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D — Interim / Quarterly Report 2026
May 28, 2026
70473_rns_2026-05-28_7dc10d1e-c291-4537-8df6-c5a25432c8f3.pdf
Interim / Quarterly Report
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D'NONCE TECHNOLOGY BHD
20000110000077.50329218
D'NONCE GROUP OF COMPANIES
INTERIM FINANCIAL RESULTS
FOURTH QUARTER ENDED 31 MARCH 2026
D'ONCE TECHNOLOGY BHD
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026
| | Note | As At
31/03/2026
(Unaudited)
RM'000 | As At
31/03/2025
(Audited)
RM'000 |
| --- | --- | --- | --- |
| ASSETS | | | |
| Non-current assets | | | |
| Property, plant and equipment | | 171,514 | 161,878 |
| Investment properties | | 35,059 | 30,330 |
| Intangible assets | | 2,099 | 2,099 |
| Deferred tax assets | | 40 | 40 |
| Right-of-use assets | | 1,623 | 1,907 |
| | | 210,335 | 196,254 |
| Currents assets | | | |
| Inventories | | 29,532 | 24,421 |
| Trade and other receivables | | 51,652 | 44,643 |
| Contract assets | | - | 638 |
| Other investments | | 25,707 | 31,036 |
| Current tax assets | | 1,305 | 2,306 |
| Cash and bank balances | | 16,909 | 24,406 |
| | | 125,105 | 127,450 |
| TOTAL ASSETS | | 335,440 | 323,704 |
| EQUITY AND LIABILITIES | | | |
| Equity attributable to equity holders of the parent | | | |
| Share capital | | 135,404 | 135,404 |
| Reserves | | 72,218 | 69,623 |
| Retained earnings | | (4,292) | 4,173 |
| | | 203,330 | 209,200 |
| Non-controlling interests | | 6,574 | 5,439 |
| Total equity | | 209,904 | 214,639 |
D'ONCE TECHNOLOGY BHD
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2026 (Continued)
| | Note | As At
31/03/2026
(Unaudited)
RM'000 | As At
31/03/2025
(Audited)
RM'000 |
| --- | --- | --- | --- |
| Non-current liabilities | | | |
| Retirement benefit obligations | | 3,167 | 3,028 |
| Borrowings | 20 | 19,839 | 40,528 |
| Lease liabilities | | 1,298 | 1,385 |
| Deferred tax liabilities | | 14,982 | 12,941 |
| | | 39,286 | 57,882 |
| Current liabilities | | | |
| Borrowings | 20 | 51,526 | 26,018 |
| Lease liabilities | | 377 | 640 |
| Trade and other payables | | 33,619 | 24,525 |
| Current tax payable | | 728 | - |
| | | 86,250 | 51,183 |
| Total liabilities | | 125,536 | 109,065 |
| TOTAL EQUITY AND LIABILITIES | | 335,440 | 323,704 |
| Net assets per share attributable to owners
of the Company (RM) | | 0.23 | 0.24 |
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Audited Financial Statements for the financial year ended 31 March 2025 and the accompanying notes are an integral part of this statement.
Diconce TECHNOLOGY BHD
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 MARCH 2026
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| 3 months ended | 12 months ended | |||
| Note | 31/03/2026 RM'000 | 31/03/2025 RM'000 | 31/03/2026 RM'000 | 31/03/2025 RM'000 |
| Revenue | 51,491 | 49,003 | 199,066 | 198,257 |
| Operating expenses | (48,968) | (45,645) | (186,611) | (193,883) |
| Other income including investment income | 1,162 | (648) | 4,236 | 3,373 |
| Profit from operations | 3,685 | 2,710 | 16,691 | 7,747 |
| Depreciation | (2,975) | (2,581) | (10,307) | (10,578) |
| Fair value changes in derivatives | - | - | - | - |
| Fair value loss on other investments | (17,034) | (4,577) | (7,572) | (15,014) |
| Foreign exchange losses | (197) | (144) | (862) | (257) |
| Fair value gain on investment properties | 4,730 | 219 | 4,730 | 219 |
| Gain on disposal of property, plant and equipment | - | - | 176 | 39 |
| Impairment loss on property, plant and equipment | (3,657) | - | (3,657) | - |
| Gain/(Loss) on disposal of quoted or unquoted investments or properties | 9,043 | - | (101) | 2 |
| Impairment of assets | - | - | - | - |
| Interest expense | (1,002) | (702) | (3,887) | (2,976) |
| Interest income | 68 | 119 | 123 | 216 |
| Property, plant and equipment written off | - | (5) | - | (5) |
| Provision for and written back / (written off) of inventories | (120) | (329) | (123) | 270 |
| Provision for and (written off) / written back of receivables | (520) | (2,491) | (890) | (2,469) |
| Loss before taxation | (7,979) | (7,781) | (5,679) | (22,806) |
| Taxation | (1,193) | (1,590) | (1,718) | (1,664) |
| Loss for the period | (9,172) | (9,371) | (7,397) | (24,470) |
| Attributable to: | ||||
| Owner of the company | (9,232) | (9,071) | (7,246) | (24,105) |
| Non-controlling interests | 60 | (300) | (151) | (365) |
| (9,172) | (9,371) | (7,397) | (24,470) | |
| Earnings /(Loss) per share: | 23 | |||
| (a) Basic (sen) | (1.06) | (1.04) | (0.83) | (2.78) |
| (b) Fully Diluted (sen) | (1.06) | (1.04) | (0.83) | (2.78) |
The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Audited Financial Statements for the financial year ended 31 March 2025 and the accompanying notes are an integral part of this statement.
D'ONCE TECHNOLOGY BHD
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 MARCH 2026 (Continued)
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| 3 months ended | 12 months ended | |||
| 31/03/2026 RM'000 | 31/03/2025 RM'000 | 31/03/2026 RM'000 | 31/03/2025 RM'000 | |
| Note | ||||
| Loss for the period | (9,172) | (9,371) | (7,397) | (24,470) |
| Other comprehensive loss: | ||||
| Foreign currency translation differences for foreign operations | - | 321 | (3,245) | 647 |
| Revaluation of property, plant and equipment | 5,895 | - | 5,895 | - |
| Transfer of revaluation surplus to retained profits | 186 | 363 | 186 | 363 |
| Realisation of revaluation surplus upon depreciation | (186) | (363) | (186) | (363) |
| Realisation of revaluation surplus upon disposal | - | |||
| Remeasurement gain on retirement benefit obligations | - | - | ||
| Total comprehensive loss for the period | (3,277) | (9,050) | (4,747) | (23,823) |
| Attributable to: | ||||
| Owner of the Company | (3,337) | (8,750) | (4,596) | (23,458) |
| Non-controlling interests | 60 | (300) | (151) | (365) |
| (3,277) | (9,050) | (4,747) | (23,823) |
The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Audited Financial Statements for the financial year ended 31 March 2025 and the accompanying notes are an integral part of this statement.
D'ONCE TECHNOLOGY BHD
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 31 MARCH 2026
| Attributable to equity holders of the Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Non-distributable | Distributable | |||||||||
| Share Capital RM'000 | Other Capital Reserve RM'000 | Foreign Currency Translation Reserve RM'000 | Legal Reserve RM'000 | Warrant Reserve RM'000 | Revaluation Reserve RM'000 | Retained Earnings RM'000 | Total RM'000 | Non-controlling Interests RM'000 | Total Equity RM'000 | |
| At 1 April 2025 | 135,404 | 5,120 | 7,705 | 33 | 20,520 | 36,245 | 4,173 | 209,200 | 5,439 | 214,639 |
| Loss for the period | - | - | - | - | - | - | (7,246) | (7,246) | (151) | (7,397) |
| Transfer of revaluation surplus to retained profits | - | - | - | - | - | (55) | 186 | 131 | - | 131 |
| Other comprehensive loss | - | - | (3,245) | - | - | 5,895 | 2,650 | - | 2,650 | |
| Total comprehensive loss for the period | - | - | (3,245) | - | - | 5,840 | (7,060) | (4,465) | (151) | (4,616) |
| Arising from changes in equity interest in subsidiary company | - | - | - | - | - | - | (1,405) | (1,405) | 1,386 | (19) |
| Dividend paid by subsidiary | - | - | - | - | - | - | - | - | (100) | (100) |
| At 31 March 2026 | 135,404 | 5,120 | 4,460 | 33 | 20,520 | 42,085 | (4,292) | 203,330 | 6,574 | 209,904 |
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Audited Financial Statements for the financial year ended 31 March 2025 and the accompanying notes are an integral part of this statement.
Diconce TECHNOLOGY BHD
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 31 MARCH 2026 (Continued)
| ←——Attributable to equity holders of the Company→ | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Share Capital RM'000 | Other Capital Reserve RM'000 | Foreign Currency Translation Reserve RM'000 | Legal Reserve RM'000 | Warrant Reserve RM'000 | Revaluation Reserve RM'000 | Retained Earnings RM'000 | Total RM'000 | Non-controlling Interests RM'000 | Total Equity RM'000 | |
| At 1 April 2024 | 135,404 | 5,120 | 7,058 | 33 | 20,520 | 36,608 | 27,915 | 232,658 | 5,804 | 238,462 |
| Loss for the period | - | - | - | - | - | - | (24,105) | (24,105) | (365) | (24,470) |
| Other comprehensive income | - | - | 647 | - | - | (363) | 363 | 647 | - | 647 |
| Total comprehensive loss for the period | - | - | 647 | - | - | (363) | (23,742) | (23,458) | (365) | (23,823) |
| At 31 March 2025 | 135,404 | 5,120 | 7,705 | 33 | 20,520 | 36,245 | 4,173 | 209,200 | 5,439 | 214,639 |
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Audited Financial Statements for the financial year ended 31 March 2025 and the accompanying notes are an integral part of this statement.
Diconce TECHNOLOGY BHD
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2026
| 12 months ended | ||
|---|---|---|
| 31/03/2026 RM'000 | 31/03/2025 RM'000 | |
| Cash Flows From Operating Activities | ||
| Loss before taxation | (5,679) | (22,806) |
| Adjustments for: | ||
| Depreciation | 10,307 | 10,578 |
| Fair value gain on investment properties | (4,730) | (219) |
| Fair value loss on other investments | 7,572 | 15,014 |
| Gain on disposal of property, plant and equipment | (176) | (39) |
| Impairment loss on property, plant and equipment | 3,657 | - |
| Interest expense | 3,887 | 2,766 |
| Interest income | (123) | (266) |
| Provision for written off/(written back) of inventories | 123 | (274) |
| Provision for written off/(written back) of receivables | 890 | 2,398 |
| Non-operating items | 1,127 | 478 |
| Operating profit before working capital changes | 16,855 | 7,635 |
| Changes in Working Capital: | ||
| Trade and other receivables | (5,157) | (1,989) |
| Contract assets | (127) | |
| Inventories | (5,533) | (93) |
| Inventory properties | - | 11,377 |
| Trade and other payables | 7,279 | 731 |
| Cash generated from operations | 13,444 | 17,534 |
| Net tax refund | 1,751 | (35) |
| Interest paid | (3,887) | (2,766) |
| Retirement benefit obligations paid | - | (584) |
| Net cash generated from operating activities | 11,308 | 14,149 |
| Cash Flows From Investing Activities | ||
| Interest income | 122 | 266 |
| Net purchase of property, plant and equipment | (19,148) | (30,602) |
| Subsequent expenditures on investment properties | - | (71) |
| Net changes in deposits pledged with licensed banks | 3,672 | (880) |
| Net changes in other investments | (2,344) | (13,519) |
| Acquisition of additional interest in subsidiary company | (20) | - |
| Net cash used in investing activities | (17,718) | (44,806) |
| Cash Flows From Financing Activities | ||
| Dividends paid to non-controllig interests of subsidiary company | (100) | - |
| Net changes in short term borrowings | (2,219) | 3,054 |
| Repayment of lease liabilities | (987) | (1,192) |
| Repayment of hire purchase and lease financing | (649) | (1,188) |
| Net drawdown of term loans | 2,420 | 11,599 |
| Net cash (used in)/generated from financing activities | (1,535) | 12,273 |
Diconce TECHNOLOGY BHD
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2026 (Continued)
| 12 months ended | ||
|---|---|---|
| 31/03/2026 RM'000 | 31/03/2025 RM'000 | |
| Net changes in cash and cash equivalents | (7,945) | (18,384) |
| Effect of exchange rate changes | (1,149) | 877 |
| Cash and cash equivalents at beginning of the year | 13,685 | 31,192 |
| Cash and cash equivalents at end of the year | 4,591 | 13,685 |
| Cash and cash equivalents comprise: | ||
| Deposit placed with licensed banks | 5,672 | 9,165 |
| Short term money market deposit | 60 | |
| Cash and bank balances | 11,237 | 15,181 |
| Bank overdraft - secured | (6,825) | (1,556) |
| 10,084 | 22,850 | |
| Less: Deposits pledged with licensed banks | (5,493) | (9,165) |
| 4,591 | 13,685 |
Reconciliation of liabilities arising from financing activities:
| Carrying amount as at 1 April 2025 | Non-cash changes | Carrying amount as at 31 March 2026 | ||
|---|---|---|---|---|
| RM'000 | Cash flows RM'000 | Others RM'000 | RM'000 | |
| Short term borrowings | 20,381 | (2,219) | - | 18,162 |
| Hire purchase and lease financing | 3,314 | (649) | - | 2,665 |
| Term loans | 41,295 | 2,420 | - | 43,715 |
| Lease liability | 2,025 | (453) | 104 | 1,676 |
| 67,015 | (901) | 104 | 66,215 |
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Audited Financial Statements for the financial year ended 31 March 2025 and the accompanying notes are an integral part of this statement.
D'ONCE TECHNOLOGY BHD
NOTES TO THE UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS OF THE GROUP FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
PART A: EXPLANATORY NOTES PURSUANT TO MFRS 134
1 Basis of Preparation
The interim financial statement is unaudited and are prepared in accordance with the requirements of MFRS 134: Interim Financial Reporting and paragraph 9.22 of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad, ("Bursa Malaysia") and should be read in conjunction with the Group's audited financial statements for the financial period ended 31 March 2025 ("FY2025").
2 Significant Accounting Policies
The significant accounting policies adopted in preparing the unaudited interim consolidated financial statements are consistent with those as disclosed in the Group's audited financial statements for FY2025.
The Group has adopted the following amendments to MFRSs which are effective for the financial periods beginning on or after 1 April 2025:
Amendments to MFRS 121: The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability
The adoption of the above amendments to MFRSs does not have any significant impact to the Group.
At the date of the unaudited interim consolidated financial statements, the new and revised standards and amendments which were in issue but not yet effective and not early adopted by the Group and the Company are as listed below:
Effective for financial periods beginning on or after 1 January 2026
Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures - Classification and Measurement of Financial Instruments and Contracts Referencing Nature-dependent Annual Improvements to MFRS Accounting Standards - Volume 11:
- Amendments to MFRS 1: First Time Adoption of Malaysia Financial Reporting Standards
- Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments
- Amendments to MFRS 10 Consolidated Financial Statements
- Amendments to MFRS 107 Statement of Cash Flows
Effective for financial 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 19: Subsidiaries without Public Accountability: Disclosures
- Amendments to MFRS 121: The Effects of Changes in Foreign Exchange Rates - Translation to a Hyperinflationary Presentation Currency
D'ONCE TECHNOLOGY BHD
2 Significant Accounting Policies (Continued)
Deferred
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 Associates or Joint Venture
The Directors expect that the adoption of these new MFRSs and Interpretations and Amendments will have no material impact on the Group's financial statements in the period of initial application.
3 Audit Report of the Preceding Annual Financial Statements
The Group's audited financial statements for the year ended 31 March 2025 was not subjected to any qualification.
4 Seasonality and Cyclical Operations
The Group were subjected to the cyclical effects of the electronic industries as a result of the volatility of demand.
5 Significant Unusual Items
There were no unusual items affecting assets, liabilities, equity, net income or cash flows during the current quarter under review.
6 Material Changes in Accounting Estimates
There were no changes in accounting estimates that have had any material effect on the amounts reported for the current quarter under review.
7 Debt and Equity Securities
There were no other issuances, cancellations, repurchases, resale or repayments of debts and equity securities during the current quarter under review.
8 Dividend Paid
No dividend was paid or declared during the current quarter under review.
9 Related Party Transactions
All related party transaction and balance within the Group has been entered into the normal course of business and were carried out on normal commercial terms during the year-to-date ended 31 March 2026.
11
D'ONCE TECHNOLOGY BHD
10 Segmental Reporting
The Group’s segmental analysis is as follows:
By customer segments
| Period ended 31-Mar-26 | Healthcare | Electrical and Electronics | Other Industries* | Others ^ | Elimination | Total |
|---|---|---|---|---|---|---|
| REVENUE | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
| External revenue | 62,107 | 88,734 | 48,225 | - | 199,066 | |
| Inter-segment revenue | 3,434 | 17,860 | 4,403 | 1,555 | (27,252) | - |
| Total segment revenue | 65,541 | 106,594 | 52,628 | 1,555 | (27,252) | 199,066 |
| RESULTS | ||||||
| Segment results | 4,585 | 4,240 | 2,961 | (1,703) | - | 10,083 |
| Unallocated expenses | (11,875) | |||||
| Operating loss | (1,792) | |||||
| Finance costs, net | (3,887) | |||||
| Loss before taxation | (5,679) | |||||
| Taxation | (1,718) | |||||
| Loss after taxation | (7,397) | |||||
| Segment assets | 90,193 | 173,877 | 42,439 | 26,009 | 332,518 | |
| Unallocated assets | 2,922 | |||||
| Total assets | 335,440 | |||||
| Segment liabilities | 26,316 | 70,982 | 27,775 | 194 | - | 125,267 |
| Unallocated liabilities | 269 | |||||
| Total liabilities | 125,536 | |||||
- Other industries is pertaining to automotive, furniture, food and beverage and other manufacturing industries.
^ Others is pertaining to dormant companies.
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D'ONCE TECHNOLOGY BHD
10 Segmental Reporting (Continued)
The Group’s segmental analysis is as follows (continued):
By customer segments
| Period ended 31-Mar-25 | Healthcare | Electrical and Electronics | Other Industries* | Others ^ | Elimination | Total |
|---|---|---|---|---|---|---|
| REVENUE | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 |
| External revenue | 63,277 | 79,732 | 45,748 | 9,500 | - | 198,257 |
| Inter-segment revenue | 3,860 | 11,232 | 3,555 | - | (18,647) | - |
| Total segment revenue | 67,137 | 90,964 | 49,303 | 9,500 | (18,647) | 198,257 |
| RESULTS | ||||||
| Segment results | 4,958 | (178) | 911 | (3,587) | - | 2,104 |
| Unallocated expenses | (21,934) | |||||
| Operating loss | (19,830) | |||||
| Finance costs, net | (2,976) | |||||
| Loss before taxation | (22,806) | |||||
| Taxation | (1,664) | |||||
| Loss after taxation | (24,470) | |||||
| Segment assets | 90,057 | 159,655 | 36,998 | 3,612 | - | 290,322 |
| Unallocated assets | 33,382 | |||||
| Total assets | 323,704 | |||||
| Segment liabilities | 13,216 | 63,821 | 18,730 | 357 | - | 96,124 |
| Unallocated liabilities | 12,941 | |||||
| Total liabilities | 109,065 |
- Other industries is pertaining to automotive, furniture, food and beverage and other manufacturing industries.
^ Others is pertaining to dormant companies.
Diconce TECHNOLOGY BHD
11 Material Subsequent Events
There were no material events after this quarter.
12 Changes in the Composition of the Group
There were no significant changes in the composition of the Group for the current financial quarter and financial year to date.
13 Changes in Contingent Liabilities and Assets
The Company provided corporate guarantees amounting to RM69.78 million (31 March 2025: RM66.55 million) for the banking facilities granted to certain subsidiary companies.
14 Capital Commitments
The capital commitments for the purchase of property, plant and equipment not provided for in the interim financial statements as at the end of the financial period are as follows:
| RM’000 | |
|---|---|
| Approved and contracted for: | |
| - Land and building | 3,870 |
| - Plant and Machinery | 1,777 |
| - Construction and renovation | 3,128 |
| Total Capital Commitments | 8,775 |
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D'NONCE TECHNOLOGY BHD
PART B: EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE BURSA SECURITIES LISTING REQUIREMENTS
15 Analysis of performance for current quarter and financial period-to-date
A comparison of D' Nonce Technology Bhd's performance for the fourth quarter ended 31 March 2026 ("Q4'26") with the corresponding period last financial year ("Q4'25") is as follows:
| Quarter 4 | Year-To-Date | |||||
|---|---|---|---|---|---|---|
| FY2026 RM'000 | FY2025 RM'000 | Variance % | FY2026 RM'000 | FY2025 RM'000 | Variance % | |
| Revenue | 51,491 | 49,003 | 5.1% | 199,066 | 198,257 | 0.4% |
| Operating profit | 3,685 | 2,710 | 36.0% | 16,691 | 7,747 | 115.5% |
| Loss before interest and tax | (6,977) | (7,079) | 1.4% | (1,792) | (19,830) | 91.0% |
| Loss before tax | (7,979) | (7,781) | -2.5% | (5,679) | (22,806) | 75.1% |
| Loss after tax | (9,172) | (9,371) | 2.1% | (7,397) | (24,470) | 69.8% |
| Loss attributable to ordinary equity holders of the Company | (9,232) | (9,071) | -1.8% | (7,246) | (24,105) | 69.9% |
(A) Performance of the current quarter against the preceding year corresponding quarter (Q4'26 vs Q4'25)
The Group achieved revenue of RM51.5 million in the current quarter, compared to RM49.0 million in Q4'25, representing an increase of RM2.5 million or 5.1%. The Group recorded segment results of RM1.7 million gain in the current quarter as compared with RM1.5 million gain in the corresponding quarter last year. The improvement was mainly attributable to stronger contribution from the Electrical and Electronics ("E&E") and other industries segments.
Revenue for the healthcare customer segment was RM12.9 million in the current quarter, a decrease of RM2.9 million or 19%, compared to RM15.8 million for the corresponding quarter last year. Segment results for the current quarter were RM1.1 million, an increase of RM0.2 million or 23% compared to RM0.9 million in segment results last year.
The Electrical and Electronics ("E&E") customer segment generated RM26.0 million in revenue for the current quarter, compared to RM22.3 million in the same period last year, reflecting an increase of RM3.7 million or 17%. This segment recorded a loss of RM1.5 million for the current quarter, representing an improvement of RM0.3 million or 16% compared to a loss of RM1.8 million recorded in the corresponding quarter last year. The improvement was mainly attributable to higher demand from existing customers, coupled with contributions from newly acquired customers in the Group's Southern Malaysia and Thailand subsidiaries.
Revenue from the other industries segment during the quarter was RM15.9 million, compared to RM10.9 million in the same quarter last year, reflecting an increase of RM5.0 million or 46%. This segment recorded a profit of RM0.4 million for the current quarter, compared to a profit of RM0.8 million recorded in the corresponding quarter last year. The lower profit was mainly attributable to increased production overhead costs incurred by one of the Thailand subsidiaries during the current quarter, despite higher segment revenue.
As a result, the Group recorded a loss before tax of RM7.9 million in the current quarter compared to a loss before tax of RM7.8 million in the corresponding quarter last year, representing an increase of RM0.1 million in operating performance during the quarter.
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D'ONCE TECHNOLOGY BHD
15 Analysis of performance for current quarter and financial period-to-date (continued)
| | Q4'26
31 March 2026
RM'000 | Q3'26
31 December 2025
RM'000 | Variance
% |
| --- | --- | --- | --- |
| Revenue | 51,491 | 49,261 | 4.5% |
| Operating profit | 3,685 | 4,462 | -17.4% |
| (Loss)/Profit before interest and tax | (6,977) | 8,201 | -185.1% |
| (Loss)/Profit before tax | (7,979) | 7,212 | -210.6% |
| (Loss)/Profit after tax | (9,172) | 6,749 | -235.9% |
| (Loss)/Profit attributable to ordinary equity holders of the parent | (9,232) | 6,792 | -235.9% |
(B) Performance of the current quarter against the preceding quarter (Q4'26 vs Q3'26)
The Group achieved revenue of RM51.5 million in the current quarter, compared to RM49.3 million in the preceding quarter, representing an increase of RM2.2 million or 4.5%, mainly driven by stronger contributions from the E&E and other industries segments.
Healthcare revenue decreased in the current quarter due to lower demand from certain major customers, while the E&E and other industries segments recorded higher revenue supported by stronger customer demand and contributions from newly acquired customers.
Despite the higher revenue, the Group recorded a loss before tax of RM7.9 million in the current quarter compared to a profit before tax of RM7.2 million in the preceding quarter, mainly due to fair value loss on other investments and impairment loss on property, plant and equipment in the current quarter.
16 Prospects
The Group expects its performance to remain resilient in the near term, underpinned by its diversified business operations across multiple segments and continued support from existing customers. The Group will continue to prioritise operational efficiency, productivity enhancement, and prudent cost management measures to mitigate ongoing market challenges and cost pressures.
17 Profit forecast or Profit Guarantee
No profit forecast or profit guarantee was issued by the Group for the financial year.
D'NONCE TECHNOLOGY BHD
18 Taxation
| Individual Quarter | Cumulative Quarter | |||
|---|---|---|---|---|
| 31 March 2026 | ||||
| RM'000 | 31 March 2025 | |||
| RM'000 | 31 March 2026 | |||
| RM'000 | 31 March 2025 | |||
| RM'000 | ||||
| Current tax: | ||||
| Current period | (705) | (342) | (1,229) | (361) |
| Prior period | 68 | 150 | 69 | 83 |
| Deferred tax: | ||||
| Current period | (555) | (1,380) | (530) | (270) |
| Prior period | (0) | (18) | (27) | (1,116) |
| Tax expenses | (1,193) | (1,590) | (1,718) | (1,664) |
The Group's effective tax rate for the financial period was higher than the statutory tax rate of 24% mainly due to certain expenses were not deductible for tax purposes and non-recognition of deferred tax assets arising from certain loss-making entities
17
Dronce TECHNOLOGY BHD
19 Status of Corporate Proposal
On 15 March 2024, the corporate proposal for Right Issue with Warrants has been completed.
The Company has raised RM39.044 million following the completion of Right Issue with Warrants.
The status of the utilisation of amount raised as at 30 April 2026 are as follows:
| Purpose | Proposed Utilisation
RM'000 | Actual Utilisation
RM'000 | Balance to be Utilised
RM'000 | Expected time frame for the utilisation of proceeds (from the date of listing of the Rights Shares) | Deviation | |
| --- | --- | --- | --- | --- | --- | --- |
| | | | | | Amount
RM'000 | % |
| Construction of a new warehouse and additional production area | 2,000 | - | 1,000 | Within 24 months | (1,000) | -2.56% |
| Capital expenditure for purchase of machinery and equipment and installation of enterprise resource planning system | 4,200 | 1,097 | 2,203 | Within 24 months | (900) | -2.31% |
| Repayment of bank borrowings | 16,000 | 16,000 | - | Within 12 months | - | 0.00% |
| Working capital | 7,352 | 9,252 | - | Within 24 months | 1,900 | 4.87% |
| Construction of new factory building in Thailand | 8,000 | 4,909 | 3,091 | Within 24 months | | 0.00% |
| Estimated expenses in relation to the Corporate Exercises | 1,492 | 1,492 | - | Within 1 month | - | 0.00% |
| Total | 39,044 | 32,750 | 6,294 | | - | |
For further details, please refer to Bursa website for the announcement made by the Company.
Other than the above, there are no other corporate proposals announced as at the date of this report.
18
D'ONCE TECHNOLOGY BHD
20 Group Borrowings and Debt Securities
The Group Borrowings as at 31 March 2026 were as follows:
| | As at
31 March 2026
RM'000 | As at
31 March 2025
RM'000 |
| --- | --- | --- |
| Secured: | | |
| Short Term (Denominated in THB) | | |
| Bank overdrafts | 1,049 | - |
| Trust receipts | 5,542 | 4,433 |
| Promissory note | 1,462 | 2,957 |
| Term loans | 4,131 | 580 |
| Hire purchases and lease creditors | 39 | 28 |
| | 12,223 | 7,998 |
| Short Term (Denominated in RM) | | |
| Bank overdrafts | 5,776 | 1,556 |
| Bankers' acceptance | 9,158 | 5,991 |
| Revolving credit | 2,000 | 7,000 |
| Term loans | 21,209 | 2,365 |
| Hire purchases and lease creditors | 1,160 | 1,108 |
| | 39,303 | 18,020 |
| Total Short Term | 51,526 | 26,018 |
| Long Term (Denominated in THB) | | |
| Term loans | 2,909 | 1,934 |
| Hire purchases and lease creditors | 66 | 102 |
| | 2,975 | 2,036 |
| Long Term (Denominated in RM) | | |
| Term loans | 15,466 | 36,416 |
| Hire purchases and lease creditors | 1,398 | 2,076 |
| | 16,864 | 38,492 |
| Total Long Term | 19,839 | 40,528 |
| | | |
| Total | 71,365 | 66,546 |
The weighted average interest rate per annum of borrowings were as follows:
| 31 March 2026 | 31 March 2025 | |
|---|---|---|
| Fixed rates | 2.65% - 5.65% | 2.65% - 5.65% |
| Floating rates | 4.47% - 7.58% | 4.47% - 7.58% |
There is no hedging against RM on borrowings denominated in Thai Baht as they are utilised by Thailand subsidiaries for their operational needs.
19
D'ONCE TECHNOLOGY BHD
21 Material Litigation
There is no material litigation against the Group as at the reporting date.
22 Dividend
There are no dividends proposed for the current quarter under review.
23 Earnings/ (loss) Per Share
| Individual Quarter | Cumulative Quarter | |||
|---|---|---|---|---|
| 3 months ended | 12 months ended | |||
| Basic | 31 March 2026 | 31 March 2025 | 31 March 2026 | 31 March 2025 |
| Profit /(Loss) attributable to ordinary equity holders of the Company (RM’000) | (9,232) | (9,071) | (7,246) | (24,105) |
| Weighted average number of ordinary shares in issue (‘000) | 868,281 | 868,281 | 868,281 | 868,281 |
| Basic/ diluted earnings / (loss) per share (sen) | (1.06) | (1.04) | (0.83) | (2.78) |
24 Loss before Tax
The following amounts have been included in arriving at loss before tax:
| Current year Quarter | Year to date | |
|---|---|---|
| 31 March 2026 | 31 March 2026 | |
| RM’000 | RM’000 | |
| Depreciation | 2,975 | 10,307 |
| Fair value adjustment on other investment | 17,034 | 7,572 |
| Interest income | (68) | (123) |
| Interest expense | 1,002 | 3,887 |
25 Authorisation For Issue
The current unaudited interim financial statements were authorised for issue by the Board of Directors in accordance with the resolution on 25 May 2026.