Revenue and Segment Information

12 Months Ended

Dec. 31, 2025

Revenue and Segment Information [Abstract]

Revenue and segment information

17. Revenue and segment information

Segment information

The Group’s primary business activities include offering farm solutions, as well as selling fresh produce cultivated from the CEA vertical farms. For management purposes, the Group operates in one business unit based on its products and has one reportable segment which is offering of farm solutions and selling fresh produce.

Since most of the Group’s revenue was generated from offering of farm solutions as well as selling fresh produce from the CEA vertical farms in Malaysia, no geographical segment information is presented.

Revenue

The Group’s revenue is primarily derived from offering CEA vertical farm solutions and selling fresh produce from CEA vertical farms operated.

(a) Disaggregation of revenue

The Group disaggregates its revenue from contracts by service types, as the Group believes it best depicts how the nature, amount, timing, and uncertainty of the revenue and cash flows are affected by economic factors. The summary of the Group’s disaggregation of revenue by service types for the year ended December 31, 2023, 2024 and 2025 are as follows:

		For the year ended December 31,
		2023				2024				2025
		MYR				MYR				MYR				USD
Offering farm solutions
- from third parties			12,412,500				19,434,500				24,408,050				6,017,764
- from related parties			4,000,000				1,400,174				–				–
			16,412,500				20,834,674				24,408,050				6,017,764
Sales of fresh produce
- from third parties			585,553				19,993,366				48,722,616				12,012,479
- from related parties			1,473,219				32,842				–				–
			2,058,772				20,026,208				48,722,616				12,012,479

Total revenue			18,471,272				40,860,882				73,130,666				18,030,243

		For the year ended December 31,
		2023				2024				2025
		MYR				MYR				MYR				USD
Timing of revenue recognition
- Point in time			18,371,272				37,460,882				48,722,616				12,012,479
- Over time			100,000				3,400,000				24,408,050				6,017,764
Revenue from contracts with customers			18,471,272				40,860,882				73,130,666				18,030,243

(b) Revenue expected to be recognized in the future arising from contracts with customers in existence at the reporting dates

There is no unsatisfied performance obligations as of December 31, 2023, 2024 and 2025.

As of December 31, 2024 and 2025, no contract liabilities were recognized.

(c) Revenue from major customers

For the year ended December 31,

2023

2024

2025

Offering of farm solutions

Customer A

34.7

%

–

*

31.2

%

Customer B**

21.7

%

–

*

–

*

Customer C

21.1

%

–

*

–

*

Customer D

10.8

%

–

*

–

*

Customer E

–

*

42.7

%

–

*

Sales of fresh produce

Customer A

–

*

–

*

27.6

%

Customer F***

–

*

19.5

%

–

*

Customer G

–

*

14.6

%

12.9

%

Customer H

–

*

14.0

%

–

*

Customer I

–

*

–

*

22.5

%

*	The corresponding revenue did not contribute over 10.0% of the total revenue of the Group in the particular period.

**	Customer B is a related party of the Group.

***	Customer F was a related party of the Group during the year ended December 31, 2023. It ceased to be a related party of the Group in January 2024.