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JCBNEXT BERHAD — Interim / Quarterly Report 2026
May 24, 2026
70812_rns_2026-05-24_1f4d691f-f94f-4c30-a216-0757c694664f.pdf
Interim / Quarterly Report
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JCBNEXT BERHAD [200401002875 (641378-W)]
Quarterly Report on Consolidated Results for the 1st Quarter Ended 31 March 2026
Condensed Consolidated Income Statement
(The figures have not been audited)
| INDIVIDUAL QUARTER ENDED | CUMULATIVE QUARTER ENDED | |||
|---|---|---|---|---|
| 31/3/2026 RM'000 | 31/3/2025 RM'000 | 31/3/2026 RM'000 | 31/3/2025 RM'000 | |
| Revenue | 1,752 | 2,459 | 1,752 | 2,459 |
| Foreign exchange losses | (351) | (81) | (351) | (81) |
| Other operating income | 2 | 1 | 2 | 1 |
| Operating expenses | (1,107) | (1,153) | (1,107) | (1,153) |
| Results from operating activities | 296 | 1,226 | 296 | 1,226 |
| Interest expense | (5) | (3) | (5) | (3) |
| Gain on disposal of investment in an associate | 3,754 | 5,278 | 3,754 | 5,278 |
| Gain on financial assets classified as fair value through profit or loss | 309 | 143 | 309 | 143 |
| Share of profit of equity accounted associates, net of tax | 1,000 | 1,070 | 1,000 | 1,070 |
| Profit before tax | 5,354 | 7,714 | 5,354 | 7,714 |
| Tax expense | (90) | (373) | (90) | (373) |
| Profit for the period | 5,264 | 7,341 | 5,264 | 7,341 |
| Earnings per share | ||||
| Basic (sen) | 4.02 | 5.59 | 4.02 | 5.59 |
The interim financial report should be read in conjunction with the financial statements for the year ended 31 December 2025.
JCBNEXT BERHAD [200401002875 (641378-W)]
Quarterly Report on Consolidated Results for the 1st Quarter Ended 31 March 2026
Condensed Consolidated Statement of Comprehensive Income
(The figures have not been audited)
| INDIVIDUAL QUARTER ENDED | CUMULATIVE QUARTER ENDED | |||
|---|---|---|---|---|
| 31/3/2026 RM'000 | 31/3/2025 RM'000 | 31/3/2026 RM'000 | 31/3/2025 RM'000 | |
| Profit for the period | 5,264 | 7,341 | 5,264 | 7,341 |
| Other comprehensive income, net of tax | ||||
| Items that will not be reclassified subsequently to profit or loss | ||||
| Net change in fair value of equity investments designated at fair value through other comprehensive income | ||||
| - (Loss)/Gain on price change | (5,586) | 20,294 | (5,586) | 20,294 |
| - Loss on exchange differences | (1,696) | (1,886) | (1,696) | (1,886) |
| Items that are or may be reclassified subsequently to profit or loss | ||||
| Foreign currency translation differences for foreign operations | (1,380) | (1,695) | (1,380) | (1,695) |
| Share of loss of equity accounted associates | (32) | (15) | (32) | (15) |
| Total other comprehensive (loss)/income for the period, net of tax | (8,694) | 16,698 | (8,694) | 16,698 |
| Total comprehensive (loss)/income for the period | (3,430) | 24,039 | (3,430) | 24,039 |
The interim financial report should be read in conjunction with the financial statements for the year ended 31 December 2025.
JCBNEXT BERHAD [200401002875 (641378-W)]
Condensed Consolidated Statement of Financial Position
| | Unaudited
As at
31/3/2026
RM'000 | Audited
As at
31/12/2025
RM'000 |
| --- | --- | --- |
| Assets | | |
| Property and equipment | 94 | 95 |
| Investment properties | 18,000 | 18,000 |
| Right-of-use assets | 185 | 36 |
| Investments in associates | 42,756 | 46,234 |
| Other investments - FVOCI | 232,638 | 242,195 |
| Total non-current assets | 293,673 | 306,560 |
| Other investments - FVTPL | 49,673 | 42,622 |
| Other receivables | 106 | 94 |
| Dividend receivables | 430 | 2,989 |
| Prepayments and other assets | 203 | 183 |
| Current tax assets | 26 | - |
| Cash and cash equivalents | 109,186 | 105,745 |
| Total current assets | 159,624 | 151,633 |
| Total assets | 453,297 | 458,193 |
| Equity | | |
| Share capital | 196,620 | 196,620 |
| Reserves | 250,298 | 254,107 |
| Total equity | 446,918 | 450,727 |
| Liabilities | | |
| Lease liabilities | 102 | - |
| Deferred tax liabilities | 5,116 | 5,963 |
| Total non-current liabilities | 5,218 | 5,963 |
| Lease liabilities | 85 | 38 |
| Other payables | 1,071 | 1,460 |
| Current tax payables | 5 | 5 |
| Total current liabilities | 1,161 | 1,503 |
| Total liabilities | 6,379 | 7,466 |
| Total equity and liabilities | 453,297 | 458,193 |
| Net assets per share (RM) | 3.42 | 3.44 |
The interim financial report should be read in conjunction with the financial statements for the year ended 31 December 2025.
JCBNEXT BERHAD [200401002875 (641378-W)]
Condensed Consolidated Statement of Changes in Equity
For the 3 months ended 31 March 2026
(The figures have not been audited)
| ←---Attributable to shareholders of the Company---→ | Distributable | |||||||
|---|---|---|---|---|---|---|---|---|
| Share capital RM'000 | Capital reserve RM'000 | Translation reserve RM'000 | Fair value reserve RM'000 | Revaluation reserve RM'000 | Treasury shares RM'000 | Retained earnings RM'000 | Total equity RM'000 | |
| At 1 January 2026 | 196,620 | 1,020 | 5,056 | 20,036 | 5,742 | - | 222,253 | 450,727 |
| Foreign currency translation differences for foreign operations | - | - | (1,380) | - | - | - | - | (1,380) |
| Equity instruments designated at fair value through other comprehensive income | - | - | - | (5,586) | - | - | - | (5,586) |
| - Loss on price changes | - | - | - | (1,696) | - | - | - | (1,696) |
| - Loss on exchange differences | - | - | - | - | - | - | - | - |
| Share of other comprehensive loss of equity accounted associates | - | (87) | 55 | - | - | - | - | (32) |
| Total other comprehensive loss for the period | - | (87) | (1,325) | (7,282) | - | - | - | (8,694) |
| Profit for the period | - | - | - | - | - | - | 5,264 | 5,264 |
| Total comprehensive loss for the period | - | (87) | (1,325) | (7,282) | - | - | 5,264 | (3,430) |
| Contributions by and distribution to owners of the Company | ||||||||
| Treasury shares acquired | - | - | - | - | - | (379) | - | (379) |
| Total transactions with owners of the Company | - | - | - | - | - | (379) | - | (379) |
| Transfer upon the disposal of investment in an associate | - | (70) | - | - | - | - | 70 | - |
| Transfer upon the disposal of equity investment designated at FVOCI | - | - | - | (4,731) | - | - | 4,731 | - |
| At 31 March 2026 | 196,620 | 863 | 3,731 | 8,023 | 5,742 | (379) | 232,318 | 446,918 |
JCBNEXT BERHAD [200401002875 (641378-W)]
Condensed Consolidated Statement of Changes in Equity
For the 3 months ended 31 March 2026
(The figures have not been audited)
| ←---Attributable to shareholders of the Company---→ | Distributable | |||||||
|---|---|---|---|---|---|---|---|---|
| Share capital RM'000 | Capital reserve RM'000 | Translation reserve RM'000 | Fair value reserve RM'000 | Revaluation reserve RM'000 | Treasury shares RM'000 | Retained earnings RM'000 | Total equity RM'000 | |
| At 1 January 2025 | 196,620 | 1,414 | 11,776 | 7,447 | 5,742 | - | 176,724 | 399,723 |
| Foreign currency translation differences for foreign operations | - | - | (1,695) | - | - | - | - | (1,695) |
| Equity instruments designated at fair value through other comprehensive income | - | - | - | 20,294 | - | - | - | 20,294 |
| - Gain on price changes | - | - | - | (1,886) | - | - | - | (1,886) |
| - Loss on exchange differences | - | - | - | - | - | - | - | - |
| Share of other comprehensive loss of equity accounted associates | - | (40) | 25 | - | - | - | - | (15) |
| Total other comprehensive income for the period | - | (40) | (1,670) | 18,408 | - | - | - | 16,698 |
| Profit for the period | - | - | - | - | - | - | 7,341 | 7,341 |
| Total comprehensive income for the period | - | (40) | (1,670) | 18,408 | - | - | 7,341 | 24,039 |
| Contributions by and distribution to owners of the Company | ||||||||
| Treasury shares acquired | - | - | - | - | - | (427) | - | (427) |
| Total transactions with owners of the Company | - | - | - | - | - | (427) | - | (427) |
| Transfer upon the disposal of investment in an associate | - | (83) | - | - | - | - | 83 | - |
| Transfer upon the disposal of equity investment designated at FVOCI | - | - | - | 419 | - | - | (419) | - |
| At 31 March 2025 | 196,620 | 1,291 | 10,106 | 26,274 | 5,742 | (427) | 183,729 | 423,335 |
The interim financial report should be read in conjunction with the financial statements for the year ended 31 December 2025.
JCBNEXT BERHAD [200401002875 (641378-W)]
Condensed Consolidated Statement of Cash Flows
For the 3 months ended 31 March 2026
(The figures have not been audited)
| 3 months ended 31/3/2026 RM'000 | 3 months ended 31/3/2025 RM'000 | |
|---|---|---|
| CASHFLOW FROM OPERATING ACTIVITIES | ||
| Profit before taxation | 5,354 | 7,714 |
| Adjustment for:- | ||
| Depreciation of property and equipment and right-of-use assets | 32 | 21 |
| Dividend income | (819) | (1,507) |
| Interest income | (504) | (584) |
| Gain on disposal of investment in an associate | (3,754) | (5,278) |
| Share of profit after tax of equity accounted associates | (1,000) | (1,070) |
| Finance costs | 5 | 3 |
| Investment distribution income | (428) | (23) |
| Gain on financial assets classified as fair value through profit or loss | (309) | (143) |
| Unrealised foreign exchange loss | 293 | 163 |
| Operating loss before working capital changes | (1,130) | (704) |
| Change in trade and other receivables | (12) | 108 |
| Change in prepayments and other assets | (20) | 5 |
| Change in trade and other payables | (386) | 52 |
| Cash used in operations | (1,548) | (539) |
| Income tax paid | (26) | (156) |
| Interest received | 504 | 580 |
| Interest paid | (5) | (3) |
| Net cash used in operating activities | (1,075) | (118) |
| CASHFLOW FROM INVESTING ACTIVITIES | ||
| Acquisition of other investments | (19,933) | (20,182) |
| Investment distribution income received | 428 | 23 |
| Acquisition of property and equipment | (6) | - |
| Acquisition of treasury shares | (379) | (427) |
| Proceeds from disposal of investment in an associate | 6,863 | 9,076 |
| Proceeds from disposal of other investments | 14,529 | 8,286 |
| Dividends received from other investments | 3,372 | 1,507 |
| Net cash generated from/(used in) investing activities | 4,874 | (1,717) |
| CASHFLOW FROM FINANCING ACTIVITIES | ||
| Repayment of lease liabilities | (25) | (16) |
| Net cash used in financing activities | (25) | (16) |
| Net increase/(decrease) in cash and cash equivalents | 3,774 | (1,851) |
| Cash and cash equivalents at 1 January | 105,745 | 86,798 |
| Effect of exchange rate changes on cash and cash equivalents | (333) | 91 |
| Cash and cash equivalents at 31 March | 109,186 | 85,038 |
The interim financial report should be read in conjunction with the financial statements for the year ended 31 December 2025.