Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 137

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 19
Chunk 137
---
% to100% at the date of acquisition.

Other than the above subsidiaries,
the controlling equity interest of individually immaterial subsidiaries remains unchanged for the year ended June 30, 2024.

15. REVENUE

                                                   For the year ended                                                                                
                                                   June 30,                                 June 30,                      June 30,                   
                                                   2025                                     2024                          2023                       
                                                   RM                                       RM                            RM                         
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue from contracts with customers                                                                                                              
  Project management fees – related companies                              -                              25,000,000                     29,105,000  
  Project management fees – third parties                                  -                                 470,000                      4,380,000  
  Sale of goods – related parties                                          -                                       -                     77,304,000  
  Sale of goods – third parties                                            197,320,000                    32,716,647                    131,343,250  
                                                                           197,320,000                    58,186,647                    242,132,250  
  Timing of revenue recognition                                                                                                                      
  Transferred at a point in time                                           197,320,000                    58,186,647                    242,132,250  

  (a)      Project management  

Revenue from project management fees are recognized
at a point in time when control of the goods is passed to the customer, which is point in time when the significant risks and rewards
are transferred to the customer and the transaction has met the probability of inflows and measurement reliability requirements of IFRS
15.

  (b)      Sale of goods  

The Group is engaged in supply and install customised
IoT software or hardware. The majority of the sale of goods contracts are supply and install customised a set of IoT Smart Agriculture
solution and customised source codes and reseller of mobile gadget and the relevant accessories.

Revenue from sale of goods is recognized at a
point in time when the Group satisfies a performance obligation by transferring a promised good (i. e. an asset) to a customer. An asset
is transferred as and when a customer obtains control of that asset which coincides with the delivery of goods and acceptance by the customer.

There is no material right of return and warranty
provided to the customers on the sale of goods and there is no significant financing component in the revenue arising from sale of goods
as the sales are