v3.26.1
Property and Equipment
 6 Months Ended 12 Months Ended
Jun. 30, 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

7. PROPERTY AND EQUIPMENT, NET

 

  

June 30, 2026

(USD)

  

Dec 31, 2025

(USD)

 
Freehold land   401,253    402,883 
Building — net   2,596,718    2,638,829 
Plant and machinery — net   1,394,978    1,461,536 
Computer and office equipment — net   10,269    14,665 
Air conditioners, furniture and fittings — net   391    484 
Property and equipment, net — continuing operations   4,403,609    4,518,397 

 

Depreciation expense from continuing operations: Q2 2026: USD 96,504 (June 30, 2025: USD 92,277) (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).