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VERSATILE CREATIVE BERHAD — Interim / Quarterly Report 2026
May 28, 2026
71837_rns_2026-05-28_b0fcb0c9-31d8-4258-98a5-9355fa6d1732.pdf
Interim / Quarterly Report
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VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME FOR THE QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
| Note | Individual Financial Quarter Ended | Cumulative Financial Quarter Ended | |||
|---|---|---|---|---|---|
| 31/03/2026 RM '000 | 31/03/2025 RM '000 | 31/03/2026 RM '000 | 31/03/2025 RM '000 | ||
| Revenue | B1 | 128,901 | 103,167 | 453,549 | 375,477 |
| Cost of sales | (98,612) | (85,224) | (352,096) | (305,303) | |
| Gross profit | 30,289 | 17,943 | 101,453 | 70,174 | |
| Other income | 1,568 | 3,728 | 3,681 | 12,352 | |
| Distribution expenses | (875) | (650) | (2,814) | (2,497) | |
| Administrative expenses | (24,335) | (16,810) | (81,498) | (60,278) | |
| Net impairment on financial assets | 85 | (125) | 1,649 | 7 | |
| Profit before interest and taxation | B1 | 6,732 | 4,086 | 22,471 | 19,758 |
| Interest income | 319 | 249 | 1,168 | 950 | |
| Interest expenses | (436) | (214) | (1,298) | (980) | |
| Profit before taxation | 6,615 | 4,121 | 22,341 | 19,728 | |
| Taxation | B5 | (2,478) | 316 | (6,901) | (6,131) |
| Profit after taxation | 4,137 | 4,437 | 15,440 | 13,597 | |
| Other comprehensive income | |||||
| Revaluation of leasehold land and building | 825 | 2,184 | 825 | 2,184 | |
| Total comprehensive income for the financial year | 4,962 | 6,621 | 16,265 | 15,781 | |
| Profit attributable to: | |||||
| Equity Holders of the Parent | 2,433 | 2,116 | 7,775 | 7,579 | |
| Non-controlling interest | 1,704 | 2,321 | 7,665 | 6,018 | |
| 4,137 | 4,437 | 15,440 | 13,597 | ||
| Total comprehensive income attributable to: | |||||
| Equity Holders of the Parent | 3,258 | 4,300 | 8,600 | 9,763 | |
| Non-controlling interest | 1,704 | 2,321 | 7,665 | 6,018 | |
| Total comprehensive income for the financial period | 4,962 | 6,621 | 16,265 | 15,781 | |
| Attributable to Owners of the Company:- | |||||
| Earning per share - Basic (sen) | |||||
| -Basic | B10 | 0.87 | 0.76 | 2.78 | 2.71 |
| -Diluted | B10 | 0.73 | 0.70 | 2.44 | 2.52 |
Page 1 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026
| | Note | As at
31/03/2026
(Unaudited) | As at
31/03/2025
(Audited) |
| --- | --- | --- | --- |
| | | RM'000 | RM'000 |
| ASSETS | | | |
| Non-Current Assets | | | |
| Property, Plant and Equipment | | 80,031 | 48,866 |
| Right-of-use assets | | 48,451 | 39,759 |
| | | 128,482 | 88,625 |
| Current Assets | | | |
| Inventories | | 49,625 | 40,173 |
| Trade and other receivables | | 24,942 | 20,850 |
| Prepayment | | 1,792 | 978 |
| Tax Recoverable | | 119 | 130 |
| Cash and cash equivalents | | 49,247 | 37,137 |
| | | 125,725 | 99,268 |
| Total Assets | | 254,207 | 187,893 |
Page 2 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026 (Continued)
| | Note | As at
31/03/2026
(Unaudited) | As at
31/03/2025
(Audited) |
| --- | --- | --- | --- |
| | | RM'000 | RM'000 |
| EQUITY AND LIABILITIES | | | |
| EQUITY | | | |
| Share Capital | | 105,886 | 105,886 |
| Reserve | | 21,945 | 21,551 |
| Accumulated Losses | | (31,327) | (39,533) |
| Non-Controlling Interest | | 27,751 | 20,086 |
| Total Equity | | 124,255 | 107,990 |
| LIABILITIES | | | |
| Non-Current Liabilities | | | |
| Lease liabilities | | 12,483 | 5,761 |
| Provision | | 3,506 | 2,539 |
| Loan and Borrowings | B8 | 21,642 | 2,250 |
| Other Payables | | 6,305 | - |
| Deferred Tax Liabilities | | 8,272 | 8,697 |
| | | 52,208 | 19,247 |
| Current Liabilities | | | |
| Trade and other payables | | 55,901 | 43,452 |
| Loan and Borrowings | B8 | 9,450 | 6,697 |
| Lease liabilities | | 10,482 | 8,535 |
| Tax Payable | | 1,911 | 1,972 |
| | | 77,744 | 60,656 |
| Total Liabilities | | 129,952 | 79,903 |
| Total Equity and Liabilities | | 254,207 | 187,893 |
| Net Assets per share (RM) | | 0.44 | 0.39 |
Page 3 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER
ENDED 31 MARCH 2026
Period ended 31 March 2026 (Unaudited)
| At 01 April 2025 | 105,886 | 21,551 | (39,533) | 87,904 | 20,086 | 107,990 |
|---|---|---|---|---|---|---|
| Net profit for the financial year | - | - | 7,775 | 7,775 | 7,665 | 15,440 |
| Revaluation gain on land and building | - | 825 | - | 825 | - | 825 |
| Crystallisation of revaluation reserve | - | (431) | 431 | - | - | - |
| At 31 March 2026 | 105,886 | 21,945 | (31,327) | 96,504 | 27,751 | 124,255 |
Period ended 31 March 2025 (Audited)
| At 01 April 2024 | 105,886 | 19,797 | (47,542) | 78,141 | 3,077 | 81,218 |
|---|---|---|---|---|---|---|
| Net profit for the financial year | - | - | 7,579 | 7,579 | 6,018 | 13,597 |
| Revaluation gain on leasehold land and building | - | 2,184 | - | 2,184 | - | 2,184 |
| Crystallisation of revaluation reserve | - | (430) | 430 | - | - | - |
| Subscription of shares by non controlling interest | - | - | - | - | 10,991 | 10,991 |
| At 31 March 2025 | 105,886 | 21,551 | (39,533) | 87,904 | 20,086 | 107,990 |
(The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Audited Financial Statements for the year ended 31 March 2025)
Page 4 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE QUARTER ENDED 31 MARCH 2026
(The figures have not been audited)
| | 31/03/2026
RM'000 | 31/03/2025
RM'000 |
| --- | --- | --- |
| CASH FLOWS FROM OPERATING ACTIVITIES: | | |
| Profit before taxation | 22,341 | 19,728 |
| Adjustments for non-cash flow items: | | |
| Non-cash items | 18,805 | 15,630 |
| Non-operating items | 130 | 30 |
| Operating profit before working capital changes | 41,276 | 35,388 |
| Changes in working capital: | | |
| Inventories | (9,326) | (3,386) |
| Receivables | (4,687) | (985) |
| Payables | 19,721 | (12,969) |
| Cash from operations | 46,984 | 18,048 |
| Interest received | 379 | 273 |
| Tax (paid)/refund | (7,377) | (3,875) |
| Net cash from operating activities | 39,986 | 14,446 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | |
| Purchase of property, plant and equipment | (39,081) | (7,394) |
| Proceeds from disposal of property, plant and equipment | 185 | 196 |
| Interest received | 789 | 677 |
| Net cash used in investing activities | (38,107) | (6,521) |
Page 5 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE QUARTER ENDED 31 MARCH 2026 (Continued)
| | 31/03/2026
RM'000 | 31/03/2025
RM'000 |
| --- | --- | --- |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | |
| Interest paid | (1,298) | (981) |
| (Repayment)/Drawdown of borrowings | 22,145 | (303) |
| Repayment of lease liabilities | (10,616) | (7,910) |
| Advance from a Director | - | 343 |
| Net cash (used in)/ from financing activities | 10,231 | (8,851) |
| NET CHANGE IN CASH & CASH EQUIVALENTS | 12,110 | (926) |
| CASH & CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL PERIOD | 37,137 | 38,063 |
| CASH & CASH EQUIVALENTS AT END OF THE FINANCIAL PERIOD | 49,247 | 37,137 |
| Analysis of Cash & Cash Equivalents: | | |
| | RM'000 | RM'000 |
| Cash and bank balances | 38,312 | 26,597 |
| Fixed deposit placed with a licensed bank | 10,935 | 10,540 |
| Cash & Cash Equivalents | 49,247 | 37,137 |
(The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Audited Financial Statements for the year ended 31 March 2025)
Page 6 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
NOTES TO INTERIM FINANCIAL REPORT
A. DISCLOSURE REQUIREMENTS AS PER MFRS 134
1. Basis of Preparation
The condensed consolidated interim financial statements are unaudited and have been prepared in accordance with the MFRS 134 Interim Financial Reporting, paragraph 9.22 and Appendix 9B of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Malaysia”).
Adoption of New Standards/Amendments/Improvements to MFRSs
Significant accounting policies adopted by the Group in these interim financial statements are consistent with those of the audited financial statements for year ended 31 March 2025, except for adoption of the new and revised MFRSs and IC Interpretations approved by the Malaysian Accounting Standards Board and applicable for current financial year.
The initial application of the new and revised MFRSs and interpretations has no material impacts to these interim financial statements.
Standards Issued but Not Yet Effective
The new and amended standards that are issued, but not yet effective, up to the date of issuance of the Group’s and the Company’s financial statements are disclosed below. The Group and the Company intend to adopt these new and amended standards, if applicable, when they become effective in the respective financial period.
Effective for financial period beginning on or after 1 January 2026
- Amendments to MFRS 9 Financial Instruments and MFRS 7 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; and
- Annual Improvements to MFRS Accounting Standards — Volume 11.
Effective for financial period beginning on or after 1 January 2027
- MFRS 18 Presentation and Disclosure in Financial Statements; and
- MFRS 19 Subsidiaries without Public Accountability: Disclosures.
The initial application of the accounting standards, interpretations and amendments are not expected to have any material financial impacts to the current period and prior period financial statements of the Group and of the Company upon their first adoption.
Page 7 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
-
Audit Report Qualification and Status of Matters Raised
The annual audited financial statements of the Group for the year ended 31 March 2025 were not subject to any qualifications. -
Seasonal or Cyclical Nature of Operations
The Group operates in four main business segments which can be affected by seasonal and cyclical factors of operations. -
Unusual Items
There were no unusual items affecting assets, liabilities, equity, net income or cash flows for the current financial quarter under review. -
Changes in Estimates
There were no significant changes in the estimates which have a material effect for the current financial quarter under review. -
Valuation of Property, Plant and Equipment
Land and buildings have been brought forward, without amendment from the annual audited financial statements for the financial year ended 31 March 2025. -
Changes in Debt and Equity Securities
There were no issuance and repayment of debt and equity securities, share buy-backs, share cancellations, shares held as treasury shares or resale of treasury shares for the current financial quarter under review that have not been reflected in the quarterly financial report. -
Dividend Paid
There was no dividend paid during the current financial quarter under review. -
Material Events Subsequent to the End of the Reporting Period
There are no material events subsequent to the end of the reporting period that have not been reflected in the quarterly financial report. -
Changes in Contingent Liabilities
There were no contingent liabilities incurred or known to be incurred by the Group as at 31 March 2026. -
Provision for Warranties
There was no provision for warranties for the current financial quarter under review. -
Capital Commitments
There were no capital commitments as at 31 March 2026.
Page 8 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
13. Related Party Transactions
There were no significant related party transactions for the current financial quarter under review, save and except the following:
| Transacting company | Transacting Related Party | Nature of transaction | Value (RM) |
|---|---|---|---|
| Versatile Creative Plastic Sdn. Bhd. | NSK Trading Sdn. Bhd. (“NSKT”) and its subsidiaries (“NSK Group”) | Selling of disposable containers, cutlery and plastic products, where some of these products were processed using moulds owned by NSKT and a processing fee is charged to these certain products instead of a selling price | 370,576 |
| Versatile Paper Boxes Sdn. Bhd. (“VPB”) | NSK Group | Sale of paper disposable products | 132,939 |
| Versatile Creative Berhad (“VCB”) | VN Trading Sdn Bhd and its subsidiaries | Management fee payable to VCB in respect of shared services provided by VCB to VNTSB Group | 190,826 |
| VN Trading Sdn Bhd and its subsidiaries (“VNTSB Group”) | NSK Group | Sale and supply of grocery items by NSK Group to VNTSB Group | 24,947,519 |
| Sale and supply of grocery items by VNTSB Group to NSKT Group | 981,073 | ||
| Letting of property by VNTSB Group to NSK Group and renting of property from NSK Group | 91,436 | ||
| Winetopia Sdn Bhd (“WTSB”) | Yumm Seng Marketing Sdn. Bhd. (“YSM”) | Sale and supply of wine and liquor items by YSM to WTSB | 110,627 |
The above transactions are recurrent transactions of a revenue or trading nature and are at arm's length entered in the ordinary course of business on terms not more favorable to the related party than those generally available to the public.
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
14. Operating Segment
The Group’s operating segments for the financial period ended 31 March 2026 were as follows:
Segmental information for 12 months ended 31 March 2026
| Business Segment | Paper products RM'000 | Plastic products RM'000 | Colour Separation & Printing RM'000 | Grocery RM'000 | Others RM'000 | Elimination RM'000 | Consolidated RM'000 |
|---|---|---|---|---|---|---|---|
| Revenue from external customers | 26,856 | 6,212 | 607 | 419,874 | - | - | 453,549 |
| Inter-segment revenue | 41 | - | 32 | - | 1,548 | (1,621) | - |
| Total revenue | 26,897 | 6,212 | 639 | 419,874 | 1,548 | (1,621) | 453,549 |
| Operating results | 3,235 | (2,751) | 235 | 22,214 | (456) | (6) | 22,471 |
| Finance income | 1,168 | ||||||
| Finance cost | (1,298) | ||||||
| Profit before taxation | 22,341 | ||||||
| Taxation | (6,901) | ||||||
| Profit after taxation | 15,440 |
Segmental information for 12 months ended 31 March 2025
| Business Segment | Paper products RM'000 | Plastic products RM'000 | Colour Separation & Printing RM'000 | Grocery RM'000 | Others RM'000 | Elimination RM'000 | Consolidated RM'000 |
|---|---|---|---|---|---|---|---|
| Revenue from external customers | 30,456 | 8,503 | 643 | 335,875 | - | - | 375,477 |
| Inter-segment revenue | 18 | - | 25 | - | 1,073 | (1,116) | - |
| Total revenue | 30,474 | 8,503 | 668 | 335,875 | 1,073 | (1,116) | 375,477 |
| Operating results | 4,529 | (2,745) | 206 | 17,752 | (476) | 492 | 19,758 |
| Finance income | 950 | ||||||
| Finance cost | (980) | ||||||
| Profit before taxation | 19,728 | ||||||
| Taxation | (6,131) | ||||||
| Profit after taxation | 13,597 |
Page 10 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
15. Changes in the Composition of the Group
There were no changes in the composition of the Group during the current financial quarter under review.
16. Profit Before Taxation
The following items have been charged/(credited) in arriving at the profit before taxation:
| Individual Financial Quarter Ended | Cumulative Financial Quarter Ended | |||
|---|---|---|---|---|
| 31/03/2026 RM'000 | 31/03/2025 RM'000 | 31/03/2026 RM'000 | 31/03/2025 RM'000 | |
| The following items have been charged/(credited) in arriving profit before taxation: | ||||
| Depreciation of property, plant and equipment | 2,292 | 1,476 | 6,668 | 5,942 |
| Depreciation of right of use assets | 3,210 | 2,329 | 10,596 | 8,882 |
| Bad debt written off | - | - | 1,343 | 48 |
| Property, plant and equipment written-off | - | 495 | 1,394 | 495 |
| Inventories written down | (126) | (120) | (126) | (78) |
| Unrealised loss on foreign exchange | (17) | 12 | 87 | 44 |
| (Gain)/loss on disposal of property, plant and equipment | (1) | (62) | 495 | 308 |
| Gain on lease liabilities | - | - | (3) | (3) |
Page 11 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
B. Additional information required by the Bursa Malaysia’s Listing Requirements
1. Review of Current Quarter Performance
Revenue
| Q4 - FY'26 | Q4 - FY'25 | ||
|---|---|---|---|
| (Unaudited) | Variance | ||
| RM'000 | |||
| Segmental Revenue | |||
| Paper Products | 6,516 | 6,472 | 44 |
| Plastic Products | 1,587 | 2,126 | (539) |
| Colour Separation & Printing | 167 | 141 | 26 |
| Grocery | 120,631 | 94,428 | 26,203 |
| Group Revenue | 128,901 | 103,167 | 25,734 |
Total revenue of the Group increased by RM25.73 million to RM128.90 million as compared to RM103.17 million recorded in the previous year corresponding quarter as explained below:
a) The Paper Products Division’s revenue recorded a marginal increase by less than 1% compared to the previous year corresponding quarter. The increase was mainly due to higher sales to overseas customers, partially offset by the absence of orders from a major customer during the quarter, as well as softer demand from several other key customers.
b) The revenue of the Plastic Products Division decreased by 25.35% compared to the corresponding quarter of the previous year, primarily due to the downsizing of operations and the discontinuation of certain non-profitable products with negative margins as part of the Group’s rationalisation and cost optimisation efforts.
c) The Colour Separation & Printing Division recorded higher revenue in the current quarter due to higher demand from a major customer.
d) The Grocery Division recorded revenue of RM120.63 million, which is 27.75% higher compared to RM94.43 million in the previous year corresponding quarter. The increase in revenue was mainly driven by the opening of additional outlets.
Page 12 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
Profit Before Taxation
| Individual Quarter | |||
|---|---|---|---|
| Q4 - FY'26 | Q4 - FY'25 | ||
| (Unaudited) | Variance | ||
| RM'000 | |||
| Operating Results: | |||
| Paper Products | 521 | 352 | 169 |
| Plastic Products | 74 | (795) | 869 |
| Colour Separation & Printing | 79 | 27 | 52 |
| Grocery | 6,141 | 4,589 | 1,552 |
| Others | (83) | (87) | 4 |
| Operating Profit | 6,732 | 4,086 | 2,646 |
| Finance: | |||
| Finance Cost (net) | (117) | 35 | (152) |
| Segmental Profit Before Taxation | |||
| Group Profit Before Taxation | 6,615 | 4,121 | 2,494 |
The Group recorded a higher profit before taxation of RM6.62 million in Q4 FY26, compared against the Q4 FY25 of RM4.12 million as explained below:
a) The Paper Products Division’s operating profit increased to RM0.52 million in Q4 FY26 from RM0.35 million in Q4 FY25, driven by improved gross profit margin.
b) Despite lower sales during the quarter, the Plastic Products Division recorded an operating profit of RM0.07 million in Q4 FY26 compared to an operating loss of RM0.80 million in Q4 FY25, mainly driven by lower operating costs following the relocation exercise undertaken as part of cost optimisation efforts, as well as the absence of a RM0.49 million write-off of plant and equipment recorded in the previous year’s corresponding quarter.
c) The Colour Separation & Printing Division recorded higher operating profit of RM0.08 million in Q4 FY26, compared to RM0.03 million in Q4 FY25, due to higher sales and lower operating expenses during the current quarter.
d) Grocery Division recorded higher operating profit of RM6.14 million in Q4 FY26 compared to RM4.59 million in the corresponding quarter of the previous year, mainly due to increased sales generated from the outlets.
e) The Other Division comprises of investment activities and management services. Lower operating loss recorded due to lower administrative expenses.
Page 13 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
2. Variation of Results against Immediate Preceding Quarter
Revenue
| | Individual Quarter
Q4 - FY'26 Q3 - FY'26
(Unaudited) | | Variance |
| --- | --- | --- | --- |
| | RM'000 | | |
| Segmental Revenue | | | |
| Paper Products | 6,516 | 6,167 | 349 |
| Plastic Products | 1,587 | 1,747 | (160) |
| Colour Separation & Printing | 167 | 176 | (9) |
| Grocery | 120,631 | 103,980 | 16,651 |
| Group Revenue | 128,901 | 112,070 | 16,831 |
Total revenue for the Group increased by RM16.83 million to RM128.90 million in Q4 FY26, as compared to RM112.07 million in the preceding quarter, as explained below:
a) The Paper Products Division’s revenue increased by 5.66% compared to the previous quarter, mainly due to higher demand from the overseas customers.
b) The Plastic Products Division recorded a 9.16% decrease in revenue during the quarter compared to the previous quarter, attributable to lower demand from the existing customers.
c) The Colour Separation & Printing Division’s sales decreased as compared to the previous quarter due to lower demand from a customer in the current quarter.
d) The Grocery Division recorded higher revenue by 16.01% during the quarter compared to the previous quarter. The increase in revenue was mainly driven by the opening of additional outlet.
Page 14 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
Profit Before Taxation
| Individual Quarter | |||
|---|---|---|---|
| Q4 - FY'26 | Q3 - FY'26 | ||
| (Unaudited) | Variance | ||
| RM'000 | |||
| Operating Results: | |||
| Paper Products | 521 | 492 | 29 |
| Plastic Products | 74 | (25) | 99 |
| Colour Separation & Printing | 79 | 88 | (9) |
| Grocery | 6,141 | 5,480 | 661 |
| Others | (83) | (69) | (14) |
| Operating Profit/(loss) | 6,732 | 5,966 | 766 |
| Finance: | |||
| Finance Cost (net) | (117) | 21 | (138) |
| Segmental Profit Before Taxation | |||
| Group Profit Before Taxation | 6,615 | 5,987 | 628 |
The Group recorded profit before taxation of RM6.62 million in Q4 FY26, compared against the Q3 FY26 of RM5.99 million as explained below:
a) The Paper Products Division’s operating profit increased to RM0.52 million in Q4 FY26 from RM0.49 million in the immediate preceding quarter, mainly due to higher revenue.
b) Despite lower sales recorded during the quarter, the Plastic Products Division registered an operating profit of RM0.07 million in Q4 FY26 compared to operating loss of RM0.03 million in Q3 FY26. The improvement was mainly due to gross margin improvement.
c) The Colour Separation & Printing Division recorded lower operating profit of RM0.08 million in Q4 FY26, compared to RM0.09 million in the immediate preceding quarter in line with lower sales during the current quarter.
d) Grocery Division recorded a higher operating profit of RM6.14 million in Q4 FY26 compared to RM5.48 million in the immediate preceding quarter, mainly due to increased sales generated from the outlets.
e) The Other Division comprises investment activities and management services. The higher operating loss in the current quarter was mainly due to higher admin expenses recorded during the period.
Page 15 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
3. Outlook and Prospects
The Group is optimistic that the overall demand for paper and plastic packaging remains intact. The Group will focus on credit risk management, securing various supply sources to minimise supply chain disruption, continued innovations to maintain product quality and enhancing production efficiencies to mitigate against the increase in operating costs and uncontrollable external factors such as economic downturns.
The Plastic Division is currently facing significant challenges arising from disruptions in raw material supply and escalating material costs, mainly driven by the increase in crude oil prices following the US-Iran conflict. The situation has also affected global logistics and supply chain stability for petrochemical-based materials.
To mitigate these risks, the Group is actively sourcing alternative materials and expanding its supplier base to ensure a consistent and reliable supply to customers. At the same time, the Group will continue to implement necessary price adjustments and pass on the increased costs to customers where appropriate in order to safeguard the Group’s operational sustainability and profitability.
For the Grocery Division, the Board has the intention to open more outlets in the current financial year and the Board is optimistic that grocery division will provide a long-term growth prospect for the Group due to the constant demand for grocery products, which are essentials for every household.
4. Profit Forecast
This is not applicable.
5. Taxation
| Individual Financial Quarter Ended | Cumulative Financial Quarter Ended | |||
|---|---|---|---|---|
| 31/03/2026 RM’000 | 31/03/2025 RM’000 | 31/03/2026 RM’000 | 31/03/2025 RM’000 | |
| Taxation | ||||
| - in current quarter | 2,994 | (517) | 7,650 | 5,930 |
| - Under provision in prior year | (323) | 152 | (323) | 152 |
| Deferred taxation | ||||
| - in current quarter | (839) | (275) | (1,072) | (275) |
| - Under/(over) provision in prior year | 646 | 324 | 646 | 324 |
| 2,478 | (316) | 6,901 | 6,131 |
Page 16 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
6. Disposal of Quoted or Unquoted Investments or Properties
There has been no disposal of quoted and unquoted shares by the Group during the quarter under review.
7. Status of Corporate Exercise
There is no corporate exercise undertaken by the Company pending for completion.
8. Borrowings and Debts Securities
a) Total Group's loan and borrowing as at the reporting quarter were as follows:
| As at | As at | |
|---|---|---|
| 31/03/2026 | 31/03/2025 | |
| (Unaudited) | (Audited) | |
| RM'000 | RM'000 | |
| Current | ||
| Revolving Credit | 4,000 | 5,000 |
| Term loan | 4,002 | 1,000 |
| Banker Acceptance | 1,448 | 697 |
| 9,450 | 6,697 | |
| Non -Current | - | - |
| Term loan | 21,642 | 2,250 |
| 21,642 | 2,250 | |
| Total loan and borrowing | ||
| Revolving Credit | 4,000 | 5,000 |
| Term loan | 25,644 | 3,250 |
| Banker Acceptance | 1,448 | 697 |
| 31,092 | 8,947 |
b) The above borrowings are denominated in Ringgit Malaysia. There are no foreign currencies borrowings.
9. Dividend
The Board of Directors does not recommend any dividend for the current financial quarter under review.
Page 17 of 18
VERSATILE CREATIVE BERHAD
Registration No. 200301001350 (603770-D)
UNAUDITED INTERIM FINANCIAL REPORT
FOR THE FOURTH QUARTER ENDED 31 MARCH 2026
10. Earnings per share
(a) Basic earnings per share
The calculation of basic earnings per share for the financial period is based on the net earnings attributable to equity holders of the parent company and divided by the number of ordinary shares outstanding during the financial period.
| Individual Financial Quarter Ended | Cumulative Financial Quarter Ended | |||
|---|---|---|---|---|
| 31/03/2026 | 31/03/2025 | 31/03/2026 | 31/03/2025 | |
| Group's income attributable to owners of the parent company (RM'000) | 2,433 | 2,116 | 7,775 | 7,579 |
| Weighted average number of ordinary shares in issue ('000) | 280,099 | 280,099 | 280,099 | 280,099 |
| Basic earning per share (sen) | 0.87 | 0.76 | 2.78 | 2.71 |
(b) Diluted earnings per share
The calculation of diluted earnings per share was based on the profit attributable to ordinary shareholders and a weighted average number of ordinary shares that would have been in issue upon full exercise of the warrants, adjusted for the number of such shares that have been exercised.
| Individual Financial Quarter Ended | Cumulative Financial Quarter Ended | |||
|---|---|---|---|---|
| 31/03/2026 | 31/03/2025 | 31/03/2026 | 31/03/2025 | |
| Group's income attributable to owners of the parent company (RM'000) | 2,433 | 2,116 | 7,775 | 7,579 |
| Weighted average number of ordinary shares in issue ('000) | 280,099 | 280,099 | 280,099 | 280,099 |
| Effect of warrant outstanding | 53,321 | 20,503 | 37,986 | 20,503 |
| Diluted earning per share (sen) | 0.73 | 0.70 | 2.44 | 2.52 |