SKYGATE SOLUTIONS BERHAD — Interim / Quarterly Report 2026

May 18, 2026

SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

(The figures have not been audited)

| | As at
31-Mar-2026
RM'000 | As at
31-Dec-2025
RM'000
(Audited) |
| --- | --- | --- |
| ASSETS | | |
| Property, plant and equipment | 56,368 | 32,946 |
| Investment properties | 257,382 | 251,992 |
| Inventory properties | 41,947 | 41,947 |
| Intangible assets | 21,047 | 21,239 |
| Other investments | 961 | 961 |
| Rights-of-use-assets | 12,060 | 13,146 |
| Deferred tax assets | 4,633 | 4,816 |
| Trade and other receivables | 482 | 482 |
| Total non-current assets | 394,880 | 367,529 |
| Inventories | 14,736 | 11,480 |
| Inventories properties | 54,268 | 56,044 |
| Current tax assets | 452 | 598 |
| Trade and other receivables | 36,172 | 70,805 |
| Fixed deposit with licensed banks | 338 | 334 |
| Cash and cash equivalents | 46,522 | 38,745 |
| | 152,488 | 178,006 |
| Assets classified as held for sale | 11,433 | 11,433 |
| Total current assets | 163,921 | 189,439 |
| TOTAL ASSETS | 558,801 | 556,968 |
| EQUITY AND LIABILITIES | | |
| Share capital | 185,960 | 185,960 |
| Reserves | 96,390 | 99,000 |
| Total equity attributable to shareholders of the Company | 282,350 | 284,960 |
| Non-controlling interests | 13,843 | 15,250 |
| Total equity | 296,193 | 300,210 |
| Long term borrowings | 162,261 | 159,094 |
| Lease liabilities | 4,496 | 4,982 |
| Other payables | 1,853 | 1,759 |
| Deferred tax liabilities | 6,918 | 6,923 |
| Total non-current liabilities | 175,528 | 172,758 |
| Loans and borrowings | 6,517 | 6,457 |
| Preference shares liabilities | 28,551 | 28,551 |
| Lease liabilities | 1,989 | 1,989 |
| Trade and other payables | 49,786 | 46,766 |
| Current tax liabilities | 237 | 237 |
| Total current liabilities | 87,080 | 84,000 |
| TOTAL LIABILITIES | 262,608 | 256,758 |
| TOTAL EQUITY AND LIABILITIES | 558,801 | 556,968 |
| Net Assets per ordinary share (RM) | 0.88 | 0.89 |

The condensed consolidated statement of financial position should be read in conjunction with the audited financial statements for the year ended 31 December 2025 and the accompanying explanatory notes attached to the interim financial statements.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 31 MARCH 2026

(The figures have not been audited)

| | INDIVIDUAL QUARTER
3 months ended
31-Mar | | | CUMULATIVE QUARTER
3 months ended
31-Mar | | |
| --- | --- | --- | --- | --- | --- | --- |
| | 2026
RM'000 | 2025
RM'000 | Changes
(%) | 2026
RM'000 | 2025
RM'000 | Changes
(%) |
| Revenue | 25,518 | 13,654 | 86.89 | 25,518 | 13,654 | 86.89 |
| Cost of sales | (21,660) | (10,187) | 112.62 | (21,660) | (10,187) | 112.62 |
| Gross profit | 3,858 | 3,467 | | 3,858 | 3,467 | |
| Other operating income | 3,249 | 322 | 909.01 | 3,249 | 322 | 909.01 |
| Distribution and administrative expenses | (8,440) | (3,689) | 128.79 | (8,440) | (3,689) | 128.79 |
| Finance costs | (2,340) | (886) | 164.11 | (2,340) | (886) | 164.11 |
| Loss before taxation | (3,673) | (786) | 367.30 | (3,673) | (786) | 367.30 |
| Tax expense | (344) | (538) | (36.06) | (344) | (538) | (36.06) |
| Loss for the period | (4,017) | (1,324) | 203.40 | (4,017) | (1,324) | 203.40 |
| Other Comprehensive Income/(Expense),
net of tax | | | | | | |
| Foreign currency translation differences
for foreign operation | - | 10 | | - | 10 | |
| Total Comprehensive Expense
for the period | (4,017) | (1,314) | 205.71 | (4,017) | (1,314) | 205.71 |
| Loss attributable to: | | | | | | |
| Owners of the Company | (2,610) | (844) | | (2,610) | (844) | |
| Non-controlling interests | (1,407) | (480) | | (1,407) | (480) | |
| | (4,017) | (1,324) | | (4,017) | (1,324) | |
| Total Comprehensive Expense,
attributable to: | | | | | | |
| Owners of the Company | (2,610) | (839) | | (2,610) | (839) | |
| Non-controlling interests | (1,407) | (475) | | (1,407) | (475) | |
| | (4,017) | (1,314) | | (4,017) | (1,314) | |
| Basic loss per share (sen) | (0.78) | (0.26) | | (0.78) | (0.26) | |

The condensed consolidated statements of comprehensive income should be read in conjunction with the audited financial statements for the year ended 31 December 2025 and the accompanying notes attached to the interim financial statements.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 MARCH 2026

(The figures have not been audited)

| | Share capital
RM'000 | Treasury shares
RM'000 | Non-Distributable
Revaluation reserve
RM'000 | Non-Distributable
Fair value reserve
RM'000 | Distributable
Retained earnings
RM'000 | Total
RM'000 | Non-Controlling
Interests
RM'000 | Total equity
RM'000 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| At 1 January 2026 | 185,960 | (976) | 1,480 | (1,901) | 100,397 | 284,960 | 15,250 | 300,210 |
| Total comprehensive expense for the period | - | - | - | - | (2,610) | (2,610) | (1,407) | (4,017) |
| At 31 March 2026 | 185,960 | (976) | 1,480 | (1,901) | 97,787 | 282,350 | 13,843 | 296,193 |
| At 1 January 2025 | 175,076 | (4,177) | 1,480 | - | 102,224 | 274,603 | (892) | 273,711 |
| Foreign currency translation differences for foreign operation | - | - | - | - | 5 | 5 | 5 | 10 |
| Total comprehensive expense for the period | - | - | - | - | (844) | (844) | (480) | (1,324) |
| At 31 March 2025 | 175,076 | (4,177) | 1,480 | - | 101,385 | 273,764 | (1,367) | 272,397 |

The condensed consolidated statement of changes in equity should be read in conjunction with the audited financial statements for the year ended 31 December 2025 and the accompanying notes attached to the interim financial statements.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED 31 MARCH 2026

(The figures have not been audited)

	3 months ended 31 March
	2026	2025
	RM'000	RM'000
CASH FLOW FROM OPERATING ACTIVITIES
Loss before taxation	(3,673)	(786)
Adjustments for:
Non-cash items	3,387	658
Non-operating items	2,213	665
Operating profit before working capital changes	1,927	537
Changes in working capital
Net changes in current assets	31,377	(2,583)
Net changes in inventory properties	1,776	2,646
Net changes in liabilities	3,114	899
Taxes (paid)/refunded	(20)	(374)
Net cash generated from operating activities	38,174	1,125
CASH FLOW FROM INVESTING ACTIVITIES
- Interest income	127	221
- Acquisition of property, plant and equipment	(25,531)	(13,792)
- Acquisition of investment properties	(5,390)	(1,111)
Net cash used in investing activities	(30,794)	(14,682)
CASH FLOW FROM FINANCING ACTIVITIES
- Interest paid	(2,340)	(886)
- Net drawdown for loans and borrowings	3,227	3,884
- Repayment of lease liabilities	(486)	(10)
Net cash generated from financing activities	401	2,988
Net change in cash and cash equivalents	7,781	(10,569)
Cash and cash equivalents at beginning of the period/year	39,079	47,365
Cash and cash equivalents at end of the period/year	46,860	36,796
Cash and cash equivalents
Cash and cash equivalents included in the condensed consolidated statement of cash flows comprise the following:
Cash and bank balances	46,522	36,759
Fixed deposits placed with licensed banks	338	37
	46,860	36,796

The condensed consolidated cash flow statement should be read in conjunction with the audited financial statements for the year ended 31 December 2025 and the accompanying notes attached to the interim financial statements.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

1. Basis of preparation

The condensed consolidated interim financial information is unaudited and have been prepared in accordance with the applicable disclosure provisions of paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and MFRS 134, Interim Financial Reporting issued by the Malaysian Accounting Standards Board ("MASB") and IAS 34, Interim Financial Reporting issued by the International Accounting Standards Board.

This interim financial report contains condensed consolidated financial statements and selected explanatory notes. The notes include an explanation of events and transactions that are significant to the understanding of the changes in financial position and performance of the Company and its subsidiaries ("the Group") subsequent to 31 December 2025.

2. Significant accounting policies

The significant accounting policies applied in the unaudited condensed interim financial statements are consistent with those adopted in the most recent annual audited financial statements for the financial year ended 31 December 2025 except for the adoption of the new and revised MFRS Accounting Standards ("MFRSs") with effect from 1 January 2026.

The Group plans to apply the following accounting standards, amendments and interpretations:

MFRSs and amendments effective for annual periods beginning on or after 1 January 2027

• MFRS 18, Presentation and Disclosure in Financial Statements
• MFRS 19, Subsidiaries without Public Accountability: Disclosures
• Amendments to MFRS 19, Subsidiaries without Public Accountability: Disclosures
• Amendments to MFRS 121, The Effects of Changes in Foreign Exchanges Rates: Translation to Hyperinflationary Presentation Currency

MFRSs and amendments effective for a date yet to be confirmed

• Amendments to MFRS 10, Consolidated Financial Statements and MFRS 128, Investments in Associates and Joint Ventures - Sale or Contribution of Assets between an Investor and its Associate or Joint Venture

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

1. Auditors’ report on preceding annual financial statements

The auditors have expressed an unqualified opinion on the Company’s statutory financial statements for the year ended 31 December 2025 in their report dated 29 April 2026.

1. Seasonality or cyclical factors

The business of SkyGate Solutions Berhad and its subsidiaries (together referred to as the “Group” and individually referred to as “Company”) is not significantly affected by any seasonality or cyclical factors.

1. Unusual items due to their nature, size or incidence

There were no unusual items affecting assets, liabilities, equity, net income, or cash flows during the quarter ended 31 March 2026.

1. Changes in estimates

There were no changes in estimates that had a material effect in the current quarter ended 31 March 2026.

1. Debt and equity securities

There were no issuances, cancellations, repurchases, resale and repayments of debt and equity securities by the Company during the quarter ended 31 March 2026.

1. Dividend paid/payable

There was no dividend announced by the Company in the current quarter and year to date as at date of this interim financial report.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

9. Segment information

The following comprises the main business segments of the Group: -

| | Individual Quarter
3 months ended | | Cumulative Quarter
3 months ended | |
| --- | --- | --- | --- | --- |
| | 31 March
2026
RM’000 | 31 March
2025
RM’000 | 31 March
2026
RM’000 | 31 March
2025
RM’000 |
| Segment Revenue | | | | |
| Manufacturing | 19,853 | 7,648 | 19,853 | 7,648 |
| Property development | 3,256 | 4,626 | 3,256 | 4,626 |
| Investment holding, property management & letting and others | 2,409 | 1,380 | 2,409 | 1,380 |
| Total revenue | 25,518 | 13,654 | 25,518 | 13,654 |
| Segment Results | | | | |
| Manufacturing | (4,152) | (1,885) | (4,152) | (1,885) |
| Property development | 756 | 1,042 | 756 | 1,042 |
| Investment holding, property management & letting and others | 1,936 | 722 | 1,936 | 722 |
| Loss before interest and taxation | (1,460) | (121) | (1,460) | (121) |
| Interest expense | (2,340) | (886) | (2,340) | (886) |
| Interest income | 127 | 221 | 127 | 221 |
| (Loss)/Profit before taxation | (3,673) | 786 | (3,673) | 786 |
| Taxation | (344) | (538) | (344) | (538) |
| Loss for the period | (4,017) | (1,324) | (4,017) | (1,324) |

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

1. Group’s financial performance review and segmental analysis
   10.1 Overall review of group’s financial performance

Statement of financial position:

Overall, the Group maintains a strong liquidity position, supported by a healthy current ratio that reflects its ability to meet short-term obligations.

As of 31 March 2026, the Group’s current ratio stood at 1.88 times, compared to 2.26 times as of 31 December 2025. While this indicates a slight moderation, the ratio remains robust demonstrating the Group’s continued capacity to cover short-term liabilities with its current assets. This stability showed the Group’s financial management and its ability to sustain operational and financial flexibility.

Comparison with previous year’s corresponding quarter

The Group recorded a revenue of RM25.52 million in the first quarter ended 31 March 2026 (1Q26), compared to RM13.65 million in the same period last year (1Q25). Additionally, the Group reported a loss before interest and tax (LBIT) of RM1.46 million in 1Q26, a widened loss from LBIT of RM0.12 million in 1Q25.

• Manufacturing Segment-Revenue growth in this segment was supported by the acquisition of SkyGate Integration Sdn Bhd in financial year 2025. However, certain entities within the manufacturing segment continued to incur losses due to underutilized production capacity.
• Property Segment-The decrease in revenue and profitability was primarily driven by lower sales of completed properties.
• Property Management & Letting Segment-Revenue and profit has improved as better rental yield earned from existing tenants and new rental generated from other investment properties.

This mixed performance across segments reflects both growth opportunities and ongoing challenges in operational efficiency and asset utilization.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

10.2 Segmental analysis

Comparison with previous year’s corresponding quarter

(i) Manufacturing

The Group reported revenue of RM19.85 million and LBIT of RM4.15 million in 1Q26, representing significant growth from RM7.64 million in revenue in 1Q25 but widened LBIT of RM1.89 million.

Key Highlights:

• Revenue Growth Drivers- The increase was primarily supported by the acquisition of SkyGate Integration Sdn Bhd in the financial year 2025. This expansion reflects the Group's successful acquisition strategy.
• Profitability Challenges- Despite higher revenues contribution, however certain entities within the manufacturing segment continued to incur losses due to underutilized production capacity.

Management Focus: The Group is implementing operational improvements to enhance production utilization across its manufacturing facilities, aiming to translate revenue growth into improved profitability.

(ii) Property development

In the 1Q26, the Group generated revenue of RM3.26 million and a Profit before Interest and Tax (“PBIT”) of RM0.76 million. This represents a decline compared to 1Q25, which recorded revenue of RM4.63 million and PBIT of RM1.04 million.

Key Factors:

• The reduction in revenue and profitability was primarily attributed to lower sales of developed properties year-on-year.
• Despite this, the Group remains focused on optimizing its property portfolio, actively marketing its completed City of Dreams project to attract potential buyers.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

(iii) Investment holding, property management & letting and others

The Group achieved revenue of RM2.41 million in 1Q26 with a PBIT of RM1.94 million, marking an improvement from 1Q25 which recorded revenue of RM1.38 million and a PBIT of RM0.72 million.

Key Performance Factors:

Property Portfolio Transition- Revenue and profit has improved as better rental yield earned from tenants and additional rental income from investment properties.

Forward Outlook:

In the interim, management remains focused on optimizing returns from the remaining portfolio.

11. Variation of results against preceding quarter

| | 3 Months Ended
31 March 2026
RM'000 | 3 Months Ended
31 December 2025
RM'000 | Changes |
| --- | --- | --- | --- |
| Revenue | 19,853 | 27,198 | -27% |
| (Loss)/Profit before interest and taxation | (1,460) | 6,093 | >-100% |
| (Loss)/Profit before taxation | (3,673) | 4,223 | >-100% |
| (Loss)/Profit after taxation | (4,017) | 1,595 | >-100% |

The Group recorded a revenue of RM19.85 million in 1Q26 as compared to RM27.20 million in fourth quarter ended 31 December 2025 (4Q25) and the Group reported a loss before interest and taxation of RM1.46 million in 1Q26 as compared to profit before interest and taxation of RM6.09 million in 4Q25.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

12. Valuation of property, plant and equipment and investment properties

Property, plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses.

The valuation of investment properties has been brought forward without amendment since 31 December 2025.

| | 31 March 2026
RM'000 | 31 December 2025
RM'000 |
| --- | --- | --- |
| SkyGate Properties Sdn Bhd | 88,040 | 87,673 |
| Skydorm Industries Sdn Bhd | 55,955 | 55,000 |
| Delight Island Sdn Bhd | 40,750 | 36,682 |
| Kelpen Plastic Technology Sdn Bhd | 5,010 | 5,010 |
| SkyGate Integration Sdn Bhd | 5,137 | 5,137 |
| SkyGate Precision (M) Sdn Bhd | 62,490 | 62,490 |
| | 257,382 | 251,992 |

13. Other investment

i. On 15 January 2026, the SkyGate Solutions Berhad ("the Company") had through its wholly-owned subsidiary, SkyGate Properties Sdn Bhd ("SPSB"), entered into a sale and purchase agreement for acquisition of 1,000,000 ordinary shares in Dahlia Cemerlang Sdn Bhd ("DCSB"), representing 100% equity interest in DCSB for a total purchase consideration of RM75,900,000. The principle activities of DCSB is property investment. The acquisition details was disclosed in note 19 below.

ii. On 27 January 2026, the Company, through its wholly-owned subsidiary, SkyGate NHJ Sdn Bhd, incorporated a 51% owned subsidiary, SkyGate Industrial Sdn. Bhd., with an issued share capital of RM100.

iii. On 10 March 2026, the Company, through its wholly-owned subsidiary, SPSB, incorporated a 100% owned subsidiary, NorthGate Management Sdn. Bhd., with an issued share capital of RM100.

14. Changes in Group's composition

Except for note 13 above, there were no other significant changes in the Group's composition as of the date of this report.

15. Changes in contingent liabilities

There were no material contingent liabilities to be disclosed as at the date of this report.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

16. Commitments

Authorised but not contracted for:
RM'000
Acquisition of DCSB
75,900

There were no other material capital commitments as at 31 March 2026 to be disclosed as at the date of this report.

17. Prospects for 2026

The Group’s prospects for the year 2026 in the respective operating segments are explained as follows:

(i) Property development

The Group is executing a proactive sales strategy to maximize returns from its completed inventory, focusing on:

i. Targeted Monetization

• Implementing dynamic marketing campaigns to accelerate sales of remaining units.
• Leveraging digital platforms and strategic partnerships to expand buyer reach.

ii. Value Realization

• Optimizing pricing strategies to balance market competitiveness with profitability.
• Showcasing unique selling propositions of completed projects to attract investors and end-users.

iii. Liquidity Enhancement

• Converting inventory into working capital to fund future growth initiatives.
• Reducing carrying costs while maintaining asset value.

This focused approach demonstrates the Group's commitment to efficient capital recycling and positions it to capitalize on market opportunities as they arise.

12

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

(ii) Manufacturing

The Group remains focused on enhancing profitability through strategic operational improvements and business development initiatives. Key priorities include:

i. Operational Optimization
- Implementing efficiency upgrades across manufacturing facilities to maximize production utilization.
- Streamlining processes to reduce costs and improve margins.

ii. Revenue Growth Strategy
- Actively pursuing new contracts and business opportunities to expand revenue streams.
- Leveraging existing capabilities to capture additional market share.

iii. Profitability Focus
- Aligning operational enhancements with commercial expansion to convert top-line growth into bottom-line results.
- Maintaining disciplined cost management while scaling operations.

These efforts position the Group to strengthen its market position and deliver sustainable financial performance moving forward.

(iii) Investment holding, property management and letting

1. SkyGate Properties Sdn Bhd

The Company maintains strong growth potential, driven by the prime strategic location and high occupancy rates of Menara IJM Land. The Group remains confident in the asset's ability to deliver sustainable rental yields and long-term capital appreciation.

1. Skydorm Sdn Bhd

The Company is preparing to commence construction of a purpose-built factory building, positioning itself to meet industrial demand. This development will enhance the Group's diversified property portfolio while creating a new revenue stream upon completion.

1. Skydorm Industries Sdn Bhd

Efforts are underway to secure high-quality tenants that will maximize rental yields and optimize asset utilization. The focus remains on attracting tenants that align with the Group's long-term profitability objectives.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

4. Delight Island Sdn Bhd

Marking the Group’s strategic entry into workforce management services, this segment will develop a 16-storey workers’ dormitory in Penang—a high-demand location for foreign worker accommodations. This project capitalizes on:

• Strong regional demand for compliant, high-quality dormitories.
• First-mover advantage in a growing niche market.
• Strategic location benefits, ensuring long-term occupancy sustainability.

18. Variance between actual profit and forecast profit

This is not applicable as no profit forecast has been published.

19. Status of corporate proposals

As disclosed on note 13(i) above, the proposed acquisition of 100% equity interest in Dahlia Cemerlang Sdn Bhd for a total purchase consideration of RM75.9million (“Proposed Acquisition”) has been approved by Bursa Securities on 17 April 2026 with subjected conditions. Notice of Extraordinary General Meeting have been sent out on 30 April 2026 and meeting will be conducted on 9 June 2026.

There were no other corporate proposals as at 31 March 2026 to be disclosed as at the date of this report.

20. Events subsequent to the balance sheet date

As of the date of this report, there have been no other material subsequent events requiring disclosure other than those outlined in note 19 of this report.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

21. Borrowings

Secured	Interest rate %	31 March 2026 RM '000	Interest rate %	31 Dec 2025 RM '000
Current:
Term loans	4.25-6.02	4,480	4.25-8.02	4,424
Hire purchase loans	6.45-7.10	255	6.45-7.10	255
Bank overdraft	7.33	582	7.33	578
Revolving credit	4.54	1,200	4.54	1,200
		6,517		6,457
Non-current:
Term loans	4.25-6.02	154,072	4.25-8.02	150,543
Hire purchase loans	6.45-7.10	789	6.45-7.10	851
Revolving credit	4.54	7,400	4.54	7,700
		162,261		159,094
Total		168,778		165,551

22. Material litigation

The Group is not engaged in any material litigation for the current quarter ended 31 March 2026.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

23. Basic earnings per share

The calculation of basic earnings per share is based on the net profit attributable to ordinary shareholders divided by the weighted average number of ordinary shares.

	Individual Quarter 3 Months Ended		Cumulative Quarter 3 Months Ended
	31 March 2026 RM’000	31 March 2025 RM’000	31 March 2026 RM’000	31 March 2025 RM’000
Loss attributable to owners of the Company (RM’000)	(2,610)	(844)	(2,610)	(844)
Weighted average number of ordinary shares in issue ('000)	335,809	319,564	335,809	319,564
Weighted average number of ordinary shares after taking into account the effect of share buyback ('000)	(943)	-	(943)	-
Total weighted average number of ordinary shares ('000)	334,866	319,564	334,866	319,564
Basic loss per share (sen)	(0.78)	(0.26)	(0.78)	(0.26)

Diluted earnings per share

The diluted per share were not presented as there were no dilutive potential ordinary shares outstanding at the end of the reporting period.

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SkyGate

SKYGATE SOLUTIONS BERHAD

Company No. 200601023136 (742890-W)

(Incorporated in Malaysia)

Notes to the Unaudited Interim Financial Report

24. Profit/(Loss) before taxation

	Current Quarter Ended		Cumulative Quarter Ended
	31 March 2026 RM’000	31 March 2025 RM’000	31 March 2026 RM’000	31 March 2025 RM’000
Profit/(Loss) before taxation is arrived at after crediting/(charging):
Interest income	127	221	127	221
Interest expense	(2,340)	(886)	(2,340)	(886)

25. Authorisation for issue

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

Date: 19 May 2026