Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 120

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 19
Chunk 120
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 approximately RM71.4million (and RM54.7million respectively. In addition, as of June 30, 2025,
the Group had cash and bank balances amounted to approximately RM32.6million while the total current liabilities are RM9.7million. The Group’s ability to meet these liquidity requirements depends on its ability to generate sufficient net cash
inflows from future operations and/or other sources. These facts and circumstances indicate the existence of material uncertainties
which may cast significant doubt on the Group’s ability to continue as a going concern.

In view of these circumstances, the directors
of the Company have given consideration to the future liquidity and performance of the Group in assessing whether the Group will have
sufficient financial resources to continue as a going concern. Taking into account the Group’s cash flow projection, including:

  Putting extra efforts on the collection of receivables to improve the turnover days.  

  Implementing various strategic to improve the cash flow status.  

F-10

2. MATERIAL ACCOUNTING POLICY INFORMATION
(CONT’ D)

Basis for preparation (Cont’d)

The directors of the Group consider that the Group will have sufficient
working capital to meet its financial obligations as they fall due for at least the next twelve months from the end of the reporting period
and accordingly, the consolidated financial statements have been prepared on a going concern basis.

The consolidated financial statements for the year ended June 30, 2025
do not include all the information and disclosures required in the annual consolidated financial statements and should be read in conjunction
with the Group’s annual consolidated financial statements as of June 30, 2025. Certain information and note disclosures normally
included in the annual consolidated financial statements prepared in accordance with the IFRS Accounting Standards have been condensed
or omitted consistent with Article 10 of Regulation S-X. In the opinion of the Group’s management, the consolidated financial statements
have been prepared on the same basis as the audited consolidated financial statements and include all adjustments, in normal recurring
nature, as necessary for the fair statement of the Group’s consolidated financial position as of June 30, 2025 and 2024, and consolidated
statements of operations and other comprehensive (loss)/income, changes in equity and cash flows for the years ended June 30, 2025, 2024
and 2023.

Historical cost convention

The consolidated financial statements have been prepared under the
historical cost convention, except for, where applicable, the revaluation of financial