BINASAT COMMUNICATIONS BERHAD — Earnings Release 2026

May 24, 2026

BiNa

FOR IMMEDIATE RELEASE

BINASAT COMMUNICATIONS BERHAD ANNOUNCES REVENUE OF RM32.9 MILLION FOR THE FIRST QUARTER OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2026

Kuala Lumpur, May 25, 2026 – Binasat Communications Berhad ("BINACOM" or "the Group") announced a consolidated revenue of RM32.9 million for the first quarter of the financial year ended 31 December 2026 ("1QFY2026"). The lower revenue in 1QFY2026 compared to RM38.4 million in the immediate preceding quarter ended 31 December 2025 ("4QFY2025") was due mainly to lower activities in the satellite, mobile and fibre optic telecommunication networks and others segment. The Group recorded a profit after taxation of RM0.8 million compared to a loss after taxation of RM1.1 million in 4QFY2025 due mainly to 1QFY2026 registering a more favourable margin mix as compared to the immediate preceding quarter.

Commenting on BINACOM's performance, Mr. Ong Soon Lim, the Group Managing Director said "The Group commenced the financial year ending 31 December 2026 ("FY2026") with encouraging momentum, registering improved profitability despite lower revenue compared to the immediate preceding quarter. The performance reflects a continued shift towards higher-margin projects, stronger cost discipline and improved operational execution, resulting in enhanced earnings quality. The absence of the one-off impairment recorded in the previous financial year has further supported the Group's stronger earnings base. Overall, the first quarter of FY2026 marks an encouraging start and establishes a firm foundation for progressive improvement in the subsequent quarters.

Looking ahead, the Board is confident that FY2026 will be a year of sustained earnings progression, supported by a healthy order book, recently secured contracts and improving conversion of the project pipeline. The Group's strategic diversification into property-related activities, as previously announced, is expected to complement its core telecommunications businesses by broadening its earnings base and enhancing long-term growth visibility. With stronger operational execution, improving margins and a more diversified revenue stream, the Group is positioned to deliver progressively stronger performance over the course of FY2026."

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ABOUT BINACOM

We operate within the support services for the telecommunication network industry in Malaysia. The Group is involved in the provision of:

a) Supporting services for the three (3) major telecommunications network mediums in Malaysia, namely satellite, mobile and fiber optic telecommunications networks and;

b) Providing services such as Very Small Aperture Terminal ("VSAT") Network Engineering Services, Mobile Network Engineering Services, Fiber Network Engineering Services, Satellite Hub / Teleport & Digital Satellite News Gathering Services, Power and telecommunication infrastructure works.

BINACOM has over 400 employees and a proven track record of more than 13 years, BINACOM strives to deliver timely and quality services to our customers in Malaysia. The Group is currently servicing 6,000 overall VSAT (Very Small Aperture Terminal) ground stations, 52 support center and 10,500 mobile Base Transceiver Station sites.

For more information about BINACOM, please visit www.binacom.com.my