DailySpaceECM Libra Group Berhad
2143 · Main Market主板（Main Market） · annual reports 2023 to 2025, 1378 entries read2023 至 2025 年报，共读出 1378 条
The company这家公司
ECM Libra Group operates in hospitality. Following the completion of an agreement on 26 June 2023, the Group ceased its investment in manufacturing businesses. In 2025, the hospitality segment accounted for substantially all group revenue, comprising hotel operations and ancillary services, food and beverages, and management services fees.ECM Libra Group 经营酒店业务。2023 年 6 月 26 日完成一项协议后，集团终止了对制造业业务的投资。2025 年，酒店业务部门占集团绝大部分营业额，包括酒店营运与配套服务、餐饮以及管理服务费。
Source: annual report 2023, page 33; annual report 2025, pages 30, 75.出处：2023 年年报第 33 页；2025 年年报第 30、75 页。
In 2025, Malaysia contributed RM35.2 million of revenue and the United Kingdom contributed RM10.3 million. There is no single customer with revenue equal to or more than 10% of group revenue.2025 年，马来西亚贡献营业额 RM35.2 million，英国贡献 RM10.3 million。没有任何单一客户占集团营业额的 10% 或以上。
Source: annual report 2025, pages 117, 118.出处：2025 年年报第 117、118 页。
Major shareholders include Tune Group Sdn Bhd with 99,767,386 shares (20.14%), Garynma MY Capital Limited with 99,011,150 shares (19.99%), and Dato' Lim Kian Onn with 43,996,278 shares (8.88%) and a deemed interest of 157,143,286 shares (31.73%). Pledged securities accounts include HSBC Nominees (Tempatan) Sdn Bhd holding 99,767,386 shares (20.14%) for Tune Group Sdn Bhd, and Kenanga Nominees (Tempatan) Sdn Bhd holding 70,562,815 shares (14.25%) for Kalimullah bin Masheerul Hassan.主要股东包括 Tune Group Sdn Bhd 持有 99,767,386 股（20.14%）、Garynma MY Capital Limited 持有 99,011,150 股（19.99%），以及 Dato’ Lim Kian Onn 持有 43,996,278 股（8.88%）并拥有 157,143,286 股（31.73%）的视为权益。抵押证券账户包括 HSBC Nominees（Tempatan）Sdn Bhd 为 Tune Group Sdn Bhd 持有 99,767,386 股（20.14%），以及 Kenanga Nominees（Tempatan）Sdn Bhd 为 Kalimullah bin Masheerul Hassan 持有 70,562,815 股（14.25%）。
Source: annual report 2025, pages 127, 128.出处：2025 年年报第 127、128 页。
Dato' Lim Kian Onn is the father of Gareth Lim Tze Xiang, who is a Director and Chief Executive Officer. Dato' Seri Kalimullah bin Masheerul Hassan is the father of En Akil Hassan bin Kalimullah. Dato' Seri Kalimullah retired as Chairman on 1 January 2024 and became Alternate Director to En Akil Hassan. Dato' Lim Kian Onn was appointed Executive Chairman on 1 February 2024.Dato’ Lim Kian Onn 是董事兼首席执行员 Gareth Lim Tze Xiang 的父亲。Dato’ Seri Kalimullah bin Masheerul Hassan 是 En Akil Hassan bin Kalimullah 的父亲。Dato’ Seri Kalimullah 于 2024 年 1 月 1 日卸任主席并转任 En Akil Hassan 的副董事。Dato’ Lim Kian Onn 于 2024 年 2 月 1 日获委任为执行主席。
Source: annual report 2023, pages 8, 19; annual report 2025, pages 5, 7.出处：2023 年年报第 8、19 页；2025 年年报第 5、7 页。
Revenue by country, 20252025 年按国家划分的营业额
Source: annual report 2025, page 117.出处：2025 年年报第 117 页。
Major events大事记
Source: annual report 2023, page 33.出处：2023 年年报第 33 页。
Source: annual report 2023, page 33.出处：2023 年年报第 33 页。
Source: annual report 2024, pages 32, 122.出处：2024 年年报第 32、122 页。
Source: annual report 2024, page 5.出处：2024 年年报第 5 页。
Source: annual report 2024, page 31.出处：2024 年年报第 31 页。
Source: annual report 2024, page 31.出处：2024 年年报第 31 页。
Source: annual report 2025, page 29.出处：2025 年年报第 29 页。
Source: annual report 2025, pages 26, 30, 59.出处：2025 年年报第 26、30、59 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, borrowings and equity资产、借款与权益
20232023 年
In 2023, the Group received RM36.00 million in dividend income from Positive Carry Sdn Bhd following the disposal of an investment. Acquisitions included Tune Hotel Liverpool for GBP4.50 million (approximately RM26.43 million), DB2SB for RM17.05 million, and a deposit of RM4.11 million for the proposed acquisition of land. A revolving credit facility of RM10.00 million was drawn down, and RM1.1 million of term loans was repaid.2023 年，集团在脱售一项投资后从 Positive Carry Sdn Bhd 获得 RM36.00 million 的股息收入。收购项目包括以 4.50 百万英镑（约 RM26.43 million）收购利物浦 Tune Hotel、以 RM17.05 million 收购 DB2SB，以及支付 RM4.11 million 订金用于拟议收购土地。新提取 RM10.00 million 循环信贷便利，并偿还了 RM1.1 million 定期贷款。
Source: annual report 2023, pages 33, 35, 62.出处：2023 年年报第 33、35、62 页。
20242024 年
In 2024, the company raised RM3.16 million through a private placement of 15,368,000 new ordinary shares at RM0.2053 per share. A subsidiary completed the acquisition of leasehold land in Desaru for RM19.81 million, partially funded by RM19.24 million in borrowings drawn down. An indirect 50%-owned joint venture acquired Peace Craft Co., Ltd., which owns the Shakespeare Hotel in Hakuba, Japan, for JPY580.00 million (approximately RM17.69 million). The company also subscribed to rights shares in associate EDUC8 for RM2,607,318.2024 年，公司按每股 RM0.2053 配售 15,368,000 股新普通股，募得 RM3.16 million。一家子公司以 RM19.81 million 完成收购位于迪沙鲁的租赁土地，部分资金来自新提取的 RM19.24 million 借款。持股 50% 的间接合资公司以 580.00 百万日元（约 RM17.69 million）收购拥有日本白马 Shakespeare Hotel 的 Peace Craft Co., Ltd.。公司还出资 RM2,607,318 认购联营公司 EDUC8 的附加股。
Source: annual report 2024, pages 31, 32, 33, 88.出处：2024 年年报第 31、32、33、88 页。
20252025 年
In 2025, a subsidiary agreed to dispose of Tune Hotel Georgetown Penang for cash consideration of RM51.89 million, which had a net book value of approximately RM23.55 million at year end. Deposits received contributed to group liabilities increasing to RM87.55 million pending completion. Capital expenditure was RM6.2 million, and repayment of term loans was RM4.8 million. The Company, not the Group, recorded RM3.0 million of dividend income from joint ventures.2025 年，一家子公司同意以 RM51.89 million 现金代价脱售 Tune Hotel Georgetown Penang，该物业在年底的账面净值约为 RM23.55 million。在交易完成前收到的订金促使集团负债增至 RM87.55 million。资本支出为 RM6.2 million，偿还定期贷款为 RM4.8 million。公司（而非集团）录得来自合资公司的股息收入 RM3.0 million。
Source: annual report 2025, pages 26, 29, 32, 72, 75.出处：2025 年年报第 26、29、32、72、75 页。
Across the three years三年合看
Across the three years, group revenue expanded from RM24.8 million in 2022 to RM45.4 million in 2025, and net cash from operating activities rose to RM10.9 million in 2025. Total loans and borrowings increased from RM38.4 million in 2022 to RM63.4 million in 2024 before declining to RM58.1 million in 2025. The Group expanded its hotel portfolio to 1,636 keys through acquisitions in Liverpool and Japan, then agreed to dispose of Tune Hotel Georgetown Penang in 2025. No dividend was declared or paid in any of the three years.三年合看，集团营业额由 2022 年的 RM24.8 million 增至 2025 年的 RM45.4 million，营运活动所得现金净额在 2025 年升至 RM10.9 million。贷款与借款总额由 2022 年的 RM38.4 million 增至 2024 年的 RM63.4 million，然后在 2025 年降至 RM58.1 million。集团通过收购利物浦及日本的物业将酒店组合扩大至 1,636 间客房，随后于 2025 年同意脱售 Tune Hotel Georgetown Penang。三年内均未宣布或派发任何股息。
Source: annual report 2023, page 47; annual report 2024, pages 28, 49; annual report 2025, pages 26, 56.出处：2023 年年报第 47 页；2024 年年报第 28、49 页；2025 年年报第 26、56 页。
Still to be spent尚未支出的承诺
As at 31 December 2025, the Group had no material capital commitments. Its share of capital commitments of an associate comprised RM14.3 million approved and contracted, and RM2.7 million approved and not contracted. Proceeds from the 2024 private placement of RM3.16 million were fully utilised for working capital and expenses.截至 2025 年 12 月 31 日，集团没有重大资本承诺。其应占联营公司的资本承诺包括已批准并签约的 RM14.3 million，以及已批准但未签约的 RM2.7 million。2024 年私募配售所募得的 RM3.16 million 已全数用于营运资金及开支。
Source: annual report 2024, pages 32, 122; annual report 2025, pages 32, 98.出处：2024 年年报第 32、122 页；2025 年年报第 32、98 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 | 24,833 | 37,025 | 43,356 | 45,446 |
| Profit before tax税前盈利 | (1,945) | 26,401 | 3,824 | 4,687 |
| Profit for the financial year本年度盈利 | (2,628) | 24,991 | 2,006 | 4,208 |
| Net cash from operating activities营运活动所得现金净额 | 2,781 | 3,843 | 3,950 | 10,880 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (532) | (1,180) | (3,225) | (6,156) |
| Total assets总资产 | 208,233 | 247,762 | 272,820 | 282,822 |
| Total liabilities总负债 | 45,200 | 57,720 | 80,628 | 87,546 |
| Loans and borrowings贷款及借款 | 38,423 | 47,379 | 63,404 | 58,092 |
| Cash and bank balances and deposits with licensed financial institutions现金、银行结余及持牌金融机构存款 | 11,779 | 12,105 | 5,759 | 7,897 |
| Total equity总权益 | 163,033 | 190,042 | 192,192 | 195,276 |
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 DBPSB Land ongoing, with RM4.11 million deposit paid and RM15.7 million capital commitment contracted收购 DBPSB 土地的交易仍在进行中，已支付 RM4.11 million 订金且已签约资本承诺为 RM15.7 million | Completed acquisition of 44,427 square metres leasehold land in Desaru on 17 October 2024 for RM19.81 million, and contracted commitments for right-of-use assets were fully settled.于 2024 年 10 月 17 日以 RM19.81 million 完成收购迪沙鲁 44,427 平方米租赁土地，使用权资产的已签约承诺已全数结清。 Source: annual report 2023, pages 33, 35, 98; annual report 2024, pages 31, 99, 105.出处：2023 年年报第 33、35、98 页；2024 年年报第 31、99、105 页。 | Carried out已执行 |
| Proposed private placement of up to 47,992,500 shares to raise working capital for the hospitality business拟议私募配售最多 47,992,500 股以筹集酒店业务营运资金 | Raised RM3.16 million from 15,368,000 shares on 10 January 2024 for working capital; the placement period lapsed on 28 May 2024 with no further shares issued.于 2024 年 1 月 10 日通过配售 15,368,000 股筹得 RM3.16 million 用作营运资金；配售期于 2024 年 5 月 28 日届满，未再发行新股。 Source: annual report 2023, page 50; annual report 2024, pages 32, 122.出处：2023 年年报第 50 页；2024 年年报第 32、122 页。 | Completed at 15,368,000 shares完成配售 15,368,000 股 |
| To explore opportunities to expand the hospitality business both within Malaysia and internationally探索在马来西亚境内及国际上扩展酒店业务的机会 | Acquired the Shakespeare Hotel in Hakuba, Japan for JPY580.00 million (approximately RM17.69 million) through a joint venture, and acquired leasehold land in Desaru for RM19.81 million.通过合资公司以 580.00 百万日元（约 RM17.69 million）收购日本白马 Shakespeare Hotel，并以 RM19.81 million 收购迪沙鲁租赁土地。 Source: annual report 2023, page 35; annual report 2024, pages 28, 31.出处：2023 年年报第 35 页；2024 年年报第 28、31 页。 | Carried out已执行 |
| Committed to exploring approaches to enhance energy and water efficiency across properties致力于探索提高各物业能源和水资源利用效率的方法 | Implemented conservation measures including progressive replacement of conventional lighting with LED systems and installation of motion-sensor controls across the hotel portfolio.在各酒店实施节能措施，包括逐步将传统照明更换为 LED 系统，并在酒店组合中安装感应控制装置。 Source: annual report 2023, page 40; annual report 2024, page 38; annual report 2025, page 41.出处：2023 年年报第 40 页；2024 年年报第 38 页；2025 年年报第 41 页。 | Carried out已执行 |
What the reports leave open年报留下待看的事
- Whether the sale of the Flinders Lane property in Melbourne by 40%-owned joint venture TP International Pty Ltd completes for AUD30.00 million.持股 40% 的合资公司 TP International Pty Ltd 以 30.00 百万澳元出售墨尔本 Flinders Lane 物业的交易能否完成。
Source: annual report 2025, pages 26, 30.出处：2025 年年报第 26、30 页。
- Current liabilities exceeded current assets by RM40,188,000 as of 31 December 2025, while the Group forecasts cash flows across the next 16 months.截至 2025 年 12 月 31 日，流动负债超过流动资产 RM40,188,000，集团对未来 16 个月的现金流进行预测。
Source: annual report 2025, page 73.出处：2025 年年报第 73 页。
- How net proceeds from the disposal of Tune Hotel Georgetown Penang for RM51.89 million are allocated among project developments, business expansion and repayment of borrowings.以 RM51.89 million 脱售 Tune Hotel Georgetown Penang 所得款项净额如何在项目开发、业务扩展及偿还借款之间分配。
Source: annual report 2025, page 29.出处：2025 年年报第 29 页。
- Unsatisfied contract liabilities expected to be recognised as revenue within the next 12 months were RM465,000 at end 2025.2025 年底预计在未来 12 个月内确认为营业额的未履约合同负债为 RM465,000。
Source: annual report 2025, page 109.出处：2025 年年报第 109 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。