OCK GROUP BERHAD — Interim / Quarterly Report 2026

May 28, 2026

OCK GROUP BERHAD

Company No: 201101027780 (955915 – M)

QUARTERLY REPORT ON THE CONSOLIDATED RESULTS FOR THE THIRD QUARTER ENDED 31 MARCH 2026

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE THIRD QUARTER ENDED 31 MARCH 2026

	CURRENT QUARTER ENDED 31-Mar-26 RM'000	PRECEDING YEAR CORRESPONDING QUARTER ENDED 31-Mar-25 RM'000	CURRENT PERIOD TO DATE ENDED 31-Mar-26 RM'000	PRECEDING PERIOD TO DATE ENDED 31-Mar-25 RM'000
Revenue	174,737	N/A	499,861	N/A
Cost of sales	(123,967)	N/A	(360,361)	N/A
Gross profit	50,770	N/A	139,500	N/A
Other income	2,048	N/A	6,310	N/A
Administrative expenses	(20,231)	N/A	(58,901)	N/A
Operating profit	32,587	N/A	86,909	N/A
Finance costs	(11,799)	N/A	(31,796)	N/A
Share of results of associates	-	N/A	-	N/A
Profit before tax	20,788	N/A	55,113	N/A
Taxation	(4,877)	N/A	(13,647)	N/A
Profit for the financial period	15,911	N/A	41,466	N/A
Other comprehensive (loss)/ income, net of tax:
Item that will not be reclassified subsequently to profit or loss
Actuarial loss from employee benefits	(274)	N/A	(274)	N/A
Item that may be reclassified subsequently to profit or loss
Foreign currency translation	3,834	N/A	(26,877)	N/A
Other comprehensive income/ (loss) for the financial period	3,560	N/A	(27,151)	N/A
Total comprehensive income for the financial period	19,471	N/A	14,315	N/A

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OCK GROUP BERHAD

Company No: 201101027780 (955915 – M)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE THIRD QUARTER ENDED 31 MARCH 2026 (CONT'D)

	CURRENT QUARTER ENDED 31-Mar-26 RM'000	PRECEDING YEAR CORRESPONDING QUARTER ENDED 31-Mar-25 RM'000	CURRENT PERIOD TO DATE ENDED 31-Mar-26 RM'000	PRECEDING PERIOD TO DATE ENDED 31-Mar-25 RM'000
Profit attributable to:
Owners of the Company	11,250	N/A	27,362	N/A
Non-controlling interests	4,661	N/A	14,104	N/A
	15,911	N/A	41,466	N/A
Total comprehensive Income/(loss) attributable to:
Owners of the Company	22,408	N/A	9,915	N/A
Non-controlling interests	(2,937)	N/A	4,400	N/A
	19,471	N/A	14,315	N/A
Earnings per share (sen):
- Basic	1.08	N/A	2.60	N/A
- Diluted *	1.08	N/A	2.60	N/A

• Anti-dilutive

Note:
Due to the change of financial year end of the Group from 31 December 2024 to 30 June 2025, as announced on 29 April 2025, no comparative financial information is presented for the unaudited Condensed Consolidated Statement of Comprehensive Income for the third quarter ended 31 March 2026.

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

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026

| | UNAUDITED
AS AT
31-Mar-26
RM'000 | AUDITED
AS AT
30-Jun-25
RM'000 |
| --- | --- | --- |
| ASSETS | | |
| Non-current assets | | |
| Property, plant and equipment | 822,023 | 795,416 |
| Right-of-use assets | 142,663 | 162,837 |
| Investment properties | 19,196 | 19,196 |
| Intangible assets | 177,199 | 183,045 |
| Other investment | 105,120 | - |
| Deferred tax assets | 1,682 | 1,835 |
| Investment in associates | 538 | 540 |
| Trade and other receivables | 34,129 | 23,166 |
| | 1,302,550 | 1,186,035 |
| Current assets | | |
| Inventories | 106,281 | 117,720 |
| Trade and other receivables | 381,022 | 313,390 |
| Contract assets | 154,940 | 83,132 |
| Tax assets | 2,546 | 2,857 |
| Other investments | 25,285 | 21,528 |
| Fixed deposits placed with licensed banks | 1,573 | 9,639 |
| Cash and bank balances | 134,821 | 144,499 |
| | 806,468 | 692,765 |
| TOTAL ASSETS | 2,109,018 | 1,878,800 |
| EQUITY AND LIABILITIES | | |
| Equity attributable to owners of the Company | | |
| Share capital | 315,146 | 309,203 |
| Treasury shares | (19,954) | (8,486) |
| Foreign currency translation reserve | (72,622) | (55,388) |
| Revaluation reserve | 5,135 | 5,909 |
| Reverse acquisition reserve | (17,007) | (17,007) |
| Warrant reserve | - | 12,203 |
| Share option reserve | - | 626 |
| Other reserve | 463 | 463 |
| Retained earnings | 408,907 | 377,399 |
| | 620,068 | 624,922 |
| Non-controlling interests | 84,859 | 87,401 |
| TOTAL EQUITY | 704,927 | 712,323 |

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026 (CONT'D)

| | UNAUDITED
AS AT
31-Mar-26
RM'000 | AUDITED
AS AT
30-Jun-25
RM'000 |
| --- | --- | --- |
| Non-current liabilities | | |
| Loans and borrowings | 615,382 | 511,661 |
| Lease liabilities | 155,042 | 153,280 |
| Deferred tax liabilities | 22,468 | 21,823 |
| Deferred income | 1,280 | 1,374 |
| Provision for liabilities | 15,286 | 17,652 |
| Post employment benefit liabilities | 432 | 542 |
| | 809,890 | 706,332 |
| Current liabilities | | |
| Contract liabilities | 18,609 | 6,078 |
| Trade and other payables | 129,329 | 129,256 |
| Loans and borrowings | 412,830 | 262,785 |
| Lease liabilities | 21,344 | 46,962 |
| Tax liabilities | 12,089 | 15,064 |
| | 594,201 | 460,145 |
| TOTAL LIABILITIES | 1,404,091 | 1,166,477 |
| TOTAL EQUITY AND LIABILITIES | 2,109,018 | 1,878,800 |
| Net assets per share attributable to owners of the Company (RM) | 0.60 | 0.59 |

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

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OCK GROUP BERHAD

Company No: 201101027780 (955915 – M)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE THIRD QUARTER ENDED 31 MARCH 2026

	Attributable to owners of the Company
	Non-distributable			Distributable
	Share capital RM'000	Treasury shares RM'000	Translation/Revaluation reserve RM'000	Reverse acquisition reserve RM'000	Warrant reserve RM'000	Share option reserve RM'000	Other reserve RM'000	Retained earnings RM'000	Total RM'000	Non-controlling interests RM'000
At 1 July 2025	309,203	(8,486)	(49,479)	(17,007)	12,203	626	463	377,399	624,922	87,401
Total comprehensive income/(loss) for the financial period
Profit for the financial period	-	-	-	-	-	-	-	27,362	27,362	14,104
Actuarial loss from employee benefits	-	-	-	-	-	-	-	(213)	(213)	(61)
Foreign currency translation	-	-	(17,234)	-	-	-	-	-	(17,234)	(9,643)
Total comprehensive (loss)/income	-	-	(17,234)	-	-	-	-	27,149	9,915	4,400
Realisation of revaluation reserve	-	-	(774)	-	-	-	-	774	-	-
Transactions with owners:
Issuance of ordinary shares pursuant to:
- ESOS	5,395	-	-	-	-	(753)	-	-	4,642	-
- exercise of warrants	548	-	-	-	(133)	-	-	-	415	-
Share option issued	-	-	-	-	-	418	-	(418)	-	-
Share option lapsed	-	-	-	-	-	(291)	-	291	-	-
Warrant expired	-	-	-	-	(12,070)	-	-	12,070	-	-
Dividends paid on shares	-	-	-	-	-	-	-	(8,358)	(8,358)	(7,955)
Subscription of shares by non-controlling interests in subsidiaries	-	-	-	-	-	-	-	-	1,013	1,013
Shares repurchased	-	(11,468)	-	-	-	-	-	-	(11,468)	-
At 31 March 2026	315,146	(19,954)	(67,487)	(17,007)	-	-	463	408,907	620,068	84,859

Note:
Due to the change of financial year end of the Group from 31 December 2024 to 30 June 2025, as announced on 29 April 2025, no comparative financial information is presented for the unaudited Condensed Consolidated Statement of Changes in Equity for the third quarter ended 31 March 2026.

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

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE THIRD QUARTER ENDED 31 MARCH 2026

	CURRENT PERIOD TO DATE ENDED 31-Mar-26 RM'000	PRECEDING PERIOD TO DATE ENDED 31-Mar-25 RM'000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax	55,113	N/A
Adjustments for:
Amortisation of intangible assets	2,136	N/A
Amortisation of government grants	(94)	N/A
Depreciation of property, plant and equipment	36,243	N/A
Depreciation of right-of-use assets	33,512	N/A
Impairment losses on trade receivables	276	N/A
Income from short-term cash investments	(819)	N/A
Interest expenses	31,184	N/A
Interest income	(3,338)	N/A
Net gain on disposal of property, plant and equipment	(2)	N/A
Net unrealised loss on foreign exchange	28	N/A
Property, plant and equipment written off	441	N/A
Reversal of provision for post employment benefits	(78)	N/A
Unwinding effect on provision for site restoration	612	N/A
Operating profit before working capital changes	155,214	N/A
Changes in working capital:
Contract assets	(73,988)	N/A
Contract liabilities	12,683	N/A
Inventories	11,118	N/A
Receivables	(87,550)	N/A
Payables	700	N/A
Net cash generated from operations	18,177	N/A
Interest paid	(7,204)	N/A
Interest received	2,167	N/A
Net tax paid	(15,040)	N/A
Net cash used in operating activities	(1,900)	N/A

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OCK GROUP BERHAD

Company No: 201101027780 (955915 – M)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE THIRD QUARTER ENDED 31 MARCH 2026 (CONT'D)

	CURRENT PERIOD TO DATE ENDED 31-Mar-26 RM'000	PRECEDING PERIOD TO DATE ENDED 31-Mar-25 RM'000
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of a subsidiary, net of cash acquired	307	N/A
Net repayment to ultimate holding company	(3,025)	N/A
Change in pledged deposits	7,422	N/A
Income from short-term cash investments	819	N/A
Net increase in other investments	(108,877)	N/A
Proceeds from disposal of property, plant and equipment	271	N/A
Purchase of property, plant and equipment	(81,117)	N/A
Net cash used in investing activities	(184,200)	N/A
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid to:
- owners of the Company	(8,358)	N/A
- non-controlling interests	(7,955)	N/A
Interest paid	(23,980)	N/A
Net drawdown of borrowings	273,568	N/A
Net proceeds from issuance of shares pursuant to:
- ESOS	4,642	N/A
- exercise of warrants	415	N/A
Payments of lease liabilities	(37,298)	N/A
Repurchase of treasury shares	(11,468)	N/A
Subscription of shares by non-controlling interests in subsidiaries	1,013	N/A
Net cash from financing activities	190,579	N/A
Net change in cash and cash equivalents	4,479	N/A
Effects of exchange rate changes	(690)	N/A
Cash and cash equivalents:
At the beginning of the financial period	131,578	N/A
At the end of the financial period	135,367	N/A
Cash and cash equivalents at the end of the financial period comprise the following:
Cash and bank balances	134,821	N/A
Fixed deposits	1,573	N/A
Bank overdraft	-	N/A
	136,394	N/A
Less: Fixed deposits pledged with licensed banks	(1,027)	N/A
	135,367	N/A

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE THIRD QUARTER ENDED 31 MARCH 2026 (CONT'D)

Note:

Due to the change of financial year end of the Group from 31 December 2024 to 30 June 2025, as announced on 29 April 2025, no comparative financial information is presented for the unaudited Condensed Consolidated Statement of Cash Flows for the third quarter ended 31 March 2026.

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

8

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)

NOTES TO THE INTERIM FINANCIAL REPORT FOR THE THIRD QUARTER ENDED 31 MARCH 2026

A. NOTES PURSUANT TO MALAYSIAN FINANCIAL REPORTING STANDARDS ("MFRS")

A1. Basis of Preparation

These condensed consolidated interim financial statements ("interim financial report") have been prepared in accordance with MFRS 134: Interim Financial Reporting and paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The interim financial statements should be read in conjunction with the Audited Financial Statements for the financial period ended 30 June 2025 and the accompanying explanatory notes attached to the interim financial statements.

As announced on 29 April 2025, the financial year end of the Group has been changed from 31 December 2024 to 30 June 2025. As such, there will be no comparative financial information available for the preceding year corresponding periods.

The significant accounting policies and methods adopted for the unaudited condensed financial statements are consistent with those adopted for the Audited Financial Statements for the financial period ended 30 June 2025.

A2. Summary of Significant Accounting Policies

The accounting policies and methods of computation adopted by the Group in this interim financial report are consistent with those adopted in the most recent Audited Financial Statements for the financial period ended 30 June 2025 except for the adoption of the following amendments to MFRS, which is effective for financial year beginning on or after 1 July 2025:

Amendments to MFRS:
- MFRS 121
- The Effects of Changes in Foreign Exchange Rates

The adoption of the above amendments to MFRS did not have any significant effects on the interim report of the Group.

A3. Auditors' Report

There was no qualification on the audited financial statements of the Company and its subsidiary companies for the financial period ended 30 June 2025.

A4. Comments about Seasonal or Cyclical Factors

The Group's businesses did not experience significant fluctuations due to seasonal or cyclical factors during the financial period under review.

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OCK GROUP BERHAD

Company No: 201101027780 (955915 – M)

A5. Items of Unusual Nature and Amount

There were no unusual items affecting assets, liabilities, equity, net income or cash flows that were unusual because of their nature, size or incidence during the financial period under review.

A6. Material Changes in Estimates

During the financial period ended 31 March 2026, the Group reassessed the useful life of its tower assets (categorised under Network Facilities) under MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors. Accordingly, the useful life of its tower assets were revised from existing 25 years to 35 years, prospectively from 1 July 2025.

Other than the above, there were no changes in the estimates of amounts reported in prior financial period that had a material effect in the financial period under review.

A7. Issuances, Cancellations, Repurchase, Resale and Repayments of Debts and Equity Securities

(a) During the financial period ended 31 March 2026, a total of 12,546,000 and 987,849 new ordinary shares were issued pursuant to the exercise of the Employees' Share Option Scheme ("ESOS") and warrants, respectively. Details of the issued and paid-up capital of the Company as at 31 March 2026 are as follows:

	No. of Shares Unit'000	Amount RM'000
As at 1 July 2025	1,072,376	309,203
Ordinary shares issued pursuant to the ESOS	12,546	5,395
Ordinary shares issued pursuant to the exercise of warrants	988	548
As at 31 March 2026	1,085,910	315,146

(b) On 12 November 2025, being the maturity date of the ESOS option, 4,850,000 ESOS option remained unexercised and were lapsed.

(c) On 4 January 2026, being the maturity date of the warrants option, 89,271,565 warrants option remained unexercised and were lapsed.

(d) During the financial period ended 31 March 2026, the Company repurchased 30,909,300 ordinary shares from the open market for a total consideration of RM11.47 million, which was financed by internally generated funds.

	No. of Treasury Shares Unit'000	Amount RM'000
As at 1 July 2025	21,300	8,486
Shares repurchased	30,909	11,468
As at 31 March 2026	52,209	19,954

As at 31 March 2026, out of the total 1,085,909,650 issued and fully paid ordinary shares, as stated in (a) above, 52,209,300 ordinary shares are held as treasury shares by the Company.

10

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OCK GROUP BERHAD

Company No: 201101027780 (955915 - M)

A8. Dividends Paid

On 2 October 2025, the Company paid an interim dividend of 0.3 sen per share on the 1,051,275,801 ordinary shares in issue, amounting to RM3,153,827 in respect of the financial period ended 30 June 2025.

On 25 March 2026, the Company paid an interim dividend of 0.5 sen per share on the 1,040,809,650 ordinary shares in issue, amounting to RM5,204,048 in respect of the financial year ending 30 June 2026.

A9. Segmental Information

The segmental results of the Group for the financial period ended 31 March 2026 based on segment activities were as follows:

| Cumulative Quarter
31 March 2026 | Green | | | | | Group
RM'000 |
| --- | --- | --- | --- | --- | --- | --- |
| | TNS
RM'000 | Energy Solutions
RM'000 | Power Solutions
RM'000 | Trading
RM'000 | Investment Holding
RM'000 | |
| Revenue | | | | | | |
| External customers | 417,766 | 14,014 | 59,473 | 8,608 | - | 499,861 |
| Inter-segment revenue | 34,404 | 2,937 | - | 618 | 9,790 | (47,749) |
| Total revenue | 452,170 | 16,951 | 59,473 | 9,226 | 9,790 | (47,749) |
| Profit/(loss)
before tax | 45,638 | 1,671 | 22,391 | 3,679 | (9,646) | (8,620) |
| Taxation | (7,795) | (232) | (5,415) | (432) | (1) | 228 |
| Profit/(loss) for the
financial period | 37,843 | 1,439 | 16,976 | 3,247 | (9,647) | (8,392) |

The segmental results of the Group for the financial period ended 31 March 2026 based on geographical segment were as follows:

| Cumulative Quarter
31 March 2026 | Malaysia
RM'000 | Regional
RM'000 | Eliminations
RM'000 | Group
RM'000 |
| --- | --- | --- | --- | --- |
| Revenue | | | | |
| External customers | 312,836 | 187,025 | - | 499,861 |
| Inter-segment revenue | 19,228 | 28,521 | (47,749) | - |
| Total revenue | 332,064 | 215,546 | (47,749) | 499,861 |
| Profit before tax | 48,405 | 15,328 | (8,620) | 55,113 |
| Taxation | (11,946) | (1,929) | 228 | (13,647) |
| Profit for the financial period | 36,459 | 13,399 | (8,392) | 41,466 |

A10. Valuation of Property, Plant and Equipment

There were no changes in the valuation of property, plant and equipment during the financial period under review.

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)

A11. Capital Commitments

As at 31 March 2026, the capital commitments were as follows:

	UNAUDITED AS AT 31-Mar-26 RM'000	UNAUDITED AS AT 31-Mar-25 RM'000
In respect of capital expenditure: Property, plant and equipment
- approved and contracted for	10,847	N/A
- approved but not contracted for	30,035	N/A

A12. Material Subsequent Events

There were no material events subsequent to the end of the financial period under review till 22 May 2026, the latest practicable date which is not earlier than 7 days from the date of issue of this interim financial report, except as follows:

Listing of EI Power Berhad

On 8 September 2025, M & A Securities Sdn. Bhd. ("M&A Securities") had on behalf of the Board of Directors announced the proposed listing of the Company's 52% owned subsidiary, namely EI Power Technologies Sdn. Bhd. ("EIPT") and its subsidiaries, namely EI Power Nexus Sdn. Bhd. ("EIP Nexus") and EI Power (Thailand) Co., Ltd ("EIP Thailand"), on the ACE Market of Bursa Malaysia Securities Berhad through EI Power Berhad ("EIP"), the listing vehicle for the proposed listing.

The listing of EIP involves:

(i) Acquisition of a total of 800,000 ordinary shares in EIPT, representing the entire equity interest in EIPT, by EIP from the Company and shareholders, namely Ir. Chang Wan Siong and Siew Wei Foo ("Vendors") for a total purchase consideration of RM9.47 million to be satisfied via the issuance of 570,499,900 new ordinary shares in EIP to the Vendors at an issue price of RM0.0166 each.

The acquisition was completed on 11 March 2026.

(ii) Initial Public Offering ("IPO") of 199,500,000 ordinary shares in EIP, representing 28.5% of EIP's enlarged share capital, comprising:

i. the public issue of 129,500,000 new ordinary shares in EIP, representing 18.5% of EIP's enlarged share capital, to be issued by EIP; and
ii. the offer for sale of 70,000,000 existing shares in EIP by the Company and existing shareholders of EIP, namely Ir. Albert Chang and Siew Wei Foo, representing 10.0% of EIP's enlarged share capital.

(iii) EIP is officially listed on ACE Market and its entire enlarged share capital was successfully listed and quoted on the ACE Market on 21 May 2026.

12

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)

A13. Changes in the Composition of the Group

There were no changes in the composition of the Group during the financial period under review, except as follows:

(a) On 25 July 2025, the Company’s 60% owned subsidiary, El Power Berhad (f.k.a. El Power Sdn. Bhd.), had incorporated a 99.98% owned subsidiary, namely El Power (Thailand) Co. Ltd. (“EIP Thailand”), a company incorporated in Thailand with an issued and paid-up capital of RM32,736. The intended principal activities of EIP Thailand are engineering, procurement, construction and commissioning.

On 29 July 2025, the Company’s 52% owned subsidiary, El Power Technologies Sdn. Bhd., had acquired the remaining 0.02% equity interest in EIP Thailand for a cash consideration of RM6. Consequently, EIP Thailand became a 60% owned subsidiary of the Group.

(b) On 5 January 2026, the Company’s wholly owned subsidiary, OCK Laos Tower Pte. Ltd. (“OLT”), completed the acquisition of a 100% equity interest in Edotco Lao Company Limited (“Edotco”), a company incorporated in Laos, for a cash consideration of USD 100,000. As a result, Edotco became a wholly owned subsidiary company of the Group.

A14. Contingent Liabilities and Contingent Assets

As at 31 March 2026, the contingent liabilities were as follows:

| | UNAUDITED
AS AT
31-Mar-26
RM’000 | UNAUDITED
AS AT
31-Mar-25
RM’000 |
| --- | --- | --- |
| Financial guarantees given by OCK Group Berhad to licensed banks for facilities granted to subsidiaries | 218,104 | N/A |

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)

A15. Significant Related Party Transactions

Save as disclosed below, there were no other significant related party transactions for the quarter under review:

Nature of Transactions	CURRENT QUARTER ENDED 31-Mar-26 RM'000	PRECEEDING YEAR CORRESPONDING QUARTER ENDED 31-Mar-25 RM'000
Consultancy fee	185	N/A
Interest expense	471	N/A
Purchases	245	N/A
Sales received/receivable	(1,757)	N/A
Finance charges received/receivable	(4)	N/A
Interest income	(1)	N/A

All the above transactions were carried out on terms and conditions not materially different from those obtainable in transactions with unrelated parties and in the ordinary course of business of the Group.

14

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OCK GROUP BERHAD

Company No: 201101027780 (955915 - M)

B. ADDITIONAL INFORMATION REQUIRED BY THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

B1. Review of Performance

| Individual Quarter
31 March 2026 | Green | | | | | Eliminations
RM'000 | Group
RM'000 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | TNS
RM'000 | Energy Solutions
RM'000 | Power Solutions
RM'000 | Trading
RM'000 | Investment Holding
RM'000 | | |
| Total revenue | 155,780 | 5,795 | 20,750 | 3,762 | 3,280 | (14,630) | 174,737 |
| Profit/(loss) before tax | 24,411 | 749 | 8,234 | 2,799 | (3,468) | (11,937) | 20,788 |
| Cumulative Quarter
31 March 2026 | Green | | | | | Eliminations
RM'000 | Group
RM'000 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | TNS
RM'000 | Energy Solutions
RM'000 | Power Solutions
RM'000 | Trading
RM'000 | Investment Holding
RM'000 | | |
| Total revenue | 452,170 | 16,951 | 59,473 | 9,226 | 9,790 | (47,749) | 499,861 |
| Profit/(loss) before tax | 45,638 | 1,671 | 22,391 | 3,679 | (9,646) | (8,620) | 55,113 |

As announced on 29 April 2025, the financial year end of the Group has been changed from 31 December 2024 to 30 June 2025. As such, there will be no comparative financial information available for the preceding year corresponding periods.

B2. Material Changes in the Current Quarter's Results Compared to the Results of the Immediate Preceding Quarter

| Individual Quarter
31 March 2026 | Green | | | | | Eliminations
RM'000 | Group
RM'000 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | TNS
RM'000 | Energy Solutions
RM'000 | Power Solutions
RM'000 | Trading
RM'000 | Investment Holding
RM'000 | | |
| Total revenue | 155,780 | 5,795 | 20,750 | 3,762 | 3,280 | (14,630) | 174,737 |
| Profit/(loss) before tax | 24,411 | 749 | 8,234 | 2,799 | (3,468) | (11,937) | 20,788 |
| Individual Quarter
31 December 2025 | Green | | | | | Eliminations
RM'000 | Group
RM'000 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | TNS
RM'000 | Energy Solutions
RM'000 | Power Solutions
RM'000 | Trading
RM'000 | Investment Holding
RM'000 | | |
| Total revenue | 154,194 | 5,860 | 15,185 | 3,546 | 4,680 | (15,840) | 167,625 |
| Profit/(loss) before tax | 11,667 | 249 | 6,609 | 272 | (3,850) | 4,626 | 19,573 |

The total revenue of RM174.7 million recorded in the current quarter was higher as compared to the revenue in the preceding quarter of RM167.6 million. This was mainly due to the higher revenue contributed from the power solutions segment.

Profit before tax of RM20.8 million recorded in the current quarter was higher than preceding quarter of RM19.6 million mainly due to higher revenue recognised, as mentioned above.

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)

B3. Prospects

OCK Group Berhad is well-positioned to deliver sustainable growth, underpinned by structural tailwinds amidst Malaysia’s ongoing digitalisation initiatives and energy transition alongside the Group’s expanding regional footprint.

Strengthening Position in Digital Infrastructure and Data Centre Ecosystem

OCK continues to deepen its presence within the digital infrastructure value chain, driven by rising demand for data centres, fibre connectivity and mission-critical power solutions. As hyperscale and enterprise data centre investments accelerate across the region, the need for reliable engineering support, fiberisation and resilient power infrastructure has become increasingly critical. The Group has strengthened its capabilities through ongoing strategic collaborations, including its partnership with Fujikura Ltd to enhance fibre solutions, as well as SMARTESEL Sdn. Bhd. to support fibre deployment initiatives.

In parallel, OCK’s power solutions segment is gaining traction, supported by a growing orderbook and expanding project pipeline, particularly in regional markets such as Thailand. The recent listing of EI Power Berhad represents a significant milestone in the Group’s strategy to unlock shareholder value while maintaining operational control over the business. This initiative is expected to enhance capital efficiency and support the segment’s next phase of growth, positioning OCK to capitalise on increasing investments in data centres and digital infrastructure across Southeast Asia.

Accelerated Growth from 5G Rollout and Network Investments

The outlook for the telecommunications segment remains promising, supported by the renewed momentum from the deployment for 5G network infrastructure in Malaysia as well as the rollout for JENDELA 2. These initiatives are expected to boost large-scale network deployment activities and to drive stronger demand for site construction, fiberisation, and network optimisation services. As an appointed Network Facility Provider for Malaysia’s second 5G network, OCK is also well-positioned to capture these opportunities where the Group is working closely with U Mobile to support its target of achieving 90% population coverage, executing an expanding volume of 5G-related projects, including advanced in-building solutions targeting over 600 buildings nationwide by 2029. This reflects OCK’s growing role in delivering both outdoor and indoor network infrastructure to support nationwide 5G adoption.

Alongside the upcoming Phase 2 of JENDELA, which is expected to introduce several thousand additional sites nationwide, this is set to further enhance the Group’s medium-term demand visibility, providing a sustained pipeline of contracts across network deployment and optimisation works. In tandem, OCK continues to advance its regional infrastructure strategy by actively exploring opportunities to scale its regional tower portfolio in order to support the future expansion and strengthen its recurring income base. The Group has successfully expanded its tower footprint through the acquisition of EDOTCO’s tower operations in Laos, rollout another 30 towers with Mobile Network Operator.

16

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)

B3. Prospects (Cont'd)

Expanding Renewable Energy and Recurring Income Streams

OCK remains committed to scaling its renewable energy platform in line with Malaysia's clean energy transition. A key recent development is the Group's investment in a 116MW large-scale solar project in Sungai Petani, which provides immediate access to a portfolio of operational solar assets while offering a pipeline of future development opportunities. This enhances earnings visibility and strengthens the Group's base of recurring income.

In parallel, OCK continues to explore additional ventures under the Corporate Renewable Energy Supply Scheme (CRESS), enabling the Group to broaden its renewable energy footprint while capturing growing demand for corporate green power solutions. These initiatives are aligned with OCK's broader strategy to increase the contribution of stable, long-term income streams, while complementing its telecommunications and digital infrastructure segments.

Outlook

Overall, OCK is entering a stronger execution phase, supported by the recovery in 5G deployment, increasing investments in data centres and fibre infrastructure, and continued expansion of its renewable energy portfolio. The Group's growing exposure to recurring income streams, coupled with potential value unlocking initiatives across its infrastructure assets, is expected to enhance earnings visibility and support sustainable growth.

With its integrated capabilities across telecommunications, digital infrastructure and energy solutions, OCK is well-positioned to capitalise on long-term opportunities arising from Southeast Asia's digital transformation and energy transition.

B4. Profit Forecast

No profit forecast has been previously issued by the Group in any public document.

B5. Taxation

	CURRENT QUARTER ENDED 31-Mar-26 RM'000	PRECEDING YEAR CORRESPONDING QUARTER ENDED 31-Mar-25 RM'000	CURRENT PERIOD TO DATE ENDED 31-Mar-26 RM'000	PRECEDING PERIOD TO DATE ENDED 31-Mar-25 RM'000
Current tax	5,162	N/A	12,907	N/A
Deferred tax	(285)	N/A	740	N/A
Total taxation	4,877	N/A	13,647	N/A

The Group's effective tax rate for the current quarter under review is higher than the statutory tax rate of 24%.

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OCK GROUP BERHAD

Company No: 201101027780 (955915 – M)

B6. Status of Corporate Proposals

There were no corporate proposals previously announced by the Company that remained uncompleted as at 22 May 2026, the latest practicable date which is not earlier than 7 days from the date of issue of this interim financial report.

B7. Group Borrowings and Debt Securities

The Group’s borrowings as at 31 March 2026 are as follows:

| | Secured
RM'000 | Unsecured
RM'000 | Total
RM'000 |
| --- | --- | --- | --- |
| Long term borrowings | | | |
| Term loans | 64,681 | - | 64,681 |
| Medium-term notes | 550,000 | - | 550,000 |
| Hire purchase payables | 701 | - | 701 |
| | 615,382 | - | 615,382 |
| Short term borrowings | | | |
| Bankers’ acceptance | 22,364 | - | 22,364 |
| Revolving credit | 92,503 | - | 92,503 |
| Revolving project loan | 31,829 | - | 31,829 |
| Project financing | 52,981 | - | 52,981 |
| Term loans | 11,811 | - | 11,811 |
| Hire purchase payables | 1,342 | - | 1,342 |
| Islamic commercial paper | 200,000 | - | 200,000 |
| | 412,830 | - | 412,830 |
| Total | 1,028,212 | - | 1,028,212 |

The currency profile of the Group’s borrowings is as follows:

| | Total
RM'000 |
| --- | --- |
| Long term borrowings | |
| Vietnamese Dong | 36,714 |
| Ringgit Malaysia | 578,668 |
| Total | 615,382 |
| Short term borrowings | |
| United State Dollar | 31,829 |
| Vietnamese Dong | 3,405 |
| Indonesia Rupiah | 19,808 |
| Ringgit Malaysia | 357,788 |
| Total | 412,830 |
| Total | 1,028,212 |

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OCK GROUP BERHAD
Company No: 201101027780 (955915 – M)

B8. Material Litigation

As at the date of this report, the Group was not engaged in any material litigation.

B9. Earnings Per Share

The basic and diluted earnings per share are calculated based on the Group’s profit attributable to owners of the Company divided by the weighted average number of ordinary shares as follows:

	CURRENT QUARTER ENDED 31-Mar-26	PRECEDING YEAR CORRESPONDING QUARTER ENDED 31-Mar-25	CURRENT PERIOD TO DATE ENDED 31-Mar-26	PRECEDING PERIOD TO DATE ENDED 31-Mar-25
Profit attributable to owners of the Company (RM’000)	11,250	N/A	27,362	N/A
Weighted average number of ordinary shares (’000)	1,048,851	N/A	1,052,829	N/A
Earnings per share (sen):
- Basic ^	1.08	N/A	2.60	N/A
- Diluted * #	1.08	N/A	2.60	N/A

Notes:

^ Basic earnings per share is based on the profit attributable to owners of the Company and weighted average number of ordinary shares outstanding during the financial period under review.

• Diluted earnings per share is based on the profit attributable to owners of the Company and the weighted average number of ordinary shares outstanding during the financial period under review plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares, if any.

Anti-dilutive, as there is no outstanding instrument with potentially dilutive effect on the earnings.

The ESOS and Warrant options expired on 12 November 2025 and 4 January 2026, respectively, and unexercised options were then lapsed.

19

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OCK GROUP BERHAD

Company No: 201101027780 (955915 – M)

B10. Profit for the Financial Period

	CURRENT QUARTER ENDED 31-Mar-26 RM'000	PRECEDING YEAR CORRESPONDING QUARTER ENDED 31-Mar-25 RM'000	CURRENT PERIOD TO DATE ENDED 31-Mar-26 RM'000	PRECEDING PERIOD TO DATE ENDED 31-Mar-25 RM'000
Profit before tax is arrived at after charging/(crediting):
- Depreciation and amortisation	21,760	N/A	71,797	N/A
- Interest expenses	11,799	N/A	31,796	N/A
- Interest income	(1,353)	N/A	(4,157)	N/A
- Impairment loss on trade receivables	66	N/A	276	N/A
- Net loss/(gain) on disposal of property, plant and equipment	66	N/A	(2)	N/A
- Net gain on foreign exchange	(1,127)	N/A	(170)	N/A
- Other income	(448)	N/A	(1,366)	N/A
- Property, plant and equipment written off	215	N/A	441	N/A

B11. Declared Dividend

(a) No dividend is declared for the current quarter ended 31 March 2026.

(b) The total dividend paid/payable for the current financial year ending 30 June 2026 amounted to 0.5 sen per ordinary share, comprising an interim dividend of 0.5 sen per ordinary share.

By Order of the Board

Wong Youn Kim (MAICSA 7018778)

Company Secretary

Kuala Lumpur

Date: 29 May 2026