Agroz

Results mix project revenue with fresh‑produce sales. FY2024 revenue MYR 40.86m, gross profit MYR 14.82m; 1H 2025 revenue MYR 28.63m, gross profit MYR 6.73m. However operating cash flow was only MYR 0.94m in 2024 and MYR 0.04m in 1H 2025, while trade receivables ballooned to MYR 36.32m with increased ECL.

Customer concentration and contract‑timing effects reduce visibility. Going‑concern language further clouds outlook predictability.