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MIKRO MSC BERHAD Interim / Quarterly Report 2026
71080_rns_2026-05-28_d2470dca-838b-444a-814a-967391e09fa3.pdf
Interim / Quarterly Report
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Mikro®
Mikro MSC Berhad
200601018418 (738171-M)
(Incorporated in Malaysia)
Interim Financial Reports
For The Quarter Ended 31 March 2026
MIKRO MSC BERHAD
Registration No. 20061018418 (738171-M)
(Incorporated in Malaysia)
Mikro
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE QUARTER ENDED 31 MARCH 2026
| Note | CURRENT QUARTER | YEAR-TO-DATE | |||
|---|---|---|---|---|---|
| 31.03.2026 Unaudited RM'000 | 31.03.2025 Unaudited RM'000 | 31.03.2026 Unaudited RM'000 | 31.03.2025 Unaudited RM'000 | ||
| Revenue | A8 | 17,559 | N/A | 17,559 | N/A |
| Cost of sales | (12,839) | N/A | (12,839) | N/A | |
| Gross profit | 4,720 | N/A | 4,720 | N/A | |
| Other income | 640 | N/A | 640 | N/A | |
| Operating expenses | (4,586) | N/A | (4,586) | N/A | |
| Operating profit | 774 | - | 774 | - | |
| Finance cost | (72) | N/A | (72) | N/A | |
| Share of results of an associate | 3,666 | N/A | 3,666 | N/A | |
| Profit before tax | B10 | 4,368 | N/A | 4,368 | N/A |
| Tax expense | B5 | (358) | N/A | (358) | N/A |
| Profit for the financial period | 4,010 | N/A | 4,010 | N/A | |
| Other comprehensive income:-Items that may be reclassified subsequently to profit or loss | (56) | N/A | (56) | N/A | |
| Foreign currency translation | |||||
| Other comprehensive income for the financial period | (56) | N/A | (56) | N/A | |
| Total comprehensive income for the financial period | 3,954 | N/A | 3,954 | N/A | |
| Profit/(Loss) for the financial period attributable to:-Shareholders of the Company | 3,978 | N/A | 3,978 | N/A | |
| Non-controlling interests | 32 | N/A | 32 | N/A | |
| 4,010 | N/A | 4,010 | N/A | ||
| Total comprehensive income attributable to:-Shareholders of the Company | 3,922 | N/A | 3,922 | N/A | |
| Non-controlling interests | 32 | N/A | 32 | N/A | |
| 3,954 | N/A | 3,954 | N/A | ||
| Basic earnings per share ("Basic EPS") (sen) | B11 | 0.33 | N/A | 0.33 | N/A |
| Diluted earnings per share ("Diluted EPS") (sen) | B11 | 0.33 | N/A | 0.33 | N/A |
The above consolidated statement of comprehensive income should be read in conjunction with the Group's audited financial statements for the financial period ended 31 December 2025 and the accompanying explanatory notes attached to these interim financial statements.
No comparative financial information is presented for the unaudited Condensed Consolidated Statement of Profit and Loss for the first quarter ended 31 March 2026 due to the change of financial year end of the Group from 30 June 2025 to 31 December 2025.
MIKRO MSC BERHAD
Registration No. 20061018418 (738171-M)
(Incorporated in Malaysia)
Mikro
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
FOR THE QUARTER ENDED 31 MARCH 2026
| Unaudited As at 31.03.2026 RM'000 | Audited As at 31.12.2025 RM'000 | |
|---|---|---|
| ASSETS | ||
| Non Current Asset | ||
| Property, plant and equipment | 22,936 | 23,347 |
| Right-of-use assets | 6,501 | 6,860 |
| Goodwill | 47,277 | 47,277 |
| Intangible assets | 11,041 | 11,017 |
| Investment in an associate | 160,108 | 156,442 |
| Other investment | 1,560 | 1,608 |
| 249,423 | 246,551 | |
| Current Asset | ||
| Inventories | 21,090 | 21,476 |
| Trade and other receivables | 21,326 | 24,177 |
| Contract assets | 201 | 356 |
| Current tax assets | 5,376 | 6,619 |
| Cash and bank balances | 27,725 | 23,638 |
| Total current assets | 75,718 | 76,266 |
| TOTAL ASSETS | 325,141 | 322,817 |
| EQUITY AND LIABILITIES | ||
| EQUITY | ||
| Equity attributable to equity shareholders of the Company: | ||
| Share capital | 200,407 | 200,407 |
| Translation reserve | (400) | (344) |
| Retained earnings | 105,318 | 101,340 |
| 305,325 | 301,403 | |
| Non-controlling interests | 565 | 533 |
| TOTAL EQUITY | 305,890 | 301,936 |
| LIABILITIES | ||
| Non-current liabilities | ||
| Lease liabilities | 3,598 | 4,705 |
| Borrowings B7 | - | 101 |
| Deferred tax liabilities | 2,234 | 2,234 |
| Total non-current liabilities | 5,832 | 7,040 |
| Current liabilities | ||
| Trade and other payables | 10,051 | 10,388 |
| Contract liabilities | 28 | 65 |
| Borrowings | 161 | 870 |
| Lease liabilities | 2,391 | 1,863 |
| Current tax liabilities | 788 | 655 |
| Total current liabilities | 13,419 | 13,841 |
| TOTAL LIABILITIES | 19,251 | 20,881 |
| TOTAL EQUITY AND LIABILITIES | 325,141 | 322,817 |
| Net assets per share attributable to shareholders of the Company (RM) | 0.25 | 0.25 |
| Number of outstanding ordinary shares in issue | 1,208,322,400 | 1,208,322,400 |
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Audited Financial Statements for the financial period ended 31 December 2025 and the accompanying explanatory notes attached to the interim financial statements.
MIKRO MSC BERHAD 200601018418 (738171-M)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE QUARTER ENDED 31 MARCH 2026
Mikro
| Equity attributable to owners of the parent | ||||||
|---|---|---|---|---|---|---|
| Share Capital RM | Translation reserve RM | Retained Earnings RM | Total RM | Non-controlling Interest RM | Total Equity RM | |
| As at 1 January 2026 | 200,407 | (344) | 101,340 | 301,403 | 533 | 301,936 |
| Profit for the financial period | - | 3,978 | 3,978 | 32 | 4,010 | |
| Foreign currency translation differences | (56) | (56) | (56) | |||
| Total comprehensive income | (56) | 3,978 | ||||
| Balance as at 31 March 2026 | 200,407 | (400) | 105,318 | 305,325 | 565 | 305,890 |
The condensed consolidated statement of changes in equity should be read in conjunction with the Group's audited financial statements for the financial period ended 31 December 2025 and the accompanying explanatory notes attached to the interim financial statements.
No comparative financial information is presented for the unaudited Condensed Consolidated Statement of Changes in Equity for the first quarter ended 31 March 2026 due to the change of financial year end of the Group from 30 June 2025 to 31 December 2025.
MIKRO MSC BERHAD
Registration No. 20061018418 (738171-M)
(Incorporated in Malaysia)
Mikro
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE QUARTER ENDED 31 MARCH 2026
| | Current period
31.03.2026
RM'000 | Preceding period
31.03.2025
RM'000 |
| --- | --- | --- |
| CASH FLOWS FROM OPERATING ACTIVITIES | | |
| Profit before tax | 4,368 | N/A |
| Adjustments for: | | |
| Depreciation on property, plant and equipment | 530 | N/A |
| Depreciation on right-of-use assets | 420 | N/A |
| Amortisation of intangible assets | 442 | N/A |
| Fair value loss of other investment | 48 | N/A |
| Interest income | (6) | N/A |
| Interest expenses | 72 | N/A |
| Share of profit of an associate | (3,666) | N/A |
| Unrealised loss/(gain) on foreign exchange | (704) | N/A |
| Operating profit before working capital changes | 1,504 | N/A |
| Changes in working capital: | | |
| Inventories | 386 | N/A |
| Trade and other payables | (338) | N/A |
| Trade and other receivables | 3,145 | N/A |
| Contract assets | 155 | N/A |
| Contract liabilities | (37) | N/A |
| Cash generated/(used) in operations | 4,815 | N/A |
| Tax refunded | 1,921 | N/A |
| Interest received | 6 | N/A |
| Interest paid | (72) | N/A |
| Tax paid | (901) | N/A |
| Net cash from operating activities | 5,769 | N/A |
| INVESTING ACTIVITIES | | |
| Purchase of property, plant and equipment | (121) | N/A |
| Purchase of right-of-use assets | (30) | N/A |
| Additions of intangible assets | (466) | N/A |
| Net cash used in investing activities | (617) | N/A |
| FINANCING ACTIVITIES | | |
| Repayment of borrowings | (810) | N/A |
| Repayment of lease liabilities | (606) | N/A |
| Net cash used in financing activities | (1,416) | N/A |
| CASH AND CASH EQUIVALENTS | | |
| Net change in cash and cash equivalents | 3,736 | N/A |
| Effect of foreign exchange rate changes | 351 | N/A |
| Cash and cash equivalents at beginning of the financial year | 23,638 | N/A |
| Cash and cash equivalents at end of the financial period | 27,725 | N/A |
Notes:
The Condensed Consolidated Statements of Cash Flows should be read in conjunction with the audited financial statements for the financial period ended 31 December 2025 and the accompanying explanatory notes attached to the interim financial report.
No comparative financial information is presented for the unaudited Condensed Consolidated Statement of Cash Flows for the first quarter ended 31 March 2026 due to the change of financial year end of the Group from 30 June 2025 to 31 December 2025.
MIKRO MSC BERHAD
(Company no. 738171-M)
(Incorporated in Malaysia)
NOTES TO THE INTERIM FINANCIAL REPORT
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
PART A – EXPLANATORY NOTES ON COMPLIANCE WITH MALAYSIAN FINANCIAL REPORTING
A1. BASIS OF PREPARATION
The interim financial statements of the Group have been prepared in accordance with the requirements of Malaysian Financial Reporting Standard (“MFRS”) 134, Interim Financial Reporting issued by the Malaysian Accounting Standards Board (“MASB”) and paragraph 9.22 and Appendix 9B of the Listing Requirements of Bursa Malaysia Securities Berhad.
The interim financial statements should be read in conjunction with the audited financial statements of the Group for the year ended 31 December 2025.
The accounting policies and methods of computation adopted by the Group in these interim financial report are consistent with those adopted in the most recent annual audited financial statements for the year ended 31 December 2025 except for the adoption of the following new/revised MFRSs and amendments to MFRSs:
| Title | Effective Date |
|---|---|
| Amendments to MFRS 107 and MFRS7 Supplier Finance Arrangements | 1 January 2024 |
| Amendments to MFRS 16 Lease Liability in Sale and Leaseback | 1 January 2024 |
| Amendments to MFRS 101 Classification of Liabilities as Current or Non-current | 1 January 2024 |
| Amendments to MFRS 101 Non-current Liabilities with Covenants | 1 January 2024 |
| Amendments to MFRS 121 Lack of Exchangeability | 1 January 2025 |
| Amendments to MFRS 9 and MFRS 7 Amendments to the Classification and Measurement of Financial Instruments | 1 January 2026 |
| Amendments to MFRS 1 First-time Adoption of Malaysia Financial Reporting Standards | 1 January 2026 |
| MFRS 18 Presentation and Disclosure in Financial Statements | 1 January 2027 |
| MFRS 19 Subsidiaries without Public Accountability: Disclosures | 1 January 2027 |
| Amendments to MFRS 10 Consolidated Financial Statement and MFRS 128 Investment in Associates and Joint Ventures (Sale or Contribution of Assets between an Investor and its Associate or Joint Venture) | Deferred |
A2. CHANGE IN FINANCIAL YEAR END
As announced on 21 July 2025, the Group changed its financial year end from 30 June to 31 December. Due to the change, the Condensed Consolidated Statement Comprehensive Income, Condensed Consolidated Statement of Changes in Equity and Condensed Consolidated Statement of Cash Flow for the current quarter ended 31 March 2026, being the first quarter of the current financial year ending 31 December 2026, is not comparable with that of the first quarter of the previous financial period ended 31 December 2025. As such, no comparative figures are presented.
A3. SEASONAL OR CYCLICAL FACTORS
There were no significant seasonal or cyclical factors that affect the business of the Group for the quarter under review.
MIKRO MSC BERHAD
(Company no. 738171-M)
(Incorporated in Malaysia)
NOTES TO THE INTERIM FINANCIAL REPORT
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
A4. UNUSUAL ITEMS
There are no unusual items to be disclosed for the quarter ended 31 March 2026.
A5. CHANGES IN ESTIMATES
There are no changes in estimates.
A6. CHANGES IN DEBT AND EQUITY SECURITIES
There were no other issuances, cancellation, repurchases, resales and repayment of debts and equity securities during the current year quarter under review.
A7. DIVIDENDS PAID
There were no dividends paid during the quarter under review.
A8. SEGMENT INFORMATION
The segment information in respect of the Group’s operating segments for the period ended 31 March 2026 is as follows:
| | Individual Quarter
Current Year Quarter
31.03.2026
RM'000 | Cumulative Quarter
Three Months to
31.03.2026
RM'000 |
| --- | --- | --- |
| Revenue | | |
| Intelligent Electronic Devices | 12,313 | 12,313 |
| Busway | 3,734 | 3,734 |
| Advertising & Signboard | 1,512 | 1,512 |
| Total Revenue | 17,559 | 17,559 |
| Profit from Operation | 4,720 | 4,720 |
MIKRO MSC BERHAD
(Company no. 738171-M)
(Incorporated in Malaysia)
NOTES TO THE INTERIM FINANCIAL REPORT
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
A8. SEGMENT INFORMATION (continued)
The reconciliations of the total reportable segment results are as follows:
| | Individual Quarter
Current Year Quarter
31.03.2026
RM'000 | Cumulative Quarter
Three Months to
31.03.2026
RM'000 |
| --- | --- | --- |
| Profit from operations for reportable segments | 4,720 | 4,720 |
| Expenses managed on a central basis | (4,586) | (4,586) |
| Other operating income | 640 | 640 |
| Profit from operations | 774 | 774 |
| Finance cost | (72) | (72) |
| Share of results of an associate | 3,666 | 3,666 |
| Profit before taxation | 4,368 | 4,368 |
A9. MATERIAL EVENTS SUBSEQUENT TO THE END OF FINANCIAL PERIOD
There were no material events subsequent to 31 March 2026 that have not been reflected in the financial statements.
A10. CHANGES IN COMPOSITION OF THE GROUP
There were no other material changes in the composition of the Group for the current year quarter under review.
A11. CONTINGENT LIABILITIES AND CONTINGENT ASSETS
There were no material changes in contingent liabilities or contingent assets since the last financial year.
A12. CAPITAL COMMITMENTS
The Company has a capital commitment amounting to RM3,469,000 for the acquisition of new manufacturing equipment. This commitment is conditional upon the equipment being delivered and installed by the specified date. This capital commitment had been paid RM3,019,625 as of the date of this report.
MIKRO MSC BERHAD
(Company no. 738171-M)
(Incorporated in Malaysia)
NOTES TO THE INTERIM FINANCIAL REPORT
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
PART B – EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
B1. PERFORMANCE REVIEW
| | Individual Quarter
Current Year Quarter
31.03.2026
RM'000 | Cumulative Quarter
Three Months to
31.03.2026
RM'000 |
| --- | --- | --- |
| Revenue | 17,559 | 17,559 |
| Gross Profit | 4,720 | 4,720 |
| Profit before tax (“PBT”) | 4,368 | 4,368 |
| Profit after tax (“PAT”) | 4,010 | 4,010 |
The Group change in financial year end 2025 from 30 June to 31 December. As such, there are no comparatives available for current quarter (CFQ) and year in review.
For Q1 2026, the Group recorded a revenue of RM17.6 million. The top-line performance was mainly driven by the Intelligent Electronic Devices (IED), Busway, and Advertising & Signboard segments.
The Group achieved a PAT of RM4.0 million for the current quarter. This was mainly contributed by IED segment and share of profit from an associate company amounting to RM3.7 million.
B2. COMPARISON WITH IMMEDIATE PRECEDING QUARTER'S RESULTS
| | Current Year
Quarter
31.03.2026
RM'000 | Immediate
Preceding
Quarter
31.12.2025
RM'000 | Variance
(+/-)
% |
| --- | --- | --- | --- |
| Revenue | 17,559 | 21,797 | -19.4 |
| Profit before tax | 4,368 | 19,002 | -77.0 |
| Profit after tax | 4,010 | 18,766 | -78.6 |
In the current financial quarter (CFQ) ended 31 March 2026, the Group recorded revenue of RM17.6 million, representing a decline of 19.4% from RM21.8 million in the immediate preceding quarter (IPQ). This decline was mainly attributed to weaker demand within the IED and Advertising & Signboard segments.
Profit before tax (PBT) for the CFQ stood at RM4.4 million, representing a 77.0% decrease compared to RM19.0 million in the IPQ. This decline was mainly due to the absence of the one-off gain on dilution of interest in an associate of RM17.9 million in IPQ.
Consequently, the Profit after tax (PAT) for the CFQ was lower compared to the IPQ, mirroring the impact of the one-off gain highlighted above.
MIKRO MSC BERHAD
(Company no. 738171-M)
(Incorporated in Malaysia)
NOTES TO THE INTERIM FINANCIAL REPORT
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
B3. COMMENTARY ON PROSPECTS
The global economic outlook for 2026 is projected to remain moderate, with growth pacing at around 3% amid ongoing geopolitical conflicts in the Middle East. While Bank Negara Malaysia expects the domestic economy to remain resilient, forecasting a full-year GDP growth rate within the 4% to 5% range, the local outlook remains subject to external headwinds, particularly rising energy prices, foreign exchange volatility and global supply chain disruptions.
In view of these external uncertainties, the Group remains cautiously optimistic on its outlook and believes that improving customer demand, ongoing cost optimisation initiatives, and strengthened operational efficiencies will continue to support sustainable business growth. The Group remains focused on enhancing competitiveness, maintaining financial resilience, and advancing its transformation initiatives to create long-term value for stakeholders.
B4. VARIANCE OF ACTUAL PROFIT FROM FORECAST PROFIT OR PROFIT GUARANTEE
Not applicable, as the Company has not issued any profit forecast or profit guarantee.
B5. TAXATION
| | Current year quarter
31 March 2026
RM'000 | Three Months to
31 March 2026
RM'000 |
| --- | --- | --- |
| Tax expenses : | | |
| - Current provision | 358 | 358 |
| - Deferred taxation | - | - |
| | 358 | 358 |
Notes:
- The high effective tax rate for the current financial year under review is mainly due to the non-deductible expenses.
- The tax expense is derived based on management best’s estimate of the tax rate for the year.
B6. STATUS OF CORPORATE PROPOSALS ANNOUNCED
There were no corporate proposals announced but not completed as at the date of this announcement.
- 9 -
MIKRO MSC BERHAD
(Company no. 738171-M)
(Incorporated in Malaysia)
NOTES TO THE INTERIM FINANCIAL REPORT
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
B7. DETAILS OF GROUP BORROWINGS AND DEBT SECURITIES
The borrowings of the Group as at the end of this period were as follows:
| As at 31 March 2026 | Long Term
RM'000 | Short Term
RM'000 | Total borrowings
RM'000 |
| --- | --- | --- | --- |
| Secured | | | |
| Lease liabilities | 3,598 | 2,391 | 5,990 |
| Loan* | - | 161 | 161 |
*The loan of the Group is obtained from Targeted Relief and Recovery Facility (TRR) and Trust Receipt.
B8. MATERIAL LITIGATION
There were no material litigations or pending material litigations involving the Group as at the date of issue of this report.
B9. DIVIDEND PAYABLE
No dividend has been proposed in respect of the current financial period ended 31 March 2026.
B10. PROFIT BEFORE TAX
Profit before tax is arrived after (crediting)/charging:
| | Current Year
Quarter
31 March 2026
RM'000 | Year to date
31 March 2026
RM'000 |
| --- | --- | --- |
| Finance costs | 72 | 72 |
| Depreciation & amortisation | 1,392 | 1,392 |
| Fair value loss on other investment | 48 | 48 |
| Foreign exchange loss/(gain) | (471) | (471) |
| Share of profit of an associate | (3,666) | (3,666) |
| Interest income | (6) | (6) |
Other than as per disclosed above, the group does not have other material items that recognised as profit/loss in the statement of profit or loss and statement of other comprehensive income.
MIKRO MSC BERHAD
(Company no. 738171-M)
(Incorporated in Malaysia)
NOTES TO THE INTERIM FINANCIAL REPORT
FOR THE FIRST QUARTER ENDED 31 MARCH 2026
B11. EARNINGS PER SHARE
The basic earnings per share for the current financial quarter and year-to-date are calculated as follows:
| Note | Individual Period Current year quarter 31 March 2026 | Cumulative Period Current year to date 31 March 2026 | |
|---|---|---|---|
| Profit for the period attributable to owners (RM’000) | 1 | 3,978 | 3,978 |
| Weighted average number of ordinary shares in issue (‘000) | 1,208,832 | 1,208,832 | |
| Basic earnings per share (sen) | 0.33 | 0.33 |
Notes:
1) Basic EPS are computed based on profit for the period attributable to owners of the Company divided by the weighted average number of ordinary shares in issue as at 31 March 2026.
2) The Group has no dilution in its earnings per ordinary shares as the Group does not have any convertible securities as at 31 March 2026.
By order of the Board
Chin Wai Yi (MAICSA 7069783)
Company Secretaries
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