Rce Capital Bhd.: Q2 quarter report… (Bursa Malaysia: RCECAP)

RCE Capital Berhad
Registration No: 195301000151 (2444-M)				Interim Financial Report
Incorporated in Malaysia			2nd Quarter Ended 30 September 2025
SUMMARY OF KEY FINANCIAL INFORMATION FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2025
		INDIVIDUAL QUARTER		CUMULATIVE QUARTER
		30.09.2025	30.09.2024	30.09.2025	30.09.2024
		RM'000	RM'000	RM'000	RM'000
1.	Revenue	82,673	80,408	162,459	159,523
2.	Profit before tax	41,395	37,976	76,898	78,422
3.	Profit for the financial period	29,309	27,826	55,298	58,150
4.	Profit attributable to
	ordinary equity holders
	of the Company	29,309	27,826	55,298	58,150
5.	Basic earnings per
	ordinary share (sen)	2.00	1.90	3.77	3.97
6.	Proposed/Declared dividend
	per share (sen)	3.00	3.00	3.00	3.00
		AS AT END OF		AS AT PRECEDING
			CURRENT		FINANCIAL
			QUARTER		YEAR END
7.	Net assets per share attributable
	to ordinary equity holders of
	the Company (RM)		0.58		0.57
		INDIVIDUAL QUARTER		CUMULATIVE QUARTER
		30.09.2025	30.09.2024	30.09.2025	30.09.2024
		RM'000	RM'000	RM'000	RM'000
8.	Gross interest income	8	1	10	2
9.	Gross interest expense	47	96	98	135

RCE Capital Berhad
Registration No: 195301000151 (2444-M)			Interim Financial Report
Incorporated in Malaysia		2nd Quarter Ended 30 September 2025
CONDENSED STATEMENT OF COMPREHENSIVE INCOME
INDIVIDUAL QUARTER			CUMULATIVE QUARTER
	3 MONTHS ENDED		6 MONTHS ENDED
	30.09.2025	30.09.2024	30.09.2025	30.09.2024
	RM'000	RM'000	RM'000	RM'000
Profit/interest income	73,085	72,951	144,279	144,977
Other revenue	9,588	7,457	18,180	14,546
Revenue	82,673	80,408	162,459	159,523
Other income	8,778	10,450	16,758	19,266
Profit/interest expense applicable to revenue	(24,353)	(25,673)	(48,533)	(51,185)
Directors' remuneration and staff costs	(10,612)	(12,391)	(18,143)	(19,695)
Allowances for impairment loss on
receivables, net	(5,253)	(6,362)	(16,573)	(14,109)
Depreciation of plant and equipment and
right-of-use ("ROU") assets	(903)	(1,027)	(1,931)	(2,083)
Amortisation of intangible assets	(528)	-	(807)	-
Other expenses	(8,360)	(7,333)	(16,234)	(13,160)
Finance costs	(47)	(96)	(98)	(135)
Profit before tax	41,395	37,976	76,898	78,422
Income tax expense	(12,086)	(10,150)	(21,600)	(20,272)
Profit/Total comprehensive income
for the financial period	29,309	27,826	55,298	58,150
Attributable to:
Owners of the Company	29,309	27,826	55,298	58,150
Earnings per ordinary share (sen):
Basic	2.00	1.90	3.77	3.97
Diluted	1.99	1.89	3.76	3.94
The Condensed Statement of Comprehensive Income should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2025 and the accompanying explanatory notes attached to the interim financial report.

RCE Capital Berhad
Registration No: 195301000151 (2444-M)	Interim Financial Report
Incorporated in Malaysia	2nd Quarter Ended 30 September 2025
CONDENSED STATEMENT OF FINANCIAL POSITION
	AS AT	AS AT
	30.09.2025	31.03.2025
	RM'000	RM'000
ASSETS
Non-Current Assets
Plant and equipment	3,750	4,911
ROU assets	1,920	2,518
Intangible assets	69,437	50,244
Financing receivables	1,722,970	1,722,953
Deferred tax assets	88,056	90,705
Total Non-Current Assets	1,886,133	1,871,331
Current Assets
Financing receivables	230,402	227,111
Trade receivables	53,720	54,850
Other receivables, deposits and prepaid expenses	50,321	65,385
Deposits with licensed financial institutions	709,894	625,626
Cash and bank balances	111,856	141,855
Total Current Assets	1,156,193	1,114,827
TOTAL ASSETS	3,042,326	2,986,158
EQUITY AND LIABILITIES
Equity attributable to owners of the Company
Share capital	204,881	204,881
Treasury shares	(4,948)	(4,948)
Reserves	646,930	639,581
Total Equity	846,863	839,514
Non-Current Liabilities
Payables and accrued expenses	-	4,228
Hire-purchase payables	361	532
Financing liabilities	1,086,346	1,132,397
Lease liabilities	28	36
Deferred tax liabilities	41,876	46,427
Total Non-Current Liabilities	1,128,611	1,183,620
Current Liabilities
Payables and accrued expenses	33,502	29,732
Hire-purchase payables	354	365
Financing liabilities	1,024,846	925,635
Lease liabilities	525	1,018
Tax liabilities	7,625	6,274
Total Current Liabilities	1,066,852	963,024
Total Liabilities	2,195,463	2,146,644
TOTAL EQUITY AND LIABILITIES	3,042,326	2,986,158
NET ASSETS PER SHARE (RM)	0.58	0.57
The Condensed Statement of Financial Position should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2025 and the accompanying explanatory notes attached to the interim financial report.

	Share Capital RM'000	Treasury Shares RM'000	Scheme ("ESS") RM'000	Retained Earnings RM'000	Total Reserves RM'000	Total RM'000
As at 1 April 2024	201,917	(4,948)	2,941	629,863	632,804	829,773
Total comprehensive income	-	-	-	58,150	58,150	58,150
Transactions with owners Dividends Options under ESS:	-	-	-	(51,300)	(51,300)	(51,300)
- Granted	-	-	5,372	-	5,372	5,372
- Exercised	-	-	(2,398)	(4,509)	(6,907)	(6,907)
- Cancelled	-	-	(89)	89	-	-
Total transactions with owners	-	-	2,885	(55,720)	(52,835)	(52,835)

As at 30 September 2024	201,917	(4,948)	5,826	632,293	638,119	835,088
As at 1 April 2025	204,881	(4,948)	4,694	634,887	639,581	839,514
Total comprehensive income	-	-	-	55,298	55,298	55,298
Transactions with owners
Dividends	-	-	-	(51,381)	(51,381)	(51,381)
Options under ESS:
- Granted	-	-	3,358	-	3,358	3,358
- Modification	-	-	76	-	76	76
- Cancelled	-	-	(215)	215	-	-
- Exercised	- -		(7) 5		(2) (2)
Total transactions with owners	-	-	3,212	(51,161)	(47,949)	(47,949)

As at 30 September 2025	204,881	(4,948)	7,906	639,024	646,930	846,863

RCE Capital Berhad
Registration No: 195301000151 (2444-M)	Interim Financial Report
Incorporated in Malaysia	2nd Quarter Ended 30 September 2025
CONDENSED STATEMENT OF CASH FLOWS
CUMULATIVE		CUMULATIVE
	QUARTER	QUARTER
	30.09.2025	30.09.2024
	RM'000	RM'000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax	76,898	78,422
Adjustments for:
Allowances for impairment loss on receivables, net	16,573	14,109
ESS expense	3,434	5,396
Depreciation of plant and equipment and ROU assets	1,931	2,083
Amortisation of intangible assets	807	-
Finance costs	98	135
Profit and interest income from deposits and bank balances	(13,158)	(14,236)
Operating profit before working capital changes	86,583	85,909
(Increase)/Decrease in working capital:
Financing receivables	(19,891)	31,088
Other receivables, deposits and prepaid expenses	23,087	2,395
Trade receivables	1,140	(103)
Increase/(Decrease) in working capital:
Payables and accrued expenses	769	(1,441)
Cash generated from operations	91,688	117,848
Taxes paid	(30,189)	(31,723)
Taxes refunded	542	225
Net cash generated from operating activities	62,041	86,350
CASH FLOWS FROM INVESTING ACTIVITIES
Profit and interest income from deposits and bank balances	13,158	14,236
Acquisition of intangible asset	(20,000)	-
Additions to plant and equipment	(284)	(404)
Net cash (used in)/generated from investing activities	(7,126)	13,832

RCE Capital Berhad
Registration No: 195301000151 (2444-M)	Interim Financial Report
Incorporated in Malaysia	2nd Quarter Ended 30 September 2025
CONDENSED STATEMENT OF CASH FLOWS
C	UMULATIVE	CUMULATIVE
	QUARTER	QUARTER
	30.09.2025	30.09.2024
	RM'000	RM'000
CASH FLOWS FROM FINANCING ACTIVITIES
Drawdown of:
- revolving credits	710,800	508,100
- term financings/loans	45,000	110,000
- other financing liabilities	464	902
Issuance of Sukuk Murabahah ("Sukuk")	100,000	-
Repayments of:
- revolving credits	(689,000)	(455,900)
- term financings/loans	(90,342)	(81,493)
- lease liabilities	(502)	(476)
- other financing liabilities	(464)	(902)
- hire-purchase payables	(181)	(187)
Dividends paid	(51,381)	(51,300)
Redemptions of Sukuk	(25,000)	(150,000)
(Placements)/withdrawal of deposits, cash and bank balances, net:
- assigned in favour of the trustees	(81,694)	54,904
- pledged to licensed financial institutions	1,804	(583)
Cash settlement for ESS	(1)	(8,355)
Finance costs paid	(39)	(73)
Net cash used in financing activities	(80,536)	(75,363)
Net change in cash and cash equivalents	(25,621)	24,819
Cash and cash equivalents at beginning of financial period	77,723	47,887
Cash and cash equivalents at end of financial period	52,102	72,706
CASH AND CASH EQUIVALENTS AS AT END OF FINANCIAL PERIOD COMPRISE THE FOLLOWING:
Deposits with licensed financial institutions	709,894	671,339
Cash and bank balances	111,856	139,361
	821,750	810,700
Less: Deposits, cash and bank balances
- assigned in favour of the trustees	(713,574)	(696,093)
- pledged to licensed financial institutions	(56,074)	(41,901)
	52,102	72,706
The Condensed Statement of Cash Flows should be read in conjunction with the audited financial statements of the Company for the financial year ended 31 March 2025 and the accompanying explanatory notes attached to the interim financial report.

RCE Capital Berhad
Registration No: 195301000151 (2444-M)		Interim Financial Report
Incorporated in Malaysia		2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
1.	BASIS OF PREPARATION
The interim financial report is unaudited and has been prepared in accordance with the requirements of Malaysian Financial Reporting Standard ("MFRS") 134 (Interim Financial Reporting) issued by the Malaysian Accounting Standards Board and paragraph 9.22 of the Main Market Listing Requirements ("Listing Requirements") of Bursa Malaysia Securities Berhad ("Bursa"). It also complies with IAS 34 (Interim Financial Reporting) issued by the International Accounting Standards Board and should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 March 2025.
2.	CHANGES IN MATERIAL ACCOUNTING POLICIES
The material accounting policies adopted by the Group in this interim financial report are consistent with those of the annual audited financial statements for the financial year ended 31 March 2025.
3.	AUDITORS' REPORT ON PRECEDING ANNUAL AUDITED FINANCIAL STATEMENTS
The auditors' report on the preceding annual audited financial statements was not subject to any qualification.
4.	SEASONAL OR CYCLICAL FACTORS
The Group's operations were not significantly affected by any seasonal or cyclical factors.
5.	UNUSUAL ITEMS
	There were no unusual items for the current quarter and financial period.

RCE Capital Berhad
Registration No: 195301000151 (2444-M)				Interim Financial Report
Incorporated in Malaysia			2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
6.	CHANGES IN ESTIMATES
There were no changes in estimates that have a material effect for the current quarter and financial period.
7.	DEBT AND EQUITY SECURITIES
	There were no issuance, repurchase and repayment of debt and equity securities for the financial period except for the following:
	(a)	Issuance of Sukuk by Al Dzahab Assets Berhad, an indirect and not a legal subsidiary of the Company as follow:
		IN	DIVIDUAL	CUMULATIVE
			QUARTER	QUARTER
			30.09.2025	30.09.2025
			RM'000	RM'000
		Issuance	-	100,000
	(b)	Redemption of Sukuk by Zamarad Assets Berhad, an indirect and not a legal subsidiary of the Company as follow:
		IN	DIVIDUAL	CUMULATIVE
			QUARTER	QUARTER
			30.09.2025	30.09.2025
			RM'000	RM'000
		Redemption upon maturity	25,000	25,000

RCE Capital Berhad
Registration No: 195301000151 (2444-M)				Interim Financial Report
Incorporated in Malaysia				2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
7.	DEBT AND EQUITY SECURITIES (CONT'D)
	(c)	ESS
In accordance with ESS By-Laws, the Company has:
		(i)	extended the maturity date of ESS from 19 October 2025 to 31 December 2026; and
		(ii)	granted 31,709,000 options to the eligible employees at an exercise price of RM0.96.
As at 30 September 2025, the number of ordinary shares, net of treasury shares is 1,468,035,142.
8.	DIVIDENDS
				30.09.2025	30.09.2024
				RM'000	RM'000
	Recognised during the financial period:
	-	Second interim dividend for 2024:
		7.00 sen per ordinary share, paid on 27 June 2024 to shareholders whose names appeared in the record of depositors on 14 June 2024		-	51,300
	-	Second interim dividend for 2025:
		3.50 sen per ordinary share, paid on 30 June 2025 to shareholders whose names appeared in the record of depositors on 16 June 2025		51,381	-
				51,381	51,300

RCE Capital Berhad
Registration No: 195301000151 (2444-M)			Interim Financial Report
Incorporated in Malaysia			2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
8.	DIVIDENDS (CONT'D)
The Board of Directors ("Board") has declared a first interim dividend of 3.00 sen per ordinary share ("1st interim dividend"), estimated at RM44,041,054 in respect of financial year ending 31 March 2026, to be paid on 30 December 2025.
A depositor shall qualify for entitlement to the dividend only in respect of:
	(a)	shares transferred into the depositor's securities account before 4.30 pm on 17 December 2025 in respect of ordinary transfers; and
	(b)	shares bought from Bursa on a cum entitlement basis.
This 1st interim dividend will be accounted for in equity as an appropriation of retained earnings in the financial year ending 31 March 2026.
9.	SEGMENT INFORMATION
	Segmental reporting is not presented as the Group is primarily engaged in the provision of shariah-compliant financing and conventional financing services.
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RCE Capital Berhad
Registration No: 195301000151 (2444-M)			Interim Financial Report
Incorporated in Malaysia		2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
10.	PROFIT BEFORE TAX
The following items have been charged/(credited) in arriving at the profit before tax:
	IN	DIVIDUAL	CUMULATIVE
		QUARTER	QUARTER
		30.09.2025	30.09.2025
		RM'000	RM'000
	Income from deposits and bank balances
	- profit income	(6,666)	(13,148)
	- interest income	(8)	(10)
		(6,674)	(13,158)
There were no exceptional items, inventories written down and written off, allowance for impairment loss on investment properties, gain or loss on disposal of quoted or unquoted investments or properties and gain or loss on derivatives for the current quarter and financial period.
11.	MATERIAL EVENTS SUBSEQUENT TO THE END OF THE INTERIM PERIOD
	As at the date of this announcement, there were no material events subsequent to the end of the interim period that affect the results of the Group.
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RCE Capital Berhad
Registration No: 195301000151 (2444-M)		Interim Financial Report
Incorporated in Malaysia		2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
12.	CHANGES IN THE COMPOSITION OF THE GROUP
There was no change in the composition of the Group during the financial period.
13.	REVIEW OF PERFORMANCE
	INDIVIDUAL QUARTER	CUMULATIVE QUARTER
	30.09.2025 30.09.2024 Variance	30.09.2025 30.09.2024 Variance
	RM'000 RM'000 RM'000 %	RM'000 RM'000 RM'000 %
	Revenue 82,673 80,408 2,265 2.8	162,459 159,523 2,936 1.8
	Profit before tax 41,395 37,976 3,419 9.0	76,898 78,422 (1,524) (1.9)
	Profit for the financial period 29,309 27,826 1,483 5.3	55,298 58,150 (2,852) (4.9)
	Profit attributable to ordinary
	equity holders of the Company 29,309 27,826 1,483 5.3	55,298 58,150 (2,852) (4.9)
	In the current quarter, the Group recorded a revenue growth mainly driven by higher fee income from increased disbursement as compared to corresponding quarter.
	This led to higher pre- and post-tax profit after accounting for lower directors' remuneration and staff costs and profit/interest expense.
	Notwithstanding the above, the Group's pre- and post-tax profit for the six months period ended 30 September 2025 were lower primarily due to higher operating expenses and allowances for impairment loss on receivables, offset with higher fee income.
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RCE Capital Berhad
Registration No: 195301000151 (2444-M)				Interim Financial Report
Incorporated in Malaysia			2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
14.	MATERIAL CHANGE IN RESULTS OF CURRENT QUARTER COMPARED WITH PRECEDING QUARTER
INDIVIDUAL QUARTER
		30.09.2025	30.06.2025	Variance
		RM'000	RM'000	RM'000	%
	Revenue	82,673	79,786	2,887	3.6
	Profit before tax	41,395	35,503	5,892	16.6
	Profit for the financial period	29,309	25,989	3,320	12.8
	Profit attributable to ordinary
	equity holders of the Company	29,309	25,989	3,320	12.8
As disbursement momentum continued, higher fee and early settlement income were registered in the current quarter as compared to preceding quarter.
The Group also recorded a lower allowances for impairment loss on receivables.
All-in-all, the Group recorded higher pre- and post-tax profit in the current quarter.
15.	CURRENT YEAR PROSPECTS
	On 9 July 2025, the 25 basis points reduction in Overnight Policy Rate as announced by Bank Negara Malaysia has eased the Group's funding cost and is expected to augur well for the robust financing demand by civil servants.
	The Group continues with its conservative credit underwriting stance to safeguard asset quality amidst heightened credit risks, ensuring sustainability of business performance.
	To complement its growth strategy, the Group focused on various marketing campaigns and channels. Enhancements in existing information system infrastructure are expected to improve market reach, customer experience and operational efficiency.
	The Group expects to remain profitable for the financial year ending 31 March 2026.

RCE Capital Berhad
Registration No: 195301000151 (2444-M)			Interim Financial Report
Incorporated in Malaysia		2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
16.	PROFIT FORECAST
There were no profit forecast prepared or profit guarantee made by the Group.
17.	INCOME TAX EXPENSE
	INDIVIDUAL		CUMULATIVE
		QUARTER	QUARTER
		30.09.2025	30.09.2025
		RM'000	RM'000
	Income tax payable:
	Current period	10,130	23,504
	Deferred tax:
	Current period	1,956	(1,904)
		12,086	21,600
The effective tax rate of the Group in the current quarter and financial period is higher than the statutory tax rate due to non-deductibility of certain expenses for taxation purposes.
18.	STATUS OF CORPORATE PROPOSALS
	There were no corporate proposals announced but not completed as at the date of this report.
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RCE Capital Berhad
Registration No: 195301000151 (2444-M)				Interim Financial Report
Incorporated in Malaysia			2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
19.	FINANCING RECEIVABLES
			As at 30.09.2025
				Receivables
			Financing	Loans	Total
			RM'000	RM'000	RM'000
	At amortised cost, gross		2,090,680	4,637	2,095,317
	Less: Allowances for impairment		(140,460)	(1,485)	(141,945)
			1,950,220	3,152	1,953,372
	Amount receivable within one year		(229,938)	(464)	(230,402)
	Non-current portion		1,720,282	2,688	1,722,970
	During the financial period, there was no transaction with related parties in relation to the Group's financing receivables.
	Movement in allowances for impairment:
		Stage 1	Stage 2	Stage 3	Total
		RM'000	RM'000	RM'000	RM'000
	Balance as at 1 April 2025	43,418	1,716	95,530	140,664
	Changes in the expected credit
	loss ("ECL"):
	- Transfer to Stage 1	278	(121)	(8,392)	(8,235)
	- Transfer to Stage 2	(67)	454	(766)	(379)
	- Transfer to Stage 3	(762)	(271)	31,544	30,511
	Net adjustment of allowances for
	impairment	(551)	62	22,386	21,897
	New financial assets originated or
	purchased	6,107	-	-	6,107
	Financial assets derecognised	(1,242)	(23)	(1,292)	(2,557)
	Changes in risk parameters	(5,471)	(181)	(3,211)	(8,863)
	Written off	-	-	(15,303)	(15,303)
	Balance as at 30 September 2025	42,261	1,574	98,110	141,945

RCE Capital Berhad
Registration No: 195301000151 (2444-M)			Interim Financial Report
Incorporated in Malaysia		2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
19.	FINANCING RECEIVABLES (CONT'D)
The Group applied the latest economic scenarios to reflect probability-weighted range of possible future outcome and factor in forecasted Real Gross Domestic Product, a forward looking element used for the ECL calculation. Accordingly, the ECL during the financial period has been adjusted to reflect the impact of latest economic conditions.
20.	GROUP FINANCING LIABILITIES AND DEBT SECURITIES
	Total financing liabilities and debt securities (all denominated in Ringgit Malaysia) of the Group are as follow:
		As at 30.09.2025
		Short	Long
		Term	Term	Total
		RM'000	RM'000	RM'000
	At amortised cost
	Secured:
	Shariah
	- Sukuk	260,614	796,020	1,056,634
	- Revolving credits	355,522	-	355,522
	- Term financings	106,400	206,654	313,054
		722,536	1,002,674	1,725,210
	Conventional
	- Revolving credits	149,529	-	149,529
	- Term loans	59,739	83,672	143,411
		209,268	83,672	292,940
		931,804	1,086,346	2,018,150
	Unsecured:
	Shariah
	- Revolving credits	85,040	-	85,040
	Conventional
	- Revolving credits	8,002	-	8,002
		93,042	-	93,042
		1,024,846	1,086,346	2,111,192

RCE Capital Berhad
Registration No: 195301000151 (2444-M)			Interim Financial Report
Incorporated in Malaysia		2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
20.	GROUP FINANCING LIABILITIES AND DEBT SECURITIES (CONT'D)
		As at 30.09.2024
		Short	Long
		Term	Term	Total
		RM'000	RM'000	RM'000
	At amortised cost
	Secured:
	Shariah
	- Sukuk	211,074	816,156	1,027,230
	- Revolving credits	289,794	-	289,794
	- Term financings	73,623	137,696	211,319
		574,491	953,852	1,528,343
	Conventional
	- Revolving credits	304,394	-	304,394
	- Term loans	66,851	143,025	209,876
		371,245	143,025	514,270
		945,736	1,096,877	2,042,613
	Unsecured:
	Conventional
	- Revolving credits	8,004	-	8,004
		953,740	1,096,877	2,050,617
	As at 30 September 2025, the Group's weighted average profit/interest rate by categories of financing liabilities ranges from 4.4% to 4.8% (30.09.2024: 4.4% to 5.2%) per annum.
	The Group's financing liabilities consist of:
			30.09.2025	30.09.2024
			RM'000	RM'000
	Fixed rate		1,121,892	1,092,424
	Floating rate		989,300	958,193
			2,111,192	2,050,617

RCE Capital Berhad
Registration No: 195301000151 (2444-M)			Interim Financial Report
Incorporated in Malaysia			2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
20.	GROUP FINANCING LIABILITIES AND DEBT SECURITIES (CONT'D)
The Group's financing liabilities increased to RM2.11 billion from RM2.05 billion a year ago. This was primarily due to RM225.0 million issuance of Sukuk and RM31.2 million net drawdown of financing liabilities, offset with RM200.0 million Sukuk redemption.
21.	CAPITAL COMMITMENTS
			30.09.2025
			RM'000
	Capital expenditure approved and contracted for		628
22.	CHANGES IN CONTINGENT LIABILITIES AND ASSETS
As at 30 September 2025, the letter of credit stood at RM0.6 million, representing an increase of RM0.1 million as compared to 30 June 2025.
Other than as disclosed above, there were no other changes in contingent liabilities or assets since the last financial year ended 31 March 2025.
23.	DERIVATIVES AND FAIR VALUE CHANGES OF FINANCIAL LIABILITIES
	(a)	There were no derivatives as at 30 September 2025.
	(b)	There were no fair value gain/loss on fair value changes of financial liabilities as all financial liabilities were measured at amortised cost.

RCE Capital Berhad
Registration No: 195301000151 (2444-M)						Interim Financial Report
Incorporated in Malaysia					2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
24.	CHANGES IN MATERIAL LITIGATION
There were no pending material litigation for the Group as at the date of this report.
25.	EARNINGS PER SHARE ("EPS")
				INDIVIDUAL		CUMULATIVE
				QUARTER		QUARTER
				30.09.2025	30.09.2024	30.09.2025	30.09.2024
	(a)	Basic EPS:
		Profit for the period
		attributable to ordinary
		equity holders of the
		Company	(RM'000)	29,309	27,826	55,298	58,150
		Weighted average
		number of ordinary
		shares in issue	(unit'000)	1,468,035	1,465,701	1,468,035	1,465,701
		Basic EPS	(sen)	2.00	1.90	3.77	3.97
		Basic EPS for the current quarter and financial period are calculated by dividing the net profit attributable to ordinary equity holders of the Company by the weighted average number of ordinary shares in issue during the current quarter and financial period.

RCE Capital Berhad
Registration No: 195301000151 (2444-M)						Interim Financial Report
Incorporated in Malaysia					2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
25.	EPS (CONT'D)
				INDIVIDUAL		CUMULATIVE
				QUARTER		QUARTER
				30.09.2025	30.09.2024	30.09.2025	30.09.2024
	(b)	Diluted EPS:
		Profit for the period
		attributable to ordinary
		equity holders of the
		Company	(RM'000)	29,309	27,826	55,298	58,150
		Weighted average
		number of ordinary
		shares in issue	(unit'000)	1,468,035	1,465,701	1,468,035	1,465,701
		Effects of dilution of ESS	(unit'000)	3,248	8,894	3,318	8,986
		Adjusted weighted average
		number of ordinary shares
		in issue	(unit'000)	1,471,283	1,474,595	1,471,353	1,474,687
		Diluted EPS	(sen)	1.99	1.89	3.76	3.94
		Diluted EPS are calculated by dividing the net profit attributable to ordinary equity holders of the Company by the weighted average number of ordinary shares adjusted for dilutive effects of ESS.

RCE Capital Berhad
Registration No: 195301000151 (2444-M)		Interim Financial Report
Incorporated in Malaysia		2nd Quarter Ended 30 September 2025
NOTES TO THE INTERIM FINANCIAL REPORT
26.	FAIR VALUE OF FINANCIAL INSTRUMENTS
The carrying amount of financial assets and liabilities of the Group for the financial period approximate their fair values except for the following:
30.09.2025
		Carrying
		amount	Fair value
		RM'000	RM'000
	Financial assets
	Financing receivables	1,953,372	1,967,081
	Financial liabilities
	Sukuk	1,056,634	1,089,881
BY ORDER OF THE BOARD
JOHNSON YAP CHOON SENG
Company Secretary
18 November 2025

Q2 Quarter Report for Financial Year Ended 2026

Earlier from Rce Capital Bhd