DailySpaceTDM Berhad
2054 · Main Market主板（Main Market） · annual reports 2023 to 2025, 3151 entries read2023 至 2025 年报，共读出 3151 条
The company这家公司
TDM Berhad operates in two main business sectors: oil palm plantation in Terengganu and healthcare services through KMI Healthcare.TDM Berhad 主要经营两大业务板块：位于登嘉楼的油棕种植业，以及通过 KMI Healthcare 提供的医疗保健服务。
Source: annual report 2023, pages 4, 25, 27.出处：2023 年年报第 4、25、27 页。
In 2025, external revenue of RM768.053 million all originated in Malaysia. By activity, sale of goods contributed RM485.151 million, rendering of services RM282.545 million, and management fees under the sublessees scheme RM357,000.2025 年，外部营业额 RM768.053 million 全部来自马来西亚。按业务类型划分，商品销售贡献 RM485.151 million，提供服务贡献 RM282.545 million，转租户计划管理费贡献 RM357,000。
Source: annual report 2025, pages 303, 368, 369.出处：2025 年年报第 303、368、369 页。
The immediate holding company is Terengganu Incorporated Sdn. Bhd., which directly holds 1,028,077,553 shares representing 59.672% of the company's equity. The ultimate holding corporation is Menteri Besar, Terengganu (Incorporated).直接控股公司为 Terengganu Incorporated Sdn. Bhd.，直接持有 1,028,077,553 股股份，占公司股权的 59.672%。最终控股机构为 Menteri Besar, Terengganu (Incorporated)。
Source: annual report 2025, pages 260, 378.出处：2025 年年报第 260、378 页。
Other shareholders include Teh Koon Chai with 8,363,300 shares (0.485%) and Tee Kim Tee @ Tee Ching Tee with 7,942,600 shares (0.461%), held through pledged securities accounts.其他股东包括通过质押证券账户持有 8,363,300 股（0.485%）的 Teh Koon Chai，以及持有 7,942,600 股（0.461%）的 Tee Kim Tee @ Tee Ching Tee。
Source: annual report 2025, page 376.出处：2025 年年报第 376 页。
The reports state that none of the directors has any family relationship with any director or substantial shareholder of the company. Haji Najman bin Kamaruddin was redesignated from Executive Director to Group Chief Executive Officer effective 1 January 2025.年报载明各位董事之间或与公司主要股东之间均无任何亲属关系。Haji Najman bin Kamaruddin 自 2025 年 1 月 1 日起由执行董事调任为集团首席执行员。
Source: annual report 2024, pages 39, 210; annual report 2025, pages 79, 220.出处：2024 年年报第 39、210 页；2025 年年报第 79、220 页。
External revenue by segment, 20252025 年按部门划分外部营业额
Source: annual report 2025, page 368.出处：2025 年年报第 368 页。
Major events大事记
Source: annual report 2023, page 22.出处：2023 年年报第 22 页。
Source: annual report 2023, pages 31, 58.出处：2023 年年报第 31、58 页。
Source: annual report 2024, pages 36, 263, 326.出处：2024 年年报第 36、263、326 页。
Source: annual report 2025, pages 17, 373.出处：2025 年年报第 17、373 页。
Source: annual report 2024, page 360.出处：2024 年年报第 360 页。
Revenue, profit and operating cash flow营业额、盈利与营运现金流
Total assets, borrowings and equity总资产、借款与总权益
20232023 年
Purchase of property, plant and equipment took RM39.5 million. Operating activities generated net cash flows of RM11.0 million, and advances received from contract liabilities brought RM136.5 million. Term loan repayments took RM69.3 million against drawdowns of RM32.9 million, while dividend paid to shareholders was RM2.9 million. Cash and bank balances were RM168.2 million.购买物业、厂房及设备支出 RM39.5 million。营运活动产生现金流净额 RM11.0 million，收到合约负债预付款带来 RM136.5 million。偿还定期贷款支出 RM69.3 million，同期提取 RM32.9 million，派发股东股息支出 RM2.9 million。现金及银行结余为 RM168.2 million。
Source: annual report 2023, pages 34, 163, 164.出处：2023 年年报第 34、163、164 页。
20242024 年
Capital spending on property, plant and equipment rose to RM62.5 million, and purchase of leasehold land took RM15.0 million. Sukuk drawings brought RM161.0 million, while term loan repayments took RM227.6 million against drawdowns of RM83.8 million. No dividend was paid to shareholders during the year, and cash and bank balances fell to RM110.9 million.购买物业、厂房及设备资本支出增至 RM62.5 million，购买租赁土地支出 RM15.0 million。提取伊斯兰债券带来 RM161.0 million，偿还定期贷款支出 RM227.6 million，提取定期贷款 RM83.8 million。年内未向股东支付股息，现金及银行结余降至 RM110.9 million。
Source: annual report 2024, pages 57, 262.出处：2024 年年报第 57、262 页。
20252025 年
Purchase of property, plant and equipment took RM46.7 million. Advances received from customers brought RM60.0 million. Net cash used in operating activities was RM31.2 million. Sukuk drawings brought RM99.0 million, while dividend paid to shareholders was RM11.9 million. Cash and bank balances stood at RM69.0 million.购买物业、厂房及设备支出 RM46.7 million。收到客户预付款带来 RM60.0 million。营运活动所用现金净额为 RM31.2 million。提取伊斯兰债券带来 RM99.0 million，派付股东股息支出 RM11.9 million。现金及银行结余为 RM69.0 million。
Source: annual report 2025, pages 48, 277, 343.出处：2025 年年报第 48、277、343 页。
Across the years多年合看
Across the three years, total borrowings increased from RM445.5 million in 2023 to RM460.6 million in 2024 and RM464.0 million in 2025. The group's leasehold land remained pledged to secure its loans and borrowings. Discontinued operations in Kalimantan incurred an environmental compensation cost of RM15 million in 2025.三年合看，总借款从 2023 年的 RM445.5 million 增至 2024 年的 RM460.6 million 及 2025 年的 RM464.0 million。集团的租赁土地持续抵押以担保其贷款及借款。位于加里曼丹的已终止经营业务在 2025 年产生 RM15 million 的环境赔偿费用。
Source: annual report 2023, page 34; annual report 2024, page 300; annual report 2025, pages 34, 48, 316, 338.出处：2023 年年报第 34 页；2024 年年报第 300 页；2025 年年报第 34、48、316、338 页。
Still to be spent尚未支出的承诺
At end 2025, capital expenditure approved and contracted for property, plant and equipment was RM6.1 million (RM9.8 million in 2024 and RM3.8 million in 2023). Under the RM1.5 billion Sukuk Wakalah programme, RM260 million has been issued out of Tranche 1.截至 2025 年底，已核准并签约的物业、厂房及设备资本承诺为 RM6.1 million（2024 年为 RM9.8 million，2023 年为 RM3.8 million）。在 RM1.5 billion 的伊斯兰债券计划下，第一期已累计发行 RM260 million。
Source: annual report 2023, page 248; annual report 2024, page 343; annual report 2025, pages 34, 338, 357.出处：2023 年年报第 248 页；2024 年年报第 343 页；2025 年年报第 34、338、357 页。
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 614,372 | 594,406 | 645,645 | 768,053 |
| Profit before tax from continuing operations持续经营业务税前盈利 | 36,255 | 14,762 | 10,276 | 42,374 |
| (Loss)/profit before tax from discontinued operation已终止经营业务税前（亏损）／盈利 | (46,722) | (421) | 6,481 | (5,309) |
| Profit/(loss) for the financial year本财政年度盈利／（亏损） | (29,729) | 9,316 | 10,209 | 15,860 |
| Net cash flows (used in)/generated from operating activities营运活动（所用）／所得现金流量净额 | 718 | 11,025 | 13,431 | (31,204) |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (63,206) | (39,536) | (62,460) | (46,668) |
| Dividend paid to shareholders已付股东股息 | (11,026) | (2,929) | 0 | (11,888) |
| Total assets总资产 | 1,665,451 | 1,722,373 | 1,708,616 | 1,700,487 |
| Loans and borrowings贷款及借款 | 484,071 | 445,548 | 460,598 | 464,028 |
| Cash and bank balances现金及银行结余 | 107,184 | 168,150 | 110,856 | 68,996 |
| Total equity总权益 | 656,890 | 659,992 | 688,103 | 679,311 |
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 |
|---|---|---|
| Acquisition of 100% equity in Hospital Bersalin Razif expected to be completed in Q4 2024收购 Hospital Bersalin Razif 100% 股权预计将于 2024 年第四季度完成 | Conditions precedent were not fulfilled by the extended long stop date, and the agreement was terminated.先决条件在延长的截止日期前未能达成，协议已终止。 Source: annual report 2023, page 31; annual report 2024, page 360.出处：2023 年年报第 31 页；2024 年年报第 360 页。 | Terminated已终止 |
| Disposal of Indonesian subsidiaries PT Rafi Kamajaya Abadi and PT Sawit Rezki Abadi for RM115 million以 RM115 million 出售印尼子公司 PT Rafi Kamajaya Abadi 与 PT Sawit Rezki Abadi | Completion conditions were extended repeatedly, with the long stop date extended to 30 June 2026.成交先决条件屡次延期，截止日期已延长至 2026 年 6 月 30 日。 Source: annual report 2023, page 31; annual report 2024, page 314; annual report 2025, page 264.出处：2023 年年报第 31 页；2024 年年报第 314 页；2025 年年报第 264 页。 | Still in progress仍在进行中 |
| Construction of a green boiler at one mill, expected to be completed by May 2025在一家油厂兴建绿色锅炉，预计将于 2025 年 5 月完工 | The 2025 report lists the implementation of a green boiler system among its initiatives, without saying whether it was completed.2025 年年报将实施绿色锅炉系统列为举措之一，未说明是否已完工。 Source: annual report 2024, page 39; annual report 2025, page 128.出处：2024 年年报第 39 页；2025 年年报第 128 页。 | Completion not reported未报告完工 |
| Group target to plant 350,000 trees by 2025集团目标在 2025 年前种植 350,000 棵树 | 114,503 trees were planted across five estates by 2024, with tree planting continuing into 2025.截至 2024 年在五个种植园累计种植 114,503 棵树，植树活动于 2025 年继续推行。 Source: annual report 2023, page 66; annual report 2024, page 177; annual report 2025, page 102.出处：2023 年年报第 66 页；2024 年年报第 177 页；2025 年年报第 102 页。 | Still in progress仍在进行中 |
| Elimination of plastic bags across KMI hospitals by 20252025 年前在各 KMI 医院全面淘汰塑料袋 | The 2024 report says KMI hospitals will transition to zero plastic bags in 2025, using existing stocks until depleted.2024 年年报称各 KMI 医院将于 2025 年过渡至零塑料袋，现有库存使用完毕即止。 Source: annual report 2023, page 66; annual report 2024, pages 168, 186.出处：2023 年年报第 66 页；2024 年年报第 168、186 页。 | Planned for 2025计划于 2025 年执行 |
What the reports leave open年报留下待看的事
- Execution of the conditional sale of PT Rafi Kamajaya Abadi and PT Sawit Rezki Abadi, with the long stop date extended to 30 June 2026.有条件出售 PT Rafi Kamajaya Abadi 与 PT Sawit Rezki Abadi 的进展，截止日期已延长至 2026 年 6 月 30 日。
Source: annual report 2025, pages 264, 300.出处：2025 年年报第 264、300 页。
- Fulfillment and execution of the Kesepakatan Bersama signed by PT RKA to resolve environmental compensation of Rp188,977,440,000 and submit a 3-year rehabilitation blueprint.PT RKA 签署的和解协议执行情况，包括解决 Rp188,977,440,000 的环境赔偿金及提交三年生态修复蓝图。
Source: annual report 2025, page 372.出处：2025 年年报第 372 页。
- Development progress of the 100-bed KMI Bertam hospital under the unconditional build-and-lease agreement, targeted for completion by 2028 with Gross Development Cost of RM146 million.根据无条件建造与租赁协议开发的 100 张床位 KMI Bertam 医院进展，目标于 2028 年完工，总开发成本为 RM146 million。
Source: annual report 2025, pages 120, 145, 373.出处：2025 年年报第 120、145、373 页。
- Further drawdowns and debt maturity profile under the RM1.5 billion Sukuk Wakalah programme, with RM260 million issued by end 2025.RM1.5 billion 伊斯兰债券计划下的后续提款及债务到期结构，截至 2025 年底已累计发行 RM260 million。
Source: annual report 2025, pages 34, 338.出处：2025 年年报第 34、338 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-30.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 2026-10-30。