AI assistant
MCLEAN TECHNOLOGIES BERHAD Interim / Quarterly Report 2026
71043_rns_2026-05-18_4f079ced-02ae-4516-a58d-b596df52f1d0.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
MClean
MCLEAN TECHNOLOGIES BERHAD
(Company No: 201001009003 (893631-T))
(Incorporated in Malaysia)
Interim Financial Statements
31 March 2026
MCLEAN TECHNOLOGIES BERHAD (Company No: 201001009003 (893631-T))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE QUARTER AND THREE MONTHS ENDED 31 MARCH 2026
| Note | 3 months ended | Cumulative 3 months ended | |||
|---|---|---|---|---|---|
| 31/3/26 RM'000 | 31/3/25 RM'000 | 31/3/26 RM'000 | 31/3/25 RM'000 | ||
| REVENUE | 18,473 | 14,468 | 18,473 | 14,468 | |
| COST OF SALES | (11,972) | (9,383) | (11,972) | (9,383) | |
| GROSS PROFIT | 6,501 | 5,085 | 6,501 | 5,085 | |
| OTHER INCOME | 720 | 897 | 720 | 897 | |
| ADMINISTRATIVE EXPENSES | (3,281) | (2,585) | (3,281) | (2,585) | |
| SELLING AND DISTRIBUTION EXPENSES | (222) | (232) | (222) | (232) | |
| OTHER EXPENSES | (70) | (19) | (70) | (19) | |
| FINANCE COST | (228) | (116) | (228) | (116) | |
| PROFIT BEFORE TAX | 3,420 | 3,030 | 3,420 | 3,030 | |
| TAX EXPENSE | 24 | - | (1) | - | (1) |
| PROFIT FOR THE FINANCIAL PERIOD | 3,420 | 3,029 | 3,420 | 3,029 | |
| OTHER COMPREHENSIVE (LOSSES)/ PROFIT | |||||
| Foreign currency translation difference | (798) | (144) | (798) | (144) | |
| Revaluation of freehold land and buildings | - | - | - | - | |
| (798) | (144) | (798) | (144) | ||
| TOTAL COMPREHENSIVE INCOME FOR THE FINANCIAL PERIOD | 2,622 | 2,885 | 2,622 | 2,885 | |
| Profit attributable to: | |||||
| Owners of the Company | 3,187 | 3,053 | 3,187 | 3,053 | |
| Non-controlling interests | 233 | (24) | 233 | (24) | |
| 3,420 | 3,029 | 3,420 | 3,029 | ||
| Total comprehensive income attributable to: | |||||
| Owners of the Company | 2,389 | 2,909 | 2,389 | 2,909 | |
| Non-controlling interests | 233 | (24) | 233 | (24) | |
| 2,622 | 2,885 | 2,622 | 2,885 | ||
| Earnings per share (sen) | |||||
| Basic | 25 | 1.29 | 1.24 | 1.29 | 1.24 |
(The Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the audited consolidated financial statements of MClean Technologies Berhad for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial statements.)
MCLEAN TECHNOLOGIES BERHAD (Company No: 201001009003 (893631-T))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2026
| Note | (UNAUDITED) | (AUDITED) | |
|---|---|---|---|
| As at 31/03/2026 | As at 31/12/2025 | ||
| RM'000 | RM'000 | ||
| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment | 28,763 | 28,187 | |
| Right-of-use assets | 13,928 | 15,504 | |
| Deferred tax assets | - | 444 | |
| Other receivables | - | 24 | |
| 42,691 | 44,159 | ||
| Current assets | |||
| Inventories | 3,621 | 3,321 | |
| Trade receivables | 24,849 | 22,029 | |
| Other receivables | 6,486 | 5,373 | |
| Contract assets | - | 788 | |
| Amount due from a related party | 5,707 | 5,740 | |
| Tax recoverable | 32 | 22 | |
| Deposits with licensed banks | - | 95 | |
| Cash and bank balances | 11,284 | 11,500 | |
| Total Current Assets | 51,979 | 48,868 | |
| TOTAL ASSETS | 94,670 | 93,027 | |
| EQUITY AND LIABILITIES | |||
| Equity attributable to owners of the Company | |||
| Share capital | 29,203 | 29,203 | |
| Accumulated profit | 32,900 | 30,698 | |
| Reserves | (12,589) | (11,791) | |
| 49,514 | 48,110 | ||
| Non-controlling interests | 10,668 | 10,435 | |
| TOTAL EQUITY | 60,182 | 58,545 | |
| Non-current liabilities | |||
| Borrowings | 20 | 4,060 | 4,015 |
| Lease liabilities | 6,605 | 10,869 | |
| Deferred tax liabilities | 867 | 1,306 | |
| 11,532 | 16,190 | ||
| Current liabilities | |||
| Trade payables | 6,268 | 5,567 | |
| Other payables | 4,233 | 4,588 | |
| Borrowings | 20 | 2,868 | 2,974 |
| Lease liabilities | 7,518 | 4,071 | |
| Proposed dividend payable | 985 | - | |
| Tax payable | 1,084 | 1,092 | |
| Total Current Liabilities | 22,956 | 18,292 | |
| TOTAL LIABILITIES | 34,488 | 34,482 | |
| TOTAL EQUITY AND LIABILITIES | 94,670 | 93,027 | |
| Net assets per share attributable to owners of the Company (RM) | 0.20 | 0.20 |
(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited consolidated financial statements of MClean Technologies Berhad for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial statements.)
MCLEAN TECHNOLOGIES BERHAD (Company No: 201001009003 (893631-T))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE THREE MONTHS ENDED 31 MARCH 2026
Cumulative year ended 31 March 2026
Balance as at 31.12.2025
Profit for the financial year
Other comprehensive loss for the financial year
Proposed Dividend
Total comprehensive (loss)/income for the financial year
Balance as at 31.03.2026
| Non distributable | Distributable | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| SHARE CAPITAL | |||||||||
| RM'000 | SHARE PREMIUM | ||||||||
| RM'000 | MERGER DEFICIT | ||||||||
| RM'000 | REVALUATION RESERVE | ||||||||
| RM'000 | CURRENCY FLUCTUATION RESERVE | ||||||||
| RM'000 | OTHER RESERVE | ||||||||
| RM'000 | ACCUMULATED PROFIT/ (LOSSES) | ||||||||
| RM'000 | TOTAL ATTRIBUTABLE TO OWNERS OF THE COMPANY | ||||||||
| RM'000 | NON CONTROLLING INTERESTS | ||||||||
| RM'000 | TOTAL EQUITY | ||||||||
| RM'000 | |||||||||
| 29,203 | - | (16,050) | 5,460 | 2,746 | (3,947) | 30,698 | 48,110 | 10,435 | 58,545 |
| - | - | - | - | - | - | 3,187 | 3,187 | 233 | 3,420 |
| - | - | - | - | (798) | - | - | (798) | - | (798) |
| - | - | - | - | - | - | (985) | (985) | - | (985) |
| - | - | - | - | (798) | - | 2,202 | 1,404 | 233 | 1,637 |
| 29,203 | - | (16,050) | 5,460 | 1,948 | (3,947) | 32,900 | 49,514 | 10,668 | 60,182 |
Cumulative year ended 31 March 2025
Balance as at 31.12/2024
Profit for the financial year
Other comprehensive loss for the period
Total comprehensive (loss)/income for the financial period
Transaction with owners:
- Issuance of ordinary shares pursuant to private placement
Share capital reduction
Total transactions with owners
Balance as at 31.03.2025
| Non distributable | Distributable | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| SHARE CAPITAL | |||||||||
| RM'000 | SHARE PREMIUM | ||||||||
| RM'000 | MERGER DEFICIT | ||||||||
| RM'000 | REVALUATION RESERVE | ||||||||
| RM'000 | CURRENCY FLUCTUATION RESERVE | ||||||||
| RM'000 | OTHER RESERVE | ||||||||
| RM'000 | ACCUMULATED PROFIT/ (LOSSES) | ||||||||
| RM'000 | TOTAL ATTRIBUTABLE TO OWNERS OF THE COMPANY | ||||||||
| RM'000 | NON CONTROLLING INTERESTS | ||||||||
| RM'000 | TOTAL EQUITY | ||||||||
| RM'000 | |||||||||
| 50,973 | - | (16,050) | 2,373 | 3,476 | (3,947) | (15,452) | 21,373 | 8,715 | 30,088 |
| - | - | - | - | - | - | 3,053 | 3,053 | (24) | 3,029 |
| - | - | - | - | (144) | - | - | (144) | - | (144) |
| - | - | - | - | (144) | - | 3,053 | 2,909 | (24) | 2,885 |
| - | - | - | - | - | - | - | - | - | - |
| 13,230 | - | - | - | - | - | - | 13,230 | - | 13,230 |
| (35,000) | - | - | - | - | - | 35,000 | - | - | - |
| (21,770) | - | - | - | - | - | 35,000 | 13,230 | - | 13,230 |
| 29,203 | - | (16,050) | 2,373 | 3,332 | (3,947) | 22,601 | 37,512 | 8,691 | 46,203 |
(The Condensed Consolidated Statement of Changes In Equity should be read in conjunction with the audited consolidated financial statements of MClean Technologies Berhad for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial statements.)
MCLEAN TECHNOLOGIES BERHAD (Company No: 201001009003 (893631-T))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED 31 MARCH 2026
| 3 months ended | ||
|---|---|---|
| 31/03/2026 | 31/03/2025 | |
| Note | RM'000 | RM'000 |
| OPERATING ACTIVITIES | ||
| Profit before tax | 3,420 | 3,030 |
| Adjustments for: | ||
| Depreciation of property, plant and equipment | 791 | 594 |
| Depreciation of right-of-use assets | 808 | 196 |
| Interest expenses | 228 | 116 |
| Interest income | (7) | (23) |
| Unrealised loss on foreign exchange | (440) | (306) |
| Operating profit before working capital changes | 4,800 | 3,607 |
| Changes in working capital:- | ||
| Inventories | (300) | (64) |
| Receivables | (3,155) | (2,681) |
| Payables | 346 | (400) |
| Related Parties | 33 | - |
| Contract liabilities | - | (54) |
| CASH GENERATED FROM OPERATIONS | 1,724 | 408 |
| Net tax paid | (8) | (51) |
| NET CASH FROM OPERATING ACTIVITIES | 1,716 | 357 |
| INVESTING ACTIVITIES | ||
| Purchase of property, plant and equipment | (599) | (208) |
| Acquisition of business | - | (6,036) |
| Interest received | 7 | 23 |
| NET CASH USED IN INVESTING ACTIVITIES | (592) | (6,221) |
| FINANCING ACTIVITIES | ||
| Interest paid | (228) | (116) |
| Proceed from private placement | - | 13,230 |
| Repayment of lease liabilities | (817) | (202) |
| Received deposits pledged with licensed banks | 95 | - |
| Repayment of term loan | (61) | (175) |
| NET CASH USED IN FINANCING ACTIVITIES | (1,011) | 12,737 |
| CASH AND CASH EQUIVALENTS | ||
| Net changes | 113 | 6,873 |
| Brought forward | 11,500 | 4,995 |
| Effects of exchange translation differences on cash and cash equivalents | (329) | 364 |
| Carried forward | 11,284 | 12,232 |
(The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the audited consolidated financial statements of MClean Technologies Berhad for the financial year ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial statements.)
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "THE COMPANY") (Company No: 201001009003 (893631-T))
UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS FINANCIAL PERIOD ENDED 31 MARCH 2026
NOTES TO THE UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS FINANCIAL PERIOD ENDED 31 MARCH 2026
1. Basis of Preparation
The Condensed Interim Financial Statements have been prepared in accordance with Malaysian Financial Reporting Standards ("MFRSs") No 134: Interim Financial Reporting and Paragraph 9.22 of Listing Requirements of Bursa Malaysia Securities Berhad. This Interim Financial Statements also complied with IAS 34: Interim Financial Reporting issued by the International Accounting Standard Board ("IASB").
The condensed consolidated interim financial statements should be read in conjunction with the audited financial statements for the financial year ended 31 December 2025. The explanatory notes attached to these condensed consolidated interim financial statements provide an explanation of events and transactions that are significant to an understanding of the changes in the financial position and performance of the Group since the financial year ended 31 December 2025.
2. Significant Accounting Policies
The accounting policies adopted in these condensed consolidated interim financial statements are consistent with those adopted for the financial year ended 31 December 2025, except for the adoption of the following Amendments and Annual Improvements to Standards effective for the annual periods beginning on or after 1 January 2024.
- Amendments to MFRS 16 Leases - Lease Liability in a Sale and Leaseback
- Amendments to MFRS 101 Presentation of Financial Statements - Non-current Liabilities with Covenants
- Amendments to MFRS 101 Presentation of Financial Statements – Classification of Liabilities as Current or Non-current
- Amendment to MFRS 107 Statement of Cashflows and MFRS 7 Financial Instruments: Disclosures - Supplier Finance Agreements
- Amendment to MFRS 121 The Effects of Changes in Foreign Exchange Rates - Lack of Exchangeability
The adoption of the above amendments to MFRSs did not have any material financial impacts to the Group.
Standards issued but not yet effective
i) MFRSs and amendments effective for annual periods beginning on or after 1 January 2027
- Amendments to MFRS 121 Translation to a Hyperinflationary Presentation Currency
ii) MFRSs and amendments effective for annual periods beginning on or after 1 January 2026
- Amendments to MFRS 9 and MFRS 7 - Amendments to the Classification and Measurement of Financial Instruments.
- Annual Improvements – Volume 11
- Amendments to MFRS 1
- Amendments to MFRS 7
- Amendments to MFRS 9
- Amendments to MFRS 10
- Amendments to MFRS 107
- Amendments to MFRS 9 and MFRS 7 - Contracts Referencing Nature-dependent Electricity
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "THE COMPANY") (Company No: 201001009003 (893631-T))
- Significant Accounting Policies (continued)
Standards issued but not yet effective (continued)
iii) MFRSs and amendments effective for annual periods beginning on or after 1 January 2027
- MFRS 18 - Presentation and Disclosure in Financial Statements
- MFRS 19 - Subsidiaries without Public Accountability: Disclosures
iv) MFRSs and amendments effective for annual periods beginning on or after a date yet to be confirmed
- 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
The initial application of the above MFRSs and amendments to be published standards is not expected to have any material impact on the financial statements of the Group.
- Audit Report of Preceding Annual Financial Statements
The preceding year annual audited financial statements were not subject to any qualification.
- Seasonal or Cyclical Factors
The Group's operations were not subject to any seasonal or cyclical changes.
- Unusual Items Affecting Assets, Liabilities, Equity, Net Income or Cash Flows
There was no other item which is unusual because of its size or incidences that has affected the assets, liabilities, equity, net income or cash flow of the Group for the current financial quarter under review.
- Material Changes in Estimates
There were no material changes in estimates for the quarter ended 31 March 2026.
- Debt and Equity Securities
There were no issuance, cancellation, repurchases, resale and repayment of debt and equity securities for the current financial quarter.
- Dividend Paid
There were no dividends declared or paid by the Group for the current quarter under review.
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "THE COMPANY")
(Company No: 201001009003 (893631-T))
9. Segmental Reporting
The segmental results of the Group for the current and previous financial period-to-date under review is set out below:
Geographical information
Revenue information based on the geographical location of customers are as follows:
| Location | 3 Months Ended | 3 Months Ended |
|---|---|---|
| 31.03.2026 | 31.03.2025 | |
| RM'000 | RM'000 | |
| Malaysia | 5,002 | 3,607 |
| Singapore | 17,745 | 14,247 |
| Thailand | 59 | 406 |
| Others | 248 | 100 |
| Inter segment | (4,581) | (3,892) |
| 18,473 | 14,468 |
The business of the Group is generated from the business of surface treatment and precision cleaning related service mainly in HDD and consumer electrics industries and there is only one business segment identified by the management.
10. Valuation of Property, Plant and Equipment
There were no revaluation being done in the current quarter under review.
11. Material Events Subsequent to the End of the Financial Quarter ended 31 March 2026
There were no material events subsequent to the end of the reporting quarter that have not been reflected in the quarter under review.
12. Changes in the Composition of the Group
There were no changes in the composition of the Group during the financial quarter under review for the 3 months ended 31 March 2026.
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "THE COMPANY")
(Company No: 201001009003 (893631-T))
13. Contingent Liabilities and Contingent Assets
(a) Contingent liabilities
The Group has secured and unsecured bank guarantee given to the Royal Malaysian Customs Department and licensed bank for credit facilities granted to a subsidiary for RM300,000 and RM900,450 respectively.
(b) Contingent assets
There were no contingent assets as at the end of financial quarter ended 31 March 2026.
14. Capital Commitment
There were no capital commitments for the purchase of any property, plant and equipment or any other expenses that were not accounted for in the financial statements of the quarter under review.
15. Review of Performance
Comparison between Financial Quarter Ended 31 March 2026 ("1Q2026") and Previous Corresponding Quarter Ended 31 March 2025 ("1Q2025")
A summary of the Group's performance is set out below:
| 3 Months Ended | ||||
|---|---|---|---|---|
| 31.03.2026 | 31.03.2025 | Increase/(Decrease) | ||
| Surface Treatment & Precision Cleaning | Surface Treatment & Precision Cleaning | |||
| RM'000 | RM'000 | RM'000 | % | |
| Revenue | 18,473 | 14,468 | 4,005 | 27.68 |
| Gross profit | 6,501 | 5,085 | 1,416 | 27.85 |
| Profit before tax | 3,420 | 3,030 | 390 | 12.87 |
| Profit after tax | 3,420 | 3,029 | 391 | 12.91 |
| Profit attributable to owners of the Company | 3,187 | 3,053 | 134 | 4.39 |
Revenue increased by 27.68% from RM14.4 million in 1Q2025 to RM18.4 million in 1Q2026 due mainly to the increase in revenue from both precision cleaning and surface treatment activities.
Gross profit margin increased from 35.15% in 1Q2025 to 35.19% in 1Q2026 due mainly to an overall improvement in operating efficiency of both precision cleaning and surface treatment activities.
Other income decreased by RM0.1 million in 1Q2026 as compared with 1Q2025 due mainly to lower others income and reduced interest income received during the quarter.
Administrative expenses increased by RM0.7 million in 1Q2026 as compared with 1Q2025 due mainly in line with the increase in sales.
Overall, the Group reported a profit before tax of RM3.4 million in 1Q2026 as compared with a profit before tax of RM3.0 million in 1Q2025.
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "THE COMPANY") (Company No: 201001009003 (893631-T))
- Material Changes between 1Q2026 Financial Results as Compared with the Immediate Preceding Quarter ("4Q2025")
| | Current Quarter
31.03.2026 | Immediate
Preceding Quarter
31.12.2025 | Increase/(Decrease) | |
| --- | --- | --- | --- | --- |
| | Surface Treatment & Precision Cleaning | Surface Treatment & Precision Cleaning | RM'000 | % |
| | RM'000 | RM'000 | | |
| Revenue | 18,473 | 15,304 | 3,169 | 20.71 |
| Gross profit | 6,501 | 6,163 | 338 | 5.48 |
| Profit before tax | 3,420 | 2,648 | 772 | 29.15 |
| Profit after tax | 3,420 | 1,676 | 1,744 | 104.06 |
| Profit attributable to owners of the Company | 3,187 | 1,843 | 1,344 | 72.92 |
Revenue for 1Q2026 increased by 20.71% as compared to the 4Q2025 due mainly to the increase in revenue from both precision cleaning and surface treatment activities.
Overall gross profit margin decreased from 40.27% in 4Q2025 to 35.19% in 1Q2026 due mainly to higher material and operating costs of both precision cleaning and surface treatment activities.
Other income decreased by RM4.4 million in 1Q2026 as compared with 4Q2025 due mainly to the fair value gain on investment property and the gain on disposal of fixed assets recorded in 4Q2025.
Administrative expenses decreased by RM4.5 million in 1Q2026 as compared to 4Q2025 due mainly to mainly due to lower operating and administrative costs incurred during the quarter.
Overall, the Group reported a profit before tax of RM3.4 million in 1Q2026 as compared with a profit before tax of RM2.6 million in 4Q2025.
- Future Prospects
Mclean's outlook for FY2026 to FY2028 remains positive, driven by its expansion plans, operational improvements, and growing exposure to high-growth industries, especially the semiconductor sector. The Group is expanding its manufacturing capacity through new production lines and facility in Malaysia and Thailand to support rising regional demand and strengthen its position in Southeast Asia.
The ongoing shift of semiconductor supply chains into Southeast Asia presents significant opportunities for Mclean. As Singapore becomes a key hub for semiconductor manufacturing, electronics, data centres, precision engineering, and advanced industrial activities, demand is expected to grow for precision tooling, cleanroom products, and industrial support services. Growth in AI infrastructure, cloud computing, EVs, medical devices, automation, and IT devices is also expected to support long-term demand.
To support future growth, Mclean plans to develop a new plastic injection manufacturing facility that is expected to increase production capacity by approximately 120% by 2027. The expansion is driven by strong customer demand and high utilization of existing facilities, while also improving automation, production efficiency, and scalability.
Overall, Mclean is well-positioned for sustainable long-term growth through expanded manufacturing capabilities, greater exposure to high-tech industries, improved operational efficiency, and stronger regional presence, reinforcing its position as a trusted manufacturing and industrial solutions provider.
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "THE COMPANY")
(Company No: 201001009003 (893631-T))
- Status of Utilisation of Proceeds Raised from Corporate Proposal
| Proposed Utilisation | Actual Utilisation | Balance Unutilised | Estimated Timeframe for Utilisation | |
|---|---|---|---|---|
| RM'000 | RM'000 | RM'000 | ||
| Purchase Consideration | 6,036 | 6,036 | - | Within 6 months |
| Working capital requirements for Plastic Business | 5,639 | 3,036 | 2,603 | Within 24 months |
| Estimated expenses for the Proposals | 650 | 650 | - | Immediately |
| Total | 12,325 | 9,722 | 2,603 |
- Variance of Profit Forecast and Shortfall in Profit Guarantee
The Group has not issued any profit forecast or profit guarantee for the current financial quarter.
- Group Borrowings and Debt Securities
The Group’s borrowings as at 31 March 2026 are as follows:
| As at 31 March 2026 | ||||||
|---|---|---|---|---|---|---|
| Long term | Short term | Total borrowings | ||||
| Foreign denomination | RM denomination and RM equivalent | Foreign denomination | RM denomination and RM equivalent | Foreign denomination | RM denomination and RM equivalent | |
| SGD'000 | RM'000 | SGD'000 | RM'000 | SGD'000 | RM'000 | |
| Secured | ||||||
| Term loan | - | 4,060 | - | 101 | - | 4,161 |
| Factoring loan | - | - | 881 | 2,767 | 881 | 2,767 |
| As at 31 March 2025 | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| Long term | Short term | Total borrowings | ||||
| Foreign denomination | RM denomination and RM equivalent | Foreign denomination | RM denomination and RM equivalent | Foreign denomination | RM denomination and RM equivalent | |
| SGD'000 | RM'000 | SGD'000 | RM'000 | SGD'000 | RM'000 | |
| Secured | ||||||
| Term loan | - | 4,247 | - | 95 | - | 4,342 |
| Factoring loan | - | - | 894 | 2,952 | 894 | 2,952 |
The total borrowings denominated in foreign currency as at 31 March 2026 are: -
RM'000
Foreign currency – SGD 881,348 @ RM3.1397/SGD
2,767
The factoring loan is charged at an effective interest rate of 4.67% per annum. The Term loan is charged at an effective interest rate of approximately 4.20% - 4.45% per annum.
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "THE COMPANY")
(Company No: 201001009003 (893631-T))
21. Off Balance Sheet Financial Instruments
As at 31 March 2026, the Group does not have any off balance sheet financial instrument.
22. Material Litigation
There was no pending material adverse litigation from 1 January 2026 up to the date of this announcement.
23. Proposed Dividend Payable
The Board of Directors has proposed an interim dividend of RM0.004 per ordinary share in respect of the financial year ended 31 December 2026, amounting to RM984,852 based on 246,213,000 ordinary shares in issue. This represents approximately $10\%$ of the Group's profit for FY2025. FY2025 marks the first year of the Group's return to profitability. Going forward, the Group intends to progressively enhance its dividend payout ratio as a percentage of profit, subject to prevailing business conditions and unforeseen circumstances. The entitlement date, ex-date, and payment date will be determined and announced by the Board at a later date.
24. Tax Expense/Income
Details of taxation are as follows: -
| 3 Months Ended | ||
|---|---|---|
| 31.03.2026 RM'000 | 31.03.2025 RM'000 | |
| Current taxation | - | 1 |
| Effective tax rate | - | - |
| Statutory tax rate | 24% | 24% |
| Variance | - | - |
25. Earning Per Share ("EPS")
The calculation of the earnings per share is based on the net profit/(loss) divided by the weighted average number of ordinary shares.
| 3 Months Ended | Cumulative 3 Months Ended | |||
|---|---|---|---|---|
| 31.03.2026 | 31.03.2025 | 31.03.2026 | 31.03.2025 | |
| Net profit for the period attributable to owners of the Company (RM'000) | 3,187 | 3,053 | 3,187 | 3,053 |
| Weighted average number of ordinary shares in issue ('000) | 246,213 | 246,213 | 246,213 | 246,213 |
| Basic earning per share (sen) | 1.29 | 1.24 | 1.29 | 1.24 |
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "THE COMPANY")
(Company No: 201001009003 (893631-T))
- Notes to the Condensed Consolidated Statements of Profit or Loss and Other Comprehensive Income
Profit before tax is arrived at after charging/(crediting) the following items:-
| | 3 Months Ended
31 March 2026
RM'000 |
| --- | --- |
| (a) Interest income | (7) |
| (b) Interest expenses | 228 |
| (c) Depreciation and amortisation | 1,599 |
| (d) Reversal of allowance for expected credit loss
on receivables | - |
| (e) Provision for and write off of inventories | - |
| (f) Reversal of impairment on property, plant and
equipment | - |
| (g) Foreign exchange (gain) or loss | (250) |
| (h) Gain or loss on derivatives | - |
| (i) Exceptional items | - |
| (j) - End - | |