DailySpaceRCE Capital Berhad
9296 · Main Market主板 · annual reports 2024 to 2026, 2076 entries read2024 至 2026 年报，共读出 2076 条
The company这家公司
RCE Capital Berhad is an investment holding company incorporated in 1953 and a subsidiary of Amcorp Group Berhad. Its core business is the provision of shariah-compliant financing solutions to civil servants in Malaysia. Customer repayments are facilitated via direct monthly salary deductions managed by collection agencies including Biro Perkhidmatan Angkasa and EXP Payment Sdn Bhd.RCE Capital Berhad 是一家于 1953 年成立的投资控股公司，为 Amcorp Group Berhad 的子公司。其核心业务是向马来西亚公务员提供符合伊斯兰教义的融资方案。客户还款通过由包括 Biro Perkhidmatan Angkasa 和 EXP Payment Sdn Bhd 在内的收款机构经办的每月直接薪资扣除进行。
Source: annual report 2024, pages 18, 42; annual report 2025, page 19; annual report 2026, page 34.出处：2024 年年报第 18、42 页；2025 年年报第 19 页；2026 年年报第 34 页。
Segment reporting is not presented as the group is primarily engaged in the provision of shariah-compliant and conventional financing services. In the 2026 financial year, consumer financing under Islamic financing contributed RM281,545,688 of revenue, Shariah fee income from consumer financing RM23,957,828, processing and administration of payroll collection RM9,313,500, Murabahah financing RM4,955,884, and Wakalah fee RM1,970,960. As at the reporting date in 2026, two major customers accounted for 98.62% of total trade receivables.集团未呈报分部报告，因其主要从事提供符合伊斯兰教义及传统的融资服务。在 2026 财政年度，伊斯兰融资项下的消费融资贡献营业额 RM281,545,688，消费融资的伊斯兰服务费收入为 RM23,957,828，工薪扣款处理与管理费为 RM9,313,500，Murabahah 融资为 RM4,955,884，Wakalah 费用为 RM1,970,960。截至 2026 年报告日，两名主要客户占贸易应收账款总额的 98.62%。
Source: annual report 2025, page 142; annual report 2026, pages 206, 208, 231.出处：2025 年年报第 142 页；2026 年年报第 206、208、231 页。
On 26 November 2024, the group acquired 100% equity interest in Corewealth Alliance Dynamic Sdn Bhd for a cash consideration of RM27,000,000 to expand its customer base. In FYE 2025, operating expenses included a RM19.0 million one-off goodwill impairment charge related to collection management services of EXP Payment Sdn Bhd.2024 年 11 月 26 日，集团以现金代价 RM27,000,000 收购了 Corewealth Alliance Dynamic Sdn Bhd 的 100% 股权，以扩大其客户群。在 2025 财年，营业费用包括与 EXP Payment Sdn Bhd 工薪收款管理服务相关的 RM19.0 million 一次性商誉减值支出。
Source: annual report 2025, pages 16, 17, 22, 156.出处：2025 年年报第 16、17、22、156 页。
The ultimate holding company is Clear Goal Sdn. Bhd., the intermediate holding company is Amcorp Group Berhad, and the direct parent is Cempaka Empayar Sdn. Bhd. As at 30 June 2026, Cempaka Empayar Sdn Bhd held 497,956,330 shares (33.92%) directly and further shares through pledged securities accounts. Pledged accounts for Cempaka Empayar Sdn Bhd included Alliancegroup Nominees with 99,746,800 shares (6.79%), RHB Nominees with 77,000,000 shares (5.25%), CIMB Group Nominees with 56,000,000 shares (3.81%) and 19,000,000 shares (1.29%), and BBL Nominees with 52,207,000 shares (3.56%).最终控股公司为 Clear Goal Sdn. Bhd.，中介控股公司为 Amcorp Group Berhad，直接控股公司为 Cempaka Empayar Sdn. Bhd.。截至 2026 年 6 月 30 日，Cempaka Empayar Sdn Bhd 直接持有 497,956,330 股（33.92%），并通过抵押证券账户持有其他股份。Cempaka Empayar Sdn Bhd 的抵押账户包括持有 99,746,800 股（6.79%）的 Alliancegroup Nominees、持有 77,000,000 股（5.25%）的 RHB Nominees、分别持有 56,000,000 股（3.81%）与 19,000,000 股（1.29%）的 CIMB Group Nominees，以及持有 52,207,000 股（3.56%）的 BBL Nominees。
Source: annual report 2026, pages 177, 265, 266, 267.出处：2026 年年报第 177、265、266、267 页。
Puan Shalina Azman and Encik Shahman Azman are siblings and children of Tan Sri Azman Hashim. Datuk Mohamed Azmi bin Mahmood resigned as Independent Director on 14 March 2026 upon completing his 9-year tenure, and Mr. Soo Kim Wai retired on 10 September 2025. Ms. Tracy Chen Wee Keng was appointed as an Independent Director on 6 June 2025. Ms. Oon Hooi Khee was appointed Deputy Chief Executive Officer on 22 May 2025, and Ms. Cheryl Low Peck Yoke was appointed Chief Financial Officer on 1 May 2026.Puan Shalina Azman 与 Encik Shahman Azman 是兄弟姐妹，同为 Tan Sri Azman Hashim 的子女。Datuk Mohamed Azmi bin Mahmood 在任满 9 年任期后于 2026 年 3 月 14 日辞任独立董事，Soo Kim Wai 于 2025 年 9 月 10 日退休。Tracy Chen Wee Keng 于 2025 年 6 月 6 日获委任为独立董事。Oon Hooi Khee 于 2025 年 5 月 22 日获委任为副首席执行官，Cheryl Low Peck Yoke 于 2026 年 5 月 1 日获委任为首席财务官。
Source: annual report 2026, pages 17, 18, 20, 141, 143.出处：2026 年年报第 17、18、20、141、143 页。
Major events大事记
Source: annual report 2024, page 15.出处：2024 年年报第 15 页。
Source: annual report 2024, page 17.出处：2024 年年报第 17 页。
Source: annual report 2024, page 9.出处：2024 年年报第 9 页。
Source: annual report 2025, pages 17, 113.出处：2025 年年报第 17、113 页。
Source: annual report 2025, pages 17, 24.出处：2025 年年报第 17、24 页。
Source: annual report 2025, page 156.出处：2025 年年报第 156 页。
Source: annual report 2025, pages 17, 25; annual report 2026, page 29.出处：2025 年年报第 17、25 页；2026 年年报第 29 页。
Source: annual report 2025, page 9.出处：2025 年年报第 9 页。
Source: annual report 2025, page 17; annual report 2026, page 41.出处：2025 年年报第 17 页；2026 年年报第 41 页。
Source: annual report 2026, page 40.出处：2026 年年报第 40 页。
Source: annual report 2026, page 141.出处：2026 年年报第 141 页。
Source: annual report 2026, page 263.出处：2026 年年报第 263 页。
Financing liabilities by facility type, 20262026 年各融资方式负债分布
Source: annual report 2026, page 244.出处：2026 年年报第 244 页。
Revenue and profit营业额与盈利
Liabilities and equity负债与权益
20242024 年
Zamarad Assets Berhad issued its ninth tranche of sukuk with proceeds of RM205.0 million. Class A Sukuk redemptions upon legal maturity were RM120.0 million for ZAB and RM90.0 million for ADA, while ADA early redeemed RM105.0 million Class B Sukuk. Term financing and loans drew RM169,992,694 and repaid RM148,014,174, while revolving credits drew RM718,414,000 and repaid RM599,114,000. Additions to plant and equipment were RM2,666,834, and cash settlement for ESS was RM11,510,366. Dividends paid were RM109,927,586.Zamarad Assets Berhad 发行了第九期伊斯兰债券，收益为 RM205.0 million。法定到期时 ZAB 赎回 Class A 伊斯兰债券 RM120.0 million，ADA 赎回 RM90.0 million，同时 ADA 提前赎回 Class B 伊斯兰债券 RM105.0 million。定期融资与贷款提取 RM169,992,694，偿还 RM148,014,174；循环信贷提取 RM718,414,000，偿还 RM599,114,000。添置厂房及设备支出 RM2,666,834，员工持股计划现金结算支出 RM11,510,366。已付股息 RM109,927,586。
Source: annual report 2024, pages 16, 22, 84, 112.出处：2024 年年报第 16、22、84、112 页。
20252025 年
The group acquired 100% equity in Corewealth Alliance Dynamic Sdn Bhd for RM27,000,000 cash, with net cash outflow of RM21,762,219 net of cash acquired. ZAB issued its tenth tranche of sukuk with proceeds of RM125.0 million, while sukuk redemptions totalled RM325.0 million. Revolving credit drawdowns were RM1,079,500,000 against repayments of RM1,052,800,000, and a new term financing facility of RM150.0 million was secured. The group paid a deposit of RM14,000,000 for an asset acquisition. Additions to plant and equipment were RM1,182,362, cash settlement for ESS was RM10,583,008, and dividends paid were RM95,338,494.集团以现金 RM27,000,000 收购 Corewealth Alliance Dynamic Sdn Bhd 的 100% 股权，扣除所获现金后净现金流出为 RM21,762,219。ZAB 发行了第十期伊斯兰债券，收益为 RM125.0 million，两项计划的债券赎回总额为 RM325.0 million。循环信贷提取 RM1,079,500,000，偿还 RM1,052,800,000，并获得一笔 RM150.0 million 的新定期融资额度。集团为一项资产收购支付了 RM14,000,000 订金。添置厂房及设备支出 RM1,182,362，员工持股计划现金结算支出 RM10,583,008，已付股息 RM95,338,494。
Source: annual report 2025, pages 17, 45, 99, 128, 156, 157, 166.出处：2025 年年报第 17、45、99、128、156、157、166 页。
20262026 年
ZAB issued its eleventh tranche of RM191.0 million and ADA issued its sixth tranche of RM123.0 million; the cash flow statement shows Sukuk issuance of RM260,000,000. Sukuk redemptions totalled RM205,000,000. Revolving credit drawdowns were RM1,343,100,000 against repayments of RM1,383,600,000, while term financing and loan repayments were RM183,216,143 against drawdowns of RM145,000,000. The group paid RM6,000,000 for the acquisition of an intangible asset. Additions to plant and equipment were RM1,760,974, cash settlement for ESS was RM3,953,560, and dividends paid were RM95,422,284.ZAB 发行了第十一期 RM191.0 million 伊斯兰债券，ADA 发行了第六期 RM123.0 million 伊斯兰债券；现金流量表显示伊斯兰债券发行 RM260,000,000。伊斯兰债券赎回总计 RM205,000,000。循环信贷提取 RM1,343,100,000，偿还 RM1,383,600,000；定期融资与贷款偿还 RM183,216,143，提取 RM145,000,000。集团支付了 RM6,000,000 用于收购无形资产。添置厂房及设备支出 RM1,760,974，员工持股计划现金结算支出 RM3,953,560，已付股息 RM95,422,284。
Source: annual report 2026, pages 40, 41, 150, 190.出处：2026 年年报第 40、41、150、190 页。
Across the three years三年合看
Profit expense from borrowings was RM98.5 million in FYE 2024, RM100.3 million in FYE 2025, and RM93.7 million in FYE 2026. Total financing liabilities stood at RM2.12 billion at 31 March 2024, RM2.06 billion at 31 March 2025, and RM2.04 billion at 31 March 2026. Independent trustees held RM751.0 million of cash and cash equivalents at 31 March 2024, RM631.9 million at 31 March 2025, and RM688,797,486 at 31 March 2026 to service sukuk obligations. Total dividends declared were 15.00 sen per share for FYE 2024, 6.50 sen per share for FYE 2025, and 6.50 sen per share for FYE 2026, with dividend payout ratios of 79.2%, 76.6% (excluding one-off impairment), and 75.4% respectively.借款利润支出在 2024 财年为 RM98.5 million，2025 财年为 RM100.3 million，2026 财年为 RM93.7 million。融资负债总额在 2024 年 3 月 31 日为 RM2.12 billion，2025 年 3 月 31 日为 RM2.06 billion，2026 年 3 月 31 日为 RM2.04 billion。独立受托人持有的现金及现金等价物在 2024 年 3 月 31 日为 RM751.0 million，2025 年 3 月 31 日为 RM631.9 million，2026 年 3 月 31 日为 RM688,797,486，用于偿付伊斯兰债券债务。宣布的股息总额在 2024 财年为每股 15.00 仙，2025 财年为每股 6.50 仙，2026 财年为每股 6.50 仙，股息派发率分别为 79.2%、76.6%（剔除一次性减值）与 75.4%。
Source: annual report 2024, pages 14, 17, 23, 97; annual report 2025, pages 15, 17, 26, 112; annual report 2026, pages 28, 31, 37, 42, 173, 235.出处：2024 年年报第 14、17、23、97 页；2025 年年报第 15、17、26、112 页；2026 年年报第 28、31、37、42、173、235 页。
Still to be spent尚未支出的承诺
Approved and contracted capital expenditure for plant and equipment was RM1,062,352 at 31 March 2024, RM436,766 at 31 March 2025, and RM863,650 at 31 March 2026. In the 2025 report, contracted capital expenditure also included RM6,000,000 for other capital expenditure in relation to an asset acquisition of RM20.0 million, none of which remained at 31 March 2026.已批准并签约的厂房及设备资本承诺在 2024 年 3 月 31 日为 RM1,062,352，2025 年 3 月 31 日为 RM436,766，2026 年 3 月 31 日为 RM863,650。在 2025 年报中，已签约资本承诺还包括与一项 RM20.0 million 资产收购相关的其他资本支出 RM6,000,000，截至 2026 年 3 月 31 日该项已无余额。
Source: annual report 2024, page 160; annual report 2025, page 181; annual report 2026, pages 190, 248.出处：2024 年年报第 160 页；2025 年年报第 181 页；2026 年年报第 190、248 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 | 2026 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 323,631,599 | 341,658,653 | 331,670,556 | 323,234,034 |
| Profit before tax税前盈利 | 183,942,150 | 184,849,239 | 146,530,861 | 172,059,538 |
| Profit for the financial year attributable to ordinary equity holders of the Company公司普通股股东应占本年度盈利 | 138,784,499 | 138,752,462 | 105,537,582 | 126,569,060 |
| Allowances for impairment loss on receivables, net应收账款减值拨备净额 | (28,687,565) | (30,231,437) | (37,504,107) | (24,336,787) |
| Additions to plant and equipment添置厂房及设备 | (2,525,069) | (2,666,834) | (1,182,362) | (1,760,974) |
| Dividends paid已付股息 | (197,842,539) | (109,927,586) | (95,338,494) | (95,422,284) |
| Total Liabilities总负债 | 2,141,171,830 | 2,165,845,850 | 2,146,643,456 | 2,133,142,885 |
| Total financing liabilities融资负债总额 | 2,091,544,179 | 2,119,583,598 | 2,058,031,549 | 2,035,917,905 |
| Cash and bank balances现金与银行结余 | 79,780,685 | 95,250,192 | 141,855,194 | 82,080,740 |
| Total Equity总权益 | 805,659,174 | 829,773,145 | 839,514,475 | 870,654,455 |
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 |
|---|---|---|
| To achieve a minimum of 30.0% female representation on the Board by 31 March 2025在 2025 年 3 月 31 日前使董事会女性代表比例达到至少 30.0% | Following the appointment of Ms. Tracy Chen Wee Keng on 6 June 2025, female representation reached over 30.0%, and stood at 43% with three women directors in 2026.随着 Tracy Chen Wee Keng 于 2025 年 6 月 6 日获委任，女性代表比例超过 30.0%，到 2026 年拥有三位女性董事，占比达 43%。 Source: annual report 2024, page 64; annual report 2025, page 74; annual report 2026, page 142.出处：2024 年年报第 64 页；2025 年年报第 74 页；2026 年年报第 142 页。 | Completed later than said延后完成 |
| Plan to carry out the next Shariah process review in the following financial year计划在下一财政年度进行下一次伊斯兰合规流程评审 | Shariah consultants were appointed to review and certify compliance with Shariah principles.委任了伊斯兰合规顾问以审查并认证对伊斯兰教义原则的遵守。 Source: annual report 2024, page 34; annual report 2025, page 101; annual report 2026, page 156.出处：2024 年年报第 34 页；2025 年年报第 101 页；2026 年年报第 156 页。 | No review reported未见评审报告 |
| Adopting dividend guidance setting a payout ratio of 60% to 80% beginning from FYE 2024采纳股息指引，自 2024 财年起设定 60% 至 80% 的派发率 | Total dividends declared reflected a payout ratio of 79.2% for FYE 2024, 76.6% for FYE 2025 excluding one-off impairment, and 75.4% for FYE 2026.宣布的股息总额在 2024 财年反映了 79.2% 的派发率，2025 财年（剔除一次性减值）为 76.6%，2026 财年为 75.4%。 Source: annual report 2024, page 17; annual report 2025, page 17; annual report 2026, page 31.出处：2024 年年报第 17 页；2025 年年报第 17 页；2026 年年报第 31 页。 | Maintained持续执行 |
| The proposed Consumer Credit Act was expected to come into force before the end of 2025拟议的《消费信贷法》预计在 2025 年底前生效 | The Consumer Credit Act 2025 was gazetted on 31 December 2025 and came into effect from 1 March 2026, with licensing requirements taking effect on 1 June 2026.《2025 年消费信贷法》于 2025 年 12 月 31 日刊宪，自 2026 年 3 月 1 日起生效，牌照要求自 2026 年 6 月 1 日起生效。 Source: annual report 2025, page 23; annual report 2026, page 27.出处：2025 年年报第 23 页；2026 年年报第 27 页。 | In force from 1 March 2026自 2026 年 3 月 1 日起生效 |
| Looking ahead to FYE 2026, the group planned to focus on employee well-being efforts including mental fitness展望 2026 财年，集团计划专注于员工福祉工作，特别是心理健康 | In FYE 2026, the group conducted mental fitness courses to raise health awareness.在 2026 财年，集团举办了心理健康课程以提高健康意识。 Source: annual report 2025, page 27; annual report 2026, page 42.出处：2025 年年报第 27 页；2026 年年报第 42 页。 | Carried out已执行 |
What the reports leave open年报留下待看的事
- Implementation of the Consumer Credit Act 2025, which took effect from 1 March 2026 with licensing requirements effective from 1 June 2026; the group says it is not directly impacted at this stage given its focus on personal financing for civil servants.《2025 年消费信贷法》的实施，该法于 2026 年 3 月 1 日生效，牌照要求自 2026 年 6 月 1 日起生效；集团表示由于专注于公务员个人融资，现阶段未受直接影响。
Source: annual report 2026, page 27.出处：2026 年年报第 27 页。
- The proposed new employees' share scheme of up to 15% of total issued shares announced on 26 May 2026, subject to shareholder approval.2026 年 5 月 26 日宣布的最高占已发行股份总数 15% 的新员工持股计划提案，尚待股东批准。
Source: annual report 2026, pages 263, 270, 275.出处：2026 年年报第 263、270、275 页。
- Progressive contribution and performance of Corewealth Alliance Dynamic Sdn Bhd following initial integration and development costs.Corewealth Alliance Dynamic Sdn Bhd 在承担初期整合与开发成本后的后续贡献与表现。
Source: annual report 2026, page 38.出处：2026 年年报第 38 页。
- Civil servant bankruptcies and credit conditions, where 4,194 civil servants were declared bankrupt between 2020 and mid-2025.公务员破产与信用状况，在 2020 年至 2025 年中期间共有 4,194 名公务员被宣告破产。
Source: annual report 2026, pages 26, 28.出处：2026 年年报第 26、28 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-11-06.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 2026-11-06。