35 LEADERSHIP MESSAGES | FINANCIAL REVIEW FYE 2024 RM million FYE 2023 RM million Change RM million % Extract from Consolidated Statements of Financial Position Total assets 28,692 19,259 9,433 49.0% Current assets 4,782 3,515 1,267 36.0% Money market investments - 153 (153) -100.0% Cash and bank balances 3,063 1,507 1,556 103.3% Total liabilities 20,715 12,801 7,914 61.8% Current liabilities 4,575 3,590 985 27.4% Loans and borrowings 16,319 9,584 6,735 70.3% Non-recourse project financing loans 4,231 3,922 309 7.9% Total equity 7,977 6,458 1,519 23.5% Extract from Consolidated Statements of Cash Flows Net cash flows used in operating activities (2,833) (1,225) (1,608) 131.3% Net cash flows used in investing activities (241) (1,041) 800 76.8% Net cash flows generated from financing activities 4,436 781 3,655 468.0% FYE 2024 FYE 2023 Change % Financial Indicators Return on equity 14.3% 9.1% 5.2% 57.1% Current ratio (times) 1.05 0.98 0.07 7.1% Gross gearing ratio (times) 2.05 1.48 0.57 38.5% - Excluding non-recourse project financing loans 1.52 0.88 0.64 72.7% Net gearing ratio (times) 1.66 1.23 0.43 35.0% - Excluding non-recourse project financing loans 1.13 0.62 0.51 82.3% Net debt/EBITDA ratio (times) 4.43 4.45 -0.02 -0.5% Q1 FYE 2024 RM million Q2 FYE 2024 RM million Q3 FYE 2024 RM million Q4 FYE 2024 RM million Snapshot of quarterly announced results for FYE 2024 Revenue 3,018 3,113 2,813 2,702 Cost of sales 2,395 2,354 2,123 1,787 Gross profit 623 759 690 915 EBITDA* 579 726 677 1,011 Profit before tax 296 449 353 597 Profit after tax 194 275 278 395 Core profit after tax 208 282 298 321 * Earnings Before Interest, Tax, Depreciation and Amortisation.
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