55 million nominal value Medium-Term Notes under the Sukuk Wakalah programme on 21 December 2018 and 14 February 2025, respectively.
A wholly-owned subsidiary of the Company, WPSB issued RM40 million, RM20 million and RM28 million nominal value Medium-Term Notes on 31 May 2024, 30 December 2024 and 28 November 2025 respectively under the Sukuk Wakalah programme.
On 24 February 2025, the Company subscribed for additional 5,000,000 ordinary shares of HSSB, representing 100% of the additional issued and paid-up capital of HSSB for a consideration of RM5,000,000.
On 20 February 2025, the Company subscribed for additional 5,000,000 ordinary shares of GFMSB, representing 100% of the additional issued and paid-up capital of GFMSB for a consideration of RM5,000,000.
On 30 July 2025, the Company had entered into a Subscription Agreement with ASB to subscribe for 1,500,000 RCPS representing a total issue value of RM1,500,000 at RM1.00 per RCPS.
The Board declared an interim dividend of 0.2 sen per ordinary share for FYE 2025, representing a total payout of approximately RM1.5 million.
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。
Sources (7)出处（7）
Meanwhile, finance costs increased to RM21.2 million in FYE 2024, compared to RM19.5 million in FYE 2023, due to expenses related to the sukuk drawdown.
Finance costs rose to RM26.4 million (FYE 2024: RM21.2 million), reflecting higher borrowings following Sukuk issuances of RM55.0 million in February 2025 and RM28.0 million in November 2025.
This reflects a conscious decision to preserve capital at this stage of the Group’s development, in order to support ongoing investments across the Energy segment, Rest and Service Area (“RSA”) developments, and opportunities under the Public-Private Partnership Master Plan 2030 (“PIKAS 2030”).
The Board recognises that this represents a deviation from the Group's dividend policy and a reduction from the dividends paid in the preceding financial year.
As at 31 December 2023, GFM’s total outstanding orderbook amounts to RM1.18 billion.
As at 31 December 2024, our outstanding overall orderbook stood at RM1.19 billion.
As at 31 December 2025, the Group’s FM order book stood at approximately RM0.9 billion.
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。
Sources (7)出处（7）
The Private Placement was subsequently completed on 7 March 2024, where a total of 69,000,000 new ordinary shares were placed out at RM0.22 each, raising total gross proceeds of RM15,180,000.
Sdn. Bhd. 11,396 - 11,800 11,800 Within 24 months 3,000
TOTAL 14,776 - 15,180 12,180 3,000
As at 31 December 2025, the total number of Bonus Warrants that remain unexercised were 379,641,279.
(c) The Bonus Warrants may be exercisable at any time within a period of three (3) years commencing from and including the date of issuance of the Bonus Warrants and ending at 5pm on the expiry date, i.e. 9 July 2027.
On 13 March 2025, a subsidiary of the Company, GFMS, entered into a Share Sale Agreement ("SSA") with the shareholders of GFNYMY for acquisition of GFNYMY at cash consideration of RM4,100,000.
Subsequent to the year end, GFMS has made another payment of RM1,300,000, with the remaining RM1,000,000 to be made upon fulfillment of condition precedents.
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。Sources (5)出处（5）In line with our growth objectives, we have successfully secured approval from Bursa Malaysia Securities Berhad (“Bursa Securities”) to transfer our listing from the ACE Market to the Main Market of Bursa Securities on 9 April 2024. On 6 October 2023, the application in relation to the Proposed Transfer has been submitted to the Securities Commission (“SC”). The SC had, vide its letter dated 29 March 2024, approved the Proposed Transfer under Section 214(1) of the Capital Markets and Services Act 2007 and under the Bumiputera equity requirement for public listed companies. A major milestone during the year was GFM’s successful transfer to the Main Market of Bursa Malaysia Securities Berhad on 26 April 2024. On 9 April 2024, the Company had obtained approval from Bursa Malaysia Securities Berhad for the transfer of the Company’s entire issued share capital from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad. | 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。Sources (6)出处（6）In February 2024, we announced the proposed acquisition of a 100% stake in Era Gema Bina Sdn. Bhd. (“Era Gema”) for RM23.0 million. The project is scheduled to commence in 2025, with targeted completion within a two-year timeframe. On 27 August 2024, GFM completed the acquisition of a 100% equity stake in Era Gema Bina Sdn Bhd (“Era Gema”), securing rights to develop, operate, and maintain the RSA at Sungai Muda, Penang (“RSA Sungai Muda”). On 27 August 2024, the Group and the Company completed the acquisition of EGBSB for a total purchase consideration of RM23,000,000. The Group has secured approvals for the development order and building plans from the relevant local authorities, placing the project in its final stage prior to commencement. While development was initially targeted to commence in 2025, it has been rescheduled to 2026 following adjustments to project timelines. | 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。Sources (4)出处（4）On 3 November 2023, the Company entered into a conditional Shares Sale Agreement (“SSA”) with the Vendors to acquire the remaining 3,000,000 ordinary shares in HSSB representing 51% of the equity interest in HSSB for a purchase consideration of RM18,216,295. Following that, we completed the acquisition of the remaining 51%-stake on 30 November 2023 for a purchase consideration of RM18.2 million, making Highbase a wholly-owned subsidiary of GFM. Meanwhile, our O&G segment contributed RM59.5 million in revenue, reflecting the full-year contribution of Highbase as a wholly-owned subsidiary. The Energy division was the standout performer, growing 40.0% to RM83.2 million and now accounting for 40.0% of total Group revenue, up from 31.3% in the prior year. | 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。Sources (4)出处（4）On 9 December 2024, the Company entered into a heads of agreement (“HOA”) with Shapadu Corporation Sdn Bhd (“SCSB” or the “Vendor”) and SESB to explore and pursue a potential acquisition and subscription of ordinary shares in SESB, totalling 45% equity interest in SESB The signing of transaction documents between GFM Services Berhad and Shapadu Corporation Sdn Bhd was successfully held on 2 July 2025 at Kuala Lumpur Golf & Country Club. On 2 July 2025, the Company entered into a Shares Sale Agreement (“SSA”) with the vendor to acquire 60,000 ordinary shares in SESB representing 60% equity interest for a purchase consideration of RM30,000,000. On 6 November 2025, the Company announced that the acquisition has been completed, following the settlement of the balance purchase consideration. | 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。Sources (5)出处（5）for the acquisition of 100 ordinary shares in AASB representing the entire issued share capital (“Sale Shares”) of AASB for the development of a Rest & Service Area (“RSA”) in Karak, Bentong along Kuala Lumpur-Karak Expressway for the purchase consideration of RM9,000,000 As at 31 December 2023, the Company has completed Tranche 1 and subscribed to a total of 40 ordinary shares in AASB representing 40% interest held in AASB for total consideration of RM3,600,000 at RM90,000 per share. Subsequently, on 5 March 2025, the Group entered into a Second Supplemental Shares Sale Agreement with AASB to extend the Tranche 2 Conditions to 31 December 2025. During the financial year, an advance payment of RM900,000 was made for Tranche 2 purpose and being recorded under deposit as disclosed in Note 17. Subsequently, on 10 January 2026, the Group entered into a Third Supplemental Shares Sale Agreement with the Seller to extend the Tranche 2 Conditions to 30 June 2026. | 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。
Sources (2)出处（2）
As at 31 December 2025, the Group assessed provisional goodwill arising from SESB amounting to RM28,616,984, as attributable to CGU 3, for impairment purpose.
The goodwill on business combination is on a provisional basis and will be subject to change within the one-year measurement period upon finalisation of purchase price allocation as permitted under MFRS 3.
- 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。
Sources (3)出处（3）
Plans are underway to develop a RSA at Sungai Muda, Penang along the PLUS North-South Expressway on a 1.74-hectare site.
While development was initially targeted to commence in 2025, it has been rescheduled to 2026 following adjustments to project timelines.
The Group will commence with the petrol station component upon receipt of conditional planning approval, ahead of the broader RSA development.
- 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。
Sources (3)出处（3）
On 13 March 2025, a subsidiary of the Company, GFMS, entered into a Share Sale Agreement ("SSA") with the shareholders of GFNYMY for acquisition of GFNYMY at cash consideration of RM4,100,000.
On 16 December 2025, the original stop date of 9 months from the date of the SSA was extended by 6 months to 13 June 2026.
Subsequent to the year end, GFMS has made another payment of RM1,300,000, with the remaining RM1,000,000 to be made upon fulfillment of condition precedents.
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-12.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 2026-10-12。