GREATECH TECHNOLOGY BERHAD — Interim / Quarterly Report 2026

May 24, 2026

GREATECH

GREATECH TECHNOLOGY BERHAD

(Company No. 201801008633 (1270647-H))

(Incorporated in Malaysia under the Companies Act 2016)

INTERIM FINANCIAL REPORT

FOR THE FIRST QUARTER ENDED

31 MARCH 2026

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GREATECH

GREATECH TECHNOLOGY BERHAD

(Company No. 201801008633 (1270647-H))

(Incorporated in Malaysia under the Companies Act 2016)

Interim Financial Report For The First Quarter Ended 31 March 2026

GREATECH

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026 (1)

| | Unaudited
as at
31/3/2026
RM'000 | Audited
as at
31/12/2025
RM'000 |
| --- | --- | --- |
| ASSETS | | |
| Non-current assets | | |
| Property, plant and equipment | 421,041 | 428,630 |
| Right-of-use assets | 101,488 | 102,640 |
| Intangible assets | 1,226 | 1,380 |
| Goodwill on consolidation | 14,933 | 15,361 |
| | 538,688 | 548,011 |
| Current assets | | |
| Inventories | 60,547 | 38,012 |
| Trade and other receivables | 214,238 | 106,878 |
| Contract assets | 204,415 | 220,344 |
| Current tax assets | 2,367 | 2,114 |
| Short term funds | 74,282 | 54,019 |
| Cash and bank balances | 225,005 | 227,163 |
| | 780,854 | 648,530 |
| TOTAL ASSETS | 1,319,542 | 1,196,541 |
| EQUITY AND LIABILITIES | | |
| Equity attributable to owners of the parent | | |
| Share capital | 136,150 | 136,150 |
| Reserves | 891,608 | 866,528 |
| TOTAL EQUITY | 1,027,758 | 1,002,678 |
| Non-current liabilities | | |
| Borrowings | 10,342 | 10,616 |
| Lease liabilities | 3,539 | 4,009 |
| Deferred tax liabilities | 24,344 | 24,748 |
| Government grant | 9 | 16 |
| | 38,234 | 39,389 |
| Current liabilities | | |
| Trade and other payables | 125,410 | 62,701 |
| Contract liabilities | 64,531 | 34,463 |
| Provision for warranties | 16,063 | 15,561 |
| Derivative liabilities | 23 | - |
| Borrowings | 41,394 | 34,378 |
| Lease liabilities | 1,827 | 1,932 |
| Government grant | 49 | 56 |
| Current tax liability | 4,253 | 5,383 |
| | 253,550 | 154,474 |
| TOTAL LIABILITIES | 291,784 | 193,863 |
| TOTAL EQUITY AND LIABILITIES | 1,319,542 | 1,196,541 |

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026 (1)

| | Unaudited
as at
31/3/2026 | Audited
as at
31/12/2025 |
| --- | --- | --- |
| Number of ordinary shares in issue ('000) | 2,514,544 | 2,514,544 |
| Net assets per share attributable to owners of the parent (RM) | 0.4087 | 0.3988 |

(1) The Unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the Group’s audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial report.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (1)

| | Individual Quarter
3 months ended | | Cumulative Quarter
3 months ended | |
| --- | --- | --- | --- | --- |
| | 31/3/2026
RM'000 | 31/3/2025
RM'000 | 31/3/2026
RM'000 | 31/3/2025
RM'000 |
| Revenue | 178,992 | 175,386 | 178,992 | 175,386 |
| Cost of sales | (133,135) | (116,933) | (133,135) | (116,933) |
| Gross profit | 45,857 | 58,453 | 45,857 | 58,453 |
| Other income | 11,577 | 3,062 | 11,577 | 3,062 |
| Net gains/(losses) on impairment of
financial assets | 177 | (284) | 177 | (284) |
| Administrative and marketing expenses | (27,826) | (18,004) | (27,826) | (18,004) |
| Finance cost | (608) | (274) | (608) | (274) |
| Profit before tax | 29,177 | 42,953 | 29,177 | 42,953 |
| Taxation | (2,283) | (6,034) | (2,283) | (6,034) |
| Profit for the financial period | 26,894 | 36,919 | 26,894 | 36,919 |
| Other comprehensive (expense)/income | | | | |
| Item that may be reclassified
subsequently to profit or loss | | | | |
| Foreign currency translations | (1,814) | 454 | (1,814) | 454 |
| Total comprehensive income for
the financial period attributable
to owners of the parent | 25,080 | 37,373 | 25,080 | 37,373 |
| Earnings per ordinary
share attributable to owners
of the parent (sen) | | | | |
| - Basic (2) | 1.07 | 1.47 | 1.07 | 1.47 |
| - Diluted (2) | 1.07 | 1.47 | 1.07 | 1.47 |

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (1)

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

(2) Based on weighted average number of ordinary shares in issue during the financial period under review.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (1)

	Non-distributable					Distributable
	Share capital	Exchange translation reserve	Reorganisation debit reserve	Revaluation reserve	Share grant reserve	Retained earnings	Total equity
	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000
Balance as at 1 January 2026	136,150	(2,855)	(39,500)	29,528	-	879,355	1,002,678
Profit for the financial period	-	-	-	-	-	26,894	26,894
Foreign currency translations	-	(1,814)	-	-	-	-	(1,814)
Other comprehensive income, net of tax	-	(1,814)	-	-	-	-	(1,814)
Total comprehensive income	-	(1,814)	-	-	-	26,894	25,080
Realisation of revaluation surplus	-	-	-	(183)	-	183	-
Balance as at 31 March 2026	136,150	(4,669)	(39,500)	29,345	-	906,432	1,027,758
Balance as at 1 January 2025	129,284	(2,478)	(39,500)	24,121	5,994	791,869	909,290
Profit for the financial period	-	-	-	-	-	36,919	36,919
Foreign currency translations	-	454	-	-	-	-	454
Other comprehensive income, net of tax	-	454	-	-	-	-	454
Total comprehensive income	-	454	-	-	-	36,919	37,373
Realisation of revaluation surplus	-	-	-	(150)	-	150	-
Transactions with owners:
ESGP (2) expenses	-	-	-	-	500	-	500
Total transactions with owners	-	-	-	-	500	-	500
Balance as at 31 March 2025	129,284	(2,024)	(39,500)	23,971	6,494	828,938	947,163

(1) The Unaudited Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Group's audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial report.
(2) ESGP - Employees' Share Grant Plan

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (1)

	Notes	3 months ended
		31/3/2026
RM'000	31/3/2025
RM'000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax		29,177	42,953
Adjustments for:
Amortisation of government grant		(14)	(14)
Amortisation of intangible asset		115	116
Depreciation of:
- property, plant and equipment		7,242	6,551
- right-of-use assets		1,028	739
Fair value adjustment on derivative liabilities/assets		23	(352)
Gains on disposal of property, plant and equipment		-	(38)
Interest expense		608	274
Interest income		(1,577)	(1,663)
Net (gains)/losses on impairment of:
- contract assets		(374)	11
- trade receivables		197	273
Provision for warranties		662	1,294
Provision of inventories written down		1	-
Reversal of unused provision for warranties		(103)	(2,798)
Share grant expenses		-	500
Unrealised (gains)/losses on foreign exchange		(9,208)	2,003
Operating profit before changes in working capital		27,777	49,849
(Increase)/Decrease in inventories		(22,536)	7,964
(Increase)/Decrease in trade and other receivables		(99,744)	56,866
Decrease/(Increase) in contract assets		16,304	(108,766)
Increase in trade and other payables		62,162	14,706
Increase/(Decrease) in contract liabilities		30,068	(2,150)
Cash generated from operations		14,031	18,469
Interest paid		(505)	(139)
Interest received		1,577	1,663
Tax paid		(4,039)	(4,663)
Tax refunded		-	238
Net cash from operating activities		11,064	15,568

6

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (1)

	3 months ended
	31/3/2026
RM'000	31/3/2025
RM'000
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from disposal of property, plant and equipment	-	88
Purchase of property, plant and equipment	(4,906)	(15,954)
Net cash used in investing activities	(4,906)	(15,866)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of:
- lease liabilities	(570)	(574)
- term loans	(275)	(276)
Net cash used in financing activities	(845)	(850)
Net changes in cash and cash equivalents	5,313	(1,148)
Effects of exchange rate changes	5,775	(1,085)
Cash and cash equivalents at beginning of financial period	247,905	232,822
Cash and cash equivalents at end of financial period	258,993	230,589
Cash and cash equivalents comprise the following
at end of financial period:
Cash and bank balances	225,005	189,592
Short term funds	74,282	40,997
Less: Bank overdraft	(40,294)	-
	258,993	230,589

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE FIRST QUARTER ENDED 31 MARCH 2026 (1)

RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES

| | Lease liabilities
RM'000 | Term loans
RM'000 |
| --- | --- | --- |
| Balance as at 1 January 2026 | 5,941 | 11,717 |
| Cash flows | (570) | (275) |
| Non-cash flows | | |
| - translation adjustment | (108) | - |
| - accretion of interest | 103 | - |
| Balance as at 31 March 2026 | 5,366 | 11,442 |
| | Lease liabilities
RM'000 | Term loans
RM'000 |
| Balance as at 1 January 2025 | 7,544 | 12,817 |
| Cash flows | (574) | (276) |
| Non-cash flows | | |
| - addition of lease liabilities | 74 | - |
| - effects of lease modification | (8) | - |
| - translation adjustment | 86 | - |
| - accretion of interest | 134 | - |
| Balance as at 31 March 2025 | 7,256 | 12,541 |

(1) The Unaudited Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Group’s audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial report.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

Part A - Explanatory Notes Pursuant To MFRS 134, Interim Financial Reporting

A1. Basis of Preparation

The interim financial report of Greatech Technology Berhad (“Company” or “Greatech”) and its subsidiaries (collectively known as “Group”) are unaudited and have been prepared in accordance with the requirements of Malaysian Financial Reporting Standards (“MFRSs”) 134 Interim Financial Reporting and Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”).

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

A2. Significant Accounting Policies

The significant accounting policies and methods of computation adopted by the Group in this interim financial report are consistent with those adopted in the latest audited financial statements, except for the adoption of the following new and revised MFRSs, Amendments to MFRSs and IC interpretations.

a) New and revised MFRSs, Amendments to MFRSs and IC interpretations adopted during the financial period

Title	Effective date
Annual Improvements to MFRS 1 First-time Adoption of Malaysian Financial Reporting Standards	1 January 2026
Annual Improvements to MFRS 7 Financial Instruments: Disclosures	1 January 2026
Annual Improvements to MFRS 9 and MFRS 7 Financial Instruments (IFRS 9 as issued by IASB in July 2014)	1 January 2026
Annual Improvements to MFRS 10 Consolidated Financial Statements	1 January 2026
Annual Improvements to MFRS 107 Statement of Cash Flows	1 January 2026
Amendments to MFRS 9 and MFRS 7 Amendments to the Classification and Measurement of Financial Instruments	1 January 2026
Amendments to MFRS 9 and MFRS 7 Contract Referencing Nature-dependent Electricity	1 January 2026

The adoption of the above accounting standards and interpretations have no impact on the financial statements of the Group upon their initial application.

b) New and revised MFRSs, Amendments to MFRSs and IC interpretations, but only effective for annual periods beginning on or after 1 January 2027

The following are standards of the MFRSs Framework that have been issued by the Malaysian Accounting Standards Board but have not been early adopted by the Group:

Title	Effective date
MFRS 18 Presentation and Disclosure in Financial Statements	1 January 2027
MFRS 19 Subsidiaries without Public Accountability: Disclosures	1 January 2027

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

A2. Significant Accounting Policies (Continued)

b) New and revised MFRSs, Amendments to MFRSs and IC interpretations, but only effective for annual periods beginning on or after 1 January 2027 (Continued)

The following are standards of the MFRSs Framework that have been issued by the Malaysian Accounting Standards Board but have not been early adopted by the Group: (Continued)

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

A3. Audit Report

There was no qualification on the audited financial statements of the Group for the financial year ended 31 December 2025.

A4. Seasonal or Cyclical Factors

The Group did not experience any material seasonality or cyclicality in the business as the demand for the products and services are neither subject to seasonal fluctuations nor cyclical variations.

A5. Material Unusual Items

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

A6. Material Changes in Estimates

There were no changes in estimates that have a material effect in the current financial quarter under review.

A7. Debt and Equity Securities

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

A8. Dividend Paid

There was no dividend paid during the current financial quarter under review.

A9. Segmental Reporting

Information about operating segments has not been reported separately as the Group’s revenue, profit or loss, assets and liabilities are mainly confined to a single operating segment, namely the sale of automated equipment together with provision of parts and services.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

A9. Segmental Reporting (Continued)

No provision of parts and services segment information is presented as the Chief Executive Officer (“CEO”) views the Group as a single reportable segment.

A10. Valuations of Property, Plant and Equipment and Right-Of-Use Assets

The valuations on its leasehold buildings and leasehold land classified under Property, Plant and Equipment (“PPE”) and Right-Of-Use (“ROU”) assets respectively, are performed by an independent professional valuer using the open market value basis on 31 December 2025.

A11. Material Events Subsequent to the end of the Interim Financial Period

There were no material events subsequent to the end of the current financial quarter under review that have not been reflected in this interim financial report.

A12. Changes in Group’s Composition

There were no changes in the composition of the Group during the current financial quarter under review except for:

Voluntary dissolution of a subsidiary

On 12 February 2026, the Group received approval from the Securities and Exchange Commission of the Philippines for the voluntary dissolution of GT Integration (Philippines) Inc. (“GIP”), a wholly-owned subsidiary of Greaterch Integration (M) Sdn Bhd (“GIM”), which is a wholly-owned subsidiary of Greaterch Technology Berhad, by shortening its term of existence to 31 December 2024 pursuant to Section 136 of the Revised Corporation Code of the Philippines (“RCC”).

GIP has commenced its three-year liquidation process under Section 139 of the RCC and is expected to be fully liquidated by 31 December 2027, upon which it will cease to be a subsidiary of the Group. GIP has not commenced operations since its incorporation and there are no plans to activate the company.

The voluntary dissolution of GIP is not expected to have any material effect on the earnings, net assets or gearing of the Group for the financial years ending 31 December 2026 and 31 December 2027.

Incorporation of a wholly-owned subsidiary

On 9 March 2026, the Company has incorporated a wholly-owned subsidiary, namely Greaterch Integration (Canada) Ltd. in Canada for a cash consideration of CAD100 (approximately RM284.14) comprising of 100 ordinary shares.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

A13. Contingent Assets and Contingent Liabilities

There were no material contingent assets or contingent liabilities to be disclosed as at the date of this interim financial report.

A14. Capital Commitments

Save as disclosed below, as at 31 March 2026, the Group does not have any material capital commitments:

Property, Plant and Equipment	RM'000
- Approved and contracted for	5,760

Capital commitments of the Group relate to the renovation, motor vehicles, plant and machinery, tools and equipments and computer system.

A15. Significant Related Party Transactions

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

A16. Fair Value of Financial Liabilities

There were no gains or losses arising from fair value changes of the Group’s financial liabilities for the current financial quarter under review.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

Part B - Additional Information Required by the Main Market Listing Requirements of Bursa Securities

B1. Review of Group's Performance

	Individual Quarter 3 Months Ended		Changes
	31/3/2026 RM'000	31/3/2025 RM'000	RM'000	%
Revenue	178,992	175,386	3,606	2.06%
Cost Of Goods Sold	(133,135)	(116,933)
Gross Profit (“GP”)	45,857	58,453	(12,596)	(21.55%)
Other Operating Expenses	(16,680)	(15,500)
Profit Before Tax (“PBT”)	29,177	42,953	(13,776)	(32.07%)
GP %	25.62%	33.33%
PBT %	16.30%	24.49%

Comparison with prior year corresponding quarter's results

The Group's revenue of RM178.99 million for the current financial quarter ended 31 March 2026 ("1Q2026") were RM3.61 million or 2.06% higher than that of preceding financial quarter ended 31 March 2025 ("1Q2025"). The increase in revenue was primarily driven by contributions from the new Data Centre sector and the inclusion of the newly acquired subsidiary, Greatech Mechatronics (Slovakia) s.r.o. ("GMS"), which was not part of the Group in 1Q2025. This was partially offset by lower revenue from E-Mobility, Life Sciences and Solar sectors resulting from soften demand as customers delay investment decisions in late 2025.

The Group had recorded a gross profit ("GP") of RM45.86 million and gross profit margin ("GP margin") of 25.62% in 1Q2026 as compared to RM58.45 million and 33.33% respectively in 1Q2025. The normalised GP margin without the net warranty impact was 25.93% and 32.47% respectively for 1Q2026 and 1Q2025. The decrease in normalised GP margin was mainly attributable to a higher direct labour costs arising from increased headcount through organic growth and the strategic acquisitions of GMS on 8 April 2026.

The Group's profit before tax ("PBT") for the 1Q2026 was RM29.18 million, decreased by RM13.78 million or 32.07% compared to the 1Q2025. The Group's profit before tax margin ("PBT margin") has decreased to 16.30% from 24.49%. The normalised PBT margin without the net warranty impact was 16.61% and 23.63% respectively for 1Q2026 and 1Q2025. The decline in PBT and the corresponding margin was primarily attributable to the lower GP margin, as explained above, as well as higher employee compensation and benefits expenses of RM3.63 million, arising from increased headcount through organic growth and strategic acquisition of GMS. These factors were partially offset by the net foreign exchange gain impact of RM 4.58 million, driven by the strengthening of the US Dollar against the Malaysian Ringgit during the financial period.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

B2. Comparison with Immediate Preceding Quarter’s Results

	Current Quarter Ended	Immediate Preceding Quarter Ended	Changes
	31/3/2026 RM'000	31/12/2025 RM'000	RM'000	%
Revenue	178,992	170,733	8,259	4.84%
Cost Of Goods Sold	(133,135)	(123,063)
Gross Profit (“GP”)	45,857	47,670	(1,813)	(3.80%)
Other Operating Expenses	(16,680)	(41,850)
Profit Before Tax (“PBT”)	29,177	5,820	23,357	401.32%
GP %	25.62%	27.92%
PBT %	16.30%	3.41%

The Group’s revenue for 1Q2026 increased by RM8.26 million or 4.84% compared to preceding quarter ended 31 December 2025 (“4Q2025”). The increase in revenue was primarily driven by contributions from the Data Centre sector. This was partially offset by lower revenue from Life Sciences and Solar sectors resulting from soften demand as customers delay investment decisions in late 2025.

The Group’s GP decreased by RM1.81 million or 3.80% as compared to 4Q2025, while the GP margin decrease from 27.92% to 25.62%. On a normalised basis, excluding the net warranty impact, the GP margin stood at 25.93% in 1Q2026 versus 28.01% in 4Q2025. The decline in normalised GP margin decreased was primarily attributable to the timing of project execution, as a larger proportion of projects in 1Q2026 were at the assembly stage. This resulted in higher material costs being recognised during the quarter compared to 4Q2025.

The Group’s PBT for 1Q2026 increased by RM23.36 million, from RM5.82 million in 4Q2025 to RM29.18 million in 1Q2026 and the PBT margin increased to 16.30% from 3.41%. On a normalised basis, excluding the net warranty impact, the PBT margin was 16.61% in 1Q2026 compared to 3.49% in 4Q2025. The increase in PBT and normalised PBT margin was primarily attributable to a net foreign exchange gain recognised during the quarter, as compared to net foreign exchange losses of RM16.60 million recorded in 4Q2025. This was further supported by lower employee compensation and benefits expenses, as 4Q2025 had included annual bonus payouts which were not repeated in the current quarter.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

B3. Commentary on Prospects

As we enter 2026, the global economic environment has become increasingly complex. Heightened geopolitical tensions in the Middle East have disrupted energy markets and reintroduced supply chain volatility, while evolving U.S. tariff policies have transitioned trade barriers from transitory measures into a structural feature of the international trade landscape. Against this backdrop of moderating global growth and persistent policy uncertainty, the Group remains resilient and strategically prepared.

Building on the strong order book carried into the year, the Group remains firmly focused on disciplined operational execution, including prudent cost management, timely delivery of customer projects and targeted strategic investments. Operational efficiency and fiscal discipline remain areas of focus across the Group's global operations, as the Group navigates the prevailing operating environment.

The Group continues to work closely with its key customers on active programs, reflecting the resilience and strength of its long-term partnerships. This ongoing engagement has supported the Group's performance amid a challenging climate and prepares the Group to scale effectively as market conditions stabilise. The Group remains encouraged by the structural demand for automation, digitalisation and manufacturing efficiency, which continue to drive growth across its core end markets.

While near-term market volatility may persist, the Group's medium- to long-term outlook is underpinned by its established capabilities and strategic positioning. By maintaining disciplined execution of its long-term strategy, expanding its global installed base and driving operational excellence across the broadened organisation, the Group is well-placed to respond to opportunities as market conditions evolve.

The Board remains confident in the Group's engineering strengths, fundamentals and strategic position. With its growing global presence and ongoing commitment to innovation, the Group is prepared to navigate current headwinds while capitalising on future industry growth opportunities.

As of 20 May 2026, the Group's outstanding order book stood at approximately RM1.67 billion and is expected to last until the second half of 2027.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

B4. Profit Forecast

The Group did not issue any profit forecast during the current financial quarter under review.

B5. Status of Corporate Proposals

There were no other corporate proposals announced and not completed for the current financial quarter under review.

B6. Taxation

	Individual Quarter 3 months ended		Cumulative Quarter 3 months ended
	31/3/2026 RM’000	31/3/2025 RM’000	31/3/2026 RM’000	31/3/2025 RM’000
Income tax	(2,602)	(3,201)	(2,602)	(3,201)
Deferred tax income/ (expenses)	319	(2,603)	319	(2,603)
Withholding tax expense	-	(230)	-	(230)
	(2,283)	(6,034)	(2,283)	(6,034)
Effective tax rate	7.82%	14.05%	7.82%	14.05%

The effective tax rate for current financial quarter under review for the Group was lower compared to 31 March 2025 ("1Q2025") mainly due to the movement of deferred tax liabilities arising from temporary differences between accounting depreciation and capital allowances in 1Q2025.

The overall effective tax rate for the cumulative financial period of the Group was lower than the statutory tax rate of 24% as the subsidiary, Greater Integration (M) Sdn Bhd was granted pioneer status for certain activities in designing and manufacturing of production line systems and single automated equipment, which fall within the list of promoted activities and products by Ministry of International Trade and Industry of Malaysia under the Promotion of Investments Act, 1986.

Withholding tax expense is related to foreign withholding tax liability from sales of production line systems and provision of engineering services to customers in certain jurisdictions. Due to complexity of the tax law, significant judgement is required in evaluating the tax positions, including uncertainties. There is no assurance of refundability. Thus, the Group has decided to expense the withholding tax to the statement of profit or loss and other comprehensive income.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

B7. Borrowings and Debt Securities

The details of the Group’s borrowings are as follows:

	Unaudited
	31/3/2026
RM’000	31/3/2025
RM’000
Secured:
Current liabilities
Bank overdraft	40,294	-
Finance lease liabilities	-	30
Term loans	1,100	1,100
	41,394	1,130
Non-current liabilities
Term loans	10,342	11,441
	10,342	11,441
Total liabilities
Bank overdraft	40,294	-
Finance lease liabilities	-	30
Term loans	11,442	12,541
	51,736	12,571

B8. Derivative liabilities

The details of outstanding derivative instruments as at 31 March 2026 are as follow:

| | Contracts
amount | Liabilities |
| --- | --- | --- |
| Forward Foreign Exchange Contracts: | RM’000 | RM’000 |
| - Less than 1 year | 12,090 | 23 |

The Group’s derivative liabilities at the end of the current financial period comprise forward foreign exchange contracts which are used to manage the foreign currency exposures arising from the Group’s receivables denominated in USD. The fair value of the forward foreign exchange contracts is based on the difference between the contracted forward rates and the mark-to-market rates.

B9. Material Litigation

As at the date of this interim financial report, there were no material litigations involving the Group.

B10. Proposed Dividend

The Board of Directors did not declare or recommend any dividend for the current financial quarter under review.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

B11. Earnings Per Ordinary Share (“EPS”)

| | Individual Quarter
3 months ended | | Cumulative Quarter
3 months ended | |
| --- | --- | --- | --- | --- |
| | 31/3/2026 | 31/3/2025 | 31/3/2026 | 31/3/2025 |
| Profit after tax attributable to owners of the parent (RM’000) | 26,894 | 36,919 | 26,894 | 36,919 |
| Basic | | | | |
| Weighted average number of ordinary shares in issue (’000) | 2,514,544 | 2,511,423 | 2,514,544 | 2,511,423 |
| Basic EPS (sen) (1) | 1.07 | 1.47 | 1.07 | 1.47 |
| Diluted | | | | |
| Weighted average number of ordinary shares in issue (’000) | 2,514,544 | 2,511,423 | 2,514,544 | 2,511,423 |
| Effect of dilution due to employee share grant plan (’000) | - | 3,402 | - | 3,402 |
| Adjusted weighted average number of ordinary shares applicable to diluted earnings per share (’000) | 2,514,544 | 2,514,825 | 2,514,544 | 2,514,825 |
| Diluted EPS (sen) (2) | 1.07 | 1.47 | 1.07 | 1.47 |

(1) Basic EPS is calculated based on the profit after tax attributable to owners of the parent divided by the weighted average number of ordinary shares in issue during the financial period under review.

(2) Diluted EPS for the financial period is calculated by dividing the profit for the financial period attributable to owners of the parent by the weighted average number of ordinary shares outstanding during the financial period adjusted for the effects of dilutive potential ordinary shares.

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GREATECH TECHNOLOGY BERHAD
(Company No. 201801008633 (1270647-H))
(Incorporated in Malaysia under the Companies Act 2016)
Interim Financial Report For The First Quarter Ended 31 March 2026
GREATECH

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL REPORT

B12. Profit Before Tax

Included in profit before tax for the financial period are the following income/(expense) items:

| | Individual Quarter
3 months ended | | Cumulative Quarter
3 months ended | |
| --- | --- | --- | --- | --- |
| | 31/3/2026
RM'000 | 31/3/2025
RM'000 | 31/3/2026
RM'000 | 31/3/2025
RM'000 |
| Amortisation of government grant | 14 | 14 | 14 | 14 |
| Amortisation of intangible assets | (115) | (116) | (115) | (116) |
| Depreciation of: | | | | |
| - property, plant and equipment | (7,242) | (6,551) | (7,242) | (6,551) |
| - right-of-use assets | (1,028) | (739) | (1,028) | (739) |
| Fair value adjustment on derivative liabilities/assets | (23) | 352 | (23) | 352 |
| Gains on disposal of property, plant and equipment | - | 38 | - | 38 |
| Interest expense | (608) | (274) | (608) | (274) |
| Interest income | 1,577 | 1,663 | 1,577 | 1,663 |
| Net gains/(losses) on impairment of: | | | | |
| - contract assets | 374 | (11) | 374 | (11) |
| - trade receivables | (197) | (273) | (197) | (273) |
| Provision for warranties | (662) | (1,294) | (662) | (1,294) |
| Provision of inventories written down | (1) | - | (1) | - |
| Realised losses on foreign exchange | (7,446) | (817) | (7,446) | (817) |
| Reversal of unused provision for warranties | 103 | 2,798 | 103 | 2,798 |
| Share grant expenses | - | (500) | - | (500) |
| Unrealised gains/(losses) on foreign exchange | 9,208 | (2,003) | 9,208 | (2,003) |

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