Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 9

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 3
Chunk 9
---
────────────

  changes in the personnel at our clients who are responsible for procurement of information technology, services or with whom we primarily interact;  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  a demand for price reductions by our clients; and  

  a decision by that client to move work in-house or to one or several of our competitors.  

The ability of our clients
to terminate their engagement with us at will makes our future sales amounts uncertain. We may not be able to replace any client that
chooses to terminate or not renew its contract with us, which could materially adversely affect our revenue and thus our results of operations.
Furthermore, terminations in engagements may make it difficult to plan our project resource requirements.

If a significant number
of clients cease using or reduce their usage of our services, we may be required to spend significantly more on sales and marketing than
we currently plan to spend in order to maintain or increase revenue from clients. Such changes could adversely affect our business, results
of operations and financial condition.

We depend on a limited number of customers for a large portion
of our revenues.

We consider a major customer in each period to
be a customer that accounted for more than 10% of overall revenues in such period.

For the year ended June 30, 2025, three major
customers accounted for 69.19% of our total revenue. For the year ended June 30, 2024, the two major customers of the Company were Powernow
(Asia) Sdn. Bhd., accounting for 46.4% of the total revenue, and ARB Analysis Sdn. Bhd, accounting for 29.2% of the total revenue. For
the year ended June 30, 2023, the major customers of the Company were PSSBJAYA Holdings Sdn. Bhd., accounting for 45.9% of the total revenue,
and Annum Industries Sdn. Bhd, accounting for 22.4% of the total revenue.

The loss of, or a substantial decrease in the
volume of, revenues by any of our top customers could harm our revenues and profitability. In addition, an adverse change in the terms
of our dealings with, or in the financial wherewithal or viability of, one or more of our significant customers could harm our business,
financial condition and results of operations.

We expect that a significant portion of our revenues