DailySpaceJati Tinggi Group Berhad
0292 · ACE Market创业板（ACE Market） · annual reports 2024 to 2025, 208 entries read2024 至 2025 年报，共读出 208 条
The company这家公司
Jati Tinggi Group Berhad is a Malaysia-based provider of underground utilities engineering services and solutions, substation engineering, procurement, construction and commissioning services, and trading of equipment. Its operations are carried out in Malaysia.Jati Tinggi Group Berhad 是一家总部位于马来西亚的地下设施工程服务与解决方案、变电站工程、采购、施工和提效服务以及设备交易供应商。其业务全部在马来西亚进行。
Sources (4)出处（4）
The provision of underground utilities engineering services and solutions segment remained our primary revenue contributor, accounting for approximately 99.70% of total revenue for FYE2024.
Malaysia 128,013,975 115,040,171
The provision of underground utilities engineering services and solutions segment remained our primary revenue contributor, accounting for approximately 99.20% of total revenue for FYE2025.
Malaysia 194,997,841 128,013,975
Provision of underground utilities engineering services and solutions is the primary revenue contributor, accounting for 99.70% of total revenue in 2024 and 99.20% in 2025.地下设施工程服务与解决方案是主要营业额来源，占 2024 年总营业额的 99.70% 及 2025 年的 99.20%。
Sources (2)出处（2）
The provision of underground utilities engineering services and solutions segment remained our primary revenue contributor, accounting for approximately 99.70% of total revenue for FYE2024.
The provision of underground utilities engineering services and solutions segment remained our primary revenue contributor, accounting for approximately 99.20% of total revenue for FYE2025.
In 2024, Customer B contributed RM52.89 million and Customer A contributed RM42.16 million to revenue. In 2025, Customer C contributed RM61.21 million, Customer A contributed RM53.12 million, Customer D contributed RM29.29 million, and Customer B contributed RM21.33 million.2024 年，客户 B 贡献营业额 RM52.89 million，客户 A 贡献 RM42.16 million。2025 年，客户 C 贡献 RM61.21 million，客户 A 贡献 RM53.12 million，客户 D 贡献 RM29.29 million，客户 B 贡献 RM21.33 million。
Sources (5)出处（5）
Customer A 42,158,410 69,728,137 Malaysia (U) Customer B 52,894,277 22,097,596 Malaysia (U) Customer C NA 12,256,296 Malaysia (U)
Customer C 61,211,873 -
Customer A 53,122,080 42,158,410
Customer D 29,286,355 -
Customer B 21,326,348 -
Broad River Capital Sdn Bhd holds 200,000,000 shares (51.05% in 2024 and 45.87% in 2025). Managing Director Dato' Seri Lim Yeong Seong held 54,000,480 shares (13.78%) in 2024 and 51,000,480 shares (11.70%) in 2025, and holds deemed interest in Broad River Capital Sdn Bhd. Executive Director and Chief Operating Officer Chin Jiunn Shyong held 18,000,160 shares (4.59%) in 2024 and 17,400,160 shares (3.99%) in 2025. Lim Ming Hong held 18,000,160 shares (4.59%) in 2024 and 16,800,160 shares (3.85%) in 2025.Broad River Capital Sdn Bhd 持有 200,000,000 股（2024 年占 51.05%，2025 年占 45.87%）。董事总经理 Dato' Seri Lim Yeong Seong 在 2024 年持有 54,000,480 股（13.78%），2025 年持有 51,000,480 股（11.70%），并间接持有 Broad River Capital Sdn Bhd 权益。执行董事兼首席营运官 Chin Jiunn Shyong 在 2024 年持有 18,000,160 股（4.59%），2025 年持有 17,400,160 股（3.99%）。Lim Ming Hong 在 2024 年持有 18,000,160 股（4.59%），2025 年持有 16,800,160 股（3.85%）。
Sources (9)出处（9）
Chin Jiunn Shyong 25,000,160 - (7,000,000) 18,000,160
Broad River Capital Sdn Bhd 200,000,000 51.05 - -
Dato’ Seri Lim Yeong Seong 54,000,480 13.78 (2)200,000,000 51.05
Lim Ming Hong 18,000,160 4.59 (2)200,000,000 51.05
Chin Jiunn Shyong 18,000,160 600,000 (1,200,000) 17,400,160
Broad River Capital Sdn Bhd 200,000,000 45.87 – –
Dato’ Seri Lim Yeong Seong 51,000,480 11.70 (2)200,007,500 45.87
Chin Jiunn Shyong 17,400,160 3.99 (3)216,800,160 49.73
Lim Ming Hong 16,800,160 3.85 (4)200,000,000 45.87
Dato' Seri Lim Yeong Seong is the brother of Lim Ming Hong and brother-in-law of Chin Jiunn Shyong, who is married to Lim Ming Hong. Mr Teo was promoted to Chief Commercial Officer on 1 May 2025, Lim Zi Fan was appointed Alternate Director to Dato' Seri Lim Yeong Seong, and TGS TW PLT was appointed auditor following Crowe's resignation.Dato' Seri Lim Yeong Seong 是 Lim Ming Hong 的兄弟，也是 Chin Jiunn Shyong 的姻亲兄弟，后者与 Lim Ming Hong 结婚。Mr Teo 于 2025 年 5 月 1 日升任首席商务官，Lim Zi Fan 获委任为 Dato' Seri Lim Yeong Seong 的替代董事，Crowe 辞任审计师后由 TGS TW PLT 接任。
Sources (6)出处（6）
Dato’ Seri Lim is the brother of Madam Lim Ming Hong, a substantial shareholder of the Company and the brother-in-law of Mr Chin Jiunn Shyong, an Executive Director/Chief Operating Officer of the Group.
Mr Chin is the spouse of Madam Lim Ming Hong, a substantial shareholder of the Company who is also the sister of Dato’ Seri Lim.
With effect from 1 May 2025, Mr Teo was promoted to Chief Commercial Officer (“CCO”) of the Group, where he assumed overall responsibility for the Group’s commercial and business development functions and leads the Commercial Division.
Subsequent thereto on 30 September 2025, the Company had received a notice in writing from Crowe on their resignation as Auditors of the Company.
The ARMC had subsequently reviewed and recommended that Messrs. TGS TW PLT (“TGS”) be appointed as the External Auditors of the Company for the financial year ended 30 November 2025 in place of Crowe.
Lim Zi Fan (Alternate Director of Dato’ Seri Lim Yeong Seong)
Major events大事记
Sources (1)出处（1）
Following our successful listing on the ACE Market of Bursa Malaysia Securities Berhad on 20 December 2023, which raised gross proceeds of RM18.04 million
Sources (1)出处（1）
As part of our asset optimisation strategy, we successfully disposed of an investment property, generating net proceeds of RM15.62 million and a gain on disposal of RM7.37 million.
Sources (1)出处（1）
In August 2024, we secured a contract worth RM33.80 million in relation to provision of horizontal directional drilling work for the installation of 275kV cable ducts for a data centre at Elmina Business Park located in the District of Gombak, Selangor.
Sources (2)出处（2）
The Company had on 15 August 2025 completed a private placement following the issuance of 39,180,000 new ordinary shares (“Placement Shares”) at RM0.51 per share (“Private Placement”).
The Private Placement has raised gross proceeds of RM19,981,800.
Sources (1)出处（1）
a contract worth RM161.45 million pursuant to a letter of acceptance dated 27 May 2025 from TNB, via an unincorporated joint venture between Jati Tinggi Holding Sdn Bhd and Idiqa Holding Sdn Bhd, for the establishment of a PMU and 275kV bulk supply connection to a data centre in Johor; and
Sources (1)出处（1）
Subsequent to the financial year end, on 5 March 2026, the Group entered into a conditional share subscription agreement (“SSA”) with Roflex Pipe Sdn Bhd (“Roflex”) for the proposed subscription of 520,408 new ordinary shares in Roflex, representing approximately 51.00% equity interest
Revenue and profit after taxation营业额与税后盈利
Total equity and total liabilities总权益与总负债
Fixed deposits and cash balances定期存款与现金结余
20242024 年
Following its listing on the ACE Market on 20 December 2023, which raised gross proceeds of RM18.04 million, the group utilised RM7.00 million for bank borrowings repayment, RM7.34 million for general working capital, and RM3.50 million for listing expenses by November 2024. An investment property was disposed of for net proceeds of RM15.62 million, recording a gain on disposal of RM7.37 million. Net impairment loss on financial assets was RM3.74 million, and no dividend was recommended.随公司于 2023 年 12 月 20 日在创业板上市筹集 RM18.04 million 毛收益后，截至 2024 年 11 月，集团动用了 RM7.00 million 偿还银行借款，RM7.34 million 用于一般营运资金，RM3.50 million 用于上市费用。脱售一项投资产业获得 RM15.62 million 净收益，录得 RM7.37 million 脱售收益。金融资产减值损失净额为 RM3.74 million，未建议派发股息。
Sources (9)出处（9）
Following our successful listing on the ACE Market of Bursa Malaysia Securities Berhad on 20 December 2023, which raised gross proceeds of RM18.04 million
By November 2024, we had utilised RM7.00 million to repay bank borrowings and RM7.34 million for working capital requirements to support both new and existing projects.
The Group recorded a net impairment loss on financial assets of RM3.74 million in FYE2024, compared to a net impairment gain of RM0.08 million in FYE2023.
Repayment of bank borrowings 7,000 7,000 -
General working capital 7,336 7,336 -
Estimated listing expenses 3,500 3,500 -
As part of our asset optimisation strategy, we successfully disposed of an investment property, generating net proceeds of RM15.62 million and a gain on disposal of RM7.37 million.
No dividend was recommended by the directors for the financial year.
Gain on disposal of investment property (7,372,500) - - -
20252025 年
On 15 August 2025, the company completed a private placement of 39,180,000 new shares at RM0.51 per share, raising gross proceeds of RM19.98 million, of which RM19.497 million was allocated for working capital. Net drawdown of loans and borrowings reached RM27.97 million to support working capital for expanded projects, while pledged fixed deposits increased to RM13.288 million. No dividend was proposed or paid.2025 年 8 月 15 日，公司完成私下配售 39,180,000 股新股，每股 RM0.51，筹集 RM19.98 million 毛收益，其中 RM19.497 million 用于营运资金。为了支持扩大的项目营运资金，贷款与借款净提取额达 RM27.97 million，已抵押定期存款增至 RM13.288 million。未建议或派发股息。
Sources (6)出处（6）
Net drawdown of loans and borrowings of RM27.97 million, reflecting higher utilisation of trade financing and bankers’ acceptance facilities to support working capital requirements for the expanded project portfolio;
Working capital 19,422 — 75 19,497
The Company had on 15 August 2025 completed a private placement following the issuance of 39,180,000 new ordinary shares (“Placement Shares”) at RM0.51 per share (“Private Placement”).
The Private Placement has raised gross proceeds of RM19,981,800.
There were no dividend proposed, declared or paid by the Company since the end of the previous financial year.
The fixed deposits with a licensed bank of the Group amounting RM13,288,118 (2024: RM12,116,820) are pledged as securities for banking facilities granted to the Group.
Across the two years两年合看
Group revenue increased from RM115.04 million in 2023 to RM128.01 million in 2024 and RM195.00 million in 2025. Net trade receivables were RM100.38 million in 2024 and RM116 million in 2025, while retention sums were RM42.73 million and RM52.14 million. Performance guarantees extended to third parties stood at RM39.81 million in 2024 and RM42.06 million in 2025.集团营业额从 2023 年的 RM115.04 million 增加至 2024 年的 RM128.01 million 及 2025 年的 RM195.00 million。贸易应收款项净额在 2024 年为 RM100.38 million，2025 年为 RM116 million；保留金分别为 RM42.73 million 与 RM52.14 million。向第三方延伸的履约担保在 2024 年为 RM39.81 million，2025 年为 RM42.06 million。
Sources (7)出处（7）
As at 30 November 2024, the Group’s trade receivables (including related party) amounted to approximately RM100.38 million net of impairment losses.
Malaysia 128,013,975 115,040,171
Performance guarantee extended to third parties 39,810,322 33,805,161
Refer to Note 8 to the financial statements, the Group’s trade receivables as at 30 November 2025 amounted to approximately RM116 million net of impairment losses.
Retention sums 52,143,665 42,730,930
Construction contracts 193,432,215 127,626,131 194,997,841 128,013,975
Performance guarantee extended to third parties 42,063,260 39,810,322
Still to be spent尚未支出的承诺
On 5 March 2026, the group entered into a conditional share subscription agreement to acquire a 51.00% equity interest in Roflex Pipe Sdn Bhd by subscribing for 520,408 new ordinary shares, to be fully funded from internally generated funds.2026 年 3 月 5 日，集团签订条件性股份认购协议，通过认购 520,408 股新普通股收购 Roflex Pipe Sdn Bhd 的 51.00% 股权，资金将完全来自内部资金。
Sources (2)出处（2）
Subsequent to the financial year end, on 5 March 2026, the Group entered into a conditional share subscription agreement (“SSA”) with Roflex Pipe Sdn Bhd (“Roflex”) for the proposed subscription of 520,408 new ordinary shares in Roflex, representing approximately 51.00% equity interest
The Proposed Subscription is to be fully funded from the Group’s internally generated funds.
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 | 2023 | 2024 | 2025 |
|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 115,040,171 | 128,013,975 | 194,997,841 |
| Profit before taxation税前盈利 | 5,922,889 | 13,173,847 | 13,741,480 |
| Profit after taxation税后盈利 | 3,922,889 | 9,666,384 | 10,008,544 |
| Total equity总权益 | 39,009,079 | 65,739,380 | 97,758,429 |
| Total liabilities总负债 | 92,106,500 | 71,032,547 | 126,766,518 |
| Fixed deposits with licensed banks持牌银行定期存款 | 3,734,331 | 12,116,820 | 47,790,895 |
| Cash and bank balances现金与银行结余 | 19,741,159 | 8,487,155 | 30,619,889 |
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 |
|---|---|---|
| Proposed a private placement of up to 39,180,000 new shares to raise funds for working capital (2024)建议私下配售最多 39,180,000 股新股，筹集营运资金（2024） | Completed on 15 August 2025 with 39,180,000 shares issued at RM0.51 per share, raising RM19.98 million gross proceeds.于 2025 年 8 月 15 日完成，按每股 RM0.51 发行 39,180,000 股，筹集 RM19.98 million 毛收益。Sources (3)出处（3）A private placement of up to 39,180,000 new ordinary shares, representing not more than 10% of the total number of issued shares of the Company; The Company had on 15 August 2025 completed a private placement following the issuance of 39,180,000 new ordinary shares (“Placement Shares”) at RM0.51 per share (“Private Placement”). The Private Placement has raised gross proceeds of RM19,981,800. | Completed已完成 |
| Planned an Employees' Share Option Scheme of up to 30% of total issued shares (2024)计划实施占已发行股份总数最多 30% 的员工认购股权计划（2024） | Approved at EGM on 20 January 2025, effective from 21 March 2025, and offered 12,362,500 options on 3 June 2025 at RM0.30 per share.于 2025 年 1 月 20 日股东特别大会获批，自 2025 年 3 月 21 日起生效，并于 2025 年 6 月 3 日按每股 RM0.30 提供了 12,362,500 份期权。Sources (5)出处（5）the Board, in November 2024, announced the establishment of an Employees’ Share Option Scheme (“ESOS”) of up to 30% of JTG Shares at any point during the duration of the scheme. Bursa Securities had on 18 December 2024 approved the listing application of the said proposals, and the ESOS was subsequently approved by shareholders at an Extraordinary General Meeting on 20 January 2025. The ESOS is governed by the ESOS By-Laws and is to be in force for a period of 3 years effective from 21 March 2025. At the Extraordinary General Meeting held on 20 January 2025, the shareholders had approved the establishment of ESOS of up to 30% of the total number of issued shares of the Company (excluding treasury shares, if any) for eligible employees, executive directors and non-executive directors The Company had on 3 June 2025 offered 12,362,500 options pursuant to the ESOS (“ESOS Options”) at an exercise price of RM0.30, of which 2,400,000 ESOS Options were offered to the Directors. | Implemented已实施 |
| Entered into a Memorandum of Understanding with Public Bank Berhad in December 2024 to supply and install solar panel systems for 135 branches at an estimated cost of RM14.88 million (2024)于 2024 年 12 月与 Public Bank Berhad 签订谅解备忘录，为 135 家分行供应并安装太阳能板系统，预计成本为 RM14.88 million（2024） | Received letters of award from Public Bank Berhad during FYE2025.于 2025 财年收到 Public Bank Berhad 的中标通知书。Sources (4)出处（4）In December 2024, the Group has announced that it has entered into a Memorandum of Understanding with Public Bank Berhad (“PBB”) for the supply and installation of photovoltaic solar panel systems for 135 PBB branches The estimated total cost for this project is RM14.88 million. In December 2024, the Group entered into a Memorandum of Understanding (“MOU”) with Public Bank Berhad (“PBB”) for the supply and installation of photovoltaic solar panel systems for 135 PBB branches, covering 333 lots of properties, with an estimated total project cost of RM14.88 million. In FYE2025, JTG has received letters of award from Public Bank Berhad on the same. | Awarded已获中标 |
| Secured a contract worth RM25.50 million to lay 275kV underground double circuit cables for a data centre in Selangor (2024 report, January 2025)获得价值 RM25.50 million 的合同，为雪兰莪某数据中心铺设 275kV 地下双回路电缆（2024 年报，2025 年 1 月） | The 2025 report notes the RM25.50 million contract was under execution in FYE2025.2025 年报记录该 RM25.50 million 合同于 2025 财年执行中。Sources (2)出处（2）In January 2025, we secured another contract valued at RM25.50 million to lay 275kV underground double circuit cables for a data centre in Selangor. 275kV bulk supply to a data centre in Selangor, under the contract worth RM25.50 million secured in January 2025. | Under execution执行中 |
| Timeframe for utilisation of IPO proceeds allocated for capital expenditure extended to 19 June 2025 (2024)IPO 收益中资本支出的动用期限延长至 2025 年 6 月 19 日（2024） | The IPO gross proceeds of RM18.04 million were fully utilised by FYE2025.IPO 毛收益 RM18.04 million 已于 2025 财年全数动用完毕。Sources (3)出处（3）Following our successful listing on the ACE Market of Bursa Malaysia Securities Berhad on 20 December 2023, which raised gross proceeds of RM18.04 million The timeframe for utilisation of the proceeds allocated for capital expenditure has been extended for a further term of 6 months (up to 19 June 2025). The gross proceeds of RM18.04 million raised from the IPO have been fully utilised during the financial year ended 30 November 2025. | Fully utilised全数动用 |
What the reports leave open年报留下待看的事
- Whether the proposed acquisition of a 51.00% equity interest in Roflex Pipe Sdn Bhd for 520,408 shares is completed by the second quarter of 2026 as targeted.拟认购 520,408 股收购 Roflex Pipe Sdn Bhd 51.00% 股权的交易能否按目标于 2026 年第二季度完成。
Sources (2)出处（2）
Subsequent to the financial year end, on 5 March 2026, the Group entered into a conditional share subscription agreement (“SSA”) with Roflex Pipe Sdn Bhd (“Roflex”) for the proposed subscription of 520,408 new ordinary shares in Roflex, representing approximately 51.00% equity interest
The Proposed Subscription is not conditional upon shareholders’ or regulatory approval and is expected to be completed by the second quarter of 2026.
- Utilization of the RM19.497 million working capital balance allocated from private placement proceeds by August 2026.私下配售收益拨出的 RM19.497 million 营运资金结余能否在 2026 年 8 月前动用完毕。
Sources (2)出处（2）
Working capital 19,422 — 75 19,497
Note: The RM19.50 million balance allocated for working capital shall be fully utilised within 12 months from the date of listing of the Placement Shares (i.e., by August 2026).
- Execution and margin profile of the expanded total order book of RM780 million as at March 2026.截至 2026 年 3 月扩展至 RM780 million 的总订单簿的执行进度与利润率状况。
Sources (2)出处（2）
The moderation in gross profit margin is primarily attributed to the higher proportion of high voltage infrastructure projects secured in FYE2025, which carry relatively higher material and subcontractor costs.
With these newly secured contracts, the Group’s total order book stands at approximately RM780 million as at March 2026, providing earnings visibility for the next two to three financial years.
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-11.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 2026-10-11。