v3.26.3
Expenses by Nature
 12 Months Ended
Dec. 31, 2025
Expenses by Nature [Abstract]  
Expenses by nature

19. Expenses by nature

 

      For the year ended December 31, 
   Note  2023   2024   2025 
      MYR   MYR   MYR   USD 
Cost of revenue                   
- Construction cost      6,041,901    2,170,000    12,498,750    3,081,546 
- Depreciation and amortization  (ii)   24,888    229,365    458,730    113,099 
- Consulting fees  (iii)   2,330,000    6,667,000    
–
    
–
 
- Vegetable costs      934,681    16,838,559    37,984,989    9,365,135 
- Planting related costs      499,744    59,280    226,003    55,721 
- Wages and benefits  (i)   376,560    81,506    77,405    19,084 
       10,207,774    26,045,710    51,245,877    12,634,585 

 

      For the year ended December 31, 
   Note  2023   2024   2025 
      MYR   MYR   MYR   USD 
Selling and promotion expenses                   
- Entertainment expenses      53,121    22,575    
–
    
–
 
- Marketing fees      381,224    186,043    1,909,465    470,775 
       434,345    208,618    1,909,465    470,775 
                        
General and administrative expenses                       
- Director fee  (i),(iv)   120,000    1,000,000    1,532,353    377,799 
- Professional fees      503,556    2,955,710    1,958,948    482,975 
- Wages and benefits  (i)   315,762    1,128,559    1,807,759    445,700 
- Depreciation and amortization  (ii)   274,545    583,049    658,729    162,409 
- Commission paid      161,129    145,674    273,049    67,320 
- Office expenses      98,567    274,610    544,082    134,142 
- Penalties      
–
    
–
    25,701    6,337 
- Others      1,779    11,862    16,553    4,081 
       1,475,338    6,099,464    6,817,174    1,680,763 
Total of cost of revenue, selling and promotion, and general and administrative expenses      12,117,457    32,353,792    59,972,516    14,786,123 
(i) Staff costs

 

   For the year ended December 31, 
   2023   2024   2025 
   MYR   MYR   MYR   USD 
Director fee   120,000    1,000,000    1,532,353    377,799 
Salaries and wages   600,833    1,085,888    1,758,441    433,541 
Contributions to social security contribution plan   75,013    105,351    122,734    30,260 
Welfare expenses   16,476    18,826    3,989    983 
    812,322    2,210,065    3,417,517    842,583 

 

(ii) Depreciation and amortization

 

   For the year ended December 31, 
   2023   2024   2025 
   MYR   MYR   MYR   USD 
Property, plant and equipment   47,055    89,117    136,963    33,768 
Intangible assets   16,106    243,183    471,048    116,136 
Right-of-use assets   236,272    480,114    509,448    125,604 
    299,433    812,414    1,117,459    275,508 

 

(iii) The consulting fees mainly comprise design fees of CEA vertical farms, and consultation service fees on operating and managing the CEA vertical farms.

 

(iv)During the years ended December 31, 2023, the director of the Company, which is also a shareholder of the Company, was entitled to an annual salary of MYR 120,000 of which the director waived to receive and was accordingly treated as a contribution by a shareholder.