CHAIRMAN'S STATEMENT

Dear Valued Shareholders,

On behalf of the Board of Directors of Greenyield Berhad and its subsidiaries (“Greenyield” or the “Group”), it is my pleasure to present the Annual Report and Audited Financial Statements for the financial year ended 31 December 2024 (“FYE2024”).

ECONOMIC REVIEW AND FINANCIAL PERFORMANCE
For FYE2024, the Group recorded revenue of RM37.40 million compared to RM38.86 million in the previous financial year.

Despite a slight decline in revenue, the Group reported a significantly reduced loss before tax of RM6.25 million (FYE2023: RM12.66 million net loss), driven primarily by improved profit margins in the rubber estate segment. This was supported by favourable rubber prices and reduced operating costs in the rubber estate segment, as well as lower operating costs in the household goods segment.

Segmental revenue performance for FYE2024 is as follows:  Plantation inputs segment in FYE2024 was RM9.20 million (FYE2023: RM15.55 million), rubber estate segment was RM17.60 million (FYE2023: RM13.98 million), and household goods segment was RM10.66 million (FYE2023: RM9.33 million).

BUSINESS OUTLOOK AND PROSPECTS
Looking ahead, we are cautious about the Group’s prospects for 2025 due to global uncertainties. Renewed trade tensions and tariff policies under a second Trump administration will impact global trade flows. In addition, geopolitical conflicts such as the ongoing Russia-Ukraine war and tensions in the Middle East continue to pose risks to global economic stability.

Despite these challenges, the Group is committed to resilience and adaptability, positioning ourselves to pursue sustainable growth and long-term value creation.

The Board is hopeful that the improving commodity prices—particularly rubber—will lead to stronger sales in the plantation inputs segment. The rubber estate segment is also expected to benefit from the progressive opening of rubber trees for tapping, higher cup lump prices, and improved availability of foreign labour.

We will continue to seek growth opportunities while maintaining prudent cost management to support the Group’s long-term viability.

CORPORATE GOVERNANCE AND SUSTAINABILITY
At Greenyield, we remain steadfast in our commitment to upholding the highest standards of corporate governance and sustainability. Throughout FYE2024, we have cultivated a culture of transparency, accountability, and ethical conduct at all levels of the organisation.

DIVIDEND
The Board of Directors does not recommend any dividend payment for FYE2024.  This decision is made to conserve funds for working capital requirements and potential investments in viable assets that are expected to contribute to future revenue streams.

ACKNOWLEDGEMENT
I would like to express my heartfelt appreciation to our dedicated employees, whose commitment and perseverance have been instrumental in sustaining the Group’s operations during a challenging period.

We also wish to extend our sincere gratitude to our shareholders, customers, business partners, financiers, suppliers, and regulatory authorities for their continued support and trust in Greenyield.

Together, we will continue to navigate these times with purpose and resilience, building a stronger foundation for the future.

Tham Foo Keong
Non-Executive Chairman