New Risk • May 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 40x earnings per share). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (RM56.0m market cap, or US$14.1m). Reported Earnings • May 24
First quarter 2026 earnings released: RM0.015 loss per share (vs RM0.002 loss in 1Q 2025) First quarter 2026 results: RM0.015 loss per share (further deteriorated from RM0.002 loss in 1Q 2025). Revenue: RM1.69m (down 81% from 1Q 2025). Net loss: RM2.88m (loss widened RM2.42m from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Announcement • Apr 22
MMS Ventures Berhad, Annual General Meeting, May 22, 2026 MMS Ventures Berhad, Annual General Meeting, May 22, 2026, at 10:00 Singapore Standard Time. Location: plot 84a, lintang bayan lepas 9, bayan lepas industrial park, phase 4, 11900 bayan lepas, pulau pinang, Malaysia