19 SECTION 2 KEY MESSAGES INTEGRATED ANNUAL REPORT 2025 “ ” CHAIRMAN AND MANAGING DIRECTOR/ GROUP CHIEF EXECUTIVE OFFICER’S STATEMENT Unlocking Potential: Powered by Partnership, Driven by Purpose 2025 marked a year where the capabilities that Wasco has steadily built continue to unlock greater value, strengthening our role in supporting critical energy infrastructure while delivering sustainable and consistent returns to our shareholders. In this environment, the world does not simply require new sources of energy – it requires more infrastructure to deliver that energy safely, reliably, and sustainably. Companies that are capable of delivering complex energy infrastructure, therefore, play an increasingly important role in enabling both energy security and the transition towards lower-emission energy systems. For Wasco, this evolving landscape reinforces the relevance of what we have been steadily building over many years – capabilities that enable the Group to support energy infrastructure developments across geographies while remaining anchored in execution strength, financial discipline, and long-term shareholder value. At the heart of these capabilities are our people. Across our operations and project sites around the world, their experience, discipline, and commitment continue to be the foundation of what we deliver as a Group. Our focus remains clear: to build sustainably, to operate with discipline, and to ensure our shareholders benefit from that progress. DELIVERING SUSTAINABLE VALUE TO OUR SHAREHOLDERS Despite expanding across geographies and participating in increasingly transition-linked projects, our commitment to financial prudence remains unchanged. Growth must go hand in hand with capital stewardship. For the financial year ended 31 December 2025, Wasco recorded revenue of RM2.6 billion and Profit After Tax And Minority Interests (”PATMI”) of RM160.5 million, the best results ever for our Group, supported by steady execution across our businesses and a resilient order book of RM2.8 billion. The Board declared total single-tier dividends of 7 sen per share during the financial year. This reflects the Group’s commitment to delivering consistent shareholder returns, while maintaining the financial flexibility needed to support long-term growth. Maintaining this financial resilience enables Wasco to continue investing for the future while ensuring our shareholders participate in the value created. For a detailed financial performance review, please refer to the Chief Financial Officer’s Review on pages 22 to 25. CAPABILITIES BUILT FOR GLOBAL ENERGY INFRASTRUCTURE Over the past decade, Wasco has steadily built engineering, fabrication, and specialised energy infrastructure capabilities, expanding its operational footprint across Asia and, more recently, the Middle East. This growing footprint enables the Group to support complex energy infrastructure developments across multiple regions while maintaining consistent operational standards and technical expertise. A key milestone in this journey has been the continued strengthening of our fabrication platform in Batam, Indonesia, which has evolved into the Group’s EPC hub supporting modular energy infrastructure delivery. Today, the facility spans approximately 38.0 hectares, with a fabrication capacity of around 75,000 metric tonnes annually, enabling Wasco to deliver increasingly complex process modules, E-houses, and critical energy infrastructure components.
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