33 SECTION 2 KEY MESSAGES INTEGRATED ANNUAL REPORT 2025 SCALE & INSTALLED BASE • Market leader in steam turbine generator systems for the agriculture sector. • Supplied more than 1,800 steam turbines across the region, with a combined installed capacity exceeding 2.7 GW. • Delivered over 300 steam energy systems, including biomass boilers, gas-fired boilers and HRSG. • More than 150 Empty Fruit Bunch (“EFB”) 2-in-1 presses installed with five regional service hubs. SOLUTIONS PORTFOLIO • Biomass and gas-fired boilers, HRSG and steam turbines. • Biomass power and cogeneration systems. • Palm oil milling equipment. FINANCIAL & STRATEGIC ROLE • Strong RM241.3 million order backlog indicating robust demand for decarbonisation solutions. • Recognised as a regional leader in biomass energy solutions. Key Priorities Initiatives Achievements • Accelerate regional biomass and industrial decarbonisation adoption. • Grow after-sales and service ecosystem. • Expansion of biomass steam energy solutions and regional footprint. • Large installed turbine base and dominant market share in the agriculture sector. • Listing on the Main Market of Bursa Malaysia to support capital raising for growth and energy transition projects. • 2.5 million LTI-free man-hours recorded, up 100% from 2024. Challenges & Risks • Biomass feedstock economics. • Policy support and renewable energy incentives. OUTLOOK • Structural growth from industrial decarbonisation and accelerate waste-to-energy adoption. • Positioned as Wasco’s long-term energy transition growth engine. BUSINESS REVIEW
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