206 WASCO BERHAD SECTION 6 FINANCIAL STATEMENTS DIRECTORS’ REPORT The Directors hereby submit their report and the audited financial statements of the Group and of the Company for the financial year ended 31 December 2025. PRINCIPAL ACTIVITIES The principal activity of the Company is investment holding. The principal activities of the Group consist of specialised pipe coating and corrosion protection services; Engineering, Procurement and Construction (“EPC”) of gas compressors and process equipment and provision of bioenergy services. See Notes 8 and 40 to the financial statements for further details. There have been no significant changes in the nature of these activities during the financial year. FINANCIAL RESULTS Group RM’000 Company RM’000 Net profit/(loss) for the financial year attributable to: - Owners of the Company 160,540 44,157 - Non-controlling interests (2,212) - Net profit for the financial year 158,328 44,157 DIVIDENDS In respect of financial year ended 31 December 2025: On 28 August 2025, the Directors declared a first interim single-tier cash dividend of 3.00 sen per share amounting to approximately RM23,229,000 for the financial year ended 31 December 2025. The entitlement date was on 22 September 2025 and was paid on 8 October 2025. On 25 February 2026, the Directors declared a total single-tier cash dividend of 4.00 sen per share amounting to approximately RM30,972,000 in respect of the financial year ended 31 December 2025, comprising of second interim single- tier cash dividend of 3.00 sen per share and a special single-tier cash dividend of 1.00 sen per share. The entitlement date was on 16 March 2026 and was paid on 2 April 2026. This dividend will be accounted for in equity as an appropriation of retained earnings in the financial year ending 31 December 2026. In respect of financial year ended 31 December 2024: On 28 February 2025, the Directors declared an interim single-tier cash dividend of 2.00 sen per share amounting to approximately RM15,486,000 for the financial year ended 31 December 2024. The entitlement date was on 20 March 2025 and was paid on 3 April 2025. This dividend was accounted for in equity as an appropriation of retained earnings in the financial year ended 31 December 2025. The Directors did not recommend the payment of any final dividend in respect of the financial year ended 31 December 2025 and 31 December 2024. RESERVES AND PROVISIONS There have been no material transfers to or from reserves and provisions during the financial year.
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