Slide 1: Defensive Growth in Uncertain Times
Defensive Defensive Growth Growth in Uncertainin Times Uncertain Times
Slide 2: Disclaimer
)- Disclaimer This presentation has been prepared and issued by LMS Compliance Ltd. (‘LMS Compliance” or the “Company’, and together with its subsidiaries, the “Group’) to inform interested parties about the Company and its progress. The material contained in this presentation sets out general backg
Slide 3: Presenters
Presenters Dr Louis Ooi Allen Cheong CFA CEO Head of Sustainability & Capital Markets
Slide 4: Business Overview
Business Defensive Growth Overview in Uncertain Times
Slide 5: Introduction
Introduction • LMS Compliance Ltd is the only SGX-listed provider of testing, inspection, certification and assurance services (TICA), helping businesses meet regulatory, quality, safety and sustainability requirements. • With operations across Southeast Asia, LMS serves customers from a wide range
Slide 6: TIC market
TIC market TIC market to grow 3.8% CAGR from 2026 to 2031 to US$306 B, with Asia Pacific the fastest growing region
Slide 7: Corporate Profile
Corporate Profile LMS Compliance (SGX: LMS) is an established TICA group with more than 20 years of operational experience. With over 80% of the Group’s revenue coming from its testing and assessment segment attributable to repeat customers, LMS enjoys high earnings visibility. Company Operating At
Slide 8: Company Milestone
Company Milestone Listing in Singapor e on 1 Dec 2022
Slide 9: Product Portfolio
Product Portfolio LMS Compliance Ltd. REGULATORY CONFORMITY ASSURANCE, TESTING & CERTIFICATION CONSULTATION ASSESSMENT VALIDATION & ASSESSMENT TECHNOLOGY VERIFICATION ISO/IEC 17025 accredited ISO17021 accredited Trading and distribution of Marketing and distribution Partnering with legal experts lab
Slide 10: Industries and Footprint
Industries and Footprint Our clients span across a multitude of sectors in 10 countries: 1 Food (Novel) 2 Feed 3 Fertiliser 4 Pharmaceutical 5 Medical devices 6 Healthcare 7 Industrial 8 Greentech Our services allow businesses, their customers, regulators, and other stakeholders to assess the qualit
Slide 11: Geographical revenue mix
Geographical revenue mix Significant contribution to China market in FY2025 due to M&A access to China’s novel food certification market 0.8% 1.0% 19.5% FY2024 99.2% FY2025 79.5% Malaysia Others Malaysia China Others
Slide 12: Revenue mix by business
Revenue mix by business Significant increase in Certification business in FY2025 due to M&A access to China’s novel food certification market 2.9% 1.9% 4.5% 21.1% FY2024 FY2025 93.6% 76.0%
Slide 13: Compliance as a Service (CaaS)
Compliance as a Service (CaaS)
Slide 14: Our Decarbonisation Journey
Our Decarbonisation Journey 2023: Launched ESG assurance services 2024: Launched 3-in-1 2025: Obtained Duo Accreditation focusing on sustainability reporting and aizenz carbon accounting from SAC and Standard Malaysia as carbon accounting, licensed by workshops and onboarding an accredited Verificat
Slide 15: Carbon Calculation Software on SBF NetZeroHub
Carbon Calculation Software on SBF NetZeroHub
Slide 16: Accredited by SAC
Bt ESG ENABLER LOBAL LOCAL LABORATORIES IX Singapo BY Enterpri : “\ Accreditation Egterprise . Council acencorranion scieue ror Acsiagiee fergie ila Ree R Son vauonvionavenmicavionsopy | Soac Schedule | 2 a ied cetczone + yeansor sons Se Schedule ow sani Page 2of 2 Detect isaue = 28 Api 025 Date xpk
Slide 17: Financial Highlights
Financial Defensive Growth Highlights in Uncertain Times
Slide 18: Strong financial performance
Strong financial performance Revenue (RM’ AGR % C million) Dec 26 . 9 33.64 FYE 25.38 32.5 20.9 % 2025 growt h 2023 2024 2025
Slide 19: Strong financial position
Strong financial position Net Profit (RM’ AGR 19 % C million) Dec 6.76 15.3 FYE 5.86 % 4.77 2025 growt h > 20% net profit margin 2023 2024 2025 FY2023 and FY2024 net profit adjusted for forex differences
Slide 20: Minimal debt
Minimal debt Debt-to- equity Low DE ratio 8.7% and net cash 7.7% position 5.0% Cash*: RM 26.0M Debt: RM 2.4M Equity: RM 47.3M *cash and cash equivalents 2023 2024 2025
Slide 21: Positive operating cashflow
Positive operating cashflow Operating CF (RM’ million) Dec AG R % C FYE 23 9.2 Cash 6.1 6.3 generativ e business 80% repeated customer s 2023 2024 2025
Slide 22: 1H FY2026 results
1H FY2026 results Announce d on 5 Augus t 2026 Higher revenue from certification business in China 12.6% annualised ROE
Slide 23: 1H FY2026 Performance
1H FY2026 Performance "Our pe rform ance in the firs t half of 2026 re fle cts the re s ilie nce and adaptability of LMS Com pliance . The s te ady re ve nue growth and a s us taine d profit m argin de s pite challe nging m arke t conditions unde rs core the s tre ngth of our dive rs ifie d s e rvic
Slide 24: Growth Outlook
Growth Defensive Growth Outlook in Uncertain Times
Slide 25: Regulation-Led Growth: Building a Regional ESG Assurance Platform
Regulation-Led Growth: Building a Regional ESG Assurance Platform Regional Trust and Comprehensi Compliance ve ESG Ecosystem Traditional Platform Lab Testing Company
Slide 26: Positioned for the Next Phase of Growth
Positioned for the Next Phase of Growth Growth Catalysts ✓ Increasing regulatory requirements ✓ Rising emphasis on quality, safety and compliance ✓ Sustainability and ESG reporting requirements ✓Growing demand for independent verification and assurance ✓ Expansion into new high-growth sectors ✓ Digi
Slide 27: Digitalisation using SaaS platforms
Digitalisation using SaaS plaforms 31
Slide 28: Expanding to New Markets and High-Growth Sectors
Expanding to New Markets and High-Growth Sectors China Novel food testing and certification Regional Expansion ESG verification via Increasing our TIC + Assurance partnership services across the APAC Malaysia region EV and goods Singapore inspection ESG Slope measurement, monitoring and verification
Slide 29: Geographic Expansion: Unlocking the Chinese Market
Geographic Expansion: Unlocking the Chinese Market Malaysia (The Stable Core) RM12.56m Revenue (Stable y-o-y) Foundation of testing and assessment operations. China (The Breakout Growth Vector) Revenue explosion from RM0.15m (1H25) to RM5.44m (1H26) “| Driven by ACC Shanghai -| integration and new E
Slide 30: Strategic Catalyst: The Shanghai-Shenzhen-Singapore ESG Platform
Strategic Catalyst: The Shanghai-Shenzhen-Singapore ESG Platform [ Why it Matters l LMS ACC Shanghai Singapore/Malaysia (75% owned) Local Market Penetration & Quality Testing Tech. Capturing industrial clients needing to navigate strict global frameworks (CBAM, CORSIA, EU Battery Reg). bse ne aad In
Slide 31: Extending Carbon Moat
Extending Carbon Moat Capability Expansion Existing Capability New May 2026 Capability a= i —_, i Fil / Validation and Verification Body (VVB) for Accredited by Singapore Accreditation Council organizational greenhouse gas inventories. (SAC) for Carbon Footprint of Products.
Slide 32: Strategic M&As
Strategic M&As Continue to explore strategic M&As where opportunities arise • Acquired 30% equity interest in Prismatic Technologies Sdn Bhd for cash consideration of RM541,800 in May 2024. • Successfully completed Proof of Concept in advanced Slope Monitoring and Prevention technology in 2025 • Com
Slide 33: Investor Information
Investor Defensive Growth Informatio in Uncertain Times n
Slide 34: Share price performance since IPO
Share price performance since IPO • IPO Mkt Cap: S$22.73m | IPO price: S$0.26 | IPO size: S$3.64m | IPO Date: 1 Dec 2022 Market Cap more than doubled to S$59m (at 14 J ul 26) since IPO.
Slide 35: Share Price Performance
Share Price Peformance 129.3% LMS IPO STI Index66.1%
Slide 36: Shareholder key data
Shareholder key data 3-yr Average Dividend Payout ≈ 71% Shareholding Dividend Yield =2.33% (as of 25/6/26) Others Founders Total Shareholder Return =33.1% (FY25) | 22.2% 77.8% 34.9% (FY24) * Average Daily Trading Volume ≈ 23k shares ADTV % of Free Float ≈ 0.08% (s im ilar to liquidity thre s hold fo
Slide 37: Research coverage
Research coverage Issuer: uSMART Issuer: RHT Capital Report initiation date: Report update: Report initiation date: Report update: 30 J an 2026 17 J uly 2026 4 May 2026 6 August 2026 Target Price: S$0.44 S$0.495 + Target Price: S$0.68 + (maintained) 15% 58%
Slide 38: Key Highlights
Key Highlights • Defensive, high-moat business model • built on regulatory accreditations, technical expertise, recurring compliance demand and long-standing customer relationships—capabilities that take time, credibility and investment for new entrants to replicate. • benefits from increasingly str
Slide 39: Q&A
Q&A Defensive Growth in Uncertain Times