PLS Plantations Berhad

Revenue and profit before tax营业额与税前盈利

Borrowings and equity借款与股东权益

20232023 年

In FYE 2023, the company issued 39,965,600 new shares through private placements, raising gross proceeds of approximately RM38.72 million. Borrowing drawdowns were RM27,516,000, while borrowing repayments were RM35,359,000 and lease liability repayments were RM2,926,000. Capital spending included RM18,846,000 to purchase property, plant and equipment, RM5,161,000 for additions to bearer plants, and a capital contribution of RM12,000,000 in an associate, PLS LESB. The group recognised an impairment loss of RM16,699,000 on goodwill in Dulai Fruits Enterprise and an allowance of RM3,300,000 for slow-moving inventories. A subsidiary dividend of RM1 million to YPJ Holdings was set off against performance deposits.2023 财政年，公司通过私募配售发行 39,965,600 股新股，筹集总额约 RM38.72 million。借款提取额为 RM27,516,000，借款偿还额为 RM35,359,000，租赁负债偿还额为 RM2,926,000。资本支出包括购置物业、厂房及设备 RM18,846,000、增加生产性生物资产 RM5,161,000，以及向联营公司 PLS LESB 注入资本 RM12,000,000。集团对 Dulai Fruits Enterprise 的商誉确认了 RM16,699,000 的减值亏损，并计提 RM3,300,000 的滞销存货拨备。子公司向 YPJ Holdings 派发的 RM1 million 股息用于冲抵履约押金。

Source: annual report 2023, pages 72, 83, 90, 103, 104, 167, 178, 183.出处：2023 年年报第 72、83、90、103、104、167、178、183 页。

20242024 年

In FYE 2024, borrowing drawdowns were RM27,443,000, while borrowing repayments were RM35,506,000 and lease liability repayments were RM3,200,000. A financial institution notified a subsidiary that a RM30,000,000 multi trade financing-i facility with RM13,760,000 outstanding at 30 June 2024 was not allowed for further utilisation, and RM12,819,000 had been repaid up to the date of the report. Capital spending was RM4,768,000 for property, plant and equipment, RM5,708,000 for bearer plants, and RM1,076,000 for right-of-use assets, while disposals of property, plant and equipment brought RM1,046,000. Inventories were written down by RM3,273,000. A director cum shareholder committed to provide at least RM30,000,000 of funding.2024 财政年，借款提取额为 RM27,443,000，借款偿还额为 RM35,506,000，租赁负债偿还额为 RM3,200,000。一家金融机构通知一家子公司，截至 2024 年 6 月 30 日未偿余额为 RM13,760,000 的 RM30,000,000 多元贸易融资-i 融通额度不得进一步动用，截至报告日期已偿还 RM12,819,000。资本支出包括物业、厂房及设备 RM4,768,000、生产性生物资产 RM5,708,000，以及使用权资产 RM1,076,000；脱售物业、厂房及设备获得 RM1,046,000。存货减记 RM3,273,000。一名兼任股东的董事承诺提供至少 RM30,000,000 的资金支持。

Source: annual report 2024, pages 102, 113, 114, 191.出处：2024 年年报第 102、113、114、191 页。

20252025 年

In FYE 2025, no new borrowings were drawn down, while borrowing repayments were RM25,475,000 and lease liability repayments were RM2,180,000, reducing total borrowings to RM51,152,000. Multi trade financing-i was fully repaid. Capital spending was RM881,000 for property, plant and equipment, RM5,089,000 for bearer plants, and RM360,000 for biological assets, while advances to an associate took RM2,325,000. Disposals of property, plant and equipment brought RM2,215,000, and RM2,742,000 of pledged fixed deposits was withdrawn. Inventories were written back by RM1,985,000. A director cum shareholder committed to provide at least RM50,000,000 of funding, and an offer letter was received for a RM44,000,000 term financing-i facility for the banana project in Lesong.2025 财政年，公司没有提取新借款，借款偿还额为 RM25,475,000，租赁负债偿还额为 RM2,180,000，借款总额降至 RM51,152,000。多元贸易融资-i 已全额还清。资本支出包括物业、厂房及设备 RM881,000、生产性生物资产 RM5,089,000，以及生物资产 RM360,000；向联营公司垫款支出 RM2,325,000。脱售物业、厂房及设备获得 RM2,215,000，并提取了 RM2,742,000 的抵押定期存款。存货回拨 RM1,985,000。一名兼任股东的董事承诺提供至少 RM50,000,000 的资金支持，且公司收到了有关彭亨立盛香蕉项目 RM44,000,000 定期融资-i 额度的要约函。

Source: annual report 2025, pages 121, 122, 188, 194, 218.出处：2025 年年报第 121、122、188、194、218 页。

Across the three years三年合看

Total borrowings fell across the three reports from RM83,701,000 in 2023 to RM80,913,000 in 2024 and RM51,152,000 in 2025, while the narrative sections give group borrowing of RM91.4 million, RM89.2 million and RM57.1 million. No dividend was declared or paid by the company in any of the three financial years. Total unexercised warrants remained at 162,714,000 across all three years.借款总额在三份年报中逐年下降，由 2023 年的 RM83,701,000 降至 2024 年的 RM80,913,000 及 2025 年的 RM51,152,000；年报叙述部分所列集团借款为 RM91.4 million、RM89.2 million 及 RM57.1 million。公司在这三个财政年度均未宣布或派发股息。三年来未行使权证总数均维持在 162,714,000 份。

Source: annual report 2023, pages 15, 83, 84; annual report 2024, pages 16, 94; annual report 2025, pages 8, 17, 100, 184, 191.出处：2023 年年报第 15、83、84 页；2024 年年报第 16、94 页；2025 年年报第 8、17、100、184、191 页。

Still to be spent尚未支出的承诺

At 30 June 2025, capital commitments approved and contracted for were nil, having fallen from RM14,942,000 in 2024 and RM11,788,000 in 2023. Capital commitments approved but not contracted for were RM17,026,000 at 30 June 2025, compared with RM30,065,000 in 2024 and RM18,946,000 in 2023. The RM38.72 million of gross proceeds from the 2023 private placement had RM0.3 million unutilised at 30 June 2023 and was fully utilised during the 2024 financial year.截至 2025 年 6 月 30 日，已批准且已签约的资本承诺为零，此前 2024 年为 RM14,942,000，2023 年为 RM11,788,000。截至 2025 年 6 月 30 日，已批准但未签约的资本承诺为 RM17,026,000，相比之下 2024 年为 RM30,065,000，2023 年为 RM18,946,000。2023 年私募配售筹集的 RM38.72 million 总收益在 2023 年 6 月 30 日尚有 RM0.3 million 未动用，并在 2024 财政年度内全部动用完毕。

Source: annual report 2023, pages 72, 216; annual report 2024, pages 82, 222; annual report 2025, page 220.出处：2023 年年报第 72、216 页；2024 年年报第 82、222 页；2025 年年报第 220 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。

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

• Whether the RM44,000,000 term financing-i facility for the Lesong banana project offered on 14 August 2025 is executed and drawn down, alongside the financial support commitment of at least RM50,000,000 from a director cum shareholder.2025 年 8 月 14 日获发要约函的彭亨立盛香蕉项目 RM44,000,000 定期融资-i 额度能否正式签署并提取，以及兼任股东的董事所承诺的至少 RM50,000,000 资金支持如何落实。

  Source: annual report 2025, page 218.出处：2025 年年报第 218 页。

• Collection of trade receivables past due more than 1 year, which stood at RM11,847,000 at 30 June 2025 down from RM39,374,000 in 2024, with group accumulated impairment losses on trade receivables at RM8,288,000.逾期超过 1 年的应收账款回收进展（截至 2025 年 6 月 30 日为 RM11,847,000，2024 年为 RM39,374,000），以及集团针对贸易应收款累计计提的 RM8,288,000 减值准备。

  Source: annual report 2025, pages 189, 212.出处：2025 年年报第 189、212 页。

• The outcome of the fruit supply lawsuit claiming RM1,866,730, with trial fixed for 12 and 19 December 2025, and of PLSB's arbitration claim to recover RM10.3 million it spent on third parties to complete sub-contract works.索偿 RM1,866,730 的水果供应诉讼结果（审讯定于 2025 年 12 月 12 日及 19 日），以及 PLSB 为追讨聘请第三方完成分包工程所花 RM10.3 million 而提出的仲裁结果。

  Source: annual report 2025, page 206.出处：2025 年年报第 206 页。

• The appointment of a new Managing Director, as the company stated it was in the process of identifying a suitable candidate to assume the role.新任董事经理的委任进展，公司表示正在物色合适人选以出任该职位。

  Source: annual report 2025, page 74.出处：2025 年年报第 74 页。