Reported Earnings • May 23
First quarter 2026 earnings released First quarter 2026 results: Revenue: RM8.11m (up 18% from 1Q 2025). Net income: RM21.0k (down 99% from 1Q 2025). Profit margin: 0.3% (down from 32% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Announcement • May 22
Bursa Securities Resolves to Grant Zelan Berhad A Further Extension of Time of 3 Months Up to 31 July 2026 to Submit Its Regularisation Plan On behalf of the Board of Zelan Berhad, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 21 May 2026, resolved to grant the Company a further extension of time of 3 months up to 31 July 2026 to submit its regularisation plan to the relevant regulatory authorities for approval ("EOT"). The EOT is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of Zelan and to de-list the Company in the event: (i) the Company fails to submit its regularisation plan to the regulatory authorities on or before 31 July 2026; (ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or (iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities. Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the securities of Zelan on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against delisting. Announcement • Apr 30
Zelan Berhad, Annual General Meeting, Jun 23, 2026 Zelan Berhad, Annual General Meeting, Jun 23, 2026, at 10:00 Singapore Standard Time. Location: komune living & wellness, no. 21, jalan tasik permaisuri 2, bandar tun razak cheras kuala lumpur, 56000, Malaysia Reported Earnings • Feb 27
Full year 2025 earnings released: RM0.075 loss per share (vs RM0.30 loss in FY 2024) Full year 2025 results: RM0.075 loss per share (improved from RM0.30 loss in FY 2024). Net loss: RM63.1m (loss narrowed 75% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 26
Third quarter 2025 earnings released: EPS: RM0.001 (vs RM0.025 loss in 3Q 2024) Third quarter 2025 results: EPS: RM0.001 (up from RM0.025 loss in 3Q 2024). Net income: RM518.0k (up RM22.0m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2025 earnings released: RM0.073 loss per share (vs RM0.001 profit in 2Q 2024) Second quarter 2025 results: RM0.073 loss per share (down from RM0.001 profit in 2Q 2024). Revenue: RM7.56m (down 35% from 2Q 2024). Net loss: RM61.4m (down RM62.3m from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • May 11
Full year 2024 earnings released: RM0.30 loss per share (vs RM0.077 profit in FY 2023) Full year 2024 results: RM0.30 loss per share (down from RM0.077 profit in FY 2023). Revenue: RM40.2m (up 33% from FY 2023). Net loss: RM252.2m (down 486% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Apr 30
Zelan Berhad, Annual General Meeting, Jun 11, 2025 Zelan Berhad, Annual General Meeting, Jun 11, 2025, at 10:00 Singapore Standard Time. Location: komune living & wellness, no. 21, jalan tasik permaisuri 2, bandar tun razak, cheras, kuala lumpur., 56000, Malaysia Announcement • Mar 20
Zelan Berhad Announces Redesignation of Dato Anwar Bin Haji @ Aji from the Position of Independent, Non-Executive Director to Non-Independent, Non-Executive Director Zelan Berhad announced Redesignation of Dato Anwar Bin Haji @ Aji as Non Independent and Non Executive Director. Previous Position: Independent Director. Age: 75, Gender: Male. Date of change: March 20, 2025. Qualifications: Masters: Arts in International Studies Ohio University, USA (1982). Degree: Bachelor of Economics (Hons.) University of Malaya (1970-1973). Remarks: The Board of Directors of Zelan Berhad had resolved that YBhg. Dato' Anwar bin Haji @ Aji, be re-designated from the position of Independent, Non-Executive Director to Non-Independent, Non-Executive Director with effect from 20 March 2025. Announcement • Nov 29
Zelan Berhad Appoints Mohd Redza Shah Bin Abdul Wahid as Independent and Non Executive Director Zelan Berhad announced appointment of Dato' Mohd Redza Shah Bin Abdul Wahid, Age 61, as Independent and Non Executive Director. Date of change: November 28, 2024. Qualifications: Sustainability Leadership in Business Sustainability Management from University of Cambridge (online course). Member of Institute of Chartered Accountant in England and Wales (ICAEW) from Institute of Chartered Accountant in England and Wales (ICAEW), Qualification obtained whilst attached to Deloitte & Touche (Formerly known as Touche Ross & Co.), Chartered Accountants; Masters; Master of Science of Economics (International Banking and Finance) from University of Wales, Cardiff, United Kingdom; Degree: Bachelor of Science in Economic (Industry and Trade) from London School of Economic, University of London. Working experience and occupation: Board of Director of KPJ HEALTHCARE BERHAD (7 May 2020 - present); Chief Executive Officer of BANK MUAMALAT MALAYSIA BERHAD (Nov 2008 - Oct 2019); Chief Operating Officer of DRB-HICOM BERHAD (Dec 2005 - Oct 2008); Group Chief Executive Officer of TRADEWINDS CORPORATION BERHAD (Oct 2002 - Nov. 2005); Acting Chief Executive Officer of TRADEWINDS (M) BERHAD (May 2004 - Nov. 2005); Chief Financial Officer of SILTERRA MALAYSIA BERHAD (Oct 2000 - Sept 2002); Senior Manager, Monitoring of KHAZANAH NASIONAL BERHAD (Aug 1994 - Sept 2000); Corporate Finance Manager of ARAB MALAYSIAN CORPORATION BERHAD (AMCORP) (Nov 1992 - July 1994); Audit Senior of TOUCHE ROSS & CO., LONDON (1988 - Sept 1992). Directorships in public companies: E. A Technique (M) Berhad (Listed Issuer), Al-`Aqar Healthcare REIT (Listed Issuer), Al-Salam Real Estate Investment Trust (Listed Issuer), KPJ Healthcare Berhad (Listed Issuer), Waqaf An-Nur Corporation Berhad, Express Powerr Solutions (M) Berhad. Announcement • Nov 20
Zelan Berhad Announces Chief Executive Officer Changes The Board of Directors of Zelan Berhad had on 14 November 2024, approved the appointment of Puan Shareena binti Shahril as new Acting Chief Executive Officer of the Company to replace Encik Mohd Ariff bin Abd Samat, age 42, with effect from 21 November 2024. Reason of resignation is To pursue other career opportunities. Announcement • Aug 15
Zelan Berhad Announces Appointment of Encik Mohd Ariff Bin Abd Samat as Chief Executive Officer Zelan Berhad announced Appointment of ENCIK MOHD ARIFF BIN ABD SAMAT as Chief Executive Officer. Age 42. Date of change 12 August 2024. Qualifications; Master of Business Administration from Sunway University and Degree in Accounting from International Islamic University Malaysia Member of Malaysia Institute of Accountants. Prior joining to Zelan Berhad (Zelan), Encik Mohd Ariff Bin Abd Samat was a Group Chief Operating Officer at Sarawak Consolidated Industries Berhad until July 2023. His responsibilities included reporting to the Risk Committee, Audit Committee, and Board of Directors. In addition to his financial responsibilities, he played an essential part in cross-functional management, overseeing Human Resources, Administrations, Operations and other departments. In July 2017, he was appointed as General Manager - Special Projects, Business Development at Serba Dinamik Holdings Berhad. His role involved spearheading corporate strategies and engaging in diverse financing and fundraising activities. He played a key role in projects spanning privatization of government initiatives, public-private partnerships, water and wastewater management, renewable energy, and chemical plants. Encik Mohd. Ariff Bin Abd Samat has over 18 years in key positions of Internal Audit, Accounts & Reporting and Business Planning & Budgeting in the oil & energy industry during his tenure with Petronas, UMW Corporation Sdn. Bhd., Bousted Petroleum Marketing Sdn. Bhd. (BH Petrol), and KPMG Malaysia. Announcement • May 01
Zelan Berhad, Annual General Meeting, Jun 11, 2024 Zelan Berhad, Annual General Meeting, Jun 11, 2024, at 10:00 Singapore Standard Time. Location: Boardroom of Zelan Berhad, 24th Floor, Wisma Zelan, No. 1, Jalan Tasik Permaisuri 2, Bandar Tun Razak, Cheras, 56000 Kuala Lumpur Kaula Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Directors' and the Auditors' Reports thereon; to re-elect the following Directors who retire by rotation in accordance with Article 23.2 of the Company's Constitution and who being eligible offer themselves for re-election; to approve the payment of Directors' fees amounting to RM361,000.00 for Independent, Non-Executive Directors of the Company for the financial year ended 31 December 2024; to approve the payment of Directors Remuneration and benefits at the capping amount of RM490,000.00 to the Non-Executive Directors from 12 June 2024 until the conclusion of the next AGM of the Company; to re-appoint Nexia SSY PLT as Auditors of the Company until conclusion of the next AGM of the Company, at remuneration to be determined by the Board of Directors; and to consider other matters. Announcement • Jun 16
Zelan Berhad Announces Cessation of Encik Hazimi Bin Baharum as Chief Executive Officer Zelan Berhad announced cessation of Encik Hazimi Bin Baharum as Chief Executive Officer. Age 55, Date of change 15 June 2023. Reason: The Company has decided to terminate the Chief Executive Officer's contract of employment by giving him three (3) month's salary in lieu of the required Notice as per his Contract. Qualifications: Degree, Bachelor of Science in Civil Engineering Lamar University, Texas, USA. Working experience: Encik Hazimi Bin Baharum joined Zelan Berhad ("Zelan") in March 2010 as Head of Special Projects and was promoted as Chief Operating Officer on 1 February 2012 before leaving Zelan to pursue other career opportunities on 7 September 2016. He was previously the General Manager leading the Building and Environment Business Unit at Opus International (M) Berhad ("Opus"). Prior to joining Opus, he has also worked as a Project Manager for Zainuddin Parson and Brinckerhoff Sdn Bhd and Telekom Malaysia Berhad. He is a Project Management Professional certified by the Project Management Institute, United State of America and holds a Bachelor of Science in Civil Engineering from Lamar University, Texas, United States of America. His professional career for the last 23 years has been mainly focused on project and construction management for which he has gained vast experience in project business development, design management, planning and contract administration. He has played vital roles in various projects of different complexity, including some major and prestigious projects like Bukit Jalil National Sport Complex, KL Sentral, Ipoh-Rawang Electrified Double Tracking and National Heart Institute (IJN) Expension Project. The Board has on 27 February 2020 appointed Encik Hazimi bin Baharum as Acting Chief Executive Officer of Zelan Berhad with effect from 15 March 2020. Thereafter, on 16 September 2020 he was appointed as Chief Executive Officer of the Company. Reported Earnings • Mar 03
Full year 2022 earnings released: RM0.007 loss per share (vs RM0.005 profit in FY 2021) Full year 2022 results: RM0.007 loss per share (down from RM0.005 profit in FY 2021). Revenue: RM45.4m (down 1.0% from FY 2021). Net loss: RM5.60m (down 238% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: RM0.006 (vs RM0 in 3Q 2021) Third quarter 2022 results: EPS: RM0.006 (up from RM0 in 3Q 2021). Revenue: RM5.83m (down 51% from 3Q 2021). Net income: RM5.41m (up RM5.01m from 3Q 2021). Profit margin: 93% (up from 3.3% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: RM0.009 (vs RM0 in 2Q 2021) Second quarter 2022 results: EPS: RM0.009 (up from RM0 in 2Q 2021). Revenue: RM7.09m (down 37% from 2Q 2021). Net income: RM7.25m (up RM6.90m from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: RM0.001 (down from RM0.005 in 1Q 2021). Revenue: RM14.8m (up 39% from 1Q 2021). Net income: RM1.23m (down 69% from 1Q 2021). Profit margin: 8.3% (down from 37% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 734%. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 02
Zelan Berhad, Annual General Meeting, Jun 14, 2022 Zelan Berhad, Annual General Meeting, Jun 14, 2022, at 14:00 Singapore Standard Time. Location: ime for lodging theZelan, No. 1, Jalan Tasik Permaisuri 2 2022 at Tun Razak, Cheras Kaula Lumpur Malaysia Reported Earnings • Mar 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.005 (down from RM0.043 in FY 2020). Revenue: RM46.4m (down 11% from FY 2020). Net income: RM3.84m (down 89% from FY 2020). Profit margin: 8.3% (down from 70% in FY 2020). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 734%. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Dec 02
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. 3 experienced directors. 2 highly experienced directors. Senior Independent Non-Executive Director Teik Ooi was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 23
First quarter 2021 earnings released: EPS RM0.005 (vs RM0.003 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: RM10.7m (down 18% from 1Q 2020). Net income: RM3.92m (up 52% from 1Q 2020). Profit margin: 37% (up from 20% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 07
Full year 2020 earnings released: EPS RM0.043 (vs RM0.012 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM51.9m (down 36% from FY 2019). Net income: RM36.2m (up 253% from FY 2019). Profit margin: 70% (up from 13% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS RM0.043 (vs RM0.003 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM51.9m (down 36% from FY 2019). Net income: RM36.5m (up RM33.8m from FY 2019). Profit margin: 70% (up from 3.3% in FY 2019). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 27
Zelan Berhad Provides Update on Material Litigation Zelan Berhad announced that the Company, Zelan AM Services Sdn. Bhd and Konsesi Pusat Asasi Gambang Sdn Bhd were informed by its solicitors, that the High Court in Kuala Lumpur has allowed the applications filed by the Company, ZAM and KPAG to strike out the legal suit filed by Service Master (M) Sdn Bhd as Plaintiff against the Company, ZAM and KPAG as Defendants on 8 March 2021, by Court Order as follows: a) that the legal suit filed by the Plaintiff via Kuala Lumpur High Court No. WA-22NCC-546-11/2020 against all the Defendants be struck out; and (b) Cost of MYR 5,000.00 be paid by the Plaintiff to each Defendants. The Company will make further announcement on any material development relating to this matter from time to time. Reported Earnings • Nov 26
Third quarter 2020 earnings released: RM0.002 loss per share The company reported a mediocre third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: RM12.3m (up 60% from 3Q 2019). Net loss: RM1.35m (down 288% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 
