Balance sheet

Financial Year Ended 31 January YTD Q1 2027 2026 2025 2024 2023
  3 months
Unaudited
12 months
Audited
12 months
Audited
12 months
Audited
12 months
Audited
Presented in RM mil          
Total Assets 28,893 29,182 25,788 28,692 19,259
Total Liabilities 19,538 19,935 17,924 20,715 12,801
Total Equity 9,355 9,247 7,864 7,977 6,458
Total Borrowings 17,707 18,022 16,054 16,319 9,584
Total Borrowings – non-recourse 8,940 9,173 6,135 4,231 3,922
Total Borrowings – recourse 8,767 8,849 9,919 12,088 5,662
Net Assets Per Share (RM) 2.91 2.87 2.55 2.60 2.11
Adjusted Net Debt/Adjusted Core EBITDA (times) 4.95 3.92 5.91 4.32 3.94
Gross Gearing - Total Borrowings (times) 1.89 1.95 2.04 2.05 1.48
Gross Gearing - Excluding Non-recourse Borrowings % (times) 0.94 0.96 1.26 1.52 0.88
Net Gearing - Total Borrowings (times) 1.36 1.37 1.69 1.66 1.23
Net Gearing - Excluding Non-recourse Borrowings % (times) 0.40 0.38 0.91 1.13 0.62
Net Debt to EBITDA (times) 5.20 4.45 4.12 4.43 4.45
Current Ratio (Excluding Assets and Liabilities Held For Sale) (times) 2.22 2.11 1.58 1.05 0.98

Notes:

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