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TFP SOLUTIONS BHD Interim / Quarterly Report 2026

May 25, 2026

71676_rns_2026-05-25_3a00376d-857b-4c46-a392-457cb5dc8687.pdf

Interim / Quarterly Report

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TFP SOLUTIONS BERHAD

[200701015543 (773550-A)]

(Incorporated in Malaysia)

Interim Financial Statements
For The Financial Period Ended
31 March 2026


TFP SOLUTIONS BERHAD

[200701015543 (773550-A)]

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CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 31 MARCH 2026

(The figures have not been audited)

INDIVIDUAL PERIOD CUMULATIVE PERIOD
3 MONTHS ENDED 9 MONTHS ENDED
31-Mar-26 RM'000 31-Mar-25 RM'000 31-Mar-26 RM'000 31-Mar-25 RM'000
Revenue 1,148 760 2,332 2,762
Cost of sales (115) (331) (455) (1,014)
Gross profit 1,033 429 1,877 1,748
Other operating income 121 142 133 180
Administrative expenses (480) (1,223) (2,558) (3,588)
Other operating expenses (320) (14) (539) (34)
Finance costs (3) (5) (15) (14)
Profit/(Loss) before taxation and exception item 351 (671) (1,102) (1,708)
Exception Item - - - -
Profit/(Loss) after exceptional item before taxatio 351 (671) (1,102) (1,708)
Taxation B6 (29) - (59) -
Profit /(Loss) for the financial period 322 (671) (1,161) (1,708)
Total comprehensive profit/(loss) 322 (671) (1,161) (1,708)
Profit / (Loss) attributable to :
Equity holders of the Company 327 (733) (1,150) (1,869)
Non-controlling interests (5) 62 (11) 161
322 (671) (1,161) (1,708)
Profit / (Loss) per share (sen)
- Basic B15 0.05 (0.14) (0.18)
- Diluted B15 0.05 (0.13) (0.18)
  • Less than RM1,000

Note:

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


TFP SOLUTIONS BERHAD

[200701015543 (773550-A)]

ST

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026

Note 31-Mar-26 RM'000 (Unaudited) 30-Jun-25 RM'000 (Audited)
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment 28 99
Right-of-use assets 935 1,040
Intangible assets 2,294 2,846
Goodwill on consolidation 2 2
Financing receivables 110 96
3,369 4,083
CURRENT ASSETS
Inventories 657 614
Financing receivables 6 23
Trade receivables A16 4,515 2,755
Other receivables, deposits & prepayments 1,736 2,450
Amount due from associate 332 1,601
Tax recoverable - 76
Cash and bank balances 73 248
7,319 7,767
TOTAL ASSETS 10,688 11,850
EQUITY AND LIABILITIES
Equity attributable to equity holders of the Company
Share capital 9,070 8,469
Treasury shares (179) (179)
Reserves (3,932) (2,782)
Shareholders' funds 4,959 5,508
Non-controlling interests (24) (16)
Total Equity 4,935 5,492
NON-CURRENT LIABILITIES
Hire Purchase and Lease liabilities 514 699
514 699
CURRENT LIABILITIES
Hire Purchase and Lease liabilities 341 341
Trade payables 580 563
Other payables and accruals 3,849 2,481
Contract liabilities - 1,297
Amount due to Directors 366 296
Amount due to a shareholder - 400
Tax payable 103 281
5,239 5,659
TOTAL EQUITY AND LIABILITIES 10,688 11,850
Net Assets per share (sen) 0.76 1.33

Note:

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

Net Assets per share for the current period is arrived at based on TFP Group's Net Assets of RM4,935,000 over the number of ordinary shares of 646,588,000 shares.


TFP SOLUTIONS BERHAD

[200701015543 (773550-A)]

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CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 MARCH 2026

(The figures have not been audited)

Non-distributable Distributable Accumulated Losses RM'000 Shareholders' Fund RM'000 Non-controlling Interests RM'000 Total Equity RM'000
Share Capital RM'000 Treasury Shares RM'000 Warrant Reserve RM'000
As at 1 July 2024 8,169 (179) 4,766 (5,942) 6,814 1,393 8,207
Total comprehensive loss for the year - - - (2,798) (2,798) (220) (3,018)
Issuance of shares pursuant to warrant exercise 300 - (343) 343 300 - 300
Acquisition of shares from NCI - - - 1,192 1,192 (1,192) -
Acquisition of a subsidiary - - - - - 3 3
As at 30 June 2025 (Audited) 8,469 (179) 4,423 (7,205) 5,508 (16) 5,492
At 1 July 2025 8,469 (179) 4,423 (7,205) 5,508 (16) 5,492
Total comprehensive loss for the period - - - (1,150) (1,150) (11) (1,161)
Issuance of shares pursuant to warrant exercise 601 - (687) 687 601 - 601
Reversal of warrant reserve due to expiry of warrant - - (3,736) 3,736 - - -
Disposal of subsidiary - - - - - 3 3
As at 31 March 2026 (Unaudited) 9,070 (179) - (3,932) 4,959 (24) 4,935

Note:
The Condensed Consolidated Statement of Changes In Equity should be read in conjunction with the Audited Financial Statements for financial year ended 30 June 2025 and the accompanying explanatory notes attach to the Interim Financial Statements.


TFP SOLUTIONS BERHAD
[200701015543 (773550-A)]
ST

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED 31 MARCH 2026

(The figures have not been audited)

9 MONTHS ENDED
Current period
31-Mar-26
RM'000 Preceding period
31-Mar-25
RM'000
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before taxation (1,150) (1,708)
Adjustments for:
Amortisation of intangible assets 71 294
Depreciation of plant and equipment 105 116
Depreciation of right-of-use assets 552 115
Inventory written off - 1
Impairment loss on inventory - 13
Bad debts written off - 31
Interest expense 15 14
Interest income - -
Plant and equipment written off - 3
Operating loss before working capital changes (407) (1,121)
Changes in working capital:
Decrease/(Increase) in inventories 43 (226)
Decrease in trade and other receivables 302 76
Increase / (Decrease) in trade and other payables (577) 331
Cash used in operations (639) (940)
Interest paid (11) (14)
Tax refund 118 181
Tax paid (59) -
Net cash used in operating activities (591) (773)
CASH FLOWS FROM INVESTING ACTIVITIES
Addition of intangible assets - -
Acquisition of right-of-use assets - (216)
Disposal of shares in subsidiary - -
Net cash generated from investing activities - (216)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of lease liabilities (185) (60)
Proceeds from warrant conversion to shares 601 300
Net cash generated from financing activities 416 240
NET DECREASE IN CASH AND CASH EQUIVALENTS (175) (749)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 248 909
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 73 160
  • Less than RM1,000

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


TFP SOLUTIONS BERHAD
[200701015543 (773550-A)]
T

QUARTERLY REPORT ON CONSOLIDATED RESULTS

FOR THE PERIOD ENDED 31 MARCH 2026

A NOTES TO THE INTERIM FINANCIAL STATEMENTS

A1 Basis of preparation

The condensed consolidated interim financial statements are unaudited and have been prepared in accordance with the requirements outlined in the Malaysian Financial Reporting Standards ("MFRS") No. 134: Interim Financial Reporting and Paragraph 9.22 of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements ("AMLR") and should be read in conjunction with the audited financial statements of the TFP Solutions Berhad ("Company") and its subsidiaries ("TFP Group") for the financial year ended 30 June 2025.

The interim financial statements are prepared under the historical cost convention and modified to include other bases of valuation as disclosed in other sections under significant accounting policies, and in compliance with Malaysian Financial Reporting Standards ("MFRSs"), International Financial Reporting Standards ("IFRSs") and the requirements of the Companies Act 2016 in Malaysia.

A2 Significant accounting policies

The audited financial statements of the Group for the year ended 30 June 2025 were prepared in accordance with Malaysian Financial Reporting Standards ("MFRS") framework issued by MASB. As per requirements under MFRS, the significant accounting policies adopted in preparing these interim financial statements are consistent with those of the audited financial statements for the year ended 30 June 2025 except as discussed below:

As of 1 July 2025, the Group has adopted the Amendments of MFRSs that have been issued by MASB as listed below:

Amendments to MFRSs Title Effective date
Amendments to MFRS 121 Lack of Exchangeability 1 January 2025

The adoption of the above Amendments of MFRSs did not have any impact to the condensed financial statements.

A3 Audit report of preceding annual financial statements

There were no audit qualification in relation to the Audited Financial Statements of TFP Group for the financial year ended 30 June 2025.

A4 Seasonal or cyclical factors

TFP Group's operations are not materially affected by seasonal or cyclical changes during the current period under review.

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

There were no unusual items affecting assets, liabilities, equity, net income or cash flows of TFP Group during the current period under review.

A6 Material changes in estimates

There were no changes in estimates of amounts reported in prior financial year, which have a material effect in the current period under review.

A7 Debt and equity securities

Save as disclosed in the following, there were no issuance, cancellations, repurchases, resale and repayment of debt and equity securities during the current period ended 31 March 2026.

During the period ended 31 March 2026, the Company did not purchase any of its issued shares from the open market. The total number of shares held as treasury share at the reporting date is 1,279,000 shares at a total cost of RM0.18 million.

A8 Dividend paid

There were no dividends paid during the current period under review.


TFP SOLUTIONS BERHAD

[200701015543 (773550-A)]

QUARTERLY REPORT ON CONSOLIDATED RESULTS

FOR THE PERIOD ENDED 31 MARCH 2026

T

A NOTES TO THE INTERIM FINANCIAL STATEMENTS (Cont'd)

A9 Segmental information

Segment information based on TFP Group's activities are set out below:

INDIVIDUAL PERIOD CUMULATIVE PERIOD
3 MONTHS ENDED 9 MONTHS ENDED
31-Mar-26 RM'000 31-Mar-25 RM'000 31-Mar-26 RM'000 31-Mar-25 RM'000
Revenue
Business Management Solutions ("BMS") 1,081 320 2,090 1,326
Fintech 74 447 423 1,122
Other * - 2 321
1,155 767 2,515 2,769
Adjustment and eliminations (7) (7) (183) (7)
1,148 760 2,332 2,762
Profit / (Loss) before taxation
BMS 965 (73) 1,259 462
Fintech (614) (268) (2,177) (1,665)
Others * (330) (184) (505)
351 (671) (1,102) (1,708)
Adjustment and eliminations - - - -
351 (671) (1,102) (1,708)

No other segmental information such as assets and liabilities are presented as TFP Group is principally engaged in Artificial Intelligence ("A.I") business solutions related services.

TFP Group's operations are currently conducted predominantly in Malaysia.

A10 Valuation of property, plant and equipment

There was no valuation of the property, plant and equipment in the current period and cumulative period ended 31 March 2026.

A11 Material events subsequent to the interim reporting period

Save as disclosed in A12 and B9, there was no material event occurs subsequent to the end of the current period ended 31 March 2026.

A12 Changes in the composition of the Group

On 25 August 2025, the Company disposed of its 60% equity interests in Hello Superstars Sdn Bhd (Formerly known as TFP Global Sdn Bhd) for a cash consideration of RM1.

A13 Contingent liabilities and assets

The Directors are of the opinion that TFP Group has no contingent liabilities which, upon crystallisation would have a material impact on the financial position and business of TFP Group as at reporting date, other than that disclosed in the audited financial statements for the financial year ended 30 June 2025.

A14 Capital commitments

As at 31 March 2026, TFP Group has no material capital commitments in respect of property, plant and equipment.

A NOTES TO THE INTERIM FINANCIAL STATEMENTS (Cont'd)


TFP SOLUTIONS BERHAD

[200701015543 (773550-A)]

QUARTERLY REPORT ON CONSOLIDATED RESULTS

FOR THE PERIOD ENDED 31 MARCH 2026

T

A15 Significant related party transactions

The Directors are of the opinion that TFP Group has no other related party transactions which would have a significant impact on the financial position and business of TFP Group saved as disclosed below.

Individual Period Cumulative Period
31-Mar-26 31-Mar-26
RM'000 RM'000
(i) Purchase from a related party 153 417
(ii) Sales to related parties 2 100
(iii) Office rental paid to a director - -
(iv) Office rental paid to a related party - -
155 517

A16 Trade receivables

As at As at
31-Mar-26 30-Jun-25
RM'000 RM'000
Trade receivables 5,446 3,418
Less: Allowance for Expected Credit Losses ("ECL") (931) (663)
4,515 2,755

The following table provides information about the exposure to credit risk and ECL for trade receivables:

As at As at
31-Mar-26 30-Jun-25
RM'000 RM'000
Not past due 262 630
Past due:
Less than 30 days 368 902
31 to 60 days 896 524
61 to 90 days 325 76
More than 90 days 3,595 1,286
5,446 3,418
Less: ECL (931) (663)
4,515 2,755

B ADDITIONAL INFORMATION REQUIRED BY THE BURSA MALAYSIA SECURITIES BERHAD'S LISTING REQUIREMENTS

B1 Review of performance

INDIVIDUAL PERIOD CUMULATIVE PERIOD
3 MONTHS ENDED 9 MONTHS ENDED
31-Mar-26 31-Mar-25 31-Mar-26 31-Mar-25
RM'000 RM'000 RM'000 RM'000
Revenue 1,148 760 2,332 2,762
Gross profit 1,033 429 1,877 1,748
Profit/(Loss) before taxation 351 (671) (1,102) (1,708)

TFP Group recorded revenue and gross profit of RM1.15 million and RM1.03 million for the current reporting quarter ended 31 March 2026 which shows an increase of RM0.39 million in revenue and RM0.6 million in gross profit as compared to corresponding quarter ended 31 March 2025. The increase in revenue for the current reporting quarter derived from BMS segment of which the subsidiary company managed to secure significant SAP related business in the current quarter.

B ADDITIONAL INFORMATION REQUIRED BY THE BURSA MALAYSIA SECURITIES BERHAD'S LISTING REQUIREMENTS (Cont'd)


TFP SOLUTIONS BERHAD

[200701015543 (773550-A)]

T

QUARTERLY REPORT ON CONSOLIDATED RESULTS

FOR THE PERIOD ENDED 31 MARCH 2026

B1 Review of performance (Cont'd)

For the current cumulative quarter ended 31 March 2026, TFP Group recorded revenue of RM2.33 million and gross profit of RM1.88 million. It reflect that even though there is a revenue reduction of RM0.43 million but gross profit shows an increase of RM0.13 million as compared to the corresponding cumulative quarter ended 31 March 2025. Overall, the BMS segment still contribute significant revenue for the current cumulative period of RM2.1 million, an increase of RM0.76 million as compared to the previous cumulative quarter reporting period. While BMS segment shows an increase in revenue, the Fintech segment reported a decrease in revenue of RM0.70 million arising the low demand in the mobile fintech demand.

TFP Group has taken measures in monitoring the operational cost to ensure that effective cost control are adhered in the operations of TFP Group business.

B2 Variation of results against preceding period

Reporting Period
Current Preceding
31-Mar-26 31-Mar-25
RM'000 RM'000
Revenue 1,148 760
Gross profit 1,033 429
Profit / (Loss) Loss before taxation 351 (671)

TFP Group recorded revenue and gross profit of RM1.15 million and RM1.03 million for the current reporting quarter ended 31 March 2026 which shows an increase of RM0.39 million in revenue and RM0.6 million in gross profit as compared to corresponding quarter ended 31 March 2025. The increase in revenue for the current reporting quarter derived from BMS segment of which the subsidiary company managed to secure significant SAP related business in the current quarter.

B3 Prospects

For the financial year 2026, TFP Group has restructured it operations to be more resilience by restructuring its products growth and the implementation strategy of its product and services.

TFP Group has started focus its product growth in the following product/services which the Company has divided into 4 Categories such as Intelligent Solutions Platform, Embedded Fintech & Digital Payments, Workforce Ecosystem Management and Business Enterprise & SaaS segment.

An AI-powered business management solution transforms core operations by automating routine tasks, predicting market trends, and delivering data-driven insights. It augments human capabilities to optimise resources, reduce costs, and accelerate strategic growth. TFP Group has enhanced the SAP Solutions with AI as the value added tools that enhance effective operations. Each product has their own market segment to penetrate such as Suruhanjaya Koperasi Malaysia in providing AI solution platform that will benefit the Koperasi and Suruhanjaya Koperasi Malaysia. TFP Group will also approach SME Corp in providing the same AI solution platform to participating SMEs that will provide benefits to the SMEs.

TFP Group will continue its business with the target market of foreign community by providing digital lifestyle solutions through eWages and eWallet solutions with SIM cards. This move aligns with TFP Group's broader mission to deliver innovative, user-centric financial solutions that drive financial inclusion and improvement the quality of life for the foreign worker community through the supporting the state and nation agenda regarding foreign workers initiative.

The Group has aggressively marketing the product, Integrated Cooperatives Management System ("ICMIS") to Koperasi in Malaysia by providing the module that bring value add to the operations of Koperasi such as the membership system, loan management system, accounting system as part of digitalisation of Koperasi in line with Government initiatives to digitalise the operations of Koperasi nationwide which comprise an estimated of 14,000 koperasi.

B ADDITIONAL INFORMATION REQUIRED BY THE BURSA MALAYSIA SECURITIES BERHAD'S LISTING REQUIREMENTS (Cont'd)

B4 Variation of actual profit from forecast profit


TFP SOLUTIONS BERHAD

[200701015543 (773550-A)]

QUARTERLY REPORT ON CONSOLIDATED RESULTS

FOR THE PERIOD ENDED 31 MARCH 2026

T

Not applicable for the current financial period.

B5 Statement of Comprehensive Income

(a) Amortisation and depreciation
(b) Interest expense
(c) Interest income
(d) Plant and equipment written off

Reporting Period
Individual Cumulative
31-Mar-26 31-Mar-26
RM'000 RM'000
423 728
3 15
- -
- -

B6 Taxation

Reporting Period
Individual Cumulative
31-Mar-26 31-Mar-26
RM'000 RM'000

Current tax expense

  • Under provision in previous year
Reporting Period
Individual Cumulative
(29) (59)

No tax has been provided for TFP Group due to losses incurred in the individual period and cumulative period ended 31 March 2026.

B7 Unquoted investments and properties

There was no disposal of any unquoted investments or properties in the current individual period under review.

B8 Quoted securities

There was no acquisitions or disposals of quoted securities in the individual period and cumulative period ended 31 March 2026.

B9 Status of Corporate Proposal

On 12 September 2025, TFP Group proposed to undertake the following corporate proposals:

(i) proposed private placement of up to 226,971,300 new TFP Shares representing approximately 30% of the total number of issued TFP Shares (excluding any treasury shares); and
(ii) proposed acquisition by TFP Group of the Land for a total purchase consideration of RM5.00 million to be satisfied entirely via the issuance of Consideration Shares.

The above corporate proposal are subject to the approval of Bursa Malaysia Securities Berhad and shareholders of TFP Solutions Berhad at the Extraordinary General Meeting ("EGM") to be convened.

The corporate proposal was approved by Bursa Malaysia Securities Berhad on 16 December 2025 and the EGM to be convened on 7 January 2026.

TFP Group has convened the EGM on 7 January 2026 and the corporate proposal has been approved by shareholders during the EGM.

B ADDITIONAL INFORMATION REQUIRED BY THE BURSA MALAYSIA SECURITIES BERHAD'S LISTING REQUIREMENTS (Cont'd)

B10 Group's borrowings and debt securities

TFP Group has no borrowing or debt security as at 31 March 2026.


TFP SOLUTIONS BERHAD

[200701015543 (773550-A)]

QUARTERLY REPORT ON CONSOLIDATED RESULTS

FOR THE PERIOD ENDED 31 MARCH 2026

T

B11 Off balance sheet financial instruments

As at reporting date, TFP Group issued corporate guarantees in favour of vendor companies for the supply of goods and services to its subsidiaries up to approximately RM3.50 million.

B12 Material litigation

TFP Group is not engaged in any litigation or arbitration, either as plaintiff or defendant, which has a material effect on the financial position of TFP Group and the Board does not know of any proceedings pending or threatened, or of any fact likely to give rise to any proceedings, which might materially and adversely affect the position or business of TFP Group.

B14 Dividend

No dividend has been declared for the financial individual period and cumulative period ended 31 March 2026 under review.

B15 Profit / (Loss) per share

INDIVIDUAL PERIOD CUMULATIVE PERIOD
3 MONTHS ENDED 9 MONTHS ENDED
31-Mar-26 31-Mar-25 31-Mar-26 31-Mar-25
RM'000 RM'000 RM'000 RM'000
Profit / (Loss) attributable to equity holders of the Company 327 (733) (1,150) (1,299)
No. of units '000 No. of units '000
Weighted average number of shares in issue 645,309 591,816 645,309 591,816
Basic profit/(loss) per share (sen) 0.05 (0.12) (0.18) (0.22)
No. of units '000 No. of units '000
Number of shares in issue 646,588 628,878 646,588 628,878
Number of shares buyback (1,279) (1,279) (1,279) (1,279)
Warrants in issue - - - -
645,309 627,599 645,309 627,599
Diluted profit/(loss) per share (sen) 0.05 (0.12) (0.18) (0.21)

B16 Authorisation for issue

The interim financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the directors dated 26 May 2026.

TFP Solutions Berhad

26 May 2026