v3.26.1
Accounts Payable and Accrued Liabilities
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Future NRG Sdn. Bhd. [Member]    
Accounts Payable and Accrued Liabilities

9. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts Payable and Accrued Liabilities 

 

  

Mar 31, 2026

(USD)

 
Trade payables   20,123 
Non-trade payables and other creditors   35,509 
Accrual for legal proceedings — AHT litigation (Note 13)   406,945 
Deposit received from customer   14,829 
Total accounts payable and accrued liabilities   477,406 

 

 

8. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

 

   Note  2025   2024 
      (USD)   (USD) 
Trade payables      3,768    24,355 
Amount due to ultimate holding company      4,655,340    2,154,420 
Amount due to related companies          838,928 
Accrual for material litigation      405,565    368,004 
Deposit received      14,774    24,578 
Transportation fee payables      33,740    30,615 
Total      5,113,187    3,440,900 

 

The Company enters into various transactions with its ultimate holding company, Fitters Diversified Berhad, and other related companies within the same group in the ordinary course of business. These transactions primarily consist of payments made on behalf by the ultimate holding company and related entities for the Company’s operational expenses, statutory obligations, and administrative costs in the normal course of business. The amount due to the ultimate holding company and related companies is unsecured, interest-free, and repayable on demand. These balances represent non-trade financing provided to the Company to support its working capital requirements. No guarantees have been given or received regarding these balances.

 

The accrual relates to a legal provision associated with the biomass gasification plant is described in Note 13. Refer to Note 14 for details of the post-year-end settlement of the payable to Fitters Diversified Berhad.