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SOLUTION GROUP BERHAD — Interim / Quarterly Report 2026
May 25, 2026
71519_rns_2026-05-25_90ae4cd0-4585-4f46-9086-c2270eee3fb0.pdf
Interim / Quarterly Report
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SOLUTION GROUP BERHAD
(Company No : 200401016072 (654575-P))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
| INDIVIDUAL QUARTER | CUMULATIVE QUARTER | |||
|---|---|---|---|---|
| Current Year Quarter ended 31 March 2026 (Unaudited) RM'000 | Preceding Year Corresponding Quarter 31 March 2025 (Unaudited) RM'000 | Current Year To-Date 31 March 2026 (Unaudited) RM'000 | Preceding Year Corresponding Period 31 March 2025 (Unaudited) RM'000 | |
| Revenue | 8,690 | 12,139 | 8,690 | 12,139 |
| Cost of sale | (5,315) | (11,779) | (5,315) | (11,779) |
| Gross profit | 3,375 | 360 | 3,375 | 360 |
| Other operating income | 158 | 127 | 158 | 127 |
| Administrative and distribution expenses | (1,928) | (1,706) | (1,928) | (1,706) |
| Other operating expenses | (947) | (931) | (947) | (931) |
| Profit/(Loss) before tax | 658 | (2,150) | 658 | (2,150) |
| Income tax expense B5 | (354) | (311) | (354) | (311) |
| Profit/(Loss) after tax | 304 | (2,461) | 304 | (2,461) |
| Attributable to : | ||||
| Equity holders of the parent | 254 | (1,822) | 254 | (1,822) |
| Non-controlling interest | 50 | (639) | 50 | (639) |
| 304 | (2,461) | 304 | (2,461) | |
| Earnings per share attributable to equity holders of parent : | ||||
| Basic (sen) | B13 | 0.052 | (0.404) | 0.052 |
| Diluted (sen) | B13 | 0.052 | (0.404) | 0.052 |
| EBITDA(1) | 1,523 | (1,290) | 1,523 | (1,290) |
Note:-
(1) Loss before interest income, finance cost, tax, depreciation, amortisation and allowances.
(The unaudited Condensed Consolidated Income Statements should be read in conjunction with the accompanying explanatory notes attached to the interim financial statements)
SOLUTION GROUP BERHAD
(Company No: 200401016072 (654575-P))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026
(The figures have not been audited)
| | Unaudited
31 March 2026
RM'000 | Audited
31 Dec 2025
RM'000 |
| --- | --- | --- |
| ASSETS | | |
| Non-current assets | | |
| Property, plant and equipment | 20,983 | 21,418 |
| Right-of-use assets | 3,708 | 3,179 |
| Goodwill | 43 | 43 |
| | 24,734 | 24,640 |
| Current assets | | |
| Inventories | 1,164 | 1,263 |
| Trade receivables | 37,803 | 37,991 |
| Other receivables | 3,779 | 12,054 |
| Contract assets | 6,546 | 7,778 |
| Tax recoverable | 1,259 | 2,099 |
| Deposit, cash and bank balances | 10,369 | 7,461 |
| | 60,920 | 68,646 |
| TOTAL ASSETS | 85,654 | 93,286 |
| EQUITY AND LIABILITIES | | |
| Equity attributable to equity holders of the parent | | |
| Share capital | 89,442 | 89,442 |
| Treasury shares | (280) | (280) |
| Reserves | (33,881) | (34,135) |
| | 55,281 | 55,027 |
| Non-controlling interest | (3,974) | (4,024) |
| TOTAL EQUITY | 51,307 | 51,003 |
| Non-current liabilities | | |
| Contract liabilities | - | 29 |
| Term loan | B7 | 3,365 |
| Lease liabilities | B7 | 488 |
| Deferred taxation | 66 | 66 |
| | 3,919 | 4,243 |
| Current liabilities | | |
| Trade payables | 16,404 | 15,060 |
| Other payable & accruals | 7,567 | 13,939 |
| Contract liabilities | 4,266 | 7,537 |
| Bills payable | - | 399 |
| Term loan | B7 | 349 |
| Lease liabilities | B7 | 1,268 |
| Taxation | 574 | 382 |
| | 30,428 | 38,040 |
| TOTAL LIABILITIES | 34,347 | 42,283 |
| TOTAL EQUITY AND LIABILITIES | 85,654 | 93,286 |
| Number of ordinary shares in issue ('000) | 485,977 | 485,977 |
| Net assets value per share (RM) | 0.1056 | 0.1049 |
(The unaudited Condensed Consolidated Balance Sheet should be read in conjunction with the accompanying explanatory notes attached to the interim financial statements)
SOLUTION GROUP BERHAD
(Company No.: 200501016072 (654575-P))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2026
(The figures have not been audited)
| | 12 months
Ended 31 Mar 2026
(Unaudited)
RM'000 | 12 months
Ended 31 Mar 2025
(Unaudited)
RM'000 |
| --- | --- | --- |
| CASH FLOWS FROM OPERATING ACTIVITIES | | |
| Profit/(Loss) before taxation | 658 | (2,150) |
| Adjustment for : | | |
| Depreciation of property, plant and equipment | 616 | 639 |
| Depreciation of right-of-use assets | 288 | 178 |
| Interest income | (139) | (37) |
| Inventories written off | 18 | - |
| Interest expense - others | 100 | 80 |
| Gain on lease modification | (1) | - |
| Derecognition of ROU | (7) | - |
| Unrealised gain on foreign exchange | (148) | - |
| Operating loss before working capital changes | 1,385 | (1,290) |
| Working capital changes : | | |
| Decrease in inventories | 81 | 163 |
| (Increase)/Decrease in contract balances | (2,068) | 4,987 |
| Decrease/(Increase) in trade and other receivables | 8,611 | (5,092) |
| (Decrease)/Increase in trade and other payables | (5,028) | 1,602 |
| Cash generated from operating activities | 2,981 | 370 |
| Tax refunded | 843 | - |
| Tax paid | (165) | (105) |
| Net cash generated from operating activities | 3,659 | 265 |
| CASH FLOWS FROM INVESTING ACTIVITIES | | |
| Interest received | 139 | 37 |
| Purchase of property, plant and equipment | (181) | - |
| Purchase of right-of-use assets | (817) | - |
| Net placement of deposits under lien | 1,077 | (366) |
| Net cash from/(used in) investing activities | 218 | (329) |
| CASH FLOWS FROM FINANCING ACTIVITIES | | |
| Interest paid | (100) | (80) |
| Net repayment of term loans | (88) | (96) |
| Net (repayment)/addition of bill payables | (399) | 405 |
| Net addition/(repayments) of principal portion of lease liabilities | 695 | (188) |
| Net cash generated from financing activities | 108 | 41 |
| Net increase/(decrease) in cash and cash equivalents | 3,985 | (23) |
| Cash and cash equivalents at beginning period | 1,462 | 1,102 |
| Cash and cash equivalents at end of period | 5,447 | 1,079 |
| Cash and cash equivalents as at 31 March 2026 and 31 March 2025 comprise the following : | | |
| | 2026
RM'000 | 2025
RM'000 |
| Deposit, cash and bank balances | 10,369 | 8,518 |
| Less: Fixed deposits with licensed banks (pledged with bank for banking facilities) | (4,922) | (7,439) |
| Cash and cash equivalents | 5,447 | 1,079 |
(The unaudited Condensed Consolidated Cashflow Statements should be read in conjunction with the accompanying explanatory notes attached to the interim financial statements.)
SOLUTION GROUP BERHAD
(Company No : 200401016072 (654575-P))
(Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
| Attributable to Owners of the Company | ||||||
|---|---|---|---|---|---|---|
| Non-distributable | Distributable | Non-controlling Interests RM'000 | Total RM'000 | |||
| Share Capital RM'000 | Treasury Shares RM'000 | Accumulated Losses RM'000 | Total RM'000 | |||
| As at 1 January 2025 (Audited) | 89,442 | (280) | (15,779) | 73,383 | 3,501 | 76,884 |
| Loss for the financial year and total comprehensive loss for the financial year | - | - | (18,356) | (18,356) | (7,525) | (25,881) |
| At 31 December 2025 (Audited) | 89,442 | (280) | (34,135) | 55,027 | (4,024) | 51,003 |
| As at 1 January 2026 | 89,442 | (280) | (34,135) | 55,027 | (4,024) | 51,003 |
| Profit for the financial year and total comprehensive income for the financial year | - | - | 254 | 254 | 50 | 304 |
| At 31 Mar 2026 (Unaudited) | 89,442 | (280) | (33,881) | 55,281 | (3,974) | 51,307 |
Effective from 31st January 2017, the new Companies Act 2016 ("the Act") abolished the concept of authorised share capital and par value of share capital. Consequently, the credit balance of the share premium becomes part of the Company's share capital pursuant to the transitional provision set out in Section 618(2) of the Act. Notwithstanding this provision, the Company may within 24 months from the commencement of the Act, use this amount for purpose set out in Section 618 (3) of the Act. There is no impact on the number of ordinary shares in issue or the relative entitlement of any members as a result of this transition.
(The unaudited Condensed Consolidated Changes In Equity should be read in conjunction with the accompanying explanatory notes attached to the interim financial statements.)
SOLUTION GROUP BERHAD ("Company" or "SGB") (Company No: 200401016072 (654575-P)) (incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE QUARTER ENDED 31 MARCH 2026
A. EXPLANATORY NOTES PURSUANT TO MFRS 134 INTERIM FINANCIAL REPORTING
A1. Basis of preparation
The interim financial report of the Company and its subsidiaries ("Group") is unaudited and is prepared in accordance with MFRS 134 "Interim Financial Reporting" and Paragraph 9.22 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") for the ACE Market and should be read in conjunction with the audited consolidated financial statements of the Group for the financial year ended 31 December 2025.
A2. Changes in accounting policies
The Company has not early adopted the following amendments to MFRSs that have been issued by the Malaysian Accounting Standards Board ("MASB") but are not yet effective :-
Effective for annual periods beginning on or after 1 January 2026
Amendments to MFRS 9 and MFRS 7 Financial Instruments and Financial Instruments: Disclosures - Amendments to the Classification and Measurement of Financial Instruments
Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures - Contracts Referencing Nature-dependent Electricity Annual Improvement to MFRS Accounting Standards - Volume 11
Effective for annual periods beginning on or after 1 January 2027
MFRS 18 Presentation and Disclosure in Financial Statements
MFRS 19 and Amendments to MFRS 19 Subsidiaries without Public Accountability: Disclosures
Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates - Translation to a Hyperinflationary Presentation Currency
Effective for annual periods beginning on or after 1 January 2027
MFRS 18 Presentation and Disclosure in Financial Statements
MFRS 19 and Amendments to MFRS 19 Subsidiaries without Public Accountability: Disclosures
Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates - Translation to a Hyperinflationary Presentation Currency
Deferred to a date to be determined by MASB
Amendments to MFRS 10 and MFRS 128 Consolidated Financial Statements and Investments in Associates and Joint Ventures - Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
The initial application of the above applicable amended standards are not expected to have any material financial impacts to the financial statements, except for:-
MFRS 18 Presentation and Disclosure in Financial Statements
MFRS 18 Presentation and Disclosure in Financial Statements introduces three sets of new requirements to improve companies' reporting of financial performance:
- Improved comparability in the statement of profit or loss (income statement)
- Enhanced transparency of management-defined performance measures
- More useful grouping of information in the financial statements
MFRS 18 replaces MFRS 101 Presentation of Financial Statements. It carries forward many requirements from MFRS 101 unchanged. MFRS 18 is effective for annual reporting periods beginning on or after 1 January 2027, but companies can apply it earlier.
The Company is currently working to identify all impacts the amendments will have on the financial statements and notes to the financial statements.
A3. Auditors' report on preceding annual financial statements
The auditors' report on the financial statements for the financial year ended 31 December 2025 was not subject to any qualification.
A4. Seasonality or cyclicality factors
The Group's operations were not affected by seasonal or cyclical changes.
A5. Unusual items affecting assets, liabilities, equity, net income or cash flows
There were no unusual items or events affecting assets, liabilities, equity, net income or cash flows of the Group during the quarter under review.
A6. Material changes in estimates
There were no material changes in estimates that have a material effect in the current quarter results.
A7. Debts and equity securities
There were no other issuance, cancellation, resale, repurchase and repayment of debt and equity securities.
A8. Dividends Paid
There was no dividend paid during the quarter under review.
SOLUTION GROUP BERHAD ("Company" or "SGB")
(Company No: 200401016072 (654575-P))
(Incorporated in Malaysia)
A. EXPLANATORY NOTES PURSUANT TO MFRS 134 INTERIM FINANCIAL REPORTING (CONTD.)
A9. Segmental information
During the financial period, the Group revenue was contributed mainly from the following business segments:
i) Engineering Equipment Design and development of equipment and software for engineering education, research and Technical and Vocational Education and Training ("TVET") in chemical, mechanical, electrical, civil, control engineering and renewable energy.
ii) Metal Fabrication and Assembly Works Provision of fabrication for pressurised vessels, heat exchangers, storage tanks, structures and process skids assembly.
iii) Industrial Automation and Plant Construction Provision of industrial automation and system integration solutions for telemetry, Supervisory Control and Data Acquisition (SCADA), instrumentation and control systems.
iv) Green and Renewal Energy Promotion of business relating to green and renewal energy including supply and installation of photovoltaic system.
v) Biopharmaceuticals & Biotechnology Sales and manufacture of pharmaceutical, medical and botanical products and medicinal chemical and provision of laboratory and industrial biotechnology solutions
vi) Industrial Lubricants Production and distribution of industrial lubricants under SOLMAX brand and OEM brand.
Segmental financial information for 12 months period ended 31 March 2026 and 31 March 2025 are as follows:
| 2026 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Engineering Equipment RM'000 | Metal Fabrication and Assembly Works RM'000 | Industrial Automation and Plant Construction RM'000 | Industrial Lubricants RM'000 | Biopharmaceuticals & Biotechnology RM'000 | Green and Renewal Energy RM'000 | Others RM'000 | Elimination RM'000 | Total RM'000 | |
| Segment revenue | |||||||||
| External | 2,623 | 1,693 | 2,573 | 109 | 919 | 353 | 420 | - | 8,690 |
| Inter-segment | 501 | 75 | 66 | 15 | 219 | 36 | - | (912) | - |
| Total revenue | 3,124 | 1,768 | 2,639 | 124 | 1,138 | 389 | 420 | (912) | 8,690 |
| Results | |||||||||
| Segment results | 858 | 413 | 155 | (113) | (81) | (87) | (546) | 20 | 619 |
| Interest income | 139 | ||||||||
| Interest expense | (100) | ||||||||
| Profit before taxation ("PBT") | 658 | ||||||||
| Income tax expense | (354) | ||||||||
| Profit after taxation ("PAT") | 304 | ||||||||
| Non-controlling Interest | (50) | ||||||||
| Profit attributable to equity holders of the company | 254 | ||||||||
| 2025 | |||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Engineering Equipment RM'000 | Metal Fabrication and Assembly Works RM'000 | Industrial Automation and Plant Construction RM'000 | Industrial Lubricants RM'000 | Biopharmaceuticals & Biotechnology RM'000 | Green and Renewal Energy RM'000 | Others RM'000 | Elimination RM'000 | Total RM'000 | |
| Segment revenue | |||||||||
| External | 4,373 | 841 | 6,585 | 265 | - | 75 | - | - | 12,139 |
| Inter-segment | 8 | 195 | 287 | 1 | - | - | 291 | (782) | - |
| Total revenue | 4,381 | 1,036 | 6,872 | 266 | - | 75 | 291 | (782) | 12,139 |
| Results | |||||||||
| Segment results | 513 | (76) | (1,526) | (45) | (671) | (109) | (293) | 137 | (2,070) |
| Interest expense | (80) | ||||||||
| Loss before taxation ("LBT") | (2,150) | ||||||||
| Income tax expense | (311) | ||||||||
| Loss after taxation ("LAT") | (2,461) | ||||||||
| Non-controlling Interest | 639 | ||||||||
| Loss attributable to equity holders of the company | (1,822) |
SOLUTION GROUP BERHAD ("Company" or "SGB") (Company No: 200401016072 (654575-P)) (incorporated in Malaysia)
A. EXPLANATORY NOTES PURSUANT TO MFRS 134 INTERIM FINANCIAL REPORTING (CONTD.)
A10. Valuation of property, plant and equipment
The Group did not revalue any of its property, plant and equipment during the quarter under review.
A11. Material events subsequent to the end of the quarter
There were no material events occurring subsequent to the end of the reporting period to the date of announcement.
A12. Changes in the composition of the Group
There were no changes in the composition of the Group for the quarter under review.
A13. Contingent liabilities
There were no material contingent liabilities as at the date of this announcement.
A14. Capital commitment
There were no material capital commitment as at the date of this announcement.
A15. Significant Related Party Transaction
There was no significant related party transaction as at the date of this announcement.
B. ADDITIONAL INFORMATION REQUIRED BY BURSA MALAYSIA SECURITIES BERHAD LISTING REQUIREMENTS FOR THE ACE MARKET
B1. Review of Performance
Current and Cumulative Quarter ended 31 March 2026
| Quarter ended | Year-to-date | |||
|---|---|---|---|---|
| 31 Mar 2026 RM'000 | 31 Mar 2025 RM'000 | 31 Mar 2026 RM'000 | 31 Mar 2025 RM'000 | |
| Revenue | 8,690 | 12,139 | 8,690 | 12,139 |
| Gross profit | 3,375 | 360 | 3,375 | 360 |
| Profit/(Loss) before tax ("PBT")/(“LBT”) | 658 | (2,150) | 658 | (2,150) |
Comparison with preceding year corresponding quarter
The Group's revenue for the quarter under review amounted to RM8.69 million, representing a decrease of RM3.45 million as compared to RM12.14 million reported in the corresponding quarter of the preceding year. The decline in revenue was primarily due to lower contribution from the industrial automation and plant construction segments.
The Group's revenue was mainly derived from the engineering and equipment at 30.18% to the total revenue, followed by the industrial automation and plant construction segment contributing 29.61%, metal fabrication at 19.48% and other segments at 20.73%.
The Group's LBT improved by RM2.81 million, from a LBT of RM2.15 million in the corresponding quarter of the preceding year to a PBT of RM0.66 million in the current quarter.
Comparison with preceding year corresponding year-to-date
The Group's revenue decreased by RM3.45 million or 28.42%, from RM12.14 million recorded in the corresponding year-to-date period of the preceding year to RM8.69 million for the current year-to-date period. Nevertheless, the Group reported an increase in gross profit to RM3.38 million as compared to RM0.36 million recorded in the corresponding year-to-date period of the preceding year.
The decrease in the Group's revenue was mainly due to significant decline revenue from the industrial automation and plant construction segment, which decreased by RM3.45 million. The Group's revenue was mainly contributed by the engineering equipment at 30.18% of total revenue, followed by the industrial automation and plant construction segment at 29.61%, metal fabrication and assembly work at 19.48% and other segments at 20.73%.
The Group's LBT improved by RM2.81 million, from a LBT of RM2.15 million in the corresponding year-to-date period of the preceding year to a PBT of RM0.66 million for the current year-to-date period. The improvement was mainly attributable to the higher gross profit margin recorded during the current year-to-date period.
SOLUTION GROUP BERHAD ("Company" or "SGB")
(Company No : 200401016072 (654575-P))
(Incorporated in Malaysia)
B. ADDITIONAL INFORMATION REQUIRED BY BURSA MALAYSIA SECURITIES BERHAD LISTING REQUIREMENTS FOR THE ACE MARKET (CONTD.)
B2. Comparison with the Immediate Preceding Quarter Result
| Immediate | ||||
|---|---|---|---|---|
| Current Year Quarter ended 31 Mar 2026 RM'000 | Preceding Quarter ended 31 Dec 2025 RM'000 | Variance RM'000 | % | |
| Revenue | 8,690 | 6,815 | 1,875 | 0.28 |
| Profit/(Loss) before tax ("PBT")/("LBT") | 658 | (19,645) | 20,303 | 103.35% |
For the current quarter ended 31 March 2026, the Group recorded revenue of RM8.69 million, representing an increase of approximately RM1.87 million compared to RM6.82 million in the immediate preceding quarter ended 31 December 2025.
Correspondingly, the Group's LBT improved by RM20.30 million from a LBT of RM19.65 million in the immediate preceding quarter to a PBT of RM0.66 million in the current quarter. The higher LBT in the immediate preceding quarter was mainly due to the impairment losses on contract asset and receivables recognised during the immediate preceding quarter.
B3. Prospects for the financial year 2026
The Group continuously reviews and rationalises its corporate structure to enhance operational efficiency, strengthen cost optimisation initiatives and improve overall organisational effectiveness.
This exercise is expected to streamline business operations, facilitate more efficient resource allocation, improve reporting efficiency and enable the Group to focus on its core business activities, thereby supporting the Group's long-term growth and sustainability objectives.
B4. Profit guarantee
The Group has not issued any profit forecast nor guarantee in respect of any corporate proposal.
B5. Taxation
| Quarter ended | Year-to-date | |||
|---|---|---|---|---|
| 31 Mar 2026 RM'000 | 31 Mar 2025 RM'000 | 31 Mar 2026 RM'000 | 31 Mar 2025 RM'000 | |
| Current taxation | (354) | (311) | (354) | (311) |
| -Provision for taxation |
B6. Profit on sale of unquoted investments and/or properties
There were no disposal of unquoted investment and/or properties for the quarter under review.
B7. Group borrowings and debt securities
Details of the Group's borrowings as at 31 March 2026 are as follows :
| Current RM'000 | Non-current RM'000 | Total RM'000 | |
|---|---|---|---|
| Secured : | |||
| Hire purchase (included in lease liabilities) | 1,268 | 488 | 1,756 |
| Term loan | 349 | 3,365 | 3,714 |
| Total | 1,617 | 3,853 | 5,470 |
SOLUTION GROUP BERHAD ("Company" or "SGB")
(Company No : 200401016072 (654575-P))
(incorporated in Malaysia)
B. ADDITIONAL INFORMATION REQUIRED BY BURSA MALAYSIA SECURITIES BERHAD LISTING REQUIREMENTS FOR THE ACE MARKET (CONTD.)
B8. Status of Corporate Proposals
A) Proposed Renewal of Authority for the Company to Purchase Its Own Shares
The Renewal of Authority for Share Buy Back had been approved by shareholders at the 20th Annual General Meeting of the Company. As at to date, the total number of treasury shares is 1,932,700.
B) Utilisation of proceeds
On 3 October 2023, M&A Securities, on behalf of the Board, formally announced the successful completion of the Private Placement. The listing of 43,968,600 Placement Shares on the ACE Market of Bursa Malaysia Securities Berhad resulted in total proceeds amounting to RM8,573,877. The proceeds will be utilised by the Group for research and development of human vaccines and working capital, the breakdown of the utilisation are as follows:
| Purpose | Timeframe for Utilisation of Proceeds | Proposed Utilisation | Actual Utilisation |
|---|---|---|---|
| RM'000 | RM'000 | ||
| Research and development of human vaccines | Within 24 months | 4,500 | - |
| Working capital requirements | Within 24 months | 3,934 | 2,408 |
| Expenses for The Proposed Private Placement | Immediate | 140 | 140 |
The utilisation of proceeds disclosed above should be read in conjunction with the announcement of the extension of time for the utilisation of proceeds raised from the Private Placement Exercise dated 24 September 2025.
B9. Realised/ Unrealised Profits
| | | As at
31 March 2026
RM'000 |
| --- | --- | --- |
| Total accumulated losses of the Company and its subsidiaries | | |
| - realised | | (58,381) |
| - unrealised | | (549) |
| | | (58,930) |
| Less: Consolidated adjustments | | 25,049 |
| Accumulated losses as per financial statement | | (33,881) |
B10. Profit Before Tax
| | Quarter ended
31 March 2026 | Quarter ended
31 March 2025 |
| --- | --- | --- |
| | RM'000 | RM'000 |
| Profit before tax is derived after charging: | | |
| Inventories written off | 18 | - |
| Depreciation of property, plant & equipment | 616 | 639 |
| Depreciation of right-of-use assets | 288 | 178 |
| Interest expense | 100 | 80 |
| Loss on foreign exchange: | | |
| -Realised | 10 | 12 |
| -Unrealised | - | 14 |
| and crediting: | | |
| Interest income | (139) | (37) |
| Gain on foreign exchange: | | |
| -Unrealised | (158) | - |
SOLUTION GROUP BERHAD ("Company" or "SGB")
(Company No : 200401016072 (654575-P))
(incorporated in Malaysia)
B. ADDITIONAL INFORMATION REQUIRED BY BURSA MALAYSIA SECURITIES BERHAD
LISTING REQUIREMENTS FOR THE ACE MARKET (CONTD.)
B11. Off balance sheet financial instruments
There were no financial instruments with off-balance sheet risk as at the date of this announcement applicable to the Group.
B12. Dividends
The Board of Directors did not recommend other payment of dividend in respect of the quarter under review.
B13. Earnings per share
| Current Quarter ended 31 March 2026 | Comparative Quarter ended 31 March 2025 | Current year to date ended 31 March 2026 | Preceding year to date ended 31 March 2025 | |
|---|---|---|---|---|
| Net profit/(loss) for the period attributable to equity holders (RM'000) | 254 | (1,822) | 254 | (1,822) |
| Basic | ||||
| Weighted average number of ordinary shares in issue ('000) | 484,045 | 451,038 | 484,045 | 451,038 |
| Basic EPS (sen) | 0.052 | (0.404) | 0.052 | (0.404) |
| Diluted | ||||
| Weighted average number of ordinary shares in issue ('000) | 484,045 | 451,038 | 484,045 | 451,038 |
| Effect of dilution: share options and convertible warrants ('000) | - | 10 | - | 10 |
| Adjusted weighted average number of ordinary shares in issue and issuable ('000) | 484,045 | 451,048 | 484,045 | 451,048 |
| Diluted EPS (sen) | 0.052 | (0.404) | 0.052 | (0.404) |
BY ORDER OF THE BOARD
SOLUTION GROUP BERHAD