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ABLE GLOBAL BERHAD Interim / Quarterly Report 2026
70197_rns_2026-05-21_7216eb65-6863-4d96-9e5c-bae6ee962e65.pdf
Interim / Quarterly Report
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ABLE GLOBAL BERHAD
Registration No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
QUARTERLY REPORT
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
(UNAUDITED)
This Report is dated 22nd May 2026
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
QUARTERLY REPORT
FOR THE FIRST QUATER ENDED 31 MARCH 2026
| CONTENTS | PAGES |
|---|---|
| Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | 1 |
| Condensed Consolidated Statement of Financial Position | 2 - 3 |
| Condensed Consolidated Statement of Changes in Equity | 4 - 5 |
| Condensed Consolidated Statement of Cash Flows | 6 |
| Notes to the Financial Information | 7 - 15 |
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| Current Period Quarter 31-03-2026 RM'000 | Preceding Period Corresponding Quarter 31-03-2025 RM'000 | Current Year- To-Date 31-03-2026 RM'000 | Preceding Year- To-Date 31-03-2025 RM'000 | |
| REVENUE | 180,730 | 157,501 | 180,730 | 157,501 |
| Cost of sales | (145,341) | (127,284) | (145,341) | (127,284) |
| GROSS PROFIT | 35,389 | 30,217 | 35,389 | 30,217 |
| Net other income | 1,396 | 1,385 | 1,396 | 1,385 |
| Administrative expenses | (6,398) | (6,607) | (6,398) | (6,607) |
| Selling and distribution expenses | (5,956) | (5,636) | (5,956) | (5,636) |
| Net (loss)/profit on foreign exchange and financial instruments | (1,712) | 291 | (1,712) | 291 |
| Finance costs | (999) | (2,325) | (999) | (2,325) |
| Share of profit/(loss) of equity accounted joint ventures | 3,844 | 977 | 3,844 | 977 |
| PROFIT BEFORE TAX | 25,564 | 18,302 | 25,564 | 18,302 |
| Income tax expense B8 | (5,965) | (3,970) | (5,965) | (3,970) |
| PROFIT FOR THE PERIOD/YEAR | 19,599 | 14,332 | 19,599 | 14,332 |
| Non-controlling interests | (275) | (239) | (275) | (239) |
| PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY | 19,324 | 14,093 | 19,324 | 14,093 |
| OTHER COMPREHENSIVE INCOME | ||||
| Share of other comprehensive income of equity accounted joint ventures | 150 | 39 | 150 | 39 |
| Total other comprehensive Income/(expense) | 150 | 39 | 150 | 39 |
| TOTAL COMPREHENSIVE INCOME B9 | 19,474 | 14,132 | 19,474 | 14,132 |
| Profit after tax attributable to: | ||||
| Owners of the Company | 19,324 | 14,093 | 19,324 | 14,093 |
| Non-controlling interests | 275 | 239 | 275 | 239 |
| 19,599 | 14,332 | 19,599 | 14,332 | |
| Total comprehensive income attributable to: | ||||
| Owners of the Company | 19,474 | 14,132 | 19,474 | 14,132 |
| Non-controlling interests | 275 | 239 | 275 | 239 |
| 19,749 | 14,371 | 19,749 | 14,371 | |
| Earnings per share (sen): | ||||
| - Basic | B10 | 6.28 | 4.58 | 6.28 |
The Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the Annual Financial Statements for the year ended 31 December 2025 and the accompanying explanatory notes to the quarterly report.
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2026 (UNAUDITED)
| | NOTE | As at
31 March 2026
(Unaudited)
RM'000 | As at
31 December 2025
(Audited)
RM'000 |
| --- | --- | --- | --- |
| ASSETS | | | |
| Non-Current Assets | | | |
| Property, plant and equipment | | 177,488 | 172,820 |
| Investment in joint ventures | B11 | 39,955 | 36,234 |
| Goodwill on consolidation | | 10,650 | 10,650 |
| Investment properties | | 4,410 | 4,405 |
| Rights of use assets | | 1,352 | 729 |
| Other investment | | 17 | 17 |
| | | 233,872 | 224,855 |
| Current Assets | | | |
| Inventories | | 169,412 | 144,971 |
| Property development costs | | 192,303 | 191,896 |
| Trade receivables | | 101,442 | 99,512 |
| Other receivables | | 1,913 | 1,485 |
| Amount owing by joint ventures | | 11,159 | 12,784 |
| Tax recoverable | | 1,229 | 2,059 |
| Cash and cash equivalents | | 130,169 | 146,297 |
| | | 607,627 | 599,004 |
| TOTAL ASSETS | | 841,499 | 823,859 |
EQUITY AND LIABILITIES
Share Capital and Reserves
Share capital
Treasury shares
Cumulative retained earnings
Equity Attributable to Owners of the Company
Non-controlling interests
TOTAL EQUITY
| 176,816 | 176,816 |
|---|---|
| (4,249) | (4,249) |
| 370,857 | 357,534 |
| 543,424 | 530,101 |
| 4,105 | 3,830 |
| 547,529 | 533,931 |
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Annual Financial Statements for the year ended 31 December 2025 and the accompanying explanatory notes to the quarterly report.
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2026 (UNAUDITED) (cont'd)
| | NOTE | As at
31 March 2026
(Unaudited)
RM'000 | As at
31 December 2025
(Audited)
RM'000 |
| --- | --- | --- | --- |
| EQUITY AND LIABILITIES (cont'd) | | | |
| Non-Current Liabilities | | | |
| Lease liabilities | | 442 | 20 |
| Long-term borrowings | B12 | 88,636 | 95,478 |
| Retirement benefits | | 347 | 347 |
| Deferred tax liabilities | | 6,124 | 5,109 |
| Total Non-Current Liabilities | | 95,549 | 100,954 |
| Current Liabilities | | | |
| Trade payables | | 52,192 | 47,804 |
| Other payables | | 35,569 | 43,108 |
| Lease liabilities | | 954 | 756 |
| Short-term borrowings | B12 | 105,745 | 92,564 |
| Current tax liabilities | | 3,961 | 4,742 |
| Total Current Liabilities | | 198,421 | 188,974 |
| TOTAL LIABILITIES | | 293,970 | 289,928 |
| TOTAL EQUITY AND LIABILITIES | | 841,499 | 823,859 |
| | | RM | RM |
| Net Assets (NA) per share attributable to
ordinary equity holders of the Company | | 1.77 | 1.72 |
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Annual Financial Statements for the year ended 31 December 2025 and the accompanying explanatory notes to the quarterly report.
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
| Share Capital RM'000 | Treasury Shares RM'000 | Non-Distributable Reserves | Distributable Retained Earnings RM'000 | Attributable to Owners of the Company RM'000 | Non-Controlling Interests RM'000 | Total Equity RM'000 | ||
|---|---|---|---|---|---|---|---|---|
| Foreign Translation Reserve RM'000 | Distributable | |||||||
| Balance at 1 January 2026 | 176,816 | (4,249) | 1,516 | 356,018 | 530,101 | 3,830 | 533,931 | |
| Profit after tax for the year | -- | -- | -- | 19,324 | 19,324 | 275 | 19,599 | |
| Other comprehensive income | ||||||||
| - Share of other comprehensive income of equity accounted joint ventures | -- | -- | 150 | -- | 150 | -- | 150 | |
| Total comprehensive income | -- | -- | 150 | 19,324 | 19,474 | 275 | 19,779 | |
| Contribution by and distribution to owners of the Company | ||||||||
| - Dividends | -- | -- | -- | (6,151) | (6,151) | -- | (6,151) | |
| Total transactions with owners of the Company | -- | -- | -- | (6,151) | (6,151) | -- | (6,151) | |
| Balance at 31 March 2026 | 176,816 | (4,249) | 1,666 | 369,191 | 543,424 | 4,105 | 547,529 |
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Annual Financial Statements for the year ended 31 December 2025 and the accompanying explanatory notes to the quarterly report.
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED) (cont'd)
| Share Capital RM'000 | Treasury Shares RM'000 | Non-Distributable Reserves Foreign Translation Reserve RM'000 | Distributable Retained Earnings RM'000 | Attributable to Owners of the Company RM'000 | Non-Controlling Interests RM'000 | Total Equity RM'000 | |
|---|---|---|---|---|---|---|---|
| Balance at 1 January 2025 | 176,816 | (4,249) | 273 | 307,019 | 479,859 | 2,852 | 482,711 |
| Profit after tax for the year | -- | -- | -- | 14,093 | 14,093 | 239 | 14,332 |
| Other comprehensive income | |||||||
| - Share of other comprehensive income of equity accounted joint ventures | -- | -- | 39 | -- | 39 | -- | 39 |
| Total comprehensive income | -- | -- | 39 | 14,093 | 14,132 | 239 | 14,371 |
| Contribution by and distribution to owners of the Company | |||||||
| - Dividends | -- | -- | -- | (4,613) | (4,613) | -- | (4,613) |
| Total transactions with owners of the Company | -- | -- | -- | (4,613) | (4,613) | -- | (4,613) |
| Balance at 31 March 2025 | 176,816 | (4,249) | 312 | 316,499 | 489,378 | 3,091 | 492,469 |
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Annual Financial Statements for the year ended 31 December 2025 and the accompanying explanatory notes to the quarterly report.
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
| NOTE | Current Year-To-Date 31 March 2026 RM’000 | Preceding Year-To-Date 31 March 2025 RM’000 | |
|---|---|---|---|
| Net cash (used in) / generated from operating activities | B13 | (8,630) | 1,175 |
| Net cash used in investing activities | B13 | (7,318) | (276) |
| Net cash used in financing activities | B13 | (1,116) | (36,752) |
| Net (decrease) in cash and cash equivalents | (17,064) | (35,853) | |
| Adjustment for foreign exchange differentials | 937 | 234 | |
| Cash and cash equivalents as of beginning of the year | 146,242 | 168,399 | |
| Cash and cash equivalents as of end of the year | 130,115 | 132,780 |
Cash and cash equivalents at the end of the financial reporting year comprise the following:
| Current Year-To-Date 31 March 2026 RM’000 | Preceding Year-To-Date 31 March 2025 RM’000 | |
|---|---|---|
| Cash and bank balances | 130,169 | 132,789 |
| Earmarked bank balance | (54) | (9) |
| 130,115 | 132,780 |
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Annual Financial Statements for the year ended 31 December 2025 and the accompanying explanatory notes to the quarterly report.
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
NOTES TO THE FINANCIAL INFORMATION
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
PART A
EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARDS 134: INTERIM FINANCIAL REPORTING ("MFRS 134")
A1. Basis of Preparation
The unaudited condensed interim financial statements for the first quarter ended 31 March 2026 have been prepared in accordance with MFRS 134 Interim Financial Reporting and with IAS 34 Interim Financial Reporting, and the applicable disclosure provisions on paragraph 9.22 of the Listing Requirements of the Bursa Malaysia Securities Berhad ("Bursa Securities"), and should be read in conjunction with the annual audited financial statements of the Group for the financial year ended 31 December 2025.
These condensed consolidated interim financial statements are prepared under the historical cost convention and modified to include other bases of valuation as disclosed under significant accounting policies, and in compliance with MFRSs, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia.
A2. Changes in Accounting Policies
The accounting policies and methods of computation adopted by the Group for these unaudited condensed interim financial statements are consistent with those in the audited financial statements for the financial year ended 31 December 2025.
a) During the current financial period, the Group has adopted the following new accounting standard(s) and/or interpretation(s) (including the consequential amendments, if any):-
MFRSs and/or IC Interpretations (Including The Consequential Amendments)
Annual Improvements to MFRS Accounting Standards – Volume 11
Amendments to MFRS 9 and MFRS 7: Amendments to the Classification and Measurement of Financial Instruments
Amendments to MFRS 9 and MFRS 7: Contracts Referencing
Nature-dependent Electricity
The adoption of the above accounting standard(s) and/or interpretation(s) (including the consequential amendments, if any) did not have any material impact on the Group’s financial statements.
b) The Group has not applied in advance the following accounting standard(s) and/or interpretation(s) (including the consequential amendments, if any) that have been issued by the Malaysian Accounting Standards Board (MASB) but are not yet effective for the current financial period:-
| MFRSs and/or IC Interpretations (Including The Consequential Amendments) | Effective Date |
|---|---|
| Amendments to MFRS 10 and MFRS 128: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture | Deferred |
| MFRS 18 Presentation and Disclosure in Financial Statements | 1 January 2027 |
| MFRS 19 Subsidiaries without Public Accountability: Disclosures | 1 January 2027 |
| Amendments to MFRS 19: Subsidiaries without Public Accountability: Disclosures | 1 January 2027 |
| Amendments to MFRS 121: Translation to a Hyperinflationary Presentation Currency | 1 January 2027 |
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
NOTES TO THE FINANCIAL INFORMATION
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
A2. Changes in Accounting Policies (continued)
The adoption of the above accounting standard(s) and/or interpretation(s) (including the consequential amendments, if any) is expected to have no material impact on the financial statements of the Group upon their initial application.
A3. Audit Qualification
There was no qualification on the annual audited financial statements of the Group for the year ended 31 December 2025.
A4. Seasonal or Cyclical Factors
The Group’s operations are not significantly affected by any seasonal or cyclical factors.
A5. Unusual Items
There were no unusual items affecting assets, liabilities, equity, net income or cash flows during the financial reporting period under review.
A6. Debt and Equity Securities
There were no issuance, cancellation, repurchases, resale and repayment of debts and equity securities for the current financial reporting period.
A7. Changes in Estimates
There were no changes in estimates of amounts reported in prior interim periods of the current financial reporting period that have a material effect in the current interim period.
A8. Dividend Paid
The single tier fourth interim dividend of 2 sen per ordinary share amounting to approximately RM6,151,255.72 in respect of the financial year ended 31 December 2025 was declared on 2 March 2026 and subsequently paid on 30 March 2026. The payment made to shareholders whose name appeared in the Company’s Record Depositors on 17 March 2026.
A9. Subsequent Material Events
There were no materials events subsequent to the end of the current financial reporting period that have not been reflected in the financial statements for the current interim period.
A10. Contingent Liabilities
There is no other contingent liability that has arisen since the financial period ended.
A11. Changes in the Composition
There are no changes in the composition of the Group for the current financial reporting period under review.
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
NOTES TO THE FINANCIAL INFORMATION
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
A12. Operating Segments
a) Business Segments
The Group has four reportable segments, as described below, which are the Group’s strategic business units. The strategic business units offer different products, and are managed separately because they require different technology and marketing strategies.
The following summary describes the operations in each of the Group’s reportable segments:
1) Investment Holding - Investment holding and provision of management services.
2) Tin Manufacturing - Manufacturing of various tins, cans and other containers.
3) Food and Beverage - Manufacturing and selling of milk and related dairy products.
4) Property Development - Involved in property development activities.
| The Group | Investment Holding RM’000 | Tin Manufacturing RM’000 | Food & Beverage RM’000 | Property Development RM’000 | Group RM’000 |
|---|---|---|---|---|---|
| 31 March 2026 | |||||
| External revenue | -- | 26,413 | 151,615 | 2,702 | 180,730 |
| Inter-segment revenue | 8,014 | 4,949 | 17,858 | -- | 30,821 |
| Dividend and management fees | -- | -- | -- | -- | -- |
| Total revenues | 8,014 | 31,362 | 169,473 | 2,702 | 211,551 |
| Segments (loss)/profit before tax | (388) | 4,096 | 21,405 | 451 | 25,564 |
| Segment assets | 15,044 | 136,456 | 495,305 | 194,694 | 841,499 |
| 31 March 2025 | RM’000 | RM’000 | RM’000 | RM’000 | RM’000 |
| External revenue | -- | 20,745 | 130,728 | 6,028 | 157,501 |
| Inter-segment revenue | -- | 3,664 | 26,734 | -- | 30,398 |
| Dividend and management fees | 8,581 | -- | -- | -- | 8,581 |
| Total revenues | 8,581 | 24,409 | 157,462 | 6,028 | 196,480 |
| Segments (loss)/profit before tax | (235) | 2,521 | 16,035 | (19) | 18,302 |
| Segment assets | 18,056 | 158,425 | 420,026 | 190,506 | 787,013 |
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
NOTES TO THE FINANCIAL INFORMATION
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
A13. Related Party Transactions
The amount owing to directors are unsecured, interest free advances and repayable on demand. Parties are considered to be related if one party has the ability to control the other party or exercise significant influence over the other party in making financial and operation decisions. The related parties and their relationship with the Company are as follows:
| The Group | ||
|---|---|---|
| 31-03-2026 | 31-03-2025 | |
| Directors of the Companies | RM'000 | RM'000 |
| - Rental of factory | 170 | 170 |
| - Rental of hostel | 6 | 6 |
| Related Companies | RM'000 | RM'000 |
| - Sales of goods | 1,572 | 1,633 |
| - Purchases of goods | 9,208 | 9,272 |
A related party of a Director had entered into a tenancy agreement with the Group’s subsidiary, agreed upon renewal in every two (2) years at a renewed monthly factory rental of RM56,760, and shall expire on 31 December 2026.
The directors of the Group and the Company are of the opinion that the above transactions have been entered into in the normal course of business and have been established under terms that are not less favorable than those arranged with independent third parties.
[End of Part A]
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
NOTES TO THE FINANCIAL INFORMATION
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
PART B
EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS OF THE BURSA SECURITIES
B1. Review of Group Performance
a) Current Quarter compared with Preceding Year Corresponding Quarter
The Group recorded a revenue of RM180.73 million and profit before tax of RM25.56 million for the first quarter as compared to the preceding year's corresponding quarter of RM157.50 million and profit before tax of RM18.30 million respectively. The revenue increased by RM23.23 million and the profit before tax increased by RM7.26 million respectively as compared with the corresponding quarter of the preceding year.
For the tin cans manufacturing segment, revenue increased by RM5.66 million from RM20.75 million to RM26.41 million mainly due to higher demand in the current quarter. Profit before tax increased by RM1.58 million from RM2.52 million in the preceding year's corresponding quarter to RM4.10 million mainly due to higher demand in the quarter.
For the F&B segment, revenue increased by RM20.89 million from RM130.73 million to RM151.62 million mainly due to higher demand in the current quarter. The profit before tax increased by RM5.37 million from RM16.04 million to RM21.41 million for the current quarter is mainly due to better contribution from joint venture.
For the property development segment, revenue decreased by RM3.33 million from RM6.03 million to RM2.70 million due to lower progress billing from the existing Kapar Land project during the quarter. However, profit before tax increased by RM0.47 million from RM0.02 million to RM0.45 million, mainly attributable to lower finance costs during the quarter.
b) Current Year-To-Date compared with Preceding Year-To-Date
The Group recorded revenue of RM180.73 million and profit before tax of RM25.56 million for the first quarter as compared to the preceding year's corresponding quarter of RM157.50 million and profit before tax of RM18.30 million respectively. The revenue increased by RM23.23 million and the profit before tax increased by RM7.26 million respectively as compared with the corresponding quarter of the preceding year.
For the tin cans manufacturing segment, revenue increased by RM5.66 million from RM20.75 million to RM26.41 million mainly due to higher demand in the current quarter. Profit before tax increased by RM1.58 million from RM2.52 million in the preceding year's corresponding quarter to RM4.10 million mainly due to higher demand in the quarter.
For the F&B segment, revenue increased by RM20.89 million from RM130.73 million to RM151.62 million mainly due to higher demand in the current quarter. The profit before tax increased by RM5.37 million from RM16.04 million to RM21.41 million for the current quarter is due to better contribution from joint venture.
For the property development segment, revenue decreased by RM3.33 million from RM6.03 million to RM2.70 million due to lower progress billing from the existing Kapar Land project during the quarter. However, profit before tax increased by RM0.47 million from RM0.02 million to RM0.45 million, mainly attributable to lower finance costs during the quarter.
B2. Variation of Results against Preceding Quarter
For the current quarter under review, the Group recorded revenue of RM180.73 million and profit before tax of RM25.56 million as compared to the preceding quarter ended 31 December 2025 of RM192.77 million and RM25.44 million respectively. The Group's revenue decreased by RM12.04 million and the profit before tax increased by RM0.12 million respectively as compared to the preceding quarter ended 31 December 2025.
B2. Variation of Results against Preceding Quarter (continue)
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
NOTES TO THE FINANCIAL INFORMATION
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
a) Tin Cans Manufacturing Segment
The revenue increased by RM3.05 million from RM23.36 million in the preceding quarter to RM26.41 million in the current quarter mainly due to higher demand from customers in the current quarter under review. Profit before tax increased by RM1.35 million from RM2.75 million to RM4.10 million mainly due to the higher demand.
b) F&B Segment
The revenue decreased by RM10.90 million from RM162.52 million in the preceding quarter to RM151.62 million due to lower demand from customers as compared to the preceding quarter. However, profit before tax increased by RM0.47 million from RM20.94 million in the preceding quarter to RM21.41 million mainly due to the contribution from joint venture.
c) Property Development Segment
The revenue decreased by RM4.18 million from RM6.88 million to RM2.70 million, and profit before tax decreased by RM1.58 million from RM2.03 million to RM0.45 million due to lower progress billing from the existing Kapar Land project during the quarter.
B3. Prospects of the Group
a) Tin Cans Manufacturing Industry
Tin cans manufacturing industry will remain challenging due to an increasingly competitive market. Steel price is in a stable trend despite the shifting regional trade policies. The business environment in this segment is still challenging, but the Group expects profitability to remain.
b) F&B Industry
The global demand for dairy remains healthy and resilient. While external factors such as fluctuating commodity prices, geographical tension, foreign exchange volatility may introduce pressures, the Group expects this segment to continue to be profitable.
c) Property Development Segment
The Carey Island land under the property development is in the process of being converted from agriculture to primarily industrial and commercial usage. After the approval from the relevant authorities, Able Development Sdn. Bhd. will begin the launching of its properties for sale. Currently, the land is rented out for the harvesting of palm oil fruits as a passive income pending the approval of the relevant authorities to proceed with the development of the property. For the land at Kapar, the Company has commenced infrastructure work, and the progressive work is expected to contribute revenue to the Company.
B4. Revenue or Profit Estimates
This is not applicable to the Group for the current financial reporting period under review.
B5. Profit Forecast or Profit Guarantee
The profit forecast is not applicable to the Group for the current financial reporting period.
B6. Status of Corporate Proposals and Utilization of Proceeds Raised from Rights Issue
There are no corporate proposals and utilization of proceeds raised from rights issue announced for the current financial reporting period.
B7. Material Litigations
There were no pending material litigations since the date of last audited annual statement of financial position.
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
NOTES TO THE FINANCIAL INFORMATION
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
B8. Tax Expense
| Individual Quarter | Cumulative Quarter | |||
|---|---|---|---|---|
| 31-03-2026 | 31-03-2025 | 31-03-2026 | 31-03-2025 | |
| RM'000 | RM'000 | RM'000 | RM'000 | |
| Income tax expense | 4,950 | 4,151 | 4,950 | 4,151 |
| Deferred tax expense/(income) | 1,015 | (181) | 1,015 | (181) |
| 5,965 | 3,970 | 5,965 | 3,970 |
B9. Notes to the Statement of Profit or Loss and Other Comprehensive Income
Included in the Statement of Profit or Loss and Other Comprehensive Income are as follows:
| Individual Quarter | Cumulative Quarter | |||
|---|---|---|---|---|
| 31-03-2026 | 31-03-2025 | 31-03-2026 | 31-03-2025 | |
| RM'000 | RM'000 | RM'000 | RM'000 | |
| Interest income | (978) | (868) | (978) | (868) |
| Other income | (418) | (518) | (418) | (518) |
| Depreciation and amortisation | 2,931 | 2,800 | 2,931 | 2,800 |
| Impairment loss on trade receivables | 859 | - | 859 | - |
| Realised foreign exchange loss/(gain) | 3,357 | (100) | 3,357 | (100) |
| Unrealised foreign exchange gain | (2,504) | (190) | (2,504) | (190) |
B10. Earnings Per Share
The basic earnings per share is calculated based on the net profit divided by the weighted average number of ordinary shares in issues during the financial reporting period which is as follows:
| Individual Quarter | Cumulative Quarter | |||
|---|---|---|---|---|
| 31-03-2026 | 31-03-2025 | 31-03-2026 | 31-03-2025 | |
| Profit for the period/ year (RM'000) | 19,324 | 14,093 | 19,324 | 14,093 |
| Weighted average number of ordinary shares ('000 shares) | 307,563 | 307,563 | 307,563 | 307,563 |
| Basic Earnings per Share (Sen) | 6.28 | 4.58 | 6.28 | 4.58 |
The diluted earnings per share is not applicable to the Group as there are no dilutive potential ordinary shares during the financial reporting period under review.
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
NOTES TO THE FINANCIAL INFORMATION
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
B11. Investment in Joint Ventures
| The Group | ||
|---|---|---|
| 31-03-2026 RM’000 | 31-12-2025 RM’000 | |
| Unquoted shares, at carrying amount | 36,234 | 27,430 |
| Share of post-acquisition profit/(loss) | 3,844 | 7,561 |
| Share of post-acquisition reserve | 150 | 1,243 |
| 39,955 | 36,234 |
(a) The details of the major joint ventures are as follows:
| Name of Joint Ventures | Principal Place of Business/ Country of Incorporation | Effective Equity Interest (%) | Principal Activities | |
|---|---|---|---|---|
| 31-03-2026 | 31-03-2025 | |||
| Able Dairies Mexico S.A.P.I. DE C.V. ("ADMX") | Mexico | 43.13 | 43.13 | Manufacturing, processing, packaging, distribution, importation and exportation of dairy products |
| Able Packaging S.A.P.I. DE C.V. ("APMX") | Mexico | 54.02 | 54.02 | Manufacturing and sales of containers |
(b) Although the Group holds more than 50% of the voting power in APMX, the Group has determined that it does not have sole control over the investee considering that strategic and financial decisions of the relevant activities of the investee require unanimous consent by other shareholders.
B12. Loan and Borrowings
The Group's bank loan and borrowings as at the end of the financial reporting period are as follows:
| The Group | ||
|---|---|---|
| 31-03-2026 | 31-12-2025 | |
| Secured | RM’000 | RM’000 |
| Current portion: | ||
| Term loans | 24,917 | 24,917 |
| Hire purchase payable | 20 | 72 |
| Short-term banking facilities | 80,808 | 67,574 |
| 105,745 | 92,563 | |
| Non-current portion: | ||
| Hire purchase payable | 330 | 284 |
| Term loans | 88,305 | 95,194 |
| 88,635 | 95,478 | |
| Total Loan and Borrowings | 194,380 | 188,041 |
ABLE
Global Berhad
ABLE GLOBAL BERHAD Reg. No. 200001029963 (532570-V)
(Incorporated in Malaysia)
AND ITS SUBSIDIARY COMPANIES
NOTES TO THE FINANCIAL INFORMATION
FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (UNAUDITED)
B13. Notes to the Condensed Consolidated Statement of Cash Flows
The details of major components in the Statement of Cash Flows comprises as follows:
| The Group | ||
|---|---|---|
| 31-03-2026 RM’000 | 31-03-2025 RM’000 | |
| a) Cash Flows for Operating Activities | ||
| Net changes in inventories | (24,440) | 13,790 |
| Net changes in property development cost | (407) | (2,884) |
| Net changes in trade and other receivables | (851) | 765 |
| Net changes in amount due by joint ventures | 1,625 | (676) |
| Net changes in trade and other payables | (4,248) | (23,337) |
| Income tax paid | (4,900) | (5,281) |
| b) Cash Flows for Investing Activities | ||
| Purchase of property, plant and equipment | (7,313) | (276) |
| c) Cash Flows for Financing Activities | ||
| Dividend paid | (6,151) | (4,613) |
| Drawdown/ (Repayment) of short-term borrowings | 12,218 | (27,340) |
| Repayment of term loan | (6,888) | (4,460) |
| Repayment of lease liabilities | (289) | (287) |
B14. Proposed Dividend
During the current quarter under review, the Board of Directors is pleased to declare a first interim dividend of 2.0 sen per ordinary share in respect of the financial year ending 31 December 2026. The date of payment and book closure of the said interim dividend will be determined at a later date.
B15. Authorization for Issue
The first quarter unaudited financial statements were authorized for issue by the Board of Directors in accordance with the Board of Directors’ meeting held on 22nd May 2026.
[End of Report]