v3.25.2
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2024
MYR (RM)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
MYR (RM)
Cash flows from operating activities      
Profit before tax RM 6,345,785 $ 1,419,797 RM 5,110,267
Adjustments for:      
Finance costs 1,668,770 373,368 503,211
Commission fee for redeemable convertible preference shares 137,912
Loss on redeemable convertible preference shares redemption 704,900
Contribution by a shareholder 120,000
Other expenses 857 192
Depreciation charge of property, plant and equipment 89,117 19,939 47,055
Depreciation of right-of-use assets 480,114 107,420 236,272
Amortization of intangible assets 243,183 54,409 16,106
Credit loss on trade receivables 661,263 147,950 66,915
Changes in assets and liabilities      
Increase in trade receivables (21,819,002) (4,881,755) (13,855,955)
(Increase)/decrease in prepayments, deposits and other receivables 298,864 66,867 (509,268)
Increase in amounts due from related companies (40,619) (9,088) (800)
Decrease in development costs 2,151,248
Increase in other payables 863,278 193,149 105,021
(Decrease)/ increase in amounts due to related companies 678,900 151,896 (21,721)
Increase in trade payables 11,791,451 2,638,204 1,779,550
Income tax paid (320,690) (71,751)
Net cash (used in)/generated from operating activities 941,271 210,597 (3,409,287)
Cash flows from investing activities      
Payments for purchases of property, plant and equipment (97,550) (21,826) (217,284)
Payments for purchases of intangible assets-related parties (6,387,602) (1,429,154) (684,684)
Payments for purchases of intangible assets-third parties (335,476) (75,059) (1,021,986)
Advance to related parties (704,196)
Net cash used in investing activities (6,820,628) (1,526,039) (2,628,150)
Cash flows from financing activities      
Payment of IPO related costs (621,400) (139,031) (1,147,842)
Proceeds from capital injection from shareholders 820,000
Advances received from/(repayment to) a related party (37,431) (8,375) 1,042,409
Proceeds from/(repayment of) shareholder’s loan (70,925) (15,869) 1,363,000
Proceeds from bank borrowing 69,000
Payment of principal element of bank borrowing (14,914) (3,337) (1,914)
Payment of interest element of bank borrowing (4,056) (907) (796)
Proceeds from the issue of ordinary shares 39,450 8,826
Proceeds from the issue of redeemable convertible preference shares 7,989,890 1,787,647 3,609,483
Payment of redeemable convertible preference shares commission fee (137,912)
Interest paid for redeemable convertible preference shares (355,394) (79,515) (175,000)
Advances received for redeemable convertible preference shares 918,274
Payment of capital element of lease liabilities (339,747) (76,015) (161,857)
Payment of interest element of lease liabilities (253,389) (56,693) (124,157)
Net cash generated from financing activities 6,332,084 1,416,731 6,072,688
Effect of foreign currency exchange rate (171,388) (38,346)
Net increase in cash 281,339 62,943 35,251
Cash – beginning of the year 109,161 24,427 73,910
Cash – end of the year RM 390,500 $ 87,370 RM 109,161