v3.26.3
Financial Risk Management and Fair Values of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Financial Risk Management and Fair Values of Financial Instruments [Abstract]  
Schedule of Breakdown of Trade Receivables Before Expected Credit Losses

The following table provides a breakdown of trade receivables before ECL by customer groups:

 

   As of
December 31,
2024		   As of
December 31,
2025		 
   MYR   MYR   USD 
Third-party retail outlet customers   32,716    24,869    6,131 
Third-party industrial business customers   35,895,157    69,298,230    17,085,363 
Related party customers   1,132,841    
–
    
–
 
Total trade receivables, gross   37,060,714    69,323,099    17,091,494 
Schedule of Exposure to Credit Risk and Expected Credit Losses for Trade Receivables Related to Third-Party Retail Outlet Customers

The following tables provide information about the Group’s exposure to credit risk and ECL for trade receivables related to third-party retail outlet customers as of December 31, 2024 and 2025:

 

   As of December 31, 2024 
   Gross
carrying
amount		   Loss
allowance		   Expected
loss rate		   Net
balance		 
   MYR   MYR       MYR 
0 - 90 days   28,372    (2,433)   8.6%   25,939 
91 - 180 days   747    (453)   60.6%   294 
181 - 270 days   1,114    (918)   82.4%   196 
271 - 365 days   1,146    (1,146)   100.0%   
–
 
Over 1 year   1,337    (1,337)   100.0%   
–
 
    32,716    (6,287)        26,429 
   As of December 31, 2025 
   Gross
carrying
amount		   Loss
allowance		   Expected
loss rate		   Net
balance		 
   MYR   MYR       MYR   USD 
0 - 90 days   20,225    (879)   4.3%   19,346    4,770 
91 – 180 days   
–
    
–
    0.0%   
–
    
–
 
181 - 270 days   1,034    (882)   85.3%   152    37 
271 - 365 days   868    (868)   100.0%   
–
    
–
 
Over 1 year   2,742    (2,742)   100.0%   
–
    
–
 
    24,869    (5,371)        19,498    4,807 
Schedule of Exposure to Credit Risk and Expected Credit Losses Receivables from Related Parties

The following tables provide information about the Group’s exposure to credit risk and ECL for trade receivables related to third-party industrial business customers as of December 31, 2024 and 2025:

 

   As of December 31, 2024 
   Gross
carrying
amount		   Loss
allowance		   Expected
loss rate		   Net
balance		 
   MYR   MYR       MYR 
Grade - low risk   11,732,969    (58,485)   0.5%   11,674,484 
Grade - fair risk   24,162,188    (266,260)   1.1%   23,895,928 
    35,895,157    (324,745)        35,570,412 

 

   As of December 31, 2025 
   Gross
carrying
amount		   Loss
allowance		   Expected
loss rate		   Net
balance		 
   MYR   MYR       MYR   USD 
Grade - low risk   16,855    (22)   0.1%   16,833    4,150 
Grade - fair risk   69,091,600    (1,021,645)   1.5%   68,069,955    16,782,533 
Grade - substantial   189,775    (3,796)   2.0%   185,979    45,853 
    69,298,230    (1,025,463)        68,272,767    16,832,536 

The following tables provide information about the Group’s exposure to credit risk and ECL for trade receivables from related parties as of December 31, 2024:

 

   As of December 31, 2024 
   Gross
carrying
amount		   Loss
allowance		   Expected
loss rate		   Net
balance		 
   MYR   MYR       MYR 
Grade - low risk   100,000    (500)   0.5%   99,500 
Grade - fair risk   32,841    (328)   1.0%   32,513 
Grade - substantial   1,000,000    (412,000)   41.2%   588,000 
    1,132,841    (412,828)        720,013 
Schedule of Movement of Expected Credit Losses Movement of ECL
   MYR 
As of December 31, 2022 and January 1, 2023   15,682 
Provision for expected credit loss on trade receivables   66,915 
As of December 31, 2023 and January 1, 2024   82,597 
Provision for expected credit loss on trade receivables   661,263 
As of December 31, 2024 and January 1, 2025   743,860 
Provision for expected credit loss on trade receivables   286,974 
As of December 31, 2025   1,030,834 
As of December 31, 2025 (USD)   254,150 
Schedule of Financial Liabilities Based on Contractual Undiscounted Cash Flows

The following tables show the remaining contractual maturities at the end of the years presented of the Group’s financial liabilities, which are based on contractual undiscounted cash flows (including interest payments computed using contracted rates) and the earliest date the Group can be required to pay.

 

   Within
1 year or
on demand		   More than
1 year but
less than
2 years		   More than
2 years but
less than
5 years		   Total   Carrying
amount
as of
December 31,
2024		 
   MYR   MYR   MYR   MYR   MYR 
Trade payables   14,089,238    
–
    
–
    14,089,238    14,089,238 
Other payables   3,105,476    
–
    
–
    3,105,476    3,105,476 
Amounts due to related parties   4,010,937    
–
    
–
    4,010,937    4,001,850 
Bank borrowing   16,347    16,260    27,048    59,655    53,029 
Redeemable convertible preference shares   4,622,304    7,083,959    
–
    11,706,263    9,912,049 
Lease liabilities   629,136    689,248    1,805,975    3,124,359    2,493,310 
    26,473,438    7,789,467    1,833,023    36,095,928    33,654,952 

 

   Within
1 year or
on demand		   More than
1 year but
less than
2 years		   More than
2 years but
less than
5 years		   Total   Carrying
amount
as of
December 31,
2025		 
   MYR   MYR   MYR   MYR   MYR   USD 
Trade payables   20,293,263    
–
    
–
    20,293,263    20,293,263    5,003,269 
Other payables   6,781,887    
–
    
–
    6,781,887    6,781,887    1,672,063 
Amounts due to related parties   6,056,741    
–
    
–
    6,056,741    6,056,741    1,493,279 
Bank borrowings   164,883    164,796    702,450    1,032,129    841,815    207,548 
Redeemable convertible preference shares   7,585,697    
–
    
–
    7,585,697    6,583,486    1,623,147 
Lease liabilities   689,248    732,504    1,073,472    2,495,224    2,095,604    516,668 
    41,571,719    897,300    1,775,922    44,244,922    42,652,796    10,515,974