PUC BERHAD — Interim / Quarterly Report 2026

May 21, 2026

PUC

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE QUARTER ENDED 31 MARCH 2026

	INDIVIDUAL QUARTER			CUMULATIVE QUARTER
	CURRENT YEAR QUARTER 3 MONTHS 31/3/2026 RM '000	PRECEDING PERIOD QUARTER 3 MONTHS 31/3/2025 RM '000	CHANGES %	CURRENT YEAR TO DATE 3 MONTHS 31/3/2026 RM '000	PRECEDING PERIOD TO DATE 3 MONTHS 31/3/2025 RM '000	CHANGES %
Continuing Operations:
Revenue	6,585	17,011	-61.3%	6,585	N/A	0%
Cost of sales	(1,919)	(13,176)	85%	(1,919)	N/A	0%
Gross profit	4,666	3,835	22%	4,666	N/A	0%
Other income/(expenses)	(12)	2,564	-100%	(12)	N/A	0%
Administrative and general expenses	(6,069)	(6,087)	0%	(6,069)	N/A	0%
Operating profit/(loss)	(1,415)	312	-554%	(1,415)	N/A	0%
Finance costs	(508)	(38)	-1237%	(508)	N/A	0%
Share of results of associated & joint venture companies	-	(183)	100%	-	N/A	0%
Profit/(Loss) before taxation	(1,923)	91	-2213%	(1,923)	N/A	0%
Taxation	(1)	(70)	99%	(1)	N/A	0%
Profit/(Loss) for the year	(1,924)	21	-9262%	(1,924)	N/A	0%
Other comprehensive income:
Exchange differences on translation of foreign operations	(732)	(195)	-275%	(732)	N/A	0%
Total comprehensive income	(2,656)	(174)	-1426%	(2,656)	N/A	0%
PROFIT/(LOSS) ATTRIBUTABLE TO:
Owners of the parent	(1,924)	107	-1898%	(1,924)	N/A	0%
Non-controlling interests		(86)	100%	-	N/A	0%
	(1,924)	21	-9262%	(1,924)	N/A	0%
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:
Owners of the parent	(2,656)	(88)	-2918%	(2,656)	N/A	0%
Non-controlling interests		(86)	100%	-	N/A	0%
	(2,656)	(174)	-1426%	(2,656)	N/A	0%
Weighted average number of ordinary shares in issue ('000)	3,048,011	2,721,193		3,048,011	N/A
Earnings per share (sen):
(a) Basic	(0.06)	0.00		(0.06)	N/A
(b) Fully diluted	(0.06)	0.00		(0.06)	N/A

As announced on 30 May 2025, the financial year end was changed from 30 June to 31 December. As such, there are no comparative figures for the preceding year. Comparative figures for the comparative quarter ended are disclosed for reference purposes only.

N/A represents not applicable.

The Unaudited Condensed Consolidated Statement of Comprehensive Income 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.

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code: 0007

Company No.199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel: +603-7651 0188

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PUC

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

| | (UNAUDITED)
AS AT 31/3/2026
RM '000 | (AUDITED)
AS AT 31/12/2025
RM '000 |
| --- | --- | --- |
| ASSETS | | |
| NON-CURRENT ASSETS | | |
| Property, plant and equipment | 4,545 | 4,318 |
| Software development expenditure | 37,551 | 38,251 |
| Other investments | 30,728 | 30,728 |
| | 72,824 | 73,297 |
| CURRENT ASSETS | | |
| Inventories | 564 | 509 |
| Other investments | 3 | 3 |
| Trade receivables | 12,114 | 12,615 |
| Other receivables, deposits and prepayments | 49,044 | 47,765 |
| Tax recoverable | | 191 |
| Fixed deposits with licensed banks | | |
| Cash and bank balances | 1,788 | 910 |
| | 63,513 | 61,993 |
| Assets held for sale | 17,343 | 17,343 |
| | 80,856 | 79,336 |
| TOTAL ASSETS | 153,680 | 152,633 |

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code : 0007

Company No. 199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel : +603-7651 0188

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PUC

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

	(UNAUDITED)AS AT 31/3/2026RM '000	(AUDITED)AS AT 31/12/2025RM '000
EQUITY AND LIABILITIES
Share capital	467,512	467,512
Foreign currency translation reserve	(593)	139
Reverse acquisition debit	(36,809)	(36,809)
Warrant reserves		-
ESOS/ESGS reserves		-
Other reserves	1,869	1,869
Fair Value reserve	18,214	17,518
Retained earnings	(333,139)	(331,215)
EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT	117,054	119,014
Non-controlling interests	(81)	(88)
TOTAL EQUITY	116,973	118,926
NON-CURRENT LIABILITIES
Lease Liabilities	-	-
Redeemable Preference Share		-
Borrowings	4,440	2,440
	4,440	2,440
CURRENT LIABILITIES
Trade payables	3,407	450
Other payables and accrued expenses	8,644	13,955
Redeemable Preference Shares		-
Amount due to directors	1,007	1,990
Borrowings	19,089	14,842
Tax payable	120	30
Bank overdraft		-
TOTAL CURRENT LIABILITIES	32,267	31,267
TOTAL LIABILITIES	36,707	33,707
	153,680	152,633
Net assets per share attributable to owners of the parent (sen)	3.84	3.90

Please refer to Note A1 Basis of preparation of the financial statements.

The Unaudited 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.

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code: 0007

Company No.199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel: +603-7651 0188

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PUC

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED 31 MARCH 2026

| | Share Capital
RM '000 | Foreign Currency Translation Reserves
RM '000 | Reverse Acquisition Debit
RM '000 | Fair Value Reserves
RM '000 | Other Reserves
RM '000 | Warrant Reserves
RM '000 | Retained Earnings
RM '000 | Total
RM '000 | Non-controlling Interest
RM '000 | Total Equity
RM '000 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Balance as at 1 Jan 2026 | 467,512 | 139 | (36,809) | 17,518 | 1,869 | - | (331,215) | 119,014 | (88) | 118,926 |
| Issuance of ordinary shares | | | | | | | | | | |
| - Private placement | - | - | - | - | - | - | - | - | - | - |
| - Exercise of ESGS | - | - | - | 0 | - | - | - | 0 | - | 0 |
| | - | - | - | 0 | - | - | - | 0 | - | 0 |
| Profit / (Loss) for the period | - | - | - | - | - | - | (1,924) | (1,924) | - | (1,924) |
| - Exchange translation differences for foreign operations | - | (732) | - | 696 | - | - | - | (36) | 7 | (29) |
| Total comprehensive income for the year | - | (732) | - | 696 | - | - | (1,924) | (1,960) | 7 | (1,953) |
| Balance as at 31 March 2026 | 467,512 | (593) | (36,809) | 18,214 | 1,869 | - | (333,139) | 117,054 | (81) | 116,973 |

Page | 4

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PUC

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED 31 DECEMBER 2025

| | Share Capital
RM '000 | Foreign Currency Translation Reserve
RM '000 | Reverse Acquisition Debit
RM '000 | Fair Value Reserves
RM '000 | Other Reserves
RM '000 | Warrant Reserves
RM '000 | Retained Earnings
RM '000 | Total
RM '000 | Non-controlling Interest
RM '000 | Total Equity
RM '000 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Balance as at 1 July 2024 | 444,213 | (1,383) | (36,809) | (334) | (14,846) | 16,715 | (279,347) | 128,209 | (3) | 128,206 |
| Issuance of ordinary shares | | | | | | | | | | |
| - Private placement | 12,560 | - | - | - | - | - | - | 12,560 | - | 12,560 |
| - Exercise of ESOS/ESGS | 10,739 | - | - | - | - | - | - | 10,739 | - | 10,739 |
| Expiration of warrants | | | | | 16,715 | (16,715) | | | | |
| | 23,299 | - | - | - | 16,715 | (16,715) | - | 23,299 | - | 23,299 |
| Profit/ (Loss) for the period | - | - | - | - | - | - | (51,534) | (51,534) | (85) | (51,619) |
| Other comprehensive income | - | 1,522 | - | 17,852 | - | - | (334) | 19,040 | | 19,040 |
| Total comprehensive income for the year | - | 1,522 | - | 17,852 | - | - | (51,868) | (32,494) | (85) | (32,579) |
| Balance as at 30 June 2024 | 467,512 | 139 | (36,809) | 17,518 | 1,869 | - | (331,215) | 119,014 | (88) | 118,926 |

The Unaudited Condensed Consolidated Statement of Changes in Equity 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 statement.

Page | 5

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PUC

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE QUARTER ENDED 31 MARCH 2026

| | 3 MONTHS
(Unaudited)
31/3/2026
RM '000 | 18 MONTHS ENDED
(Audited)
31/12/2025
RM '000 |
| --- | --- | --- |
| CASH FLOWS FROM OPERATING ACTIVITIES | | |
| Profit/ (Loss) before taxation | (1,923) | (51,550) |
| Adjustments for: | | |
| Amortisation of software development expenditure | 1,788 | 11,701 |
| Dividend income | | |
| Depreciation of property, plant and equipment | 31 | 1,163 |
| Expected credit loss | | |
| Share-based payment expenses | - | 3,737 |
| Fair value adjustments on other receivables | - | |
| Interest expense | 508 | |
| Loss on disposal of other investment | - | 10,666 |
| Impairment on Software development expenditure | - | 22,700 |
| Intangible assets written off | - | 80 |
| Other receivables written off | - | 6,611 |
| Gain on disposal of associate | - | (17,036) |
| Gain on disposal of JV | - | (89) |
| Gain on disposal of Property, plant & equipment | - | - |
| Impairment losses on: | | |
| - trade receivables | - | 2,966 |
| - other receivables | - | 12,040 |
| Share of results of associated & joint venture companies | - | 2,386 |
| Reversal of Impairment losses on: | | |
| - trade receivables | - | (11,588) |
| - other receivables | - | (1,287) |
| Unrealised (gain)/loss on foreign exchange | 66 | 1,113 |
| Operating profit / (loss) before working capital changes | 470 | (6,387) |
| Changes in working capital: | | |
| Net change in current assets | (1,520) | (46,388) |
| Net change in current liabilities | 2,171 | 2,050 |
| Cash used in operations | 1,121 | (50,725) |
| Interest received | - | (65) |
| Tax refund | - | |
| Tax paid | - | (52) |
| Net cash used in operating activities | 1,121 | (50,842) |

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code : 0007

Company No.199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel: +603-7651 0188

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PUC

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE QUARTER ENDED 31 MARCH 2026 (Continued)

| | 3 MONTHS
(Unaudited)
31/3/2026
RM '000 | 18 MONTHS ENDED
(Audited)
31/12/2025
RM '000 |
| --- | --- | --- |
| CASH FLOWS FROM INVESTING ACTIVITIES | | |
| Interest received | - | 65 |
| Purchase of property, plant and equipment | - | (28) |
| Purchase of software development expenditure | (5,000) | (7,829) |
| Disposal of Property, plant and equipment | - | |
| Disposals of Associates | - | 30,000 |
| Disposals of other investments | - | 1,000 |
| Disposals of Joint Venture | - | 400 |
| Investment in Subsidiary companies | | |
| Decrease/(Increase) in fixed deposits pledged | - | 791 |
| Net cash inflows on disposal of other investment | | |
| Net cash used in investing activities | (5,000) | 24,399 |
| CASH FLOWS FROM FINANCING ACTIVITIES | | |
| Interest paid | (508) | (948) |
| (Repayment to)/Advance from directors | (983) | (1,530) |
| Proceeds from private placement of shares | - | 12,560 |
| Proceeds from conversion of ICULS to shares | - | |
| ESGS exercise | - | 7,003 |
| Loan from Third Party | 6,247 | |
| Proceeds from placement of Redeemable Preference Shares | - | 10,693 |
| Repayment of term loan | - | (1,027) |
| Net cash from financing activities | 4,756 | 26,751 |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | 877 | 308 |
| Effects of exchange rate changes | - | - |
| CASH AND CASH EQUIVALENT AT BEGINNING OF PERIOD | 851 | 543 |
| CASH AND CASH EQUIVALENT AT END OF PERIOD | 1,729 | 851 |
| Cash and cash equivalents at end of the financial period comprise: | | |
| Cash and bank balances | 1,788 | 910 |
| Less: Fixed deposits pledged with licensed banks | - | |
| Less: Monies held in trust | (59) | (59) |
| | 1,729 | 851 |

Please refer to Note A1 Basis of preparation of the financial statements.

The Unaudited Condensed Consolidated Statement 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 statements.

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code: 0007

Company No.199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel: +603-7651 0188

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PUC

UNAUDITED INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 MARCH 2026

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

A EXPLANATORY NOTES

A1 Basis of preparation of the financial statements

The interim financial statements are unaudited and have been prepared in accordance with the Malaysian Financial Reporting Standards ("MFRS") 134 – Interim Financial Reporting issued by the Malaysian Accounting Standards Board and Chapter 9, Part K Rule 9.22 and Appendix 9B of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities").

The interim financial statements should be read in conjunction with the audited financial statements of PUC Berhad ("PUC") and its subsidiaries ("Group") for the financial period ended 31 December 2025 and the accompanying explanatory notes attached to this interim financial report.

A2 Changes in accounting policy

The accounting policies and methods of computation adopted by the Group in these unaudited condensed financial statements are consistent with those of the annual audited financial statements for the financial period ended 31 December 2025.

The adoption of the following MFRS that came into effect on 1 January 2026 did not have any significant impact of the unaudited condensed consolidated financial statements upon their initial application.

Amendments to References to the Conceptual Framework in MFRS Standards

Amendments to MFRS 1, MFRS 7, MFRS 9, MFRS 10 and MFRS 107
- Annual Improvements to MFRS Accounting Standards-Volume 11

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

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

A3 Audit report of preceding annual financial statements

The auditors' report on the annual financial statements of the Group for the financial period ended 31 December 2025 was qualified and the details of the qualification are as described below:

Details of the qualified opinion disclosed in the external auditors' report

In our opinion, except for the effects of the matters described in the Basis of Qualified Opinion section of our report, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 31 December 2025, and of their financial performance and cash flows for the financial period from 1 July 2024 to 31 December 2025 in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia.

PUC BERHAD | WWW.PUC.COM
Bursa Malaysia Stock Code: 0007
Company No. 199701036234(451734-A)
C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,
Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia
Tel: +603-7651 0188

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PUC

Basis for Qualified Opinion

The Group's investment in Pictureworks International Holdings Limited ("PWIH") was accounted for as an associate using the equity method up to the date when the Group lost significant influence over PWIH during the financial period. Following the loss of significant influence, the remaining interest was reclassified and measured as a financial asset at fair value through other comprehensive income ("FVOCI") in accordance with MFRS 9, as disclosed in Note 11 to the financial statements.

For the period during which PWIH was accounted for as an associate, the Group recognised its share of results of PWIH in the consolidated statement of profit or loss and other comprehensive income.

However, we were unable to obtain sufficient appropriate audit evidence in respect of the Group's share of results of PWIH recognised in the current financial period of RM2,417,506, and the corresponding comparative period of RM3,391,707, as disclosed in Note 8 to the financial statements as we were unable to obtain access to the relevant financial information of PWIH and did not receive the necessary information from the component auditors within the audit timeframe.

Consequently, we were unable to determine whether any adjustments might have been necessary to the Group's share of results of associates recognised in profit or loss, and the related disclosures in the financial statements.

A4 Seasonal or cyclical factors

The business operations of the Group were not significantly affected by seasonal or cyclical factors during the financial quarter under review.

A5 Unusual items affecting assets, liabilities, equity, net income or cash flows

There were no unusual items affecting the assets, liabilities, equity, net income or cash flows of the Group for the current financial quarter and financial period-to-date under review.

A6 Material changes in estimates

Not applicable as there were no estimates reported by the Group in the prior financial years.

A7 Debt and equity securities

There were no issuances, cancellations, repurchases, resale or repayments of debt and equity securities during the current quarter under review.

A8 Dividends

There were no dividends declared or paid in the current financial quarter under review.

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code: 0007

Company No. 199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel: +603-7651 0188

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PUC

A9 Segmental information

The Group's segmental revenue and profit after taxation for the financial period under review is as follows:

| | CURRENT YEAR
QUARTER
3 MONTHS
3 MONTHS
RM '000 | PRECEDING
PERIOD QUARTER
3 MONTHS
3 MONTHS
RM '000 | CURRENT YEAR
TO DATE
3 MONTHS
3 MONTHS
RM '000 | PRECEDING
PERIOD TO DATE
3 MONTHS
3 MONTHS
RM '000 |
| --- | --- | --- | --- | --- |
| Continuing Operations: | | | | |
| Revenue: | | | | |
| OmniChannel | 4,048 | 450 | 4,048 | N/A |
| Presto | 2,092 | 16,561 | 2,092 | N/A |
| Corporate and others | 445 | - | 445 | N/A |
| | 6,585 | 17,011 | 6,585 | - |
| (Loss)/Profit after taxation: | | | | |
| OmniChannel | 3,878 | (664) | 3,878 | N/A |
| Presto | (4,344) | 3,366 | (4,344) | N/A |
| Corporate and others | (1,458) | (2,499) | (1,458) | N/A |
| | (1,924) | 203 | (1,924) | - |
| Share of results of associated & joint venture companies: | | | | |
| OmniChannel | - | (183) | - | N/A |
| Presto | - | - | - | N/A |
| | (1,924) | 20 | (1,924) | - |

A10 Valuation of property, plant and equipment

The Group has not carried out a valuation on its property, plant and equipment reported in the current financial quarter under review.

A11 Capital commitments

The Group does not have any material capital commitments in respect of property, plant and equipment as at the end of the current financial quarter under review.

A12 Material events subsequent to the end of the quarter

The Group has no material events subsequent to the financial quarter under review up to the date of this report which are likely to substantially affect the results of the operations of the Group.

A13 Changes in the composition of the Group

There were no changes in the composition of the Group during the current quarter under review and up to the date of this announcement.

A14 Contingent liabilities and contingent assets

There were no contingent liabilities or contingent assets for the current financial quarter under review.

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code: 0007

Company No.199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel: +603-7651 0188

---

PUC

A15 Significant related party transactions

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

| CURRENT PERIOD
1st DATE
3 MONTHS
2nd DATE
RM '000 | PRECEDING
PERIOD 1st DATE
3 MONTHS
2nd DATE
RM '000 |
| --- | --- |
| 11 | N/A |
| 1,800 | N/A |
| 368 | N/A |

Rental of premises received/receivable

Loan given

Rendering of services paid/payable

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code : 0007

Company No. 199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel: +603-7651 0188

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PUC

B ADDITIONAL INFORMATION REQUIRED PURSUANT TO THE ACE MARKET LISTING REQUIREMENTS OF BURSA SECURITIES

B1 Review of performance

The Group has streamlined its businesses into 2 major segments, namely OmniChannel and Presto:

(i) OmniChannel comprises the Group's media, advertising and digital imaging business; and
(ii) Presto covers the Group's digital ecosystem platform businesses which consists of e-commerce, fintech, online aggregation service and online content creation businesses.

For the current quarter ended 31 March 2026 ("Q1 FY2026"), the Group recorded revenue of RM6.59 million as compared to RM17.01 million in the corresponding quarter ended 31 March 2025 ("Q1 FY2025"), representing a decrease of RM10.43 million or 61%. The decrease in revenue was mainly attributable to lower contribution from the Presto segment during the current quarter under review.

The Group recorded a loss after taxation ("LAT") of RM1.92 million in Q1 FY2026 as compared to a profit after taxation ("PAT") of RM0.20 million in Q1 FY2025. The loss incurred during the current quarter was mainly due to lower revenue which resulted in lower gross profit generated to cover the Group's operating expenses.

The improvement was primarily driven by:

OmniChannel

The OmniChannel segment recorded revenue of RM4.05 million in Q1 FY2026 as compared to RM0.45 million in Q1 FY2025, representing an increase of RM3.60 million or 800%.

The segment recorded a PAT of RM3.88 million as compared to a LAT of RM0.66 million in the corresponding quarter last year. The improvement was mainly attributable to new business secured for media advertisement and promoting services during the current quarter.

Presto

The Presto segment recorded revenue of RM2.09 million in Q1 FY2026 as compared to RM16.56 million in Q1 FY2025, representing a decrease of RM14.47 million or 87%.

The segment recorded a LAT of RM4.34 million as compared to a PAT of RM3.37 million in Q1 FY2025. The decline was mainly due to lower sales contribution and weaker operating performance during the current quarter.

Corporate and Others

The Corporate and Others segment recorded revenue of RM0.45 million in Q1 FY2026 with a LAT of RM1.46 million. The loss was mainly attributable to administrative and corporate expenses incurred.

Overall, the Group's performance for the current quarter was affected by the weaker contribution from the Presto segment. Nevertheless, the Group continued to record positive contribution from the OmniChannel segment following the securing of new business opportunities for media advertisement and promoting services.

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code: 0007

Company No.199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel: +603-7651 0188

---

PUC

B2 Variation of results against preceding quarter

	CURRENT QUARTER 31/12/2020 RM '000	PRECEDING QUARTER 31/12/2020 RM '000	VARIANCE
			RM '000	%
Revenue	6,585	6,483	102	2%
Profit/(Loss) before taxation	(1,923)	(34,045)	32,122	-94%

The Group recorded revenue of RM6.59 million for the current quarter ended 31 March 2026 ("Q1 FY2026"), representing an increase of RM0.10 million or 2% as compared to RM6.48 million recorded in the preceding quarter ended 31 December 2025 ("Q4 FY2025"). The increase in revenue was mainly attributable to higher sales contribution from the Group's core business operations during the current quarter.

The Group recorded a loss before tax of RM1.92 million in Q1 FY2026 as compared to loss before tax of RM34.05 million in Q4 FY2025, representing an improvement of RM32.12 million or 94%. The significant improvement was mainly due to the absence of substantial one-off impairments recognised in the preceding quarter, coupled with improved operational performance during the current quarter.

B3 Prospects

During the quarter, the OmniChannel segment was the Group's principal contributor, recording revenue of RM4.05 million and returning to profitability following new mandates secured for media advertisement and promoting services. The Group intends to build on this momentum by securing further advertising mandates, deepening client relationships, broadening its service offerings and improving operational efficiency within the segment.

The Presto segment recorded lower revenue during the quarter, reflecting reduced sales contribution and a weaker operating performance across its digital ecosystem activities. The Group is reviewing and repositioning the segment, with a focus on strengthening strategic partner collaborations, enhancing platform capabilities and rebuilding transaction volumes over the coming periods.

On the strategic front, the Group obtained conditional approval from the Labuan Financial Services Authority ("Labuan FSA") to undertake investment banking activities. This represents a significant step in the Group's measured expansion into regulated financial services. Upon fulfilment of the relevant conditions, the proposed investment bank is expected to broaden the Group's service portfolio and create new avenues for fee-based income over the longer term.

Taken together, the Group remains cautiously optimistic on its outlook. Growth will continue to be pursued primarily through internal resources and operational improvements, complemented, where appropriate, by equity fundraising or strategic partnerships. The Board will keep shareholders informed of material developments through the appropriate channels in accordance with the ACE Market Listing Requirements.

B4 Profit forecast or profit guarantee

The Group has not issued nor disclosed in any public document any profit forecast or profit guarantee for the current quarter under review.

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code: 0007

Company No.199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel: +603-7651 0188

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PUC

B5 Taxation

CURRENT YEAR QUARTER	PRECEDING PERIOD QUARTER	CURRENT YEAR TO DATE	PRECEDING PERIOD TO DATE
3 MONTHS
31/3/2026
RM 999	3 MONTHS
31/3/2025
RM 999	3 MONTHS
31/3/2026
RM 999	3 MONTHS
31/3/2025
RM 999
1
0%	70
77%	1
0%	N/A
N/A

Provision for previous and current period

Effective tax rate

The effective tax rate is lower than the statutory tax rate due to certain subsidiaries not being subject to taxation.

B6 Status of corporate proposals

On 12 January 2026, the company announced the proposed establishment of an Employees' Share Scheme ("Proposed ESS") comprising an employees' share option scheme and a share grant scheme of up to 30% of the Company's issued shares (excluding treasury shares, if any). Bursa Securities had approved the listing and quotation of the new shares to be issued pursuant to the Proposed ESS, subject to compliance with the relevant conditions. As at the date of this announcement, the Proposed ESS has yet to be implemented and remains pending completion of the required regulatory and administrative processes. No shares were issued pursuant to the Proposed ESS during the current financial quarter under review.

B7 Borrowings

The Group's borrowings as at 31 March 2026 were as follows:

Long Term		Short Term		Total Borrowings
Foreign currency rate	RM equivalent rate	Foreign currency rate	RM equivalent rate	Foreign currency rate	RM equivalent rate
-	2,440	-	3,021	-	5,461
-	2,000	-	16,068	-	18,068
-	4,440	-	19,089	-	23,529

The Group's borrowings as at 31 December 2025 were as follows:

Long Term		Short Term		Total Borrowings
Foreign currency rate	RM equivalent rate	Foreign currency rate	RM equivalent rate	Foreign currency rate	RM equivalent rate
-	2,440	-	4,149	-	6,589
-	-	-	10,693	-	10,693
-	2,440	-	14,842	-	17,282

• RM - Ringgit Malaysia

B8 Material litigation

The Group does not have any material litigation as at the date of this interim financial report.

PUC BERHAD | WWW.PUC.COM
Bursa Malaysia Stock Code : 0007
Company No. 199701036234(451734-A)
C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,
Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia
Tel : +603-7651 0188

---

PUC

B9 Earnings per share

(a) Basic earnings per share

The basic earnings per share of the Group, calculated by dividing the profit attributable to owners of the parent for the period by the weighted average number of shares in issue, is as follows:

	3 months ended 31 March		Cumulative 3 months ended 31 March	Cumulative 3 months ended 31 March
	2025	2025	2026	2025
Profit/(Loss) attributable to owners of the parent (RM '000)	(1,924)	107	(1,924)	N/A
Weighted average number of ordinary shares in issue ('000)	3,048,011	2,721,193	3,048,011	N/A
Basic earnings per share (sen)	(0.06)	0.00	(0.06)	N/A

(b) Diluted earnings per share

The diluted earnings per share of the Group, calculated by dividing the profit attributable to owners of the parent for the period by the weighted average number of ordinary shares in issue plus the weighted average number of ordinary shares that would be issued on the conversion of convertible securities into ordinary shares, is as follows:

	3 months ended 31 March		Cumulative 3 months ended 31 March	Cumulative 3 months ended 31 March
	2025	2025	2026	2025
Profit/(Loss) attributable to owners of the parent (RM '000)	(1,924)	107	(1,924)	N/A
Weighted average number of ordinary shares in issue ('000)	3,048,011	2,721,193	3,048,011	N/A
Diluted earnings per share (sen)	(0.06)	0.00	(0.06)	N/A

B10 Profit before taxation

Profit/(Loss) before taxation arrived after (crediting)/charging:

	CURRENT YEAR QUARTER	PRECEDING PERIOD QUARTER	CURRENT YEAR TO DATE	PRECEDING PERIOD TO DATE
	3 MONTHS	3 MONTHS	3 MONTHS	3 MONTHS
	3125/2025	3125/2025	3125/2025	3125/2025
	RM '000	RM '000	RM '000	RM '000
Interest income	-	(19)	-	N/A
Bad debts written-off:
- Trade receivables	-	-	-	N/A
Depreciation and amortisation	1,819	2,540	1,819	N/A
Impairment loss on:
- Other receivables	-	1,435	-	N/A
Interest expense	508	886	508	N/A
Intangible assets written-off	-	-	-	N/A
- Other receivables	-	-	-	N/A
Loss/(Gain) on foreign exchange:
- Realised	-	(271)	-	N/A
- Unrealised	66	693	66	N/A

PUC BERHAD | WWW.PUC.COM

Bursa Malaysia Stock Code: 0007

Company No.199701036234(451734-A)

C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,

Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia

Tel: +603-7651 0188

---

PUC

Save as disclosed above and in the Condensed Consolidated Statement of Comprehensive Income, the other items required by Bursa Securities ACE Market Listing Requirements, Chapter 9, Appendix 9B, are not applicable to the Group.

By Order of the Board

Cindy Lim Seck Wah
Secretary

Kuala Lumpur

PUC BERHAD | WWW.PUC.COM
Bursa Malaysia Stock Code : 0007
Company No. 199701036234(451734-A)
C-2-01, Level 2, Capital 3, Oasis Square, No. 2, Jalan PJU 1A/7A,
Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia
Tel : +603-7651 0188