CREST GROUP BERHAD — Interim / Quarterly Report 2026

May 17, 2026

CREST GROUP BERHAD

Registration No. 202301031031 (1524954-M)

(Incorporated in Malaysia)

UNAUDITED INTERIM FINANCIAL REPORT FIRST QUARTER ENDED 31 MARCH 2026

MBSB Investment Bank Berhad (formerly known as MIDF Amanah Investment Bank Berhad) ("MBSB IB"), was the Principal Adviser for the admission of Crest Group Berhad ("Crest Group") to the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 9 October 2024 and is the Sponsor of Crest Group Berhad. Pursuant to Rule 4.27 of the ACE Market Listing Requirements of Bursa Securities, MBSB IB has reviewed this document to ensure compliance with the ACE Market Listing Requirements of Bursa Securities. MBSB IB does not assume responsibility for the contents of this document.

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
cresl

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

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE QUARTER ENDED 31 MARCH 2026¹

| | Individual Quarter
3 months ended | | Cumulative Quarter
3 months ended | |
| --- | --- | --- | --- | --- |
| | 31 March 2026
(Unaudited)
RM'000 | 31 March 2025
(Unaudited)
RM'000 | 31 March 2026
(Unaudited)
RM'000 | 31 March 2025
(Unaudited)
RM'000 |
| Revenue | 38,628 | 32,707 | 38,628 | 32,707 |
| Cost of sales | (28,591) | (23,862) | (28,591) | (23,862) |
| Gross profit | 10,037 | 8,845 | 10,037 | 8,845 |
| Other income | 598 | 317 | 598 | 317 |
| Administrative expenses | (4,161) | (3,560) | (4,161) | (3,560) |
| Sales and marketing expenses | (3,779) | (3,199) | (3,779) | (3,199) |
| Net impairment (losses)/gain on financial instruments | (20) | 94 | (20) | 94 |
| Finance costs | (14) | (24) | (14) | (24) |
| Profit before tax | 2,661 | 2,473 | 2,661 | 2,473 |
| Income tax expenses | (652) | (758) | (652) | (758) |
| Profit for the financial period | 2,009 | 1,715 | 2,009 | 1,715 |
| Other comprehensive income, net of tax | | | | |
| Item that may be subsequently reclassified to profit or loss: | | | | |
| Exchange differences on translation of foreign operations | (34) | (56) | (34) | (56) |
| Other comprehensive loss for the financial period | (34) | (56) | (34) | (56) |
| Total comprehensive income for the financial period | 1,975 | 1,659 | 1,975 | 1,659 |
| Profit attributable to: | | | | |
| Owners of the Company | 2,006 | 1,698 | 2,006 | 1,698 |
| Non-controlling interests | 3 | 17 | 3 | 17 |
| | 2,009 | 1,715 | 2,009 | 1,715 |
| Total comprehensive income attributable to: | | | | |
| Owners of the Company | 1,955 | 1,654 | 1,955 | 1,654 |
| Non-controlling interests | 20 | 5 | 20 | 5 |
| | 1,975 | 1,659 | 1,975 | 1,659 |
| Earnings per share: | | | | |
| Basic and diluted (sen)² | 0.23 | 0.20 | 0.23 | 0.20 |

¹ Including financial investment in the Company, the total of the total comprehensive income, net of tax, and the total comprehensive income from the 2023-2026 period are shown in Table 1.

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

Notes:

(1) The basis of preparation of the Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income is disclosed in Note A1 of the notes to this interim financial report and should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached in this interim financial report.

(2) Basic and diluted earnings per share is calculated based on the weighted average number of ordinary shares in the Company (“Shares”).

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026¹

	31 March 2026 (Unaudited) RM'000	31 December 2025 (Audited) RM'000
Non-current assets
Property, plant and equipment	27,698	28,285
Right-of-use assets	240	322
Trade and other receivables	125	185
Deferred tax assets	197	203
Total non-current assets	28,260	28,995
Current assets
Inventories	18,655	12,169
Current tax assets	1,507	2,645
Trade and other receivables	50,710	56,854
Contract assets	2,108	5,319
Derivative financial assets	29	-
Cash and short-term deposits	53,818	59,335
Total current assets	126,827	136,322
TOTAL ASSETS	155,087	165,317
EQUITY AND LIABILITIES
Equity attributable to owners of the Company
Share capital	79,430	79,430
Irredeemable preference shares	911	911
Reorganisation reserve	(32,754)	(32,751)
Other reserves	535	864
Retained earnings	66,200	63,913
	114,322	112,367
Non-controlling interests	4,151	4,131
TOTAL EQUITY	118,473	116,498
Non-current liabilities
Loans and borrowings	1,178	1,271
Provisions	866	838
Deferred tax liabilities	457	418
Total non-current liabilities	2,501	2,527
Current liabilities
Loans and borrowings	751	667
Derivative financial liabilities	-	7
Trade and other payables	31,726	44,400
Current tax liabilities	50	109
Contract liabilities	1,586	1,109
Total current liabilities	34,113	46,292
TOTAL LIABILITIES	36,614	48,819
TOTAL EQUITY AND LIABILITIES	155,087	165,317
Net assets per Share attributable to owners of the Company (RM)²	0.13	0.13

3

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

Notes:

(1) The basis of preparation of the Condensed Consolidated Statement of Financial Position is disclosed in Note A1 of the notes to this interim financial report and should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached in this interim financial report.

(2) Net assets per Share is calculated based on the number of Shares in the Company comprising 865,598,000 Shares.

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED 31 MARCH 2026¹

	Attributable to owners of the Company
	Share capital RM'000	Preference shares RM'000	Reorganisation reserve RM'000	Other reserves RM'000	Retained earnings RM'000	Sub-total RM'000	Non-controlling interests RM'000	Total equity RM'000
At 1 January 2026	79,430	911	(32,751)	864	63,913	112,367	4,131	116,498
Total comprehensive income for the financial period
Profit for the financial period	-	-	-	-	2,006	2,006	3	2,009
Other comprehensive (loss)/profit for the financial period	-	-	-	(51)	-	(51)	17	(34)
Total comprehensive (loss)/income	-	-	-	(51)	2,006	1,955	20	1,975
Transactions with owners
Striking off of a subsidiary	-	-	(3)	(278)	281	-	-	*
Total transactions with owners	-	-	(3)	(278)	281	-	-	*
At 31 March 2026	79,430	911	(32,754)	535	66,200	114,322	4,151	118,473

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED 31 MARCH 2026¹ (Continued)

	Attributable to owners of the Company
	Share capital
RM'000	Preference
shares
RM'000	Reorganisation
reserve
RM'000	Other
reserves
RM'000	Retained
earnings
RM'000	Sub-total
RM'000	Non-controlling
interests
RM'000	Total
equity
RM'000
At 1 January 2025	79,430	911	(32,751)	1,494	55,780	104,864	4,008	108,872
Total comprehensive income
for the financial year
Profit for the financial year	-	-	-	-	11,639	11,639	724	12,363
Other comprehensive loss
for the financial year	-	-	-	(847)	-	(847)	(240)	(1,087)
Total comprehensive (loss)/income	-	-	-	(847)	11,639	10,792	484	11,276
Transactions with owners
Issuance of ordinary shares	-	-	-	-	-	-	350	350
Dividend paid	-	-	-	-	(3,289)	(3,289)	-	(3,289)
Dividend paid to
non-controlling interest
of subsidiaries	-	-	-	-	-	-	(711)	(711)
Transfer to statutory reserve	-	-	-	217	(217)	-	-	-
Total transactions with owners	-	-	-	217	(3,506)	(3,289)	(361)	(3,650)
At 31 December 2025	79,430	911	(32,751)	864	63,913	112,367	4,131	116,498

• Less than RM1,000

Note:
(1) The basis of preparation of the Unaudited Condensed Consolidated Statement of Changes in Equity is disclosed in Note A1 of the notes to this interim financial report and 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 this interim financial report.

6

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE QUARTER ENDED 31 MARCH 2026¹

| | Current year to-date
31 March 2026
(Unaudited)
RM'000 | Preceding year to-date
31 March 2025
(Unaudited)
RM'000 |
| --- | --- | --- |
| Cash flows from operating activities | | |
| Profit before tax | 2,661 | 2,473 |
| Adjustment for: | | |
| Depreciation of property, plant and equipment | 785 | 443 |
| Depreciation of right-of-use assets | 81 | 101 |
| Finance cost | 14 | 24 |
| Loss on disposal of property, plant and equipment | - | 2 |
| Interest income | (289) | (290) |
| Net fair value (gain)/loss on derivatives | (36) | 12 |
| Net impairment losses/
(reversal of impairment losses) on trade receivables | 20 | (94) |
| Net inventories written back | (31) | (100) |
| Net unrealised foreign exchange loss | 196 | 28 |
| Striking off of a subsidiary | * | - |
| Property, plant and equipment written off | 1 | - |
| Operating profit before changes in working capital | 3,402 | 2,599 |
| Changes in working capital: | | |
| Inventories | (6,454) | (1,944) |
| Trade and other receivables | 6,887 | 8,574 |
| Contract assets | 3,132 | - |
| Trade and other payables | (13,363) | (11,699) |
| Contract liabilities | 460 | 618 |
| Net cash used in operations | (5,936) | (1,852) |
| Interest received | 289 | 290 |
| Net Income tax refund/(paid) | 466 | (2,809) |
| Net cash used in operating activities | (5,181) | (4,371) |
| Cash flows from investing activities | | |
| Changes in pledged deposits | (79) | (44) |
| Purchase of property, plant and equipment | (238) | (517) |
| Proceeds from disposal of property, plant and equipment | - | 35 |
| Net cash used in investing activities | (317) | (526) |

7

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE QUARTER ENDED 31 MARCH 2026¹ (Continued)

| | Current year to-date
31 March 2026
(Unaudited)
RM'000 | Preceding year to-date
31 March 2025
(Unaudited)
RM'000 |
| --- | --- | --- |
| Cash flows from financing activities | | |
| Dividend paid to non-controlling interests | - | (288) |
| Interest paid | (14) | (24) |
| Net repayment of hire purchase | (77) | (74) |
| Net repayment of lease liabilities | (85) | (102) |
| Net drawdown of loan | 164 | - |
| Net cash used in financing activities | (12) | (488) |
| Net changes in cash and cash equivalents | (5,510) | (5,385) |
| Cash and cash equivalents at the beginning of the financial period | 53,007 | 72,706 |
| Effects of foreign exchange translation | (49) | 11 |
| Cash and cash equivalents at the end of the financial period | 47,448 | 67,332 |
| Cash and cash equivalents comprise: | | |
| Cash and bank balances | 26,785 | 30,759 |
| Deposit | 26,042 | 783 |
| Short term-deposits | 991 | 41,783 |
| | 53,818 | 73,325 |
| Less: Pledged deposits | (991) | (783) |
| Pledged short-term deposits | (5,379) | (5,210) |
| | 47,448 | 67,332 |

• Less than RM1,000

Note:

(1) The basis of preparation of the above Unaudited Condensed Consolidated Statement of Cash Flows is disclosed in Note A1 of the notes to this interim financial report and 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 this interim financial report.

8

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

A COMPLIANCE WITH MALAYSIAN FINANCIAL REPORTING STANDARDS (MFRS) 134: INTERIM FINANCIAL REPORTING AND THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("LISTING REQUIREMENTS")

A1 Basis of preparation

The interim financial report of Crest Group Berhad (the "Company") and its subsidiaries (collectively, the "Group") is unaudited and had been prepared in accordance with the requirements of the Malaysian Financial Reporting Standards ("MFRSs") 134 "Interim Financial Reporting" and Appendix 9B of the ACE Market Listing Requirements of Bursa Securities.

The interim financial report should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes to this interim financial report.

Statement of compliance

The accounting policies adopted by the Group in these unaudited condensed consolidated interim financial statements are consistent with audited financial statements of the Group for the financial year ended 31 December 2025, except for the adoption of the relevant new MFRSs, amendments to MFRSs and IC Interpretations that are effective for annual periods beginning on or after 1 January 2026. The adoption of the new MFRSs, amendments to MFRSs and IC Interpretations did not have any material impact on the financial position and results of the Group.

A2 Auditors' report on preceding annual financial statements

The auditors' report on the financial statements of the Group for the financial year ended 31 December 2025 was not subject to any qualification.

A3 Seasonal or cyclical factors

The Group's business operations were not subjected to any significant seasonal or cyclical factors.

A4 Material unusual items

There were no unusual items affecting assets, liabilities, equity, net income or cash flows during the current financial quarter.

A5 Material changes in estimates

There were no material changes in estimates which have a material effect on the results for the current financial quarter.

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

A6 Debt and equity securities

There were no issuance, cancellation, repurchase, resale and repayment of debt and equity securities during the current financial quarter.

A7 Dividends paid

No dividend was paid by the Company during the current financial quarter.

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10

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

A8 Segment information

The unaudited revenue by business segment information for the individual and cumulative quarter ended 31 March 2026 is as follows:

| | Individual Quarter
3 months ended | | | | Cumulative Quarter
3 months ended | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 31 March 2026
(Unaudited) | | 31 March 2025
(Unaudited) | | 31 March 2026
(Unaudited) | | 31 March 2025
(Unaudited) | |
| | RM'000 | % | RM'000 | % | RM'000 | % | RM'000 | % |
| Provision of imaging, analytical and test solutions | 30,189 | 78.15 | 26,502 | 81.03 | 30,189 | 78.15 | 26,502 | 81.03 |
| Provision of after- sales services | 8,439 | 21.85 | 6,205 | 18.97 | 8,439 | 21.85 | 6,205 | 18.97 |
| | 38,628 | 100.00 | 32,707 | 100.00 | 38,628 | 100.00 | 32,707 | 100.00 |

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

A9 Valuation of property, plant and equipment

There was no valuation of property, plant and equipment undertaken during the current financial quarter.

A10 Significant events subsequent to the end of the financial quarter

Save as disclosed in Note B9, there was no material event subsequent to the end of the financial quarter.

A11 Changes in the composition of the Group

There were no changes to the composition of the Group for the current financial quarter.

A12 Contingent liability

	31 March 2026 (Unaudited) RM'000	31 December 2025 (Audited) RM'000
Contingent liability
Secured performance guarantee given to customers for sales and equipment and spare parts	2,701	2,881

A13 Capital commitments

There were no material authorised capital and other commitments not provided for in the interim report as at end of the financial quarter.

A14 Related party transactions

	Individual Quarter 3 months ended		Cumulative Quarter 3 months ended
	31 March 2026 (Unaudited) RM'000	31 March 2025 (Unaudited) RM'000	31 March 2026 (Unaudited) RM'000	31 March 2025 (Unaudited) RM'000
Rental expenses
Entity in which directors have interests	158	158	158	158

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

A15 Fair value of financial instruments

Analysis of the Group's forward foreign exchange contracts are as follows:

	Notional amount (Unaudited) RM'000	Fair value assets (Unaudited) RM'000
- less than 1 year	1,230	(29)

Financial risk management objectives and policies

(a) Foreign currency risk

Foreign currency risk is the risk of fluctuation in fair value or future cash flows of a financial instrument resulting from changes in foreign exchange rates. The Group's exposure to the risk of changes in foreign exchange rates relates primarily to the Group's operating activities (when sales and purchases are denominated in a foreign currency).

Management has set up a policy that requires all companies within the Group to manage their treasury activities and exposures. The Group also takes advantage of any natural effects of its foreign currencies revenues and expenses by maintaining current accounts in foreign currencies.

(b) Credit risk

Forward foreign exchange contracts are executed only with credit-worthy financial institutions which are governed by appropriate policies and procedures.

(c) Capital Management

Forward foreign currency contracts entered into by the Group typically do not require any initial cash outlay. These contracts are settled upon maturity based on the agreed contractual terms. The Group maintains active oversight of its liquidity position to ensure that sufficient cash resources are available to meet any potential settlement obligations arising from these derivative instruments.

Related accounting policies

The forward foreign currency contracts are stated at fair value, using the prevailing market rates. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. Any gains or losses arising from changes in the fair value of derivatives are taken directly to the profit or loss.

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

B ADDITIONAL INFORMATION REQUIRED BY APPENDIX 9B OF THE LISTING REQUIREMENTS OF BURSA SECURITIES FOR THE ACE MARKET

B1 Review of performance

| | Individual Quarter
3 months ended | | Cumulative Quarter
3 months ended | |
| --- | --- | --- | --- | --- |
| | 31 March
2026
(Unaudited)
RM'000 | 31 March
2025
(Unaudited)
RM'000 | 31 March
2026
(Unaudited)
RM'000 | 31 March
2025
(Unaudited)
RM'000 |
| Revenue | 38,628 | 32,707 | 38,628 | 32,707 |
| Gross profit ("GP") | 10,037 | 8,845 | 10,037 | 8,845 |
| Profit before tax ("PBT") | 2,661 | 2,473 | 2,661 | 2,473 |
| Profit after tax ("PAT") | 2,009 | 1,715 | 2,009 | 1,715 |

Current quarter and Cumulative quarter (3 months)

For the financial quarter ended 31 March 2026, the Group recorded revenue of RM38.63 million, representing an increase of RM5.92 million or 18.10% compared to RM32.71 million in the previous year's corresponding quarter.

The provision of imaging, analytical and test solutions segment contributed RM30.19 million or 78.15% of total revenue, while the provision of after-sales services segment contributed RM8.44 million or 21.85% of total revenue. In the previous year's corresponding quarter, these segments contributed RM26.50 million or 81.03% and RM6.21 million or 18.97% of total revenue, respectively.

Sales of advanced imaging equipment was the largest contributor of the Group's revenue during the financial quarter ended 31 March 2026, contributing RM14.97 million or 38.75% of the total revenue, followed by sales of optical and portable equipment at RM7.23 million or 18.72%, and sales of advanced analytical and testing equipment at RM4.34 million or 11.23%.

Malaysia remained the Group's largest revenue contributor, accounting for RM17.24 million or 44.63% of total revenue for the financial quarter ended 31 March 2026, followed by Thailand with RM12.52 million or 32.41% and China with RM6.28 million or 16.26%.

GP for the current quarter increased by RM1.19 million or 13.45% to RM10.04 million from RM8.85 million in the previous year's corresponding quarter, primarily due to higher revenue. The GP margin declined to 25.99% from 27.06% in the previous year's corresponding quarter, mainly attributable to lower gross margins derived from the sales of advanced imaging equipment as well as the sales of optical and portable equipment.

PBT improved by RM0.19 million or 7.69%, to RM2.66 million for current financial quarter, compared to RM2.47 million in the corresponding quarter of the previous year, mainly due to higher GP which was partially offset by higher administrative and sales and marketing expenses.

PAT for the current quarter increased by RM0.29 million or 16.86% to RM2.01 million from RM1.72 million in the previous year's corresponding quarter.

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

B2 Comparison with immediate preceding quarter's results

| | Individual Quarter
3 months ended | |
| --- | --- | --- |
| | 31 March
2026
RM'000
(Unaudited) | 31 December
2025
RM'000
(Unaudited) |
| Revenue | 38,628 | 62,828 |
| Gross profit ("GP") | 10,037 | 17,657 |
| Profit before tax ("PBT") | 2,661 | 7,145 |
| Profit after tax ("PAT") | 2,009 | 3,857 |

The Group recorded revenue of RM38.63 million for the current financial quarter, representing a decrease of RM24.20 million or 38.52% compared to RM62.83 million in the immediate preceding quarter. The decrease was mainly attributable to lower sales of advanced analytical and testing equipment, optical and portable equipment and sample management equipment. The difference in revenue was primarily due to stronger sales recorded in the preceding quarter, driven mainly by customers' production expansion activities. Revenue in the current quarter was affected by customers deferring deliveries due to facility constraints, coupled with the timing of festive public holidays, including Chinese New Year and Hari Raya Aidilfitri, which resulted in delays in customer orders and deliveries in the current quarter.

GP decreased by RM7.62 million to RM10.04 million in the current financial quarter, compared to RM17.66 million in the immediate preceding quarter, mainly attributable to lower revenue and lower GP margin.

Consequently, PBT decreased by RM4.49 million or 62.80% from RM7.15 million in the immediate preceding quarter to RM2.66 million in the current financial quarter, mainly due to lower GP.

PAT decreased by RM1.85 million or 47.93% from RM3.86 million in the immediate preceding quarter to RM2.01 million in the current financial quarter in line with the decrease in PBT.

(The rest of this page is intentionally left blank.)

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

B3 Prospects

The Group continues to operate in an environment characterised by geopolitical uncertainties, evolving global trade policies and changing tariff regimes. Despite these external challenges, long-term structural growth drivers in artificial intelligence ("AI"), data centres, advanced packaging, optical transceivers and memory technologies are expected to continue supporting demand for imaging, analytical and testing solutions across key industries, including semiconductors, electrical & electronics ("E&E"), academia & research institutions as well as healthcare and life sciences.

The global semiconductor industry is expected to remain on a strong growth trajectory into 2026, following an exceptional performance in 2025. According to the World Semiconductor Trade Statistics (WSTS), global semiconductor sales grew by 26.2% year-on-year to approximately USD795.6 billion in 2025, driven primarily by robust demand in data centres infrastructure and artificial intelligence ("AI")-related applications.

Looking ahead, the global semiconductor market is projected to continue expanding towards the USD1 trillion milestone in 2026, supported by sustained investments in AI computing, cloud infrastructure and high-performance computing. In addition, improving conditions in the industrial segment and continued government-related spending are expected to provide further support to demand.

Malaysia's economy continues to demonstrate resilience, with Bank Negara Malaysia ("BNM") maintaining the Overnight Policy Rate at 2.75%. Major research houses expect BNM to keep the policy rate unchanged through 2026, supporting economic growth while preserving price stability amid manageable inflation. According to the Budget 2026 Economic Outlook, the Malaysian economy is projected to expand between 4.0% and 4.5% in 2026, underscoring its resilience despite external headwinds, including uncertainties arising from the US tariff environment.

In addition, ongoing national initiatives such as the National Semiconductor Strategy, New Industrial Master Plan 2030 and Government-Linked Investment Companies ("GLIC") investment programmes are expected to further strengthen the investment landscape, particularly in high-value sectors such as electrical and electronics and semiconductor-related industries which are aligned with the Group's business focus.

Notwithstanding the positive outlook, the Group remains mindful of potential risks, including global economic uncertainties, geopolitical developments and fluctuations in foreign exchange rates, which may impact customer spending patterns and project timelines.

Taking the above into consideration, the Group remains cautiously optimistic on its prospects for 2026. The Group will continue to focus on capturing opportunities arising from the semiconductor upcycle, particularly in advanced analytical and testing equipment, while strengthening its market position, enhancing operational efficiency and expanding its customer base to support sustainable growth.

B4 Profit forecast / Profit guarantee

The Group did not issue any profit forecast or profit guarantee for the current financial quarter.

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

B5 Taxation

| | Individual Quarter
3 months ended | | Cumulative Quarter
3 months ended | |
| --- | --- | --- | --- | --- |
| | 31 March
2026
(Unaudited)
RM'000 | 31 March
2025
(Unaudited)
RM'000 | 31 March
2026
(Unaudited)
RM'000 | 31 March
2025
(Unaudited)
RM'000 |
| Current tax | 613 | 740 | 613 | 740 |
| Deferred tax | 39 | 18 | 39 | 18 |
| Total | 652 | 758 | 652 | 758 |
| Effective tax rate (%) | 24.50¹ | 30.65² | 24.50¹ | 30.65² |
| Statutory tax rate (%) | 24.00 | 24.00 | 24.00 | 24.00 |

Notes:

(1) The effective tax rate of the Group for the current period was higher than the statutory tax rate principally due to certain expenses that were not deductible for tax purposes.

(2) The effective tax rate of the Group's tax charge for the previous year's corresponding quarter was above the statutory tax rate mainly due to certain subsidiaries incurred losses before tax, for which no corresponding tax deductions/allowances may be utilised by the subsidiaries.

B6 Status of corporate proposals and utilisation of proceeds

The listing of and quotation for the entire enlarged issued Shares of the Company on the ACE Market of Bursa Securities was completed on 9 October 2024. As at 11 May 2026, the status of utilisation of the total proceeds raised from initial public offering amounting to RM45.75 million are set out as follows:

	Proposed utilisation RM'000	Actual utilisation RM'000	Balance unutilised RM'000	Estimated time frame for utilisation upon Listing
Setup of a new centralised headquarters	15,762	(15,762)	-	Within 36 months
Business expansion	14,517	(720)	13,797	Within 36 months
Purchase of additional demonstration equipment*	5,868	(2,396)	3,472	Within 36 months
Expansion of technical support and maintenance team	3,600	(546)	3,054	Within 36 months
Estimated listing expenses	6,000	(6,000)	-	Within 3 months
	45,747	(25,424)	20,323

The proposed utilisation of the proceeds as disclosed above should be read in conjunction with the Company's prospectus dated 18 September 2024.

Note:

• In addition to the 1 unit of X-Ray imaging equipment, the Group purchased 1 unit of Electron Microscope Equipment which is part of Advanced Imaging Equipment.

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

B7 Borrowings

The Group's borrowings as at 31 March 2026 and 31 December 2025 are secured and interest-bearing. Total outstanding borrowings (excluding lease liabilities arising from right-of-use assets of RM0.25 million and RM0.34 million) stood at RM1.68 million and RM1.60 million as at 31 March 2026 and 31 December 2025 respectively, details of which are set out below:

	As at 31 March 2026 (Unaudited) RM'000	As at 31 December 2025 (Audited) RM'000
Current liabilities
Secured:
Term loan	292	135
Hire purchases	306	314
	598	449
Non-current liabilities
Secured:
Hire purchases	1,079	1,150
	1,079	1,150
Total borrowings	1,677	1,599
Denominated in:
Malaysia Ringgit	1,339	1,402
Thai Baht	338	197
	1,677	1,599

Borrowings denominated in foreign currencies are stated at Ringgit Malaysia equivalent as at the reporting date.

B8 Material litigation

The Group has no outstanding material litigation as at the date of this interim report.

B9 Dividends

On 22 April 2026, the Company declared an interim single-tier tax-exempt dividend of 0.41 sen per Share amounting to approximately RM3.55 million in respect of the financial year ending 31 December 2026. The dividend will be paid on 12 June 2026 to holders of Shares whose names appear in the Record of Depositors as at the close of business on 21 May 2026.

18

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

B10 Earnings per share

Basic earnings per Share

The basic earnings per Share for the current financial quarter and financial period is based on the profit for the financial period attributable to owners of the Company and the weighted average number of Shares outstanding during the financial period, calculated as follows:

	Individual Quarter 3 months ended		Cumulative Quarter 3 months ended
	31 March 2026 (Unaudited)	31 March 2025 (Unaudited)	31 March 2026 (Unaudited)	31 March 2025 (Unaudited)
Profit attributable to owners of the Company (RM'000)	2,006	1,698	2,006	1,698
Weighted average number of Shares ('000)	865,598	865,598	865,598	865,598
Basic earnings per Share (sen)	0.23	0.20	0.23	0.20

Diluted earnings per Share

The Group has no dilutive potential ordinary shares. As such, there is no dilution effect on the earnings per share of the Group.

19

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CREST GROUP BERHAD
(Registration No. 202301031031 (1524954-M))
(Incorporated in Malaysia)
crest

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

B11 Profit before taxation

| | Individual Quarter
3 months ended | | Cumulative Quarter
3 months ended | |
| --- | --- | --- | --- | --- |
| | 31 March 2026
(Unaudited)
RM'000 | 31 March 2025
(Unaudited)
RM'000 | 31 March 2026
(Unaudited)
RM'000 | 31 March 2025
(Unaudited)
RM'000 |
| Profit before tax is arrived at after
charging/(crediting): | | | | |
| Depreciation of property,
plant and equipment | 785 | 443 | 785 | 443 |
| Depreciation of right-of-use assets | 81 | 101 | 81 | 101 |
| Impairment loss on trade receivables | 20 | - | 20 | - |
| Interest expense | 14 | 24 | 14 | 24 |
| Interest income | (289) | (290) | (289) | (290) |
| Inventories written back | (31) | (100) | (31) | (100) |
| Loss on disposal of property,
plant and equipment | - | 2 | - | 2 |
| Net fair value (gain)/loss on derivatives | (36) | 12 | (36) | 12 |
| Net (gain)/loss on foreign exchange: | | | | |
| - realised | (252) | 207 | (252) | 207 |
| - unrealised | 196 | 28 | 196 | 28 |
| Other income - rebate | - | (8) | - | (8) |
| Other income - provident fund
and payment in lieu | (21) | (16) | (21) | (16) |
| Property, plant and equipment
written off | 1 | - | 1 | - |
| Reversal of impairment loss
on trade receivables | - | (94) | - | (94) |
| Striking off of a subsidiary | * | - | * | - |

• Less than RM1,000

Other disclosure items pursuant to Appendix 9B, Note 16 of the Listing Requirements are not applicable.

By order of the Board of Directors
Crest Group Berhad
18 May 2026