CHAIRMAN’S STATEMENT
Greatech’s 2025 Strategic Viewpoints
For the financial year ended 31 December 2025 (“FY2025”),
the Group delivered a resilient performance amidst a softer
global investment environment except artificial intelligence
related manufacturing and significant currency volatility.
The Group recorded a revenue of RM771.48 million in 2025
(FY2024: RM752.37 million), representing a 2.5% increase.
Gross profit stood at RM220.12 million, while profit before
tax declined to RM105.20 million due to increased employee
costs following the acquisitions, tariff-related costs and
exchange loss from strengthening Malaysian Ringgit against
the US Dollar.
REVENUE
RM
0
million
CASH AND CASH
EQUIVALENTS
RM
0
million
GROSS PROFIT
RM
0
million
The Group maintained a strong balance sheet, with a healthy
cash and cash equivalents of RM247.90 million and gross
debt-to-equity ratio of approximately 4.5%. Shareholders’
equity increased to RM1.00 billion, resulting in an improved
net assets per share of 39.88 sen.
As we move into 2026, the Group faces continued
macroeconomic uncertainty, evolving US tariff policies,
currency volatility and cautious customer capital expenditure
cycles. Nevertheless, the Group’s outstanding order book
stood at approximately RM1.00 billion, providing revenue
visibility into the first half of 2027 and reinforcing the Board’s
confidence in the Group’s long-term growth trajectory.
The Board did not declare a dividend for FY2025, as priority
is being given to strategic capital allocation to support
capacity expansion, including the development of a fifth
facility in Batu Kawan, Penang, to strengthen future growth.
Strategic Update
Following the refinement of our growth strategy, the Board
has focus on ensuring disciplined and timely execution to
deliver the intended outcomes.
The acquisitions completed in late December 2023 and
early 2025 have further strengthened our strategic position,
particularly within the life sciences, semiconductor sectors
and a new hot strategic segment. These businesses are
strong strategic fits, aligned with our existing operating
segments and long-term growth priorities.
In addition, the incorporation of Greatech Integration
(Canada) Limited on 9 March 2026 represents a strategic
expansion of the Group’s presence in North America,
enhancing our proximity to customers and supporting future
growth opportunities in the region.
Integration efforts have progressed well and still in progress.
We are beginning to see early commercial synergies emerge.
Our investment proposition remains centred on selective
acquisitions that enhance capabilities, expand market access
and create long-term shareholder value.
Corporate Identity and Direction
As reflected in this Annual Report, our corporate identity
symbolises integration, precision and forward momentum,
reflecting the principles that guide Greatech’s strategy and
execution.
A more detailed discussion on the Group’s corporate identity
and its strategic significance is provided in the Management’s
Discussion and Analysis section of this Annual Report.
Sustainability
In 2025, the Board has closely overseen the execution of
the Group’s sustainability strategy. Our Sustainability Report
details the progress and initiatives implemented across the
organisation.
Our operation has made meaningful progress in carbon
reduction, reflecting our ongoing commitment to managing
emissions as a core sustainability priority.
Sustainability is fully integrated into the Group’s strategy and
leadership objectives, guided by clear action plans approved
by the Board. While the Group has been identifying and
managing climate-related risks and opportunities since
2024, formal oversight was strengthened in February 2026
through the incorporation of these responsibilities into the
Audit and Risk Management Committee’s (“ARMC”) Terms
of Reference.
Corporate Governance
As Chairman, I remain deeply committed to strong corporate
governance, which continues to be a central focus for the
Board. We regularly review our governance framework to
ensure it remains effective, robust and aligned with evolving
best practices. Further details on our governance approach
are set out in the Corporate Governance Report.
Board Update
Mr Khor Lean Heng stepped down from his executive
role as Chief Project Officer (“CPO”) and as an Executive
Director on 31 December 2025. In his capacity as CPO,
he was responsible for project management, field service
and facility management functions. On the same date, he
was re-designated as a Non-Independent Non-Executive
Director and will continue to contribute to the Board with his
extensive operational experience and industry knowledge.
I was pleased to welcome Mr Lim Chien Ch’eng to the Board
as an Independent Non-Executive Director on 1 June 2025.
Mr Lim currently serves as Independent Non-Executive
Chairman of P.I.E. Industrial Berhad and Non-Independent
Non-Executive Chairman of Chin Well Holdings Berhad. With
his extensive boardroom and industry experience, Mr Lim
has further enhanced the diversity of skills, perspectives and
governance strength of our Board. Upon his appointment,
he assumed the role of Chairman of the Nominating
Committee (“NC”) and was appointed as a member of
the ARMC as well as the Remuneration Committee (“RC”),
effective 1 June 2025.
We will also be bidding farewell to Dato’ Ooi Hooi Kiang,
who has decided not to seek re-election and will retire at
the forthcoming 2026 Annual General Meeting (“AGM”)
after nine years of dedicated service to the Company. Her
retirement is in line with the recommendation under the
Malaysian Code on Corporate Governance (“MCCG”) that
the tenure of an independent director should not exceed a
cumulative term of nine years as well as our Group Directors’
Fit and Proper Policy. Upon her retirement, Dato’ Ooi will
step down as Chairman of the ARMC, and as a member of
the NC and RC. On behalf of the Board, I extend our sincere
appreciation to Dato’ Ooi for her steadfast commitment,
leadership and invaluable contributions to the Group
throughout her tenure.
Looking ahead
Global conditions are expected to remain dynamic in 2026,
shaped by geopolitical developments, trade policies and
varying economic recovery across regions.
Amid this environment, Greatech remains focused on
capturing opportunities aligned with long-term structural
trends.
With a strong order pipeline, disciplined execution and continued innovation, we are confident in our ability to
navigate near-term volatility while positioning the Group for
sustainable, long-term growth.
Appreciation
I would like to express my appreciation to all our employees,
senior leadership team and fellow Board members for
their dedication, resilience and unwavering commitment
throughout the year. My heartfelt thanks also go to
our shareholders, customers and stakeholders for their
continued trust and support in Greatech.
DATO’ OOI BOON CHYE
Chairman
27 April 2026
MANAGEMENT DISCUSSION & ANALYSIS
OVERVIEW OF THE GROUP’S BUSINESS AND OPERATIONS
Greatech Technology Berhad (“Greatech” or “Company”) and its subsidiaries are a global leader in the customised factory
automation solutions and system integration for advanced manufacturing industries. The Group serves a diverse range of
sectors including solar energy, electric vehicles (“EVs”), batteries, semiconductors, medical devices and smart technologies,
helping customers innovate and stay competitive in rapidly evolving markets.
Greatech’s solutions are designed to meet each customer’s unique production requirements, emphasising flexibility, precision,
sustainability and efficiency. Headquartered in Penang, Malaysia, the Group operates through subsidiaries in the United States,
Ireland, Slovakia, China, and Singapore and is supported by a network of partners across key markets in America, Europe
and Asia. This global footprint allows Greatech to effectively serve multinational customers while delivering valuable regional
insights and responsive support.
The Group’s automation systems are primarily designed and developed in-house, complemented by strategic manufacturing
partnerships that provide specialised expertise and advanced technologies. This holistic approach streamlines customer
operations, reduces reliance on multiple vendors and ensures delivery of high-quality, end-to-end solutions.
Greatech has established a strong track record of consistent, compounded growth. However, the financial year ended
2025 (“FY2025”) was marked by a more challenging operating environment, as global demand softened amid heightened
macroeconomic uncertainty. The Group navigated a complex landscape characterised by geopolitical tensions, shifting trade
policies and tariff-related pressures, particularly in North America. These factors led to a more cautious investment climate, with
customers deferring or moderating capital expenditure, resulting in slower order flows and extended project timelines.
In response, Greatech strengthened its operational resilience by focusing on organic revenue growth, disciplined cost
management and enhanced project execution. At the same time, the Group continued to leverage its engineering capabilities
and long-standing customer relationships to position itself for future growth opportunities.
In line with the Group’s strategic evolution and expanding global footprint, Greatech
introduced a refreshed corporate identity. The new Greatech logo, comprising a
geometric emblem and a refined wordmark, reflects the Group’s core principles
of precision engineering, balance and integration in the development of complex
automation solutions. The interlocking “G” symbolises the seamless integration of
software, hardware and engineering expertise into high-performance systems, while its
dynamic form represents momentum and forward progress.
The embedded precision node further underscores the Group’s disciplined, data-driven
approach to engineering, project costing and financial management. Together, these
elements reinforce the Group’s commitment to operational excellence and long-term
value creation.
The Group continues to solidify its position as a global automation solutions provider through the delivery of high-quality,
customised systems. Our solutions play a critical role in our customers’ operations, enhancing productivity, efficiency, safety and
sustainability. By pairing a broad global footprint and localised expertise, we remain a trusted partner capable of adapting to
shifting market demands while optimising our portfolio for high-growth sectors.
Electrification remains a pillar of our long-term strategy. Despite a stabilising market pace in 2025, the Group achieved a notable
technical breakthrough in the E-Mobility segment, successfully delivering a cylindrical cell pack assembly line within a lean
manufacturing timeframe. The system achieved a record 35-second cycle speed, setting a new internal benchmark for lean,
high-speed battery production.
In 2025, the integration of Manz Slovakia s.r.o. has bolstered our Central European presence and serves as a technical gateway,
strengthening our Original Design Manufacturing (“ODM”) capabilities for high-complexity systems. This acquisition marks a
major leap in our Local-for-Local strategy, ensuring we remain agile and responsive in a shifting geopolitical landscape.
We are prioritising expansion in the United States, where we have made steady progress in localising manufacturing, supply
chains and service hubs to ensure faster response times and operational stability in these structurally attractive markets.
OVERVIEW OF THE GROUP’S BUSINESS AND OPERATIONS
Key Achievements
The Edge Billion Ringgit Club 2025
Greatech is honoured to be recognised by The
Edge Billion Ringgit Club 2025 for achieving the
Highest Return on Equity for three consecutive
years. This prestigious accolade underscores
the
Group’s sustained financial discipline,
commitment to innovation and ability to deliver
consistent performance over time.
This achievement reflects the dedication of our
team and the continued trust of our stakeholders.
As we celebrate this three-year streak of
25
excellence, we remain committed to growing
with purpose and engineering a future of shared
value and resilience.
FTSE4Good Bursa Malaysia Index (“F4GBM”) and FTSE4Good Bursa Malaysia Shariah Index (“F4GBMS”) 2025
Greatech is pleased to maintain its inclusion in both the FTSE4Good Bursa Malaysia (“F4GBM”) Index and the FTSE4Good Bursa
Malaysia Shariah (“F4GBMS”) Index for the 2025/2026 period, following the latest review by FTSE Russell. With a sustained
4-star ESG rating, the Group remains positioned within the top 25% of public listed companies in the FTSE Bursa Malaysia EMAS
Index, reflecting its continued commitment to strong environmental, social and governance (“ESG”) practices and sustainable
value creation.
ASEAN Corporate Governance Conference
Greatech is honoured to be recognised as an ASEAN Asset Class Public Listed
Companies at the ASEAN Corporate Governance Conference and Awards 2025. This
recognition, led by the ASEAN Capital Markets Forum and the Asian Development
Bank, is awarded to companies achieving at least 75% on the ASEAN Corporate
Governance Scorecard. This achievement underscores the Group’s commitment to
high standards of transparency, accountability and ethical governance.
Penang Green Council (“PGC”) Recognitions
Greatech continues to strengthen its leadership in sustainability, receiving multiple recognitions from the PGC. The
Group achieved Green Office Certification across all five sites in Penang and was ranked among the Top 5 recipients of
the 2025 Green Office Excellence Award. In addition, Greatech received the Green Pinang Awards and the Perbadanan
Bekalan Air Pulau Pinang AquaSave Certification for its efforts in sustainable water management. These recognitions
reflect the Group’s ongoing commitment to environmental stewardship and responsible operations.
Bursa Malaysia Quality 50 Index (“BMQ”)
Greatech is honoured to be included in the inaugural Bursa Malaysia Quality 50 Index, launched on 12 January 2026 to recognise
the top 50 Malaysian companies exhibiting exceptional financial quality and long-term resilience. This recognition reflects the
Group’s disciplined financial management, underpinned by solid return on equity, a healthy debt-to-equity profile and robust
operating cash flow. It reinforces Greatech’s ability to deliver sustainable, high-quality earnings in a dynamic global environment.
Key Markets
Order Prospects
The Group demonstrated strong operational resilience and commercial agility throughout FY2025. Beginning the year
with an order book of RM785 million, order intake accelerated in the second half, lifting the outstanding order book to
a record RM1.00 billion as at 20 February 2026.
This milestone marks a significant inflexion point for the Group, providing a strong revenue pipeline and improved
earnings visibility through the first half of 2027.
The Data Centre Infrastructure segment is emerging as a notable growth driver, supported by rapid global expansion
in data centre capacity. Demand for automation solutions supporting cooling systems and structural infrastructure is
gaining traction and is expected to contribute meaningfully to the Group’s future order intake.
The Life Sciences segment is also expected to record stronger growth moving forward as the Group continues to engage
with global medical technology companies seeking to automate precision manufacturing processes.
Supported by a robust order pipeline, diversified industry exposure and expanding technological capabilities, the Group
remains cautiously optimistic about its growth prospects in the coming years.
Investing in Growth
The Group’s strategic focus on inorganic growth continues to deliver positive outcomes. Our recently acquired businesses
have performed encouragingly, with integration progressing smoothly across operational and commercial functions.
These acquisitions have strengthened the Group’s technical capabilities in mechatronics while providing immediate
access to established European customer ecosystems, particularly within the Life Sciences and Semiconductor sectors.
During the year, the Group also made meaningful progress in penetrating data centre markets. By securing new orders
from Tier-1 global customers and expanding our participation in next-generation manufacturing supply chains, the Group
has strengthened earnings visibility beyond the current financial year. These programme wins reinforce management’s
confidence in the Group’s long-term growth trajectory.
Building on the successful operationalisation of Greatech Integration (USA) Inc., the Group achieved another strategic
milestone on 9 March 2026 with the decision to establish a new facility in Canada. This expansion enhances our geographic
presence and capabilities, complementing our existing operations in Malaysia.
To support future growth and increasingly complex project requirements, the Group is investing approximately RM322
million in the development of a new state-of-the-art facility in Batu Kawan, Penang. This expansion will significantly
increase production floor space and enhance the Group’s capacity to deliver larger and more complex PLS, as well as
automation solutions for emerging data centre infrastructure projects.
In parallel with these growth initiatives, the Group continues to optimise its operational footprint and allocate resources
efficiently across its global operations. In this regard, the Group undertook a streamlining exercise involving certain non
core entities. On 12 February 2026, the Group received approval from the Securities and Exchange Commission for the
voluntary dissolution of GT Integration (Philippines) Inc. (“GIP”), a wholly-owned subsidiary.
As GIP had not commenced operations and there were no plans for activation in the foreseeable future, the dissolution
allows the Group to focus management resources on active growth hubs. The exercise does not have any material impact
on the Group’s financial position or earnings.
FINANCIAL HIGHLIGHTS
Financial Performance
The Group recorded a new revenue high of RM771.48
million in FY2025, representing a 2.5% increase from
RM752.37 million in the preceding year. This steady growth
was primarily driven by the strategic acquisitions of GII and
GMS, which strengthened the Group’s global footprint and
enhanced its technological capabilities, alongside support
from a resilient order book heading into 2026.
Gross Profit (“GP”) declined by 6.7% to RM220.12 million
(FY2024: RM236.03 million), resulting in the GP margin
moderating to 28.5% from 31.4%. The margin compression
was mainly attributable to changes in product mix and
intensified pricing pressures during the year, despite the
Group achieving higher top-line revenue.
The Group’s Profit Before Taxation (“PBT”) decreased by
41.4% to RM105.20 million (FY2024: RM179.56 million),
driven mainly by elevated employee costs following the
acquisitions and higher foreign exchange losses resulting
from the weakening US Dollar.
Other income decreased by 20.0% to RM11.52 million
in FY2025 (FY2024: RM14.39 million) mainly due to the
absence of prior year unrealised foreign exchange gains
of RM2.60 million, as currency movements reversed during
FY2025.
The Group’s effective tax rate increased to 17.4% in
FY2025 (FY2024: 13.7%). The higher tax rate was primarily
attributable to the deferred tax liabilities arising from
temporary differences between accounting depreciation
and capital allowances, and taxes on non-pioneer project
profits.
Consequently, basic and diluted earnings per share (“EPS”)
decreased to 3.46 sen (FY2024: 6.18 sen basic; 6.17 sen
diluted). Despite lower earnings, the Group maintains
a
strong balance sheet, providing sufficient liquidity
and financial flexibility to support ongoing research and
development (“R&D”) initiatives and strategic expansion.
Financial Position
The Group’s financial position remained robust in FY2025,
with net assets increasing to RM1.00 billion (FY2024:
RM909.29 million), supported by retained earnings and
overall balance sheet expansion. Cash and cash equivalents
rose to RM247.90 million (FY2024: RM232.82 million),
reflecting sustained liquidity and disciplined financial
management.
Total assets grew to RM1.20 billion as at 31 December
2025, up from RM1.11 billion recorded in FY2024. The
increase was primarily driven by higher property, plant and
equipment of RM41.41 million, an expansion in contract
assets of RM57.89 million, an increase in short-term funds of
RM13.38 million and an increase in cash and bank balances
of RM34.98 million. These increases were partially offset by
reductions in trade and other receivables of RM44.48 million
and inventories of RM30.91 million respectively, indicating
improved working capital management during the year.
During FY2025, the Group invested approximately RM23.16
million in capital expenditure for the acquisition of property,
plant and equipment. These investments are mainly directed
towards operational and capacity-enhancing assets,
including a new factory in Ireland, plant and machinery,
and supporting equipment. The capital investments are
aligned with the Group’s strategy to strengthen operational
capabilities and support long-term growth.
Total liabilities decreased to RM193.86 million (FY2024:
RM202.98 million) mainly underpinned by a RM23.01 million
decline in trade and other payables and a RM30.16 million
decrease in contract liabilities. These were partially offset
by increases in borrowings of RM32.18 million and RM10.77
million increased in deferred tax liabilities.
Consequently, total equity increased to RM1.00 billion
(FY2024: RM909.29). In line with the strengthening equity
base, the Group’s net asset value per share rose to 39.88
(FY2024: 36.21 sen), reflecting continued enhancement of
shareholder value.
Cash Flows
The Group generated net cash from operating activities of
RM104.81 million in FY2025, demonstrating its continued
ability to convert earnings into cash. Operating profit before
working capital changes stood at RM156.25 million.
During the year, working capital movements were mainly
driven by a decrease in inventories of RM41.76 million
and trade and other receivables of RM62.93 million. These
inflows were partially offset by an increase in contract assets
of RM58.51 million, alongside a decrease in trade and
other payables of RM51.40 million and contract liabilities
of RM37.84 million. After accounting for tax payments of
RM15.12 million, the Group maintained a solid operating
cash flow position.
Net cash used in investing activities amounted to RM76.27
million, mainly for the acquisition of GMS, and capital
expenditure on property, plants and equipment. These
investments are aligned with the Group’s strategy to
strengthen operational capabilities and support future
growth.
Net cash used in financing activities totalled RM3.58 million,
mainly due to repayments of lease liabilities and term loans
to financial institutions.
After adjusting for the effects of foreign exchange rate
changes, cash and cash equivalents increased to RM247.90
million as at 31 December 2025, compared to RM232.82
million in FY2024. The Group’s strong liquidity position
provides financial flexibility to fund ongoing expansion,
execute its growing order book and pursue strategic
investments.
CORPORATE STRATEGY
The Group’s corporate strategy is anchored in precision
engineering and sustained investment in advanced design
and-build capabilities, enabling the Group to serve high
growth global industries. This disciplined approach has
delivered strong outcomes, with both revenue and profit
tripling since June 2019, underscoring the effectiveness of
our long-term strategic execution. Today, the Group has
evolved into a premier global engineering solutions provider,
supported by an expanding international footprint and a
proven track record in delivering high-quality, customised
automation systems.
Moving forward, the Group remains focused on
strengthening its operational capabilities while scaling its
presence in key global markets. Central to this strategy is the
continuous enhancement of our engineering solutions and
active participation in structurally growing sectors. Through
a combination of innovation, operational excellence and
disciplined expansion, the Group aims to deliver sustainable
long-term value and consistent growth.
CORPORATE STRATEGY
Revenue Growth
Our growth continues to be driven by powerful global
megatrends, including automation, electrification and
digitalisation, alongside increasing emphasis on energy
security and sustainability. We remain focused on markets
where these trends converge, enabling us to capture
meaningful opportunities for profitable and sustainable
expansion.
In FY2025, 100% of our revenue was derived from four core
markets – Solar, E-Mobility, Life Sciences and Semiconductor.
A key pillar of our strategy is to broaden our customer base
by securing new global key accounts while deepening
relationships with existing customers. During the year, we
made solid progress on both fronts, successfully securing
orders from several newly targeted global customers and
expanding engagement with established clients.
FY2025 marks a milestone for the Group, with revenue
reaching a record RM771.48 million, representing a 2.5%
year-on-year increase and nearly doubling since FY2021.
This performance reinforces the strength of our long
term strategy, underpinned by disciplined execution and
continued market expansion.
Our sustained momentum reflects the Group’s successful
transformation from a predominantly solar-focused provider
into a diversified global automation solutions partner.
Through deliberate efforts to reduce concentration risk, we
have strengthened our presence in the E-Mobility sector and
expanded further into Europe, and enhanced our resilience
against sector-specific cycles.
Looking ahead, we are strategically positioning the Group
to capture accelerating opportunities in the Data Centre
market. Supported by a robust pipeline of discussions
progressing into active partnerships, we are well placed
to drive scalable growth and deliver long-term value into
FY2026 and beyond.
Talent Management
At Greatech, we recognise that our people are the primary
architects of our long-term value creation. Our leadership
philosophy is rooted in empowerment, providing clear
strategic direction while enabling our teams with autonomy
to innovate and execute. By cultivating a high-performance,
accountable culture, we ensure that our talent base evolves
in step with the Group’s rapid global expansion.
In FY2025, the Group further strengthened its investment
in professional development through the rollout of
structured technical, management and leadership training
programmes. These initiatives are designed to embed
best-in-class operational practices while reinforcing strong
ethical standards and leadership capabilities across all
organisational levels.
To measure the effectiveness of these initiatives, we established a Group-wide employee engagement.
Performance is monitored through our annual “Greatechies”
experience survey, which serves as a key feedback
mechanism to enhance transparency, strengthen workplace
culture and ensure that career progression remains closely
aligned with performance, contribution and innovation.
In response to the global shortage of specialised automation
engineers, the Group continues to invest in the Young
Engineering Programme (“YEP”), a structured platform that
bridges academia and industry. The programme culminates
in the Mechanical Design Fundamentals Presentation, where
junior engineers present and defend their projects before
the Senior Leadership Team. This capstone milestone
provides direct mentorship and ensures our next generation
of engineers is industry-ready to meet the high-precision
demands of the automation sector.
RISK MANAGEMENT
With an increasing portion of our revenue and procurement With an increasing portion of our revenue and procurement occurring in US Dollar and Euro, the Group is exposed to occurring in US Dollar and Euro, the Group is exposed to transactional and translational risks. As we scale our footprint transactional and translational risks. As we scale our footprint in North America and Europe, unmitigated currency volatility in North America and Europe, unmitigated currency volatility could lead to significant fluctuations in our reported earnings could lead to significant fluctuations in our reported earnings and profit margins when consolidated into Malaysian Ringgits.
In FY2025, the Board reviewed and approved a new Foreign Exchange Policy, establishing a new governance structure for currency risk management. We employ a natural hedge by aligning the currency of our receivables and payables where feasible.
Furthermore, the Group maintains multi-currency accounts to optimise settlement timings and utilises forward exchange contracts to hedge any significant forecasted exposure. This systematic approach ensures our margins are protected against adverse currency movements.
Historically, the Group’s revenue has been characterised by a high degree of reliance on a few major players within the Solar and EV sectors. While these relationships are stable, a significant shift in their capital expenditure cycles or global strategy could impact our order book and financial predictability. We are aggressively de-risking our revenue profile through sectoral diversification.
In FY2025, we expanded into the data centre, medical and pharmaceutical industries, supported by our new facilities in the US and Ireland. The integration of our Slovakian entity further expands our footprint in the Semiconductor and ODM sectors. This multi-pillar approach ensures that the Group is not overly dependent on any single industry lifecycle, creating a more resilient and sustainable revenue base.
The industrial automation landscape is undergoing a paradigm shift driven by AI integration and high-speed robotics. There is a continuous risk that existing proprietary technologies could become obsolete if not consistently upgraded. This is particularly critical in our EV and Life Science segments, where precision and efficiency are key competitive differentiators.
The Group maintains a proactive “Open Innovation” model, investing RM4.33 million in R&D in FY2025. We have formalised eight R&D collaboration programs with premier local universities, focusing on AI-driven quality control and vision systems. This strategy allows us to leverage academic breakthroughs to shorten our time-to-market for new solutions, ensuring our automation suites remain at the technological forefront.
Climate change poses both physical risks (disruptions to global facilities/logistics) and transition risks (tightening carbon regulations and ESG reporting requirements). Failure to align with global sustainability standards may limit our access to certain markets and green financing opportunities.
The Group is committed to the energy transition, with our core products directly enabling the global shift to EV. Operationally, our Slovakian hub’s ISO 14001:2015 certification serves as a benchmark for our environmental management. We are currently auditing our energy consumption to implement efficiency upgrades across all manufacturing sites. By aligning our growth with a low-carbon economy, we turn environmental compliance into a competitive advantage for attracting global institutional investors.
DIVIDEND
The Group does not have an explicit dividend policy, and the Board did not propose any dividend for FY2025. This remains
unchanged from the previous year.
OUTLOOK
The Group enters FY2026 with a strong and highly visible order book, providing a solid foundation for sustained revenue
recognition and effective operational planning. The successful completion of several corporate initiatives in recent years has
enabled the Group to transition from a phase of integration into one focused on value creation and operational optimisation.
Through the continued securing of major project awards in high-technology and high-barrier industries, the Group has further
strengthened its earnings visibility over the medium to long term. These programme-based engagements not only reflect the
Group’s technical capabilities and track record in delivering complex automation solutions but also reinforce management’s
confidence in the Group’s sustainable growth trajectory.
The Group continues to scale its global execution capabilities and deepen its technological expertise to capitalise on the
ongoing structural shift towards supply chain diversification and production localisation. While management remains mindful
of macroeconomic uncertainties and evolving global trade dynamics, including developments in United States trade and tariff
policies, these changes are also creating opportunities for automation-driven manufacturing solutions. As global manufacturers
increasingly pursue resilient and geographically diversified supply chains, demand for advanced automation and localised
production capabilities is expected to remain strong. With its growing operational presence across North America and Europe,
the Group is well positioned to support customers seeking to establish or expand manufacturing capacity closer to their key
markets.
The EVs sector continues to present significant growth opportunities as global automotive manufacturers accelerate the transition
towards electrification. As customers introduce next-generation EV platforms with enhanced performance and efficiency
requirements, demand has increased for advanced automation systems, particularly in battery pack assembly and powertrain
manufacturing. The Group’s specialised engineering capabilities enable it to support these evolving industry requirements
through high-precision and scalable automation solutions.
In the life sciences sector, the Group is observing a gradual recovery in capital investment, particularly within the pharmaceutical
and medical device industries. As global healthcare providers continue to prioritise innovation and manufacturing resilience,
demand for high-precision automation systems supporting medical diagnostics, drug delivery and device manufacturing is
expected to remain robust. The Group’s facilities operate in accordance with stringent international manufacturing standards,
enabling close collaboration with global healthcare companies in the development of mission-critical production systems.
The Group is also positioning itself to benefit from the rapid expansion of the global digital infrastructure and data centre
ecosystem. As demand for high-performance computing, cloud services and AI applications continues to grow, the need for
reliable power management and advanced thermal solutions within data centres has intensified. The Group is actively pursuing
opportunities within this segment, particularly in the development and assembly of specialised power modules and cooling
systems.
Overall, the enlarged Group presents significant commercial opportunities, and the Group is confident in its long-term prospects
and ability to deliver on its strategic objectives.
×
![]()