FOUNDPAC GROUP BERHAD — Interim / Quarterly Report 2026

May 17, 2026

FoundPac®

FOUNDPAC GROUP BERHAD
(Registration No. 201501040628 (1165946-H))
(Incorporated in Malaysia)

CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Unaudited Condensed Consolidated Statement of Comprehensive Income for the Financial Period Ended 31 March 2026

	Note	Individual Quarter Corresponding		Cumulative Period Corresponding
		Current Quarter Ended 31/03/2026 RM'000	Preceding Quarter Ended 31/03/2025 RM'000	Current Period-To-Date Ended 31/03/2026 RM'000	Preceding Period-To-Date Ended 31/03/2025 RM'000
Revenue		13,823	15,022	40,693	47,925
Cost of goods sold		(7,735)	(10,082)	(22,389)	(32,789)
Gross profit		6,088	4,940	18,304	15,136
Other income		1,181	948	2,922	2,903
Administrative expenses		(2,050)	(2,682)	(6,418)	(9,926)
Distribution expenses		(432)	(423)	(1,207)	(1,321)
Results from operating activities		4,787	2,783	13,601	6,792
Finance income		266	225	792	729
Finance costs		(316)	(387)	(978)	(583)
Net finance (costs)/income		(50)	(162)	(186)	146
Profit before tax	B11	4,737	2,621	13,415	6,938
Tax expense	B5	(1,296)	(964)	(3,666)	(2,901)
Profit for the financial period		3,441	1,657	9,749	4,037
Other comprehensive income for the financial period		-	-	-	-
Total comprehensive income for the financial period		3,441	1,657	9,749	4,037
Profit/(Loss) for the financial period attributable to:
- Owners of the Company		3,511	1,905	9,823	5,204
- Non-controlling interests		(70)	(248)	(74)	(1,167)
		3,441	1,657	9,749	4,037
Total comprehensive income for the financial period attributable to:
- Owners of the Company		3,511	1,905	9,823	5,204
- Non-controlling interests		(70)	(248)	(74)	(1,167)
		3,441	1,657	9,749	4,037
Earnings per share:	B10
- Basic (sen)		0.64	0.35	1.80	0.95
- Diluted (sen)		0.64	0.35	1.80	0.95

Note:-
The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited financial statements for the financial year ended 30 June 2025 and the accompanying explanatory notes attached to this interim financial report.

Page 1

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Unaudited Condensed Consolidated Statement of Financial Position as at 31 March 2026

| | As at
31/03/2026
(Unaudited)
RM'000 | As at
30/06/2025
(Audited)
RM'000 |
| --- | --- | --- |
| NON-CURRENT ASSETS | | |
| Property, plant and equipment | 31,032 | 33,183 |
| Investment properties | 34,000 | 34,000 |
| Right-of-use assets | 27,620 | 28,747 |
| Goodwill | 8,950 | 8,950 |
| Deferred tax assets | 111 | 111 |
| | 101,713 | 104,991 |
| CURRENT ASSETS | | |
| Inventories | 5,500 | 4,101 |
| Trade and other receivables | 10,214 | 9,899 |
| Current tax assets | 230 | 475 |
| Cash and cash equivalents | 37,401 | 27,001 |
| | 53,345 | 41,476 |
| CURRENT LIABILITIES | | |
| Loans and borrowings | 1,921 | 1,967 |
| Lease liabilities | 60 | 234 |
| Trade and other payables | 9,454 | 6,096 |
| Contract liabilities | 96 | 301 |
| Current tax liabilities | 1,158 | 1,231 |
| | 12,689 | 9,829 |
| NET CURRENT ASSETS | 40,656 | 31,647 |
| NON-CURRENT LIABILITIES | | |
| Loans and borrowings | 31,998 | 33,396 |
| Deferred tax liabilities | 2,843 | 2,802 |
| | 34,841 | 36,198 |
| NET ASSETS | 107,528 | 100,440 |
| EQUITY | | |
| Share capital | 63,141 | 63,141 |
| Share option reserve | 2,052 | 1,990 |
| Treasury shares | (1,828) | (1,828) |
| Revaluation surplus | 2,351 | 2,351 |
| Retained profits | 41,699 | 34,601 |
| Equity attributable to owners of the Company | 107,415 | 100,255 |
| Non-controlling interests | 113 | 185 |
| TOTAL EQUITY | 107,528 | 100,440 |
| Net assets per share attributable to owners of the Company (sen) | 19.70 | 18.41 |

Note:-
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited financial statements for the financial year ended 30 June 2025 and the accompanying explanatory notes attached to this interim financial report.

Page 2

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Unaudited Condensed Consolidated Statement of Changes in Equity for the Financial Period Ended 31 March 2026

	Attributable to owners of the Company
	Non-distributable			Distributable			Equity attributable to owners of the Company RM'000	Non-controlling interests RM'000
	Share capital RM'000	Treasury shares RM'000	Share option reserve RM'000	Revaluation surplus RM'000	Retained profits RM'000	Equity attributable to owners of the Company RM'000
At 1 July 2025	63,141	(1,828)	1,990	2,351	34,601	100,255	185	100,440
Purchase of own shares	-	-	-	-	-	-	-	-
Issue of shares pursuant to ESOS	-	-	-	-	-	-	-	-
Share-based payments	-	-	62	-	(2)	60	2	62
Dividends paid	-	-	-	-	(2,723)	(2,723)	-	(2,723)
Total transactions with owners of the Company	-	-	62	-	(2,725)	(2,663)	2	(2,661)
Profit/(Loss) and total comprehensive income/(expense) for the financial period	-	-	-	-	9,823	9,823	(74)	9,749
At 31 March 2026	63,141	(1,828)	2,052	2,351	41,699	107,415	113	107,528
At 1 July 2024	62,393	(1,410)	2,885	2,351	40,143	106,362	337	106,699
Purchase of own shares	-	(365)	-	-	-	(365)	-	(365)
Issue of shares pursuant to ESOS	748	-	(199)	-	-	549	-	549
Share-based payments	-	-	313	-	(17)	296	17	313
Disposal of subsidiary	-	-	-	-	-	-	8	8
Dividends paid	-	-	-	-	(2,727)	(2,727)	-	(2,727)
Total transactions with owners of the Company	748	(365)	114	-	(2,744)	(2,247)	25	(2,222)
Profit/(Loss) and total comprehensive income/(expense) for the financial period	-	-	-	-	5,204	5,204	(1,167)	4,037
At 31 March 2025	63,141	(1,775)	2,999	2,351	42,603	109,319	(805)	108,514

Note:-
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the audited financial statements for the financial year ended 30 June 2025 and the accompanying explanatory notes attached to this interim financial report.

Page 3

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Unaudited Condensed Consolidated Statement of Cash Flows for the Period Ended 31 March 2026

| | Current
Period-To-Date
Ended 31/3/2026
RM'000 | Corresponding
Preceding
Period-To-Date
Ended 31/3/2025
RM'000 |
| --- | --- | --- |
| CASH FLOWS FROM OPERATING ACTIVITIES | | |
| Profit before tax | 13,415 | 6,938 |
| Adjustments for: | | |
| Depreciation of property, plant and equipment | 2,281 | 3,001 |
| Depreciation of right-of-use assets | 1,127 | 937 |
| Gain on disposal of subsidiary | - | (16) |
| Gain on disposal of property, plant and equipment | (6) | (64) |
| Finance costs | 978 | 583 |
| Finance income | (792) | (729) |
| Share-based payments | 62 | 313 |
| Unrealised (gain)/loss on foreign exchange | (307) | 8 |
| Operating profit before working capital changes | 16,758 | 10,971 |
| Changes in: | | |
| Inventories | (1,399) | 652 |
| Trade and other receivables | (195) | 6,109 |
| Trade and other payables | 3,343 | 81 |
| Contract liabilities | (205) | 565 |
| Cash generated from operations | 18,302 | 18,378 |
| Tax paid | (3,453) | (2,233) |
| Net cash from operating activities | 14,849 | 16,145 |
| CASH FLOWS FROM INVESTING ACTIVITIES | | |
| Acquisition of property, plant and equipment | (130) | (46,148) |
| Interest received | 792 | 729 |
| Proceeds from disposal of property, plant and equipment | 6 | 68 |
| Disposal of subsidiaries, net of cash disposed of | - | (3) |
| Net cash from/(used in) investing activities | 668 | (45,354) |
| CASH FLOWS FROM FINANCING ACTIVITIES | | |
| Dividends paid | (2,723) | (2,727) |
| Interest paid | (978) | (583) |
| Proceeds from exercise of ESOS | - | 549 |
| Drawdown of term loan, net | - | 37,692 |
| Payment of lease liabilities | (174) | (709) |
| Purchase of own shares | - | (365) |
| Repayment of term loan | (1,444) | (1,846) |
| Net cash (used in)/from financing activities | (5,319) | 32,011 |
| Net increase in cash and cash equivalents | 10,198 | 2,802 |
| Effect of exchange rate fluctuations on cash held | 202 | 21 |
| Cash and cash equivalents brought forward | 27,001 | 27,837 |
| Cash and cash equivalents carried forward | 37,401 | 30,660 |
| Analysis of cash and cash equivalents: | | |
| - Cash and bank balances | 1,145 | 2,189 |
| - Term deposits | 7,298 | 9,780 |
| - Short term funds at fair value | 28,958 | 18,691 |
| | 37,401 | 30,660 |

Note:-
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited financial statements for the financial year ended 30 June 2025 and the accompanying explanatory notes attached to this interim financial report.

Page 4

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Explanatory Notes to Condensed Consolidated Financial Statements – 31 March 2026

Part A: Explanatory Notes Pursuant to Malaysian Financial Reporting Standard ("MFRS") 134, Interim Financial Reporting

A1 Basis of Preparation

This interim financial report has been prepared in accordance with MFRS 134: Interim Financial Reporting and Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The interim financial report should be read in conjunction with the audited financial statements of the Group for the financial year ended 30 June 2025 and the accompanying explanatory notes attached to this interim financial report.

The following are accounting standards and amendments of the MFRS Accounting Standards that have been issued by the Malaysian Accounting Standards Board ("MASB") but have not been adopted by the Group:

MFRS Accounting Standards and amendments	Effective for annual periods beginning on or after
Amendments to MFRS 9, Financial Instruments and MFRS 7, Financial Instruments: Disclosures - Classification and Measurement of Financial Instruments	1 January 2026
Amendments that are part of Annual Improvements - Volume 11:	1 January 2026
• Amendments to MFRS 1, First-time Adoption of Malaysian Financial Reporting Standards
• Amendments to MFRS 7, Financial Instruments: Disclosures
• Amendments to MFRS 9, Financial Instruments
• Amendments to MFRS 10, Consolidated Financial Statements
• Amendments to MFRS 107, Statement of Cash Flows
Amendments to MFRS 9, Financial Instruments and MFRS 7, Financial Instruments: Disclosures – Contracts Referencing Nature-dependent Electricity	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 10, Consolidated Financial Statements and MFRS 128, Investments in Associates and Joint Ventures - Sale or Contribution of Assets between an Investor and its Associate or Joint Venture	date yet to be confirmed

The Group plans to apply the abovementioned standards and amendments where applicable, in the respective financial years when the above standards and amendments become effective.

The initial application of the above standards and amendments is not expected to have any material financial impact to the current period and prior period financial statements of the Group.

Page 5

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Explanatory Notes to Condensed Consolidated Financial Statements – 31 March 2026

Part A: Explanatory Notes Pursuant to MFRS 134, Interim Financial Reporting (Cont'd)

A2 Seasonality or Cyclicality of Operations

The business operations of the Group were not materially affected by any seasonal or cyclical factor.

A3 Unusual Items Due to Their Nature, Size or Incidence

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

A4 Significant Estimates and Changes in Estimates

There were no changes in estimates of amounts reported in prior interim period of current financial year or change in estimates of amounts reported in prior financial year.

A5 Debt and Equity Securities

There were no issuances, cancellations, repurchases, resale or repayments of debt and equity securities during the current quarter under review.

A6 Dividends Paid

No dividend was paid during the current quarter under review.

A7 Segmental Information

Operating Segments

The Group is organised into business units based on their products and services and has the following reportable operating segments:

(i) Precision engineering ("PE")* - Design, development, manufacture, marketing and sale of stiffeners, test sockets, hand lids and related accessories
(ii) Laser stencils - Manufacture and sale of laser stencils
(iii) Automation - Manufacture of industrial equipment and machinery
(iv) Cables and connectors - Manufacture and sale of accessory cables and connectors

*Included in PE segment are properties comprising land and buildings used by the Group for PE operations, leased to earn passive income and a property acquired in the financial year ended 30 June 2025, which came with existing tenant for which the Group intends to occupy for own use upon expiry of the rental agreement in the near future. The leased properties are presented within the PE segment as the primary business of the Group is not to engage in the business of property investment and the income and expenses were not reported separately to the Chief Operating Decision Maker for decision making.

The Group has disposed its cables and connectors segment which was involved in the manufacture and sale of accessory cables and connectors in the financial year ended 30 June 2025.

Page 6

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Explanatory Notes to Condensed Consolidated Financial Statements – 31 March 2026

Part A: Explanatory Notes Pursuant to MFRS 134, Interim Financial Reporting (Cont'd)

A7 Segmental Information (Cont'd)

Operating Segments (Cont'd)

	Precision engineering RM'000	Laser stencils RM'000	Automation RM'000	Cables and connectors RM'000	Unallocated non-reportable segments RM'000	Total RM'000
Financial Period Ended 31 March 2026
Statement of Financial Position
Segment assets	116,732	15,351	4,857	-	18,118	155,058
Included in the measure of segment assets are:
- Additions to non-current assets	49	78	3	-	-	130
Segment liabilities	44,536	571	2,277	-	146	47,530
Statement of Comprehensive Income
Segment profit/(loss)	9,702	377	(245)	-	(85)	9,749
Included in the measure of segment profit/(loss) are:
- External revenue	33,881	3,991	2,821	-	-	40,693
- Intersegment revenue	-	2	-	-	-	2
- Interest and fund distribution income	327	124	19	-	322	792
- Non-cash income	282	1	24	-	-	307
- Interest expense	972	6	-	-	-	978
- Depreciation	2,888	485	35	-	-	3,408
- Other non-cash expenses	39	17	6	-	-	62
- Tax expense	3,654	-	-	-	12	3,666

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Explanatory Notes to Condensed Consolidated Financial Statements – 31 March 2026

Part A: Explanatory Notes Pursuant to MFRS 134, Interim Financial Reporting (Cont'd)

A7 Segmental Information (Cont'd)

Operating Segments (Cont'd)

	Precision engineering RM'000	Laser stencils RM'000	Automation RM'000	Cables and connectors RM'000	Unallocated non-reportable segments RM'000	Total RM'000
Financial Period Ended 31 March 2025
Statement of Financial Position
Segment assets	120,778	18,127	4,821	13,694	1,367	158,787
Included in the measure of segment assets are:
- Additions to non-current assets	44,585	1,426	7	172	-	46,190
Segment liabilities	42,837	860	911	5,508	157	50,273
Statement of Comprehensive Income
Segment profit /(loss)	8,727	(597)	(1,005)	(2,633)	(455)	4,037
Included in the measure of segment profit/(loss) are:
- External revenue	28,651	2,667	1,873	14,733	1	47,925
- Intersegment revenue	9	3	-	157	-	169
- Interest and fund distribution income	500	150	40	-	39	729
- Non-cash income	59	-	-	-	16	75
- Interest expense	490	15	-	78	-	583
- Depreciation	2,559	305	34	1,040	-	3,938
- Other non-cash expenses	192	52	33	91	12	380
- Tax expense	2,895	4	1	-	1	2,901

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Explanatory Notes to Condensed Consolidated Financial Statements – 31 March 2026

Part A: Explanatory Notes Pursuant to MFRS 134, Interim Financial Reporting (Cont'd)

A7 Segmental Information (Cont'd)

Geographical Information

The Group operates principally in Malaysia and generates revenue from the following geographical locations of customers:-

	Individual Quarter		Cumulative
	3 Months Ended		Financial Period Ended
	31/03/2026 RM'000	31/03/2025 RM'000	31/03/2026 RM'000	31/03/2025 RM'000
Malaysia	2,840	6,319	8,462	17,391
America	4,857	4,654	14,112	14,936
Europe	2,859	1,738	7,399	6,925
Other Asian countries	3,267	2,279	10,675	8,548
Others	-	32	45	125
	13,823	15,022	40,693	47,925

A8 Contractual Commitments

There were no significant contractual commitments for the Group as at 31 March 2026.

A9 Changes in Composition

There were no significant changes in the composition of the Group during the current quarter under review.

A10 Contingencies

There were no significant changes in contingent assets and contingent liabilities since 30 June 2025.

A11 Material events subsequent to the end of the quarter

There were no material events subsequent to 31 March 2026 that have not been reflected in this interim financial report.

A12 Significant Related Party Transactions

There were no significant related party transactions during the current quarter under review.

A13 Financial Instruments

Derivatives

There were no outstanding derivatives as at 31 March 2026.

Fair Value Changes of Financial Liabilities

The Group does not remeasure its financial liabilities at fair value after the initial recognition.

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Explanatory Notes to Condensed Consolidated Financial Statements – 31 March 2026

Part A: Explanatory Notes Pursuant to MFRS 134, Interim Financial Reporting (Cont'd)

A13 Financial Instruments (Cont'd)

Fair Value

The Group uses valuation techniques which include the following or a combination thereof:-

(i) Market approach - which uses prices and other relevant information generated by market transactions involving identical or comparable (i.e. similar) assets, liabilities or a group of assets and liabilities.

(ii) Cost approach - which reflects the amount that would be required currently to replace the service capacity of an asset.

(iii) Income approach - which converts future amounts (e.g. cash flows or income and expenses) to a single current (i.e. discounted) amount.

The inputs to valuation techniques used to measure fair value are categorised into the following levels of fair value hierarchy:-

(i) Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.

(ii) Level 2 - inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

(iii) Level 3 - unobservable inputs for the asset or liability.

Any transfers between the levels of fair value hierarchy are deemed to have occurred at the end of the reporting period.

Non-financial Assets

Fair value of buildings is categorised as level 3 of the fair value hierarchy due to the use of significant unobservable inputs.

The fair values are derived based on valuations carried out by independent external valuers using the income capitalisation approach.

Financial Assets and Financial Liabilities

The carrying amounts of receivables, cash and bank balances and payables which are short-term in nature or repayable on demand are reasonable approximations of fair values.

The fair values of short-term funds are directly measured using their unadjusted market values quoted by financial institutions (i.e. Level 1).

Page 10

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FOUNDPAC GROUP BERHAD
(Incorporated in Malaysia)
Registration No.: 201501040628 (1165946-H)
Explanatory Notes to Condensed Consolidated Financial Statements – 31 March 2026

Part B: Explanatory Notes Pursuant to Main Market Listing Requirements of Bursa Malaysia Securities Berhad

B1 Review of Performance

• Comparison with Corresponding Period and Cumulative Period of Preceding Year

	Individual Quarter				Cumulative
	3 Months Ended				Financial Period Ended
	31/03/2026	31/03/2025	Variance		31/03/2026	31/03/2025	Variance
	RM'000	RM'000	RM'000	%	RM'000	RM'000	RM'000	%
Revenue	13,823	15,022	(1,199)	(7.98)	40,693	47,925	(7,232)	(15.09)
Profit before tax	4,737	2,621	2,116	80.73	13,415	6,938	6,477	93.36
Profit for the financial period	3,441	1,657	1,784	107.66	9,749	4,037	5,712	141.49
Profit attributable to owners of the Company	3,511	1,905	1,606	84.30	9,823	5,204	4,619	88.76

Current Period vs Corresponding Preceding Period

For the current quarter, the Group recorded a revenue of RM13.823 million and profit before tax ("PBT") of RM4.737 million.

The decrease in revenue for the current quarter by RM1.199 million or 7.98% as compared to RM15.022 million in the corresponding preceding quarter ended 31 March 2025 ("Corresponding Preceding Quarter") was due mainly to the absence of revenue from cables and connectors segment which was disposed in the quarter ended 30 June 2025, offset by the higher revenue from PE and laser stencils segments. The cables and connectors segment recorded a revenue of RM4.604 million in the Corresponding Preceding Quarter compared to nil in the current quarter.

Export sales remained as the primary contributor to the Group's total revenue, which accounted for RM10.983 million or 79.45% of the Group's total revenue for the current quarter against RM8.703 million or 57.94% for the Corresponding Preceding Quarter. The increase in export sales percentage in the current quarter was driven by the absence of revenue from the cables and connectors segment, which primarily served the domestic market.

The PBT of RM4.737 million recorded for the current quarter, represented an increase of RM2.116 million or 80.73% as compared to PBT of RM2.621 million recorded in the Corresponding Preceding Quarter. The higher PBT was primarily due to the improved profit from PE segment, the absence of loss-making cables and connectors segment, the turnaround of laser stencils segment from loss to profit and reduced loss from the automation segment.

Current Cumulative Period vs Corresponding Preceding Cumulative Period

For the current financial period to-date, the Group recorded a revenue of RM40.693 million and PBT of RM13.415 million.

The decrease in revenue for current financial period to-date, representing a reduction of RM7.232 million or 15.09% was mainly due to the absence of revenue from cables and connectors segment which was disposed in the quarter ended 30 June 2025, offset by the higher sales from PE, laser stencils and automation segments. The cables and connectors segment recorded a total revenue of RM14.733 million in the Corresponding Preceding Cumulative Period compared to nil in the Current Cumulative Period.

Export sales accounted for RM32.231 million or 79.21% of the Group's total revenue for the current cumulative period against RM30.534 million or 63.71% of the Group's total revenue for the Corresponding Preceding Cumulative Period. The increase in export sales percentage was driven by the absence of revenue from the cables and connectors segment, which primarily served the domestic market.

Page 11

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Explanatory Notes to Condensed Consolidated Financial Statements – 31 March 2026

Part B: Explanatory Notes Pursuant to Main Market Listing Requirements of Bursa Malaysia Securities Berhad (Cont'd)

B1 Review of Performance (Cont'd)

• Comparison with Corresponding Period and Cumulative Period of Preceding Year (Cont'd)

Current Cumulative Period vs Corresponding Preceding Cumulative Period (Cont'd)

The Group recorded a PBT of RM13.415 million for the current financial period to-date, representing an increase of RM6.477 million or 93.36% as compared to a PBT of RM6.938 million recorded in the Corresponding Preceding Cumulative Period. The increase in PBT was mainly due to the improved profit from PE segment, the absence of loss making cables and connectors segment, the turnaround of laser stencils segment from loss to profit and reduced loss from the automation segment.

B2 Review of Performance

• Comparison between Current Quarter and Immediate Preceding Quarter

	Individual Quarter
	3 Months Ended
	31/03/2026 RM'000	31/12/2025 RM'000	Variance RM'000	%
Revenue	13,823	14,090	(267)	(1.89)
Profit before tax	4,737	4,619	118	2.55
Profit for the financial period	3,441	3,403	38	1.12
Profit attributable to owners of the Company	3,511	3,318	193	5.82

The Group recorded a revenue of RM13.823 million in the current quarter, which was lower by RM0.267 million or 1.89% than RM14.090 million recorded in the Immediate Preceding Quarter mainly due to lower revenue from the laser stencils and automation segments.

Despite the lower revenue, PBT for the current quarter increased by RM0.118 million or 2.55% from RM4.619 million in the Immediate Preceding Quarter to RM4.737 million, mainly due to the improved performance from the PE segment.

B3 Commentary on Prospects

While geopolitical uncertainties and currency volatility are expected to remain challenging, the Group anticipates a positive outlook, supported by resilient demand in the semiconductor industry, fueled by advancements in artificial intelligence and data centre infrastructure. On the overall, the Group is optimistic in recording improved financial performance for the financial year, underpinned by strong order book and the absence of the loss-making cables and connectors segment.

B4 Profit Forecast

The Group does not issue any profit forecast in any form of public documentation and announcement.

Page 12

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Explanatory Notes to Condensed Consolidated Financial Statements – 31 March 2026

Part B: Explanatory Notes Pursuant to Main Market Listing Requirements of Bursa Malaysia Securities Berhad (Cont'd)

B5 Tax Expense

	Individual Quarter		Cumulative
	3 Months Ended		Financial Period Ended
	31/03/2026 RM'000	31/03/2025 RM'000	31/03/2026 RM'000	31/03/2025 RM'000
Current tax	1,255	985	3,625	2,964
Deferred tax	41	(21)	41	(63)
	1,296	964	3,666	2,901

The effective tax rate of the Group for the current quarter, Corresponding Preceding Quarter, Cumulative Period to-date and Corresponding Preceding Cumulative Period were higher than the statutory tax rate of 24%. These were mainly due to losses in certain subsidiaries which were not available for set off against taxable profit in other subsidiaries within the Group.

B6 Status of Corporate Proposals

There were no corporate proposals announced but not completed as at the date of this interim financial report.

B7 Loans and Borrowings

The Group's loans and borrowings as at the end of the reporting quarter are as follows:

	Short-term RM'000	Long-term RM'000	Total RM'000
Term loan (secured)	1,921	31,998	33,919

The Group had no foreign currency loans and borrowings.

B8 Changes in Material Litigation

As at the date of this interim financial report, there is no litigation or arbitration against the Group which has a material effect on the financial position of the Group, and the Board is not aware of any material proceedings pending or of any fact likely to give rise to any proceedings.

B9 Dividend

A tax exempt second interim dividend of 1.0 sen per share in respect of the financial year ending 30 June 2026 has been declared on 18 May 2026 and shall be paid on 25 June 2026 to depositors registered in the records of Depositors at the close of business on 10 June 2026. The interim report does not reflect this dividend. Such dividend will be accounted for in equity as appropriation of retained profits in the quarter ending 30 June 2026.

In the previous corresponding period, a single tier final dividend of 1.0 sen in respect of the financial year ended 30 June 2025 was paid on 24 June 2025.

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FOUNDPAC GROUP BERHAD

(Incorporated in Malaysia)

Registration No.: 201501040628 (1165946-H)

Explanatory Notes to Condensed Consolidated Financial Statements – 31 March 2026

Part B: Explanatory Notes Pursuant to Main Market Listing Requirements of Bursa Malaysia Securities Berhad (Cont'd)

B10 Earnings Per Share

| | Individual Quarter
3 Months Ended | | Cumulative
Financial Period Ended | |
| --- | --- | --- | --- | --- |
| | 31/03/2026 | 31/03/2025 | 31/03/2026 | 31/03/2025 |
| Profit attributable to owners of the Company (RM'000) | 3,511 | 1,905 | 9,823 | 5,204 |
| Weighted average number of ordinary shares in issue
for computing basic earnings per share ('000) | 545,320 | 544,880 | 545,320 | 545,375 |
| Basic earnings per ordinary share (sen) | 0.64 | 0.35 | 1.80 | 0.95 |
| Weighted average number of ordinary shares in issue
for computing diluted earnings per share ('000) | 545,320 | 544,880 | 545,320 | 545,375 |
| Diluted earnings per ordinary share (sen) | 0.64 (1) | 0.35 (1) | 1.80 (1) | 0.95 (1) |

Note:-
(1) The diluted earnings per share equals the basic earnings per share due to the anti-dilutive effect of the share options which has been ignored in calculating the diluted earnings.

B11 Profit Before Tax

| | Individual Quarter
3 Months Ended | | Cumulative
Financial Period Ended | |
| --- | --- | --- | --- | --- |
| | 31/03/2026
RM'000 | 31/03/2025
RM'000 | 31/03/2026
RM'000 | 31/03/2025
RM'000 |
| Profit before tax is arrived at after charging/(crediting): | | | | |
| Depreciation of property, plant and equipment | 757 | 1,274 | 2,281 | 3,001 |
| Depreciation of right-of-use assets | 376 | 313 | 1,127 | 937 |
| Fair value gains on financial instruments | (198) | (178) | (558) | (580) |
| Realised loss/(gain) on foreign exchange | 752 | 112 | 847 | 922 |
| Unrealised (gain)/loss on foreign exchange | (562) | (11) | (307) | 8 |
| Gain on disposal of property, plant and equipment | (1) | (64) | (6) | (64) |
| Gain on disposal of subsidiary | - | - | - | (16) |
| Interest expense | 316 | 387 | 978 | 583 |
| Interest income | (68) | (47) | (234) | (149) |
| Operating lease income from investment properties | (827) | (750) | (2,482) | (2,250) |
| Share-based payments | 11 | 24 | 62 | 313 |
| Rental income | (732) | (732) | (2,196) | (1,139) |

Save for the above, the other items as required under Paragraph 16 of Part A of Appendix 9B of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad are not applicable.

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