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GREENTRONICS TECHNOLOGY BERHAD — Interim / Quarterly Report 2026
May 27, 2026
70663_rns_2026-05-27_27375845-d79b-444d-a218-a48d2e2aaf43.pdf
Interim / Quarterly Report
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GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
GREENTRONICS
| Individual Quarter | Cumulative Period | |||||
|---|---|---|---|---|---|---|
| Unaudited Current Year Quarter 31.03.2026 RM500 | Unaudited Preceding Year Corresponding Quarter 31.03.2025 RM500 | Changes Increase/(decrease) RM500 | Current Year To Date 31.03.2026 RM500 | Preceding Year To Date 31.03.2025 RM500 | Changes Increase/(decrease) RM500 | |
| Revenue | 6,055 | 8,211 | (2,156) | 6,055 | 8,211 | (2,156) |
| Cost of sales | (3,576) | (7,014) | 3,438 | (3,576) | (7,014) | 3,438 |
| Gross profit | 2,479 | 1,197 | 1,282 | 2,479 | 1,197 | 1,282 |
| Operating expenses | (2,358) | (1,625) | (733) | (2,358) | (1,625) | (733) |
| Other operating income | 106 | 10 | 96 | 106 | 10 | 96 |
| Profit/(loss) before tax | 227 | (418) | 645 | 227 | (418) | 645 |
| Finance cost | (11) | (13) | 2 | (11) | (13) | 2 |
| Profit/(loss) before tax | 216 | (431) | 647 | 216 | (431) | 647 |
| Taxation | (33) | - | (33) | (33) | - | (33) |
| Profit/(loss) for the period | 183 | (431) | 614 | 183 | (431) | 614 |
| Other comprehensive income, Net of Tax | - | - | - | - | - | - |
| Total comprehensive income/(loss) for the period | 183 | (431) | 614 | 183 | (431) | 614 |
| Earning/(loss) per share (sen) | ||||||
| - Basic | 0.02 | (0.29) | 0.02 | (0.29) | ||
| - Diluted | 0.02 | (0.29) | 0.02 | (0.29) |
The Condensed Consolidated Statements of Comprehensive Income should be read in conjunction with the audited financial statements for the year ended 31 December 2025 and the accompanying explanatory notes attached to the interim financial statements.
GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
G
GREENTRONICS
| Unaudited As at End Of Current Quarter 31.03.2026 RM'000 | Audited As at Preceding Financial Year End 31.12.2025 RM'000 | |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipment | 14,068 | 14,256 |
| Investment properties | 618 | 620 |
| Right-of-use-assets | 211 | 267 |
| Inventories | 5,116 | 5,116 |
| Deferred tax assets | 42 | 42 |
| Financing receivables | 20,715 | 20,402 |
| 40,770 | 40,703 | |
| Current assets | ||
| Inventories | 39,938 | 41,921 |
| Financing receivables | 26,543 | 26,665 |
| Trade receivables | 8,537 | 7,302 |
| Other receivable, deposits & prepayments | 812 | 1,339 |
| Tax recoverables | 228 | 170 |
| Cash and bank balances | 18,517 | 20,587 |
| 94,575 | 97,985 | |
| Total Assets | 135,345 | 138,688 |
| EQUITY | ||
| Share capital | 89,923 | 89,866 |
| Warrant Reserve | 20,228 | 20,246 |
| Reserves | (14,783) | (14,966) |
| Total equity | 95,368 | 95,146 |
| LIABILITIES | ||
| Non-current liabilities | ||
| Deferred tax liabilities | 149 | 149 |
| Lease liabilities | 46 | 46 |
| 195 | 195 | |
| Current liabilities | ||
| Trade payables | 32,449 | 35,619 |
| Other payables and accruals | 6,757 | 6,890 |
| Lease liabilities | 175 | 232 |
| Borrowings | 380 | 380 |
| Tax payable | 21 | 226 |
| 39,782 | 43,347 | |
| Total Liabilities | 39,977 | 43,542 |
| Total Equity And Liabilities | 135,345 | 138,688 |
| Number of ordinary shares (000) | 898,732 | 898,472 |
| Net Tangible Assets per share attributable to Owner of the Company (RM) | 0.11 | 0.11 |
Note :
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to the interim financial statements.
GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
GREENTRONICS
| Non-distributable | Distributable | ||||
|---|---|---|---|---|---|
| Share Capital RM'000 | Warrant Reserve RM'000 | Revaluation Reserve RM'000 | Accumulated Losses RM'000 | Total Equity RM'000 | |
| Balance as at 31 December 2024 (audited) | 35,239 | - | 5,011 | (18,347) | 21,903 |
| Loss for the year | - | - | - | (1,630) | (1,630) |
| Issue of shares pursuant to rights issue with warrants | 54,627 | 20,246 | - | - | 74,873 |
| Realisation of revaluation surplus upon depreciation | - | - | (184) | 184 | - |
| Balance as at 31 December 2025 (audited) | 89,866 | 20,246 | 4,827 | (19,793) | 95,146 |
| Profit for the year | - | - | - | 183 | 183 |
| Issue of shares pursuant to exercise of warrants | 57 | (18) | - | - | 39 |
| Balance as at 31 March 2026 | 89,923 | 20,228 | 4,827 | (19,610) | 95,368 |
Note :
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to the interim financial statement.
page 3
GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
^{}[]
| | Current Year-
To-Date
31.03.2026
RM'000 | Preceding
Year-To-Date
31.03.2025
RM'000 |
| --- | --- | --- |
| Cash Flows from Operating Activities | | |
| Profit/(loss) before tax | 216 | (431) |
| Adjustments: Non-cash items | 165 | 222 |
| Operating profit/(loss) before working capital changes | 381 | (209) |
| Changes in working capital:- | (2,218) | (1,234) |
| Cash Flows used in Operating Activities | (1,837) | (1,443) |
| Interest paid | (11) | (13) |
| Interest received | 92 | 1 |
| Tax paid | (296) | (76) |
| Tax refund | - | 10 |
| Net cash used in Operating Activities | (2,052) | (1,521) |
| Net cash used in Investing Activities | - | (71) |
| Net cash used in Financing Activities | (18) | (85) |
| Net decrease in cash and cash equivalents | (2,070) | (1,677) |
| Cash and cash equivalents at beginning of the financial period | 20,587 | 6,216 |
| Cash and cash equivalents at end of the financial period | 18,517 | 4,539 |
Reconciliation :
Cash and bank balances
18,517 4,539
Cash and cash equivalents at end of the financial period
18,517 4,539
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to the interim financial statement.
GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
Notes to the interim financial report for the financial quarter ended 31 March 2026
A. Compliance with Malaysian Financial Reporting Standards ("MFRS") 134, Interim Financial Reporting and Bursa Malaysia Listing Requirements
A1. Basis of Preparation
The interim unaudited financial statement should be read in conjunction with the audited financial statement for the year ended 31 December 2025 and the attached explanatory notes. The explanatory notes provide an explanation of events and transactions that are significant for an understanding of the changes in the financial position and performance of the Group since the financial year ended 31 December 2025.
The Group and the Company have not applied the following new and amendments to MFRSs that have been issued by the Malaysian Accounting Standards Board but are not yet effective for the Group and for the Company:
| Effective dates for the financial periods beginning on or after | ||
|---|---|---|
| MFRS 18 | Presentation and Disclosure in Financial Statements | 01-Jan-27 |
| MFRS 19 | Subsidiaries without Public Accountability: Disclosures | 01-Jan-27 |
| Amendments to MFRS 19 | Subsidiaries without Public Accountability: Disclosures | 01-Jan-27 |
| Amendments to MFRS 121 | Translation to a Hyperinflationary Presentation Currency | 01-Jan-27 |
| Amendments to MFRS 10 and MFRS 128 | Sales or Contribution of Assets between an Investor and its Associate or Joint Venture | Deferred until further noticed |
The Group and the Company intend to adopt the above new and amendments to MFRSs, if applicable, when they become effective. The initial application of the above-mentioned new and amendments to MFRSs are not expected to have any significant impacts on the financial statements of the Group and the Company except as disclosed below:
MFRS 18 Presentation and Disclosure in Financial Statement
MFRS 18 will replace MFRS 101 Presentation of Financial Statements. It preserves the majority requirements of MFRS 101 while introducing additional requirements. In addition, narrow-scope amendments have been made to MFRS 107 Statement of Cash Flows and some requirements of MFRS 101 have been moved to MFRS 108 Basis of Preparation of Financial Statements.
MFRS 18 additional requirements are as follows:
(i) Statement of Profit or Loss and Other Comprehensive Income
MFRS 18 introduces newly defined "operating profit or loss" and "profit or loss before financing and income tax" subtotal which are to be presented in the statement of profit or loss, while the net profit or loss remains unchanged. Statement of profit or loss to be presented in five categories: operating, investing, financing, income taxes and discontinued operations.
(ii) Statement of Cash Flows
The standard modifies the starting point for calculating cash flows from operations using the indirect method, shifting from "profit or loss" to "operating profit or loss". It also provides guidance on classification of interest and dividend in statement of cash flows.
(iii) New disclosures of expenses by nature
Entities are required to present expenses in the operating category by nature, function or a mix of both. MFRS 18 includes guidance for entities to assess and determine which approach is most appropriate based on the facts and circumstances.
(iv) Management-defined Performance Measures (MPMs)
The standard requires disclosure of explanations of the entity's company-specific measures that are related to the statement of profit or loss, referred to MPMs. MPMs are required to be reconciled to the most similar specified subtotal in MFRS Accounting Standards.
(v) Enhanced Guidance on Aggregation and Disaggregation
MFRS 18 provides enhanced guidance on grouping items based on shared characteristics and requires disaggregation when items have dissimilar characteristics or when such disaggregation is material.
The potential impact of the new standard on the financial statements of the Group and of the Company have yet to be assessed.
A2. Qualification of Preceding Annual Financial Statements
The auditors' report on the financial statements of the Group for the financial year ended 31 December 2025 was qualified, as disclosed below.
Included in Note 12 to the financial statements, trade receivable comprise an amount of RM5,864,085 due from a debtor. The directors have assessed this balance as fully recoverable and accordingly, no impairment loss has been recognised in the financial statements. However, based on audit evidence obtained, no formal repayment arrangement, or evidence of subsequent receipts has been made available, in light of subsequent developments affecting the debtor. In addition, the engagement team noted indicators of financial constraints affecting the debtor's ability to meet its repayment obligations. In their view, these conditions indicate a significant deterioration in credit risk, and the trade receivables is considered credit-impaired.
In the auditors' opinion, the absence of an impairment loss recognised results in trade receivables being overstated by RM5,864,085. Consequently, loss after taxation for the financial year and accumulated losses of the Group are understated by the same amount.
The auditors conducted their audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing. Their responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of their report. They believe that the audit evidence they have obtained is sufficient and appropriate to provide a basis for their opinion.
A3. Seasonal or Cyclical Factors
The Group's operations were not materially affected by any major seasonal or cyclical factors.
page 5
GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
A. Compliance with Malaysian Financial Reporting Standards ("MFRS") 134, Interim Financial Reporting and Bursa Malaysia Listing Requirements (cont'd)
A4. Nature, Size or Incidence of Unusual Items
There were no unusual items affecting the Group's assets, liabilities, equity, net income or cash flows because of their nature, size or incidence during the current quarter under review.
A5. Material Changes in Estimates
There were no material changes in estimates that have had a material effects in the results of the current quarter under review.
A6. Issuance or Repayment of Debt and Equity Securities
On 16 February 2026, 260,000 new ordinary shares ("GREENTEC Shares) had been issued and listed pursuant to the conversion of 260,000 Warrants C to 260,000 GREENTEC Shares by conversion of 1 Warrant C and payment of RM0.15 in cash for 1 new GREENTEC Share.
Save for the above, there were no other issuances, cancellations, repurchases, resale and repayment of debt and equity securities during the financial quarter under review and up to the date of this report.
A7. Dividend Paid / Declared
No dividend has been declared or paid by the Company during the current financial quarter under review. The Directors do not recommend the payment of any dividend in respect of the current financial quarter under review.
A8. Segmental Information
Segmental information is provided based on four (4) major segments as follows:
a) Property Construction and Development
b) Financing Services
c) Fleet Management Services
d) Others
Business segments in revenue and results of the Group for the current quarter ended 31 March 2026 were as follows:
Quarter ended 31 March 2026 (Unaudited)
| Business Segments | Property Construction and Development RM'000 | Financing Services RM'000 | Fleet Management Services RM'000 | Others RM'000 | Adjustments/Eliminations RM'000 | Consolidated RM'000 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| External Sales | ||||||
| -local | 3,882 | 605 | 1,568 | - | - | 6,055 |
| Total Revenue | 3,882 | 605 | 1,568 | - | - | 6,055 |
| Results : | ||||||
| Continuing operations | ||||||
| Segment results | 312 | 500 | 40 | (495) | (130) | 227 |
| Finance cost | - | - | (9) | (2) | - | (11) |
| Profit/(loss) before tax | 312 | 500 | 31 | (497) | (130) | 216 |
| Taxation | - | (30) | (3) | - | - | (33) |
| Net profit/(loss) for the period | 312 | 470 | 28 | (497) | (130) | 183 |
GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
A. Compliance with Malaysian Financial Reporting Standards ("MFRS") 134, Interim Financial Reporting and Bursa Malaysia Listing Requirements (cont'd)
A8. Segmental Information (cont'd)
Quarter ended 31 March 2025 (Unaudited)
| Business Segments | Property Construction and Development RM'000 | Financing Services RM'000 | Fleet Management Services RM'000 | Others RM'000 | Adjustments/Eliminations RM'000 | Consolidated RM'000 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| External Sales | ||||||
| -local | 5,142 | 3 | 3,066 | - | - | 8,211 |
| Total Revenue | 5,142 | 3 | 3,066 | - | - | 8,211 |
| Results : | ||||||
| Continuing operations | ||||||
| Segment results | 358 | (2) | 167 | (941) | - | (418) |
| Finance cost | - | - | (9) | (4) | - | (13) |
| Profit/(loss) before tax | 358 | (2) | 158 | (945) | - | (431) |
| Taxation | - | - | - | - | - | - |
| Net profit/(loss) for the period | 358 | (2) | 158 | (945) | - | (431) |
A9. Valuations of Property, Plant and Equipment
There were no changes in the valuation of property, plant and equipment since the latest audited financial statements for the financial year ended 31 December 2025.
A10 Subsequent Events
There were no material events subsequent to the end of the current quarter up to 22 May 2026, being the last practicable date from the date of the issue of this report ("LPD"), which is likely to substantially affect the results of the operations of the Company.
A11 Changes in Composition of the Group
There were no changes in the composition of the Group during the current financial period under review.
A12 Changes in Contingent Liabilities and Contingent Assets
There were no changes in contingent liabilities or contingent assets, since the last financial year ended 31 December 2025.
A13 Capital Commitments
There were no material capital commitments contracted but not provided for as at the end of the current quarter under review.
page 7
GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
B. Compliance with Bursa Malaysia Main Market Listing Requirements (Part A of Appendix 9B)
B1. Review of Performance (Comparison with Last Year Corresponding Quarter's Results)
| Preceding Year | ||||
|---|---|---|---|---|
| Current Year Quarter 31.03.2026 RM'000 | Corresponding Quarter 31.03.2025 RM'000 | Increase/(Decrease) RM'000 | % | |
| REVENUE | ||||
| Property Construction and Development | 3,882 | 5,142 | (1,260) | (24.5) |
| Financing Services | 605 | 3 | 602 | 20,347.2 |
| Fleet Management Services | 1,568 | 3,066 | (1,498) | (48.9) |
| Others | - | - | - | - |
| Total Revenue | 6,055 | 8,211 | (2,156) | (26.3) |
| Cost of Sales | (3,576) | (7,014) | 3,438 | 49.0 |
| Gross profit | 2,479 | 1,197 | 1,282 | 107.1 |
| PROFIT(LOSS) BEFORE TAX | ||||
| Property Construction and Development | 312 | 358 | (46) | (12.7) |
| Financing Services | 500 | (2) | 502 | 25,085.6 |
| Fleet Management Services | 31 | 158 | (127) | (80.3) |
| Others | (627) | (945) | 318 | 33.6 |
| Total | 216 | (431) | 647 | 150.0 |
For the current quarter under review, the Group recorded revenue of RM6.05 million, a decrease of RM2.16 million or 26.31% from RM8.21 million in the corresponding quarter of the preceding year.
The decrease in revenue was mainly attributable to lower contributions from the property construction and development segment, which decreased from RM5.14 million to RM3.88 million due to the completion of the Sungai Petani project, partially offset by higher contributions from Nilai 3 and Taiping Perak projects. Revenue from the fleet management services segment also decreased from RM3.07 million to RM1.57 million mainly due to lower vehicle sales and workshop service sales. Meanwhile, revenue from the financing services segment increased, driven by higher interest income from hire purchase financing activities and higher loan disbursements under moneylending activities.
Despite the decrease in revenue, the Group recorded a higher profit before tax of RM0.22 million for the current quarter compared to a loss before tax of RM0.43 million in the corresponding quarter of the preceding year. This improvement was mainly attributable to higher contributions from the financing services segment, driven by higher interest income from hire purchase financing activities and higher loan disbursements under moneylending activities. In addition, loss before tax for the others segment decreased from RM0.94 million to RM0.63 million mainly due to the absence of corporate exercise expenses recognised in the corresponding quarter of the preceding year. However, the overall performance was partially offset by lower contributions from the fleet management services and property construction and development segments.
page 8
GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
B. Compliance with Bursa Malaysia Main Market Listing Requirements (Part A of Appendix 9B)(cont'd)
B2. Review of Performance for Comparison with Immediate Preceding Quarter's Results
| | Current Year
Quarter
31.03.2026
RM500 | Immediate
Preceding
Quarter
31.12.2025
RM500 | Increased/
(Decreased)
RM500 | % |
| --- | --- | --- | --- | --- |
| REVENUE | | | | |
| Property Construction and Development | 3,882 | 690 | 3,192 | 462.5 |
| Financing Services | 605 | 608 | (3) | (0.5) |
| Fleet Management Services | 1,568 | 1,766 | (198) | (11.2) |
| Others | - | - | - | - |
| Total Revenue | 6,055 | 3,064 | 2,991 | 97.6 |
| Cost of Sales | (3,576) | (1,830) | (1,746) | (95.4) |
| Gross profit | 2,479 | 1,234 | 1,245 | 100.9 |
| PROFIT(LOSS) BEFORE TAX | | | | |
| Property Construction and Development | 312 | (1,549) | 1,861 | 120.2 |
| Financing Services | 500 | 134 | 366 | 272.6 |
| Fleet Management Services | 31 | (377) | 408 | 108.2 |
| Others | (627) | (328) | (300) | (91.4) |
| Total | 216 | (2,119) | 2,335 | 110.2 |
For the current quarter under review, the Group recorded revenue of RM6.05 million, an increase of RM2.99 million or 97.71% compared to RM3.06 million in the immediate preceding quarter.
The higher revenue was mainly attributable to increased contributions from Nilai 3 and Taiping Perak projects for sales of commercial properties, partially offset by lower revenue from the fleet management services segment, which decreased from RM1.77 million to RM1.57 million due to lower workshop service sales.
As a result, the Group recorded a higher profit before tax of RM0.22 million for the current quarter compared to a loss before tax of RM2.12 million in the immediate preceding quarter. The higher profit before tax was mainly attributable to improved performance of the property construction and development segment, which recorded profit before tax of RM0.31 million compared to a loss before tax of RM1.55 million in the immediate preceding quarter. In addition, the financing services segment recorded a higher profit before tax of RM0.50 million compared to RM0.13 million in the immediate preceding quarter, mainly due to the absence of impairment loss on trade receivables of RM0.11 million and shared salary and statutory contribution costs of RM0.25 million recognised in the immediate preceding quarter. The fleet management services segment also recorded a higher profit before tax of RM0.03 million compared to a loss before tax of RM0.38 million, mainly due to the absence of impairment loss on trade receivables of RM0.45 million recognised in the immediate preceding quarter.
B3. Commentary on Prospects
The Group expects continued revenue from the sale of its remaining completed properties. Market conditions and ongoing demand for commercial and residential properties are anticipated to support stable performance. Looking ahead, the Group will continue to assess potential property development and investment opportunities as part of its strategic growth plans, which, if undertaken, may contribute positively to the Group's performance in the coming years.
The financing services business is expected to grow in line with the Group's lending strategy and expanding customer base. Interest income from moneylending and hire purchase financing is anticipated to increase gradually, supported by prudent credit risk management and stringent lending criteria.
The fleet management segment is expected to maintain revenue growth, supported by demand from the transportation, courier, and logistics industries. The Group will continue to optimise fleet operations, expand service offerings, and adapt to technological developments in order to sustain competitiveness and profitability.
The Group is currently evaluating a potential joint venture involving the collection, handling, storage, processing, and recycling of lithium-ion batteries and black mass, including the recovery and production of lithium sulphate, lithium carbonate, and other related recovered metal products. While this initiative has not yet contributed to revenue, it represents a strategic opportunity for the Group to diversify its operations and create additional long-term value. The joint venture is expected to commence operations in the near future.
Overall, the Group remains focused on leveraging its diversified business portfolio to strengthen its financial performance and create sustainable value for its shareholders in the years ahead.
B4. Profit Forecast or Profit Guarantee
Not applicable as the Group did not publish any profit forecast or profit guarantee.
page 9
GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
B. Compliance with Bursa Malaysia Main Market Listing Requirements (Part A of Appendix 9B)(cont'd)
B5. Notes to Consolidated Statement of Comprehensive Income
| Current Year Quarter Ended 31.03.2026 RM'000 | Current Year-To-date Ended 31.03.2026 RM'000 | |
|---|---|---|
| Loss for the period is arrived at after charging/ (crediting) : | ||
| Auditors' remuneration | 43 | 43 |
| Finance cost | 11 | 11 |
| Interest income | (92) | (92) |
| Other income | (14) | (14) |
| Depreciation of property, plant and equipment | 188 | 188 |
| Depreciation of investment property | 2 | 2 |
| Depreciation of right-of-use assets | 56 | 56 |
B6. Taxation
| Current Year Quarter Ended 31.03.2026 RM'000 | Current Year-To-date Ended 31.03.2026 RM'000 | |
|---|---|---|
| Malaysian income tax | ||
| - current year provision | 33 | 33 |
| Taxation for the financial period | 33 | 33 |
B7. Status of Corporate Proposal
There were no corporate proposals announced but not completed as at the LPD.
B8. Utilisation of Proceeds
Rights Issue
The Rights Issue was completed following the listing and quotation for 748,726,495 Rights Shares together with 299,490,597 Warrants C on the Main Market of Bursa Securities on 9 June 2025 and raised a total gross proceeds of approximately RM74.87 million.
The details of the utilisation of proceeds raised from the Rights Issue as at 31 March 2026 are disclosed in the table below:
| Utilisation of proceeds | Original utilisation of proceeds (1) (RM'000) | Variation (RM'000) | Revised utilisation of proceeds after Variation (RM'000) | Actual utilisation (RM'000) | Balance Revised utilisation of proceeds after Variation (RM'000) | Expected time frame for utilisation of proceeds* |
|---|---|---|---|---|---|---|
| Funding for Fleet Management Business | 38,800 | (18,000) (2) | 20,800 | (7,181) | 13,619 | Within 36 months |
| Funding for Financing Services Business | 28,300 | 18,000 (2) | 46,300 | (46,300) | - | Fully utilised |
| General working capital of the Group | 6,889 | - | 6,889 | (6,889) | - | Fully utilised |
| Expenses for the Rights Issue | 884 | - | 884 | (884) | - | Fully utilised |
| Total | 74,873 | - | 74,873 | (61,254) | 13,619 |
Notes:
* From 9 June 2025 (date of completion of Rights Issue)
(1) Based on the intended use of the proceeds as set out in the abridged prospectus dated 15 April 2025 in respect of the Rights Issue. The surplus of proceeds to defray the estimated expenses in relation to the Rights Issue has been re-allocated to the general working capital of the Group.
(2) On 17 June 2025, the Board has approved the re-allocation of RM18.0 million from the Funding for Fleet Management Business to Funding for Financing Services Business to alleviate its immediate funding requirement to support its Financing Services Business.
page 10
GREENTRONICS TECHNOLOGY BERHAD (Formerly known as Mpire Global Berhad) (Company No. 199501010609 (339810-A))
B. Compliance with Bursa Malaysia Main Market Listing Requirements (Part A of Appendix 9B)(cont'd)
B9. Group Borrowings and Debt Securities
| | As at
31.03.2026
RM'000 | As at
31.12.2025
RM'000 |
| --- | --- | --- |
| Current - unsecured
Term Loan | 380 | 380 |
| | 380 | 380 |
B10 Material Litigation
The Group is not engaged in any material litigation or arbitration, either as plaintiff or defendant, which has a material effect on the financial position of the company or its subsidiaries and the Board is not aware of any proceedings pending or threatened or of any fact likely to give rise to any proceedings, which might materially and adversely affect the position or business of the Company or its subsidiaries as at the date of this report.
B11 Proposed Dividend
No dividend has been declared or paid during the current quarter and financial period under review.
B12 Earning/(Loss) per Share
a) Basic
Basic earning/(loss) per ordinary share is calculated by dividing the net profit/(loss) for the financial period attributable to ordinary equity holders of the company by the weighted average number of ordinary shares in issue during the financial period.
| Individual Quarter | Cumulative Period | |||
|---|---|---|---|---|
| Current Year Quarter 31.03.2026 RM'000 | Preceding Year Corresponding Quarter 31.03.2025 RM'000 | Current Year To Date 31.03.2026 RM'000 | Preceding Year Corresponding Year To Date 31.03.2025 RM'000 | |
| Net profit/(loss) for the period attributable to ordinary equity holders (RM '000) | 183 | (431) | 183 | (431) |
| Weighted average number of ordinary shares in issue ('000) | 898,610 | 149,745 | 898,610 | 149,745 |
| Basic earning/(loss) per ordinary share (sen) | 0.02 | (0.29) | 0.02 | (0.29) |
b) Diluted
Diluted earning/(loss) per ordinary share is calculated by dividing the net earning/(loss) for the financial period attributable to ordinary equity holders of the company by the weighted average number of ordinary shares that would have been in issue assuming full exercise of Warrants C Option.
| Individual Quarter | Cumulative Period | |||
|---|---|---|---|---|
| Current Year Quarter 31.03.2026 RM'000 | Preceding Year Corresponding Quarter 31.03.2025 RM'000 | Current Year To Date 31.03.2026 RM'000 | Preceding Year Corresponding Year To Date 31.03.2025 RM'000 | |
| Net profit/(loss) for the period attributable to ordinary equity holders (RM '000) | 183 | (431) | 183 | (431) |
| Weighted average number of ordinary shares in issue ('000) | 898,610 | 149,745 | 898,610 | 149,745 |
| Assuming all the outstanding Warrants C are exercised into new shares. | 299,352 | - | 299,352 | - |
| Total weighted average number of ordinary shares in issue ('000) | 1,197,962 | 149,745 | 1,197,962 | 149,745 |
| Diluted earning/(loss) per ordinary share (sen) | 0.02 | (0.29) | 0.02 | (0.29) |
B13 Authority For Issue
The interim financial report were authorised for issue by the Board of Directors on 28 May 2026.
By order of the Board,
DATO GOH SOO WEE
Executive Chairman
Date: 28 May 2026