Melewar Industrial Group Berhad

Revenue and operating cash flow营业额与营运现金流

Borrowings and cash借款与现金

20232023 年

Purchases of property, plant and equipment were RM10,600,183. Repayment of borrowings was RM276,505,541 while proceeds from borrowings were RM274,754,000, and interest paid on borrowings was RM5,371,718. Net operating cash flows were negative RM13,872,452. A write-down of steel inventories of RM11.0 million was recorded. The Cold Rolled Coil subsidiary fell short of its debt service cover ratio covenant, and RM4,347,552 was reclassified from long-term borrowing to short-term borrowing.购买物业、厂房及设备为 RM10,600,183。偿还借款为 RM276,505,541，而借款所得款项为 RM274,754,000，支付的借款利息为 RM5,371,718。营运活动所得现金净额为负 RM13,872,452。计提了 RM11.0 million 的钢铁存货减记。冷轧卷板子公司未达到偿债备付率契约要求，RM4,347,552 从长期借款重新归类为短期借款。

Source: annual report 2023, pages 4, 123, 124, 125, 154.出处：2023 年年报第 4、123、124、125、154 页。

20242024 年

Net operating cash flows were negative RM30,144,383, and purchases of property, plant and equipment were RM5,553,215. Proceeds from borrowings were RM402,605,507 and repayment of borrowings was RM369,196,884, with interest paid on borrowings of RM7,881,194. The group received RM3,900,000 from a government grant on property, plant and equipment, and proceeds from shareholder's advances of RM1,500,000 were recorded. The company also spent RM6,269,900 subscribing for shares of KNM Group Berhad.营运活动所得现金净额为负 RM30,144,383，购买物业、厂房及设备为 RM5,553,215。借款所得款项为 RM402,605,507，偿还借款为 RM369,196,884，支付借款利息 RM7,881,194。集团收到 RM3,900,000 的物业、厂房及设备政府补贴；另录得股东垫款所得 RM1,500,000。公司还斥资 RM6,269,900 认购 KNM Group Berhad 股份。

Source: annual report 2024, pages 141, 142, 143, 205.出处：2024 年年报第 141、142、143、205 页。

20252025 年

Net operating cash flows turned positive at RM54,161,234. Purchases of property, plant and equipment were RM6,446,316. Repayment of borrowings was RM403,370,864 while proceeds from borrowings were RM347,059,485, and interest paid on borrowings was RM5,078,003. Repayment of hire-purchase was RM961,904. At the end of the year, the Steel Tube subsidiary fell short of its debt service cover ratio covenant on short-term tradeline borrowings, and RM5.5 million was reclassified from long-term borrowing to short-term borrowing.营运活动所得现金净额转正，为 RM54,161,234。购买物业、厂房及设备为 RM6,446,316。偿还借款为 RM403,370,864，借款所得款项为 RM347,059,485，支付借款利息 RM5,078,003。偿还分期付款为 RM961,904。年终时，钢管子公司未达到短期贸易授信借款的偿债备付率契约要求，RM5.5 million 从长期借款重新归类为短期借款。

Source: annual report 2025, pages 160, 161, 162, 172.出处：2025 年年报第 160、161、162、172 页。

Across the three years三年合看

Cash and cash equivalents decreased from RM114,751,305 at 1 July 2022 to RM81,052,847 at 30 June 2023, RM70,577,623 at 30 June 2024, and RM57,201,704 at 30 June 2025. The directors did not recommend a dividend for the financial year ended 30 June 2024. Revaluation surpluses on property, plant and equipment credited to reserves of RM10,594,663 in 2023, RM2,124,733 in 2024, and RM6,139,323 in 2025.现金及现金等价物从 2022 年 7 月 1 日的 RM114,751,305 降至 2023 年 6 月 30 日的 RM81,052,847、2024 年 6 月 30 日的 RM70,577,623 以及 2025 年 6 月 30 日的 RM57,201,704。董事未建议派发截至 2024 年 6 月 30 日财政年度的股息。计入储备的物业、厂房及设备重估盈余在 2023 年为 RM10,594,663，2024 年为 RM2,124,733，2025 年为 RM6,139,323。

Source: annual report 2023, pages 125, 179, 210; annual report 2024, pages 126, 184, 209; annual report 2025, pages 208, 235.出处：2023 年年报第 125、179、210 页；2024 年年报第 126、184、209 页；2025 年年报第 208、235 页。

Still to be spent尚未支出的承诺

At 30 June 2025, outstanding capital commitments approved and contracted for plant and machinery upgrading were around RM1,038,199 for the Cold Rolled Coil subsidiary and RM727,300 for the Steel Tube subsidiary. In addition, the group anticipated allocating no more than RM5 million for capital expenditures on climate and decarbonisation initiatives. Undrawn banking trade-line facilities stood at around RM216.5 million.截至 2025 年 6 月 30 日，冷轧卷板子公司已批准并签约的厂房及机械升级资本承诺约为 RM1,038,199，钢管子公司约为 RM727,300。此外，集团预计为气候与脱碳项目分配不超过 RM5 million 的资本支出。未提取的银行贸易授信额度约为 RM216.5 million。

Source: annual report 2025, pages 40, 172, 256.出处：2025 年年报第 40、172、256 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

What the reports leave open年报留下待看的事

• Outcome of the report dated 24 September 2024 lodged by external auditors Messrs KPMG with the Companies Commission of Malaysia regarding potential irregularities by certain officers, which is under review by the police and CCM.外聘审计师毕马威（KPMG）于 2024 年 9 月 24 日向马来西亚公司委员会（CCM）提交的报告的处理结果，该报告涉及某些高级管理人员可能存在的违规行为，目前正由警方和 CCM 调查。

  Source: annual report 2025, page 97.出处：2025 年年报第 97 页。

• Progress of the judicial review proceedings initiated by the Cold Rolled Coil subsidiary against MITI's decision to revoke anti-dumping duties on cold rolled coil imports.冷轧卷板子公司针对贸工部取消冷轧卷板进口反倾销税决定提起的司法复核程序的进展。

  Source: annual report 2025, page 256.出处：2025 年年报第 256 页。

• Impact of international trade measures on steel export sales, including United States steel tariffs increased to 50% effective 4 June 2025 and Mexico delisting Malaysian mills in May 2025.国际贸易措施对钢铁出口销售的影响，包括美国自 2025 年 6 月 4 日起将钢铁关税提高至 50%，以及墨西哥于 2025 年 5 月将马来西亚钢厂从名单中除名。

  Source: annual report 2025, pages 11, 13.出处：2025 年年报第 11、13 页。

• Compliance with borrowing covenants, after the Steel Tube subsidiary fell short of its debt service cover ratio covenant on short-term tradeline borrowings at 30 June 2025.借款契约的合规情况，此前钢管子公司在 2025 年 6 月 30 日未达到短期贸易授信借款的偿债备付率契约要求。

  Source: annual report 2025, page 172.出处：2025 年年报第 172 页。