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AURELIUS TECHNOLOGIES BERHAD Interim / Quarterly Report 2026
70302_rns_2026-05-28_160c8255-3495-4f0a-a8c8-300d5ab96d19.pdf
Interim / Quarterly Report
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AURELIUS TECHNOLOGIES BERHAD
(Registration No. 202101005015 (1405314-D))
(Incorporated in Malaysia under the Companies Act 2016)
UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENT FOR THE FIRST QUARTER ENDED 31 MARCH 2026
A
TECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
UNAUDITED CONDENSED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
| 1st Quarter | Cumulative Quarter | |||||
|---|---|---|---|---|---|---|
| 31 March 2026 (a) RM | 31 March 2025 RM | Changes | 31 March 2026 (a) RM | 31 March 2025 RM | Changes | |
| Revenue | 130,418,431 | 147,853,367 | (11.8) | 130,418,431 | 147,853,367 | (11.8) |
| Cost of sales | (114,813,620) | (125,308,764) | (8.4) | (114,813,620) | (125,308,764) | (8.4) |
| Gross profit | 15,604,811 | 22,544,603 | (30.8) | 15,604,811 | 22,544,603 | (30.8) |
| Other income | 2,834,734 | 2,995,397 | (5.4) | 2,834,734 | 2,995,397 | (5.4) |
| Administrative expenses | (6,331,489) | (5,101,999) | 24.1 | (6,331,489) | (5,101,999) | 24.1 |
| Selling and distribution expenses | (85,364) | (29,568) | 188.7 | (85,364) | (29,568) | 188.7 |
| Operating profit | 12,022,692 | 20,408,433 | (41.1) | 12,022,692 | 20,408,433 | (41.1) |
| Finance income | 137,054 | 450,789 | (69.6) | 137,054 | 450,789 | (69.6) |
| Finance costs | (115,417) | (44,837) | 157.4 | (115,417) | (44,837) | 157.4 |
| Profit before tax | 12,044,329 | 20,814,385 | (42.1) | 12,044,329 | 20,814,385 | (42.1) |
| Taxation | (2,867,484) | (4,716,692) | (39.2) | (2,867,484) | (4,716,692) | (39.2) |
| Profit for the financial period | 9,176,845 | 16,097,693 | (43.0) | 9,176,845 | 16,097,693 | (43.0) |
| Total other comprehensive income, net of tax | ||||||
| Items that will not be reclassified subsequently to profit or loss: | ||||||
| Transfer of revaluation surplus to retained profits | 135,164 | 46,880 | 188.32 | 135,164 | 46,880 | 188.32 |
| Realisation of revaluation surplus upon depreciation | (135,164) | (46,880) | 188.32 | (135,164) | (46,880) | 188.32 |
| Total comprehensive income for the financial period | 9,176,845 | 16,097,693 | (43.0) | 9,176,845 | 16,097,693 | (43.0) |
| Profit for the financial period attributable to: | ||||||
| Owner of the Company | 9,176,845 | 16,097,693 | (43.0) | 9,176,845 | 16,097,693 | (43.0) |
| Total comprehensive income for the financial period attributable to: | ||||||
| Owners of the Company | 9,176,845 | 16,097,693 | (43.0) | 9,176,845 | 16,097,693 | (43.0) |
| Earnings Per Share attributable to Owners of the Company | ||||||
| Basic EPS (sen) | 0.71 (d) | 1.24 (b), (c) | 0.71 (d) | 1.24 (b), (c) | ||
| Diluted EPS (sen) | 0.71 (e) | 1.24 (b), (c) | 0.71 (e) | 1.24 (b), (c) |
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
UNAUDITED CONDENSED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (cont'd)
Notes:
(a) The Unaudited Condensed Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the Group's audited financial statements for the financial year ended 31 December 2025 ("FYE 2025") and the accompanying explanatory notes.
(b) As at 31 March 2025, the basic earnings per share ("EPS") and diluted earnings per share ("DEPS") is calculated based on the profit attributable to owners of the Company divided by the weighted average number of ordinary shares issued and applicable ordinary shares of 433,477,022 and 433,682,022 respectively.
(c) For comparative purpose, the EPS and DEPS as at 31 March 2025 had been adjusted based on the enlarged total number of weighted average number of ordinary shares issued and applicable ordinary shares of 1,300,431,066 and 1,301,046,066 respectively pursuant to the completion of the bonus issue of 867,049,600 new ordinary shares and 433,524,800 warrants on 24 June 2025 ("Bonus Issue").
(d) As at 31 March 2026, the EPS is calculated based on the profit attributable to owners of the Company divided by the weighted average number of ordinary shares issued of 1,300,674,400 as disclosed in B12 (i).
(e) As at 31 March 2026, the DEPS is calculated based on the profit attributable to owners of the Company divided by the weighted number of applicable ordinary shares of 1,300,899,400 as disclosed in B12 (ii).
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
CONDENSED STATEMENT OF FINANCIAL POSITION
| | Unaudited
as at 31 March 2026 (a)
RM | Audited
as at 31 December 2025
RM |
| --- | --- | --- |
| ASSETS | | |
| Non-current asset | | |
| Property, plant and equipment | 222,378,023 | 224,511,528 |
| Current assets | | |
| Inventories | 107,006,322 | 110,076,054 |
| Trade receivables | 123,238,654 | 146,853,400 |
| Other receivables, deposits and prepayments | 3,996,966 | 2,634,956 |
| Contract assets | 17,886,529 | 18,043,382 |
| Short term investments | 177,917,620 | 189,773,618 |
| Cash and bank balances | 22,143,398 | 26,615,105 |
| | 452,189,489 | 493,996,515 |
| TOTAL ASSETS | 674,567,512 | 718,508,043 |
| EQUITY & LIABILITIES | | |
| Share capital | 390,829,620 | 390,829,621 |
| Merger deficit | (38,486,932) | (38,486,932) |
| Revaluation reserve | 20,708,571 | 20,843,736 |
| ESS reserve | 118,492 | 118,492 |
| Retained profits | 126,789,541 | 143,491,020 |
| Total equity | 499,959,292 | 516,795,937 |
| Non-current liabilities | | |
| Deferred tax liabilities | 19,074,123 | 17,423,055 |
| | 19,074,123 | 17,423,055 |
| Current liabilities | | |
| Trade payables | 111,213,261 | 113,832,778 |
| Other payables & accruals | 39,224,894 | 27,797,666 |
| Borrowings | - | 34,139,816 |
| Refund liabilities | 2,237,590 | 2,179,225 |
| Provision of taxation | 2,858,352 | 6,339,556 |
| | 155,534,097 | 184,289,041 |
| Total Liabilities | 174,608,220 | 201,712,096 |
| TOTAL EQUITY AND LIABILITIES | 674,567,512 | 718,508,033 |
| Net Assets per share attributable to owner of the Company (RM) (b) | 0.38 | 0.40 |
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
CONDENSED STATEMENT OF FINANCIAL POSITION (cont'd)
Notes:
(a) The condensed statement of financial position should be read in conjunction with the Group's audited financial statements for the FYE 2025 and the accompanying explanatory notes.
(b) Net Assets per share attributable to the Company's equity owner is calculated based on total equity divided by the total number of ordinary shares outstanding of 1,300,674,400 shares issued.
5
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
UNAUDITED CONDENSED STATEMENT OF CASH FLOWS
| Cumulative Quarter | ||
|---|---|---|
| 31 March 2026 (a) | 31 March 2025 | |
| RM | RM | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Profit before tax | 12,044,329 | 20,814,385 |
| Adjustments for: | ||
| Depreciation of property, plant & equipment | 3,833,510 | 3,658,547 |
| Gain on disposal of property, plant & equipment | (98,000) | - |
| Interest expense | 115,417 | 44,837 |
| Interest income | (137,054) | (450,789) |
| Short term investments income | (1,656,938) | - |
| Unrealised (gain)/loss on foreign exchange | (1,936,166) | 2,087,164 |
| Fair value loss/(gain) on short term investments | 969,938 | (1,010,560) |
| Fair value change of derivatives | - | (64,195) |
| Operating profit before working capital changes | 13,135,036 | 25,079,389 |
| Changes in working capital: | ||
| Inventories | 2,641,799 | 10,249,861 |
| Receivables | 28,992,226 | 3,671,423 |
| Contract assets | 156,853 | 3,952,026 |
| Payables | (9,703,694) | (32,919,809) |
| Net cash flows generated from operations | 35,222,220 | 10,032,890 |
| Interest paid | (115,417) | (44,837) |
| Income tax paid | (4,697,629) | (728,311) |
| Net cash flows generated from operating activities | 30,409,174 | 9,259,742 |
| CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant & equipment | (1,700,005) | (444,089) |
| Proceeds from disposal of property, plant & equipment | 98,000 | - |
| Interest received | 137,054 | 450,789 |
| Short term investments income received | 1,656,938 | - |
| Net change of short term investments | 10,886,863 | (48,021,267) |
| Fixed deposits with licensed banks | - | 18,796,414 |
| Net cash generated from/(used in) investing activities | 11,078,850 | (29,218,153) |
| CASH FLOW FROM FINANCING ACTIVITIES | ||
| Net repayment in bankers acceptances and OFCL | (34,284,935) | - |
| Net repayment of finance lease liabilities | - | (13,727) |
| Net repayment of term financing | - | (3,277,952) |
| Dividends paid | (12,356,407) | - |
| Net cash used in financing activities | (46,641,342) | (3,291,679) |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (5,153,318) | (23,250,090) |
| Net Effect of changes in foreign exchange rate | 682,414 | (268,161) |
| CASH AND CASH EQUIVALENTS AT BEGINNING | 26,616,760 | 140,951,489 |
| CASH AND CASH EQUIVALENTS AT END | 22,145,856 | 117,433,238 |
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
UNAUDITED CONDENSED STATEMENT OF CASH FLOWS (cont'd)
| Cumulative Quarter | ||
|---|---|---|
| 31 March 2026 (a) RM | 31 March 2025 RM | |
| Cash and cash equivalents included in the statement of cash flows comprise the following balance sheet amounts: | ||
| Short term funds with licensed financial institution and/or established asset management firm | 177,917,620 | 96,742,648 |
| Short term money market deposits | 13,898,958 | 15,750,228 |
| Cash and bank balances | 8,244,440 | 4,940,362 |
| 200,061,018 | 117,433,238 | |
| Less: Short term funds with licensed financial institution and/or established asset management firm | (177,915,162) | - |
| CASH AND CASH EQUIVALENTS AT END | 22,145,856 | 117,433,238 |
Notes:
(a) The unaudited condensed statement of cash flows should be read in conjunction with the Group's audited financial statements for the FYE 2025 and the accompanying explanatory notes.
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
UNAUDITED CONDENSED STATEMENT OF CHANGES IN EQUITY
| Attributable to Owners of the Company | Distributable | |||||
|---|---|---|---|---|---|---|
| Share Capital RM | ESS Reserve RM | Non-distributable | Merged Deficit RM | Revaluation Reserve RM | Total Equity RM | |
| Period ended 31 March 2026 | ||||||
| Balance as at 1 January 2026 | 390,829,620 | 118,492 | (38,486,932) | 20,843,735 | 143,491,020 | 516,795,935 |
| ESS reserve | - | - | - | - | - | - |
| Profit after taxation | - | - | - | - | 9,176,845 | 9,176,845 |
| Total comprehensive income/(loss) | - | - | - | (135,164) | 135,164 | - |
| Dividends paid / payable | - | - | - | - | (26,013,488) | (26,013,488) |
| Balance as at 31 March 2026 | 390,829,620 | 118,492 | (38,486,932) | 20,708,571 | 126,789,541 | 499,959,292 |
| Period ended 31 March 2025 | ||||||
| Balance as at 1 January 2025 | 390,985,101 | 402,874 | (38,486,932) | 5,828,767 | 129,602,498 | 488,332,308 |
| ESS reserve | 78,995 | (78,995) | - | - | - | - |
| Profit after taxation | - | - | - | - | 16,097,693 | 16,097,693 |
| Total comprehensive income/(loss) | - | - | - | (46,880) | 46,880 | - |
| Dividends paid / payable | - | - | - | - | - | - |
| Balance as at 31 March 2025 | 391,064,096 | 323,879 | (38,486,932) | 5,781,887 | 145,747,071 | 504,430,001 |
Notes:
(a) The Unaudited Condensed Statement of Changes in Equity should be read in conjunction with the Group's audited financial statement for the FYE 2025 and the accompanying explanatory notes attached to this financial report.
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS
EXPLANATORY NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 MARCH 2026
A1. Basis of Preparation
The financial statements of Aurelius Technologies Berhad ("ATech" or "Company") and BCM Electronics Corporation Sdn. Bhd. ("BCM Electronics"), the Company's sole subsidiary (collectively, "the Group"), are unaudited and has been prepared in accordance with the Malaysian Financial Reporting Standards ("MFRS") 134 Interim Financial Reporting issued by the Malaysian Accounting Standards Board ("MASB") and Paragraph 9.22 and Appendix 9B of the Main Market Listing Requirement of Bursa Malaysia Securities Berhad ("Main LR").
The accounting policies and methods of computation adopted by the Group in these unaudited condensed financial statements are consistent with those adopted in the audited financial statements of the Group for the financial year ended 31 December 2025. The financial statements should be read in conjunction with the consolidated financial information and the audited financial statements of the Group for the financial year ended 31 December 2025.
A2. Changes in 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 following new accounting standards/amendments to MFRSs that have been issued by the MASB but are not yet effective for the current financial year:
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
- Amendment to 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
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, except for MFRS 18 Presentation and Disclosure in Financial Statements.
A3. Auditors' Report on Preceding Annual Financial Statements
The auditors' reports to the respective members of ATech and BCM Electronics on the financial statements for the FYE 2025 were not subject to any qualification.
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
A4. Seasonal or Cyclical Factors
The Group's revenues are typically lower in the first half of financial year arising from customer planning and orders cycle. For the first quarter of the year ending 2026 ("Q1"), the Group's revenue decline was mainly attributable to (a) customary seasonal slowdowns, (b) selective supply chain disruptions, and (c) slower orderbook replenishment.
A5. Unusual Items
There were no unusual items affecting the assets, liabilities, equity, net income or cash flows of the Group during the financial quarter under review.
A6. Material Changes in Estimates
There was no change in the estimate of amounts reported that have a material effect in the financial quarter under review.
A7. Debt and Equity Securities
There was no other issuance, cancellation, repurchase, resale, and repayment of debt and equity securities by the Company for the financial quarter under review.
A8. Segmental Reporting
The management determines the business segments based on the reports reviewed and used by the management for strategic decision-making and resource allocation.
No segmental analysis by business segment is prepared as the Group operates predominantly in the electronic manufacturing services ("EMS") sector focusing on industrial electronic products, namely communications and IoT products, electronics devices, semiconductor components and the new inclusion of electronic components for automotive industry – which the Group is currently undertaking various new product initiatives ("NPI").
Revenue segmented by products
| Individual Quarter | Cumulative Quarter | |||
|---|---|---|---|---|
| Current Year Quarter | Preceding Year Corresponding Quarter | Current Year To Date | Preceding Year Corresponding Period | |
| 31 March 2026 | 31 March 2025 | 31 March 2026 | 31 March 2025 | |
| RM | RM | RM | RM | |
| Communications and IoT products | 112,615,726 | 124,565,566 | 112,615,726 | 124,565,566 |
| Electronics devices | 8,987,795 | 15,233,120 | 8,987,795 | 15,233,120 |
| Electronic components for automotive industry | 3,567,639 | - | 3,567,639 | - |
| Semiconductor components | 5,247,271 | 8,054,681 | 5,247,271 | 8,054,681 |
| 130,418,431 | 147,853,367 | 130,418,431 | 147,853,367 |
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
Revenue segmented by geographical markets
| Individual Quarter | Cumulative Quarter | |||
|---|---|---|---|---|
| Current Year Quarter | ||||
| 31 March 2026 | ||||
| RM | Preceding Year Corresponding Quarter | |||
| 31 March 2025 | ||||
| RM | Current Year To Date | |||
| 31 March 2026 | ||||
| RM | Preceding Year Corresponding Period | |||
| 31 March 2025 | ||||
| RM | ||||
| MALAYSIA | 28,505,189 | 33,270,421 | 28,505,189 | 33,270,421 |
| AMERICAS | 83,040,756 | 88,139,185 | 83,040,756 | 88,139,185 |
| ASIA PACIFIC (excluding Malaysia) | 11,435,181 | 17,553,624 | 11,435,181 | 17,553,624 |
| EUROPE | 7,437,305 | 8,890,137 | 7,437,305 | 8,890,137 |
| 130,418,431 | 147,853,367 | 130,418,431 | 147,853,367 |
A9. Dividends Paid
The third interim single-tier dividend of 0.95 sen per ordinary share for the FYE 2025 amounting to RM12.35 million was declared on 28 November 2025 and paid on 8 January 2026.
The fourth and final special single-tier dividend of 2.0 sen per ordinary share for the FYE 2025 amounting to RM26.0 million was declared on 27 February 2026 and paid on 7 April 2026.
Save as disclosed above, there was no other dividend paid during the current financial quarter under review.
A10. Property, Plant and Equipment
The Group did not carry out any revaluation of its property, plant and equipment in the current quarter under review.
A11. Capital Commitments
| | Unaudited
As at
31 March 2026
RM | Audited
As at
31 December 2025
RM |
| --- | --- | --- |
| Contracted but not provided for: | | |
| - Property, plant and equipment | 1,608,467 | 2,097,193 |
| Approved but not provided for: | | |
| - Property, plant and equipment | 13,832,175 | 15,510,327 |
| | 15,440,642 | 17,607,520 |
A12. Changes in the Composition of the Group
There was no change in the composition of the Group during the financial quarter under review.
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
A13. Contingent Liabilities
| | Unaudited
as at 31 March 2026
RM | Audited
as at 31 December 2025
RM |
| --- | --- | --- |
| Corporate guarantees issued to financial institutions for banking facilities granted to a subsidiary | | |
| - Limit | 178,497,190 | 182,590,245 |
| - Maximum exposure | 1,444,041 | 34,345,516 |
Save as disclosed above, there were no other contingent liabilities during the financial quarter under review.
A14. Significant Related Party Transactions
There was no related party transaction during the financial quarter under review.
A15. Financial Instruments
The table below provides an analysis of financial instruments categorized as amortized cost ("AC") and fair value through profit or loss ("FVTPL").
| | Carrying amount
RM | AC
RM | FVTPL
RM |
| --- | --- | --- | --- |
| Unaudited as at 31 March 2026: | | | |
| Financial assets | | | |
| Trade and other receivables excluding prepayments | 123,360,770 | 123,360,770 | - |
| Short term investments | 177,917,620 | - | 177,917,620 |
| Cash and bank balances | 22,143,398 | 22,143,398 | - |
| | 323,421,788 | 145,504,168 | 177,917,620 |
| Financial liabilities | | | |
| Trade and other payables | 150,438,155 | 150,438,155 | - |
| | 150,438,155 | 150,438,155 | - |
| Audited as at 31 December 2025: | | | |
| Financial assets | | | |
| Trade and other receivables excluding prepayments | 146,971,462 | 146,971,462 | - |
| Short term investments | 189,773,618 | - | 189,773,618 |
| Cash and bank balances | 26,615,105 | 26,615,105 | - |
| | 363,360,185 | 173,586,567 | 189,773,618 |
| Financial liabilities | | | |
| Trade and other payables | 141,630,444 | 141,630,444 | - |
| Borrowings | 34,139,816 | 34,139,816 | - |
| | 175,770,260 | 175,770,260 | - |
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
A16. Material Events Subsequent to the end of the Quarter
There was no material event subsequent to the end of the financial quarter under review.
13
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
B. ADDITIONAL INFORMATION REQUIRED BY BURSA SECURITIES
B1. Review of Performance
| Individual Period (a) (1st quarter) | Changes (Amount/%) | Cumulative Period (b) | Changes (Amount/%) | |||
|---|---|---|---|---|---|---|
| Current Year Quarter | Preceding Year Corresponding Quarter | Current Year To-date | Preceding Year Corresponding Period | |||
| 31 March 2026 | 31 March 2025 | 31 March 2026 | 31 March 2025 | |||
| Revenue | 130,418,431 | 147,853,367 | -11.8 | 130,418,431 | 147,853,367 | -11.8 |
| Gross Profit | 15,604,811 | 22,544,603 | -30.8 | 15,604,811 | 22,544,603 | -30.8 |
| Profit Before Interest and Tax | 12,022,692 | 20,408,433 | -41.1 | 12,022,692 | 20,408,433 | -41.1 |
| Profit Before Tax | 12,044,329 | 20,814,385 | -42.1 | 12,044,329 | 20,814,385 | -42.1 |
| Profit After Tax | 9,176,845 | 16,097,693 | -43.0 | 9,176,845 | 16,097,693 | -43.0 |
| Profit Attributable to Ordinary Equity Holder of the Parent | 9,176,845 | 16,097,693 | -43.0 | 9,176,845 | 16,097,693 | -43.0 |
(a) Results for the current financial quarter and financial year-to-date
For the current financial quarter under review, the Group recorded a revenue of RM130.4 million, representing a decrease of $11.8\%$ as compared to the corresponding financial quarter of the preceding year. The communication and IoT products contributed RM112.6 million $(86.4\%)$ , whilst the electronics devices and semiconductor components contributed RM9.0 million $(6.9\%)$ and RM5.2 million $(4.0\%)$ respectively. The Group disclosed the new electronic components for automotive industry having contributed RM3.6 million $(2.7\%)$ . In the preceding year's corresponding financial quarter, the Group recorded a revenue of RM147.9 million. Communication and IoT products contributed RM124.5 million $(84.2\%)$ , electronics devices contributed RM15.2 million $(10.3\%)$ and semiconductor components contributed the balance of RM8.1 million $(5.5\%)$ .
The Group recorded a gross profit and profit before tax ("PBT") of RM15.6 million and RM12.0 million in the current financial quarter as compared to the gross profit and PBT of RM22.5 million and RM20.8 million respectively for the corresponding financial quarter of the preceding year. The Group registered a relatively lower gross profit margin and PBT compared to the corresponding financial quarter of preceding year – mainly due to the weakening of United States dollar ("USD") against Ringgit Malaysia ("RM").
B2. Comparison with Immediate Preceding Quarter's Results
| Current Quarter 31 March 2026 | Immediate Preceding Quarter 31 December 2025 | Changes (Amount/%) | |
|---|---|---|---|
| Revenue | 130,418,431 | 164,831,635 | -20.9 |
| Gross Profit | 15,604,811 | 25,701,735 | -39.3 |
| Profit Before Interest and Tax | 12,022,692 | 21,665,123 | -44.5 |
| Profit Before Tax | 12,044,329 | 21,678,311 | -44.4 |
| Profit After Tax | 9,176,845 | 16,591,714 | -44.7 |
| Profit Attributable to Ordinary Equity Holder of the Parent | 9,176,845 | 16,591,714 | -44.7 |
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
The Group recorded a revenue and profit after tax ("PAT") of RM130.4 million and RM9.2 million in the current financial quarter as compared to the revenue and PAT of RM164.8 million and RM16.6 million respectively for the immediate preceding financial quarter.
The revenue and PAT for the financial quarter under review was lower than the preceding quarter. This can be attributed to a combination of factors, including (a) customary seasonal slowdowns, (b) various festive celebration and public holidays, and (c) the further weakening of USD against RM, which collectively diluted the Group's overall profitability.
Save as disclosed above, the Group did not record any other business transactions that resulted in the material disposal of investment or properties, one-off gain or loss, or revaluation gain or loss in the financial quarter under review.
B3. Prospects for the Group
In line with the global EMS industry, the Group continues to face persistent challenges from disruptions to global rules-based order, global economic uncertainties, geopolitical tensions, supply chain and market volatilities.
The prolonged Iran war and restrictions of Strait of Hormuz may put further strain on the supply chain of the EMS industry.
On the domestic front, the Group is being further challenged by a concurrent combination of (a) declining revenue from the weaker USD against RM and (b) higher operational cost due to inflationary adjustments whilst the Group continues to work closely with its customers to optimise pricing and services as we align towards preserving sustainable margins and long-term business resilience.
Amid these headwinds, the Group continues to adopt a prudent and cautious approach, with continued emphasis on maintaining a lean organisation and implementing just-in-time inventory management, while increasing its focus on strategic investments to enhance and strengthen its technological infrastructures and capabilities to enable the new growth opportunities with both (a) existing long-term customers and (b) potential new customers.
Looking ahead, the Group remains focused on executing its long-term growth strategies, including (a) the roll-out of NPI activities involving advanced IoT, electronic components for automotive industry, and AI related products and (b) ongoing efforts to secure new customers and diversify the customer base, particularly for the P5, are progressing in line with the Group's strategic plans.
In complementing the Group's advanced IoT and AI related products offerings, the Group plans to add precision plastic solutions to enhance its overall solutions offerings to customers.
In addition, the Group continues to prioritise disciplined cost management, operational efficiency enhancement, and prudent capital structure optimisation to strengthen financial resilience of the Group and maximise long-term shareholders' value despite the prevailing market uncertainties.
The Group's order book is approximately RM450.9 million as of 11 May 2026.
Barring any unforeseen circumstances in executing our existing orders, onboarding of potential new customers, NPI commercialisations, rising global economic uncertainties, further volatility of foreign exchange, potential escalation of global trade wars and potential escalation of geopolitical conflicts, we maintain a cautiously optimistic outlook on the Group's performance for the financial year ended 31 December 2026.
15
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
B4. Note to the Statement of Profit and Loss & Other Comprehensive Income
| Current quarter ended | Cumulative quarter ended | |||
|---|---|---|---|---|
| 31 March 2026 RM | 31 March 2025 RM | 31 March 2026 RM | 31 March 2025 RM | |
| After Charging: | ||||
| Depreciation of property, plant and equipment | 3,833,510 | 3,658,547 | 3,833,510 | 3,658,547 |
| Employee benefits expenses | 12,080,746 | 13,486,594 | 12,080,746 | 13,486,594 |
| Expenses relating to lease of low value assets | 2,932 | 11,716 | 2,932 | 11,716 |
| Expenses relating to short-term leases | 9,000 | 9,000 | 9,000 | 9,000 |
| Fair value loss on short term investment | 969,938 | - | 969,938 | - |
| Interest expenses on: | ||||
| - Finance lease | - | 1,611 | - | 1,611 |
| - Term financing | - | 43,226 | - | 43,226 |
| - Bankers acceptances and OFCL | 115,417 | - | 115,417 | - |
| Loss on foreign exchange: | ||||
| - Realised | 3,591,502 | - | 3,591,502 | - |
| - Unrealised | - | 2,087,164 | - | 2,087,164 |
| And crediting: | ||||
| Gain on disposal of property, plant and equipment | 98,000 | - | 98,000 | - |
| Gain on foreign exchange: | ||||
| - Realised | - | 1,877,156 | - | 1,877,156 |
| - Unrealised | 1,936,166 | - | 1,936,166 | - |
| Fair value gain on short term investments * | - | 1,010,560 | - | 1,010,560 |
| Short term investments income | 1,656,938 | - | 1,656,938 | - |
| Interest income | 137,054 | 450,789 | 137,054 | 450,789 |
| *Included in Other Income |
Save as disclosed above, there is no other provision for and/or write-off of receivables, and impairment of assets, for the financial quarter under review.
B5. Taxation
| Current Quarter ended | Cumulative quarter ended | |||
|---|---|---|---|---|
| 31 March 2026 RM | 31 March 2025 RM | 31 March 2026 RM | 31 March 2025 RM | |
| Current period income tax | 1,216,416 | 5,410,378 | 1,216,416 | 5,410,378 |
| Deferred tax | 1,651,068 | (693,686) | 1,651,068 | (693,686) |
| 2,867,484 | 4,716,692 | 2,867,484 | 4,716,692 |
The Group's effective tax rate for the current financial quarter and cumulative financial quarter under review was marginally lower than the statutory tax rate. This was mainly attributable to a combination of utilisation of deferred tax assets and non-taxable income for tax purposes during the current financial quarter.
B6. Profit Forecast or Profit Guarantee
The Group did not issue any profit forecast or profit guarantee in respect of any corporate proposals.
B7. Status of Corporate Proposals
There was no corporate proposal announced by the Company in the financial quarter under review.
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
B8. Group's Borrowings and Debts Securities
The details of the Group's borrowings as at 31 March 2026 are as follows:
| As at 1st quarter FYE 31 December 2026 | ||||||
|---|---|---|---|---|---|---|
| Long term | Short term | Total borrowing | ||||
| Foreign denomination | RM denomination | Foreign denomination | RM denomination | Foreign denomination | RM denomination | |
| Secured: Finance lease | - | - | - | - | - | - |
| Total | - | - | - | - | - | - |
| As at 1st quarter FYE 31 December 2025 | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| Long term | Short term | Total borrowing | ||||
| Foreign denomination | RM denomination | Foreign denomination | RM denomination | Foreign denomination | RM denomination | |
| Secured: Finance lease | - | 94,053 | - | 56,377 | - | 150,430 |
| Total | - | 94,053 | - | 56,377 | - | 150,430 |
There were no outstanding foreign currency denominated facilities as at 31 March 2026.
The Group did not enter into any other new borrowing/financing facilities and financial hedging instruments as at the date of this quarterly report.
There was no significant change in the total borrowing/financing facilities as compared to the preceding quarter.
Save as disclosed above, there was no unsecured borrowing/financing facilities during the financial quarter under review.
B9. Material Litigation
There was no material litigation by the Company during the financial quarter under review.
B10. Dividend
The first interim single-tier dividend of 0.65 sen per ordinary share for the FYE 2026 amounting to RM8.5 million was declared on 29 May 2026 and to be paid on 7 July 2026.
Save as disclosed above, there was no other dividend declared during the current financial quarter under review.
17
ATECH
AURELIUS TECHNOLOGIES BERHAD
(Registration No: 202101005015 (1405314-D))
B11. Earning Per Shares ("EPS")
The basic EPS for the current financial quarter and financial year-to-date is computed as follows:
The calculation of earnings per ordinary share is calculated based on the profit attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding at the respective individual financial quarters as follows:
| Individual Quarter | Cumulative Quarter | |||
|---|---|---|---|---|
| 31 March 2026 | 31 March 2025 | 31 March 2026 | 31 March 2025 | |
| (i) Basic EPS | ||||
| Profit attributable to ordinary equity owners of the Company (RM) | 9,176,845 | 16,097,693 | 9,176,845 | 16,097,693 |
| Earnings per ordinary share attributable to owners of the Company | ||||
| Weighted average number of ordinary shares | 1,300,674,400 | 1,300,431,066 | 1,300,674,400 | 1,300,431,066 |
| Earnings per ordinary share (sen) | 0.71 | 1.24 (a) | 0.71 | 1.24 (a) |
| (ii) Diluted EPS | ||||
| Profit attributable to ordinary equity owners of the Company (RM) | 9,176,845 | 16,097,693 | 9,176,845 | 16,097,693 |
| Earnings per ordinary share attributable to owners of the Company | ||||
| Weighted average number of ordinary shares | 1,300,899,400 | 1,301,046,066 | 1,300,899,400 | 1,301,046,066 |
| Earnings per ordinary share (sen) | 0.71 | 1.24 (a) | 0.71 | 1.24 (a) |
(a) For comparative purposes, the basic EPS and diluted EPS per share for the financial quarter and cumulative financial quarter for the FYE 2025 had been adjusted to reflect the completion of Bonus Issue.
B12. Fair Value of Financial Liabilities
Save as disclosed in A15, there was no other gain or loss arising from fair value changes of financial liabilities for the current financial quarter under review as the Group did not have any financial liabilities measured at fair value.
18