PERAK TRANSIT BERHAD — Earnings Release 2026

May 19, 2026

Press Release – For Immediate Distribution

Perak Transit

PRESS RELEASE

PERAK TRANSIT BERHAD DECLARES DIVIDEND AND EXPANDS INTO NEW GROWTH FRONTIER AMID STEADY CORE PERFORMANCE

Ipoh, Wednesday, 20 May 2026 – Perak Transit Berhad ("PTRANS" or "the Group") today announced its financial results for the first quarter ended 31 March 2026 (1Q FY2026).

The Group recorded a profit after tax (PAT) of RM15.6 million and profit before tax (PBT) of RM20.5 million on revenue of RM46.4 million for the quarter. PTRANS continued to deliver resilient earnings supported by stable contributions from its core transit operations, reinforcing the Group's strong operational fundamentals and recurring income base.

In recognition of its solid financial position, PTRANS has declared a second interim dividend of 0.125 sen per share for the financial year ending 31 December 2026, payable on 19 August 2026. The Group remains committed to a disciplined capital management strategy while supporting strategic growth initiatives and its ongoing share buy-back programme, reflecting management's confidence in the Group's intrinsic value and long-term prospects.

Outlook

Under the leadership of Deputy Executive Director, Jeffrey Cheong, PTRANS is entering its next phase of strategic development, aligned with evolving market trends towards asset-light business models and sustainable, capital-efficient expansion.

PTRANS is strategically expanding into a complementary business segment encompassing wholesale, trading, retail and e-commerce of fast-moving consumer goods (FMCG). This initiative is designed to diversify earnings sources, strengthen recurring income, and enhance long-term business resilience while maintaining capital efficiency.

The strategy also leverages the Group's existing terminal infrastructure and customer ecosystem by transforming selected assets into multi-segment commercial hubs, creating additional monetisation opportunities and unlocking greater value from existing investments.

Central to this vision is the transformation of Perak Transit's terminals into dynamic "live commerce and lifestyle hubs", reimagining these locations beyond their traditional transit function into vibrant destinations that integrate transportation connectivity, retail commerce, digital engagement and modern community-centric experiences.

---

Press Release – For Immediate Distribution

This strategic repositioning is expected to enhance footfall, broaden commercial activities, increase recurring income opportunities and strengthen long-term shareholder value.

With a clear strategic roadmap, established infrastructure assets and a disciplined growth strategy, PTRANS remains well-positioned to capitalise on emerging opportunities, enhance shareholder returns and deliver sustainable value creation in the years ahead.

End of press release

ABOUT PERAK TRANSIT BERHAD

Perak Transit Berhad is an integrated mobility and infrastructure solutions provider principally involved in the development, ownership, operation and management of Integrated Public Transportation Terminals (IPTTs) in Malaysia. The Group also operates public bus services, petrol stations and terminal management services. PTRANS is focused on strengthening its recurring income base through the expansion of its asset-light terminal management business. The Group is also transforming its terminals into integrated live commerce and lifestyle hubs, leveraging its existing infrastructure and customer ecosystem to create additional monetisation opportunities and long-term value. Complementing these initiatives, PTRANS is expanding into the wholesale, trading, retail and e-commerce of fast-moving consumer goods (FMCG) to diversify its earnings base, strengthen recurring income streams and enhance long-term business resilience. With a clear strategic roadmap and commitment to innovation, PTRANS remains focused on delivering sustainable growth and long-term shareholder value.

Issued by: Perak Transit Berhad
Date: Wednesday, 20th May 2026

PerakTransit

Perak Transit Berhad
E-6-2A, SOHO Ipoh 2,
Jalan Sultan Idris Shah,
31400 Ipoh,
Perak, Malaysia

Email: enquiry@peraktransit.com.my
Website: https://peraktransit.com.my/