ARB BERHAD — Interim / Quarterly Report 2026

May 24, 2026

ARB BERHAD

[Company No. 199701033435 (448934-M)]

(Incorporated in Malaysia)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026

| | As at
31.03.2026
RM'000 | As at
31.12.2025
RM'000 |
| --- | --- | --- |
| ASSETS | | |
| Non-Current Assets | | |
| Right-of-use assets | 113 | 145 |
| | 113 | 145 |
| Current Assets | | |
| Trade receivables | 83,340 | 69,864 |
| Other receivables, prepayments and deposits | 115,460 | 125,920 |
| Cash and cash equivalents | 4,410 | 5,274 |
| | 203,210 | 201,058 |
| TOTAL ASSETS | 203,323 | 201,203 |
| EQUITY AND LIABILITIES | | |
| Share capital | 201,606 | 201,606 |
| Reserves | 1,113 | (960) |
| Total Equity | 202,719 | 200,646 |
| Non-Current Liability | | |
| Lease liabilities | 80 | 17 |
| | 80 | 17 |
| Current Liabilities | | |
| Trade payables | 17 | 3 |
| Other payables and accruals | 467 | 394 |
| Lease liabilities | 19 | 122 |
| Current tax liability | 21 | 21 |
| | 524 | 540 |
| Total Liabilities | 604 | 557 |
| TOTAL EQUITY AND LIABILITIES | 203,323 | 201,203 |
| Net assets per share attributable to owners of the Company (RM) | 0.16 | 0.16 |
| Number of outstanding ordinary shares in issue ('000) | 1,249,801 | 1,249,801 |

The Condensed Consolidated Statements of Financial Position should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes to the interim financial report.

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ARB BERHAD
[Company No. 199701033435 (448934-M)]
(Incorporated in Malaysia)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
FOR THE FIRST QUARTER ENDED 31 MARCH 2026

	Current quarter ended 31.03.2026 RM'000	Comparative quarter ended 31.03.2025 RM'000	Current year to date ended 31.03.2026 RM'000	Preceding year to date ended 31.03.2025 RM'000
Revenue	85,817	106,000	85,817	106,000
Cost of sales	(83,247)	(103,000)	(83,247)	(103,000)
Gross profit	2,570	3,000	2,570	3,000
Other operating incomes	22	4,295	22	4,295
Administrative expenses	(518)	(2,637)	(518)	(2,637)
Profit from operations	2,074	4,658	2,074	4,658
Finance costs	(2)	(2)	(2)	(2)
Profit before tax	2,072	4,656	2,072	4,656
Taxation	1	(9)	1	(9)
Total comprehensive (loss)/income for the year	2,073	4,647	2,073	4,647
Profit attributable to:
Owners of the Company	2,073	4,647	2,073	4,647
Non-controlling interests	-	-	-	-
	2,073	4,647	2,073	4,647
Total comprehensive income attributable to:
Owners of the Company	2,073	4,647	2,073	4,647
Non-controlling interests	-	-	-	-
	2,073	4,647	2,073	4,647
Earnings per share attributable to Owners of the Company (sen):
Basic	0.17	0.37	0.17	0.37
Diluted	0.17	0.37	0.17	0.37

The Condensed Consolidated Statements of Profit or Loss should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes to the interim financial report.

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ARB BERHAD

[Company No. 199701033435 (448934-M)]

(Incorporated in Malaysia)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE FIRST QUARTER ENDED 31 MARCH 2026

	Attributable To Owners Of The Company
	Share Capital	Retained Earnings	Total	Non-controlling Interests	Total Equity
	RM'000	RM'000	RM'000	RM'000	RM'000
As at 1 January 2026	201,606	(960)	200,646	-	200,646
Profit after tax	-	2,073	2,073	-	2,073
Total comprehensive income	-	2,073	2,073	-	2,073
As at 31 March 2026	201,606	1,113	202,719	-	202,719
As at 1 January 2025	201,606	7,031	208,637	-	208,637
Profit after tax	-	4,647	4,647	-	4,647
Total comprehensive income	-	4,647	4,647	-	4,647
As at 31 March 2025	201,606	11,678	213,284	-	213,284

The Condensed Consolidated Statements of Changes in Equity should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to the interim financial report.

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ARB BERHAD
[Company No. 199701033435 (448934-M)]
(Incorporated in Malaysia)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE FIRST QUARTER ENDED 31 MARCH 2026

| | Current year to date ended
31.03.2026
RM'000 | Preceding year to date ended
31.03.2025
RM'000 |
| --- | --- | --- |
| CASH FLOW FROM OPERATING ACTIVITIES | | |
| Profit before taxation | 2,072 | 4,656 |
| Adjustments for: | | |
| Depreciation of property, plant and equipment | - | 1,667 |
| Depreciation of right-of-use assets | 32 | 18 |
| Finance costs | 2 | 2 |
| Interest income | (22) | (42) |
| (Reversal of impairment)/impairment loss on receivables | 14 | (4,253) |
| Operating profit before changes in working capital | 2,098 | 2,048 |
| Changes in working capital: | | |
| Receivables | (3,032) | (12,944) |
| Payables | 88 | 8,133 |
| Cash used in operations | (846) | (2,763) |
| Interest received | 22 | 42 |
| Net cash used in operating activities | (824) | (2,721) |
| CASH FLOW FROM FINANCING ACTIVITIES | | |
| Payment of lease liabilities | (40) | (9) |
| Net cash used in financing activities | (40) | (9) |
| Net decrease in cash and cash equivalents | (864) | (2,730) |
| Cash and cash equivalents at beginning of the financial year | 5,274 | 21,740 |
| Cash and cash equivalents at end of the financial year | 4,410 | 19,010 |
| Cash and cash equivalents comprised: | | |
| Cash and bank balances | 4,410 | 19,010 |
| | 4,410 | 19,010 |

The Condensed Consolidated Statements of Cash Flows should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes to the interim financial report.

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ARB BERHAD
[Company No. 199701033435 (448934-M)]
(Incorporated in Malaysia)

INTERIM FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2026

NOTES TO THE INTERIM FINANCIAL REPORT

A1. Basis of preparation

The interim financial report is unaudited and has been prepared in compliance with the requirements of MFRS 134: Interim Financial Reporting and paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The interim financial report should be read in conjunction with the audited financial statements of the Group for the year ended 31 December 2025. These explanatory notes attached to the interim financial statements provide an explanation of events and transactions that are significant to an understanding of the changes in the financial position and performance of the Group since the year ended 31 December 2025.

A2. Significant Accounting Policies

The accounting policies adopted by the Group in the interim financial report are consistent with those adopted in the audited financial statements of the Group for the financial year ended 31 December 2025.

(a) New/ Revised MFRSs, Amendments to MFRSs and Interpretations adopted

During the financial year, the Group have adopted the following new standards and amendments issued by the Malaysian Accounting Standards Board ("MASB") that are mandatory for current financial year:

MFRSs, Amendments to MFRSs and Interpretations effective for annual periods beginning on or after 1 January 2026

• Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures—Amendments to the Classification and Measurement of Financial Instruments
• Annual Improvements to MFRS Accounting Standards—Volume 11
• Amendments to MFRS 9 and MFRS 7 Contracts Referencing Nature-dependent Electricity

(b) New/ Revised MFRSs, Amendments to MFRSs and Interpretations not adopted

MFRSs, Amendments to MFRSs and Interpretations 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
• Amendments to MFRS 121, The Effects of Changes in Foreign Exchange Rates – Translation to a Hyperinflationary Presentation Currency.

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ARB BERHAD
[Company No. 199701033435 (448934-M)]
(Incorporated in Malaysia)

INTERIM FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2026

A2. Significant Accounting Policies (Cont'd)

(b) New/ Revised MFRSs, Amendments to MFRSs and Interpretations not adopted (Cont'd)

MFRSs, Amendments to MFRSs and Interpretations effective date yet to be confirmed

• Amendments to MFRS 10 Consolidated Financial Statements and MFRS 128 Investment in Associates and Joint Ventures – Sale or Contribution of Assets between an investor and its Associate or Joint Venture

The Group did not early adopt the above MFRSs, amendments to MFRSs and interpretations as they are not expected to have a significant effect on its consolidated financial statements.

A3. Seasonal or Cyclical Factors

The principal business operations of the Group are not materially affected by seasonal or cyclical factors during the financial year to date under review.

A4. Unusual Items Affecting Assets, Liabilities, Equity, Net Income or Cash Flow

There were no items affecting assets, liabilities, equity, net income or cash flows that were unusual because of their nature, size or incidence during the financial year to date under review.

A5. Material Changes in Estimates

There were no material changes in estimates of the amounts reported in prior financial years that have a material effect for the financial year to date under review.

A6. Changes in Debts and Equity Securities

There were no issuances, share cancellations, share buy-back, share held as treasury share, resale of treasury share and repayments of debts and equity securities for the financial year under review.

A7. Dividends Paid

No dividends have been paid during the current quarter and financial year to date under review.

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ARB BERHAD

[Company No. 199701033435 (448934-M)]

(Incorporated in Malaysia)

INTERIM FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2026

A8. Segmental Information

(a) Segment analysis for the financial year to date ended 31 March 2026:

| | Platform
RM'000 | Cloud
RM'000 | Others
RM'000 | Total
RM'000 |
| --- | --- | --- | --- | --- |
| Revenue | | | | |
| Total revenue | 85,817 | - | 158 | 85,975 |
| - Inter-segment revenue | - | - | (158) | (158) |
| Revenue from external parties | 85,817 | - | - | 85,817 |
| Results | | | | |
| Segment profit/(loss) | 2,290 | 13,256 | (13,472) | 2,074 |
| Finance costs | - | (2) | - | (2) |
| (Loss)/profit before taxation | 2,290 | 13,254 | (13,472) | 2,072 |
| Taxation | (5) | 6 | - | 1 |
| Net profit/(loss) for the financial year | 2,285 | 13,260 | (13,472) | 2,073 |
| Segment assets | 202,875 | 111 | 337 | 203,323 |
| Non-cash expenses | | | | |
| Depreciation of right-of-use assets | (5) | (27) | - | (32) |

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ARB BERHAD
[Company No. 199701033435 (448934-M)]
(Incorporated in Malaysia)

INTERIM FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2026

A8. Segmental Information (Cont'd)

(b) Segment analysis for the financial year to date ended 31 March 2025:

| | Platform
RM'000 | Cloud
RM'000 | Others
RM'000 | Total
RM'000 |
| --- | --- | --- | --- | --- |
| Revenue | | | | |
| Total revenue | 69,000 | 37,000 | - | 106,000 |
| - Inter-segment revenue | - | - | - | - |
| Revenue from external parties | 69,000 | 37,000 | - | 106,000 |
| Results | | | | |
| Segment profit/(loss) | (326) | 972 | 4,012 | 4,658 |
| Finance costs | - | (2) | - | (2) |
| Profit/(Loss) before taxation | (326) | 970 | 4,012 | 4,656 |
| Taxation | (1) | (1) | (7) | (9) |
| Net profit/(loss) for the financial year | (327) | 969 | 4,005 | 4,647 |
| Addition of property, plant and equipment | - | - | - | - |
| Segment assets | 138,443 | 70,520 | 13,300 | 222,263 |
| Non-cash expenses | | | | |
| Depreciation of property, plant and equipment | (1,667) | - | - | (1,667) |
| Depreciation of right-of-use assets | - | (18) | - | (18) |

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ARB BERHAD
[Company No. 199701033435 (448934-M)]
(Incorporated in Malaysia)

INTERIM FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2026

A9. Significant Event During The Financial Period

There were no significant event during the current quarter ended 31 March 2026.

A10. Material Events Subsequent to the End of the Financial Period

There is no material subsequent event from the end of the current quarter to the date of the interim financial report.

A11. Changes in the Composition of the Group

There were no material changes in the composition of the Group during the financial year under review.

A12. Changes in Contingent Liabilities and Assets

There were no material contingent liabilities or assets since the last audited financial statements for the financial year under review.

A13. Capital Commitments

There were no material capital commitments during the current quarter under review.

A14. Significant Related Party Transactions

There were no material related party transactions during the current quarter under review.

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ARB BERHAD
[Company No. 199701033435 (448934-M)]
(Incorporated in Malaysia)

INTERIM FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2026

ADDITIONAL INFORMATION REQUIRED BY THE LISTING REQUIREMENTS

B1. Review of Performance

The comparison of the quarterly results is tabulated below:

Table 1: Financial review for current quarter and financial year to date

	Current quarter ended 31.03.2026 RM'000	Comparative quarter ended 31.03.2025 RM'000	Changes (RM'000 / %)	Current year to date ended 31.03.2026 RM'000	Preceding year to date ended 31.03.2025 RM'000	Changes (RM'000 / %)
Revenue	85,817	106,000	(20,183) / (19)	85,817	106,000	(20,183) / (19)
Profit Before Tax ("PBT")	2,072	4,656	(2,584) / (55)	2,072	4,656	(2,584) / (55)
Profit After Tax	2,073	4,647	(2,574) / (55)	2,073	4,647	(2,574) / (55)
Earnings per Share ("EPS") Attributable to Owners of the Company (sen)	0.17	0.37	(0.20) / (54)	0.17	0.37	(0.20) / (54)

The Group registered revenue of RM85.8 million in current quarter was mainly contributed by revenue generated from Platform segments.

Table 2: Financial review for current quarter compared with immediate preceding quarter

	Current quarter ended 31.03.2026 RM'000	Immediate preceding quarter ended 31.12.2025 RM'000	Changes (RM'000 / %)
Revenue	85,817	47,349	38,469 / 81
Profit / (Loss) Before Tax	2,072	(1,834)	3,906 / >100%
Profit / (Loss) After Tax	2,073	(1,840)	3,913 / >100%
Earnings / (Loss) per Share Attributable to Owners of the Company (sen)	0.17	(0.15)	0.32 / >100%

In the current quarter, the Group reported revenue of RM85.8 million compare with revenue of RM47.3 million in immediate preceding quarter, representing an increase of RM38.5 million or 81% in revenue. The higher in revenue achieved mainly due to higher sales in the Platform segment.

In the current quarter, the Group recorded a PBT of RM2.1 million, an increase from the LBT of RM1.8 million in immediate preceding quarter, representing an increase of RM3.9 million. The higher PBT was mainly due to better performance contributed by Platform segment.

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ARB BERHAD

[Company No. 199701033435 (448934-M)]

(Incorporated in Malaysia)

INTERIM FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2026

B2. Group’s Prospect

The Malaysian economy expanded by 5.4% in the first quarter of 2026 (4Q 2025: 6.2%), driven mainly by domestic demand. Household spending remained supported by positive labour market conditions, with the unemployment rate staying low, alongside targeted policy measures. Investment growth was underpinned by continued implementation of multi-year projects by both the private and public sectors, a high realisation rate of approved investments, and the ongoing rollout of national master plans. On the external front, export growth remained firm, driven by high demand for electrical and electronics (E&E) products as well as travel and information and communication technology (ICT) services.

Moving forward, uncertainties surrounding the duration and severity of the Middle East conflict will affect the outlook of domestic growth and inflation. Nevertheless, Malaysia’s strong fundamentals will continue to underpin the economy’s resilience. The external sector will benefit from continued strength in E&E exports, while tourist spending will be sustained albeit at a more moderate pace. This growth outlook remains subject to downside risks from a prolonged conflict in the Middle East and lower commodity production. Meanwhile, upside potential to growth could arise from the de-escalation of the conflict, stronger demand for E&E goods and higher tourism activity.

The Group intends to strengthen its presence within existing markets through strategic investments, collaborations, and selective mergers and acquisitions that are complementary to its core businesses. Such initiatives are aimed at enhancing operational synergies, expanding technological capabilities, and generating sustainable long-term value to the shareholders.

B3. Variance of Actual Profit from Profit Forecast

The Group did not issue any profit forecast and profit guarantee during the current quarter under review.

B4. Tax expense

	Current quarter ended 31.03.2026 RM'000	Current year to date ended 31.03.2026 RM'000
Current period provision	1	1
Over provision in prior period	-	-
	1	1
Deferred taxation	-	-
	1	1

Taxation is computed after taking into consideration the available capital allowances and the adjusted business losses carried forward from previous years to set off against taxable profit.

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ARB BERHAD
[Company No. 199701033435 (448934-M)]
(Incorporated in Malaysia)

INTERIM FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2026

B5. Status of Corporate Proposals Announced

There were no corporate proposals announced but not completed, as at the date of this report.

B6. Material Litigation

The Group does not engaged in any material litigation and the Directors do not have any knowledge of any proceedings pending or threatened against the Group which might materially and adversely affect the financial position or business of the Group.

B7. Dividend Proposed or Declared

No dividend has been recommended by the Board of Directors for the current quarter under review.

B8. Earnings per Share ("EPS")

(a) Basic and Diluted EPS

The basic and diluted EPS/ loss per share are of the Group is calculated based on the profit/(loss) attributable to owners (ordinary equity holders) of the Company divided by the weighted average number of ordinary shares in issue.

	Current quarter ended 31.03.2026	Comparative quarter ended 31.03.2025	Current period to date ended 31.03.2026	Preceding period to date ended 31.03.2025
Profit attributable to owners of the Company (RM'000)	2,073	4,647	2,073	4,647
Weighted average number of ordinary shares outstanding ('000)	1,249,801	1,249,801	1,249,801	1,249,801
Basic EPS (sen)	0.17	0.37	0.17	0.37
Diluted EPS (sen)	0.17	0.37	0.17	0.37

B9. Auditors' Report on Preceding Annual Financial Statements

There was no audit qualification in the audited report of the Company and its subsidiaries preceding annual financial statements for the financial year ended 31 December 2025.

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ARB BERHAD

[Company No. 199701033435 (448934-M)]

(Incorporated in Malaysia)

INTERIM FINANCIAL REPORT ON CONSOLIDATED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2026

B10. Items included in the Statement of Profit or Loss

	Current quarter ended 31.03.2026 RM'000	Current year to date ended 31.03.2026 RM'000
Depreciation of right-of-use assets	32	32
Finance costs	(2)	(2)
Interest income	22	22

By Order of the Board,

Hong Zi Shen

Executive Director

25 May 2026

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