MULTI-USAGE HOLDINGS BERHAD — Interim / Quarterly Report 2026

May 24, 2026

MULTI-USAGE HOLDINGS BERHAD

Company No. 199101018622 (228933-D)

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the financial period ended 31 March 2026

(The figures have not been audited)

	INDIVIDUAL QUARTER		CUMULATIVE QUARTER
	31-03-26 RM'000	31-03-25 RM'000	31-03-26 RM'000	31-03-25 RM'000
Revenue	5,967	3,206	10,587	7,809
Cost of sales	(3,148)	(953)	(5,638)	(2,357)
Gross profit	2,819	2,253	4,949	5,452
Other income including investment income	266	395	942	1,257
Administrative and distribution expenses	(1,411)	(1,431)	(4,239)	(4,119)
Other expenses	-	-	(1)	-
Profit from operations	1,674	1,217	1,651	2,590
Finance costs	(1)	(3)	(5)	(12)
Profit before tax	1,673	1,214	1,646	2,578
Tax expense	(413)	(331)	(252)	(743)
Profit for the financial period, representing total comprehensive income for the financial period	1,260	883	1,394	1,835
Profit for the financial period attributable to:
Owners of the parent	1,260	889	1,396	1,841
Non-controlling interests	-	(6)	(2)	(6)
	1,260	883	1,394	1,835
Total comprehensive income for the financial period attributable to:
Owners of the parent	1,260	889	1,396	1,841
Non-controlling interests	-	(6)	(2)	(6)
	1,260	883	1,394	1,835
Earnings per share attributable to owners of the parent:
Basic (Sen)	2.23	1.58	2.47	3.26
Diluted (Sen)	2.23	1.58	2.47	3.26

The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Audited Financial Statements for the year ended 30 June 2025 and the accompanying explanatory notes attached to the interim financial statements.

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MULTI-USAGE HOLDINGS BERHAD

Company No. 199101018622 (228933-D)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

| | As at
31-03-26
RM'000
(Unaudited) | As at
30-06-25
RM'000
(Audited) |
| --- | --- | --- |
| ASSETS | | |
| Non-current assets | | |
| Property, plant & equipment | 686 | 845 |
| Right-of-use assets | 54 | 136 |
| Investment properties | 1,437 | 1,437 |
| Other investment | 2 | 2 |
| Goodwill | 7,400 | 7,400 |
| Inventories | 2,924 | 2,902 |
| Deferred tax assets | 1,041 | 589 |
| | 13,544 | 13,311 |
| Current assets | | |
| Inventories | 12,540 | 16,549 |
| Inventories - Property development costs | 31,896 | 17,059 |
| Trade and other receivables | 2,393 | 3,379 |
| Tax recoverable | 37 | 22 |
| Deposits, bank & cash balances | 33,942 | 41,051 |
| | 80,808 | 78,060 |
| Total assets | 94,352 | 91,371 |
| EQUITY AND LIABILITIES | | |
| Equity attributable to owners of the Company | | |
| Share capital | 73,420 | 73,420 |
| Retained earnings | 16,180 | 14,784 |
| | 89,600 | 88,204 |
| Non-controlling interests | 33 | 35 |
| Total equity | 89,633 | 88,239 |
| Non-current liability | | |
| Lease liabilities | - | 30 |
| Total non-current liability | - | 30 |
| Current liabilities | | |
| Lease liabilities | 58 | 114 |
| Trade and other payables | 4,178 | 2,447 |
| Tax payable | 483 | 541 |
| | 4,719 | 3,102 |
| Total liabilities | 4,719 | 3,132 |
| Total equity and liabilities | 94,352 | 91,371 |
| Net assets per share attributable to ordinary owners
of the Parent (RM) | 1.59 | 1.56 |

The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Audited Financial Statements for the year ended 30 June 2025 and the accompanying explanatory notes attached to the interim financial statements.

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MULTI-USAGE HOLDINGS BERHAD

Company No. 199101018622 (228933-D)

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the financial period ended 31 March 2026

(The figures have not been audited)

	Attributable to the equity holders of the Company--->
	Non-distributable	Distributable
	Share capital RM'000	Retained earnings RM'000	Total RM'000	Non-controlling interests RM'000	Total equity RM'000
As at 1 July 2025	73,420	14,784	88,204	35	88,239
Profit for the financial period, representing total comprehensive income for the financial period	-	1,396	1,396	(2)	1,394
As at 31 March 2026	73,420	16,180	89,600	33	89,633
As at 1 July 2024	73,420	12,703	86,123	41	86,164
Profit for the financial period, representing total comprehensive income for the financial period	-	1,841	1,841	(6)	1,835
As at 31 March 2025	73,420	14,544	87,964	35	87,999

The Condensed Consolidated Statements of Changes in Equity should be read in conjunction with the Audited Financial Statements for the year ended 30 June 2025 and the accompanying explanatory notes attached to the interim financial statements.

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MULTI-USAGE HOLDINGS BERHAD

Company No. 199101018622 (228933-D)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW

For the financial period ended 31 March 2026

| | Current Year
To Date
31-03-26
RM'000 | Preceding Year
To Date
31-03-25
RM'000 |
| --- | --- | --- |
| CASH FLOWS FROM OPERATING ACTIVITIES | | |
| Profit before tax | 1,646 | 2,578 |
| Adjustments for : | | |
| Depreciation of property, plant and equipment | 243 | 187 |
| Depreciation of right-of-use assets | 81 | 132 |
| Interest expense | 5 | 12 |
| Interest income | (867) | (1,078) |
| Property, plant and equipment written off | 1 | - |
| Operating profit before working capital changes | 1,109 | 1,831 |
| Changes in working capital: | | |
| - Inventories | 6,241 | 5,275 |
| - Inventories - property development costs | (17,091) | (8,638) |
| - Receivables | 858 | 2,242 |
| - Payables | 1,731 | 889 |
| Cash (used in)/generated from operations | (7,152) | 1,599 |
| Tax paid | (795) | (793) |
| Tax refunded | 17 | 4 |
| Net cash (used in)/generated from operating activities | (7,930) | 810 |
| CASH FLOWS FROM INVESTING ACTIVITIES | | |
| Interest received | 995 | 1,132 |
| Purchase of property, plant and equipment | (78) | (25) |
| Deposits pledged with license bank | - | (197) |
| Net (Withdrawal)/Placement of deposits with licensed banks | - | 637 |
| Net cash from investing activities | 917 | 1,547 |
| CASH FLOWS FROM FINANCING ACTIVITIES | | |
| Interest paid | (5) | (12) |
| Repayment of hire purchase payable | - | (29) |
| Repayment of lease liability | (84) | (79) |
| Net cash used in financing activities | (89) | (120) |
| Net (decrease)/increase in cash and cash equivalents | (7,102) | 2,237 |
| Cash and cash equivalents at the beginning of the financial period | 25,159 | 22,275 |
| Cash and cash equivalents at the end of the financial period | 18,057 | 24,512 |
| CASH & CASH EQUIVALENTS | | |
| Deposits with licensed banks | 28,125 | 39,031 |
| Bank and cash balances | 5,817 | 3,137 |
| | 33,942 | 42,168 |
| Less: Fixed deposit pledged with licensed bank | (333) | (529) |
| Less: Deposit not for short-term funding requirements | (15,552) | (17,127) |
| | 18,057 | 24,512 |

The Condensed Consolidated Cash Flow Statement should be read in conjunction with the Audited Financial Statements for the year ended 30 June 2025 and the accompanying explanatory notes attached to the interim financial statements.

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MULTI-USAGE HOLDINGS BERHAD

Company No: 199101018622 (228933-D)

Notes to the Financial Statement for the third quarter ended 31 March 2026

PART A - DISCLOSURE NOTES PURSUANT TO MFRS 134

A1. Basis of Preparation

The interim financial statements are unaudited and have been prepared in accordance with the requirements of Malaysian Financial Reporting Standards ("MFRS") 134: Interim Financial Reporting and paragraph 9.22 of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Malaysia").

The interim financial statements should be read in conjunction with the audited financial statements of the Group for the financial year ended 30 June 2025. These explanatory notes attached to the condensed financial report 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 30 June 2025.

A2. Material Accounting Policies

The accounting policies adopted are consistent with those adopted for the audited financial statements for the year ended 30 June 2024, except for the adoption of the following Amendments to MFRSs were issued by the Malaysian Accounting Standards Board ("MASB") that are applicable to the Group for the current financial year beginning 1 July 2025: -

Amendments to MFRS 121
The Effects of Changes in Foreign Exchange Rates – Lack of Exchangeability

The adoption of the above amendments to MFRSs does not have any significant impact on the financial statements of the Group.

The Group has yet to adopt the following new and amendments to MFRSs that have been issued but not yet effective:

Amendments to MFRSs effective for annual periods beginning on or after 1 January 2026

Amendments to MFRS 1
First-time Adoption of Malaysian Financial Reporting Standards

Amendments to MFRS 7
Financial Instruments: Disclosures

Amendments to MFRS 9
Financial Instruments

Amendments to MFRS 9 and MFRS 7
Classification and Measurement of Financial Instruments

Amendments to MFRS 9 and MFRS 7
Contracts Referencing Nature - dependent Electricity

Amendments to MFRS 10
Consolidated Financial Statements

Amendments to MFRS 107
Statement of Cash Flows

New MFRS effective for annual periods beginning on or after 1 January 2027

MFRS 18
Presentation and Disclosure in Financial Statements

MFRS 19
Subsidiaries without Public Accountabilities: Disclosures

Amendments to MFRSs effective for annual periods beginning on or after a date yet to be confirmed

Amendments to MFRS 10 and MFRS 128
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture

These new and amended standards are not expected to have any material impact on the financial statements of the Group upon their initial application.

A3. Qualification of Audit Report of the Preceding Annual Financial Statements

The auditors' report on the annual financial statements of the Group for the financial year ended 30 June 2025 was not subject to any qualification.

A4. Seasonal or Cyclical Factors

The business operations of the Group during the financial period under review were not materially affected by any seasonal or cyclical factors.

A5. Unusual Items Affecting Assets, Liabilities, Equity, Net Income or Cash Flows

There were no unusual items affecting assets, liabilities, equity, net income or cash flows during the financial period.

A6. Material Changes in Estimates

There were no material change in estimates of amounts reported in prior financial periods that have had a material effect in the current financial period.

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6

A7. Debt and Equity Securities

There were no issuances, cancellation, repurchases, resale and repayment of debt and equity securities for the financial period under review.

A8. Dividends Paid

There was no dividend paid during the current financial period.

A9. Segmental Reporting

Segmental information in respect of the Group's business segments is as follows:

| 9 months ended
31.03.2026 | Property
Development
RM'000 | Contracting
RM'000 | Others
RM'000 | Elimination
RM'000 | Consolidated
RM'000 |
| --- | --- | --- | --- | --- | --- |
| Revenue | | | | | |
| External revenue | 10,587 | - | - | - | 10,587 |
| Inter-segment | - | 15,274 | 11,825 | (27,099) | - |
| Total revenue | 10,587 | 15,274 | 11,825 | (27,099) | 10,587 |
| Results | | | | | |
| Segment (loss)/profit | 2,017 | 975 | 186 | (2,069) | 1,110 |
| Depreciation of property, plant and equipment | (212) | (29) | (2) | - | (243) |
| Depreciation of right-of-use assets | (81) | - | - | - | (81) |
| Finance costs | (5) | - | - | - | (5) |
| Interest income | 535 | - | 333 | - | 867 |
| Property, plant and equipment written off | - | (1) | - | - | (1) |
| Profit/(Loss) before tax | 2,254 | 945 | 516 | (2,069) | 1,646 |
| Tax (expense)/credit | (604) | (78) | - | 430 | (252) |
| Profit for the financial period | 1,649 | 867 | 516 | (1,639) | 1,394 |
| 9 months ended
31.03.2025 | Property
Development
RM'000 | Contracting
RM'000 | Others
RM'000 | Elimination
RM'000 | Consolidated
RM'000 |
| Revenue | | | | | |
| External revenue | 7,809 | - | - | - | 7,809 |
| Inter-segment revenue | - | 208 | 4,442 | (4,650) | - |
| Total revenue | 7,809 | 208 | 4,442 | (4,650) | 7,809 |
| Results | | | | | |
| Segment profit/(loss) | 2,135 | (247) | (243) | 186 | 1,831 |
| Depreciation of property, plant and equipment | (163) | (23) | (1) | - | (187) |
| Depreciation of right-of-use assets | (132) | - | - | - | (132) |
| Finance costs | (12) | - | (23) | 23 | (12) |
| Interest income | 725 | - | 376 | (23) | 1,078 |
| Profit/(Loss) before tax | 2,553 | (270) | 109 | 186 | 2,578 |
| Tax expense | (672) | - | (9) | (62) | (743) |
| Profit/(Loss) for the financial period | 1,881 | (270) | 100 | 124 | 1,835 |

A10. Material Events Subsequent to the end of the Reporting Period

There were no material events subsequent to the end of financial period up to the date of this announcement that have not been reflected in these financial statements.

A11. Changes in the Composition of the Group

There were no changes in the composition of the group during the financial period except for the following:

On 28 July 2025, Multi-Usage Cement Products (Johore) Sdn Bhd, a wholly-owned subsidiary of the Company, was successfully struck off from Suruhanjaya Syarikat Malaysia (SSM).

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A12. Contingent Liabilities

The contingent liabilities of the Group as at 31 March 2026 are as follows:-

Chong Xing Sdn. Bhd. Against Multi-Usage Engineering Sdn. Bhd. - Suit No. PA-A52C-4-12/2024 & PA-A52C-5-12/2024

Chong Xing Sdn. Bhd. ("Plaintiff") filed an action in the Georgetown Sessions Court on 20 December 2024 vide Suit No. PA-A52C-4-12/2024 and PA-A52C-5-12/2024 to claim for the retention sum of RM169,793.61 and RM165,077.94 respectively. Multi-Usage Engineering Sdn. Bhd. ("Defendant") filed a counterclaim on 6 February 2025, with a total claim amount of RM292,516.30, after setting off the Plaintiff's claimed amount in both suits.

On 2 September 2025, the Court has ordered that the said Suit No. PA-A52C-5-12/20245 to be consolidated and continued to be heard together with Suit No. PA-A52C-4-12/20245. On 25 September 2025, the sealed Consolidation Order had been filed and extracted. On 8 October 2025, a proposed amended draft "Pembelaan Dan Tuntutan Balas Terpinda" has been forwarded to the Plaintiff's solicitors. During the e-Review on 18 November 2025, the Plaintiff's solicitors proposed to the Court that the parties refer the above matter for mediation. The mediation held on 14 January 2026 was unsuccessful. The Court has fixed the case management on 3 June 2026 for the parties to update the Court on the progress of the pre-trial directions.

As the outcome of the above legal suits are not presently known, the financial impact can not be estimated or ascertained with reasonable certainty. Therefore, the Group is unable to quantify the financial impact or expected losses, should there be any.

A13. Property, plant and equipment

The valuations of property, plant and equipment and investment properties were brought forward without amendments from the previous audited financial statements.

A14. Related Party Transaction

Related parties are those defined under MFRS 124: Related Party Disclosures.

	Current Quarter 3 months ended		Cumulative Quarter 9 months ended
	31-03-26 RM'000	31-03-25 RM'000	31-03-26 RM'000	31-03-25 RM'000
Management fees received from a company in which directors of the Company and subsidiary companies, members of their family have direct interests and/or is also a director of the company	-	11	11	44
Disposal of one (1) unit of 2-Storey Shop Office to the spouse of a director and is also a director of the subsidiary company	-	-	-	1,014

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8

PART B - DISCLOSURE NOTES PURSUANT TO APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENT OF BURSA MALAYSIA SECURITIES BERHAD

B1. Review of Performance

Current Quarter vs. Corresponding Quarter of Previous Year

For the current quarter ended 31 March 2026, the Group recorded revenue of RM5.967 million and profit before tax of RM1.673 million respectively as compared to revenue of RM3.206 million and profit before tax of RM1.214 million in the previous year's corresponding quarter respectively.

	REVENUE			PROFIT/(LOSS) BEFORE TAX
SEGMENT	Q3-31/03/2026 RM'000	Q3-31/03/2025 RM'000	Changes RM'000	Q3-31/03/2026 RM'000	Q3-31/03/2025 RM'000	Changes RM'000
Property Dev.	5,967	3,206	2,761	1,752	1,327	425
Contracting	-	-	-	(113)	(125)	12
Others	-	-	-	34	12	22
Total	5,967	3,206	2,761	1,673	1,214	459

a) Property development

In the current quarter, Property Development segment revenue was RM5.967 million compared to RM3.206 million in the corresponding quarter of preceding year, representing an increase of RM2.761 million. Profit before tax of RM1.752 million as compared to profit before tax of RM1.327 million in the preceding year's corresponding quarter mainly due to higher progress billings from ongoing project.

b) Contracting

The Group's Contracting arm largely provides intercompany construction services to the Group's property development companies. Revenue from these intercompany services are eliminated at consolidation. There was no significant change in loss before tax compared to the preceding year's corresponding quarter.

	31-03-26	31-03-25	Changes (RM)
Loss before tax	(112,823)	(124,519)	11,996

c) Others

Others segment, consist of Investment holding, trading and inactive companies. The increase in profit before tax was due to lower administrative expenses in the current quarter.

	31-03-26	31-03-25	Changes (RM)
Profit before tax	34,295	11,577	22,018

Current Year vs. The Preceding Year

For the current financial period ended 31 March 2026, the Group's revenue of RM10.587 million and profit before tax of RM1.646 million respectively compared to revenue of RM7.809 million and profit before tax of RM2.578 million in the preceding financial year, representing an increase of RM2.778 million in revenue and decrease of RM0.932 million in profit before tax.

| | REVENUE
9 months ended | | | PROFIT/(LOSS) BEFORE TAX
9 months ended | | |
| --- | --- | --- | --- | --- | --- | --- |
| SEGMENT | 31-03-26
RM'000 | 31-03-25
RM'000 | Changes
RM'000 | 31-03-26
RM'000 | 31-03-25
RM'000 | Changes
RM'000 |
| Property Dev. | 10,587 | 7,809 | 2,778 | 1,786 | 2,812 | (1,026) |
| Contracting | - | - | - | (279) | (270) | (9) |
| Others | - | - | - | 139 | 36 | 103 |
| Total | 10,587 | 7,809 | 2,778 | 1,646 | 2,578 | (932) |

a) Property development

In the current financial period, the property development segment revenue was RM10.587 million compared to RM7.809 million in corresponding period in the preceding year, representing an increase of RM2.778 million. The property development segment registered a profit before tax of RM1.786 million as compared to profit before tax of RM2.812 million in the corresponding period in the preceding financial year mainly due to lower profit margin and higher administrative expenses.

b) Contracting

The Group's Contracting arm largely provides intercompany construction services to the Group's property development companies. Revenue from these intercompany services are eliminated at consolidation. There was no significant change in loss before tax compared to the preceding year's corresponding period.

	31-03-26	31-03-25	Changes (RM)
Loss before tax	(279,283)	(269,888)	(9,395)

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c) Others

Others segment recorded profit before tax of RM0.139 million in the current financial period as compared to profit before tax of RM0.036 million in the preceding year. The increase in profit before tax was due to lower administrative expenses in the current financial period compared to the preceding year.

	31-03-26	31-03-25	Changes (RM)
Profit before tax	139,304	36,154	103,150

B2. Comparison with Immediate Preceding Quarter

The Group recorded a revenue of RM5.967 million in the current quarter as compared to RMRM2.247 million recorded in the immediate preceding quarter, representing an increase of RM3.720 million.

Revenue	Current Quarter 31-03-26 RM'000	Preceding Quarter 31-12-25 RM'000	Changes RM'000
Property Development	5,967	2,247	3,720
Contracting	-	-	-
Others	-	-	-
Total	5,967	2,247	3,720

The Group's profit before tax of RM1.673 million in the current quarter is higher than loss before tax of RM0.702 million in the immediate preceding quarter primarily due to higher progress billings.

Profit/(Loss) Before Tax	31-03-26 RM'000	31-12-25 RM'000	Changes RM'000
Property Development	1,752	(538)	2,290
Contracting	(113)	(161)	48
Others	34	(3)	37
Total	1,673	(702)	2,375

B3. Prospects

The Group remains cautious as the operating environment continues to be shaped by rising construction costs and inflationary pressures. These factors are expected to contribute to higher project costs and may exert pressure on profit margins.

Looking ahead, the Group remains committed to the timely and quality execution of its two ongoing key projects within Taman Machang Bubok, with continued emphasis on construction excellence, cost discipline, and schedule compliance.

At the same time, efforts will be intensified to monetise completed inventories to enhance liquidity and enable strategic capital recycling into future development projects. The Group will also proactively evaluate land acquisition and joint venture prospects to strengthen its land bank, while identifying new business opportunities that are aligned with its strategic objectives and expected to generate sustainable value for stakeholders.

B4. Variance of Actual Profit from Forecast Profit

Not applicable.

B5. Taxation

Income Tax	Current Quarter 3 months ended		Cumulative Quarter Year-to-date ended
	31-03-26 RM'000	31-03-25 RM'000	31-03-26 RM'000	31-03-25 RM'000
	(683)	(326)	(789)	(688)
- Current	85	15	85	15
- over/(under) provision in prior year	185	(20)	452	(70)
Deferred tax	(413)	(331)	(252)	(743)
Total

The effective tax rates of the Group for the current financial period is lower than the statutory tax rate mainly due to mainly attributable to deferred tax assets recognised on deductible temporary differences.

B6. Status of Corporate Proposal

As at 31 March 2026, there were no outstanding corporate proposals.

B7. Group's Borrowings and Debt Securities

As at 31 March 2026, there were no outstanding borrowings.

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10

B8. Changes in Material Litigation

Save as disclosed in Note A12, there were no other material litigation against the Group as at the date of this report.

B9. Dividends

No interim or final dividend has been declared for the financial period ended 31 March 2026.

B10. Earnings Per Share

(i) Basic earnings per share

The calculation of basic earnings per share for the financial period is based on the profit for the financial period attributable to owners of the Company and divided by the weighted average number of ordinary shares in issue during the financial period.

	Current Quarter 3 months ended		Cumulative Quarter Year-to-date ended
	31-03-26	31-03-25	31-03-26	31-03-25
Profit for the financial period attributable to owner of the parent (RM'000)	1,260	889	1,396	1,841
Weighted average number of ordinary shares ('000)	56,419	56,419	56,419	56,419
Basic earnings per share (sen)	2.23	1.58	2.47	3.26

(ii) Diluted earnings per share

The Group has no dilution in its earnings per share for the financial period under review as there are no dilutive potential ordinary shares.

B11. Notes to the Condensed Consolidated Statement of Profit and Loss

Profit for the financial period is arrived at after charging / (Crediting):

	Current Quarter 3 months ended		Cumulative Quarter Year-to-date ended
	31-03-26 RM '000	31-03-25 RM '000	31-03-26 RM '000	31-03-25 RM '000
Depreciation of property, plant and equipment	72	62	243	187
Depreciation of right-of-use assets	27	44	81	132
Interest expenses	1	3	5	12
Interest income	(246)	(338)	(867)	(1,078)
Property, plant and equipment written off	-	-	1	-

B12. AUTHORISATION FOR ISSUE

The financial statement was authorised for issue by the Board of Directors in accordance with a resolution of the Directors.

BY ORDER OF THE BOARD

ANG KIM CHENG @ ANG TENG KOK

Executive Chairman