Company: ARBB
Filing Date: 2025-03-13
Form Type: F-3
Source: 0001213900-25-023721
Chunk: 6

Company: ARB IOT Group Ltd
Filing Date: 2025-03-13
Form: F-3
Chunk 6
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 tax, accounting or public company reporting purposes. Subsequently, on May 6, 2024, ARB Berhad transferred 7,503,858 Ordinary Shares of our Company, or approximately 28.38% of our issued and outstanding Ordinary Shares to ARB IOT Limited, an indirect subsidiary of ARB Berhad wholly owned through its direct subsidiary ARB Holdings Sdn Bhd. On July 1, 2024, Cahaya Fantasi Sdn Bhd, a Malaysian company subscribed for 4,000,000 ordinary shares of ARB Holdings Sdn Bhd at a price of RM0.1 per share, for a total consideration of RM400,000. As a result of this subscription, Cahaya Fantasi Sdn Bhd acquired 90.9% of the outstanding ordinary shares and voting power of ARB Holdings Sdn Bhd and ARB Berhad held the remaining 9.1% of ARB Holdings Sdn Bhd. As of March 13, 2025, ARB Holdings Sdn Bhd holds 100% equity interest of ARB IOT Limited, and ARB IOT Limited, in turn, directly holds 7,503,858 Ordinary Shares of us; and ARB Holdings Sdn Bhd is 90.9% owned by Cahaya Fantasi Sdn Bhd and 9.1% owned by ARB Berhad. As such, ARB Berhad is no longer a principal beneficial owner of the Company.

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Our revenue decreased from approximately $94.9 million for the fiscal year ended June 30, 2022 to approximately $51.9 million for the fiscal year ended June 30, 2023, a decrease of $43.0 million or 45.3%. Revenue decreased from approximately $51.9 million for the fiscal year ended June 30, 2023 to approximately $12.3 million for the fiscal year ended June 30, 2024, a decrease of $39.6 million or 76.0%. Our profit decreased from approximately $15.7 million for the fiscal year ended June 30, 2022 to approximately $5.9 million for the fiscal year ended June 30, 2023, a decrease of $9.8 million or 62.4%. Profit decreased from approximately $5.9 million for the fiscal year ended June 30, 2023 to a loss approximately $11.