Oiltek HQU

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Financials

OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025

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11 tables

Consolidated Statement of Comprehensive Income (Group)

16 metrics

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Consolidated Statement of Comprehensive Income (Group) from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Income statement
RevenueRM'000 211,428230,292 PDF p. 77
Cost of salesRM'000 (142,693)(175,198) PDF p. 77
Gross profitRM'000 68,73555,094 PDF p. 77
Other income
- InterestRM'000 3,2633,206 PDF p. 77
- OthersRM'000 –181 PDF p. 77
Income statement
Other (losses)/gains - netRM'000 (8,228)2,613 PDF p. 77
Expenses
- Administrative and othersRM'000 (21,480)(18,578) PDF p. 77
Income statement
Profit before income taxRM'000 42,78639,526 PDF p. 77
Income tax expenseRM'000 (10,811)(9,883) PDF p. 77
Profit after income taxRM'000 31,97529,643 PDF p. 77
Profit attributable to
Equity holders of the CompanyRM'000 31,97529,643 PDF p. 77
Earnings per share
- Basic and diluted earnings per share (in sen)sen per share 7.456.91 PDF p. 77
Other comprehensive loss
Currency translation differences arising from consolidationRM'000 (930)(1,004) PDF p. 77
Other comprehensive lossRM'000 (930)(1,004) PDF p. 77
Total comprehensive income
Total comprehensive incomeRM'000 31,04528,639 PDF p. 77
Total comprehensive income attributable to
Equity holders of the CompanyRM'000 31,04528,639 PDF p. 77
Definitions & sources

Original report: PDF p. 77 ↗

Row 'Reversal of/(allowance for) impairment of trade receivables and contract assets' (note 7) wraps across lines: 496 (2025), (2,990) (2024); under Expenses.

The accompanying notes form an integral part of these financial statements.

Balance Sheets - Group

21 metrics

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Balance Sheets - Group from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Current assets
Cash and bank balancesRM'000 99,722106,143 PDF p. 78
Trade and other receivablesRM'000 27,55287,260 PDF p. 78
Contract assetsRM'000 53,49518,114 PDF p. 78
InventoriesRM'000 690939 PDF p. 78
SubtotalRM'000 181,459212,456 PDF p. 78
Non-current assets
Investments in subsidiariesRM'000 –– PDF p. 78
Property, plant and equipmentRM'000 3,3503,626 PDF p. 78
Deferred tax assetsRM'000 3,025443 PDF p. 78
SubtotalRM'000 6,3754,069 PDF p. 78
Assets
Total assetsRM'000 187,834216,525 PDF p. 78
Current liabilities
Trade and other payablesRM'000 52,06355,286 PDF p. 78
Contract liabilitiesRM'000 30,65672,939 PDF p. 78
Current income tax liabilitiesRM'000 5,2544,013 PDF p. 78
SubtotalRM'000 87,973132,238 PDF p. 78
Liabilities
Total liabilitiesRM'000 87,973132,238 PDF p. 78
Net assets
NET ASSETSRM'000 99,86184,287 PDF p. 78
Equity
Share capitalRM'000 98,56698,566 PDF p. 78
Merger reserveRM'000 (81,436)(81,436) PDF p. 78
Currency translation reserveRM'000 (206)724 PDF p. 78
Retained profitsRM'000 82,93766,433 PDF p. 78
Total equityRM'000 99,86184,287 PDF p. 78
Definitions & sources

Original report: PDF p. 78 ↗

Group columns of the Balance Sheets; Company columns are in the next table. Notes form an integral part of these financial statements.

Balance Sheets - Company

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Balance Sheets - Company from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2025Company2024Company Source
Current assets
Cash and bank balancesRM'000 12,75913,730 PDF p. 78
Trade and other receivablesRM'000 10,3949,227 PDF p. 78
Contract assetsRM'000 –– PDF p. 78
InventoriesRM'000 –– PDF p. 78
SubtotalRM'000 23,15322,957 PDF p. 78
Non-current assets
Investments in subsidiariesRM'000 88,46092,002 PDF p. 78
Property, plant and equipmentRM'000 –– PDF p. 78
Deferred tax assetsRM'000 –– PDF p. 78
SubtotalRM'000 88,46092,002 PDF p. 78
Assets
Total assetsRM'000 111,613114,959 PDF p. 78
Current liabilities
Trade and other payablesRM'000 502475 PDF p. 78
Contract liabilitiesRM'000 –– PDF p. 78
Current income tax liabilitiesRM'000 1225 PDF p. 78
SubtotalRM'000 514500 PDF p. 78
Liabilities
Total liabilitiesRM'000 514500 PDF p. 78
Net assets
NET ASSETSRM'000 111,099114,459 PDF p. 78
Equity
Share capitalRM'000 98,56698,566 PDF p. 78
Merger reserveRM'000 –– PDF p. 78
Currency translation reserveRM'000 1,9086,286 PDF p. 78
Retained profitsRM'000 10,6259,607 PDF p. 78
Total equityRM'000 111,099114,459 PDF p. 78
Definitions & sources

Original report: PDF p. 78 ↗

Company columns of the Balance Sheets; quotes are full printed rows including Group columns.

Consolidated Statement of Comprehensive Income (Group)

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Consolidated Statement of Comprehensive Income (Group) from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Income statement
RevenueRM'000 211,428230,292 PDF p. 77
Cost of salesRM'000 (142,693)(175,198) PDF p. 77
Gross profitRM'000 68,73555,094 PDF p. 77
Other income
- InterestRM'000 3,2633,206 PDF p. 77
- OthersRM'000 –181 PDF p. 77
Income statement
Other (losses)/gains - netRM'000 (8,228)2,613 PDF p. 77
Profit before income taxRM'000 42,78639,526 PDF p. 77
Income tax expenseRM'000 (10,811)(9,883) PDF p. 77
Profit after income taxRM'000 31,97529,643 PDF p. 77
Profit attributable to
Equity holders of the CompanyRM'000 31,97529,643 PDF p. 77
Other comprehensive loss
Currency translation differences arising from consolidationRM'000 (930)(1,004) PDF p. 77
Other comprehensive lossRM'000 (930)(1,004) PDF p. 77
Definitions & sources

Original report: PDF p. 77 ↗

For the financial year ended 31 December 2025. Basic and diluted EPS in sen.

Consolidated Statement of Cash Flows (Group)

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Consolidated Statement of Cash Flows (Group) from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Operating activities
Profit after income taxRM'000 31,97529,643 PDF p. 81
Operating activities - adjustments
- Income tax expenseRM'000 10,8119,883 PDF p. 81
- Depreciation of property, plant and equipmentRM'000 359353 PDF p. 81
- Property, plant and equipment written offRM'000 –1 PDF p. 81
- Interest incomeRM'000 (3,263)(3,206) PDF p. 81
- Gain on disposal of property, plant and equipmentRM'000 –(102) PDF p. 81
- Unrealised translation lossRM'000 3,992948 PDF p. 81
Changes in working capital
- Trade and other receivablesRM'000 59,727(60,445) PDF p. 81
- InventoriesRM'000 249(366) PDF p. 81
- Contract assets and liabilitiesRM'000 (77,664)(2,697) PDF p. 81
- Trade and other payablesRM'000 (3,223)18,479 PDF p. 81
Operating activities
Cash generated from/(used in) operationsRM'000 22,963(7,509) PDF p. 81
Interest receivedRM'000 3,2443,253 PDF p. 81
Income tax paidRM'000 (12,151)(7,425) PDF p. 81
Net cash provided by/(used in) operating activitiesRM'000 14,056(11,681) PDF p. 81
Investing activities
Purchase of property, plant and equipmentRM'000 (83)(687) PDF p. 81
Proceed from disposal of property, plant and equipmentRM'000 –102 PDF p. 81
Net cash used in investing activitiesRM'000 (83)(585) PDF p. 81
Financing activity
Dividends paidRM'000 (15,471)(12,096) PDF p. 81
Net cash used in financing activityRM'000 (15,471)(12,096) PDF p. 81
Cash reconciliation
Net change in cash and bank balancesRM'000 (1,498)(24,362) PDF p. 81
Beginning of financial yearRM'000 106,143132,460 PDF p. 81
Effect of currency translation on cash and bank balancesRM'000 (4,923)(1,955) PDF p. 81
End of financial yearRM'000 99,722106,143 PDF p. 81
Definitions & sources

Original report: PDF p. 81 ↗

For the financial year ended 31 December 2025.

Consolidated Statement of Changes in Equity - Group, FY2025

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Consolidated Statement of Changes in Equity - Group, FY2025 from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2025Group Share capital2025Group Merger reserve2025Group Currency translation reserve2025Group Retained profits2025Group Total Source
Group
Balance at 1 January 2025RM'000 98,566(81,436)72466,43384,287 PDF p. 79
Profit for the financial yearRM'000 –––31,97531,975 PDF p. 79
Other comprehensive loss for the financial yearRM'000 ––(930)–(930) PDF p. 79
Total comprehensive income for the financial yearRM'000 ––(930)31,97531,045 PDF p. 79
Transactions with owners, recognised directly in equity – dividendRM'000 –––(15,471)(15,471) PDF p. 79
Balance at 31 December 2025RM'000 98,566(81,436)(206)82,93799,861 PDF p. 79
Definitions & sources

Original report: PDF p. 79 ↗

Attributable to equity holders of the Company; no non-controlling interests presented. Dividend note 21.

Consolidated Statement of Changes in Equity - Group, FY2024

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Consolidated Statement of Changes in Equity - Group, FY2024 from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2024Group Share capital2024Group Merger reserve2024Group Currency translation reserve2024Group Retained profits2024Group Total Source
Group
Balance at 1 January 2024RM'000 98,566(81,436)1,72848,88667,744 PDF p. 79
Profit for the financial yearRM'000 –––29,64329,643 PDF p. 79
Other comprehensive loss for the financial yearRM'000 ––(1,004)–(1,004) PDF p. 79
Total comprehensive income for the financial yearRM'000 ––(1,004)29,64328,639 PDF p. 79
Transactions with owners, recognised directly in equity – dividendRM'000 –––(12,096)(12,096) PDF p. 79
Balance at 31 December 2024RM'000 98,566(81,436)72466,43384,287 PDF p. 79
Definitions & sources

Original report: PDF p. 79 ↗

Attributable to equity holders of the Company.

Statement of Changes in Equity - Company, FY2025

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Statement of Changes in Equity - Company, FY2025 from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2025Company Share capital2025Company Currency translation reserve2025Company Retained profits2025Company Total Source
Company
Balance at 1 January 2025RM'000 98,5666,2869,607114,459 PDF p. 80
Profit for the financial yearRM'000 ––16,48916,489 PDF p. 80
Other comprehensive loss for the financial yearRM'000 –(4,378)–(4,378) PDF p. 80
Total comprehensive income for the financial yearRM'000 –(4,378)16,48912,111 PDF p. 80
Transactions with owners, recognised directly in equity – dividendRM'000 ––(15,471)(15,471) PDF p. 80
Balance at 31 December 2025RM'000 98,5661,90810,625111,099 PDF p. 80
Definitions & sources

Original report: PDF p. 80 ↗

Attributable to equity holders of the Company.

Statement of Changes in Equity - Company, FY2024

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Statement of Changes in Equity - Company, FY2024 from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2024Company Share capital2024Company Currency translation reserve2024Company Retained profits2024Company Total Source
Company
Balance at 1 January 2024RM'000 98,56613,1687,600119,334 PDF p. 80
Profit for the financial yearRM'000 ––14,10314,103 PDF p. 80
Other comprehensive loss for the financial yearRM'000 –(6,882)–(6,882) PDF p. 80
Total comprehensive income for the financial yearRM'000 –(6,882)14,1037,221 PDF p. 80
Transactions with owners, recognised directly in equity – dividendRM'000 ––(12,096)(12,096) PDF p. 80
Balance at 31 December 2024RM'000 98,5666,2869,607114,459 PDF p. 80
Definitions & sources

Original report: PDF p. 80 ↗

Attributable to equity holders of the Company.

Financial Highlights - Balance Sheet (five-year)

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Financial Highlights - Balance Sheet (five-year) from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2021Group FY20212022Group FY20222023Group FY20232024Group FY20242025Group FY2025 Source
Balance Sheet
Cash And Bank BalancesRM'000 42,89667,360132,460106,14399,722 PDF p. 15
Total AssetsRM'000 82,239122,472185,233216,525187,834 PDF p. 15
Total LiabilitiesRM'000 47,87668,993117,489132,23887,973 PDF p. 15
Total Equity / Net AssetsRM'000 34,36353,47967,74484,28799,861 PDF p. 15
Definitions & sources

Original report: PDF p. 15 ↗

Note 10 Earnings per share (Group)

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Note 10 Earnings per share (Group) from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025
Metric / unit 2025Group 20252024Group 2024 Source
Earnings per share
Net profit attributable to equity holders of the Company (RM’000)RM'000 31,97529,643 PDF p. 98
Weighted average number of ordinary shares outstanding for basic earnings per share (‘000)*'000 shares 429,000429,000 PDF p. 98
Definitions & sources

Original report: PDF p. 98 ↗

* Weighted average number of ordinary shares outstanding has been adjusted retrospectively for the effects of the bonus issue of 286,000,000 shares (Note 18).

(b) There is no dilution of earnings per share for the financial years ended 31 December 2025 and 2024 as there were no potential dilutive ordinary shares.

Where the money comes from

Segment information

By business

Analysis by Reportable Segment – Group 2025 (RM'000) 5 lines
Analysis by Reportable Segment – Group 2025 (RM'000) — Group
Item / unit 2025Edible & Non-Edible Oil Refinery2025Renewable Energy2025Product Sales and Trading2025Others2025Total Source
Revenue
ExternalRM'000 134,36761,71515,346–211,428 PDF p. 111
Cost of SalesRM'000 (78,334)(52,761)(11,598)–(142,693) PDF p. 111
Results
Segment resultsRM'000 42,8063,4421,862–48,110 PDF p. 111
Assets
Segment assetsRM'000 59,63316,5804,69083481,737 PDF p. 111
Liabilities
Segment liabilitiesRM'000 50,47020,7815,5145,95482,719 PDF p. 111
Notes

Rows with fewer values show only the printed cells (Others and Total columns, or Total only); blank cells not inferred.

Unallocated items comprise mainly other income, other gains - net, depreciation of property, plant and equipment, income tax expense, cash and bank balances, property, plant and equipment, current income tax receivables/liabilities and deferred tax assets.

Analysis by Reportable Segment – Group 2024 (RM'000) 5 lines
Analysis by Reportable Segment – Group 2024 (RM'000) — Group
Item / unit 2024Edible & Non-Edible Oil Refinery2024Renewable Energy2024Product Sales and Trading2024Others2024Total Source
Revenue
ExternalRM'000 193,86817,64718,777–230,292 PDF p. 112
Cost of SalesRM'000 (145,232)(15,554)(14,412)–(175,198) PDF p. 112
Results
Segment resultsRM'000 31,0882542,537–33,879 PDF p. 112
Assets
Segment assetsRM'000 85,69216,9343,60285106,313 PDF p. 112
Liabilities
Segment liabilitiesRM'000 103,87116,1113,0325,211128,225 PDF p. 112
Notes

In the 2024 table, the other income, other gains, depreciation, profit, tax and unallocated rows print a single value (in the Total column position); column not inferred.

Information about major customers – Revenue (RM'000) 4 lines
Information about major customers – Revenue (RM'000) — Group
Item / unit 2025Revenue2024Revenue Source
All common control companies of
Customer ARM'000 54,148– PDF p. 113
Customer BRM'000 43,54052,187 PDF p. 113
Customer CRM'000 26,208– PDF p. 113
Customer DRM'000 –23,122 PDF p. 113
Notes

*The customer does not fall within the revenue equal or more than 10% of the Group’s total revenue during the financial year.

Revenue of approximately 59% (2024: 33%) are derived from three (2024: two) major customers. These revenues are mainly attributable by the Edible and Non-Edible Oil Refinery and Renewable Energy segments.

By geography

Geographical Information – Total revenue (RM'000) 19 lines
Geographical Information – Total revenue (RM'000) — Group
Item / unit 2025Total revenue2024Total revenue Source
Asia
- IndonesiaRM'000 84,972123,820 PDF p. 113
- MalaysiaRM'000 95,76072,228 PDF p. 113
- MyanmarRM'000 56146 PDF p. 113
- PakistanRM'000 4,143963 PDF p. 113
- PhilippinesRM'000 531,210 PDF p. 113
- South KoreaRM'000 –1,877 PDF p. 113
- ThailandRM'000 1,433795 PDF p. 113
- OthersRM'000 5611 PDF p. 113
Asia subtotalRM'000 186,978200,950 PDF p. 113
America
America:RM'000 14,3225,261 PDF p. 113
Africa
- AlgeriaRM'000 –206 PDF p. 113
- BeninRM'000 1,07314,512 PDF p. 113
- KenyaRM'000 8,2592,635 PDF p. 113
- NigeriaRM'000 163185 PDF p. 113
- Republic of the CongoRM'000 5416,437 PDF p. 113
- ZambiaRM'000 –89 PDF p. 113
- OthersRM'000 9217 PDF p. 113
Africa subtotalRM'000 10,12824,081 PDF p. 113
Total
Total revenueRM'000 211,428230,292 PDF p. 113
Notes

Subtotal and total rows have no printed label; descriptive labels used. The Group's non-current assets comprise mainly property, plant and equipment and are located in Malaysia. Accordingly, no geographical analysis for non-current assets is presented.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend policy The Company does not have a fixed dividend policy. Company PDF p. 66
Proposed Dividend intention the Directors intend to recommend and distribute dividends of not less than 40.0% of the net profit of the Group attributable to the Shareholders of the Company for FY2025 Group, FY2025 PDF p. 66

Dividends declared and proposed

ItemValuePeriod / scopeSource
Final dividend FY2025 0.70 Singapore cents per share FY2025 final, proposed, tax-exempt one-tier, subject to AGM approval PDF p. 67
Interim dividend FY2025 0.50 Singapore cents per share FY2025 interim, paid September 2025 PDF p. 67
Total dividend FY2025 1.20 Singapore cents per share FY2025 total PDF p. 67
Total dividend FY2024 2.7 Singapore cents per share FY2024 total, as originally declared (pre-bonus issue) PDF p. 7
Interim dividend FY2024 SGD0.009 FY2024 interim, paid prior to bonus issue PDF p. 104
Final dividend FY2024 SGD0.018 FY2024 final, paid in 2025 prior to bonus issue PDF p. 104

Payout

ItemValuePeriod / scopeSource
Payout ratio FY2025 52.5% FY2025 total dividend as share of Group net profit attributable to Shareholders PDF p. 67

Extracted from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Audit firm PricewaterhouseCoopers LLP Group and Company, FY2025 PDF p. 76
Engagement partner Koh Hongzhuang Group and Company, FY2025 PDF p. 76
Our Opinion In our opinion, the accompanying consolidated financial statements of Oiltek International Limited (“the Company”) Group and Company, FY2025 PDF p. 73

Key audit matters

ItemValuePeriod / scopeSource
Key Audit Matter Accounting for engineering contracts Group, FY2025 PDF p. 74
Accounting for engineering contracts The Group measures project progress Group, FY2025 PDF p. 74

Extracted from OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow OILTEK INTERNATIONAL LIMITED ANNUAL REPORT 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.