EXCEL FORCE MSC BERHAD — Interim / Quarterly Report 2026

May 25, 2026

EXCELFORCE

30 yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

EXCEL FORCE MSC BERHAD

UNAUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 March 2026

• 1 -

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

Interim Financial Report on Consolidated Results for the Financial Period Ended 31 March 2026

CONDENSED CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME

(The figures have not been audited)

	Individual Financial Quarter Ended		Year to date Ended
	31.03.2026	31.03.2025	31.03.2026	31.03.2025
	RM'000	RM'000	RM'000	RM'000
Revenue	7,133	6,277	20,934	20,468
Cost of sales	(2,888)	(1,989)	(8,596)	(6,876)
Gross profit	4,245	4,288	12,338	13,592
Other income	33	88	120	213
Other operating expenses	(598)	(470)	(1,747)	(1,494)
Marketing expenses	(34)	(22)	(57)	(46)
Administrative expenses	(1,992)	(1,734)	(5,709)	(5,178)
Finance cost	(124)	(89)	(289)	(280)
Share of result of associates	61	72	74	68
Profit before tax	1,591	2,133	4,730	6,875
Tax expense	(493)	(591)	(1,394)	(1,774)
Profit for the year	1,098	1,542	3,336	5,101
Other comprehensive income for the year, net of tax	-	-	-	-
Total comprehensive income for the year	1,098	1,542	3,336	5,101
Profit for the year attributable to:
Owners of the parent	1,098	1,542	3,336	5,101
Non-controlling interest	-	-	-	-
Total comprehensive income for the year : attributable to owners of the parent	1,098	1,542	3,336	5,101
Non-controlling interest	-	-	-	-
Earnings per share
- Basic (sen)	0.18	0.25	0.55	0.84
- Diluted (sen)	0.18	0.25	0.55	0.84

Notes:

The unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the Audited Financial Statements for the financial period ended 30 June 2025 and the accompanying explanatory notes attached to the interim financial statements.

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EXCELFORCE
30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]
(Incorporated in Malaysia)

Interim Financial Report on Consolidated Results for the Financial Year Ended 31 March 2026

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(The figures have not been audited)

| ASSETS | Note | (Unaudited)
31.03.2026
RM’000 | (Audited)
30.06.2025
RM’000 |
| --- | --- | --- | --- |
| | | | |
| Non-current assets | | | |
| Property, plant and equipment | | 3,120 | 3,015 |
| Rights-of-use assets | | 20,024 | 20,489 |
| Product Development costs | | 20,204 | 18,937 |
| Goodwill | | 4,018 | 4,018 |
| Investment in associate | | 421 | 347 |
| Other investment | | 21,831 | 21,831 |
| Total non-current assets | | 69,618 | 68,637 |
| Current assets | | | |
| Inventories | | 7 | 7 |
| Digital assets | | 25,973 | 25,973 |
| Trade and other receivables | B7 | 22,789 | 24,139 |
| Tax recoverable | | 1,131 | 1,260 |
| Deposits, cash and bank balances and short-term funds | | 30,794 | 22,170 |
| Total current assets | | 80,694 | 73,549 |
| TOTAL ASSETS | | 150,312 | 142,186 |
| EQUITY AND LIABILITIES | | | |
| Equity attributable to owners of the parent | | | |
| Share capital | | 98,094 | 98,094 |
| Reserves | | 27,710 | 27,423 |
| Equity attributable to owners of the parent | | 125,804 | 125,517 |
| Non-controlling interests | | - | - |
| TOTAL EQUITY | | 125,804 | 125,517 |

• 3 -

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

Interim Financial Report on Consolidated Results for the Financial Year Ended 31 March 2026

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)

(The figures have not been audited)

	(Unaudited)	(Audited)
	31.03.2026	30.06.2025
	RM'000	RM'000
EQUITY AND LIABILITIES (continued)
Non-current liabilities
Term loan	11,822	5,745
Lease liabilities	-	254
Deferred taxation	3,653	3,653
Total non-current liabilities	15,475	9,652
Current liabilities
Trade and other payables	2,773	2,716
Contract liabilities	3,834	2,902
Term loan	2,001	631
Lease Liabilities	425	768
Tax payable	-	-
Total current liabilities	9,033	7,017
TOTAL LIABILITIES	24,508	16,669
TOTAL EQUITY AND LIABILITIES	150,312	142,186
Net assets per share attributable to equity holders of the Company (RM)	0.21	0.21

Notes:

The unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the Audited Financial Statements for the financial period ended 30 June 2025 and the accompanying explanatory notes attached to the interim financial statements.

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

Interim Financial Report on Consolidated Results for the Financial Year Ended 31 March 2026

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

(The figures have not been audited)

	Attributable to owners of the parent						Non-Controlling Interests	Total Equity
	Non-distributable reserves				Distributable Retained Earnings	Total
	Share Capital	Forex Transition Reserve	Fair Value Reserve	Other Reserve
	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000
9 months period ended
31 March 2026
At 1 July 2025	98,094	7	(1,850)	(81)	29,348	125,518	-	125,518
Profit for the period	-	-	-	-	3,336	3,336	-	3,336
Total comprehensive income/(loss) for the period	-	-	-	-	3,336	3,336	-	3,336
Transaction with owners:
Dividend to owners of the parent	-	-	-	-	(3,050)	(3,050)	-	(3,050)
	-	-	-	-	(3,050)	(3,050)		(3,050)
At 31 March 2026	98,094	7	(1,850)	(81)	29,634	125,804	-	125,804
	Attributable to owners of the parent						Non-Controlling Interests	Total Equity
	Non-distributable reserves				Distributable Retained Earnings	Total
	Share Capital	Forex Transition Reserve	Fair Value Reserve	Other Reserve
	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000
9 months period ended
31 March 2025
At 1 July 2024	98,094	(3)	2,800	(81)	27,322	128,132	-	128,132
Profit for the period	-	-	-	-	5,101	5,101	-	5,101
Total comprehensive income/(loss) for the period	-	-	-	-	5,101	5,101	-	5,101
Transaction with owners:
Dividend to owners of the parent	-	-	-	-	(3,049)	(3,049)	-	(3,049)
	-	-	-	-	(3,049)	(3,049)	-	(3,049)
At 31 March 2025	98,094	(3)	2,800	(81)	29,374	130,184	-	130,184

Notes:

The unaudited Condensed Consolidated Statement of Change in Equity should be read in conjunction with the Audited Financial Statements for the financial period ended 30 June 2025 and the accompanying explanatory notes attached to the interim financial statements.

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

Interim Financial Report on Consolidated Results for the Financial Year Ended 31 March 2026

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(The figures have not been audited)

	9 Months Period Ended
	31.03.2026	31.03.2025
	RM'000	RM'000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax	4,730	6,875
Adjustments for:
Impairment loss on trade receivables	17	-
Amortisation of development costs	1,983	2,102
Depreciation of property, plant and equipment	776	714
Depreciation of right of used assets	498	461
Unrealised gain on foreign exchange	-	13
Gain on disposal of property, plant and equipment	10	(1)
Share of result of associates	(73)	(68)
Zetrix staking reward	-	(53)
Interest expense	289	280
Interest income from deposits with licensed banks	(105)	(156)
Dividend income	-	72
Operating profit before working capital changes	8,125	10,239
Changes in working capital:
(Increase) in inventories	-	(11)
Decrease/(Increase) in trade and other receivables	4,486	5,274
(Decrease) in trade and other payables	(2,164)	(4,673)
Cash generated from operations	10,447	10,829
Tax paid	(1,266)	(2,132)
Interest paid	(289)	(280)
Net cash from/(used in) operating activities	8,892	8,417
CASH FLOWS FROM INVESTING ACTIVITIES
Addition of product development cost	(3,250)	(3,220)
Interest received	105	156
Acquisition of property, plant and equipment	(881)	(158)
Proceed from disposal of property, plant and equipment	-	1
Net cash from /(used in) investing activities	(4,026)	(3,221)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of lease liability	(503)	(456)
Repayment of hire purchase liability	(127)	(224)
Repayment of term loan	(553)	(421)
Term loan raised	8,000	-
Dividend paid	(3,050)	(3,050)
Net cash from/(used) in financing activities	3,767	(4,151)
Net decrease in cash and cash equivalents	8,633	1,045
Effects of exchange rate changes	(9)	(16)
Cash and cash equivalents at beginning of period	22,170	21,004
Cash and cash equivalents at end of period	30,794	22,033

Notes: The unaudited Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Audited Financial Statements for the financial period ended 30 June 2025 and the accompanying explanatory notes attached to the interim financial statements.

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

A. Explanatory Notes Pursuant to Malaysian Financial Reporting Standard 134 ("MFRS 134")

A1. Basis of Preparation

The unaudited interim financial statements, for the period ended 31 March 2026, have been prepared in accordance with MFRS 134, Interim Financial Reporting issued by the Malaysian Accounting Standard Board ("MASB") and paragraph 9.22 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities").

The unaudited interim financial statements should be read in conjunction with the annual audited financial statements of the Group for the financial period ended 30 June 2025. The explanatory notes attached to the interim financial statements provide an explanation of events and transaction that are significant to an understanding of the changes in the financial position and performance of the Group since the year ended 30 June 2025.

Since the previous annual audited financial statements as at 30 June 2025 were issued, the Group has adopted the Malaysia Financial Reporting Standards ("MFRS") framework issued by MASB with effect from 1 January 2012. This MFRS framework was introduced by the MASB in order to fully converged Malaysia's existing Financial Reporting Standards ("FRS") framework with the International Financial Reporting Standards ("IFRS") framework issued by the International Accounting Standards Board.

At the date of issuance of this unaudited interim financial statements, the MFRSs, amendments to MFRSs and IC Interpretation have been issued by MASB but not yet effective are as listed below:

		Effective dates for financial periods beginning on or after
Amendment to MFRS 9 and MFRS 7	Contracts Referencing Nature - dependent Electricity	1 January 2026
Amendment to MRFS 9 and MFRS 7	Amendments to the Classification and Measurement and Financial Instruments	1 January 2026
Annual Improvement -Volume 11	Amendments to MFRS 1
Amendments to MFRS 7
Amendments to MFRS 9
Amendments to MFRS 10
Amendments to MFRS 107	1 January 2026
MFRS 18	Presentation and Disclosure in Financial Statements	1 January 2027
MFRS 19	Subsidiaries without Public Accountability: Disclosures	1 January 2027
Amendments to MFRS 19	Subsidiaries without Public Accountability: Disclosures	1 January 2027
Amendments to MFRS 121	Translation to a Hyperinflationary Presentation Currency	1 January 2027
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

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

A. Explanatory Notes Pursuant to Malaysian Financial Reporting Standard 134 ("MFRS 134") (continued)

The Group and the Company are in the process of assessing the impact of implementing these Amendments and Standards, since the effect would only be observable for the future financial period.

A2. Auditors' Report on Preceding Annual Financial Statements

The auditors' report on the audited annual financial statements for the financial period ended 30 June 2025 was not qualified.

A3. Seasonality or Cyclicality of Interim Operations

There were no seasonal or cyclical factors affecting the results of the Group for the current financial quarter under review and financial period.

A4. Unusual Items Affecting Assets, Liabilities, Equity, Net Income or Cash Flows

During the current financial quarter under review and financial year, there were no items or events that arose, which affected assets, liabilities, equity, net income or cash flows, that are unusual by reason of their nature, size or incidence.

A5. Material Changes in Accounting Estimates

There were no material changes in estimates of amounts reported in the prior financial year, that has a material effect on the current financial quarter under review and financial year.

A6. Issuances, Cancellation, Repurchases, Resale and Repayments of Debts and Equity Securities

There was no issuance, cancellation, repurchases, Resale and Repayment of Debts and Equity Securities on the current quarter under review.

A7. Dividends paid and distributed

The final single-tier dividend of 0.50 sen per ordinary share, amounting to approximately RM3 million in respect of financial period ending 30 June 2025, the dividend was paid to shareholders on 7 January 2026.

A8. Segmental Reporting

Segment information is presented in respect of the Group's business segments.

(i) Application Solutions ("AS")
- Sales of software applications and product on an outright purchase basis.

(ii) Application Services Providers ("ASP")
- Income from outsourcing service charge which is volume and transaction based.

(iii) Maintenance Services
- Provision of maintenance services.

(iv) Others – investment holding companies.

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EXCELFORCE
30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]
(Incorporated in Malaysia)

A. Explanatory Notes Pursuant to Malaysian Financial Reporting Standard 134 (“MFRS 134”)

(continued)

A8. Segmental Reporting

(a) Individual quarter

| 3 Months Period Ended | AS
RM'000 | ASP
RM'000 | Maintenance Services
RM'000 | Others
RM'000 | Total
RM'000 |
| --- | --- | --- | --- | --- | --- |
| 31-Mar-26 | | | | | |
| Revenue | | | | | |
| Total revenue | 867 | 5,582 | 764 | - | 7,213 |
| Inter-segment revenue | - | (79) | - | - | (79) |
| Revenue from external customers | 867 | 5,503 | 764 | - | 7,134 |
| Results | | | | | |
| Segment results | 55 | 1,694 | 317 | (443) | 1,623 |
| Finance costs | | | | | (124) |
| Share of result of associates | | | | | 61 |
| Interest income from deposits with licensed bank | | | | | 31 |
| Profit before tax | | | | | 1,591 |
| Income tax expenses | | | | | (493) |
| Net profit for the period / Total comprehensive income for the period | | | | | 1,098 |
| 3 Months Period Ended | AS
RM'000 | ASP
RM'000 | Maintenance Services
RM'000 | Others
RM'000 | Total
RM'000 |
| --- | --- | --- | --- | --- | --- |
| 31-Mar-25 | | | | | |
| Revenue | | | | | |
| Total revenue | 954 | 4,644 | 757 | - | 6,355 |
| Inter-segment revenue | - | (78) | - | - | (78) |
| Revenue from external customers | 954 | 4,566 | 757 | - | 6,277 |
| Results | | | | | |
| Segment results | 141 | 1,886 | 327 | (236) | 2,118 |
| Finance costs | | | | | (89) |
| Share of result of associates | | | | | 71 |
| Interest income from deposits with licensed bank | | | | | 33 |
| Profit before tax | | | | | 2,133 |
| Income tax expenses | | | | | (591) |
| Net profit for the period / Total comprehensive income for the period | | | | | 1,542 |

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EXCELFORCE
30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]
(Incorporated in Malaysia)

A. Explanatory Notes Pursuant to Malaysian Financial Reporting Standard 134 (“MFRS 134”)

(continued)

(b) Cumulative quarter

9 Months Period Ended	AS	ASP	Maintenance Services	Others	Total
31-Mar-26	RM'000	RM'000	RM'000	RM'000	RM'000
Revenue
Total revenue	4,103	14,801	2,279	-	21,183
Inter-segment revenue	-	(248)	-	-	(248)
Revenue from external customers	4,103	14,553	2,279	-	20,935
Results
Segment results	647	4,401	938	(1,146)	4,840
Finance costs					(289)
Share of result of associates					74
Interest income from deposits with licensed bank					105
Profit before tax					4,730
Income tax expenses					(1,394)
Net profit for the period / Total comprehensive income for the period					3,336
9 Months Period Ended	AS	ASP	Maintenance Services	Others	Total
31-Mar-25	RM'000	RM'000	RM'000	RM'000	RM'000
Revenue
Total revenue	3,566	14,850	2,287	-	20,703
Inter-segment revenue	-	(235)	-	-	(235)
Revenue from external customers	3,566	14,615	2,287	-	20,468
Results
Segment results	570	6,004	1,038	(681)	6,931
Finance costs					(280)
Share of result of associates					68
Interest income from deposits with licensed bank					156
Profit before tax					6,875
Income tax expenses					(1,774)
Net profit for the period / Total comprehensive income for the period					5,101

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

A. Explanatory Notes Pursuant to Malaysian Financial Reporting Standard 134 ("MFRS 134") (continued)

A9. Subsequent Material Event

There was no material event subsequent to the current financial quarter ended 30 June 2025 up to the date of the announcement of this report, which is likely to substantially affect the results of the operations of the Group for the current financial quarter under review.

A10. Changes in the Composition of the Group and Financial Period End.

There were no changes in the composition of the Group under for the current financial quarter under review.

A11. Changes in Contingent Liabilities or Contingent Assets

There were no material contingent liabilities or contingent assets for the current financial quarter under review.

A12. Recurrent Related Party Transactions ("RRPT")

The tenancy agreement with Zetrix AI Berhad for renting office space located at Level 31, Zetrix Tower, Empire City. No. 8, Jalan Damansara, PJU 8, 47820 Petaling Jaya. Detail of transaction as follows:

Term of tenancy: 1 December 2023 to 30 November 2026

Monthly rental: RM32,676.70

A13. Capital Commitments

There is no capital commitments for the current financial quarter under review.

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

B. EXPLANATORY NOTES AS PER MAIN MARKET LISTING REQUIREMENTS (APPENDIX 9B)

B1. Review of Group's Performance

Current Year -to date vs. Previous Year-to date

	Individual Period				Cumulative Period
	Current Year Quarter	Preceding Year Corresponding Quarter	Changes		Current Year Quarter	Preceding Year Corresponding Quarter	Changes
	31/03/26	31/03/25			31/03/26	31/03/25
	RM'000	RM'000	RM'000	%	RM'000	RM'000	RM'000	%
Revenue	7,133	6,277	856	13.6	20,934	20,468	466	2.3
Operating Profit	1,622	2,063	(441)	(21.4)	4,826	6,874	(2,048)	(29.8)
Profit Before Interest and Tax	1,436	2,011	(575)	(28.6)	4,336	6,439	(2,103)	(32.7)
Profit Before Tax	1,591	2,133	(542)	(25.4)	4,730	6,875	(2,145)	(31.2)
Profit After Tax	1,098	1,542	(444)	(28.8)	3,336	5,101	(1,765)	(34.6)
Profit Attributable to Ordinary Equity Holders of the Parent	1,098	1,542	(444)	(28.8)	3,336	5,101	(1,765)	(34.6)

The Group's revenue for the 9 months ended 31 March 2026 recorded at RM20.9 million, higher by RM466,000 or 2% compared to the same correspondence period last year. The higher revenue was attributed by higher revenue recorded in ASP segment as a result of higher trading volume, partially offset by lower AS revenue.

The PBT recorded at RM4.7 million, lower by RM2.1 million, while PAT recorded at RM3.3 million, lower by RM1.8 million, mainly due to one off written back provision in the previous year quarter couple with higher operating expenses.

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

B. EXPLANATORY NOTES AS PER MAIN MARKET LISTING REQUIREMENTS (APPENDIX 9B)

B2. Variation of Results against Preceding Quarter

	Current Quarter	Immediate Preceding Quarter	Changes
	31/03/26	31/12/25
	RM'000	RM'000	RM'000	%
Revenue	7,133	6,845	288	4%
Operating Profit	1,622	1,471	151	10%
Profit Before Interest and Tax	1,436	1,348	88	7%
Profit Before Tax	1,591	1,467	124	8%
Profit After Tax	1,098	1,034	64	6%
Profit Attributable to Ordinary Equity Holders of the Parent	1,098	1,034	64	6%

The Group's revenue for current quarter ended 31 March 2026 was RM7.1 million, higher by RM288,000 or 4% compared to immediate preceding quarter. The increase is mainly due to higher revenue in ASP segment.

PBT recorded at RM1.6 million higher by RM124,000 mainly due to higher revenue recorded. PAT recorded at RM1.1 million.

B3. Prospects for 2026

The ongoing US-Iran war and US trade war with major trading nations globally continues to erode business confidence and stoke economic uncertainty. Back home, Malaysian economy expanded by 5.4% in the first quarter of 2026. While this is a moderation from the 6.3% growth recorded in the final quarter of 2025, the central bank described the performance as "firm," driven largely by resilient domestic demand and a rebounding electronics sector. Full-year growth for 2026 to fall within the 4% to 5% range. However, global trade situation continues to dampen overall business outlook, which has a spillover effect on Bursa exchange market sentiment and trading volume.

Notwithstanding the unfavourable market condition, the Group continues to enhance its existing system capability and develop new products and services to refresh and expand its service and product line-up, including building Artificial Intelligence (AI) technology into our upcoming offerings. Concurrently, the Group seeks to improve productivity and efficiency in resource utilisation, monitor our spend, review processes and procedures to reduce waste, with the aim of ensuring margin growth.

Barring any unforeseen circumstances, the Group is cautiously optimistic on the performance of our business ahead.

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

B. EXPLANATORY NOTES AS PER MAIN MARKET LISTING REQUIREMENTS (APPENDIX 9B) (continued)

B4. Variance of Profit Forecast and Shortfall in Profit Guarantee

The Group has not issued any profit forecast nor profit guarantee for the current financial quarter under review and the financial year.

B5. Taxation

The taxation charge for the individual financial quarter and the financial period are as follows:

	Individual Financial Quarter Ended		Year-to-date Ended
	31.03.2026	31.03.2025	31.03.2026	31.03.2025
	RM'000	RM'000	RM'000	RM'000
Income tax	493	591	1,394	1,774
Deferred tax	-	-	-	-
	493	591	1,394	1,774

B6. Status of Corporate Proposals

There were no corporate proposals announced as at the date of this quarterly report.

B7. Trade and Other Receivables

	RM'000
Trade receivables	5,149
Other receivables	17,640
	22,789

Analysis of the trade receivables ageing of the Group is as follows:

	RM'000
0 – 30 days	3,646
31 – 60 days	448
61 – 90 days	776
91 – 120 days	108
121 – 150 days	9
More than 150 days	243
	5,230
Expected Credit Loss	(53)
Impairment (specific)	(28)
Net trade receivables	5,149

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

B. EXPLANATORY NOTES AS PER MAIN MARKET LISTING REQUIREMENTS (APPENDIX 9B) (continued)

B8. Group Borrowings and Debt Securities

There is no new borrowings and debt securities for the quarter under review.

B9. Off Balance Sheet Financial Instruments

The Company does not have any off-balance sheet financial instruments as at the date of this report.

B10. Material Litigation

The Group is not engaged in any material litigation and the Board does not have any knowledge of any proceedings pending or threaten against the Group as at the date of this report.

B11. Dividends

There is no dividend declared for the period under review.

B12. Earnings per Share ("EPS")

	Individual Financial Quarter Ended		Year to date Quarter Ended
	31.03.26	31.03.25	31.03.26	31.03.25
Basic EPS/Diluted EPS
Net profit attributable to the equity holders of the Company (RM'000)	1,098	1,542	3,336	5,101
Weighted average number of ordinary shares in issue ('000)	609,878	609,878	609,878	609,878
Basic EPS (sen)	0.18	0.25	0.55	0.84

The calculation of the basic/diluted EPS is based on the net profit attributable to equity holders of the parent for the current financial quarter / year ended 31 March, divided by the weighted average number of ordinary shares outstanding during the financial year.

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EXCELFORCE

30yrs

[Registration No.: 200201003114 (Company No.: 570777-X)]

(Incorporated in Malaysia)

B. EXPLANATORY NOTES AS PER MAIN MARKET LISTING REQUIREMENTS (APPENDIX 9B) (continued)

B13. Profit for the period

	Individual Financial Quarter Ended		Year-to-date Ended
	31.03.26 RM'000	31.03.25 RM'000	31.03.26 RM'000	31.03.25 RM'000
Profit for the year is arrived after charging:
Amortisation of development costs	661	691	1,983	2,102
Depreciation of property, plant and equipment	256	237	776	714
Depreciation of right of used assets	164	154	498	461
Loss on foreign exchange	16	1	100	21
and after crediting:
Gain on disposal of PPE	-	-	-	1
Gain on foreign exchange	1	-2	-7	-6
Interest income from deposits with licensed bank	31	32	105	156