DailySpaceMKH Oil Palm (East Kalimantan) Berhad
5319 · Main Market主板 · annual reports 2024 to 2025, 913 entries read2024 至 2025 年报，共读出 913 条
The company这家公司
MKH Oil Palm (East Kalimantan) Berhad is an oil palm plantation group operating in East Kalimantan, Republic of Indonesia. As at 30 September 2025, the group's two oil palm plantation estates, PT Maju Kalimantan Hadapan and PT Sawit Prima Sakti, had a total land area of 18,205.3 hectares, comprising planted area of 17,008.8 hectares, of which 100% was mature, and unplanted area of 1,196.5 hectares.MKH Oil Palm (East Kalimantan) Berhad 是一家在印度尼西亚共和国东加里曼丹营运的油棕种植集团。截至 2025 年 9 月 30 日，集团旗下的两个油棕种植庄园 PT Maju Kalimantan Hadapan 与 PT Sawit Prima Sakti 总土地面积为 18,205.3 公顷，包括已种植面积 17,008.8 公顷（100% 为成熟期）以及未种植面积 1,196.5 公顷。
Source: annual report 2024, page 122; annual report 2025, pages 14, 23, 168.出处：2024 年年报第 122 页；2025 年年报第 14、23、168 页。
The group commenced sales of crude palm kernel oil in February 2025 following the setup of its palm kernel crushing facility. All external revenue is derived from the Republic of Indonesia. One major customer contributed RM325,950,113 of revenue in 2025 (2024: RM287,904,103), arising from the plantation segment. At the reporting date in 2025, one customer owed RM3,987,046, representing 100% of trade receivables (2024: two customers owed RM2,450,232, representing 89.0%).集团在建成棕榈仁压榨设施后于 2025 年 2 月开始销售棕榈仁毛油。所有对外营业额均来自印度尼西亚共和国。2025 年，来自种植部门的单一主要客户贡献营业额 RM325,950,113（2024 年：RM287,904,103）。在 2025 年报告日，一名客户结欠 RM3,987,046，占贸易应收账款的 100%（2024 年：两名客户结欠 RM2,450,232，占 89.0%）。
Source: annual report 2024, pages 24, 167, 170; annual report 2025, pages 21, 169, 171, 173.出处：2024 年年报第 24、167、170 页；2025 年年报第 21、169、171、173 页。
The directors regard MKH Berhad as the ultimate holding company. As at 31 December 2025, Metro Kajang (Oversea) Sdn. Bhd. held 313,754,301 shares (30.916%) and MKH Berhad held 293,520,019 shares (28.923%). Other large accounts included MKH Plantation Sdn. Bhd. with 38,334,662 shares (3.777%) and 13,633,000 shares (1.343%), Chen Choy & Sons Realty Sdn. Bhd. with 27,723,735 shares (2.732%), and PT Hikmat Aliran Sukses with 22,030,575 shares (2.171%).董事将 MKH Berhad 视为最终控股公司。截至 2025 年 12 月 31 日，Metro Kajang (Oversea) Sdn. Bhd. 持有 313,754,301 股（30.916%），MKH Berhad 持有 293,520,019 股（28.923%）。其他大股东账户包括 MKH Plantation Sdn. Bhd. 持有 38,334,662 股（3.777%）与 13,633,000 股（1.343%）、Chen Choy & Sons Realty Sdn. Bhd. 持有 27,723,735 股（2.732%），以及 PT Hikmat Aliran Sukses 持有 22,030,575 股（2.171%）。
Source: annual report 2025, pages 111, 184.出处：2025 年年报第 111、184 页。
Pledged securities accounts among the thirty largest holders as at 31 December 2025 included Phillip Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Tai Kok Kong with 2,067,900 shares (0.204%) and RHB Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Gan Boon Tian with 2,012,000 shares (0.198%). As at 31 December 2024, pledged accounts included Affin Hwang Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Gan Boon Tian with 13,695,000 shares (1.347%), CGS International Nominees Malaysia (Tempatan) Sdn. Bhd. Pledged Securities Account for Gan Boon Tian with 4,047,900 shares (0.398%), and Alliancegroup Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Chen Choy & Sons Realty Sdn. Bhd. with 3,282,857 shares (0.323%).截至 2025 年 12 月 31 日前三十大股东中的质押证券账户包括：Phillip Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Tai Kok Kong 持有 2,067,900 股（0.204%），以及 RHB Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Gan Boon Tian 持有 2,012,000 股（0.198%）。截至 2024 年 12 月 31 日，质押账户包括 Affin Hwang Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Gan Boon Tian 持有 13,695,000 股（1.347%）、CGS International Nominees Malaysia (Tempatan) Sdn. Bhd. Pledged Securities Account for Gan Boon Tian 持有 4,047,900 股（0.398%），以及 Alliancegroup Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Chen Choy & Sons Realty Sdn. Bhd. 持有 3,282,857 股（0.323%）。
Source: annual report 2024, page 180; annual report 2025, page 185.出处：2024 年年报第 180 页；2025 年年报第 185 页。
Tan Sri Dato' Chen Kooi Chiew @ Cheng Ngi Chong and Tan Sri Datuk Chen Lok Loi are brothers; Datuk Chen Fook Wah is also their brother, and Chen Wei Chyong is the daughter of Tan Sri Dato' Chen Kooi Chiew @ Cheng Ngi Chong and niece of Tan Sri Datuk Chen Lok Loi and Datuk Chen Fook Wah. Yap Kian Mun was appointed first director on 1 November 2023 and resigned on 20 December 2023; Ong Khek Gee retired from the board on 15 October 2024.Tan Sri Dato' Chen Kooi Chiew @ Cheng Ngi Chong 与 Tan Sri Datuk Chen Lok Loi 是兄弟；Datuk Chen Fook Wah 亦是他们的兄弟，Chen Wei Chyong 是 Tan Sri Dato' Chen Kooi Chiew @ Cheng Ngi Chong 的女儿，也是 Tan Sri Datuk Chen Lok Loi 与 Datuk Chen Fook Wah 的侄女。Yap Kian Mun 于 2023 年 11 月 1 日获委任为首任董事，并于 2023 年 12 月 20 日辞任；Ong Khek Gee 于 2024 年 10 月 15 日从董事会退休。
Source: annual report 2024, page 102; annual report 2025, pages 65, 66, 68.出处：2024 年年报第 102 页；2025 年年报第 65、66、68 页。
Major events大事记
Source: annual report 2024, pages 101, 168.出处：2024 年年报第 101、168 页。
Source: annual report 2024, pages 101, 168.出处：2024 年年报第 101、168 页。
Source: annual report 2024, pages 101, 168.出处：2024 年年报第 101、168 页。
Source: annual report 2024, pages 14, 98.出处：2024 年年报第 14、98 页。
Source: annual report 2024, page 24.出处：2024 年年报第 24 页。
Source: annual report 2025, page 21.出处：2025 年年报第 21 页。
Source: annual report 2025, pages 14, 172.出处：2025 年年报第 14、172 页。
Source: annual report 2025, page 103.出处：2025 年年报第 103 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets and equity总资产与总权益
Cash and borrowings现金与借款
20242024 年
The company was listed on the Main Market on 30 April 2024, raising gross proceeds of RM136.4 million from the issuance of 220,000,000 ordinary shares at RM0.62 per share. Operating activities generated RM113,732,719 of net cash. Outflows from initial public offering proceeds included share issue expenses of RM8.9 million and repayment of advances to a subsidiary of MKH Berhad of RM30.0 million. The group paid a first interim dividend of RM20,471,817, repaid term loans of RM2,331,403, and spent RM22,342,147 on acquisition of property, plant and equipment. The company also repurchased 1,900,000 shares for RM1,125,681.公司于 2024 年 4 月 30 日在主板上市，以每股 RM0.62 发行 220,000,000 股普通股，筹得 RM136.4 million 总收益。营运活动产生现金净额 RM113,732,719。动用首次公开募股款项的现金流出包括股份发行费用 RM8.9 million，以及偿还给 MKH Berhad 一家子公司的垫款 RM30.0 million。集团支付了第一期中期股息 RM20,471,817，偿还定期贷款 RM2,331,403，并支出 RM22,342,147 购置物业、厂房及设备。公司亦动用 RM1,125,681 回购 1,900,000 股股份。
Source: annual report 2024, pages 14, 23, 98, 100, 101, 106, 119.出处：2024 年年报第 14、23、98、100、101、106、119 页。
20252025 年
Operating activities brought net cash of RM93,884,580. Financing outflows included dividend payments of RM40,655,086 and share buy-back spending of RM3,398,944 for 5,536,700 shares. Investing outflows included RM13,433,200 for acquisition of property, plant and equipment, and a deposit payment of RM4,208,165 for the acquisition of PT Tunas Tani Tutus. Repayment of hire-purchase arrangements took RM220,737.营运活动带来现金净额 RM93,884,580。融资现金流出包括股息派发 RM40,655,086 以及斥资 RM3,398,944 回购 5,536,700 股股份。投资现金流出包括购置物业、厂房及设备的 RM13,433,200，以及为收购 PT Tunas Tani Tutus 支付的定金 RM4,208,165。偿还租购安排支出 RM220,737。
Source: annual report 2025, pages 111, 126, 172.出处：2025 年年报第 111、126、172 页。
Across the two years两年合看
Revenue rose from RM338.2 million in 2023 to RM352.2 million in 2024 and RM363.2 million in 2025, while profit for the financial year increased from RM32.8 million to RM64.2 million and RM79.8 million. Total loans and borrowings stood at RM2,936,888 in 2023, RM624,451 in 2024 and RM728,714 in 2025. The company declared a total dividend of 4.0 sen per share for 2024 (a payout ratio of approximately 64.2%) and 4.0 sen per share for 2025 (approximately 50.9%). In September 2025, the group revalued its production buildings, recording a revaluation surplus of RM8,982,455.营业额由 2023 年的 RM338.2 million 增至 2024 年的 RM352.2 million 及 2025 年的 RM363.2 million，本年度盈利由 RM32.8 million 增至 RM64.2 million 及 RM79.8 million。贷款与借款总额在 2023 年为 RM2,936,888，2024 年为 RM624,451，2025 年为 RM728,714。公司 2024 年宣布总股息每股 4.0 仙（派息率约 64.2%），2025 年为每股 4.0 仙（约 50.9%）。2025 年 9 月，集团对生产建筑物进行重估，确认重估盈余 RM8,982,455。
Source: annual report 2024, page 24; annual report 2025, pages 21, 24, 115, 118, 180.出处：2024 年年报第 24 页；2025 年年报第 21、24、115、118、180 页。
Still to be spent尚未支出的承诺
Unutilised initial public offering proceeds totalled RM57,794,000 (of RM136.4 million raised), including RM35,451,000 for oil palm plantation land bank expansion, RM10,000,000 to expand electricity supply, RM7,204,000 for existing plantation lands, and RM5,139,000 for staff housing quarters, with utilisation timeframes extended to between 36 and 48 months.尚未动用的首次公开募股所得款项合计 RM57,794,000（共筹集 RM136.4 million），其中包括用于扩充油棕种植地库的 RM35,451,000、扩建供电的 RM10,000,000、现有种植地的 RM7,204,000 以及员工宿舍的 RM5,139,000，动用期限均延长至 36 至 48 个月之间。
Source: annual report 2024, pages 98, 162; annual report 2025, pages 103, 166.出处：2024 年年报第 98、162 页；2025 年年报第 103、166 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。
| Group集团 | 2023 | 2024 | 2025 |
|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 338,160,442 | 352,217,484 | 363,189,716 |
| Profit before tax税前盈利 | 43,089,501 | 85,018,453 | 107,303,683 |
| Profit for the financial year本年度盈利 | 32,795,681 | 64,209,709 | 79,789,373 |
| Net cash from operating activities营运活动所得现金净额 | 50,140,815 | 113,732,719 | 93,884,580 |
| Acquisition of property, plant and equipment购置物业、厂房及设备 | (26,583,458) | (22,342,147) | (13,433,200) |
| Dividend paid已付股息 | 0 | (20,471,817) | (40,655,086) |
| Total assets总资产 | 450,214,449 | 638,847,046 | 652,761,678 |
| Total liabilities总负债 | 122,262,321 | 66,801,449 | 69,780,893 |
| Total equity总权益 | 327,952,128 | 572,045,597 | 582,980,785 |
| Loans and borrowings贷款与借款 | 2,936,888 | 624,451 | 728,714 |
| Cash and bank balances现金与银行结余 | 72,006,555 | 159,844,357 | 165,691,952 |
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 |
|---|---|---|
| Setup of palm kernel crushing facility with processing capacity of 90 MT PK per day, commencing operation after FY2024建设日处理能力 90 公吨棕榈仁的压榨设施，于 2024 财年之后投入营运 | Commenced sales of crude palm kernel oil in February 2025, producing 5,218 MT of CPKO.于 2025 年 2 月开始销售棕榈仁毛油，共生产 5,218 公吨棕榈仁毛油。 Source: annual report 2024, page 24; annual report 2025, pages 21, 36.出处：2024 年年报第 24 页；2025 年年报第 21、36 页。 | Operational已投产 |
| Expansion of land banks for oil palm plantation with RM42,000,000 of initial public offering proceeds within 24 months以首次公开募股所得款项中的 RM42,000,000 在 24 个月内扩充油棕种植地库 | RM6,549,000 was utilised as at 30 September 2025; timeframe for the remaining RM35,451,000 was extended to within 42 months.截至 2025 年 9 月 30 日已动用 RM6,549,000；剩余 RM35,451,000 的期限延长至 42 个月内。 Source: annual report 2024, page 98; annual report 2025, page 103.出处：2024 年年报第 98 页；2025 年年报第 103 页。 | Timeframe extended期限延长 |
| Refurbishment and construction of staff quarters with RM10,000,000 of initial public offering proceeds within 24 months以首次公开募股所得款项中的 RM10,000,000 在 24 个月内翻新与兴建员工宿舍 | RM4,861,000 was utilised (239 units refurbished, 115 constructed); timeframe for the remaining RM5,139,000 was extended to within 36 months.已动用 RM4,861,000（翻新 239 个单位，新建 115 个单位）；剩余 RM5,139,000 的期限延长至 36 个月内。 Source: annual report 2024, page 98; annual report 2025, pages 36, 103.出处：2024 年年报第 98 页；2025 年年报第 36、103 页。 | Timeframe extended期限延长 |
| Capital expenditures to expand coverage of electricity supply with RM10,000,000 of initial public offering proceeds within 24 months以首次公开募股所得款项中的 RM10,000,000 在 24 个月内扩建供电覆盖范围 | Nil utilised as at 30 September 2025; timeframe for the entire RM10,000,000 was extended to within 48 months.截至 2025 年 9 月 30 日未动用任何款项；全部 RM10,000,000 的期限延长至 48 个月内。 Source: annual report 2024, page 98; annual report 2025, page 103.出处：2024 年年报第 98 页；2025 年年报第 103 页。 | Timeframe extended, unspent期限延长，尚未动用 |
| Distributing at least 50% of the group's profit after tax attributable to owners annually under its dividend policy按股息政策每年向股东派发至少 50% 归属于母公司业主的集团税后盈利 | Declared a total dividend of 4.0 sen per share for FY2025, representing approximately 50.9% of profit attributable to owners.2025 财年宣布派发每股 4.0 仙的总股息，占归属于业主盈利的约 50.9%。 Source: annual report 2024, page 24; annual report 2025, pages 15, 24.出处：2024 年年报第 24 页；2025 年年报第 15、24 页。 | Met已达标 |
What the reports leave open年报留下待看的事
- Utilisation of approximately RM57.8 million in unutilised initial public offering proceeds, following timeframe extensions to between 36 and 48 months for land expansion, electricity supply and staff housing.在扩充地库、供电以及员工宿舍的动用期限延长至 36 至 48 个月之后，约 RM57.8 million 尚未动用的首次公开募股所得款项的后续落实情况。
Source: annual report 2025, page 103.出处：2025 年年报第 103 页。
- Construction of a new 60 metric tonne per hour crude palm oil mill adjacent to the existing 90 metric tonne per hour mill.在现有每小时 90 公吨厂房旁新建每小时 60 公吨棕榈毛油加工厂的进展。
Source: annual report 2025, pages 99, 166.出处：2025 年年报第 99、166 页。
- Pending tax disputes in Indonesia, including an appeal before the Jakarta tax court, and the YA2023 tax objection rejected by the Balikpapan tax appeal office.在印度尼西亚待决的税务争议，包括雅加达税务法院审理中的一项上诉，以及巴厘巴板税务上诉办公室驳回的 2023 估税年税务异议。
Source: annual report 2025, page 145.出处：2025 年年报第 145 页。
- Revenue and credit risk concentration in 2025: one major customer contributed RM325,950,113 of revenue, and one customer owed RM3,987,046, 100% of trade receivables.2025 年的营业额与信用风险集中：一名主要客户贡献营业额 RM325,950,113，一名客户结欠 RM3,987,046，占贸易应收账款的 100%。
Source: annual report 2025, pages 171, 173.出处：2025 年年报第 171、173 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-11-02.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 2026-11-02。