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AIMFLEX BERHAD — Interim / Quarterly Report 2026
May 24, 2026
70223_rns_2026-05-24_4b4f3a0f-b446-41df-ba16-b8c19fb5937d.pdf
Interim / Quarterly Report
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AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FIRST (1ST) QUARTER ENDED 31 MARCH 2026(1)
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | ||||
|---|---|---|---|---|---|
| Current Year Quarter 31.03.2026 RM'000 | Preceding Year Corresponding Quarter 31.03.2025 RM'000 | Current Year-To-Date 31.03.2026 RM'000 | Preceding Year Corresponding Period 31.03.2025 RM'000 | ||
| Revenue | A9 | 19,228 | 11,310 | 19,228 | 11,310 |
| Cost of sales | (11,741) | (9,317) | (11,741) | (9,317) | |
| Gross profit (“GP”) | 7,487 | 1,993 | 7,487 | 1,993 | |
| Other income | 269 | 521 | 269 | 521 | |
| Selling and distribution expenses | (219) | (338) | (219) | (338) | |
| Administrative expenses | (3,669) | (3,716) | (3,669) | (3,716) | |
| Other expenses | (304) | (382) | (304) | (382) | |
| Profit / (Loss) from Operations | 3,564 | (1,922) | 3,564 | (1,922) | |
| Finance costs | (50) | (56) | (50) | (56) | |
| Profit / (Loss) before tax | B12 | 3,514 | (1,978) | 3,514 | (1,978) |
| Taxation | B6 | (630) | (299) | (630) | (299) |
| Profit / (Loss) after tax | 2,884 | (2,277) | 2,884 | (2,277) | |
| Other comprehensive income, net of tax | |||||
| Foreign currency translation differences for foreign operations | (109) | 58 | (109) | 58 | |
| Total comprehensive income for the financial period | 2,775 | (2,219) | 2,775 | (2,219) | |
| Profit for the financial period attributable to: | |||||
| • Owners of the Company | 2,899 | (2,089) | 2,899 | (2,089) | |
| • Non-controlling interests | (15) | (188) | (15) | (188) | |
| 2,884 | (2,277) | 2,884 | (2,277) | ||
| Total comprehensive income for the financial period attributable to: | |||||
| • Owners of the Company | 2,790 | (2,031) | 2,790 | (2,031) | |
| • Non-controlling interests | (15) | (188) | (15) | (188) | |
| 2,775 | (2,219) | 2,775 | (2,219) | ||
| Earnings per share attributable to owners of the Company | |||||
| • Basic (sen) | B11 | 0.20 | (0.14) | 0.20 | (0.14) |
| • Diluted (sen) | B11 | 0.20 | (0.14) | 0.20 | (0.14) |
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FIRST (1ST) QUARTER ENDED 31 MARCH 2026(1) (CONT'D)
Notes:
(1) The basis of preparation of the Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income are disclosed in Note A1 and should be read in conjunction with the Group’s audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial report.
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AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026(1)
| UNAUDITED | AUDITED | |
|---|---|---|
| As at | As at | |
| 31.03.2026 | 31.12.2025 | |
| RM'000 | RM'000 | |
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 22,801 | 22,950 |
| Investment properties | 3,367 | 3,389 |
| Goodwill | 4,354 | 4,354 |
| Deferred tax assets | 185 | 268 |
| Total non-current assets | 30,707 | 30,961 |
| Current Assets | ||
| Inventories | 14,884 | 15,088 |
| Trade receivables | 16,200 | 20,829 |
| Other receivables | 1,661 | 1,744 |
| Current tax assets | 1,489 | 1,277 |
| Cash and cash equivalents | 79,990 | 77,912 |
| Short-term investments | 19,785 | 20,014 |
| Total current assets | 134,009 | 136,864 |
| TOTAL ASSETS | 164,716 | 167,825 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Share capital | 87,385 | 87,385 |
| Retained earnings | 74,212 | 71,102 |
| Treasury shares | (4,281) | (2,521) |
| Reserves | (12,997) | (12,678) |
| Equity attributable to owners of the Company | 144,319 | 143,288 |
| Non-controlling interests | 1,206 | 1,222 |
| Total Equity | 145,525 | 144,510 |
| Liabilities | ||
| Non-current liabilities | ||
| Loan and borrowings | 2,749 | 2,793 |
| Lease liabilities | 446 | 628 |
| Deferred tax liabilities | 1,102 | 1,185 |
| Total non-current liabilities | 4,297 | 4,606 |
| Current liabilities | ||
| Trade payables | 4,798 | 4,957 |
| Other payables | 8,102 | 12,390 |
| Loan and borrowings | 295 | 158 |
| Current tax liabilities | 1,394 | 785 |
| Lease liabilities | 305 | 419 |
| Total current liabilities | 14,894 | 18,709 |
| TOTAL LIABILITIES | 19,191 | 23,315 |
| TOTAL EQUITY AND LIABILITIES | 164,716 | 167,825 |
| NET ASSETS PER SHARE (RM) (2) | 0.10 | 0.10 |
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025⁽¹⁾ (CONT'D)
Notes:
(1) The basis of preparation of the Unaudited Condensed Consolidated Statement of Financial Position are disclosed in Note A1 and should be read in conjunction with the Group’s audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial report.
(2) Based on share capital of 1,472,872,200 shares in issuance as at 31 December 2025 and 31 March 2026.
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AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGE IN EQUITY FOR THE FIRST (1ST) QUARTER ENDED 31 MARCH 2026(1)
| Non-distributable | Distributable | Total attributable to owners of the Company RM'000 | Non-controlling Interests RM'000 | Total Equity RM'000 | ||||
|---|---|---|---|---|---|---|---|---|
| Share Capital RM'000 | Treasury share RM'000 | Translation reserve RM'000 | Merger Reserve RM'000 | Share Options Reserve RM'000 | Retained Earnings RM'000 | |||
| As at 1 January 2025 | 87,385 | (310) | 990 | (16,628) | 3,297 | 67,975 | 142,709 | 1,007 |
| Total comprehensive income: | ||||||||
| - Profit for the period | - | - | - | - | - | 2,624 | 2,624 | 214 |
| - Other comprehensive expense for the period | - | - | (439) | - | - | - | (439) | - |
| - | - | (439) | - | - | 2,624 | 2,185 | 214 | |
| Total transactions with owners: | ||||||||
| - Issuance of ordinary shares | - | - | - | - | - | - | - | - |
| - Share buy-back | - | (2,211) | - | - | - | - | (2,211) | - |
| - Share options granted under ESOS | - | - | - | - | 605 | - | 605 | - |
| - Share options forfeited under ESOS | - | - | - | - | (503) | 503 | - | - |
| - | (2,211) | - | - | 102 | 503 | (1,606) | - | |
| As at 31 December 2025 | 87,385 | (2,521) | 551 | (16,628) | 3,399 | 71,102 | 143,288 | 1,221 |
5
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGE IN EQUITY FOR THE FIRST (1ST) QUARTER ENDED 31 MARCH 2026(1)
| Non-distributable | Distributable | Total attributable to owners of the Company RM'000 | Non-controlling Interests RM'000 | Total Equity RM'000 | ||||
|---|---|---|---|---|---|---|---|---|
| Share Capital RM'000 | Treasury share RM'000 | Translation reserve RM'000 | Merger Reserve RM'000 | Share Options Reserve RM'000 | Retained Earnings RM'000 | |||
| As at 1 January 2026 | 87,385 | (2,521) | 551 | (16,628) | 3,399 | 71,102 | 143,288 | 1,221 |
| Total comprehensive income: | ||||||||
| - Profit for the period | - | - | - | - | - | 2,900 | 2,900 | (15) |
| - Other comprehensive expense for the period | - | - | (109) | - | - | - | (109) | - |
| - | - | (109) | - | - | 2,900 | 2,791 | (15) | |
| Total transactions with owners: | ||||||||
| - Issuance of ordinary shares | - | - | - | - | - | - | - | - |
| - Share buy-back | - | (1,760) | - | - | - | - | (1,760) | - |
| - Share options granted under ESOS | - | - | - | - | - | - | - | - |
| - Share options forfeited under ESOS | - | - | - | - | (210) | 210 | - | - |
| - | (1,760) | - | - | (210) | 210 | (1,760) | - | |
| As at 31 March 2026 | 87,385 | (4,281) | 442 | (16,628) | 3,189 | 74,212 | 144,319 | 1,206 |
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AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGE IN EQUITY FOR THE FIRST (1ST) QUARTER ENDED 31 MARCH 2026(1) (CONT'D)
Notes:
(1) The basis of preparation of the Unaudited Condensed Consolidated Statement of Changes in Equity are disclosed in Note A1 and should be read in conjunction with the Group’s audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial report.
7
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE FIRST (1ST) QUARTER ENDED 31 MARCH 2026(1)
| CUMULATIVE QUARTER | ||
|---|---|---|
| Current Year-To-Date | Preceding Year Corresponding Period | |
| 31.03.2026 | 31.03.2025 | |
| RM'000 | RM'000 | |
| Cash Flows From Operating Activities | ||
| Profit / (Loss) before tax | 3,514 | (1,978) |
| Adjustments for: | ||
| Depreciation | 648 | 639 |
| (Reversal of)/Impairment losses on receivables | (17) | (70) |
| Interest expense | 50 | 56 |
| Property, plant and equipment written off | - | - |
| Provision for warranty | 6 | 25 |
| Dividend income | (121) | (52) |
| Interest income | (448) | (564) |
| Rental income | (45) | (12) |
| Share-based payments for ESOS | - | 178 |
| Unrealised loss on foreign exchange | 29 | 250 |
| Operating profit before working capital changes | 3,616 | (1,528) |
| Change in working capital | ||
| Inventories | 206 | (1,432) |
| Trade and other receivables | 4,729 | 6,342 |
| Trade and other payables | (4,494) | (3,744) |
| 441 | 1,166 | |
| Cash from operations | 4,057 | (362) |
| Interest paid | (50) | (56) |
| Interest received | 448 | 564 |
| Tax paid (net) | (234) | (281) |
| Net cash from operating activities | 4,221 | (135) |
| Cash Flows From Investing Activities | ||
| Decrease in fixed deposits with maturity period more than 3 months | - | 33,068 |
| Decrease in short-term investments | 228 | 228 |
| Purchase of property, plant and equipment | (478) | (125) |
| Dividend received | 121 | 52 |
| Rental received | 45 | 12 |
| Net cash from / (used in) investing activities | (84) | 33,007 |
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FIRST (1ST) QUARTER ENDED 31 MARCH 2026(1) (CONT'D)
| CUMULATIVE QUARTER | ||
|---|---|---|
| Current Year-To-Date | Preceding Year Corresponding Period | |
| 31.03.2026 | 31.03.2025 | |
| RM'000 | RM'000 | |
| Cash Flows From Financing Activities | ||
| Share buyback | (1,760) | (1,034) |
| Repayment of term loan | (38) | (47) |
| Repayment of lease liabilities | (164) | (161) |
| Net cash (used in) financing activities | (1,962) | (1,242) |
| Net increase in cash and cash equivalents | 2,175 | 31,630 |
| Cash and cash equivalents at the beginning of the financial period | 77,209 | 62,336 |
| Effect of exchange translation differences on cash and cash equivalents | (98) | 27 |
| Cash and cash equivalents at the end of the financial period | 79,286 | 93,993 |
| Cash and cash equivalents at the end of the financial period comprises: | ||
| Cash and bank balances | 79,286 | 93,646 |
| Fixed deposits with licensed banks | 704 | 347 |
| 79,990 | 93,993 | |
| Less: Fixed deposits pledged with licensed banks | (575) | - |
| Less: Fixed deposits with maturity period more than 3 months | (129) | - |
| 79,286 | 93,993 |
Notes:
(1) The basis of preparation of the Unaudited Condensed Consolidated Statement of Cash Flows are disclosed in Note A1 and should be read in conjunction with the Group's audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial report.
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AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
A. NOTES TO THE INTERIM FINANCIAL REPORT
A1. Basis of preparation
The interim financial report of AIMFLEX BERHAD (“AIMFLEX” or “the Company”) and its subsidiaries (“the Group”) are unaudited and have been prepared in accordance with the requirements of Malaysian Financial Reporting Standards (“MFRS”) No. 134: Interim Financial Reporting and Rule 9.22 of Listing Requirements of Bursa Securities.
This interim financial report should be read in conjunction with the Group’s audited financial statements for the financial year ended 31 December 2025 and the accompanying notes attached to this interim financial report.
A2. Summary of Significant Accounting Policies
The accounting policies adopted by the Group and by the Company are consistent with those of the previous financial years except for the adoption of the following amendments to MFRSs that are mandatory for the current financial year:
Effective for annual periods beginning on or after 1 January 2026
Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures - Classification and Measurement of Financial Instruments
Annual Improvements to MFRS Accounting Standards - Volume 11
Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures – Contracts Referencing Nature-dependent Electricity
Effective for annual periods beginning on or after 1 January 2027
MFRS 18 Presentation and Disclosure in Financial Statements
MFRS 19 Subsidiaries without Public Accountability: Disclosures
Effective date yet to be confirmed
Amendments to MFRS 10 Consolidated Financial Statements and MFRS 128 Investments in Associates and Joint Ventures: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
The initial application of the above standards and amendments to MFRSs is not expected to have any material impacts to the financial statements of the Group and of the Company upon adoption.
A3. Auditors’ report on preceding annual financial statements
The audited financial statements of the Company for the financial year ended 31 December 2025 was not subject to any qualification.
A4. Seasonal or cyclical factors
The business operations of the Group were not materially affected by seasonal and cyclical effects.
10
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
A. NOTES TO THE INTERIM FINANCIAL REPORT (CONT'D)
A5. Unusual items affecting assets, liabilities, equity, net income or cash flows
There were no unusual items affecting assets, liabilities, equity, net income or cash flows of the Group during the current financial quarter and financial period-to-date.
A6. Material changes in estimates
There were no material changes in the estimates that have a material effect to the Group in the current financial quarter under review.
A7. Debt and equity securities
During the quarter under review, the Company repurchased 22,777,400 of its issued ordinary shares from the open market at an average price of RM0.079. The total consideration paid for the repurchase was RM1,759,617. Of the total of 1,478,872,800 issued ordinary shares, 46,143,500 shares are held as treasury shares by the Company.
Save for the above, there was no issuance or repayment of debts and equity securities and share cancellations during the current financial quarter under review.
A8. Dividends paid
There was no dividend paid during the current financial quarter under review.
A9. Segmental information
The Group’s segmental information for the current financial period ended 31 March 2026 is as follows:
(a) Analysis of revenue by business segments
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| Current Year Quarter 31.03.2026 RM’000 | Preceding Year Corresponding Quarter 31.03.2025 RM’000 | Current Year-To-Date 31.03.2026 RM’000 | Preceding Year Corresponding Period 31.03.2025 RM’000 | |
| Manufacturing | 17,030 | 9,030 | 17,030 | 9,030 |
| Distribution | 2,198 | 2,280 | 2,198 | 2,280 |
| Total | 19,228 | 11,310 | 19,228 | 11,310 |
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
A. NOTES TO THE INTERIM FINANCIAL REPORT (CONT'D)
(b) Analysis of revenue by geographical location
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| Current Year Quarter 31.03.2026 RM'000 | Preceding Year Corresponding Quarter 31.03.2025 RM'000 | Current Year Quarter 31.03.2026 RM'000 | Preceding Year Corresponding Quarter 31.03.2025 RM'000 | |
| Manufacturing | ||||
| Malaysia | 8,902 | 3,968 | 8,902 | 3,968 |
| Philippines | 1,488 | 629 | 1,488 | 629 |
| Singapore | 4,310 | 4,344 | 4,310 | 4,344 |
| United States | 1,869 | - | 1,869 | - |
| Others | 461 | 89 | 461 | 89 |
| Sub-total | 17,030 | 9,030 | 17,030 | 9,030 |
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
| Current Year Quarter 31.03.2026 RM'000 | Preceding Year Corresponding Quarter 31.03.2025 RM'000 | Current Year Quarter 31.03.2026 RM'000 | Preceding Year Corresponding Quarter 31.03.2025 RM'000 | |
| Distribution | ||||
| Malaysia | 1,021 | 1,504 | 1,021 | 1,504 |
| Singapore | 1,134 | 769 | 1,134 | 769 |
| China | - | 7 | - | 7 |
| Philippines | 25 | - | 25 | - |
| Indonesia | 18 | - | 18 | - |
| Sub-total | 2,198 | 2,280 | 2,198 | 2,280 |
| Total | 19,228 | 11,310 | 19,228 | 11,310 |
A10. Valuation of property, plant and equipment
There was no valuation of the property, plant and equipment in the current financial quarter under review.
A11. Material events subsequent to the end of the current financial quarter
There were no other material events subsequent to the end of the current financial quarter that have not been reflected in this interim financial report.
A12. Changes in the composition of the Group
There were no material changes in the composition of the Group for the current financial quarter under review.
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
A. NOTES TO THE INTERIM FINANCIAL REPORT (CONT'D)
A13. Contingent assets and contingent liabilities
There were no contingent assets and contingent liabilities as at the date of this interim report.
A14. Related party transactions
There were no material related party transactions during the current financial quarter under review.
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AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
A. EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
B1. Review of Performance
(a) Results for current quarter and current financial year-to-date
| INDIVIDUAL QUARTER/CUMULATIVE QUARTER | VARIANCE | |||
|---|---|---|---|---|
| 3 months ended 31.03.2026 RM’000 | 3 months ended 31.03.2025 RM’000 | RM’000 | % | |
| Revenue | 19,228 | 11,310 | 7,918 | 70.0% |
| Profit / (Loss) before Tax | 3,514 | (1,978) | 5,492 | 277.7% |
The Group recorded revenue of RM19.23 million for the current financial quarter ended 31 March 2026 ("Q1 2026"), an increase of 70% as compared to the same quarter for financial quarter ended 31 March 2025 ("Q1 2025"). The increase in revenue is mainly due to higher revenue recorded from the manufacturing segment by 89% partially offset by lower revenue recorded from distribution segment by 4%.
In Q1 2025, the Group's revenue was principally derived from the manufacturing segment, contributing approximately 89% of the Group's total revenue (Q1 2025: 80%). On the geographical standpoint Malaysia is the largest contributor contributing about 52%, last year Q1 2025, Singapore was the largest contributor to the Group's revenue of 45%.
The Group registered a Profit before tax of RM3.51 million in Q1 2026 as compared to Loss before tax of RM1.98 million in Q1 2025, which represents an increase of RM5.49 million which is approximately 278%. Profit before tax recorded in Q1 2026 was mainly attributable to higher gross profit by RM5.49 million as the manufacturing segment recorded higher revenue of 89%.
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
B. EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (CONT'D)
B1. Review of Performance (Cont'd)
(b) Results for financial year-to-date
Please refer to B1(a) above.
B2. Comparison with immediate preceding quarter's results
| INDIVIDUAL QUARTER | VARIANCE | |||
|---|---|---|---|---|
| 3 months ended 31.03.2026 RM’000 | 3 months ended 31.12.2025 RM’000 | RM’000 | % | |
| Revenue | 19,228 | 19,179 | 49 | 0.3% |
| Profit Before Tax | 3,514 | 1,486 | 2,028 | 136.5% |
The Group recorded a revenue of RM19.23 million in Q1 2026 as compared to RM19.18 million in the preceding financial quarter ended 31 December 2025 ("Q4 2025"), a minimal increase by 0.3% during current financial quarter.
The Group registered a Profit Before Tax of RM3.51 million in Q1 2026 as compared to Profit Before Tax of RM1.49 million in Q4 2025, which represents an increase of RM2.03 million or 136.5%. The increase in profit before tax was due to the higher gross margin generated in the current Q1 2026, which the gross profit margin % for this Q1 2026 is 39%, whereas the gross margin % in Q4 2025 was 35%.
Other than this, the foreign exchange loss for current Q1 2026 is lowered by approximately RM0.8 million as compared to Q4 2025. Lower administrative expenses in Q1 2026 compared to preceding Q4 2025 is mainly due to bonus declared in Q4 2025 in respect of Aimflex Singapore Pte Ltd and distribution segment.
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
B. EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (CONT'D)
B3. Prospects and outlook
Global economic growth in early 2026 remained resilient, supported by easing inflationary pressures, continued artificial intelligence (“AI”)-driven technology investments and steady consumer demand across major economies. Recent developments in global geopolitical relations, including improving trade and diplomatic engagements between the United States and China, have contributed to more stable market sentiment and renewed confidence within the global technology supply chain. While geopolitical uncertainties and financial market volatility continue to pose downside risks, overall business sentiment has shown gradual improvement compared to the preceding year. Ongoing investments in digitalisation, automation and advanced manufacturing are expected to continue supporting demand within the technology and industrial sectors.
For the financial quarter ended 31 March 2026 (“Q1 FY2026”), the Group recorded improved operational momentum compared to the previous financial year, supported by gradual recovery in customer demand and contribution from newly secured projects. The Group’s diversification efforts beyond the consumer electronics segment have continued to progress positively, with increasing participation from both existing and new customers across various business segments.
The Group’s order book remains healthy, supported by project completion and replenishment orders with delivery schedules extending into subsequent financial periods, providing improved revenue visibility for the Group. In addition, the Group continues to focus on operational efficiency, prudent cost management and strengthening execution capabilities to support sustainable growth.
Moving forward, barring any unforeseen circumstances, Management remains cautiously optimistic on the Group’s prospects, supported by improving order flows, ongoing customer engagements and continued expansion opportunities within its core business segments.
B4. Profit Forecast or Profit Guarantee
The Group did not issue any profit forecast or profit guarantee during the current financial quarter under review.
B5. Status of corporate proposals
There is no corporate proposal announced but not completed as at the date of this interim report.
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
B. EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (CONT'D)
B6. Income tax expenses
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| Current Year Quarter 31.03.2026 RM’000 | Preceding Year Corresponding Quarter 31.03.2025 RM’000 | Current Year-To-Date 31.03.2026 RM’000 | Preceding Year Corresponding Period 31.03.2025 RM’000 | |
| Income tax expense: | ||||
| - Current year | 401 | 296 | 401 | 296 |
| - Prior year | 229 | - | 229 | - |
| Foreign withholding tax | - | 3 | - | 3 |
| 630 | 299 | 630 | 299 | |
| Deferred tax expense | ||||
| - origination and reversal of temporary differences | - | - | - | - |
| - prior year | - | - | - | - |
| - | - | - | - | |
| Total tax expense | 630 | 299 | 630 | 299 |
| Effective tax rate (%) | 18% | N/A | 18% | N/A |
Notes:
(1) Income tax expense is recognised based on management’s estimate.
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
B. EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (CONT'D)
B7. Utilisation of proceeds from the IPO
(a) Based on the IPO Price, the gross proceeds arising from the Public issue amounting to RM39.09 million is intended to be utilised in the following manner:-
| Details of utilisation | Proposed Utilisation
RM'000 | Actual Utilisation
RM'000 | Unutilised Amount
RM'000 | Estimated timeframe for utilisation upon listing |
| --- | --- | --- | --- | --- |
| Process and product development | 4,200 | 4,200 | - | Within 48 months |
| Repayment of borrowings | 13,482 | 13,482 | - | Within 12 months |
| Construction of new D&D centre | 6,800 | - | 6,800 | Within 84 months (1) |
| Capital expenditures | 5,200 | 3,980 | 1,220 | Within 84 months (1) |
| Working capital requirements | 5,905 | 5,905 | - | Within 36 months |
| Estimated listing expenses | 3,500 | 3,500 | - | Within 1 month |
| | 39,087 | 31,067 | 8,020 | |
The utilisation of proceeds as disclosed above should be read in conjunction with the Prospectus of the Company dated 21 June 2019.
(1) The Board of Directors has approved the extension of timeframe for the utilisation of the remaining unutilised IPO Proceeds earmarked for “Construction of new D&D centre” and “Capital expenditures” for up to 84 months from the date of listing (17 July 2019).
18
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
B. EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (CONT'D)
(b) Based on the Subscription Price, the gross proceeds arising from the Subscription issue amounting to RM31.02 million is intended to be utilised in the following manner:-
| Details of utilisation | Proposed Utilisation
RM'000 | Actual Utilisation
RM'000 | Unutilised Amount
RM'000 | Estimated timeframe for utilisation upon listing |
| --- | --- | --- | --- | --- |
| Business / Investment opportunities | 6,000 | 3,868 | 2,132 | Within 60 months^{(1)} |
| Working capital requirements | 24,924 | 24,924 | - | Within 60 months^{(1)} |
| Listing expenses | 95 | 95 | - | Upon completion |
| | 31,019 | 28,887 | 2,132 | |
(1) The Board of Directors has approved the extension of timeframe for the utilisation of the remaining unutilised proceeds raised from Subscriptions Placements earmarked for “Business / Investment opportunities” and “Working capital requirement” for up to 60 months from the date of listing (3 June 2022).
The utilisation of proceeds as disclosed above should be read in conjunction with the Circular of the Company dated 14 April 2022.
B8. Group borrowings and debt securities
The Group’s borrowings are as follows:
| | 31.03.2026
RM'000 | 31.03.2025
RM'000 |
| --- | --- | --- |
| Non-current liabilities | | |
| Term loans | 2,749 | 2,922 |
| Hire purchase | - | - |
| | 2,749 | 2,922 |
| Current liabilities | | |
| Term loans | 164 | 134 |
| Hire purchase | 131 | - |
| | 295 | 134 |
| Total borrowings | 3,044 | 3,056 |
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
B. EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (CONT'D)
B9. Material litigation
There were no material litigation involving the Group as at the end of the reporting period.
B10. Dividend proposed
No dividend has been proposed for the current financial quarter under review.
B11. Earnings per share
The basic and diluted earnings per share ("EPS") are calculated by dividing the profit for the period attributable to owners of the Company by weighted average number of ordinary shares of the Company during the financial period as follows:
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| Current Year Quarter 31.03.2026 | Preceding Year Corresponding Quarter 31.03.2025 | Current Year-To-Date 31.03.2026 | Preceding Year Corresponding Period 31.03.2025 | |
| Profit attributable to ordinary owners of the Company (RM'000) | 2,899 | (2,089) | 2,899 | (2,089) |
| Weighted average number of ordinary shares ('000) | 1,439,599 | 1,472,872 | 1,439,599 | 1,472,872 |
| Basic EPS (sen) | 0.20 | (0.14) | 0.20 | (0.14) |
| Diluted EPS (sen)(1) | 0.20 | (0.14) | 0.20 | (0.14) |
Notes:
(1) The basic and diluted EPS are the same as the exercise of the Group's exercisable ESOS will not have material impact to the diluted EPS for the reporting period.
THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK
AIMFLEX
AIMFLEX BERHAD (201801011135 / 1273151-K)
(Incorporated in Malaysia)
B. EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (CONT'D)
B12. Disclosure on selected expense/income items as required by the Listing Requirements
Profit before tax is arrived after charging/(crediting):
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| Current Year Quarter 31.03.2026 RM'000 | Preceding Year Corresponding Quarter 31.03.2025 RM'000 | Current Year-To-Date 31.03.2026 RM'000 | Preceding Year Corresponding Period 31.03.2025 RM'000 | |
| Depreciation of property, plant and equipment | 536 | 541 | 536 | 541 |
| Depreciation of right-of-use asset | 99 | 85 | 99 | 85 |
| Depreciation of investment properties | 13 | 13 | 13 | 13 |
| Interest expense | 50 | 56 | 50 | 56 |
| Rental expense | 73 | 110 | 73 | 110 |
| Share-based payment | - | 178 | - | 178 |
| Dividend income | (121) | (52) | (121) | (52) |
| Loss/(Gain) on foreign exchange | ||||
| - Realised | 274 | 129 | 274 | 129 |
| - Unrealised | 29 | 250 | 29 | 250 |
| Interest income | (448) | (564) | (448) | (564) |
| Grant income | (4) | - | (4) | - |
| Rental income | (45) | (12) | (45) | (12) |
| (Reversal of)/Impairment losses on receivables | (17) | (70) | (17) | (70) |
Other disclosure items pursuant to Appendix 9B, Note 16 of the Listing Requirements of Bursa Securities are not applicable.