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AMS ADVANCED MATERIAL BERHAD Interim / Quarterly Report 2026
70254_rns_2026-05-24_c5fcfe2a-4748-4d2a-986b-677babd536ba.pdf
Interim / Quarterly Report
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AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
UNAUDITED INTERIM FINANCIAL REPORT FOR THE SECOND QUARTER ENDED 31 MARCH 2026
M & A Securities Sdn Bhd ("M & A Securities"), being the Sponsor, is responsible for the admission of AMS Advanced Material Berhad to the ACE Market of Bursa Malaysia Securities Berhad on 23 April 2026. M & A Securities assumes no responsibility for the contents of the unaudited interim financial report for the second quarter ended 31 March 2026.
1
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
INTERIM FINANCIAL REPORT FOR THE SECOND QUARTER ENDED 31 MARCH 2026
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME(1)(2)
| Note | Individual quarter | Cumulative quarter | |||
|---|---|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) RM'000 | Comparative quarter ended 31.03.2025 (Unaudited) RM'000 | Current period-to-date ended 31.03.2026 (Unaudited) RM'000 | Comparative period-to-date ended 31.03.2025 (Unaudited) RM'000 | ||
| Revenue | A10 | 33,571 | N/A | 68,465 | N/A |
| Cost of sales | (27,709) | N/A | (57,114) | N/A | |
| Gross profit | 5,862 | N/A | 11,351 | N/A | |
| Other operating income | 111 | N/A | 582 | N/A | |
| Administrative expenses | (2,772) | N/A | (4,747) | N/A | |
| Profit from operations | 3,201 | N/A | 7,186 | N/A | |
| Finance costs | (416) | N/A | (817) | N/A | |
| Profit before tax | B12 | 2,785 | N/A | 6,369 | N/A |
| Income tax expense | B5 | (469) | N/A | (1,233) | N/A |
| Profit after tax | 2,316 | N/A | 5,136 | N/A | |
| Other comprehensive (loss)/income, net of tax | |||||
| Items that may be reclassified subsequently to profit or loss: | |||||
| Foreign currency translation differences for foreign operations | (73) | N/A | (659) | N/A | |
| Total comprehensive income for the financial quarter | 2,243 | N/A | 4,477 | N/A |
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
INTERIM FINANCIAL REPORT FOR THE SECOND QUARTER ENDED 31 MARCH 2026
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME(1)(2) (Cont'd)
| Individual quarter | Cumulative quarter | |||
|---|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) | Comparative quarter ended 31.03.2025 (Unaudited) | Current period-to-date ended 31.03.2026 (Unaudited) | Comparative period-to-date ended 31.03.2025 (Unaudited) | |
| Note | RM'000 | RM'000 | RM'000 | RM'000 |
| Profit after tax for the financial period attributable to: | ||||
| Owners of the Group | 2,185 | N/A | 4,842 | N/A |
| Non-controlling interests | 131 | N/A | 294 | N/A |
| 2,316 | N/A | 5,136 | N/A | |
| Total comprehensive income for the financial period attributable to: | ||||
| Owners of the Group | 2,112 | N/A | 4,183 | N/A |
| Non-controlling interests | 131 | N/A | 294 | N/A |
| 2,243 | N/A | 4,477 | N/A | |
| Earnings per ordinary share attributable to owner of the Group | ||||
| Basic and diluted (sen)(3)(4) | B11 | 0.36 | N/A | 0.79 |
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
INTERIM FINANCIAL REPORT FOR THE SECOND QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME(1)(2) (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 Accountants’ Report as disclosed in the Prospectus of the AMS Advanced Material Berhad (“AMS” or the “Company”) dated 27 March 2026 (“Prospectus”) issued in relation to the initial public offering (“IPO”) and the accompanying explanatory notes attached to this interim financial report.
(2) This is the second interim financial report being announced by the Company in compliance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”). As such, there are no comparative figures for the preceding year’s corresponding quarter and period-to-date as no interim financial report was prepared for the financial period concerned.
(3) The basic and diluted earnings per share of the Company are the same as the Company does not have any outstanding convertible securities as at the end of the current financial quarter.
(4) Basic and diluted earnings per share is computed based on the profit after tax attributable to owners of the Group divided by enlarged share capital of 612,008,041 Shares upon listing of the Company on the ACE Market of Bursa Securities (“Listing”) as disclosed in Note B11. There are no potential dilutive securities in issue.
N/A Not applicable
4
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
INTERIM FINANCIAL REPORT FOR THE SECOND QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION(1)
| | Note | As at
31.03.2026
(Unaudited) | As at
30.09.2025
(Audited) |
| --- | --- | --- | --- |
| | | RM'000 | RM'000 |
| ASSETS | | | |
| Non-Current Assets | | | |
| Property, plant and equipment | | 1,933 | 2,188 |
| Right-of-use assets | | 1,966 | 2,250 |
| Total Non-Current Assets | | 3,899 | 4,438 |
| Current Assets | | | |
| Inventories | | 34,015 | 33,663 |
| Trade receivables | | 34,362 | 28,735 |
| Other receivables, deposits and prepayments | | 3,921 | 3,412 |
| Tax recoverable | | 594 | 193 |
| Fixed deposits with licensed financial institutions | | 3,920 | 2,588 |
| Cash and bank balances | | 11,173 | 16,307 |
| Total Current Assets | | 87,985 | 84,898 |
| Total Assets | | 91,884 | 89,336 |
| EQUITY | | | |
| Capital and Reserves | | | |
| Share capital | | 26,039 | 26,039 |
| Retained earnings | | 29,907 | 25,065 |
| Translation reserve | | (856) | (197) |
| Merger deficit | | (12,124) | (12,124) |
| Equity Attributable to Owners of the Group | | 42,966 | 38,783 |
| Non-controlling interests | | 818 | 524 |
| Total equity | | 43,784 | 39,307 |
| LIABILITIES | | | |
| Non-Current Liabilities | | | |
| Deferred tax liabilities | | 59 | 5 |
| Loans and borrowings | B8 | 279 | 450 |
| Lease liabilities | | 1,014 | 1,875 |
| Total Non-Current Liabilities | | 1,352 | 2,330 |
(Forward)
5
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
INTERIM FINANCIAL REPORT FOR THE SECOND QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION(1) (Cont'd)
| | Note | As at
31.03.2026
(Unaudited) | As at
30.09.2025
(Audited) |
| --- | --- | --- | --- |
| | | RM'000 | RM'000 |
| Current Liabilities | | | |
| Trade payables | | 17,108 | 21,504 |
| Other payables and accruals | | 1,204 | 803 |
| Amount due to related parties | | - | 3 |
| Contract liabilities | | 33 | 79 |
| Loans and borrowings | B8 | 25,469 | 22,991 |
| Lease liabilities | | 1,314 | 1,184 |
| Provision for taxation | | 1,620 | 1,135 |
| Total Current Liabilities | | 46,748 | 47,699 |
| Total Liabilities | | 48,100 | 50,029 |
| Total Equity and Liabilities | | 91,884 | 89,336 |
| Net assets per share attributable to owners of the Company (RM)(2) | | 0.07 | 0.06 |
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 Accountants' Report as disclosed in the Prospectus issued in relation to the IPO and the accompanying explanatory notes attached to this interim financial report.
(2) Net assets per share is computed based on equity attributable to owners of the Group divided by the Company’s enlarged share capital of 612,008,041 Shares upon Listing.
6
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
INTERIM FINANCIAL REPORT FOR THE SECOND QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY(1)(2)
| Attributable to owners of the Group | ||||||||
|---|---|---|---|---|---|---|---|---|
| Non-distributable | Distributable | Non-controlling interests | Total equity | |||||
| Share capital | Merger deficit | Translation reserve | Retained earnings | Total | ||||
| 6 months ended 31 March 2026 (Unaudited) | Note | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
| At 1 October 2025 | 26,039 | (12,124) | (197) | 25,065 | 38,783 | 524 | 39,307 | |
| Other comprehensive income | - | - | (659) | - | (659) | - | (659) | |
| Profit for the financial period | - | - | - | 4,842 | 4,842 | 294 | 5,136 | |
| Total comprehensive income for the financial period | - | - | (659) | 4,842 | 4,183 | 294 | 4,477 | |
| At 31 March 2026 | 26,039 | (12,124) | (856) | 29,907 | 42,966 | 818 | 43,784 |
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 Accountants' Report as disclosed in the Prospectus issued in relation to the IPO and the accompanying explanatory notes attached to this interim financial report.
(2) This is the second interim financial report being announced by the Company in compliance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"). As such, there are no comparative figures for the preceding year's corresponding period-to-date as no interim financial report was prepared for the financial period concerned.
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
INTERIM FINANCIAL REPORT FOR THE SECOND QUARTER ENDED 31 MARCH 2026
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS(1)(2)
| Note | Current
period-to-date
ended
31.03.2026
(Unaudited) | Comparative
period-to-date
ended
31.03.2025
(Unaudited) |
| --- | --- | --- |
| | RM'000 | RM'000 |
| CASH FLOWS (USED IN)/FROM OPERATING ACTIVITIES | | |
| Profit before tax | 6,369 | N/A |
| Adjustments for: | | |
| Depreciation of property, plant and equipment | 297 | N/A |
| Depreciation of right-of-use assets | 526 | N/A |
| Loss on written of property, plant and equipment | - | N/A |
| Unrealised loss/(gain) on foreign exchange | 45 | N/A |
| Interest expense | 817 | N/A |
| Interest income | (22) | N/A |
| Gain on lease modification/termination | (20) | N/A |
| Waiver of debt by holding company | - | N/A |
| Operating profit before working capital changes | 8,012 | N/A |
| Changes in working capital: | | |
| Inventories | (351) | N/A |
| Trade receivables | (5,500) | N/A |
| Other receivables, deposits and prepayments | (510) | N/A |
| Trade payables | (4,680) | N/A |
| Other payables and accruals | 402 | N/A |
| Contract liabilities | (46) | N/A |
| Cash used in operations | (2,673) | N/A |
| Interest received | 8 | N/A |
| Tax paid | (1,095) | N/A |
| Net cash used in operating activities | (3,760) | N/A |
| CASH FLOWS USED IN INVESTING ACTIVITIES | | |
| Acquisition of property, plant and equipment | (41) | N/A |
| Pledged of fixed deposits | (1,319) | N/A |
| Net changes in amount due (to)/from related parties | (3) | N/A |
| Net cash used in investing activities | (1,363) | N/A |
(Forward)
8
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
INTERIM FINANCIAL REPORT FOR THE SECOND QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS$^{(1)(2)}$ (Cont'd)
| Note | Current
period-to-date
ended
31.03.2026
(Unaudited) | Comparative
period-to-date
ended
31.03.2025
(Unaudited) |
| --- | --- | --- |
| | RM'000 | RM'000 |
| CASH FLOWS FROM FINANCING ACTIVITIES | | |
| Amount due to holding company | - | N/A |
| Interest paid | (30) | N/A |
| Proceeds from issuance of shares | - | N/A |
| Issuance of share capital to non-controlling interest | - | N/A |
| Drawdown of bank borrowings | 56,320 | N/A |
| Repayment of borrowings | (54,378) | N/A |
| Amount due to directors | - | N/A |
| Repayment of term loan | (181) | N/A |
| Repayment of lease liabilities | (1,034) | N/A |
| Net cash from financing activities | 697 | N/A |
| NET CHANGES IN CASH AND CASH EQUIVALENTS | (4,426) | N/A |
| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE FINANCIAL PERIOD | 16,307 | N/A |
| Effect of exchange rate | (708) | N/A |
| CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL PERIOD | 11,173 | N/A |
| Cash and cash equivalents represented by: | | |
| Cash and bank balances | 11,173 | N/A |
| Fixed deposit with licensed financial institution | 3,920 | N/A |
| | 15,093 | N/A |
| Pledged of fixed deposits | (3,920) | N/A |
| Cash and cash equivalents at the end of the financial period | 11,173 | N/A |
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 Accountants' Report as disclosed in the Prospectus issued in relation to the IPO and the accompanying explanatory notes attached to this interim financial report.
(2) This is the second interim financial report being announced by the Company in compliance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"). As such, there are no comparative figures for the preceding year's corresponding period-to-date as no interim financial report was prepared for the financial period concerned.
N/A Not applicable
9
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART A - EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD ("MFRS") 134: INTERIM FINANCIAL REPORTING
A1. Basis of preparation
This interim financial report of AMS and its subsidiaries (the “Group”) are unaudited and have been prepared in accordance with the requirements of MFRS 134: Interim Financial Reporting issued by the Malaysian Accounting Standards Boards (“MASB”) and Rule 9.22 and Appendix 9B of the Listing Requirements.
This interim financial report should be read in conjunction with the Accountants’ Report as disclosed in the Prospectus issued in relation to the IPO and the accompanying explanatory notes attached to this interim financial report.
A2. Significant accounting policies
The significant accounting policies and presentations adopted by the Group in this interim financial report are consistent with those adopted in the Accountants’ Report as disclosed in the Prospectus, except for the following new MFRSs and amendments to MFRSs that have been issued by the MASB but are not yet effective for the Group.
| Amendments to MFRS 121 | Lack of Exchangeability^{(1)} |
|---|---|
| Amendments to MFRS 9 and MFRS 7 | Amendments to the Classification and Measurement of Financial Instruments^{(2)} |
| Amendments to MFRS 9 and MFRS 7 | Contracts Referencing Nature-dependent Electricity^{(2)} |
| Amendments to MFRSs | Annual Improvements to MFRS Accounting Standards - Volume 11^{(2)} |
| MFRS 18 | Presentation and Disclosure in Financial Statements^{(3)} |
| MFRS 19 | Subsidiaries without Public Accountability: Disclosure^{(3)} |
| Amendments to MFRS 19 | Amendments to Subsidiaries without Public Accountability: Disclosures^{(3)} |
| Amendments to MFRS 10 and MFRS 128 | Sale or Contribution of Assets between an Investor and its Associate or Joint Venture^{(4)} |
Notes:
(1) Effective for annual periods beginning on or after 1 January 2026.
(2) Effective for annual periods beginning on or after 1 January 2027.
(3) Effective for annual periods beginning on or after 1 January 2028.
(4) Deferred to a date to be determined and announced by MASB.
The directors anticipate that the abovementioned new and amendments to MFRSs will be adopted in the annual financial statements of the Group and of the Company when they become effective, if applicable, and that the adoption of the new and amendments to MFRSs will have no material impact on the financial statements of the Group and of the Company in the period of initial application.
10
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART A - EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD (“MFRS”) 134: INTERIM FINANCIAL REPORTING (Cont’d)
A3. Auditors’ report of preceding annual financial statements
The audited financial statements of the Group for the financial year ended 30 September 2025 was not subject to any qualification.
A4. Seasonal or cyclical factors
The business operations of the Group were not affected by any notable seasonal or cyclical trend during the current financial quarter.
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.
A6. Material changes in estimates
There were no material changes in estimates for the current financial quarter.
A7. Debt and equity securities
There was no issuance, cancellation, repurchase, resale and repayment of debts and equity securities during the current financial quarter.
A8. Dividend paid
No dividends have been paid in the current financial quarter.
A9. Material events subsequent to the end of the current quarter
Save as disclosed below, there were no issuances, cancellations, repurchases, resale and repayment of debts and equity securities during the current financial quarter under review.
In conjunction with the Listing, the Company had on 27 March 2026 issued the Prospectus in relation to the IPO which entailed the following:
(a) public issue of 113,000,000 new ordinary shares in the Company (“Shares”) in the following manner:
- 30,602,000 new Shares available for application by the Malaysian public;
- 2,155,000 new Shares available for application by its eligible Directors and employees;
- 76,502,000 new Shares by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”);
- 3,741,000 new Shares by way of private placement to selected investors; and
(b) offer for sale of 47,000,000 existing Shares in the Company by way of private placement to selected investors.
11
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART A - EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD ("MFRS") 134: INTERIM FINANCIAL REPORTING (Cont'd)
A9. Material events subsequent to the end of the current quarter (Cont'd)
The Company is admitted to the Official List of Bursa Securities and the Company’s entire enlarged issued share capital of 612,008,041 Shares is listed and quoted on the ACE Market of Bursa Securities on 23 April 2026.
A10. Segment information
The Group is organised into 2 main reportable segments as follows:
| Operating segments | Nature |
|---|---|
| (a) Trading of semi-finished Aluminium and copper products | This segment involves trading of semi-finished aluminum and copper and copper products that are used as raw materials for further manufacturing and fabrication to create finished products. |
| (b) Processing of semi-finished Aluminium products | This segment involves value-added processing (such as cutting and shearing) on aluminium products according to our customers’ requirement as and when required. |
Revenue by operating segments
| Individual quarter | Cumulative quarter | |||
|---|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) RM’000 | Comparative quarter ended 31.03.2025^{(1)} (Unaudited) RM’000 | Current period-to-date ended 31.03.2026 (Unaudited) RM’000 | Comparative period-to-date ended 31.03.2025^{(1)} (Unaudited) RM’000 | |
| Revenue | ||||
| Processing of semi-finish aluminium products | 22,452 | N/A | 40,632 | N/A |
| Trading of semi-finished aluminium and copper products | 11,119 | N/A | 27,833 | N/A |
| Total revenue | 33,571 | N/A | 68,465 | N/A |
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART A - EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD ("MFRS") 134: INTERIM FINANCIAL REPORTING (Cont'd)
A10. Segment information (Cont'd)
Revenue by customer's industry
| Individual quarter | Cumulative quarter | |||
|---|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) | Comparative quarter ended 31.03.2025(1) (Unaudited) | Current period-to-date ended 31.03.2026 (Unaudited) | Comparative period-to-date ended 31.03.2025(1) (Unaudited) | |
| RM'000 | RM'000 | RM'000 | RM'000 | |
| Revenue | ||||
| Semiconductor and engineering supporting | 19,104 | N/A | 35,019 | N/A |
| Aerospace | 3,730 | N/A | 10,737 | N/A |
| Consumer and home furnishing products | 5,126 | N/A | 9,990 | N/A |
| Construction and building materials | 4,172 | N/A | 7,448 | N/A |
| Automotive and transportation | 896 | N/A | 3,821 | N/A |
| Others | 543 | N/A | 1,450 | N/A |
| Total revenue | 33,571 | N/A | 68,465 | N/A |
Revenue by geographical locations
| Individual quarter | Cumulative quarter | |||
|---|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) | Comparative quarter ended 31.03.2025(1) (Unaudited) | Current period-to-date ended 31.03.2026 (Unaudited) | Comparative period-to-date ended 31.03.2025(1) (Unaudited) | |
| RM'000 | RM'000 | RM'000 | RM'000 | |
| Revenue | ||||
| Malaysia | 29,730 | N/A | 57,319 | N/A |
| Thailand | 3,730 | N/A | 10,737 | N/A |
| Singapore | 9 | N/A | 61 | N/A |
| Vietnam | 102 | N/A | 348 | N/A |
| Total revenue | 33,571 | N/A | 68,465 | N/A |
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART A - EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD ("MFRS") 134: INTERIM FINANCIAL REPORTING (Cont'd)
A10. Segment information (Cont'd)
Notes:
(1) This is the second interim financial report being announced by the Company in compliance with the Listing Requirements. As such, there are no comparative figures for the comparative quarter and period-to-date.
N/A Not applicable.
A11. Valuation of property, plant and equipment
There were no valuation of the property, plant and equipment in the current financial quarter.
A12. Changes in the composition of the Group
Save as disclosed in Note A9, there were no material changes in the composition of the Group during the current financial quarter.
A13. Contingent assets and contingent liabilities
There were no contingent assets and liabilities as at the date of this report.
A14. Capital commitments
Save for the utilisation of proceeds from the Public Issue as disclosed in the Prospectus, there were no other material capital commitments for capital expenditure, which upon becoming enforceable, may have a material effect on the Group’s financial quarter.
A15. Significant related party transactions
Save as disclosed below, there were no other significant related party transactions during the current financial quarter:
| Individual quarter | Cumulative quarter | |||
|---|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) RM'000 | Comparative quarter ended 31.03.2025(1) (Unaudited) RM'000 | Current period-to-date ended 31.03.2026 (Unaudited) RM'000 | Comparative period-to-date ended 31.03.2025(1) (Unaudited) RM'000 | |
| Related parties: | ||||
| Allotment of shares | - | N/A | - | N/A |
| Sales | - | N/A | - | N/A |
| Purchases | - | N/A | - | N/A |
| Net payment made related parties | - | N/A | - | N/A |
| Other income | - | N/A | - | N/A |
| Expenses charged by Lease payments(2) | * | N/A | (1) | N/A |
| (59) | N/A | (115) | N/A |
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART A - EXPLANATORY NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARD ("MFRS") 134: INTERIM FINANCIAL REPORTING (Cont'd)
A15. Significant related party transactions (Cont'd)
Notes:
* Less than 1,000
(1) This is the second interim financial report being announced by the Company in compliance with the Listing Requirements. As such, there are no comparative figures for the comparative quarter and period-to-date.
(2) Lease payment in relation to rental of offices and warehouse paid to related parties of the Group.
N/A Not applicable.
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15
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART B - EXPLANATORY NOTES PERSUANT TO CHAPTER 9, APPENDIX 9B OF THE LISTING REQUIREMENTS
B1. Review of performance
| Individual quarter | Cumulative quarter | |||
|---|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) | Comparative quarter ended 31.03.2025(1) (Unaudited) | Current period-to-date ended 31.03.2026 (Unaudited) | Comparative period-to-date ended 31.03.2025(1) (Unaudited) | |
| RM’000 | RM’000 | RM’000 | RM’000 | |
| Revenue | 33,571 | N/A | 68,465 | N/A |
| Profit before tax (“PBT”) | 2,785 | N/A | 6,369 | N/A |
| Profit after tax (“PAT”) | 2,316 | N/A | 5,136 | N/A |
Notes:
(1) This is the second interim financial report being announced by the Company in compliance with the Listing Requirements. As such, there are no comparative figures for the comparative quarter and period-to-date.
N/A Not applicable.
Individual quarter ended 31 March 2026
For the current financial quarter, the Group recorded a revenue of RM33.6 million, which was mainly contributed by semiconductor and engineering supporting segment, of 56.9% of total revenue. Lower revenue from aerospace segment was due to middle east conflict, impacting pushback of demand in the month of March 2026.
The Group registered a PBT and PAT of RM2.8 million and RM2.3 million, respectively for the current financial quarter ended 31 March 2026.
Cumulative quarter ended 31 March 2026
The Group recorded revenue of RM68.5 million, which was primarily driven by sales contributions from the semiconductor and engineering supporting industry, of 51.15% of total revenue.
The Group registered a PBT and PAT of RM6.4 million and RM5.1 million, respectively for 6 months ended 31 March 2026.
16
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART B - EXPLANATORY NOTES PERSUANT TO CHAPTER 9, APPENDIX 9B OF THE LISTING REQUIREMENTS
B2. Comparison with preceding quarter’s results
| QUARTER ENDED | |||
|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) | Comparative quarter ended 31.12.2025 (Unaudited) | Changes % | |
| RM’000 | RM’000 | ||
| Revenue | 33,571 | 34,894 | (3.8) |
| Profit before tax (“PBT”) | 2,785 | 3,584 | (22.3) |
| Profit after tax (“PAT”) | 2,316 | 2,820 | (17.9) |
The Group recorded revenue of RM33.6 million, decreased by RM1.3 million or 3.8% compared to immediately preceding quarter. The decreased in revenue was mainly attributable to (a) pushback of demand for aerospace segments of RM3.3 million due to middle east war and (b) absent of marine sales of RM2.1 million in current quarter. The decrease in revenue in aerospace and marine segment was offset by increase in revenue generated from semiconductor and engineering supporting of RM3.2 million.
The Group recorded PBT of RM2.8 million, decreased by RM0.8 million or 22.3% compared to immediately preceding quarter. The decreased in PBT was mainly due to higher payout of one-off bonus amounted to RM0.7 million for group target achievements.
The Group recorded PAT of RM2.3 million, decreased by RM0.5 million or 17.9% compared to immediately preceding quarter. The decrease was attributable to decrease in PBT, offset by overprovision of tax in previous years.
17
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART B - EXPLANATORY NOTES PERSUANT TO CHAPTER 9, APPENDIX 9B OF THE LISTING REQUIREMENTS
B3. Prospects
The Group continued to deliver strong financial performance during the quarter. The processing segment remained the Group’s largest revenue contributor, and management expects this segment to continue its growth momentum in the coming quarters, supported by increasing enquiries from customers. This segment typically generates better margins compared to the Group’s traditional trading segment, further strengthening overall profitability.
According to the Semiconductor Industry Association (SIA), global semiconductor sales in the first quarter of 2026 increased by approximately 25% compared to the fourth quarter of 2025 and are projected to remain on track towards reaching USD1 trillion in 2026. In line with this industry outlook, the Group expects continued strong demand from the semiconductor sector to further support growth within its semiconductor and engineering support industries (ESI) segment. During the quarter, the Group also secured its maiden processing contract from a new semiconductor customer, with contributions expected to be reflected in the coming quarters.
The automotive and transportation segment, particularly the marine industry, also recorded encouraging progress, with the Group securing several new aluminium supply contracts in the marine segment. The Group remains optimistic on this segment as the adoption of aluminium in marine vessels continues to increase, driven by industry trends towards sustainability and performance efficiency.
Looking ahead, the Group remains optimistic about its prospects, supported by the continued semiconductor upcycle, newly secured contracts and customers across various segments, as well as ongoing expansion initiatives. To support increasing demand, the Group is planning to introduce a second production shift at its Penang factory to enhance capacity utilisation. In addition, as disclosed in the IPO Prospectus, the Group is progressively undertaking the establishment of a Licensed Manufacturing Warehouse (LMW) facility in Penang and the acquisition of additional machinery to further support the growing requirements of its semiconductor customers.
B4. Variance from actual profit from profit forecast and profit guarantee
The Group did not issue any profit forecast or profit guarantee in the current financial quarter.
18
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART B - EXPLANATORY NOTES PERSUANT TO CHAPTER 9, APPENDIX 9B OF THE LISTING REQUIREMENTS (Cont'd)
B5. Income tax expense
| Individual quarter | Cumulative quarter | |||
|---|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) RM'000 | Comparative quarter ended 31.03.2025(1) (Unaudited) RM'000 | Current period-to-date ended 31.03.2026 (Unaudited) RM'000 | Comparative period-to-date ended 31.03.2025(1) (Unaudited) RM'000 | |
| Income tax: | ||||
| • Current financial period | 530 | N/A | 1,273 | N/A |
| • Overprovision in prior years | (94) | N/A | (94) | N/A |
| Deferred tax: | ||||
| • Current financial period | 33 | N/A | 54 | N/A |
| • Overprovision in prior years | - | N/A | - | N/A |
| Total income expenses | 469 | N/A | 1,233 | N/A |
| Effective tax rate (%)(2) | 16.84 | N/A | 19.36 | N/A |
| Statutory tax rate (%) | 24.00 | N/A | 24.00 | N/A |
Notes:
(1) This is the second interim financial report being announced by the Company in compliance with the Listing Requirements. As such, there are no comparative figures for the comparative quarter and period-to-date.
(2) The Group's effective tax rate for the current financial quarter is lower than the statutory tax rate of 24% mainly due to lower tax rate for foreign subsidiary.
N/A Not applicable.
B6. Status of corporate proposals
Save for as disclosed in Note A9, there are no other corporate proposals announced but not implemented as at the date of this report.
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART B - EXPLANATORY NOTES PERSUANT TO CHAPTER 9, APPENDIX 9B OF THE LISTING REQUIREMENTS (Cont'd)
B7. Utilisation of proceeds raised from the IPO
The gross proceeds to be raised from the IPO amounting to RM32.77 million is intended to be utilised in the following manner:
| Description of utilisation | RM'000 | % | Estimated timeframe for utilisation from the Listing date |
|---|---|---|---|
| Setting up of a new LMW plant cum warehouse and office in Penang | 8,105 | 24.73 | Within 24 months |
| Expansion into manufacturing of aluminium architectural products | 6,898 | 21.05 | Within 24 months |
| Setting up of new distribution point in Kuantan, Pahang | 2,500 | 7.63 | Within 24 months |
| Repayment of bank borrowings | 8,167 | 24.92 | Within 3 months |
| Working capital | 2,670 | 8.15 | Within 18 months |
| Estimated listing expenses(1) | 4,430 | 13.52 | Within 1 month |
| Total | 32,770 | 100.00 |
Note:
(1) As at 31 March 2026, approximately RM2.69 million of listing expenses has been incurred and capitalised as prepayment. Upon listing, a portion of the listing expenses will be charged to equity, and the remaining balance will be expensed off to profit and loss as one-off expenditure.
N/A Not applicable.
The utilisation of proceeds as disclosed above should be read in conjunction with the Prospectus. As at the date of this report, the IPO is pending completion and hence, the proceeds have yet to be raised and utilised.
B8. Borrowings
| As at 31.03.2026 (Unaudited) RM'000 | As at 30.09.2025 (Audited) RM'000 | |
|---|---|---|
| Non-current Term loan | 279 | 450 |
| Current Trade facility Term loan | 25,132 | |
| 337 | ||
| 25,469 | ||
| 25,748 | 22,664 | |
| 327 | ||
| 22,991 | ||
| 23,441 |
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART B - EXPLANATORY NOTES PERSUANT TO CHAPTER 9, APPENDIX 9B OF THE LISTING REQUIREMENTS (Cont'd)
B8. Borrowings (Cont'd)
| As at 31.03.2026 (Unaudited) | As at 30.09.2025 (Audited) | |
|---|---|---|
| RM'000 | RM'000 | |
| Total borrowings | ||
| Denominated in RM | 20,504 | 16,346 |
| Denominated in USD | 4,419 | 6,834 |
| Denominated in RMB | 825 | 261 |
| 25,748 | 23,441 |
B9. Material litigation
As at the date of this report, the Group is not engaged in any material litigation, claim and/or arbitration, whether as plaintiff or defendant, which might materially and adversely affect the Group's business or financial position, and there are no legal proceedings, pending or threatened, or of any fact likely to give rise to any legal proceeding which may materially and adversely affect the Group's business or financial position.
B10. Dividends
On 25 May 2026, the Board of Directors of the Company has approved the declaration and payment of interim single-tier dividend of RM0.004 per ordinary share totalling RM 2.45 million in respect of the financial year ending 30 September 2026. The entitlement and payment dates of the interim single-tier dividend are 12 June 2026.
B11. Earnings per share ("EPS")
The basic and diluted EPS for the current financial quarter are computed as follows:
| Individual quarter | Cumulative quarter | |||
|---|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) | Comparative quarter ended 31.03.2025(1) (Unaudited) | Current period-to-date ended 31.03.2026 (Unaudited) | Comparative period-to-date ended 31.03.2025(1) (Unaudited) | |
| Profit for the year attributable to owners of the Group (RM'000) | 2,185 | N/A | 4,842 | N/A |
| Number of ordinary shares upon completion of the Listing (unit'000)(2) | 612,008 | N/A | 612,008 | N/A |
| Basic and diluted EPS (sen)(3)(4) | 0.36 | N/A | 0.79 | N/A |
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART B - EXPLANATORY NOTES PERSUANT TO CHAPTER 9, APPENDIX 9B OF THE LISTING REQUIREMENTS (Cont'd)
B11. Earnings per share (“EPS”) (Cont’d)
Notes:
(1) This is the second interim financial report being announced by the Company in compliance with the Listing Requirements. As such, there are no comparative figures for the comparative quarter and period-to-date.
(2) Based on the Company’s enlarged share capital of 612,008,041 Shares upon Listing.
(3) Basic and diluted EPS is calculated based on the PAT attributable to owners of the Group divided by enlarged share capital of 612,008,041 Shares in the Company upon Listing.
(4) Basic and diluted EPS are the same as the Company does not have any outstanding convertible securities as at the end of the current financial quarter.
N/A Not applicable.
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22
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART B - EXPLANATORY NOTES PERSUANT TO CHAPTER 9, APPENDIX 9B OF THE LISTING REQUIREMENTS (Cont'd)
B12. Notes to the unaudited condensed consolidated statement of profit or loss and other comprehensive income
Profit for the current financial quarter and current period-to-date were arrived at after charging/(crediting) the following:
| Individual quarter | Cumulative quarter | |||
|---|---|---|---|---|
| Current quarter ended 31.03.2026 (Unaudited) | Comparative quarter ended 31.03.2025(1) (Unaudited) | Current period-to-date ended 31.03.2026 (Unaudited) | Comparative period-to-date ended 31.03.2025(1) (Unaudited) | |
| RM’000 | RM’000 | RM’000 | RM’000 | |
| Depreciation of right-of-use assets | 263 | N/A | 526 | N/A |
| Depreciation of property, plant and equipment | 157 | N/A | 297 | N/A |
| Expenses relating to short term leases | 60 | N/A | 109 | N/A |
| Loss on written off of property, plant and equipment | - | N/A | - | N/A |
| Gain on lease modification/termination | (20) | N/A | (20) | N/A |
| Unrealised loss/(gain) on foreign exchange | 367 | N/A | 45 | N/A |
| Waiver of debt by holding company | - | N/A | - | N/A |
| Realised foreign exchange gain | (383) | N/A | (520) | N/A |
| Interest income | (10) | N/A | (22) | N/A |
| Interest expense on: | ||||
| - Trade facility | 366 | N/A | 707 | N/A |
| - Bank overdraft | 4 | N/A | 10 | N/A |
| - Term loan | 9 | N/A | 20 | N/A |
| - Lease liabilities | 35 | N/A | 78 | N/A |
| - Others | 2 | N/A | 2 | N/A |
Notes:
(1) This is the second interim financial report being announced by the Company in compliance with the Listing Requirements. As such, there are no comparative figures for the comparative quarter and period-to-date.
N/A Not applicable
24
AMS ADVANCED MATERIAL BERHAD
Registration No. 202301034321 (1528244-M)
(Incorporated in Malaysia under the Companies Act, 2016)
PART B - EXPLANATORY NOTES PERSUANT TO CHAPTER 9, APPENDIX 9B OF THE LISTING REQUIREMENTS (Cont'd)
B13. Derivatives
The Group did not enter into any derivatives during the current financial quarter.
B14. Authorisation for issue
The interim financial report was authorised for issue by the Board of Directors of the Company on 25 May 2026.
BY ORDER OF THE BOARD
AMS ADVANCED MATERIAL BERHAD
25 May 2026