Balance sheet

Financial Year Ended 31 January Q2 2027 Q1 2027 Q4 2026 Q3 2026 Q2 2026
Total Assets (RM mil) 29,274 28,893 29,182 28,141 27,774
Total Liabilities (RM mil) 18,369 19,538 19,935 19,224 18,810
Total Equity (RM mil) 10,905 9,355 9,247 8,917 8,964
Total Borrowings (RM mil) 16,356 17,707 18,022 17,547 17,254
Total Borrowings – non-recourse (RM'mil) 13,578 8,940 9,173 10,357 10,580
Total Borrowings – recourse (RM mil) 2,778 8,767 8,849 7,190 6,674
Net Assets Per Share (RM) 3.39 2.91 2.87 2.77 2.79
Adjusted Net Debt/Adjusted Core EBITDA (Times) 4.59 4.95 3.92 4.50 4.48
Gross Gearing - Total Borrowings (Times) 1.50 1.89 1.95 1.97 1.92
Gross Gearing - Excluding Non-recourse Borrowings % (Times) 0.25 0.94 0.96 0.81 0.74
Net Gearing - Total Borrowings (Times) 1.11 1.36 1.37 1.66 1.45
Net Gearing - Excluding Non-recourse Borrowings % (Times) (0.14) 0.40 0.38 0.50 0.27
Net Debt to EBITDA (Times) 4.74 5.20 4.45 5.12 4.68
Current Ratio (Excluding Assets and Liabilities Held For Sale) (Times) 1.86 2.22 2.11 2.01 2.41

Note:

% Computed based on total loans and borrowings of the Group excluding non-recourse project financing loans