1. Services Segment - Encapsulates the Group's core activities in the area of providing services such as Hook-up Commissioning, Topside Major Maintenance, vessels management and time chartering, fabrication, subsea and underwater, as well as trading and engineering services.
  2. Marine Assets Segment - Comprise of subsidiaries which own the Group's marine assets and hold license to carry on leasing business in Labuan. Major business activity is bareboat chartering of vessel internally within the Group and to third party vessel management companies.
  3. Development and Production Segment - "The Group has been awarded the Banang Late Life Asset Production Sharing Contract (“LLA PSC”) by Petroliam Nasional Berhad (“PETRONAS”) effective 1 June 2024 for a tenure of 10 years granting the Group operatorship of the field with 100% participating interest to develop and produce petroleum resources from the Banang field, offshore Peninsular Malaysia."
Financial Year Ended 31 December 2025 2024 2023 2022 2021
  6 months
(Unaudited)
12 months
(Audited)
12 months
(Audited)
12 months
(Audited)
12 months
(Audited)
Presented in RM'000          
Services 45,026 252,067 348,494 243,893 119,945
  27.41% 50.47% 62.96% 65.79% 37.21%
Marine Assets 37,474 247,348 205,038 126,831 114,303
  22.81% 49.53% 37.04% 34.21% 35.46%
Development and Production 81,766 0 0 0 88,094
  49.78% - - - 27.33%
Total Revenue 164,266 499,415 553,532 370,724 322,342