DailySpaceETA Group Berhad
9946 · Main Market主板（Main Market） · annual reports 2023 to 2025, 1330 entries read2023 至 2025 年报，共读出 1330 条
The company这家公司
Rex was incorporated on 26 November 1993 and was listed on the Second Board on 29 November 1995. Subsidiary Rex Canning Co. Sdn. Bhd. was founded in 1965 as a manufacturer, distributor and exporter of halal canned products, frozen food, and beverages. On 25 November 2025, the company changed its name to ETA Group Berhad. During the financial period, the company disposed of its operating subsidiaries and ceased all manufacturing and trading activities in Malaysia, focusing F&B operations solely on Indonesia and expanding into property and construction.Rex 于 1993 年 11 月 26 日注册成立，并于 1995 年 11 月 29 日在第二板上市。子公司 Rex Canning Co. Sdn. Bhd. 创立于 1965 年，是清真罐头食品、冷冻食品及饮料的制造商、分销商与出口商。2025 年 11 月 25 日，公司更名为 ETA Group Berhad。在该财政期间内，公司出售了其营运子公司并停止了在马来西亚的所有制造与贸易活动，食品饮料业务专注于印尼营运，并扩展进入房地产与建筑领域。
Source: annual report 2023, page 45; annual report 2025, pages 39, 40, 76, 86.出处：2023 年年报第 45 页；2025 年年报第 39、40、76、86 页。
For the financial period ended 31 December 2025, revenue from continuing operations was RM157.48 million, comprising RM125.99 million from F&B and RM31.49 million from Property and Construction. Manufacturing and distribution of canned food, beverages and premix products contributed 125,987,516, while trading and distribution of construction materials contributed 31,492,637. By destination, the USA contributed 85,498,441, Malaysia contributed 43,882,760, Europe contributed 23,568,542, and Asia excluding Malaysia contributed 4,530,410.截至 2025 年 12 月 31 日止财政期间，持续经营业务营业额为 RM157.48 million，其中食品饮料占 RM125.99 million，房地产与建筑占 RM31.49 million。按业务划分，罐头食品、饮料与预混产品的制造与分销贡献 125,987,516，建筑材料的贸易与分销贡献 31,492,637。按目的地划分，美国贡献 85,498,441，马来西亚贡献 43,882,760，欧洲贡献 23,568,542，除马来西亚外的亚洲地区贡献 4,530,410。
Source: annual report 2025, pages 76, 117, 145.出处：2025 年年报第 76、117、145 页。
In 2023, one customer contributed RM23,754,284, representing 15% of revenue. In 2024, three customers contributed RM8,880,059, representing 7% of revenue. In 2025, five customers contributed RM38,803,230, representing 25% of revenue, and five customers accounted for 88% of gross trade receivables.2023 年，单一客户贡献 RM23,754,284，占营业额的 15%。2024 年，三家客户贡献 RM8,880,059，占营业额的 7%。2025 年，五家客户贡献 RM38,803,230，占营业额的 25%，且五家客户占应收贸易账款总额的 88%。
Source: annual report 2023, page 136; annual report 2024, page 148; annual report 2025, page 146.出处：2023 年年报第 136 页；2024 年年报第 148 页；2025 年年报第 146 页。
ETA Industries Sdn. Bhd. held 361,989,767 shares, representing 55.04% of issued shares. Of these shares, 326,994,883 shares (49.72%) were held under a pledged securities account with AL Rajhi Banking & Investment Corporation (Malaysia) Bhd, and 34,994,884 shares (5.32%) under a pledged securities account with Maybank Nominees (Tempatan) Sdn. Bhd. Previously, Daiman Taipan Sdn. Bhd. and Darmendran Kunaretnam held the largest shareholdings, which were disposed during the 2025 period.ETA Industries Sdn. Bhd. 持有 361,989,767 股，占已发行股份的 55.04%。在这些股份中，326,994,883 股（49.72%）存放于 AL Rajhi Banking & Investment Corporation (Malaysia) Bhd 的质押证券账户，34,994,884 股（5.32%）存放于 Maybank Nominees (Tempatan) Sdn. Bhd. 的质押证券账户。此前，Daiman Taipan Sdn. Bhd. 与 Darmendran Kunaretnam 持有最大股份，但已于 2025 年期间全部脱售。
Source: annual report 2023, page 51; annual report 2024, page 68; annual report 2025, pages 79, 80, 88.出处：2023 年年报第 51 页；2024 年年报第 68 页；2025 年年报第 79、80、88 页。
On 31 March 2024, Tan Sri Dato' Mohd Ibrahim bin Mohd Zain and Tai Keat Chai resigned from the Board. Hong Kok Cheong was appointed on 13 March 2024 and became Chairman on 31 March 2024. On 1 August 2025, Tam Kok Meng and Dato' Cheah Teng Lim resigned, and Mak Ai-Leen was appointed to the Board. Chee Cheng Chun resigned on 12 September 2025, while Law Ngee Song and Eau Yong Eun were appointed on 12 September 2025.2024 年 3 月 31 日，Tan Sri Dato' Mohd Ibrahim bin Mohd Zain 与 Tai Keat Chai 辞任董事职位。Hong Kok Cheong 于 2024 年 3 月 13 日获委任，并于 2024 年 3 月 31 日出任主席。2025 年 8 月 1 日，Tam Kok Meng 与 Dato' Cheah Teng Lim 辞任，Mak Ai-Leen 获委任进入董事会。Chee Cheng Chun 于 2025 年 9 月 12 日辞任，Law Ngee Song 与 Eau Yong Eun 于 2025 年 9 月 12 日获委任。
Source: annual report 2024, pages 9, 18, 75; annual report 2025, pages 15, 16, 24, 33.出处：2024 年年报第 9、18、75 页；2025 年年报第 15、16、24、33 页。
Revenue by destination, 20252025 年按销往地区划分的营业额
Source: annual report 2025, page 145.出处：2025 年年报第 145 页。
Major events大事记
Source: annual report 2023, pages 44, 47.出处：2023 年年报第 44、47 页。
Source: annual report 2023, pages 64, 147.出处：2023 年年报第 64、147 页。
Source: annual report 2024, pages 136, 160.出处：2024 年年报第 136、160 页。
Source: annual report 2024, pages 9, 18.出处：2024 年年报第 9、18 页。
Source: annual report 2024, page 62.出处：2024 年年报第 62 页。
Source: annual report 2025, page 5.出处：2025 年年报第 5 页。
Source: annual report 2025, pages 72, 74.出处：2025 年年报第 72、74 页。
Source: annual report 2025, pages 78, 157.出处：2025 年年报第 78、157 页。
Source: annual report 2025, pages 76, 86.出处：2025 年年报第 76、86 页。
Source: annual report 2025, pages 78, 157.出处：2025 年年报第 78、157 页。
Revenue, profit and cash营业额、盈利与现金
Assets, equity and borrowings资产、权益与借款
20232023 年
In FY2023, net cash used in operating activities was RM3,509,699. The rights issue completed on 30 August 2022 raised gross proceeds of RM16,441,765, and net proceeds after transaction costs were 15,813,236. Acquisition of property, plant and equipment took RM1,673,746, while net drawdown of borrowings was RM2,716,375. Repayment to directors was 4,307,970 (the previous year saw advances from directors of 4,280,010). Impairment loss on property, plant and equipment was 20,633,216, allowance for obsolete and slow-moving inventories was 5,446,445, provision for employee termination benefits was 900,000, and provision for dismantling and relocation cost was 360,000.2023 财政年度，营运活动所用现金净额为 RM3,509,699。2022 年 8 月 30 日完成的附加股筹集总款项 RM16,441,765，扣除交易成本后净款项为 15,813,236。购置物业、厂房及设备支出 RM1,673,746，而借款净提取为 RM2,716,375。向董事偿还款项为 4,307,970（上一年度为董事垫款 4,280,010）。物业、厂房及设备减值亏损为 20,633,216，陈旧及呆滞存货拨备为 5,446,445，员工解雇福利拨备为 900,000，拆除及搬迁费用拨备为 360,000。
Source: annual report 2023, pages 44, 45, 71, 73, 74, 75, 76.出处：2023 年年报第 44、45、71、73、74、75、76 页。
20242024 年
In FY2024, net cash from operating activities was 1,206,311. Acquisition of property, plant and equipment was 3,023,941, while sales proceeds from disposal of property, plant and equipment were 990,625. Borrowings were repaid by a net 5,957,540, repayments to directors were 1,795,445, and principal lease payments were 101,172. On 10 November 2023, a subsidiary entered into an agreement to dispose two lots of property for RM41,800,000.2024 财政年度，营运活动所得现金净额为 1,206,311。购置物业、厂房及设备为 3,023,941，而出售物业、厂房及设备的销售所得为 990,625。借款净偿还 5,957,540，向董事偿还款项为 1,795,445，租赁本金付款为 101,172。2023 年 11 月 10 日，一家子公司签订协议以 RM41,800,000 出售两处物业资产。
Source: annual report 2024, pages 62, 92, 136, 160.出处：2024 年年报第 62、92、136、160 页。
20252025 年
The disposal of the property was completed on 30 September 2024 for RM41.80 million, generating a gain on disposal of assets held for sale of 15,158,710. On 17 September 2025, the group entered into a conditional agreement with Darmendran Kunaretnam to dispose subsidiaries Rex Canning Co. Sdn Bhd and Rex Trading Sdn Bhd for RM40.00 million, completed on 8 December 2025. The disposal resulted in a loss on deconsolidation of 5,226,463 and net cash outflows on disposal of subsidiaries of 3,116,502, as cash and cash equivalents disposed were 43,116,502. Proceeds of RM40,000,000 were held in trust by solicitors at period end. Acquisition of property, plant and equipment was 2,091,255, while net drawdown of borrowings was 3,775,136.物业出售于 2024 年 9 月 30 日完成，金额为 RM41.80 million，产生待售资产处置收益 15,158,710。2025 年 9 月 17 日，集团与 Darmendran Kunaretnam 签订有条件协议，以 RM40.00 million 出售子公司 Rex Canning Co. Sdn Bhd 与 Rex Trading Sdn Bhd，该交易于 2025 年 12 月 8 日完成。由于处置的现金及现金等价物达 43,116,502，该项处置导致合并终止亏损 5,226,463 以及出售子公司现金净流出 3,116,502。期末由律师托管持有的出售所得款项为 RM40,000,000。购置物业、厂房及设备为 2,091,255，而借款净提取为 3,775,136。
Source: annual report 2024, page 62; annual report 2025, pages 72, 74, 103, 104, 105, 131, 135, 136.出处：2024 年年报第 62 页；2025 年年报第 72、74、103、104、105、131、135、136 页。
Across the three years三年合看
Borrowings were 31,765,591 in 2023, 24,848,639 in 2024, and 11,171,032 in 2025. Total equity attributable to owners stood at 103,562,249 in 2023, 96,360,847 in 2024, and 95,397,868 in 2025. Cash and bank balances were RM17.4 million in 2023, RM8.3 million in 2024, and RM2.7 million in 2025. No dividend was paid or declared across the three financial periods.借款在 2023 年为 31,765,591，2024 年为 24,848,639，2025 年为 11,171,032。归属于母公司股东权益总额在 2023 年为 103,562,249，2024 年为 96,360,847，2025 年为 95,397,868。现金与银行结余在 2023 年为 RM17.4 million，2024 年为 RM8.3 million，2025 年为 RM2.7 million。三个财政期间内均未支付或宣布任何股息。
Source: annual report 2023, pages 57, 146; annual report 2024, pages 74, 159; annual report 2025, pages 86, 156.出处：2023 年年报第 57、146 页；2024 年年报第 74、159 页；2025 年年报第 86、156 页。
Still to be spent尚未支出的承诺
From the rights issue proceeds, RM2.6 million remained unutilised for business expansion at 31 December 2025, with the timeframe extended to 28 August 2027. From the disposal of subsidiaries, RM39.7 million was unutilised for working capital, with proceeds held in trust by solicitors. Contracted capital commitments for building in progress were 548,848.截至 2025 年 12 月 31 日，配股所得款项中尚有 RM2.6 million 未用于业务扩张，使用期限已延长至 2027 年 8 月 28 日。出售子公司所得款项中尚有 RM39.7 million 未动用并拟用于营运资金，该款项由律师托管持有。在建工程已签约资本承诺为 548,848。
Source: annual report 2025, pages 72, 135, 145.出处：2025 年年报第 72、135、145 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 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 161,111,027 | 162,408,090 | 130,522,286 | 157,480,153 |
| Profit/(loss) before tax税前盈利（亏损） | 2,934,223 | (43,413,945) | (4,180,860) | – |
| Profit/(loss) for the year/period年度/期间盈利（亏损） | 2,027,064 | (44,399,125) | (4,167,260) | 5,187,496 |
| Net cash from/(used in) operating activities营运活动所得/（所用）现金净额 | (2,354,669) | (3,509,699) | 1,206,311 | – |
| Total assets总资产 | 201,447,318 | 178,504,661 | 155,826,332 | 153,335,548 |
| Borrowings借款 | 27,804,171 | 31,765,591 | 24,848,639 | 11,171,032 |
| Cash and bank balances现金与银行结余 | 7,890,165 | 17,427,480 | 8,338,811 | 2,664,924 |
| Total equity attributable to owners归属于母公司股东权益总额 | 129,714,375 | 103,562,249 | 96,360,847 | 95,397,868 |
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 |
|---|---|---|
| Bukit Minyak decommissioning exercise estimated to commence in end of July 2023 and expected to be completed by first quarter of financial year ending 30 June 2024Bukit Minyak 厂房停运计划预计于 2023 年 7 月底展开，并预计在截至 2024 年 6 月 30 日止财政年度第一季度前完成 | Decommissioning was carried out, with 360,000 paid for dismantling and relocation costs during 2024 and properties reclassified to assets held for sale.停运已执行，2024 年内支付了 360,000 的拆除及搬迁费用，相关产业重新分类为待售资产。 Source: annual report 2023, page 147; annual report 2024, pages 42, 126, 143.出处：2023 年年报第 147 页；2024 年年报第 42、126、143 页。 | Decommissioned已停运 |
| Rights issue proceeds of RM10.0 million allocated to business expansion, with RM4.5 million to be utilised within 30 months配股所得款项中 RM10.0 million 拨作业务扩张，剩余 RM4.5 million 将在 30 个月内使用 | In 2025, the timeframe for utilisation of proceeds was extended until 28 August 2027, with RM7.4 million utilised and RM2.6 million remaining.2025 年，所得款项使用期限延长至 2027 年 8 月 28 日，已使用 RM7.4 million，剩余 RM2.6 million。 Source: annual report 2024, page 61; annual report 2025, page 72.出处：2024 年年报第 61 页；2025 年年报第 72 页。 | Timeframe extended期限已延长 |
| Disposal proceeds of RM21.0 million allocated for repayment of bank borrowings within 12 months变卖所得款项中 RM21.0 million 拨用于 12 个月内偿还银行借款 | Disposal completed on 30 September 2024, and conventional term loan facilities were fully settled during 2025.出售于 2024 年 9 月 30 日完成，常规定期贷款于 2025 年内全数还清。 Source: annual report 2024, page 62; annual report 2025, pages 125, 136, 152.出处：2024 年年报第 62 页；2025 年年报第 125、136、152 页。 | Carried out已执行 |
| Capital commitments authorised and contracted for acquisition of machineries of 368,000 at end 20232023 年底已批准并签约的机械采购资本承诺为 368,000 | Contracted commitments for acquisition of machineries were 136,880 at end 2024 and nil at end 2025.签约的机械采购承诺在 2024 年底降至 136,880，2025 年底为零。 Source: annual report 2023, page 135; annual report 2024, page 147; annual report 2025, page 145.出处：2023 年年报第 135 页；2024 年年报第 147 页；2025 年年报第 145 页。 | No commitment remaining已无余下承诺 |
| Provision of RM900,000 for employee termination benefits with payments expected in July 2023 and August 2023员工解雇福利拨备 RM900,000，预计于 2023 年 7 月及 8 月支付 | In 2024, the report stated the amount was paid in July 2023 and August 2023, with 789,386 paid and 110,614 reversed.2024 年年报载明该款项已于 2023 年 7 月及 8 月支付，其中支付了 789,386，拨回 110,614。 Source: annual report 2023, page 131; annual report 2024, page 144.出处：2023 年年报第 131 页；2024 年年报第 144 页。 | Paid已支付 |
What the reports leave open年报留下待看的事
- Whether the proposed diversification into property and construction approved on 27 March 2026 establishes operating activities.2026 年 3 月 27 日批准的多元化进军房地产与建筑业务能否建立起实际营运。
Source: annual report 2025, pages 78, 157.出处：2025 年年报第 78、157 页。
- How the remaining proceeds are utilised, including RM39.7 million from subsidiary disposals and RM2.6 million from the rights issue.剩余所得款项将如何运用，包括出售子公司所得的 RM39.7 million 及配股所得的 RM2.6 million。
Source: annual report 2025, pages 72, 135.出处：2025 年年报第 72、135 页。
- Five customers accounted for 25% of revenue and 88% of gross trade receivables in the 2025 financial period.2025 财政期间五大客户占营业额的 25% 以及应收贸易账款总额的 88%。
Source: annual report 2025, page 146.出处：2025 年年报第 146 页。
- Controlling shareholder ETA Industries Sdn. Bhd. held 361,989,767 shares (55.04%), with 326,994,883 shares (49.72%) pledged to AL Rajhi Banking and 34,994,884 shares (5.32%) pledged to Maybank.控股股东 ETA Industries Sdn. Bhd. 持有 361,989,767 股（55.04%），其中 326,994,883 股（49.72%）质押给 AL Rajhi Banking，34,994,884 股（5.32%）质押给 Maybank。
Source: annual report 2025, pages 79, 80.出处：2025 年年报第 79、80 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。