v3.26.1
Property and Equipment
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Property, Plant, and Equipment [Line Items]    
Property and Equipment  

11. Property and Equipment

 

Property and equipment consisted of the following at December 31, 2025 and 2024 (in thousands):

 

   Lives in years  2025   2024 
      December 31, 
   Lives in years  2025   2024 
Leasehold improvements  1 to 2  $138   $6 
Plant & Equipment  3 to 5   1    — 
Office equipment and furniture  3 to 5   282    420 
Property and equipment, gross      421    427 
Less: accumulated depreciation and amortization      (284)   (424)
Property and equipment, net     $137   $3 

 

 
Future NRG Sdn. Bhd. [Member]    
Property, Plant, and Equipment [Line Items]    
Property and Equipment

8. PROPERTY AND EQUIPMENT, NET

Property and Equipment 

 

  

Mar 31, 2026

(USD)

   

Dec 31, 2025

(USD)

  
Freehold land   404,377     

402,883

  
Building — net   2,632,773     

2,638,829

  
Plant and machinery — net   1,436,396     

1,461,536

  
Computer and office equipment — net   13,048     

14,665

  
Air conditioners, furniture and fittings — net   440     

484

  
Property and equipment, net — continuing operations   4,487,034     

4,518,397

  

 

Depreciation expense from continuing operations: Q1 2026 USD 48,114 (Mar31, 2025: USD 44,090) (included within cost of revenues and operating expenses).

 

 

7. PROPERTY AND EQUIPMENT, NET – CONTINUING OPERATIONS

 

   Note  2025   2024 
      (USD)   (USD) 
Cost:             
Land     402,883    365,570 
Building     3,155,999    2,863,705 
Machinery      2,455,818    2,228,372 
Computer & office equipment      64,280    51,730 
Other assets      4,188    3,340 
Total cost      6,083,168    5,512,717 
Less: Accumulated depreciation:             
Building      (517,170)   (411,998)
Machinery      (994,282)   (791,695)
Other assets      (53,319)   (41,496)
Total depreciation      (1,564,771)   (1,245,189)
              
Property and equipment, net      4,518,397    4,267,528 

 

Depreciation expense from continuing operations: USD 191,982 (FY2025); USD 173,709 (FY2024).