Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 73

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 5
Chunk 73
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 increase of the income tax recovery was mainly due to over-provision of deferred tax expense
in the prior year, as well as the utilization of capital allowance and unabsorbed business losses carried forward from prior years.

(Loss)/profit for the year. For
the year ended June 30, 2024, the profit decreased by RM82.2 million ($17.5 million) or 298.6% to a loss of RM54.7 million ($11.6 million)
when compared with a profit of RM27.5 million ($5.9 million) for the year ended June 30, 2023. The decrease was in line with the decrease
in revenue as well as significant increase in depreciation expenses of plant and equipment and amortization expenses for intangible assets.

5. B. Liquidity and Capital Resources

As of June 30, 2025, we had cash and bank balances
of RM32.6 million ($7.7 million). To date, we have financed our operations primarily through net cash flow from operations, loans and
shares issued for cash.

The following table sets forth a summary of our
cash flows for the years ended:

                                                           Years Ended June 30,                                                                            
                                                           2023                                                                                            
                                                           (Restated)                                                                                      
                                                           (in thousands)                                                                                  
                                                           RM                                                                                              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash provided by operating activities                                           53,649       11,491       55,087       11,666         785       186  
  Net cash (used in)/provided by investing activities                                (71,609      (15,337      (28,655       (6,068       1,063       252  
  Net cash provided/(used in) by financing activities                                 44,873        9,611      (49,533      (10,490        (132       (31  
  Effect of currency translation                                                       1,099          235          278           59      (2,441      (579  
  Net increase/(decrease) in cash and cash equivalent                                 26,913        5,764      (23,101       (4,892       1,716       407  

Operating Activities

Operating activities provided RM0.8 million ($0.2
million) in cash for the year ended June 30, 2025, compared