| Schedule of Finance Costs |
| | |
For the year ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
MYR | | |
MYR | | |
MYR | | |
USD | |
| Bank charges | |
| 2,615 | | |
| 4,565 | | |
| 7,356 | | |
| 1,814 | |
| Interest on lease liabilities | |
| 124,157 | | |
| 253,389 | | |
| 231,431 | | |
| 57,059 | |
| Interest on redeemable convertible preference shares | |
| 360,407 | | |
| 1,384,065 | | |
| 828,703 | | |
| 204,314 | |
| Interest on a related party loan (note(a)) | |
| 17,081 | | |
| 27,260 | | |
| 22,717 | | |
| 5,601 | |
| Interest on bank borrowings (note 13) | |
| 1,566 | | |
| 4,056 | | |
| 9,424 | | |
| 2,323 | |
| Total finance costs | |
| 505,826 | | |
| 1,673,335 | | |
| 1,099,631 | | |
| 271,111 | |
| (a) | On May 1, 2023, Agroz Group entered into a borrowing agreement with HWG Cash Berhad (“HWG Cash”), a related party, who is also a minority shareholder of the Group (the “Borrowing Agreement”). Pursuant to the Borrowing Agreement, Agroz Group borrowed MYR 1,363,000 from HWG Cash, at an interest rate of two percent (2.0%) per annum and a maturity of 24 months, or on such other extended date mutually agreed between Agroz Group and the related party. In January 2024, HWG Cash ceased to be a shareholder of Agroz Group. In April 2025, both parties agreed to extend the loan repayment period to December 31, 2026 and principal fully settled on October 30, 2025. |
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