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DPS RESOURCES BERHAD — Interim / Quarterly Report 2026
May 25, 2026
70501_rns_2026-05-25_da94956b-ac4f-4281-9177-ec2aea17e010.pdf
Interim / Quarterly Report
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DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE FORTH QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
| Individual Quarter | Cumulative Quarter | |||||
|---|---|---|---|---|---|---|
| Unaudited Current Year Quarter 31.03.2026 RM'000 | Unaudited Preceding Year Corresponding Quarter 31.03.2025 RM'000 | Changes Increase/(decrease) RM'000 | Current Year To Date 31.03.2026 RM'000 | Unaudited Preceding Year Corresponding Year To Date 31.03.2025 RM'000 | Changes Increase/(decrease) RM'000 | |
| Revenue | 13,036 | 15,192 | (2,156) | 60,389 | 62,838 | (2,449) |
| Cost of sales | (10,806) | (15,127) | 4,321 | (48,452) | (50,504) | 2,052 |
| Gross profit | 2,230 | 65 | 2,165 | 11,937 | 12,334 | (397) |
| Operating expenses | (3,540) | (2,735) | (805) | (8,938) | (8,250) | (688) |
| Other operating income | 182 | 512 | (330) | 534 | 1,608 | (1,074) |
| (Loss)/Profit from operations | (1,128) | (2,158) | 1,030 | 3,533 | 5,692 | (2,159) |
| Finance cost | 382 | (96) | 478 | (536) | (1,302) | 766 |
| (Loss)/Profit before tax | (746) | (2,254) | 1,508 | 2,997 | 4,390 | (1,393) |
| Taxation | (905) | (4,126) | 3,221 | (906) | (4,126) | 3,220 |
| Net (loss)/profit for the period | (1,651) | (6,380) | 4,729 | 2,091 | 264 | 1,827 |
| Other comprehensive income, Net of Tax | - | - | - | - | - | - |
| Total comprehensive (loss)/income for the period | (1,651) | (6,380) | 4,729 | 2,091 | 264 | 1,827 |
| Net (loss)/profit for the period attributable to: | ||||||
| - Owners of the Company | (1,651) | (6,310) | 2,095 | 340 | ||
| - Non-controlling interest | - | (70) | (4) | (76) | ||
| (1,651) | (6,380) | 2,091 | 264 | |||
| Total comprehensive (loss)/income for the period attributable to: | ||||||
| - Owners of the Company | (1,651) | (6,310) | 2,095 | 340 | ||
| - Non-controlling interest | - | (70) | (4) | (76) | ||
| (1,651) | (6,380) | 2,091 | 264 | |||
| Weighted average number of shares ('000s) | 265,734 | 265,638 | 265,734 | 246,629 | ||
| Earnings per share (sen) | ||||||
| - Basic | (0.62) | (2.38) | 0.79 | 0.14 | ||
| - Diluted | (0.56) | (2.15) | 0.71 | 0.12 |
Note :
The unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Audited Financial Statements for the year ended 31 March 2025 and the accompanying explanatory notes attached to the interim financial statements.
page 1
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026
(The figures have not been audited)
| Unaudited As at End Of Current Quarter 31.03.2026 RM'000 | Audited As at Preceding Financial Year End 31.03.2025 RM'000 | |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipment | 84,946 | 86,718 |
| Capital work-in-progress | 1,016 | - |
| Right-of-use asset | 20,047 | 20,912 |
| Land held for development | 121,340 | 120,864 |
| 227,349 | 228,494 | |
| Current assets | ||
| Contract assets | 215 | 8,357 |
| Inventories | 35,854 | 16,110 |
| Trade and other receivables | 58,932 | 57,834 |
| Tax recoverable | 213 | 205 |
| Deposit, bank and cash balance | 7,558 | 21,401 |
| 102,772 | 103,907 | |
| Total Assets | 330,121 | 332,401 |
| EQUITY | ||
| Share capital | 140,292 | 140,292 |
| Non-controlling interests | - | 4 |
| Revaluation reserve | 26,045 | 26,527 |
| Warrant reserve | 14,994 | 3,055 |
| Discount on share | (14,994) | (3,055) |
| Employee share option scheme ("ESOS") reserves | 4,755 | 4,755 |
| Retained earnings | 83,360 | 80,783 |
| Total equity | 254,452 | 252,361 |
| LIABILITIES | ||
| Non-current liabilities | ||
| Borrowings | 49,131 | 47,212 |
| Lease liabilities | 820 | 630 |
| Deferred tax liability | 7,949 | 7,001 |
| 57,900 | 54,843 | |
| Current liabilities | ||
| Borrowings | 2,940 | 4,111 |
| Lease liabilities | 248 | 474 |
| Trade and other payables | 14,581 | 20,612 |
| 17,769 | 25,197 | |
| Total Liabilities | 75,669 | 105,237 |
| Total Equity And Liabilities | 330,121 | 357,598 |
| Number of ordinary shares ('000) | 265,734 | 265,734 |
| Net Tangible Assets per share attributable to Owner of the Company (RM) | 0.96 | 0.95 |
Note :
The unaudited Condensed Consolidated Statement Of Financial Position should be read in conjunction with the Annual Financial Statements for the year ended 31 March 2025 and the accompanying explanatory notes attached to the interim financial statements.
Net Assets Per Share is derived based on DPS Resources Berhad consolidated net assets of RM254,452,000 (FYE 31.03.2025: RM252,361,000) over the issued number of ordinary shares of 265,733,847 (FYE 31.03.2025: 265,733,847).
page 2
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FORTH QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
| Non-Distributable | Distributable | |||||||
|---|---|---|---|---|---|---|---|---|
| Share Capital RM'000 | Revaluation Reserve RM'000 | Warrant Reserve RM'000 | Discount on share RM'000 | Employee Share Option Scheme ("ESOS") Reserves RM'000 | Retained Earnings RM'000 | Non-controlling Interests RM'000 | Total RM'000 | |
| Balance as at 1 April 2024 (audited) | 111,626 | 27,009 | 14,994 | (14,994) | 5,259 | 79,961 | 80 | 223,935 |
| Total comprehensive income for the year | - | - | - | - | - | 340 | (76) | 264 |
| Issuance of new shares pursuant to: | ||||||||
| - Exercise of Warrants B | 11,054 | - | (4,975) | 4,975 | - | - | - | 11,054 |
| - Exercise of Warrants C | 15,870 | - | (3,197) | 3,197 | - | - | - | 15,870 |
| - Exercise of ESOS | 1,742 | - | - | - | (504) | - | - | 1,238 |
| Warrants B expired | - | - | (3,767) | 3,767 | - | - | - | - |
| Realisation of | - | (482) | - | - | - | 482 | - | - |
| Balance as at 31 March 2025 (audited) | 140,292 | 26,527 | 3,055 | (3,055) | 4,755 | 80,783 | 4 | 252,361 |
| Total comprehensive income for the period | - | - | - | - | - | 2,095 | (4) | 2,091 |
| Realisation of revaluation surplus upon depreciation | - | (482) | - | - | - | 482 | - | - |
| Balance as at 31 March 2026 | 140,292 | 26,045 | 3,055 | (3,055) | 4,755 | 83,360 | - | 254,452 |
Note :
The unaudited Condensed Consolidated Statement of Changes In Equity should be read in conjunction with the Annual Financial Statements for the year ended 31 March 2025 and the accompanying explanatory notes attached to the interim financial statements.
page 3
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FORTH QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
| | Unaudited
Preceding Year
Corresponding
Year To Date | |
| --- | --- | --- |
| | Current Year
To Date
31.03.2026
RM'000 | 31.03.2025
RM'000 |
| Net cash outflow from operating activities | (14,772) | (74,925) |
| Net cash inflow/(outflow) from investing activities | 301 | (15,363) |
| Net cash inflow from financing activities | 7,601 | 66,239 |
| Net decrease in cash and cash equivalents | (6,870) | (24,049) |
| Cash and bank balances as at 1 April | 12,284 | 36,333 |
| Cash and cash equivalents as at 31 March | 5,414 | 12,284 |
| Reconciliation : | | |
| Cash and bank balances | 5,414 | 9,284 |
| Fixed deposits | 2,144 | 12,117 |
| | 7,558 | 21,401 |
| Fixed deposits pledged with licensed banks | (2,144) | (2,117) |
| Fixed deposits with tenure of more than 3 months | - | (7,000) |
| Cash and cash equivalents as at 31 March | 5,414 | 12,284 |
The unaudited Condensed Consolidated Statement Of Cash Flows should be read in conjunction with the Audited Financial Statements for the year ended 31 March 2025 and the accompanying explanatory notes attached to the interim financial statements.
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
A. Compliance with Malaysian Financial Reporting Standards ("MFRS") 134, Interim Financial Reporting and Bursa Malaysia Listing Requirements
A1. Changes in accounting policies
The interim financial statements are unaudited and have been prepared in accordance with MFRS 134: Interim financial reporting and Chapter 9 Part K of the Listing Requirement of Malaysia Securities Berhad.
The interim unaudited financial statement should be read in conjunction with the audited financial statement for the year ended 31 March 2025 and the attached explanatory notes. The explanatory notes provide an explanation of events and transactions that are significant for an understanding of the changes in the financial position and performance of the Group since the financial year ended 31
The significant accounting policies adopted by the Group in this interim financial report are consistent with those adopted in the annual audited financial statements for the financial year ended 31 March 2025.
During the interim financial statement, the Group has adopted the following amendments to MFRSs issued by the Malaysian Accounting Standards Board ("MASB") that are mandatory for current financial year as below:
| Amendments to MFRS 16 | Lease Liability in a Sale and Leaseback |
|---|---|
| Amendments to MFRS 101 | Classification of Liabilities as Current or Non-current |
| Amendments to MFRS 101 | Non-current Liabilities with Convenants |
| Amendments to MFRS 107 | Supplier Finance Arrangements |
| and MFRS 7 |
The Group has not applied in advance the following new amendments to MFRSs that have been issued by MASB but are not yet effective for the current financial year.
| MFRSs | Effective date for the financial periods beginning on or after | |
|---|---|---|
| Amendments to MFRS 9 and MFRS 7 | Amendments to the Classification and Measurement of Financial Instruments | 01-Jan-26 |
| Amendments to MFRS 1, MFRS 7, MFRS 9, MFRS 10 and MFRS 107 | Annual Improvements to MFRS Accounting Standards - Volume 11 | 01-Jan-26 |
| Amendments to MFRS 9 and MFRS 7 | Contracts Referencing Nature - dependent Electricity | 01-Jan-26 |
| MFRS 18 | Presentation and Disclosure in Financial Statements | 01-Jan-27 |
| MFRS 19 | Subsidiaries without Public Accountability: Disclosures | 01-Jan-27 |
| Amendments to MFRS 10 and MFRS 128 | Sale or Contribution of Assets between an Investor and its Associate or Joint Venture | Deferred until further notice |
The Group intends to adopt the above amendments to MFRSs when they become effective.
A2. Auditors' Report on Preceding Annual Financial Statements
The audit report for the audited financial statements of the Company and its subsidiaries for the financial year ended 31 March 2025 were not subject to any qualification.
A3. Comments about Seasonality or Cyclicality
The Group's business operational results were not materially affected by any major seasonal or cyclical factors.
page 5
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
A. Compliance with Malaysian Financial Reporting Standards ("MFRS") 134, Interim Financial Reporting and Bursa Malaysia Listing Requirements (cont'd)
A4. Unusual Items Due to Their Nature, Size or Incidence
There were no unusual items affecting the Group's assets, liabilities, equity, net income or cash flows because of their nature, size or incidence during the current financial quarter under review.
A5. Material Estimates and Changes in Estimates
There were no material changes in estimates that have had a material effect in the results of the current financial quarter under review.
A6. Issuance or Repayment of Debt and Equity Securities
There were no issuances, cancellations, repurchases, resale and repayment of debt and equity securities during the financial period under review and up to the date of this report.
A7. Dividend Declared
No dividend has been declared or paid by the Company during the current quarter under review.
The Directors do not recommend the payment of any dividend in respect of the current financial quarter under review.
A8. Segmental Information
Segmental information is provided based on the Group's four (4) major business segments, namely (i) property development and construction ("property development"), (ii) furniture manufacturing and trading ("furniture"), (iii) rental of building with comprehensive services, and (iv) investment holding.
The segment revenue and segment results of the Group's business segments for the current financial quarter ended 31 March 2026 are as follows:
3 months ended 31 March 2026
| Business Segments | Property Development & Construction RM'000 | Furniture & Rental of Building with Comprehensive Services RM'000 | Investment Holding RM'000 | Adjustments/ Eliminations RM'000 | Consolidated Financial Statements RM'000 |
|---|---|---|---|---|---|
| Revenue | |||||
| External Sales | 1,781 | 11,255 | - | - | 13,036 |
| Inter-segment | 86 | - | 360 | (446) | - |
| Total Revenue | 1,867 | 11,255 | 360 | (446) | 13,036 |
| Results : | |||||
| Segment results | (1,764) | 950 | (450) | 136 | (1,128) |
| Finance cost | 382 | ||||
| Loss before tax | (746) | ||||
| Taxation | (905) | ||||
| Net loss for the period | (1,651) |
page 6
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
A. Compliance with Malaysian Financial Reporting Standards ("MFRS") 134, Interim Financial Reporting and Bursa Malaysia Listing Requirements (cont'd)
A8. Segmental Information (Cont'd)
3 months ended 31 March 2025
| Business Segments | Property Development & Construction RM'000 | Furniture & Rental of Building with Comprehensive Services RM'000 | Investment Holding RM'000 | Adjustments/ Eliminations RM'000 | Consolidated Financial Statements RM'000 |
|---|---|---|---|---|---|
| Revenue | |||||
| External Sales | 7,836 | 7,356 | - | - | 15,192 |
| Inter-segment | - | - | 723 | (723) | - |
| Total Revenue | 7,836 | 7,356 | 723 | (723) | 15,192 |
| Results : | |||||
| Segment results | (2,135) | 366 | (1,112) | 723 | (2,158) |
| Finance cost | (96) | ||||
| Loss before tax | (2,254) | ||||
| Taxation | (4,126) | ||||
| Net loss for the period | (6,380) |
A9. Subsequent Events
There were no material events subsequent to the end of the financial quarter ended 31 March 2025 under review up to the date of this report which is likely to substantially affect the results of the operations of the Group.
A10. Valuations of Property, Plant and Equipment
There were no changes in the valuation of property, plant and equipment since the latest audited financial statements for the financial year ended 31 March 2025.
A11. Changes in Composition of the Group
There were no changes in the composition of the Group for current interim quarter under review.
A12. Changes in Contingent Liabilities and Contingent Assets
There were no changes in contingent liabilities or contingent assets since the last financial year ended 31 March 2025.
A13. Capital Commitments
31.03.2026
RM'000
Approved but not contracted for:
Commitments for joint venture of land (over 7 years from FY 2022 to FY2028) *
11,400
- Being the remaining commitments for joint venture of land over 7 years from FYE 2022 to FYE 2028.
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
PART B: ADDITIONAL INFORMATION REQUIRED BY BMSB'S LISTING REQUIREMENTS
B1. Review of Performance (Current Quarter versus Preceding Year Corresponding Quarter)
| Preceding Year | |||
|---|---|---|---|
| Current Year Quarter 31.03.2026 RM'000 | Corresponding Quarter 31.03.2025 RM'000 | Increased/ (Decreased) RM'000 | |
| REVENUE | |||
| Property Development & Construction | 1,781 | 7,836 | (6,055) |
| Furniture & Rental of Building with Comprehensive Services | 11,255 | 7,356 | 3,899 |
| Investment Holding | - | - | - |
| Total | 13,036 | 15,192 | (2,156) |
| Cost Of Sales | (10,806) | (15,127) | 4,321 |
| Gross Profit | 2,230 | 65 | 2,165 |
| LOSS BEFORE TAX ("LBT") | |||
| Property Development & Construction | (1,712) | (2,184) | 472 |
| Furniture & Rental of Building with Comprehensive Services | 1,280 | 319 | 961 |
| Investment Holding | (314) | (389) | 75 |
| Total | (746) | (2,254) | 1,508 |
For the current quarter under review, the Group recorded a revenue of RM13.04 million, reflecting a slight decrease compared to the corresponding quarter of the previous year. This decline was primarily due to lower contributions from the property development and construction segments.
Despite the reduced revenue, the Group remains focused on strengthening its project pipeline. Ongoing efforts to manage significant upcoming projects, including clearing works, earthworks, and infrastructure development, are expected to support future business growth and enhance the Group's long-term prospects. The Group is optimistic that once the necessary development orders are secured, construction activities can commence promptly. This will facilitate the timely launch of developments and enable the Group to progressively recover its upfront cash flow investments.
The decrease in revenue can also be attributed to higher compliance-related development requirements, which represent a necessary investment to support future growth. It is important to note that many of the Group's major projects are still in their initial stages, laying a solid foundation for long-term expansion.
Looking ahead, the Group is committed to implementing strategic cost-saving measures aimed at enhancing profitability. We are confident that these initiatives will support a gradual recovery from current financial outflows, positioning us for sustained success.
page 8
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
PART B: ADDITIONAL INFORMATION REQUIRED BY BMSB'S LISTING REQUIREMENTS (Cont'd)
B2 Review of Performance (Current quarter versus Immediate Preceding Quarter)
| Current Year Quarter 31.03.2026 RM'000 | Immediate Preceding Quarter 31.12.2025 RM'000 | Increased/ (Decreased) RM'000 | |
|---|---|---|---|
| REVENUE | |||
| Property Development & Construction | 1,781 | 9,949 | (8,168) |
| Furniture & Rental of Building with Comprehensive Services | 11,255 | 3,225 | 8,030 |
| Investment holdings | - | - | - |
| Total | 13,036 | 13,174 | (138) |
| Cost of Sales | (10,806) | (10,110) | (696) |
| Gross Profit | 2,230 | 3,064 | (834) |
| (LOSS)/PROFIT BEFORE TAX ("LBT"/"PBT") | |||
| Property Development & Construction | (1,712) | (768) | (944) |
| Furniture & Rental of Building with Comprehensive Services | 1,280 | 2,122 | (842) |
| Investment holdings | (314) | (288) | (26) |
| Total | (746) | 1,066 | (1,812) |
In the current quarter under review, the Group experienced a decline in revenue of RM0.14 million compared to the immediate preceding quarter.
Despite this decrease in revenue, the Group reported a gross profit of RM2.23 million for the current quarter, down from RM3.06 million in the previous quarter, representing a decrease of RM0.83 million. However, the impact of this decline was mitigated by enhanced cost controls and improved operational efficiency. As a result, the overall gross profit margin remained relatively stable, reflecting the Group's effective cost management despite lower top-line performance.
The Group recorded a loss before tax of RM0.75 million for the current quarter, compared to a profit before tax of RM1.07 million in the immediate preceding quarter. This modest decrease reflects the ongoing investment phase of the Group's project portfolio. Nevertheless, the Group maintains a positive outlook as these projects progress toward revenue-generating phases in the upcoming quarters.
Looking ahead, the Group remains confident that improved operational performance across all segments will drive enhanced financial results as our projects transition into more active construction and revenue phases.
page 9
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
PART B: ADDITIONAL INFORMATION REQUIRED BY BMSB'S LISTING REQUIREMENTS (Cont'd)
B3 Commentary on Prospects
The Board remains cautiously optimistic about the Group's long-term prospects, driven by strategic initiatives to repurpose selected existing factory facilities into data centre operations and develop high-technology industrial park components in Melaka. These initiatives are expected to position DPS Resources Berhad as an emerging player in Malaysia's AI-driven digital infrastructure ecosystem.
In line with the Melaka State Government’s 5,000-acre high-technology park initiative, the Group is advancing development of a Mix Development / AI Data Centre and High-Tech Park in Mukim Lendu, Alor Gajah. The project is planned with a capacity of up to 500 MW and is supported by the Group’s completed feasibility study with its appointed consultant, CSF. To support this initiative, the Group has successfully acquired 330 acres of land, comprising 253 acres of freehold land, 77 acres of leasehold and MCL land acquired through a joint venture partnership. The jointly-owned land is primarily designated for green infrastructure and utility facilities.
The site benefits from strong infrastructure fundamentals, including proximity to a 275 kV PMU, existing high-voltage transmission pylons across the property, fibre connectivity, and proximity to the nearest submarine cable landing station. These advantages provide strong support for data centre operations. Preliminary discussions with the Melaka State Government, MIDA, MDEC and relevant authorities have also indicated encouraging support, including potential incentives for data centre operators and off-takers.
In addition, the Group is exploring the conversion of its 20-acre factory in Bukit Rambai into a data centre facility, with planned capacity ranging from 4 MW to 89 MW. The site offers several strategic advantages, including existing 11 kV substation infrastructure, proximity to a 132 kV PMU with potential support from the State Government to facilitate an upgrade to 275 kV capacity, and strong fibre connectivity. The proposed upgrade, if implemented, could potentially support larger scale Mix Development / AI data centre operations of up to 500 MW. This initiative represents a viable short- to medium-term opportunity, subject to the establishment of suitable partnerships.
The Group's collaboration with Invest Energy Sdn Bhd to develop a Centralised Utility Facility (CUF), solar farm, and associated green energy infrastructure strengthens the sustainability profile of DPS's high-tech park and Mix Development / AI data centre initiatives. These developments align with national and global trends towards renewable energy adoption and AI-driven industrial growth.
Beyond its data centre operations, the Group is actively strengthening its property development portfolio, leveraging a landbank of approximately 1,500 acres (including joint ventures) across mixed-use, industrial, commercial, and residential segments. This landbank carries an estimated Gross Development Value (GDV) of RM6 billion over the next decade. A notable highlight is the Taman Bukit Rambai Putra Gateway commercial hub, which encompasses retail, food and beverage, and medical centre facilities, providing diversified revenue streams and long-term value creation opportunities. The development is expected to broaden the Group's recurring and project-based revenue opportunities while supporting long-term value creation.
The Board believes that these strategic initiatives will enhance the Group's earnings visibility, diversify revenue sources, and establish DPS as a key participant in Malaysia's expanding Mix Development / AI data centre and high-technology ecosystem. Supported by its landbank, infrastructure advantages, and ongoing engagement with strategic partners and relevant authorities, the Group remains focused on executing these initiatives in a disciplined and sustainable manner to strengthen its long-term growth profile.
page 10
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
PART B: ADDITIONAL INFORMATION REQUIRED BY BMSB'S LISTING REQUIREMENTS (Cont'd)
B4 Profit Forecast or Profit Guarantee
Not applicable as the Group did not publish any profit forecast or profit guarantee.
B5 Notes to Consolidated Statement of Comprehensive Income
| Cumulative Quarter | ||
|---|---|---|
| Current Year To Date | Preceding Year Corresponding Year To Date | |
| 31.03.2026 | 31.03.2025 | |
| RM'000 | RM'000 | |
| Profit for the period is arrived at | ||
| after crediting: | ||
| Gain on disposal of property, plant and equipment | (2,092) | (20) |
| Unrealised gain on foreign exchange | (2) | (24) |
| Rental with comprehensive income | (9,738) | (10,552) |
| Interest income | (450) | (1,376) |
| and after charging : | ||
| Auditors' remuneration | 106 | 106 |
| Amortisation and depreciation | 2,865 | 3,813 |
| Loss on foreign exchange | 24 | 105 |
| Interest expense | 536 | 1,302 |
| Write off of stock | - | 1,750 |
B6 Taxation
| Cumulative Quarter | ||
|---|---|---|
| Current Year To Date | Preceding Year Corresponding Year To Date | |
| 31.03.2026 | 31.03.2025 | |
| RM'000 | RM'000 | |
| Malaysian income tax | (42) | 30 |
| Deferred tax | 948 | 4,096 |
| Tax for the financial period | 906 | 4,126 |
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
PART B: ADDITIONAL INFORMATION REQUIRED BY BMSB'S LISTING REQUIREMENTS (Cont'd)
B7 Status of Corporate Proposals
a) Status of Utilisation of Proceeds from Rights Issue
The status of utilisation of proceeds as at 31 March 2026 from Rights Issue completed on 11 December 2023 amounting to RM38,792,791 are as follows:
| Planned Rights Issue utilisation of proceeds RM'000 | Proceeds Utilisation as at 31.03.2026 RM'000 | |
|---|---|---|
| Working capital for property development | 28,646 | 24,955 |
| General working capital requirements | 9,047 | 9,355 |
| Estimated expenses for the Corporate Exercises | 1,100 | 792 * |
| Total | 38,793 | 35,102 |
Note:
- The expenses incurred for the Corporate Exercises amounted to RM792,454. The unutilised portion amounting to RM307,546 was reclassified to general working capital purpose and has since been fully utilised.
B8 Group Borrowings and Debt Securities
The Group's borrowings (denominated in Ringgit Malaysia ("RM")) are as follows :-
| Unaudited As at 31.03.2026 Total RM'000 | Audited As at 31.03.2025 Total RM'000 | |
|---|---|---|
| Short term borrowings | ||
| Term Loans- secured | 2,940 | 4,111 |
| Lease Liabilities | 248 | 474 |
| 3,188 | 4,585 | |
| Long term borrowings | ||
| Term Loans - secured | 49,131 | 47,212 |
| Lease Liabilities | 820 | 630 |
| 49,951 | 47,842 | |
| Total borrowings | 53,139 | 52,427 |
The Group does not have any foreign borrowings as at the date of this report.
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
PART B: ADDITIONAL INFORMATION REQUIRED BY BMSB'S LISTING REQUIREMENTS (Cont'd)
B9 Material Litigation
a) Shantawood Sdn. Bhd. (“SSB”) (Plaintiff) vs Liang Soon Properties Sdn. Bhd. (“Liang Soon”) (Defendant)
Parties Involved :
- Plaintiff: Shantawood Sdn. Bhd. (“SSB”)
- Defendant: Liang Soon Properties Sdn. Bhd. (“Liang Soon”)
The Board of Directors announces that, following a mediation session on December 19, 2025, both parties reached an amicable settlement and executed a Settlement Agreement. This agreement stipulates that a formal sale and purchase agreement will be executed within thirty (30) days from the date of the Settlement Agreement.
However, as the parties worked to finalize the proposed transaction, SSB needed to obtain the necessary approvals from its parent company, Dps resources bhd (Dps) which is publicly listed on Bursa Malaysia, before signing the sale and purchase agreement. To present to the Board members and Audit Committee, Dps /SSB typically requires a survey and assessment report concerning the condition and suitability of the subject lands. A preliminary Mackintosh Probe Test conducted on the lands yielded inconclusive results. Consequently, Dps / SSB requested access to conduct a further coring test to ensure a comprehensive assessment of the lands before securing the necessary internal approvals for the proposed acquisition.
As of now, we have not yet received consent from Liang Soon to proceed with this transaction.
In light of these developments, SSB's solicitors advised withdrawing the Main Suit to preserve the Plaintiff's legal position and rights. This action has been undertaken by SSB. Despite this withdrawal, the Company, through its solicitors, will continue to engage with Liang Soon to secure access for the necessary coring tests and evaluate the viability of pursuing the proposed acquisition, ultimately seeking approval from the Board members and Audit Committee before proceeding to sign the sale and purchase agreement.
B10 Proposed Dividend
No dividend has been declared or paid during the current quarter and financial period under review.
B11 Earnings per Share
a) Basic
The calculation of basic earnings per share was based on the profit attributable to ordinary equity holders of the Company and divided by the weighted average number of ordinary shares in issue during the period under review.
| Individual Quarter | Cumulative Quarter | |||
|---|---|---|---|---|
| Current Year Quarter 31.03.2026 RM'000 | Preceding Year Corresponding Quarter 31.03.2025 RM'000 | Current Year To Date 31.03.2026 RM'000 | Preceding Year Corresponding Year To Date 31.03.2025 RM'000 | |
| (Loss)/Profit attributable to ordinary equity holders of the Company (RM'000) | (1,651) | (6,310) | 2,095 | 340 |
| Weighted average number of ordinary shares in issue ('000) | 265,734 | 265,638 | 265,734 | 246,629 |
| Basic earnings per share (sen) | (0.62) | (2.38) | 0.79 | 0.14 |
DPS RESOURCES BERHAD
[Company No. 200301028458 (630878-X)]
DPS
PART B: ADDITIONAL INFORMATION REQUIRED BY BMSB'S LISTING REQUIREMENTS (Cont'd)
B11 Earnings per Share (Cont'd)
b) Diluted
The calculation of diluted earnings per share was based on the profit attributable to ordinary equity holders of the Company and divided by the weighted average number of ordinary shares that would have been in issue assuming full exercise of the Company's warrants, adjusted for the number of such ordinary shares that would have been issued at fair value.
On 15 January 2025, a total number of 17,607,747 unexercised Warrants B 2015/2025 has been lapsed.
The Company had issued 56,425,875 warrants ("Warrant C") which were listed on Bursa Malaysia Securities Berhad on 11 December 2023. Each warrant entitles the registered holder to subscribe for one new ordinary share at the exercise price of RM0.55 per share at any time during the 3-year exercise period.
| Individual Quarter | Cumulative Quarter | |||
|---|---|---|---|---|
| Current Year Quarter 31.03.2026 RM'000 | Preceding Year Corresponding Quarter 31.03.2025 RM'000 | Current Year To Date 31.03.2026 RM'000 | Preceding Year Corresponding Year To Date 31.03.2025 RM'000 | |
| (Loss)/Profit attributable to ordinary equity holders of the Company (RM '000) | (1,651) | (6,310) | 2,095 | 340 |
| Weighted average number of ordinary shares in issue ('000) | 265,734 | 265,638 | 265,734 | 246,629 |
| Effect of dilution of warrants ('000) | 27,571 | 27,571 | 27,571 | 27,571 |
| Weighted average number of ordinary shares in issue (Diluted) ('000) | 293,305 | 293,209 | 293,305 | 274,200 |
| Diluted earnings per share (sen) | (0.56) | (2.15) | 0.71 | 0.12 |
B12 Authority For Issue
The interim financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the Directors dated 21 May 2026.
By order of the Board,
YBhg. Tan Sri (Dr) Sow Chin Chuan
Executive Chairman
Date: 21 May 2026