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Wasco Berhad Integrated Annual Report 2025

WASCO IAR 2025 1
INSIDE THIS REPORT 4
OVERVIEW OF WASCO BERHAD 4
ABOUT THIS REPORT 6
WHO WE ARE 8
WHERE WE OPERATE & WHAT WE DO 10
OUR COMPETITIVE STRENGTHS 12
CORPORATE INFORMATION 14
2025 KEY PERFORMANCE HIGHLIGHTS 16
2025 IN FOCUS 18
2025 KEY SIGNIFICANT EVENTS 21
KEY MESSAGES 22
CHAIRMAN AND MANAGING DIRECTOR/GROUP CHIEF EXECUTIVE OFFICER’S STATEMENT 22
CHIEF FINANCIAL OFFICER’S REVIEW 26
FINANCIAL HIGHLIGHTS 30
BUSINESS REVIEW 32
VALUE CREATION 38
VALUE CREATION MODEL 38
KEY MARKET TRENDS 46
STRATEGIC ROADMAP & PROGRESS 55
KEY RISK & MITIGATION 61
SUSTAINABILITY JOURNEY 66
CHIEF STRATEGY OFFICER'S STATEMENT 66
ABOUT THIS REPORT 69
SUSTAINABILITY ACROSS OUR OPERATIONS 71
STAKEHOLDER ENGAGEMENT 77
DOUBLE MATERIALITY 83
SUSTAINABILITY RISK MANAGEMENT 92
TARGETS AND PREFORMANCE SCORECARD 96
ECONOMIC 99
ENVIROMENTAL 101
SOCIAL 119
GOVERNANCE 128
ESG PERFORMANCE DATA 131
BURSA CSI PLATFORM TABLE 134
BURSA MALAYSIA SUSTAINABILITY REPORTING DATA (YEAR 2023 & 2024) 140
GRI CONTENT INDEX 142
INDEPENDENT LIMITED ASSURANCE REPORT 146
COMMITMENT TO GOVERNANCE 151
PROFILE OF BOARD OF DIRECTORS 151
PROFILE OF KEY SENIOR MANAGEMENT TEAM 159
AUDIT COMMITTEE 163
NOMINATION AND REMUNERATION COMMITTEE 168
BOARD SUSTAINABILITY COMMITTEE 174
CORPORATE GOVERNANCE OVERVIEW STATEMENT 179
ADDITIONAL COMPLIANCE INFORMATION 201
STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL 205
STATEMENT OF DIRECTORS’ RESPONSIBILITY 208
FINANCIL STATEMENTS 209
DIRECTORS REPORT 210
STATEMENT BY DIRECTORS 215
STATUTORY DECLARATION 215
INDEPENDENT AUDITORS REPORT 216
STATEMENT OF FINANCIAL POSITION 221
STATEMENT OF PROFIT OF LOSS 223
STATEMENT OF OTHER COMPREHENSIVE INCOME 224
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 225
COMPANY STATEMENT OF CHANGES IN EQUITY 227
STATEMENT OF CASH FLOWS 228
NOTES TO FINANCIAL STATEMENT 231
OTHER INFORMATION 331
SUMMARY OF SIGNIFICANT RECURRENT RELATED PARTY TRANSACTION 331
TOP 10 LIST OF PROPERTIES 332
ANALYSIS OF SHAREHOLDINGS 334
NOTICE OF TWENTY-SIXTH ANNUAL GENERAL MEETING 338
STATEMENT ACCOMPANYING NOTICE OF TWENTY-SIXTH ANNUAL GENERAL MEETING 344
PROXY FORM 347
BACK COVER 350

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