The theme “Raising the Bar” reflects our ongoing journey towards greater achievements in sustainability, operational excellence, and leadership. It highlights the tangible results of our initiatives, showing how the steps we took last year have translated into measurable progress. We are not just adapting to change—we are leading it and setting new benchmarks for ourselves and the industry. The cover of our Integrated Annual Report this year features a dynamic illustration that embodies the spirit of our 2024 theme. The layered structure, formed by vibrant silhouettes of people in action, represents the collective strength, collaboration, and dedication of our workforce. As the figures ascend, they symbolise growth, progress, and the continuous pursuit of excellence, with each level building on the solid foundation of our past achievements. The integration of industrial, renewable energy, and natural elements encapsulates our dedication to sustainability, innovation, and leadership in the evolving energy landscape. This visual narrative captures how we are not just adapting to change but actively driving it—setting higher standards for ourselves, our industry, and the future. This embodies our commitment to exceeding expectations, pushing boundaries, and delivering outstanding performance across all operations. It marks our proactive role in driving change, with a strong focus on sustainability, collaboration, and creating lasting value. RAISING THE BAR 4 Who We Are 6 Where We Operate + What We Do 8 Corporate Information 10 2024 Key Performance Highlights Overview of Wasco Berhad Key Messages 12 Chairman and Managing Director/ Group Chief Executive Officer’s Statement 18 Chief Financial Officer’s Review 24 Financial Highlights 26 Value Creation Model 33 Key Market Trends 36 Strategic Roadmap & Progress 39 Key Risk and Mitigation Strategies Value Creation This report and additional information on Wasco Berhad are available online at our corporate website, www.wascoenergy.com. Online Version
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