Dear Shareholders,
On behalf of the Board of Inch Kenneth Kajang Rubber Public Limited Company, I present herewith the One Hundred and Sixteenth Annual Report and Financial Statements of the Company and the Group for the financial year ended 31 December 2025.
DIVIDENDS
Due to the rebuilding of business after the pandemic, the Board has decided that no dividend is proposed for the financial year ending 31 December 2025.
PERFORMANCE REVIEW
During the financial year under review, the Group recorded a revenue of RM14.570 million compared to a revenue of RM17.771 million for the previous year. The Group's turnover decrease by RM3.201 million as there were no production of rubber blocks during the financial year under review.
Revenue from the Group's tourism division has decreased to RM14.280 million from RM14.667 million in 2024 as there were less tourist arrivals especially from China.
In this financial year, the result of the Group's associate – Concrete Engineering Products Berhad ("CEPCO"), a manufacturer and distributor of prestressed spun concrete piles and poles, was not taken into account as the net book value has been fully written off. Their sales volume has also decreased as less infrastructure projects are available.
Overall, the total loss after taxation for the Group was RM7.902 million as compared to RM7.043 million in 2024.
CORPORATE DEVELOPMENT
As at 31 December 2025, the Company has 42,075,000 ordinary shares held as treasury shares and the issued and paid-up share capital of the Company remained at 420,750,000 ordinary shares of £0.10.
FUTURE OUTLOOK
The Master Plan to develop the land bank in Kajang, totalling approximately 140 hectares needs to be resubmitted to the One Stop Centre of Majlis Perbandaran Kajang due to technical matters. We will take this opportunity to improve the overall layout and maximise the land usage.
In 2026, both the manufacturing and tourism division will be facing a challenging time due to the competitive prices of latex and finished goods, and also due to lower tourist arrival, largely due to the war in the Middle East.
APPRECIATION
On behalf of the Board, I wish to express my appreciation to all our customers, shareholders, business partners, bankers and government authorities for their continued support and encouragement during the year.
Special thanks also goes to the management and staff. Their invaluable efforts and firm dedication to the Group are truly appreciated. We are confident that success is in the pipeline.
I would also like to take this opportunity to offer my personal gratitude to the Board members for their commitment and guidance.
I would also like to take this opportunity to welcome our newest Board member, Prof Dr Mohamad Khan bin Jamal Khan. His vast academic knowledge, especially in the business field will bring a good balance to the Board.
DATO’ ADNAN BIN MAARUF
Chairman
27 April 2026