Camaroe Berhad

Revenue and profit/(loss)营业额与盈利／（亏损）

Assets, liabilities and equity资产、负债与权益

20252025 年

Camaroe was admitted to the ACE Market on 2 October 2025, raising gross proceeds of RM13.86 million from the public issue of 99,000,000 new shares at RM0.14 each, with share issuance expenses of RM945,845. The group incurred listing expenses of RM2.92 million charged to administrative expenses. Prior to the listing, on 15 July 2025, the company acquired subsidiaries for RM22,176,000, satisfied by the issuance of 395,999,998 new shares at RM0.056 each. Purchase of property, plant and equipment took RM3,878,768 in cash, while proceeds from the disposal of assets classified as held for sale were RM2,820,000. Under financing activities, term loan repayments were RM750,614, repayment of lease liabilities was RM523,039, and repayment of hire purchases payables was RM111,460, with no term loans drawn. No dividend was recommended or paid for the year. Cash and cash equivalents rose by RM10.21 million.Camaroe 于 2025 年 10 月 2 日在创业板上市，通过以每股 RM0.14 公开发行 99,000,000 股新股，筹集总额 RM13.86 million 的款项，股份发行费用为 RM945,845。集团录得 RM2.92 million 的上市费用并计入行政费用。上市前，公司于 2025 年 7 月 15 日以 RM22,176,000 收购子公司，以每股 RM0.056 发行 395,999,998 股新股支付。购买物业、厂房及设备支付现金 RM3,878,768，脱售分类为持作出售资产取得款项 RM2,820,000。融资活动方面，偿还定期贷款 RM750,614、偿还租赁负债 RM523,039 及偿还租购应付款项 RM111,460，未提取定期贷款。年内未建议或派发股息。现金与现金等价物增加 RM10.21 million。

Source: annual report 2025, pages 1, 19, 20, 54, 60, 64, 74, 77, 93.出处：2025 年年报第 1、19、20、54、60、64、74、77、93 页。

At year end期末

At year end, cash and bank balances stood at RM13,473,040, alongside fixed deposits of RM20,000. Borrowings totaled RM17.72 million. Freehold lands and buildings and leasehold lands are pledged for banking facilities, motor vehicles for hire purchase payables, and keyman insurance policies are assigned to licensed banks. Biological assets were carried at RM4,259,549, with a net fair value loss on biological assets of RM337,861 recognised in profit or loss. The debt-to-equity ratio was 0.13 times (2024: 0.47 times), with net debt of RM5,012,651.期末现金与银行结余为 RM13,473,040，另有定期存款 RM20,000。借款合计 RM17.72 million。永久地契土地与建筑物及租赁地已抵押作为银行融资担保，机动车辆抵押作为租购应付款项担保，关键人员保险单已转让予持牌银行。生物资产账面值为 RM4,259,549，在损益中确认生物资产公允价值亏损净额 RM337,861。债务对权益比率为 0.13 倍（2024 年：0.47 倍），净负债为 RM5,012,651。

Source: annual report 2025, pages 20, 68, 71, 76, 87, 90, 94, 95, 99, 102, 103, 118.出处：2025 年年报第 20、68、71、76、87、90、94、95、99、102、103、118 页。

Still to be spent尚未支出的承诺

From the public issue gross proceeds of RM13.86 million, RM4.91 million had been utilised and RM8.95 million remained unutilised. The unutilised proceeds comprise RM6.89 million allocated for the construction of the New Bukit Raja Processing Facility, alongside allocations for establishing a biotechnology department and purchasing machinery and equipment. On 31 December 2025, Camaroe Aquaculture entered into sale and purchase agreements to acquire two units of semi-detached factory buildings for RM3,150,000 each, completed on 17 March 2026. Partial payments made for the acquisition of Bukit Raja Land and capitalised progressive interest stood at RM13,431,616 in capital work-in-progress, pending title transfer at year end.公开发行所筹集的 RM13.86 million 总款项中，已动用 RM4.91 million，尚有 RM8.95 million 未动用。未动用款项包括分配给兴建 New Bukit Raja Processing Facility 的 RM6.89 million，以及设立生物科技部门与购买机械设备的款项。2025 年 12 月 31 日，Camaroe Aquaculture 签订买卖协议，以每座 RM3,150,000 收购两座半独立式厂房，该收购已于 2026 年 3 月 17 日完成。为收购 Bukit Raja 土地支付的部分款项及资本化的累进利息列为在建工程 RM13,431,616，截至年底产权转让尚未完成。

Source: annual report 2025, pages 54, 85, 124.出处：2025 年年报第 54、85、124 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。

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

Only one annual report has been read so far, so there is no later report to check its plans against.目前只读了一份年报，还没有之后的年报可以对照它的计划。

What the reports leave open年报留下待看的事

• Construction of the New Bukit Raja Processing Facility on the 160,000 sq ft land in Bandar Bukit Raja Industrial Park, with completion and relocation of prawn processing lines from Kapar expected by Q1 2029 and RM6.89 million of unutilised proceeds allocated.在 Bandar Bukit Raja Industrial Park 占地 160,000 平方尺土地上兴建 New Bukit Raja Processing Facility，预计 2029 年第一季度完工并从 Kapar 迁入对虾加工生产线，尚有 RM6.89 million 的未动用款项。

  Source: annual report 2025, pages 7, 54.出处：2025 年年报第 7、54 页。

• Whether prawn yield rates and selling prices recover. In 2025, the average selling price fell to RM48 per kg (2024: RM51 per kg), and lower yield rates were recorded from farming operations. The group recorded a loss before tax of RM2.04 million (2024: profit before tax of RM10.56 million).对虾单产与售价能否回升。2025 年平均售价降至每公斤 RM48（2024 年：每公斤 RM51），养殖业务录得较低单产。集团录得税前亏损 RM2.04 million（2024 年：税前盈利 RM10.56 million）。

  Source: annual report 2025, page 19.出处：2025 年年报第 19 页。

• Progress of utilising the remaining RM8.95 million of unutilised public issue proceeds, out of RM13.86 million raised, including allocations for the New Bukit Raja facility, a biotechnology department, and machinery.公开发行所筹集的 RM13.86 million 中剩余 RM8.95 million 未动用款项的使用进度，包括分配给 New Bukit Raja 设施、生物科技部门及机械设备的款项。

  Source: annual report 2025, page 54.出处：2025 年年报第 54 页。

• Renewal of contractual agreements for prawn farms, as the group operates several farms through contract farming agreements, temporary occupation licenses and joint venture agreements, with only one farm owned.对虾养殖场承包协议的续约情况；集团通过养殖合同协议、临时占用准证及合资协议经营数个养殖场，仅拥有一座养殖场。

  Source: annual report 2025, page 21.出处：2025 年年报第 21 页。