Announcement • Jul 17
Propel Global Berhad has completed a Follow-on Equity Offering in the amount of MYR 4.174957 million. Propel Global Berhad has completed a Follow-on Equity Offering in the amount of MYR 4.174957 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,500,000
Price\Range: MYR 0.09
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,000,000
Price\Range: MYR 0.071
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,364,400
Price\Range: MYR 0.063
Transaction Features: Subsequent Direct Listing New Risk • Jun 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM9.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM9.1m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 61% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM54.0m market cap, or US$13.4m). Reported Earnings • May 30
Third quarter 2026 earnings released: RM0.008 loss per share (vs RM0.002 loss in 3Q 2025) Third quarter 2026 results: RM0.008 loss per share (further deteriorated from RM0.002 loss in 3Q 2025). Revenue: RM18.6m (down 21% from 3Q 2025). Net loss: RM6.49m (loss widened 394% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 16
Second quarter 2026 earnings released: RM0.006 loss per share (vs RM0.004 loss in 2Q 2025) Second quarter 2026 results: RM0.006 loss per share (further deteriorated from RM0.004 loss in 2Q 2025). Revenue: RM20.5m (down 28% from 2Q 2025). Net loss: RM4.38m (loss widened 59% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Announcement • Jan 23
Propel Global Berhad has filed a Follow-on Equity Offering. Propel Global Berhad has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 146,700,000
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 29
First quarter 2026 earnings released: RM0.009 loss per share (vs RM0.007 loss in 1Q 2025) First quarter 2026 results: RM0.009 loss per share (further deteriorated from RM0.007 loss in 1Q 2025). Revenue: RM17.9m (down 48% from 1Q 2025). Net loss: RM6.57m (loss widened 46% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 26
Full year 2025 earnings released: RM0.034 loss per share (vs RM0.009 profit in FY 2024) Full year 2025 results: RM0.034 loss per share (down from RM0.009 profit in FY 2024). Revenue: RM111.1m (down 37% from FY 2024). Net loss: RM24.2m (down RM29.9m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Oct 24
Propel Global Berhad, Annual General Meeting, Dec 11, 2025 Propel Global Berhad, Annual General Meeting, Dec 11, 2025, at 10:00 Singapore Standard Time. Location: tropicana golf & country resort, greens iii, sports wing, jalan kelab tropicana, 47410 petaling jaya, selangor darul ehsan, Malaysia Reported Earnings • Aug 31
Full year 2025 earnings released: RM0.033 loss per share (vs RM0.009 profit in FY 2024) Full year 2025 results: RM0.033 loss per share (down from RM0.009 profit in FY 2024). Revenue: RM111.5m (down 37% from FY 2024). Net loss: RM22.8m (down 499% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Group MD & Executive Chairman Mohamad Bin Abdul Mutalib was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 28
New major risk - Revenue and earnings growth Earnings have declined by 6.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 6.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM69.4m market cap, or US$16.3m). Reported Earnings • Nov 29
First quarter 2025 earnings released: RM0.007 loss per share (vs RM0 in 1Q 2024) First quarter 2025 results: RM0.007 loss per share (further deteriorated from RM0 in 1Q 2024). Revenue: RM34.3m (up 24% from 1Q 2024). Net loss: RM4.52m (down RM4.55m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 119% per year, which means it is well ahead of earnings. Announcement • Nov 28
Propel Global Berhad Reports Consolidated Unaudited Impairment Losses Results for the First Quarter Ended September 30, 2024 Propel Global Berhad reported consolidated unaudited impairment losses results for the first quarter ended September 30, 2024. For the quarter, the company reported impairment losses on goodwill of MYR 201,000. New Risk • Nov 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (RM77.7m market cap, or US$17.5m). Reported Earnings • Oct 26
Full year 2024 earnings released: EPS: RM0.009 (vs RM0.013 in FY 2023) Full year 2024 results: EPS: RM0.009 (down from RM0.013 in FY 2023). Revenue: RM176.0m (up 57% from FY 2023). Net income: RM5.71m (down 26% from FY 2023). Profit margin: 3.2% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 25
Propel Global Berhad, Annual General Meeting, Dec 06, 2024 Propel Global Berhad, Annual General Meeting, Dec 06, 2024, at 10:00 Singapore Standard Time. Location: 12th floor, menara symphony, no. 5, jalan prof. khoo kay kim, seksyen 13, 46200 petaling jaya, selangor darul ehsan, Malaysia Announcement • Oct 15
Propel Global Berhad (KLSE:PGB) through Propel Oilfield Services Sdn Bhd completed the acquisition of remaining 39% stake in Best Wide Engineering (M) Sdn. Bhd. Propel Global Berhad (KLSE:PGB) through Propel Oilfield Services Sdn Bhd entered into a Shares Sale Agreement to acquire remaining 39% stake in Best Wide Engineering (M) Sdn. Bhd. for MYR 6.19 million on September 27, 2024. Upon completion, Propel Global Berhad will own 90% stake in Best Wide Engineering (M) Sdn. Bhd.
Propel Global Berhad (KLSE:PGB) through Propel Oilfield Services Sdn Bhd completed the acquisition remaining 39% stake in Best Wide Engineering (M) Sdn. Bhd on October 14, 2024. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Market cap is less than US$100m (RM79.4m market cap, or US$18.5m). New Risk • Dec 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (69% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (6.9% net profit margin). Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Market cap is less than US$100m (RM92.1m market cap, or US$19.7m). Reported Earnings • Dec 02
Full year 2023 earnings released: EPS: RM0.013 (vs RM0.037 in FY 2022) Full year 2023 results: EPS: RM0.013 (down from RM0.037 in FY 2022). Revenue: RM112.3m (up 45% from FY 2022). Net income: RM7.72m (down 88% from FY 2022). Profit margin: 6.9% (down from 84% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (RM96.7m market cap, or US$20.7m). New Risk • Oct 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (RM96.7m market cap, or US$20.3m). Announcement • Oct 31
Propel Global Berhad, Annual General Meeting, Dec 08, 2023 Propel Global Berhad, Annual General Meeting, Dec 08, 2023, at 10:30 Singapore Standard Time. Location: Broadcast Venue at 12th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13 46200 Petaling Jaya, Darul Ehsan, Selengor Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of the Directors and Auditors thereon; To re-elect Elain Binti Lockman as Director; To re-elect Dato' Tan Yee Boon as Director; To approve the payment of Directors' fees; and to discuss other matters. Announcement • Sep 23
Propel Global Berhad Announces Re-Designation of Tan Yee Boon as Deputy Chairman from Independent Director Propel Global Berhad announced the re-designation of Dato' Tan Yee Boon, age 48, as Deputy Chairman from Independent Director. The date of change is September 22, 2023. Announcement • Sep 15
Hextar Kimia Sdn Bhd entered into a term sheet to acquire Propel Chemicals Sdn Bhd from Propel Global Berhad, Rancak Nikmat Sdn. Bhd. and Wiramas Baiduri Sdn. Bhd. for MYR 16.5 million. Hextar Kimia Sdn Bhd entered into a term sheet to acquire Propel Chemicals Sdn Bhd from Propel Global Berhad, Rancak Nikmat Sdn. Bhd. and Wiramas Baiduri Sdn. Bhd. for MYR 16.5 million on September 14, 2023. The purchase consideration of MYR 16.5 million shall be paid by Hextar Kimia to Propel Global Berhad, Rancak Nikmat Sdn. Bhd. and Wiramas Baiduri Sdn. Bhd under the a definitive share sale agreement in the following manner: (a) MYR 1,650,000 shall be paid to the Vendor’s solicitors (as stakeholders) upon the execution of SSA as deposit; and (b) the balance of MYR 14,850,000 shall be paid to Hextar Kimia’s solicitors (as stakeholders) within 7 days from the unconditional date. The term sheet is subject to the signing of a definitive share sale agreement (“SSA”) within 1 month from the date of the term sheet and completion of legal and financial due diligence. The proposed acquisition is not subject to the approval of Hextar’s shareholders or any regulatory authorities. Announcement • Sep 08
Propel Global Berhad (KLSE:PGB) entered into a conditional share sale agreement to acquire E-maintenance Sdn. Bhd. from Haw Tek Seng and Kok Tzyy Ching for MYR 20 million. Propel Global Berhad (KLSE:PGB) entered into a conditional share sale agreement to acquire E-maintenance Sdn. Bhd. from Haw Tek Seng and Kok Tzyy Ching for MYR 20 million on September 7, 2023. The transaction will be financed from proceeds from the private placement of new ordinary shares and internally generated funds. Announcement • Dec 08
Propel Global Berhad, Annual General Meeting, Dec 08, 2022 Propel Global Berhad, Annual General Meeting, Dec 08, 2022, at 10:00 Singapore Standard Time. Location: 12th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya Selangor Darul Ehsan Selangor Malaysia Agenda: To re-elect Lee Sze Yeen as Director; to re-elect Dato' Tan Yee Boon as Director; to re-elect Shamsul Bin Saad as Director; to re-elect Arunasalam A/L Muthusamy as Director; to re-elect Mohamad Reza Bin Abdul Mutalib as Director; to approve the payment of Directors' fees; to approve the payment of meeting attendance allowance; to re-appoint Baker Tilly Monteiro Heng PLT as Auditors; to consider proposed authority to issue shares pursuant to Sections 75 and 76 of the Companies Act 2016; and to consider proposed authority for the Company to purchase its own shares of up to 10% of its total number of issued shares. Announcement • Oct 08
Propel Global Berhad Announces Re-Designation of Mohamad Reza Bin Abdul Mutalib from Managing Director to Executive Group Managing Director Propel Global Berhad announced re-designation of Encik Mohamad Reza Bin Abdul Mutalib, age 50, from Managing Director to Executive Group Managing Director of the company, effective October 7, 2022. Announcement • Jul 26
Propel Global Berhad Announces Re-Designation of Encik Mohamad Reza Bin Abdul Mutalib from Independent Director to Managing Director Propel Global Berhad announced Encik Mohamad Reza Bin Abdul Mutalib, age 50, Re-designated from independent Director to Managing director, date of change July 25, 2022. Announcement • Jul 05
Propel Global Berhad Appoints Encik Mohamad Reza Bin Abdul Mutalib as Independent and Non Executive Director Propel Global Berhad appointed Encik Mohamad Reza Bin Abdul Mutalib as Independent and Non Executive Director. His Age is 50. Date of change 01 July 2022 En. Reza has built a deep and wide career in the automobile industry with a long standing experience of nearly 25 years in all aspects of the business of automobiles from direct responsibilities across varying functions in Proton, Nissan, Renault, Electric Vehicles, Grabcar, Subaru and Lotus. He is currently the Founder and CEO of Karrus Automotive and Lotus Karz which are the sole and exclusive franchisors for Subaru and Lotus cars respectively in Malaysia - handling all of Subaru and Lotus sales, service and spare part requirements in Malaysia. He also sits on the board of Grabcar Sdn Bhd as an Executive Director. He began his career as a research analyst in Peregrine covering the automobile sector and this culminated further in his tenure at Merrill Lynch where he was voted the Top # 1 Ranked Auto Analyst in Malaysia by The Edge whilst covering the transportation and cement sectors. He developed direct hands on experience in the Middle East region through his work as a Regional Executive for Proton Berhad where he rose to become the Group Head of Marketing Communications. Moving in the early 2000s, he subsequently became the General Manager of Renault Malaysia under the Tan Chong Group, wherein during his decade-long tenure there, he was also a Founder and Director of First Energy Network, laying the foundation of electric vehicle infrastructure in Malaysia working with the relevant sectors in the Government for the deployment of such infrastructure across the country. In 2015, he moved to Singapore to head up Tan Chong Internationals regional and marketing initiatives, particularly responsible for the Subaru brand across 10 countries from China to Indonesia and was also Country Head for Malaysia & Philippines for the Group. In 2019, he began his entrepreneurial career to start Karrus Autmotive and Lotus Karz. He completed Masters in Master of Business from University of Newcastle, Australia. He did Masters in Master of Arts (Economics) from Northeastern University, Boston, USA. He did Degree of Bachelor of Science (Economics)from Northeastern University, Boston, USA. 
