DailySpaceGDB Holdings Berhad
0198 · Main Market主板 · annual reports 2023 to 2025, 585 entries read2023 至 2025 年报，共读出 585 条
Revenue, 20252025 年营业额RM748.1m7.48亿令吉up 189.7% from比 2024 年增加 189.7%，当年为 RM258.2m2.58亿令吉 in 2024
Profit before taxation, 20252025 年税前盈利RM69.1m6.91千万令吉up 72.6% from比 2024 年增加 72.6%，当年为 RM40.0m4.00千万令吉 in 2024
Net cash from operating activities, 20252025 年营运活动所得现金净额RM104.4m1.04亿令吉up 104754.8% from比 2024 年增加 104754.8%，当年为 RM0.10m10万令吉 in 2024
Short-term investments, 20252025 年短期投资RM151.9m1.52亿令吉up 217.2% from比 2024 年增加 217.2%，当年为 RM47.9m4.79千万令吉 in 2024
The company这家公司
GDB Holdings Berhad's wholly owned subsidiary Grand Dynamic Builders Sdn Bhd is registered with CIDB as a Grade G7 contractor to tender for projects of unlimited value, focusing on residential, commercial and mixed development projects as main contractor and principal works contractor.GDB Holdings Berhad 的全资子公司 Grand Dynamic Builders Sdn Bhd 是在马来西亚建筑工业发展局（CIDB）注册的 G7 级承包商，可投标不限金额的工程，以总承包商与主要工程承包商身份承接住宅、商业及综合开发项目。
Sources (4)出处（4）
On top of that, GDBSB is registered with the Construction Industry Development Board of Malaysia (“CIDB”) as a Grade G7 contractor, which qualifies GDBSB to tender for projects of unlimited value in the categories of general building, general civil engineering, and mechanical works.
GDBSB is principally involved in the provision of construction services, focusing on high rise residential, commercial and mixed development projects as main contractor and principal works contractor.
On top of that, GDBSB is registered with the Construction Industry Development Board of Malaysia (“CIDB”) as a Grade G7 contractor, which qualifies GDBSB to tender for projects of unlimited value in the categories of general building, general civil engineering, and mechanical works.
GDB has two subsidiaries namely, 100%-owned Grand Dynamic Builders Sdn Bhd (“GDBSB”) and 70%-owned GDB Geotechnics Sdn Bhd (“GDB Geotechnics”) (collectively known as the “Group”).
In 2025, GDB incorporated GDB Infra Sdn Bhd and GDB Development Sdn Bhd, followed by GDB Resources Sdn Bhd in March 2026, marking an entry into civil infrastructure and property development.2025 年，GDB 设立了 GDB Infra Sdn Bhd 和 GDB Development Sdn Bhd，随后于 2026 年 3 月设立了 GDB Resources Sdn Bhd，涉足土木基础设施与房地产开发业务。
Sources (4)出处（4）
During the FYE 2025, GDB incorporated two new wholly-owned subsidiaries, GDB Infra Sdn Bhd ("GDBISB") and GDB Development Sdn Bhd, on 21 October 2025 and 27 November 2025 respectively.
In the current year, GDB incorporated another wholly-owned subsidiary, GDB Resources Sdn Bhd on 18 March 2026.
Following the Board composition change and refreshed Board’s mandate in FY2025, GDB is advancing into the East Malaysia market.
The Group’s strategic initiatives, including civil infrastructure contracts and its maiden entry into property development, are underway to capitalise on untapped opportunities and to drive future growth.
The group operates in one business segment entirely in Malaysia. In 2025, Customer A contributed RM422,949,908, Customer B contributed RM198,086,095, and Customer C contributed RM123,855,044.集团单一业务部门全部在马来西亚营运。2025 年，客户 A 贡献营业额 RM422,949,908，客户 B 贡献 RM198,086,095，客户 C 贡献 RM123,855,044。
Sources (7)出处（7）
The Group operates predominantly in one business segment in Malaysia. Accordingly, the information by business segments and geographical segment is not presented.
The Group operates predominantly in one business segment in Malaysia. Accordingly, the information by business segments and geographical segment is not presented.
(b) The revenue of the Group and of the Company are derived entirely in Malaysia.
Segment information has not been prepared as the Group’s business is focused only in the businesses of provision of construction services and this forms the focus of the Group’s internal reporting systems.
Customer A 422,949,908 107,315,564
Customer B 198,086,095 *
Customer C 123,855,044 51,087,419
In 2023 and 2024, CHC Holdings Sdn. Bhd. held 458,850,000 shares (48.94%) and Alexander Lo Tzone Leong held 197,539,350 shares (21.07%), together holding 70.01% of the shares.2023 与 2024 年，CHC Holdings Sdn. Bhd. 持有 458,850,000 股（48.94%），Alexander Lo Tzone Leong 持有 197,539,350 股（21.07%），两人合计持有 70.01% 股份。
Sources (6)出处（6）
5% and above of issued Shares 2 0.04 656,389,350 70.01
CHC Holdings Sdn. Bhd. 458,850,000 48.94 - -
Alexander Lo Tzone Leong 197,539,350 21.07 - -
5% and above of issued Shares 2 0.04 656,389,350 70.01
CHC Holdings Sdn. Bhd. 458,850,000 48.94 - -
Alexander Lo Tzone Leong 197,539,350 21.07 - -
In the directors' interests table, Cheah Ham Cheia's interest fell from 458,850,000 to 305,070,000 shares during 2025, and Alexander Lo Tzone Leong's from 197,539,350 to 116,944,350 shares. In the 2025 report's shareholder list, CHC Holdings Sdn. Bhd. held 116,945,000 shares (11.34%), Alexander Lo Tzone Leong 116,944,350 shares (11.34%), and Andy Lai Wee Young 135,309,700 shares (13.12%), including 50,908,654 shares (4.94%), 47,401,046 shares (4.60%) and 37,000,000 shares (3.59%) held through pledged securities accounts.董事权益表显示，2025 年内 Cheah Ham Cheia 的权益由 458,850,000 股降至 305,070,000 股，Alexander Lo Tzone Leong 由 197,539,350 股降至 116,944,350 股。2025 年年报的股东名单中，CHC Holdings Sdn. Bhd. 持有 116,945,000 股（11.34%），Alexander Lo Tzone Leong 持有 116,944,350 股（11.34%），Andy Lai Wee Young 持有 135,309,700 股（13.12%），其中包括通过质押证券账户持有的 50,908,654 股（4.94%）、47,401,046 股（4.60%）和 37,000,000 股（3.59%）。
Sources (8)出处（8）
Alexander Lo Tzone Leong 197,539,350 - (80,595,000) 116,944,350
Cheah Ham Cheia* 458,850,000 - (153,780,000) 305,070,000
CHC Holdings Sdn. Bhd. 116,945,000 11.34 - -
Alexander Lo Tzone Leong 116,944,350 11.34 - -
Andy Lai Wee Young 135,309,700 13.12 - -
3. Mercsec Nominees (Tempatan) Sdn Bhd 50,908,654 4.94 Pledged Securities Account for Andy Lai Wee Young
4. Affin Hwang Nominees (Tempatan) Sdn. Bhd. 47,401,046 4.60 Pledged Securities Account for Andy Lai Wee Young
7. Kenanga Nominees (Tempatan) Sdn Bhd 37,000,000 3.59 Pledged Securities Account for Andy Lai Wee Young
Cheah Ham Cheia is the father of Executive Director Cheah Jun Kai. On 16 December 2025, Cheah Ham Cheia resigned as Group Managing Director and became alternate director to Cheah Jun Kai, while Andy Lai Wee Young was appointed Acting Group Managing Director.Cheah Ham Cheia 是执行董事 Cheah Jun Kai 的父亲。2025 年 12 月 16 日，Cheah Ham Cheia 辞任集团董事总经理并转任 Cheah Jun Kai 的候补董事，Andy Lai Wee Young 获委任为代集团董事总经理。
Sources (6)出处（6）
He is the father of Mr. Cheah Jun Kai, an Executive Director of GDB.
He is the father of Mr. Cheah Jun Kai, an Executive Director of GDB. He does not hold any directorship in other public companies and listed issuers.
Mr. Andy Lai Wee Young (“Mr. Andy”) was appointed to our Board as an Executive Director/ Acting Group Managing Director on 16 December 2025.
He is the son of Mr. Cheah Ham Cheia, an Alternate Director of the Company, a former Group Managing Director of GDB, and also a major shareholder of the Company.
Mr. Cheah Ham Cheia (“Mr. Cheah”) had on 16 December 2025 resigned as our Group Managing Director and was appointed as an alternate director to Mr. Cheah Jun Kai on the same date.
In facilitating a seamless succession, Mr. Cheah Ham Cheia transitioned from Group Managing Director to Board Advisor, and serves as an Alternate Director to Mr. Cheah Jun Kai, Executive Director of the Company.
Major events大事记
2023On 19 April 2023, GDBSB and Damai City Sdn Bhd issued mutual notices of determination terminating the contract for the 8 Conlay project.2023 年 4 月 19 日，GDBSB 与 Damai City Sdn Bhd 互相发出终止通知，终止 8 Conlay 项目合同。
Sources (2)出处（2）
On 19 April 2023, Grand Dynamic Builders Sdn. Bhd. (“GDBSB”) a wholly-owned subsidiary of the Company has received a Notice of Determination from DCSB to determine the Letter of Award dated 9 November 2020 for the development of the 8 Conlay Project.
On the same day, GDBSB exercised its rights to immediately determine the contract for the 8 Conlay Project by serving a Notice of Determination to DCSB.
2023GDB completed a project on 27 October 2023, 4 days ahead of schedule.GDB 于 2023 年 10 月 27 日完成一项工程，比原定工期提前 4 天。
Sources (1)出处（1）
Despite the impact of COVID-19 from 2020-2022, we still managed to complete the project on 27 October 2023, 4 days ahead of schedule.
2024On 31 January 2024, GDBSB secured a RM306 million project to build a private hospital in Bukit Jalil.2024 年 1 月 31 日，GDBSB 斩获价值 RM306 million 的武吉加里尔私立医院建造工程。
Sources (1)出处（1）
On 31 January 2024, GDBSB has secured a RM306 million project to build a private hospital in Bukit Jalil, Kuala Lumpur from KL International Hospital Sdn. Bhd., a subsidiary of KL Wellness City Sdn. Bhd.
2024GDBSB secured the Logistic Hub Plot B contract for RM865.7 million and the Metrohub 4 Logistic Hub contract for RM298.0 million.GDBSB 斩获 RM865.7 million 的 Logistic Hub Plot B 合约与 RM298.0 million 的 Metrohub 4 物流枢纽合约。
Sources (2)出处（2）
2. Logistic Hub Plot B, Shah Alam Contract Value: RM865.7 million Client: Strategic Sonata Sdn. Bhd. Commencement date: 20 June 2024 Scheduled completion date: 19 December 2026 (30 months)
3. Metrohub 4 Logistic Hub, Klang Contract Value: RM298.0 million Client: SDPLOG 1 (Industrial Asset III) Sdn. Bhd. Commencement date: 23 December 2024 Scheduled completion date: 22 August 2026 (20 months)
2025On 16 October 2025, the company completed a private placement of 93,750,000 shares, raising gross proceeds of approximately RM39.28 million.2025 年 10 月 16 日，公司完成 93,750,000 股私募配售，募集所得款项总额约 RM39.28 million。
Sources (1)出处（1）
The Company completed the Private Placement on 16 October 2025 for the listing of and quotation for the 93,750,000 Placement Shares on the Main Market of Bursa Securities. The gross proceeds raised amounted to approximately RM39.28 million.
2025Cheah Ham Cheia resigned as Group Managing Director on 16 December 2025 and Andy Lai Wee Young was appointed Acting Group Managing Director.Cheah Ham Cheia 于 2025 年 12 月 16 日辞去集团董事总经理职务，Andy Lai Wee Young 获委任为代集团董事总经理。
Sources (2)出处（2）
Mr. Andy Lai Wee Young (“Mr. Andy”) was appointed to our Board as an Executive Director/ Acting Group Managing Director on 16 December 2025.
Mr. Cheah Ham Cheia (“Mr. Cheah”) had on 16 December 2025 resigned as our Group Managing Director and was appointed as an alternate director to Mr. Cheah Jun Kai on the same date.
2026The High Court entered judgment on 12 February 2026 in favour of GDBSB ordering KSK Land Sdn Bhd to pay RM102,076,171.93.高等法院于 2026 年 2 月 12 日作出有利于 GDBSB 的判决，令 KSK Land Sdn Bhd 支付 RM102,076,171.93。
Sources (1)出处（1）
the Honourable High Court has entered judgment on 12 February 2026 in favour of GDBSB (as the Plaintiff), and against the KSKL (in liquidation) (as the Defendant) as follows: (i) the Claimed Sum of RM102,076,171.93 to be payable by KSKL to GDBSB;
2026A subsidiary agreed on 13 February 2026 to acquire three parcels of land in Sarawak for RM32.72 million.附属公司于 2026 年 2 月 13 日同意以 RM32.72 million 收购砂拉越的三幅土地。
Sources (2)出处（2）
for the acquisition of three (3) parcels of land measuring approximately 21,926 square metres in total, all situated in the State of Sarawak for a total cash consideration of RM32.72 million.
(b) On 13 February 2026, GDBDSB, a wholly-owned subsidiary of the Company, had entered into separate sale and purchase agreements with Mighty Metaverse Sdn. Bhd., Borneo 1 Stop Business Services Sdn. Bhd. and Sport Pavillion Sendirian Berhad
Revenue, profit and operating cash营业额、税前盈利与营运现金
Revenue营业额
2022
RM510.1m5.10亿令吉
2023
RM319.6m3.20亿令吉
2024
RM258.2m2.58亿令吉
2025
RM748.1m7.48亿令吉
Profit before taxation税前盈利
2022
RM21.8m2.18千万令吉
2023
RM10.9m1.09千万令吉
2024
RM40.0m4.00千万令吉
2025
RM69.1m6.91千万令吉
Net cash from operating activities营运活动所得现金净额
2022
–RM34.1m–3.41千万令吉
2023
RM30.1m3.01千万令吉
2024
RM0.10m10万令吉
2025
RM104.4m1.04亿令吉
Assets and equity资产与权益
Total assets总资产
2022
RM368.7m3.69亿令吉
2023
RM346.7m3.47亿令吉
2024
RM372.7m3.73亿令吉
2025
RM485.8m4.86亿令吉
Total equity总权益
2022
RM160.9m1.61亿令吉
2023
RM169.3m1.69亿令吉
2024
RM196.0m1.96亿令吉
2025
RM273.5m2.74亿令吉
Cash, fixed deposits and short-term investments现金、定期存款与短期投资
Cash and bank balances现金与银行结余
2022
RM8.20m820万令吉
2023
RM46.6m4.66千万令吉
2024
RM24.0m2.40千万令吉
2025
RM27.8m2.78千万令吉
Fixed deposits with licensed banks定期存款
2022
RM17.2m1.72千万令吉
2023
RM9.97m997万令吉
2024
RM9.17m917万令吉
2025
RM26.3m2.63千万令吉
Short-term investments短期投资
2022
RM20.8m2.08千万令吉
2023
RM22.4m2.24千万令吉
2024
RM47.9m4.79千万令吉
2025
RM151.9m1.52亿令吉
20232023 年
Revenue fell by 37.3% to RM319.6 million from RM510.1 million. Cash and cash equivalents rose by 137.6% to RM69.0 million from RM29.0 million. Proceeds from disposal of plant and equipment were RM2,814,969, while purchases of plant and equipment were RM1,787,247. The group held no bank borrowings and declared no dividend for the year.营业额下降 37.3% 至 RM319.6 million（上年为 RM510.1 million）。现金及现金等价物增长 137.6% 至 RM69.0 million（上年为 RM29.0 million）。脱售厂房及设备所得为 RM2,814,969，购置厂房及设备支出为 RM1,787,247。集团无银行借款，且本年度未宣派股息。
Sources (7)出处（7）
Given the challenging year, the Board of Directors has decided not to declare dividends for the FYE 2023, prioritizing the need to maintain healthy cash flow and ensure sufficient funds for the Group’s business operations.
However, due to limited opportunities to secure new projects for FYE 2023, our revenue decreased by 37.3% to RM319.6 million, from RM510.1 million a year ago.
Yet, the Group continued to maintain a healthy balance sheet and a net cash position with no bank borrowings.
Cash and cash equivalents stood at RM69.0 million compared to RM29.0 million a year ago, higher by 137.6% attributed to improved collection of receivables, release of pledged fixed deposits upon successful completion of projects and proceeds from sale of plant and equipment.
No dividend was recommended by the directors for the financial year.
Proceeds from disposal of plant and equipment 2,814,969 256,945 - -
Purchase of plant and equipment (1,787,247) (1,149,411) - -
20242024 年
Net cash from operating activities dropped to RM99,561. An impairment loss of RM10,000,000 was recognized on trade receivables from the 8 Conlay project. Purchases of plant and equipment were RM2,479,956 and proceeds from disposal of plant and equipment were RM2,107,613. The board declared an interim dividend of 0.7 sen per share amounting to approximately RM6.6 million.营运活动所得现金净额降至 RM99,561。对 8 Conlay 项目的贸易应收款项计提了 RM10,000,000 减值损失。购置厂房及设备为 RM2,479,956，脱售厂房及设备所得为 RM2,107,613。董事会宣布派发每股 0.7 仙的中期股息，总额约为 RM6.6 million。
Sources (7)出处（7）
Reflecting our improved financial performance, the Board of Directors declared an interim dividend of 0.7 sen per share in respect of FYE 2024, amounting to a payout of approximately RM6.6 million.
Impairment losses on trade receivables 10,000,000 - - -
NET CASH FROM OPERATING ACTIVITIES 99,561 30,120,601 950,347 109,792
Proceeds from disposal of plant and equipment 2,107,613 2,814,969 - -
Purchase of plant and equipment (2,479,956) (1,787,247) - -
Allowance for impairment losses (Note 34.1(b)(iii)) (10,000,000) - 146,600,147 141,737,594
(b) Included in the trade receivables at the end of the reporting period is an amount of approximately RM89.42 million (2023 - RM99.42 million) relating to the 8 Conlay Project which is the subject matter of the Group’s ongoing litigations as disclosed in Note 35 to the financial statements.
20252025 年
Revenue reached RM748.1 million and net cash from operating activities was RM104,394,450. A further impairment loss of RM52.0 million was recognized on trade receivables from the 8 Conlay project. The company raised net proceeds of RM39,043,079 from the issuance of 93,750,000 ordinary shares under a private placement. Purchases of property, plant and equipment were RM5,680,510, while short-term investment placements were RM75,755,809. Dividends paid amounted to RM15,937,500.营业额达 RM748.1 million，营运活动所得现金净额为 RM104,394,450。对 8 Conlay 项目贸易应收款项进一步计提 RM52.0 million 减值损失。公司通过私募配售发行 93,750,000 股普通股，募得净额 RM39,043,079。购置物业、厂房及设备支出 RM5,680,510，短期投资投放 RM75,755,809。已付股息总额为 RM15,937,500。
Sources (12)出处（12）
GDB delivered an exceptional revenue of RM748.1 million and a net profit of RM54.3 million in FY2025, representing a substantial increase from RM258.2 million and RM26.8 million respectively in the previous financial year.
GDB recognised a non-cash impairment of RM52.0 million in relation to the 8 Conlay project.
The Company completed the Private Placement on 16 October 2025 for the listing of and quotation for the 93,750,000 Placement Shares on the Main Market of Bursa Securities. The gross proceeds raised amounted to approximately RM39.28 million.
A second single-tier interim dividend of RM0.005 per ordinary share, paid on 25 September 2025 4,687,500 15,937,500
the Company increased its issued and paid-up share capital from RM62,564,078 to RM101,607,157 through a private placement involving the issuance of 93,750,000 new ordinary shares for a cash consideration of RM0.419 each for working capital purpose
IMPAIRMENT LOSSES ON FINANCIAL ASSETS 22 (52,000,000) (10,000,000) - -
Purchase of property, plant and equipment (5,680,510) (2,479,956) - -
Placement in short-term investments (75,755,809) (5,002,896) (25,298,464) (5,002,896)
Net proceeds from issuance of ordinary shares 39,043,079 - 39,043,079 -
Dividends paid (15,937,500) - (15,937,500) -
NET CASH FROM/(FOR) OPERATING ACTIVITIES 104,394,450 2,099,561 (772,396) 950,347
Impairment losses on trade receivables (Note 32.1(b)(iii)) 52,000,000 10,000,000
Across the three years三年合看
GDB operated with zero bank borrowings throughout the period. Total impairment allowances on trade receivables reached RM62,000,000 at end 2025. Outstanding order book moved from RM398 million in 2023 to RM1.31 billion in 2024 and RM550.0 million at end 2025.在此期间 GDB 始终保持零银行借款。截至 2025 年底，贸易应收款项累计减值拨备达 RM62,000,000。未完成订单总额从 2023 年的 RM398 million 变为 2024 年的 RM1.31 billion，并在 2025 年底达 RM550.0 million。
Sources (10)出处（10）
This substantial win, along with our existing Logistic Hub contract, propelled GDB’s order book to RM398 million, securing financial stability and visibility through to 2026.
Yet, the Group continued to maintain a healthy balance sheet and a net cash position with no bank borrowings.
Outstanding Order Book RM1.31 billion RM398 million
The debt-to-equity of the Group and the Company at the end of the reporting period are not presented as there is no external borrowing.
GDB closed FY2025 with a robust order book of RM550.0 million, and accelerated its momentum in the early part of the financial year ending 31 December 2026 (“FY2026”) with major project awards in Sarawak, extending earnings visibility until 2029.
Notably, GDB continues to operate with no borrowings, while providing exceptional financial flexibility to pursue new opportunities and navigate potential market uncertainties.
Outstanding Order Book (RM billion) 0.55 1.31
Third parties 153,101,498 156,600,147 Allowance for impairment losses (Note 32.1(b)(iii)) (62,000,000) (10,000,000) 91,101,498 146,600,147
Additions (Note 22) 52,000,000 10,000,000 Balance at 31 December 62,000,000 10,000,000
The debt-to-equity of the Group and the Company at the end of the reporting period are not presented as there is no external borrowing.
Still to be spent尚未支出的承诺
Unutilised IPO proceeds of RM8.0 million earmarked for the acquisition of land for storage had their timeframe extended to 26 March 2026, and further to 26 March 2028. From the private placement, RM9.04 million of proceeds remained for future projects.预留用于收购仓储用地的剩余 RM8.0 million 首次公开售股所得款项，动用期限已延长至 2026 年 3 月 26 日，随后进一步延长至 2028 年 3 月 26 日。私募配售募集所得中，有 RM9.04 million 留待用于未来项目。
Sources (7)出处（7）
The Company had on 13 March 2023 resolved to extend the timeframe for the utilisation of the remaining IPO Proceeds of RM8.0 million earmarked for the acquisition of land for storage of construction machinery and equipment for a further thirty-six (36) months period until 26 March 2026.
The Company had on 13 March 2023 resolved to extend the timeframe for the utilisation of the remaining IPO Proceeds of RM8.0 million earmarked for the acquisition of land for storage of construction machinery and equipment for a further thirty-six (36) months period until 26 March 2026.
resolved to extend the timeframe for the utilisation of the remaining IPO Proceeds of RM8.0 million which have been earmarked for the acquisition of land for storage of construction machinery and equipment for a further twenty-four (24) months period up to 26 March 2028
• Acquisition of land for storage 8,000 - - - 8,000(d) Within 1 year Within 8 years Within 10 years
The Company completed the Private Placement on 16 October 2025 for the listing of and quotation for the 93,750,000 Placement Shares on the Main Market of Bursa Securities. The gross proceeds raised amounted to approximately RM39.28 million.
• Future projects to be secured, including infrastructure-related opportunities 9,021 22 - 9,043 Within 12 months
Placement 260 (22) (238) - Within one (1) month Total 39,281 - (30,238) 9,043
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 | 510,055,155 | 319,648,619 | 258,228,996 | 748,091,738 |
| Profit before taxation税前盈利 | 21,796,178 | 10,929,821 | 40,013,228 | 69,057,634 |
| Profit after taxation attributable to owners归属母公司股东净利 | 17,198,714 | 8,033,421 | 26,754,722 | 54,260,957 |
| Net cash from operating activities营运活动所得现金净额 | (34,139,053) | 30,120,601 | 99,561 | 104,394,450 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (1,149,411) | (1,787,247) | (2,479,956) | (5,680,510) |
| Dividends paid已付股息 | (6,562,500) | 0 | 0 | (15,937,500) |
| Total assets总资产 | 368,652,088 | 346,711,236 | 372,705,165 | 485,750,594 |
| Total equity总权益 | 160,919,172 | 169,253,190 | 195,986,125 | 273,525,607 |
| Cash and bank balances现金与银行结余 | 8,200,041 | 46,589,143 | 24,041,885 | 27,794,585 |
| Fixed deposits with licensed banks定期存款 | 17,223,130 | 9,968,832 | 9,170,536 | 26,347,751 |
| Short-term investments短期投资 | 20,844,206 | 22,427,564 | 47,899,448 | 151,930,110 |
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 |
|---|---|---|
| Utilising the remaining IPO proceeds of RM8.0 million for land acquisition by 26 March 2026在 2026 年 3 月 26 日前动用剩余的 RM8.0 million 首次公开售股所得款项收购土地 | As of 31 December 2024 the RM8.0 million was unutilised, and the timeframe was later extended to 26 March 2028.截至 2024 年 12 月 31 日该 RM8.0 million 仍未动用，其后期限进一步延长至 2028 年 3 月 26 日。Sources (3)出处（3）The Company had on 13 March 2023 resolved to extend the timeframe for the utilisation of the remaining IPO Proceeds of RM8.0 million earmarked for the acquisition of land for storage of construction machinery and equipment for a further thirty-six (36) months period until 26 March 2026. As of 31 December 2024, the Company did not utilised the remaining IPO Proceeds totalling RM8.0 million for the intended purpose. resolved to extend the timeframe for the utilisation of the remaining IPO Proceeds of RM8.0 million which have been earmarked for the acquisition of land for storage of construction machinery and equipment for a further twenty-four (24) months period up to 26 March 2028 | Extended again再度延期 |
| The 25-month contract for KL International Hospital commenced on 16 March 2024 was targeted for completion on 15 April 2026.2024 年 3 月 16 日开工的吉隆坡国际医院 25 个月合约，目标于 2026 年 4 月 15 日完工。 | The 2025 report noted that the project was under construction at approximately 75% completed.2025 年报指出该项目正在施工中，完成度约为 75%。Sources (2)出处（2）The 25-month contract commenced on 16 March 2024 is targeted for completion on 15 April 2026. KL International Hospital project under construction (approximately 75% completed), illustrating the importance of managing construction activities responsibly within an urban environment. | Still in progress进行中 |
| Striving to resume dividend payments once earnings visibility, project wins, and litigation debt recovery become clear在盈利前景、项目中标及诉讼追讨欠款明朗后，争取恢复派发股息 | The board declared an interim dividend of 0.7 sen per share for 2024 and total dividends of 1.0 sen per ordinary share for 2025.董事会就 2024 财政年度宣布派发每股 0.7 仙中期股息，并就 2025 财政年度宣布每股普通股共 1.0 仙股息。Sources (3)出处（3）We aim to further develop our company through proven growth strategies and strive to resume dividend payments once we have clear visibility of our earnings, project wins, resolution of ongoing litigation, and recovery of the outstanding debts for the 8 Conlay project. Reflecting our improved financial performance, the Board of Directors declared an interim dividend of 0.7 sen per share in respect of FYE 2024, amounting to a payout of approximately RM6.6 million. In recognition of the Group’s strong financial performance, GDB is pleased to declare a total dividend of 1.0 sen per ordinary share in respect of FY2025, an increase from 0.7 sen per ordinary share in the previous year. | Resumed已恢复派息 |
| Logistic Hub Plot B targeting GreenRE GOLD certification and Metrohub 4 targeting LEED GOLD certificationLogistic Hub Plot B 瞄准 GreenRE 金级认证，Metrohub 4 瞄准 LEED 金级认证 | The 2025 report recorded Logistics Hub Plot B as pursuing GreenRE Gold certification, while ongoing projects were scheduled for completion in FY2026.2025 年报记录 Logistics Hub Plot B 正在争取 GreenRE 金级认证，在建项目计划于 2026 财政年度完工。Sources (3)出处（3）other projects such as the Kuala Lumpur International Hospital targeting the Green Building Index (GBI) certification, Logistics Hub Plot B targeting GreenRE GOLD certification and SDPLOG i7A Metro Hub 4 targeting LEED GOLD certification Drawing on a track record of timely project delivery, ongoing projects are progressing smoothly toward their scheduled completions in FY2026. In addition to SDPLOG 1 [Metrohub 1], other projects currently pursuing sustainability certifications include the Kuala Lumpur International Hospital, which is targeting Green Building Index (GBI) certification, Logistics Hub Plot B, which is targeting GreenRE Gold certification | Still in progress进行中 |
| Exploring opportunities to expand into civil and infrastructure construction探索拓展至土木与基础设施建筑领域的机会 | In 2025 GDB incorporated GDB Infra Sdn Bhd, and by 18 March 2026 secured three new projects in Sarawak totalling RM236.9 million.2025 年 GDB 设立了 GDB Infra Sdn Bhd，并在 2026 年 3 月 18 日前在砂拉越斩获三个总值 RM236.9 million 的新项目。Sources (4)出处（4）The Group intends to continue exploring opportunities to expand into the civil and infrastructure construction segments and will provide updates as and when there are significant developments. The Group intends to continue exploring opportunities to expand into the civil and infrastructure construction segments. During the FYE 2025, GDB incorporated two new wholly-owned subsidiaries, GDB Infra Sdn Bhd ("GDBISB") and GDB Development Sdn Bhd, on 21 October 2025 and 27 November 2025 respectively. As at 18 March 2026, we secured three new projects in Sarawak totalling RM236.9 million: | Subsidiary set up; three Sarawak projects won已设立子公司；赢得三个砂拉越项目 |
What the reports leave open年报留下待看的事
- The appeal filed on 6 March 2026 by KSK Land Sdn Bhd against the High Court judgment awarding RM102,076,171.93 to GDBSB.KSK Land Sdn Bhd 于 2026 年 3 月 6 日就高等法院判决向 GDBSB 支付 RM102,076,171.93 所提出的上诉。
Sources (2)出处（2）
the Honourable High Court has entered judgment on 12 February 2026 in favour of GDBSB (as the Plaintiff), and against the KSKL (in liquidation) (as the Defendant) as follows: (i) the Claimed Sum of RM102,076,171.93 to be payable by KSKL to GDBSB;
On 12 March 2026, the Company announced that KSKL (in liquidation) filed a Notice of Appeal dated 6 March 2026 in the Court of Appeal against the entirety of the High Court judgment dated 12 February 2026 that was delivered in favour of GDBSB.
- Recovery of the remaining DCSB trade receivables of approximately RM37.42 million and contract assets of approximately RM48.32 million, after RM62,000,000 in impairment allowances.在计提 RM62,000,000 减值拨备后，DCSB 剩余约 RM37.42 million 贸易应收款项及约 RM48.32 million 合约资产的追讨进展。
Sources (4)出处（4）
The balance of trade receivables and contract assets owing by DCSB as at the reporting date amounted to approximately RM37.42 million and RM48.32 million respectively, which are also the subject matter of the Group’s ongoing litigations as disclosed in Note 35(1) to the financial statements.
(e) Included in the contract assets at the end of the reporting period is an amount of approximately RM48.32 million (2024 - RM48.32 million) (including retention sum receivable amounting to RM21.80 million (2024 - RM21.80 million)) relating to the 8 Conlay Project
Third parties 153,101,498 156,600,147 Allowance for impairment losses (Note 32.1(b)(iii)) (62,000,000) (10,000,000) 91,101,498 146,600,147
Additions (Note 22) 52,000,000 10,000,000 Balance at 31 December 62,000,000 10,000,000
- Execution of the RM32.72 million land acquisition in Sarawak and the planned mixed-use project with an estimated Gross Development Value of RM700 million.砂拉越 RM32.72 million 购地交易的执行，以及预计总开发总值 RM700 million 综合开发项目的推进情况。
Sources (3)出处（3）
Through GDB Development, we intend to launch a mixed-use project with an estimated Gross Development Value (GDV) of RM700 million, comprising serviced apartments, SOHO units, and retail components.
for the acquisition of three (3) parcels of land measuring approximately 21,926 square metres in total, all situated in the State of Sarawak for a total cash consideration of RM32.72 million.
(b) On 13 February 2026, GDBDSB, a wholly-owned subsidiary of the Company, had entered into separate sale and purchase agreements with Mighty Metaverse Sdn. Bhd., Borneo 1 Stop Business Services Sdn. Bhd. and Sport Pavillion Sendirian Berhad
- Utilisation of the remaining RM8.0 million IPO proceeds earmarked for storage land ahead of the extended deadline of 26 March 2028.用于收购仓储用地的剩余 RM8.0 million 首次公开售股款项在延期至 2028 年 3 月 26 日的截止日期前的动用进展。
Sources (2)出处（2）
resolved to extend the timeframe for the utilisation of the remaining IPO Proceeds of RM8.0 million which have been earmarked for the acquisition of land for storage of construction machinery and equipment for a further twenty-four (24) months period up to 26 March 2028
• Acquisition of land for storage 8,000 - - - 8,000(d) Within 1 year Within 8 years Within 10 years
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-17.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 2026-10-17。