DailySpaceAuMAS Resources Berhad
0098 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 1047 entries read2023 至 2025 年报，共读出 1047 条
The company这家公司
AuMAS Resources Berhad, formerly Bahvest Resources Berhad, is listed on the ACE Market of Bursa Malaysia Securities Berhad. The company operates gold mining activities in Sabah, Malaysia, through its operating subsidiary Wullersdorf Resources Sdn. Bhd.AuMAS Resources Berhad（前称 Bahvest Resources Berhad）在马来西亚证券交易所创业板上市。该公司通过其营运子公司 Wullersdorf Resources Sdn. Bhd. 在马来西亚沙巴开展黄金开采活动。
Source: annual report 2024, pages 12, 54, 69; annual report 2025, page 76.出处：2024 年年报第 12、54、69 页；2025 年年报第 76 页。
Mining operations are conducted on approximately 317.7 hectares at Bukit Mantri, Balung Tawau, Sabah, under arrangements extending until 31 December 2048.采矿业务位于沙巴斗湖 Balung 的 Bukit Mantri，占地约 317.7 公顷，相关安排有效期至 2048 年 12 月 31 日。
Source: annual report 2023, page 9; annual report 2024, page 12; annual report 2025, page 15.出处：2023 年年报第 9 页；2024 年年报第 12 页；2025 年年报第 15 页。
In 2025, total revenue was RM248.57 million, consisting of RM246,565,133 from the sale of gold and RM2,005,078 from the sale of silver, all within Malaysia.2025 年，总营业额为 RM248.57 million，其中包括黄金销售 RM246,565,133 以及白银销售 RM2,005,078，全部来自马来西亚境内。
Source: annual report 2025, pages 17, 103, 132.出处：2025 年年报第 17、103、132 页。
In the 2025 report, Innosabah Capital Holdings Sdn Bhd is the largest shareholder with 264,999,900 shares (14.55%), and Kretam Holdings Berhad holds an indirect interest in the same 264,999,900 shares (14.55%).在 2025 年报中，Innosabah Capital Holdings Sdn Bhd 为最大股东，持有 264,999,900 股（14.55%），Kretam Holdings Berhad 间接持有相同的 264,999,900 股（14.55%）。
Source: annual report 2025, page 142.出处：2025 年年报第 142 页。
Pledged securities accounts among the thirty largest holders include CGS International Nominees Malaysia (Tempatan) Sdn. Bhd. for Lim Nyuk Sang @ Freddy Lim with 46,673,142 shares (2.56%) and Kenanga Nominees (Tempatan) Sdn Bhd for Lee Vui Han @ Anthony Lee Vui Han with 34,106,100 shares (1.87%).在前三十大股东的抵押证券账户中，包括 CGS International Nominees Malaysia (Tempatan) Sdn. Bhd. 押记予 Lim Nyuk Sang @ Freddy Lim 的 46,673,142 股（2.56%），以及 Kenanga Nominees (Tempatan) Sdn Bhd 押记予 Lee Vui Han @ Anthony Lee Vui Han 的 34,106,100 股（1.87%）。
Source: annual report 2025, page 143.出处：2025 年年报第 143 页。
In May 2023, former managing director Datuk Lo Fui Ming and executive director Lo Teck Yong resigned from the board. Chong Tzu Khen was appointed executive director on 26 May 2023 and chief executive officer on 31 May 2023, before resigning on 30 July 2025. Dato' Seri Md Ajib Bin Anuar was appointed independent non-executive chairman on 9 July 2025, while Dr Chong Mee Fah @ Frederick Chong was re-designated from independent non-executive chairman to executive director on the same date.2023 年 5 月，前董事经理 Datuk Lo Fui Ming 及执行董事 Lo Teck Yong 辞去董事职务。Chong Tzu Khen 于 2023 年 5 月 26 日获委任为执行董事并于 2023 年 5 月 31 日调任为首席执行员，后于 2025 年 7 月 30 日辞职。Dato' Seri Md Ajib Bin Anuar 于 2025 年 7 月 9 日获委任为独立非执行主席，同日 Dr Chong Mee Fah @ Frederick Chong 由独立非执行主席调任为执行董事。
Source: annual report 2023, pages 6, 33, 42; annual report 2025, pages 7, 8, 42, 44.出处：2023 年年报第 6、33、42 页；2025 年年报第 7、8、42、44 页。
Revenue by product, 20252025 年各产品营业额
Source: annual report 2025, page 103.出处：2025 年年报第 103 页。
Major events大事记
Source: annual report 2023, page 65.出处：2023 年年报第 65 页。
Source: annual report 2023, pages 33, 42.出处：2023 年年报第 33、42 页。
Source: annual report 2023, page 128.出处：2023 年年报第 128 页。
Source: annual report 2024, pages 56, 57.出处：2024 年年报第 56、57 页。
Source: annual report 2024, page 54.出处：2024 年年报第 54 页。
Source: annual report 2025, page 67.出处：2025 年年报第 67 页。
Source: annual report 2025, pages 7, 42, 44.出处：2025 年年报第 7、42、44 页。
Source: annual report 2025, page 125.出处：2025 年年报第 125 页。
Revenue and profit before taxation营业额与税前盈利
Total equity and borrowings总权益与借款
20232023 年
The financial year end was changed from 31 March to 30 September, covering eighteen months. The group paid RM13,423,947 in cash on the purchase of property, plant and equipment, while RM14,617,000 was financed by hire purchase arrangements. Net repayments of hire purchase payables were RM13,113,559. Proceeds from the exercise of employee share options were RM1,560,790 for 4,459,400 new ordinary shares. Other receivables included a deposit of RM6,000,000 paid to Southsea Gold Sdn. Bhd. for land occupation, which management pursued for refund. No dividend was declared or paid.财政年度结账日由 3 月 31 日更改为 9 月 30 日，涵盖十八个月。集团以现金支付购买物业、厂房及设备 RM13,423,947，另有 RM14,617,000 通过租购安排融资。租购应付款项净偿还 RM13,113,559。行使雇员认股权计划发行 4,459,400 股新普通股，获得所得款项 RM1,560,790。其他应收款项中包括向 Southsea Gold Sdn. Bhd. 支付的 RM6,000,000 土地占用押金，管理层正在争取退还。本期未宣派或支付股息。
Source: annual report 2023, pages 9, 12, 60, 62, 70, 73, 74, 104.出处：2023 年年报第 9、12、60、62、70、73、74、104 页。
20242024 年
The company issued 581,717,614 new ordinary shares from the conversion of warrants at RM0.43 per warrant, generating proceeds of RM250,138,574. Deposits with licensed banks with maturity of more than three months increased by RM199,908,000. Cash outflows for acquisition of property, plant and equipment were RM3,342,665, while proceeds from disposal of property, plant and equipment were RM2,988,843. Net repayments of hire purchase payables were RM7,257,871. No dividend was recommended for the financial year.公司因凭单按每份 RM0.43 转换而发行 581,717,614 股新普通股，募集所得款项 RM250,138,574。期限超过三个月的持牌银行存款增加 RM199,908,000。购置物业、厂房及设备的现金流出为 RM3,342,665，脱售物业、厂房及设备所得款项为 RM2,988,843。租购应付款项净偿还 RM7,257,871。本财政年度未建议派发股息。
Source: annual report 2024, pages 54, 56, 67.出处：2024 年年报第 54、56、67 页。
20252025 年
Deposits paid for proposed acquisitions of subsidiaries totalled RM47,400,000. Prepaid costs for purchase of property, plant and equipment were RM21,510,468, and cash paid for acquisition of property, plant and equipment was RM12,877,585. Deposits with licensed banks of maturity more than three months decreased by RM90,000,000. Net repayments of hire purchase payables were RM5,396,088. Dividends paid during the financial year amounted to RM45,537,437.拟收购子公司的已付押金共计 RM47,400,000。预付购买物业、厂房及设备成本为 RM21,510,468，购置物业、厂房及设备的现金支付为 RM12,877,585。期限超过三个月的持牌银行存款减少 RM90,000,000。租购应付款项净偿还 RM5,396,088。本财政年度已付股息总额为 RM45,537,437。
Source: annual report 2025, pages 71, 74.出处：2025 年年报第 71、74 页。
Across the three years三年合看
Warrant conversions in 2024 brought RM250,138,574 in cash. Total equity was RM123,473,520 at 30 September 2023 and RM406,131,619 at 30 September 2024. Total loans and borrowings fell from RM18,631,903 in 2023 to RM11,277,986 in 2024 and RM6,151,451 in 2025. The deposit of RM6,000,000 paid to Southsea Gold Sdn. Bhd. remained in dispute across all three reports. No dividends were paid in 2023 and 2024, followed by dividend payments of RM45,537,437 in 2025.2024 年凭单转换带来 RM250,138,574 现金。总权益在 2023 年 9 月 30 日为 RM123,473,520，2024 年 9 月 30 日为 RM406,131,619。贷款与借款总额由 2023 年的 RM18,631,903 降至 2024 年的 RM11,277,986 及 2025 年的 RM6,151,451。向 Southsea Gold Sdn. Bhd. 支付的 RM6,000,000 押金在三份年报中均处于争议之中。2023 和 2024 年未派发股息，2025 年支付股息 RM45,537,437。
Source: annual report 2023, pages 12, 60; annual report 2024, pages 15, 54, 56, 67; annual report 2025, pages 19, 74.出处：2023 年年报第 12、60 页；2024 年年报第 15、54、56、67 页；2025 年年报第 19、74 页。
Still to be spent尚未支出的承诺
At 30 September 2025, capital commitments for acquisition of machineries and movable equipment were RM1,514,392, and commitments for construction of processing plants and buildings were RM8,309,966. In addition, the company had paid deposits of RM47,400,000 for the acquisition in progress of three companies, where completion remained pending.截至 2025 年 9 月 30 日，购置机械及动产设备的资本承诺为 RM1,514,392，兴建加工厂房及建筑物的资本承诺为 RM8,309,966。此外，公司为三家进行中的公司收购已支付押金 RM47,400,000，相关交易尚待完成。
Source: annual report 2025, pages 67, 74, 95, 122.出处：2025 年年报第 67、74、95、122 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 | 149,301,842 | 200,860,012 | 169,820,807 | 248,570,211 |
| Profit before taxation税前盈利 | 19,547,785 | 4,497,004 | 45,461,220 | 56,550,986 |
| Profit for the financial year本年度净利 | 12,420,223 | 1,011,110 | 32,519,525 | 33,350,294 |
| Total equity总权益 | 120,901,620 | 123,473,520 | 406,131,619 | 393,944,476 |
| Total liabilities总负债 | – | 48,126,841 | 31,404,700 | 38,654,821 |
| Total equity and liabilities总权益与负债 | – | 171,600,361 | 437,536,319 | 432,599,297 |
| Loans and borrowings贷款与借款 | 17,024,011 | 18,631,903 | 11,277,986 | 6,151,451 |
| of which hire purchase payables其中：租购应付款项 | 15,972,639 | 17,476,080 | 10,218,209 | 4,822,121 |
| of which lease liabilities其中：租赁负债 | 1,051,372 | 1,155,823 | 1,059,777 | 1,329,330 |
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 |
|---|---|---|
| To increase mine production through the optimisation of productivity equipment, implementing efficient blasting techniques, and reducing hauling time通过优化生产设备、实施高效爆破技术及减少运输时间来提高矿山产量 | In FY2024 diesel consumption reduced with selective blasting, richer ore veins and reduced waste rock removal, and production reached over 490 kilograms of gold; gold production was 566.42 kilograms in FY2025.2024 财政年度因选择性爆破、开采较富矿脉及减少废石剥离而降低了柴油消耗，黄金产量超过 490 公斤；2025 财政年度黄金产量达 566.42 公斤。 Source: annual report 2023, page 13; annual report 2024, pages 6, 26; annual report 2025, page 17.出处：2023 年年报第 13 页；2024 年年报第 6、26 页；2025 年年报第 17 页。 | Carried out已执行 |
| Actively pursuing a waiver and refund of the RM6,000,000 payment made to the landlord of mining land for land occupation积极争取免除并退还向矿地地主支付的 RM6,000,000 土地占用款项 | The RM6,000,000 was still being pursued in 2024, and in 2025 the claim was part of consolidated suits that commenced trial on 24 November 2025.2024 年仍继续争取该笔 RM6,000,000，到 2025 年该追索成为合并诉讼的一部分，并于 2025 年 11 月 24 日开庭审理。 Source: annual report 2023, page 12; annual report 2024, page 15; annual report 2025, pages 19, 125.出处：2023 年年报第 12 页；2024 年年报第 15 页；2025 年年报第 19、125 页。 | Still in court proceedings仍在诉讼程序中 |
| Plant engineer will be recruited and proper equipment and machinery monitoring implemented for scheduled preventive maintenance将招聘厂房工程师并实施恰当的设备与机械监控，以落实定期预防性维护 | In 2024 the group established a preventive maintenance schedule for machinery and vehicles.2024 年集团建立了机械与车辆的预防性维护日程表。 Source: annual report 2023, page 54; annual report 2024, page 28.出处：2023 年年报第 54 页；2024 年年报第 28 页。 | Implemented已落实 |
| Construction, installation, completion and commissioning of a new plant with capacity of 2,000 ton per day to expand processing capacity by 200%兴建、安装、竣工及调试日产能 2,000 吨的新选矿厂，使加工能力提升 200% | In 2025 preparatory works were undertaken and RM21,510,468 of prepaid costs were paid for processing plants, with commissioning of the 2,000-tpd plant remaining a strategic priority.2025 年开展了准备工作，并为加工厂房预付成本 RM21,510,468，调试日产 2,000 吨工厂仍为战略重点。 Source: annual report 2024, pages 5, 7, 17; annual report 2025, pages 15, 21, 95.出处：2024 年年报第 5、7、17 页；2025 年年报第 15、21、95 页。 | Still in progress仍在进行中 |
| Pursuing joint venture opportunities to explore and mine gold deposits in Peninsular Malaysia, with phased operations planned to begin in 2025寻求合资机会以在马来西亚半岛勘探及开采金矿床，计划于 2025 年分阶段投入营运 | In 2025 the company agreed to buy stakes in three companies and paid RM47,400,000 in deposits, with completion pending. The report does not say these are the Peninsular Malaysia mining sites or that operations began there.2025 年公司同意收购三家公司的股权，并已支付押金 RM47,400,000，尚待完成。年报没有说这些就是半岛的矿区，也没有说当地已开始营运。 Source: annual report 2024, pages 5, 17; annual report 2025, pages 67, 74, 95.出处：2024 年年报第 5、17 页；2025 年年报第 67、74、95 页。 | Start of operations not reported未报告开始营运 |
What the reports leave open年报留下待看的事
- The outcome of the consolidated suits with Southsea Gold Sdn. Bhd. with trial dates in 2026, and a new suit served on 18 December 2025 where Southsea Gold Sdn. Bhd. claims damages of RM500,000,000 for breach of contract, RM40,000,000 for negligence, nuisance and trespass, and vacant possession.与 Southsea Gold Sdn. Bhd. 的合并诉讼在 2026 年的审理结果，以及 2025 年 12 月 18 日接获的新诉讼，其中 Southsea Gold Sdn. Bhd. 索赔违约损害赔偿 RM500,000,000、疏忽、妨害与侵占赔偿 RM40,000,000 并要求交出空置管有权。
Source: annual report 2025, pages 125, 126.出处：2025 年年报第 125、126 页。
- Completion of the acquisitions of equity interests in Syabas Tahap Sdn. Bhd., Hebat Wibawa Sdn. Bhd., and Pelita Majumas Sdn. Bhd., for which RM47,400,000 in deposits has been paid.收购 Syabas Tahap Sdn. Bhd.、Hebat Wibawa Sdn. Bhd. 及 Pelita Majumas Sdn. Bhd. 股权交易的完成进展，目前已支付押金 RM47,400,000。
Source: annual report 2025, pages 67, 95.出处：2025 年年报第 67、95 页。
- Progress and commissioning of the new 2,000 ton per day processing plant, with capital commitments for processing plants and buildings of RM8,309,966 and prepayments of RM21,510,468.日产能 2,000 吨新加工厂的进展与调试，其中加工厂房及建筑物的资本承诺为 RM8,309,966，预付款项为 RM21,510,468。
Source: annual report 2025, pages 21, 95, 122.出处：2025 年年报第 21、95、122 页。
- The tax dispute involving subsidiary Wullersdorf Resources Sdn. Bhd., which received letters from the Inland Revenue Board for additional tax of RM12,765,611 and penalty of RM5,744,525.涉及子公司 Wullersdorf Resources Sdn. Bhd. 的税务争议，该子公司收到内陆税收局追讨额外税款 RM12,765,611 及罚款 RM5,744,525 的信函。
Source: annual report 2024, page 112.出处：2024 年年报第 112 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-28.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 2026-10-28。