Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 70

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 5
Chunk 70
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 the short term, the new model allows us to price our systems more competitively and we believe will provide more consistent and staggered
revenue.

The following table sets forth the breakdown of
our revenue by business lines.

                                                  For the years ended June 30,                                                                                
                                                  2023                                                                2024                                    
                                                                                                                                                              
                                                  (in thousands)                                                      (in thousands)                          
                                                  RM                                             USD                  RM                                      
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  IoT Smart Home and Building                                                         2,500      $           535                             470         100  
  IoT Gadget Distribution                                                            20,143                4,314                           5,717       1,211  
  IoT Smart Agriculture & System Development                                        219,489               47,011                          52,000      11,012  
  Total                                                                             242,132      $        51,860                          58,187      12,323  

Revenue from IoT Smart Home and Building was RM0.5
million ($0.1 million) for the year ended June 30, 2024, as compared to RM2.5 million ($0.5 million) for the year ended June 30, 2023,
a decrease of RM2.0 million ($0.4 million) or 81.2%. The decrease was primarily attributed to diminished sales performance for the year
ended June 30, 2024.

Revenue from IoT Gadget Distribution amounted
to RM5.7 million ($1.2 million) for the year ended June 30, 2024, from RM20.1 million ($4.3 million) for the year ended June 30, 2023,
a decrease of RM14.4 million ($3.1 million) or 71.6%. This business line was disposed of since October 2023 with the sale of our former
subsidiaries, ARB Midware Sdn. Bhd. and ARB Distribution Sdn. Bhd. on October 6, 2023. We disposed of this business line because of its
insignificant profit generation. The decrease in revenue was primarily due to the IoT Gadget Distribution business line generating
revenue for only three months before its disposition, as compared to the previous period where revenue was generated for the full year
ended June 30, 2023.

Revenue from IoT Smart Agriculture and