Operating Segments

6 Months Ended

Dec. 31, 2025

21. OPERATING SEGMENTS

The Group’s businesses are organised into business units based on their products and services provided. The performance of each segment is measured based on the internal management report reviewed by Chief Operating Decision Maker. The Group business segments as follow:

(a)

Internet of Things (“IoT”)

(b)

Investment holding and others

Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment.

Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. The inter-segment transactions have been entered into at arms-length with terms mutually agreed between the segments and have been eliminated to arrive at the Group’s results.

(a)

Business segments

The following table provides an analysis of the Group’s revenue, results, assets, liabilities and other information by business segment:

As of December 31, 2025

	IoT			Investment holding and others			Total
	RM			RM			RM
Assets
Segment assets		176,820,095			39,868,177			216,688,272
Current tax asset		17,710			20,056			37,766
Total assets		176,837,805			39,888,233			216,726,038

Liabilities
Segment liabilities		35,243,702			182,845			35,426,547
Deferred tax liabilities and current tax liabilities		6,868,568			1,474			6,870,042
Total liabilities		42,112,270			184,319			42,296,589

Additions to non-current assets:
Property, plant and equipment		-			-			-

Six Months Ended December 31, 2025
Revenue
Total revenue		150,400,000			-			150,400,000
Inter-segment revenue		-			-			-
Revenue from external parties		150,400,000			-			150,400,000

Results
(Loss)/profit before interest, depreciation, impairment and tax		(816,281	)		675,179			(141,102	)
Depreciation of:
- property, plant and equipment		(10,588,918	)		-			(10,588,918	)
- right-of-use assets		(62,745	)		-			(62,745	)
Amortisation of intangible asset		(3,936,886	)		-			(3,936,886	)
Finance income, net		70,576			384,514			455,090
(Loss)/profit before tax		(15,334,254	)		1,059,693			(14,274,561	)
Tax expense		(399,085	)		(4,185	)		(403,270	)
(Loss)/profit for the financial period		(15,733,339	)		1,055,508			(14,677,831	)

As of June 30, 2025
	IoT			Investment holding and others			Total
	RM			RM			RM
Assets
Segment assets		177,364,056			29,047,553			206,411,609
Current tax asset		17,710			14,234			31,944
Total assets		177,381,766			29,061,787			206,443,553

Liabilities
Segment liabilities		9,335,738			429,286			9,765,024
Deferred tax liabilities and current tax liabilities		6,471,342			14			6,471,356
Total liabilities		15,807,080			429,300			16,236,380

Revenue
Total revenue		197,320,000			-			197,320,000
- Inter-segment revenue		-			-			-
Revenue from external parties		197,320,000			-			197,320,000

Results
Profit/(loss) before interest, depreciation, impairment and tax		3,861,297			(2,861,372	)		999,925
Depreciation of:
- property, plant and equipment		(28,308,000	)		-			(28,308,000	)
- right-of-use assets		(124,572	)		-			(124,572	)
Amortisation of intangible assets		(18,931,458	)		-			(18,931,458	)
Impairment loss on deposits		(4,000,000	)		-			(4,000,000	)
Impairment loss on intangible assets		(8,044,989	)		-			(8,044,989	)
Impairment loss on goodwill		(7,734,427	)		-			(7,734,427	)
Impairment loss on property, plant and equipment		(6,962,010	)		-			(6,962,010	)
Reversal of impairment of trade receivable		94,000			-			94,000
Waiver of debts		(306,900	)		260,865			(46,035	)
Finance income, net		20,487			932,707			953,194
Loss before tax		(70,436,572	)		(1,667,800	)		(72,104,372	)
Tax expense		748,648			(14,095	)		734,553
Loss for the financial year		(69,687,924	)		(1,681,895	)		(71,369,819	)

(b)

Geographical segments

The Group operates predominantly in Malaysia and revenue from overseas is insignificant. Accordingly, the information by geographical segment is not presented.