DailySpaceGeohan Corporation Berhad
5345 · Main Market主板（Main Market） · annual reports 2025 to 2025, 432 entries read2025 至 2025 年报，共读出 432 条
The company这家公司
Geohan Corporation Berhad is a Malaysia-based foundation and geotechnical services provider. It was listed on the Main Market of Bursa Malaysia Securities Berhad on 5 December 2025. All revenue and non-current assets are earned and held in Malaysia.Geohan Corporation Berhad 是一家马来西亚的地基与地下工程服务供应商。公司于 2025 年 12 月 5 日在马来西亚证券交易所主板上市。所有营业额与非流动资产均在马来西亚产生和持有。
Source: annual report 2025, pages 18, 24, 73, 131.出处：2025 年年报第 18、24、73、131 页。
In 2025, foundation and geotechnical services generated RM338.54 million or 92.10% of total revenue (2024: RM351.39 million or 88.91%), while other related services contributed RM29.04 million (2024: RM43.83 million). By sector, residential projects contributed RM239.02 million (2024: RM208.46 million), and infrastructure projects contributed RM38.39 million (2024: RM11.59 million).2025 年，地基与地下工程服务贡献营业额 RM338.54 million 或 92.10%（2024 年：RM351.39 million 或 88.91%），其他相关服务贡献 RM29.04 million（2024 年：RM43.83 million）。按领域划分，住宅项目贡献 RM239.02 million（2024 年：RM208.46 million），基建项目贡献 RM38.39 million（2024 年：RM11.59 million）。
Source: annual report 2025, pages 17, 18, 19.出处：2025 年年报第 17、18、19 页。
By region, Northern region revenue rose from RM20.67 million in 2024 to RM52.44 million in 2025, and Southern region revenue rose from RM12.18 million to RM39.76 million. In 2025, no single external customer contributed 10% or more of group revenue.按区域划分，北部区域营业额从 2024 年的 RM20.67 million 增至 2025 年的 RM52.44 million，南部区域营业额从 RM12.18 million 增至 RM39.76 million。2025 年没有单一外部客户贡献集团 10% 或以上的营业额。
Source: annual report 2025, pages 17, 131.出处：2025 年年报第 17、131 页。
Lee Kim Seng holds 53,155,000 shares (12.08%) directly and a deemed interest in 242,000,000 shares (55.00%) held by Rogamas Sdn. Bhd. Those 242,000,000 shares are held in a pledged account under AllianceGroup Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Rogamas Sdn. Bhd. Lim Tsui Ning is deemed interested in 295,155,000 shares (67.08%) through Rogamas Sdn. Bhd. and her spouse Lee Kim Seng.Lee Kim Seng 直接持有 53,155,000 股（12.08%），并通过 Rogamas Sdn. Bhd. 视同持有 242,000,000 股（55.00%）。该 242,000,000 股存放于 AllianceGroup Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Rogamas Sdn. Bhd. 抵押账户中。Lim Tsui Ning 通过 Rogamas Sdn. Bhd. 及其配偶 Lee Kim Seng 视同持有 295,155,000 股（67.08%）。
Source: annual report 2025, pages 133, 134.出处：2025 年年报第 133、134 页。
Lee Kim Seng is the father of Executive Director Lee Jie Min and spouse of major shareholder Lim Tsui Ning. An Executive Director was appointed in May 2025. The Chief Financial Officer was appointed on 1 October 2024.Lee Kim Seng 是执行董事 Lee Jie Min 的父亲，也是主要股东 Lim Tsui Ning 的配偶。2025 年 5 月，一名执行董事获委任。首席财务官于 2024 年 10 月 1 日获委任。
Source: annual report 2025, pages 11, 12, 15.出处：2025 年年报第 11、12、15 页。
Revenue by segment, 20252025 年各部门营业额
Source: annual report 2025, page 128.出处：2025 年年报第 128 页。
Major events大事记
Source: annual report 2025, page 103.出处：2025 年年报第 103 页。
Source: annual report 2025, page 73.出处：2025 年年报第 73 页。
Source: annual report 2025, page 103.出处：2025 年年报第 103 页。
Source: annual report 2025, pages 24, 69, 75, 76.出处：2025 年年报第 24、69、75、76 页。
Source: annual report 2025, page 21.出处：2025 年年报第 21 页。
Source: annual report 2025, page 17.出处：2025 年年报第 17 页。
Revenue, profit and operating cash flow营业额、盈利与营运现金流
Total assets, equity and borrowings总资产、权益与借款
20252025 年
Net cash used in operating activities was RM27,107,060, compared with net cash from operating activities of RM56,169,700 in 2024. Gross proceeds from the Initial Public Offering were RM72,600,000 from issuing 132,000,000 new shares at RM0.55 per share, with net proceeds from issuance of share capital of RM69,873,510 after share issuance expenses of RM2,726,490. Cash used for purchase of property, plant and equipment was RM6,387,741, while proceeds from disposal of property, plant and equipment were RM6,520,075 and proceeds from disposal of investment properties were RM3,960,000. Drawdowns of bankers' acceptances were RM51,097,925 against repayments of RM29,866,916, invoice financing drawdowns were RM28,845,555 against repayments of RM36,644,311, and lease liabilities repayments were RM27,032,012. No dividend was proposed or paid for 2025.营运活动所用现金净额为 RM27,107,060，而 2024 年营运活动产生现金净额 RM56,169,700。公司在首次公开募股中以每股 RM0.55 发行 132,000,000 股新股，筹集总额 RM72,600,000，扣除股份发行费用 RM2,726,490 后股份发行所得款项净额为 RM69,873,510。购买物业、厂房及设备支出现金 RM6,387,741，而脱售物业、厂房及设备所得款项为 RM6,520,075，脱售投资产业所得款项为 RM3,960,000。借款方面，银行承兑汇票提取 RM51,097,925，偿还 RM29,866,916；发票融资提取 RM28,845,555，偿还 RM36,644,311；租赁负债偿还 RM27,032,012。2025 年未建议亦未派发股息。
Source: annual report 2025, pages 22, 73, 75, 85, 87, 88.出处：2025 年年报第 22、73、75、85、87、88 页。
At year end年终状况
Cash and cash equivalents stood at RM66.01 million (2024: RM34.57 million). Total borrowings and lease liabilities amounted to approximately RM120.41 million, including lease liabilities of RM79,000,835 and borrowings of RM41,409,764. Pledged deposits with licensed banks were RM13,784,603, while property, plant and equipment carrying RM13,111,576 and investment properties carrying RM1,010,000 were pledged for banking facilities. Outstanding order book stood at approximately RM440 million.现金与现金等价物为 RM66.01 million（2024 年：RM34.57 million）。借款与租赁负债合计约 RM120.41 million，包括租赁负债 RM79,000,835 及借款 RM41,409,764。集团存放于持牌银行的抵押定存为 RM13,784,603，同时账面值 RM13,111,576 的物业、厂房及设备以及账面值 RM1,010,000 的投资产业已抵押作为银行授信担保。未完成订单总额约 RM440 million。
Source: annual report 2025, pages 17, 20, 22, 23, 89, 98, 101, 120, 130.出处：2025 年年报第 17、20、22、23、89、98、101、120、130 页。
Still to be spent尚未支出的承诺
Unused proceeds from the Initial Public Offering stood at RM55.4 million out of RM72.6 million raised, including RM40.0 million for capital expenditure and RM14.9 million for working capital. Amounts authorised and contracted for were RM16,865,706 (2024: RM7,913,607), comprising RM13,957,606 for site machineries and RM2,908,100 for freehold buildings under construction.在筹集的 RM72.6 million 首次公开募股款项中，尚未动用款项为 RM55.4 million，包括用于资本支出的 RM40.0 million 及用于营运资金的 RM14.9 million。已获授权并签约的款项为 RM16,865,706（2024 年：RM7,913,607），包括工地机械 RM13,957,606 及在建永久地契建筑物 RM2,908,100。
Source: annual report 2025, pages 69, 119.出处：2025 年年报第 69、119 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 | 2024 | 2025 |
|---|---|---|
| RM令吉 | RM令吉 | |
| Revenue营业额 | 395,215,995 | 367,583,653 |
| Profit before tax税前盈利 | 22,284,211 | 22,344,591 |
| Profit for the financial year年度盈利 | 16,007,934 | 15,911,412 |
| Net cash (used in)/from operating activities营运活动（所用）/所得现金净额 | 56,169,700 | (27,107,060) |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (10,239,671) | (6,387,741) |
| Dividend paid已付股息 | (9,090,027) | 0 |
| Total assets总资产 | 401,852,575 | 508,689,382 |
| Total equity总权益 | 131,524,178 | 217,360,612 |
| Borrowings借款 | 26,957,247 | 41,409,764 |
| Lease liabilities租赁负债 | 73,367,302 | 79,000,835 |
| Cash and bank balances现金与银行结余 | 10,449,197 | 5,066,541 |
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
- Utilisation of remaining Initial Public Offering proceeds of RM55.4 million, including RM40.0 million allocated for capital expenditure on new machineries.剩余 RM55.4 million 首次公开募股款项的动用情况，包括分配用于购置新机械资本支出的 RM40.0 million。
Source: annual report 2025, pages 20, 69.出处：2025 年年报第 20、69 页。
- Tenders submitted for public and private projects in Singapore to expand regionally beyond Malaysia.在新加坡参与公共与私人项目投标以拓展马来西亚以外区域业务的进展。
Source: annual report 2025, pages 10, 21.出处：2025 年年报第 10、21 页。
- The impact of ready-mix concrete price increases and geopolitical themes on project margins under firm-price contracts.预拌混凝土价格上涨及地缘政治议题对固定价格合约项目利润率的影响。
Source: annual report 2025, pages 10, 21, 22.出处：2025 年年报第 10、21、22 页。
- Recognition of RM442,075,566 in revenue expected over the next 1 to 2 years from unsatisfied performance obligations as at 31 December 2025.截至 2025 年 12 月 31 日未履行履约义务中预计将在未来 1 至 2 年内确认的 RM442,075,566 营业额进展。
Source: annual report 2025, page 107.出处：2025 年年报第 107 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。