# EDGAR Filing Document

**Accession Number:** 0002029138
**File Stem:** 0001213900-25-114424
**Filing Date:** 2025-11
**Character Count:** 157100
**Document Hash:** 99c5af084f5cc56822baa62d8a043b3f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-114424.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001213900-25-114424

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 118

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SAGTEC GLOBAL Ltd
- **CENTRAL INDEX KEY:** 0002029138
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** N8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42551
- **FILM NUMBER:** 251515457

**BUSINESS ADDRESS:**
- **STREET 1:** NO 43-2
- **STREET 2:** JALAN BESAR KEPONG
- **CITY:** KUALA LUMPUR
- **STATE:** N8
- **ZIP:** 52100
- **BUSINESS PHONE:** 60333100089

**MAIL ADDRESS:**
- **STREET 1:** NO 43-2
- **STREET 2:** JALAN BESAR KEPONG
- **CITY:** KUALA LUMPUR
- **STATE:** N8
- **ZIP:** 52100

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16**

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of November 2025**

**Commission File Number: 001-42551** 

**SAGTEC GLOBAL LIMITED**

**(Registrant's Name)**

**No 43-2, Jalan Besar Kepong, Pekan Kepong, 52100 Kuala Lumpur**

**(Address of Principal Executive Offices)**

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒&nbsp;&nbsp;&nbsp;&nbsp; Form 40-F ☐

**INFORMATION CONTAINED IN THIS FORM 6-K REPORT**

This report on Form 6-K includes the nine-month interim financial statements for the period ended September 30, 2025 ("2025 Interim Financials"), and the Management's Discussion and Analysis of Financial Condition and Results of Operations for the same period for Sagtec Global Limited. (the "Company"). The 2025 Interim Financials are included as Exhibit 99.1, and the Management's Discussion and Analysis of Financial Condition and Results of Operations are included as Exhibit 99.2 to this report on Form 6-K. A press release discussing the financial statements is included as Exhibit 99.3 to this report on Form 6-K.

This report on Form 6-K (including exhibits thereto) shall be incorporated by reference into any registration statement filed by the Company with the Securities and Exchange Commission (the "SEC") that by its terms automatically incorporates the Company's filings and submissions with the SEC under Sections 13(a), 13(c) or 15(d) of the Securities Exchange Act of 1934, and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

**Financial Statements and Exhibits.**

The following exhibits are being filed herewith:

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Unaudited Interim Condensed Financial Statements for the Nine Months Ended September 30, 2025 and 2024](ea026671601ex99-1_sagtec.htm) |
| 99.2 | [Management's Discussion and Analysis of Financial Condition and Results of Operations for the Nine Months ended September 30, 2025 and 2024](ea026671601ex99-2_sagtec.htm) |
| 99.3 | [Press Release dated November 25, 2025, titled "Sagtec Delivers 226% Surge in Net Profit as Revenue Nearly Doubles in 2025 Interim Results".](ea026671601ex99-3_sagtec.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| **SAGTEC GLOBAL LIMITED** | **SAGTEC GLOBAL LIMITED** |
| By: | */s/ Ng Chen Lok* |
| Name: | Ng Chen Lok |
| Title: | Chairman, Chief Executive Officer and Executive Director |

---

Date: November 25, 2025

## Exhibit 99.1

?xml version='1.0' encoding='ASCII'?

**Exhibit 99.1**

**SAGTEC GLOBAL LIMITED**

**INDEX TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| **CONTENTS** | **PAGE(S)** |
| [Unaudited Interim Condensed Consolidated Statements of Financial Position](#a_001) | F-2 |
| [Unaudited Interim Condensed Consolidated Statements of Profit or Loss and Other Comprehensive Income](#a_002) | F-3 |
| [Unaudited Interim Condensed Consolidated Statements of Changes in Equity](#a_003) | F-4 |
| [Unaudited Interim Condensed Consolidated Statements of Cash Flows](#a_004) | F-5 |
| [Notes to Unaudited Interim Condensed Consolidated Financial Statements](#a_005) | F-6 |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 2024 AND SEPTEMBER 30, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **As of** | **As of** | **As of** |
|  | <br>**Note** | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  |  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>ASSETS</u>** |  | | | |
| **Non-current assets** |  | | | |
| &nbsp;&nbsp;&nbsp;Plant and equipment | 7 | 14253818 | 37827225 | 8985943 |
| &nbsp;&nbsp;&nbsp;Right-of-use assets | 8 | 170026 | 1548802 | 367921 |
| &nbsp;&nbsp;&nbsp;Total non-current assets |  | 14423844 | 39376027 | 9353864 |
| **Current assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Trade receivables, net | 9 | 8409351 | 17832831 | 4236230 |
| &nbsp;&nbsp;&nbsp;Other receivables | 10 | 2867160 | 771408 | 183250 |
| &nbsp;&nbsp;&nbsp;Cash and short term deposits | 11 | 1654146 | 3043907 | 723088 |
| &nbsp;&nbsp;&nbsp;Total current assets |  | 12930657 | 21648146 | 5142568 |
| **Total assets** |  | 27354501 | 61024173 | 14496432 |
| **<u>LIABILITIES AND EQUITY</u>** |  |  |  |  |
| **Current liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Trade payables | 9 | - | 555146 | 131877 |
| &nbsp;&nbsp;&nbsp;Other payables | 10 | 1172737 | 1569168 | 372759 |
| &nbsp;&nbsp;&nbsp;Provisions | 13 | 441353 | 409992 | 97395 |
| &nbsp;&nbsp;&nbsp;Tax payable | 15 | 3918926 | 4476000 | 1063284 |
| &nbsp;&nbsp;&nbsp;Lease liabilities | 8 | 52768 | 319463 | 75889 |
| &nbsp;&nbsp;&nbsp;Bank overdraft | 14 | 104587 | 526066 | 124968 |
| &nbsp;&nbsp;&nbsp;Bank borrowings | 14 | 736481 | 778869 | 185022 |
| Total current liabilities |  | 6426852 | 8634704 | 2051194 |
| **Non-current liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Lease liabilities | 8 | 109809 | 1118502 | 265703 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank borrowings | 14 | 2526234 | 1942299 | 461398 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred tax liabilities | 15 | 907405 | 953525 | 226512 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total non-current labilities |  | 3543448 | 4014326 | 953613 |
| **Total liabilities** |  | 9970300 | 12649030 | 3004807 |
| **Equity** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Share capital, 10,800,000 common shares issued and outstanding with no par value, unlimited authorized share | 4 | 1145780 | 1145780 | 272183 |
| &nbsp;&nbsp;&nbsp;Issuance of 1,950,000 ordinary shares with no par value | 4 | - | 20012328 | 4753973 |
| &nbsp;&nbsp;&nbsp;Reserves | 16 | 3280388 | 3280388 | 779264 |
| &nbsp;&nbsp;&nbsp;Retained earnings |  | 12365963 | 23195623 | 5510173 |
| &nbsp;&nbsp;&nbsp;Shareholders' equity |  | 16792131 | 47634119 | 11315593 |
| &nbsp;&nbsp;&nbsp;Non-controlling interest |  | 592070 | 741024 | 176032 |
| **Total equity** |  | 17384201 | 48375143 | 11491625 |
| **Total liabilities and equity** |  | 27354501 | 61024173 | 14496432 |

---

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | <br>**Note** | **2024** | **2025** | **2025** |
|  |  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Revenue | 17 | 32359976 | 63765238 | 15147576 |
| Total revenue |  | 32359976 | 63765238 | 15147576 |
| Cost of sales | 18 | (25422507) | (48435188) | (11505889) |
| Total cost of sales |  | (25422507) | (48435188) | (11505889) |
| Gross profit |  | 6937469 | 15330050 | 3641687 |
| Selling and administrative expenses | 19 | (1454482) | (2971316) | (705843) |
| Selling and administrative expenses from related parties | 19 | (559382) | (778567) | (184950) |
| Income from operations before income tax |  | 4923605 | 11580167 | 2750894 |
| Other income |  | 214114 | 1236009 | 293617 |
| Finance costs |  | (193434) | (190716) | (45305) |
| **Profit before income tax** |  | 4944285 | 12625460 | 2999206 |
| Income tax expense | 15 | (1580764) | (1646846) | (391212) |
| **Net Profit for the period, representing total comprehensive income for the period** |  | 3363521 | 10978614 | 2607994 |
| **Profit attributable to:** |  |  |  |  |
| Equity owners of the Company |  | 3228979 | 10829660 | 2572610 |
| Non-controlling interests |  | 134542 | 148954 | 35384 |
| Total |  | 3363521 | 10978614 | 2607994 |
| **Weighted Average Number of Common Shares Outstanding – Basic and Diluted** |  | 10800000 | 12750000 | 12750000 |
| **Basic and Diluted Net Income per Share** |  | 0.2990 | 0.8494 | 0.2018 |

---

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Note** | **Number of outstanding shares** | **Share capital** | **Reserves** | **Retained earnings** | **Shareholders' <br> equity** | **Non-controlling interest** | **Total equity** |
|  |  | | **RM** | **RM** | **RM** | **RM** | **RM** | **RM** |
| Balance at January 1, 2024 |  | 10800000 | 1145780 | 3280388 | 5439549 | 9865717 | 352974 | 10218691 |
| Net profit for the period |  | - | - | - | 3228979 | 3228979 | 134542 | 3363521 |
| Balance at September 30, 2024 |  | 10800000 | 1145780 | 3280388 | 8668528 | 13094696 | 487516 | 13582212 |
| Net profit for the period |  | - | - | - | 3697435 | 3697435 | 104554 | 3801989 |
| Balance at December 31, 2024 |  | 10800000 | 1145780 | 3280388 | 12365963 | 16792131 | 592070 | 17384201 |
| Issuance of ordinary shares upon IPO, net | 4 | 1750000 | 20012328 | - | - | 20012328 | - | 20012328 |
| Issuance of ordinary shares | 4 | 200000 | - | - | - | - | - | - |
| Net profit for the period |  | - | - | - | 10829660 | 10829660 | 148954 | 10978614 |
| Balance at September 30, 2025 |  | 12750000 | 21158108 | 3280388 | 23195623 | 47634119 | 741024 | 48375143 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Note** | **Number of outstanding shares** | **Share capital** | **Reserves** | **Retained earnings** | **Shareholders' <br> equity** | **Non-controlling interest** | **Total equity** |
|  |  | | **USD** | **USD** | **USD** | **USD** | **USD** | **USD** |
| Balance at September 30, 2024 |  | 10800000 | 272183 | 779264 | 2059228 | 3110675 | 115811 | 3226486 |
| Balance at September 30, 2025 |  | 12750000 | 5026156 | 779264 | 5510173 | 11315593 | 176032 | 11491625 |

---

Equity transaction reflect changes in a parent's ownership interest in a subsidiary that do not result in the parent losing control of the subsidiary.

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | | **2024** | **2025** | **2025** |
|  | | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **CASH FLOWS FROM OPERATING ACTIVITIES:** |  |  |  |  |
| Net Profit for the period |  | 3363521 | 10978614 | 2607994 |
| *<u>Adjustments to reconcile net profit to net cash used in operating activities:</u>* |  |  |  |  |
| Provisions |  | (114290) | (31361) | (7450) |
| Depreciation |  | 1226224 | 2452065 | 582494 |
| Amortization |  | 41442 | 62867 | 14934 |
| Imputed interest of lease liability |  | 7805 | 10781 | 2561 |
| Finance costs |  | 193434 | 190716 | 45305 |
| Overdraft charges |  | 78027 | 78643 | 18682 |
| Income tax expenses |  | 1580764 | 1646846 | 391212 |
| Gain on disposal of plant & equipment |  | - | (460) | (109) |
| Gain on lease termination |  | - | (4790) | (1138) |
| Operating cash flows before movements in working capital |  | 6376927 | 15383921 | 3654485 |
| Trade receivables |  | (5747931) | (9423480) | (2238568) |
| Other receivables and prepayment |  | 2389849 | 2095752 | 497851 |
| Other payables and accrued liabilities |  | 321348 | 396431 | 94174 |
| Trade payables |  | 2656836 | 555146 | 131876 |
| Deferred revenue |  | (2541920) | - | - |
| Cash generated from operations |  | 3455109 | 9007770 | 2139818 |
| Income tax paid |  | - | (1043652) | (247922) |
| **Net cash provided by operating activities** |  | 3455109 | 7964118 | 1891896 |
| **Investing activities** |  |  |  |  |
| Purchase of plant and equipment |  | (4664732) | (26858184) | (6380222) |
| Proceeds from disposal of plant and equipment |  | - | 833172 | 197922 |
| **Net cash used in investing activities** |  | (4664732) | (26025012) | (6182300) |
| **Financing activities** |  |  |  |  |
| Issuance of ordinary shares upon IPO, net |  | - | 20012328 | 4753973 |
| Repayment of lease liabilities |  | (42813) | (172246) | (40918) |
| Increase in fixed deposits |  | (27580) | (18832) | (4474) |
| Overdraft charges paid |  | (78027) | (78643) | (18682) |
| Repayment of bank loans |  | (193434) | (541547) | (128646) |
| Loan interest paid |  | (471402) | (190716) | (45305) |
| Proceeds from bank loans |  | 1000000 | - | - |
| Proceeds from amount due to shareholders |  | (886) | - | - |
| Proceeds from amount due to directors |  | (219866) | - | - |
| **Net cash (used in)/provided by financing activities** |  | (34008) | 19010344 | 4515948 |
| Net (decrease)/increase in cash and cash equivalents |  | (1243631) | 949450 | 225544 |
| Cash and cash equivalents at beginning of period | 11 | (241006) | 370129 | 87926 |
| Cash and cash equivalents at end of period | 11 | (1484637) | 1319579 | 313470 |

---

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **1** | **ORGANIZATION AND PRINCIPAL ACTIVITIES** |

---

Sagtec Global Limited (the "Company") was incorporated in the British Virgin Islands on October 31, 2023 with registered office at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands while principal place of business of the Company at No. 43-2, Jalan Besar Kepong, Pekan Kepong, 52100 Kuala Lumpur, Malaysia.

The group structure which represents the operating subsidiaries and dormant companies as of the reporting date is as follow:

![](ex99-1_001.jpg)

Details of the Company and its subsidiaries (collectively, the "Group") are shown in the table below:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Percentage of effective ownership** | **Percentage of effective ownership** | **Percentage of effective ownership** | **Percentage of effective ownership** | **Percentage of effective ownership** |
| | **September 30,** | **September 30,** | **September 30,** | **September 30,** | **September 30,** |
| <br>**Name** | **Date of <br> incorporation** | **2025** | **2024** | **Place of <br> incorporation** | **Principal <br> activities** |
|  |  | **%** | **%** |  |  |
| Sagtec Global Limited | October 31, 2023 |  |  | British Virgin Islands | Holding company |
| Sagtec Group Sdn Bhd | June 11, 2018 | 98.04 | 98.04 | Malaysia | Food & beverage SAAS |
| CL Technologies (International) Sdn Bhd | February 14, 2019 | 94.95 | 94.95 | Malaysia | Food & beverage software & server hosting |

---

The Group develops IT products, services, and solutions using the subscription as a service model, generating stable and sustainable revenue from our SaaS offerings.

As described above, the Company, through a series of transactions which is accounted for as a reorganization of entities under a common control (the "Reorganization"), will become the ultimate parent of its subsidiaries.

Through the reorganization, the Company will be the holding company of its subsidiaries. Accordingly, the consolidated financial statements will be prepared on a consolidated basis by applying the principle of common control as if the reorganization has been completed at the beginning of the first reporting period.

Based on the above, the Group concluded that the Company and its subsidiaries are effectively controlled by the shareholder before and after the Reorganization and the Reorganization is considered under common control. The transactions above were accounted for as a recapitalization. The consolidation of the Company and its subsidiaries has been accounted for at carrying value and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated financial statements.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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| | |
|:---|:---|
| **2** | **MATERIAL ACCOUNTING POLICIES** |

---

**BASIS OF PREPARATION**

The unaudited interim condensed consolidated financial statements have been prepared in accordance with the historical cost basis, except as disclosed in the accounting policies below, and are drawn up in accordance with the provisions of the International Financial Reporting Standards ("IFRSs") as issued by the International Accounting Standards Board ("IASB") for the nine months ended September 30, 2025 and 2024.

These unaudited interim condensed consolidated financial statements for the nine months ended September 30, 2025 and 2024 should be read in conjunction with the Group's last audited annual consolidated financial statements for the years ended December 31, 2024 and 2023. They do not include all the information and disclosures required for a complete set of financial statements prepared in accordance with IFRS Accounting Standard. However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Group's financial position and performance since last annual consolidated financial statements.

Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.

These unaudited interim condensed consolidated financial statements were approved by the board of directors of the Company on September 30, 2025.

The board of directors has the power to amend the financial statements after issue.

**ADOPTION OF NEW AND REVISED STANDARDS**

On January 1, 2024 the Group has adopted the new or amended IFRS and interpretations issued by the IFRS interpretations Committee (IFRS IC) that are mandatory for application for the fiscal year. Changes to the Group's accounting policies have been made as required, in accordance with the transitional provisions in the respective IFRS and IFRS IC.

The adoption of these new or amended IFRS and IFRS IC did not result in substantial changes to the Group's accounting policies and had no material effect on the amounts reported for the current or prior financial years.

**COMMON CONTROL & MERGER ACCOUNTING**

The acquisition of entities, businesses or assets under common control are accounted for in accordance with merger accounting.

The consolidated financial statements incorporate the financial statements of the consolidated entities or businesses in which the common control consolidation occurs as if they had been consolidated from the date when the consolidation entities or businesses first came under the control of the controlling party.

The consolidated financial statements have prepared using uniform accounting policies for like transactions and other events in similar circumstances.

All intra-group balances, transactions, income and expenses are eliminated in full on consolidation and the consolidated financial statements reflect external transactions only.

The net assets of the consolidated entities or businesses are consolidated using the existing carrying amounts from the controlling party's perspective. No amount is recognized in respect of goodwill or excess of the acquirer's interest in the net fair value of acquiree's identifiable assets, liabilities and contingent liabilities over the acquisition cost at the time of common control consolidation. All differences between the cost of acquisition (fair value of consideration paid) and the amounts at which the assets and liabilities are recorded, arising from common control consolidation, have been recognized directly in equity as part of the capital reserve.

The consolidated statements of profit or loss and other comprehensive income include the results of each of the consolidation entities or businesses from the earliest date presented or since the date when the consolidated entities or businesses first came under the common control, where this is a shorter period, regardless of the date of the common control consolidation.

 

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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| | |
|:---|:---|
| **2** | **MATERIAL ACCOUNTING POLICIES** (cont.) |

---

 

*<u>Subsidiaries</u>*

Subsidiaries are entities controlled by the Group. The Group controls and entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the unaudited interim condensed consolidated financial statements from the date that control commences until the date that control ceases.

 

*<u>Loss of control</u>*

Upon the loss of control, the Group derecognizes the assets and liabilities of the subsidiary, any NCI, and the other components of equity related to the subsidiary. Any surplus or deficit arising on the loss of control is recognized in profit or loss. If the Group retains any interest in the former subsidiary, then such interest is measured at fair value at the date that control is lost.

**CONVENIENCE TRANSLATION**

Translations of amounts in the unaudited interim condensed consolidated statement of financial position, unaudited interim condensed consolidated statements of profit or loss and other comprehensive income, and unaudited interim condensed consolidated statement of cash flows from RM into USD as of and for the period ended September 30, 2025 are solely for the convenience of the reader. Unless otherwise noted, all translations from RM into USD for the fiscal period ended September 30, 2025 were calculated at of USD1 = RM 4.2096 or an average rate of USD1 = RM 4.3265.

**FINANCIAL ASSETS**

 

*<u>Classification and measurement</u>*

Financial assets are recognized when a Group entity becomes a party to the contractual provisions of the instrument. All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the market place.

Financial assets are initially measured at fair value except for trade receivables arising from contracts with customers which are initially measured in accordance with IFRS 15 Revenue from Contracts with Customers ("IFRS 15"). Transaction costs that are directly attributable to the acquisition of financial assets (other than financial assets at fair value through profit or loss ("FVTPL")) are added to the fair value of the financial assets, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets at fair value through profit or loss are recognized immediately in consolidated statement of profit or loss. The Group classifies its financial assets at fair value through other comprehensive income, fair value through profit and loss and amortized cost.

The classification depends on the Group's business model for managing the financial assets as well as the contractual terms of the cash flows of the financial assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Financial assets at Fair Value through Profit or Loss (FVTPL) are initially recorded at fair value and
transaction costs are expensed in the statements of income and comprehensive income. Realized and unrealized gains and income arising
from changes in the fair value of the financial asset held at FVTPL are included in the statements of income and comprehensive income
in the period in which they arise. There are no financial assets classified as FVTPL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Financial assets at Fair Value through Other Comprehensive Income (FVTOCI) are initially recognized at
fair value plus transaction costs. Subsequently they are measured at fair value, with gains and losses arising from changes in fair value
recognized in other comprehensive income. There is no subsequent reclassification of fair value gains and losses to profit or loss following
the derecognition of the investment. There are no financial assets classified as FVTOCI.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Financial assets at amortized cost are initially recognized at fair value, net of transaction costs, and
subsequently carried at amortized cost less any impairment. They are classified as current assets or non- current assets based on their
maturity date. The Company has classified trade receivables, other receivables and amounts due from related parties at amortized cost.

 

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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| | |
|:---|:---|
| **2** | **MATERIAL ACCOUNTING POLICIES** (cont.) |

---

 

*<u>Impairment</u>*

The Group assesses at end of each reporting period whether there is objective evidence that a financial asset or group of financial assets is impaired.

The Group recognizes expected credit losses ("ECL") for accounts receivable based on the simplified approach. The simplified approach to the recognition of expected losses does not require the Company to track the changes in credit risk; rather, the Company recognizes a loss allowance based on lifetime expected credit losses at each reporting date from the date of the accounts receivable.

The Group recognizes a loss allowance for other receivable, amount due from director, shareholders and related parties based on 12 months expected credit losses at each reporting date.

The Group measures expected credit loss by considering the risk of default over the contract period and incorporates forward-looking information into its measurement. ECLs are a probability-weighted estimate of credit losses.

ECLs are measured as the difference in the present value of the contractual cash flows that are due to the Company under the contract, and the cash flows that the Company expects to receive. The Company assesses all information available, including past due status, and forward looking macro- economic factors in the measurement of the ECLs associated with its assets carried at amortized cost.

The maximum period considered when estimating ECLs is the maximum contractual period over which the Company is exposed to credit risk.

 

*<u>Derecognition of financial assets</u>*

The Group derecognizes a financial asset only when the contractual rights to the cash flow from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of asset to another entity.

On derecognition of a financial asset measured at amortized cost, the difference between the asset's carrying amount and the sum of the consideration received and receivable is recognized in profit or loss.

**FINANCIAL LIABILITIES**

Financial liabilities are classified as either financial liabilities at FVTPL or at amortized cost. The Group determines the classification of its financial liabilities at initial recognition.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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| | |
|:---|:---|
| **2** | **MATERIAL ACCOUNTING POLICIES** (cont.) |

---

Financial liabilities are classified as measured at amortized cost, net of transaction costs unless classified as FVTPL. The Group trade payables, other payables and accrued liabilities, amounts due to related parties, lease liabilities and bank loans are classified as measured at amortized cost.

 

*<u>Derecognition of financial liabilities</u>*

The Group derecognizes financial liabilities when, and only when, the Group's obligation are discharged, cancelled or expired. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable is recognized in profit or loss.

**PLANT AND EQUIPMENT**

Plant and equipment is recognized and subsequently measured at cost less accumulated depreciation and any accumulated impairment losses, if any. When components of property and equipment have different useful lives they are accounted for separately. Depreciation is provided at rates which are calculated to write off the assets over their estimated useful lives as follows:

---

| | |
|:---|:---|
| Computer and handphone | 5 years straight line |
| Equipment and machine | 10 years straight line |
| License | 10 years straight line |
| Right-of-use assets | Over term of lease |
| Renovation | Over term of lease |

---

Plant and equipment is derecognized upon disposal or when no future economic benefits are expected from its use. Any gain or loss arising from derecognition of the asset, being the difference between the net disposal proceeds and the carrying amount, is recognized in profit or loss.

**IMPAIRMENT OF NON-FINANCIAL ASSETS**

Impairment of assets are reviewed at the end of each reporting period for impairment when there is an indication that the assets might be impaired. Impairment is measured by comparing the carrying values of the assets with their recoverable amounts. When the carrying amount of an asset exceeds its recoverable amount, the asset is written down to its recoverable amount and an impairment loss shall be recognized. The recoverable amount of an asset is the higher of the asset's fair value less costs to sell and its value in use, which is measured by reference to discounted future cash flows using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. An impairment loss is recognized in profit or loss.

When there is a change in the estimates used to determine the recoverable amount, a subsequent increase in the recoverable amount of an asset is treated as a reversal of the previous impairment loss and is recognized to the extent of the carrying amount of the asset that would have been determined (net of amortization and depreciation) had no impairment loss been recognized. The reversal is recognized in profit or loss immediately.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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| | |
|:---|:---|
| **2** | **MATERIAL ACCOUNTING POLICIES** (cont.) |

---

**LEASES**

 

*<u>The Group as leasee</u>*

The Group assesses whether a contract is or contains a lease, at inception of the contract. The Group recognizes a right-of-use asset and corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for low-value assets and short-term leases with 12 months or less. For these leases, the Group recognizes the lease payments as an operating expense on a straight-line method over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed.

The Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use assets and the associated lease liabilities are presented as a separate line item in the statements of financial position.

 

*<u>Right-of-use asset</u>*

The right-of-use asset is initially measured at cost. Cost includes the initial amount of the corresponding lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred, less any incentives received.

The right-of-use asset is subsequently measured at cost less accumulated depreciation and any impairment losses, and adjustment for any remeasurement of the lease liability. The depreciation starts from the commencement date of the lease. If the lease transfers ownership of the underlying asset to the Group or the cost of the right-of-use asset reflects that the Group expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. Otherwise, the Group depreciates the right-of-use asset to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of the right-of-use assets are determined on the same basis as those plant and equipment.

 

*<u>Lease liability</u>*

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Group uses its incremental borrowing rate.

The lease liability is subsequently measured at amortized cost using the effective interest method. It is remeasured when there is a change in the future lease payments (other than lease modification that is not accounted for as a separate lease) with the corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recognized in profit or loss if the carrying amount has been reduced to zero.

**PROVISIONS**

Provisions are recognized when the Group has a present obligation (legal or constructive) as a result of past events, when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and when a reliable estimate of the amount can be made. Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate. Where the effect of the time value of money is material, the provision is the present value of the estimated expenditure required to settle the obligation. The discount rate shall be a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognized as interest expense in profit or loss.

 

*<u>Provision for warranties</u>*

The Group provides warranties for general repairs of defects. Provisions related to these assurance-type warranties are recognized when the product is sold. Initial recognition is based on historical experience. The estimate of warranty-related costs is revised annually.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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| | |
|:---|:---|
| **2** | **MATERIAL ACCOUNTING POLICIES** (cont.) |

---

**REVENUE RECOGNITION**

Revenue is derived principally from services, tangible products, rental and others.

 

*<u>Revenue from services</u>*

Revenue from services is recognized over time in the year in which the services rendered.

A receivable is recognized when the services are rendered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Subscription services from Speed + Pos software
and QR ordering system, which allow our subscribers to gain access to our software. Performance obligation includes to ensure subscribers
accessibility, bundled with training, maintenance and support on recurring basis, measured on time elapsed, renewed on monthly basis .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Software consultant and development services cater for customers seeks to customized point of sales system. Performance obligation includes the design and build of software-based
systems, integration of hardware and software solutions, running and maintaining of IT infrastructure and procurement services. In all
cases, the Company assesses if the multiple obligations should be accounted for as separate performance obligations or combined into a
single performance obligation. The Company generally separates multiple obligations in a contract as separate performance obligations
if those obligations are distinct, both individually and in the context of the contract. If multiple obligations in a contract are highly
interrelated or require significant integration or customization within a group, they are combined and accounted for as a single performance
obligation, measured on contract milestone. Contract duration range from two weeks to two months.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Social media management services, involves
content creation, engagement, and advertising management. These services are considered as single performance obligation contracted to
be delivered over a period of time, measured on time elapsed, renewed on monthly basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Data management and analysis services, involves
handling and processing data to extract valuable insights that can inform decision-making and improve business operations. These services
are considered as single performance obligation, measured on time elapsed contracted to be deliver over a period of time, measured on
time elapsed, renewed on monthly basis.

 

*<u>Revenue from tangible products</u>*

Revenue from tangible products is recognized at a point in time when the goods have been delivered to the customer and upon its acceptance, and it is probable that the Group will collect the considerations to which it would be entitled to in exchange for the goods sold.

 

*<u>Revenue from rental of machinery</u>*

Revenue from rental is recognized at a point in time, measured through time lapsed results in entitlement to collection of revenue.

**CASH AND CASH EQUIVALENTS**

Cash and cash equivalents comprise cash in hand, bank balances, demand deposits, and short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value with original maturity periods of three months or less.

Bank overdrafts are presented as current borrowings in the statements of financial position.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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| | |
|:---|:---|
| **2** | **MATERIAL ACCOUNTING POLICIES** (cont.) |

---

**SHARE CAPITAL**

Ordinary shares are classified as equity. Incremental costs directly attributable to the issuance of new ordinary shares are deducted against the share capital account.

**INCOME TAX**

Current tax assets and liabilities are the expected amount of income tax recoverable or payable to the taxation authorities, measured using tax rates and tax laws that have been enacted or substantively enacted at the end of the reporting period and are recognized in profit or loss except to the extent that the tax relates to items recognized outside profit or loss (either in other comprehensive income or directly in equity).

Deferred taxes are recognized using the liability method for temporary differences other than those that arise from the initial recognition of an asset or liability in a transaction which is not a business combination and at the time of the transaction, affects neither accounting profit nor taxable profit.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realized or the liability is settled, based on the period.

Deferred tax assets are recognized for all deductible temporary differences, unused tax losses and unused tax credits to the extent that it is probable that future taxable profits will be available against which the deductible temporary differences, unused tax losses and unused tax credits can be utilized. The carrying amounts of deferred tax assets are reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that the related tax benefits will be realized.

Current and deferred tax items are recognized in correlation to the underlying transactions either in profit or loss, other comprehensive income or directly in equity.

Current tax assets and liabilities or deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when the deferred taxes relate to the same taxable entity (or on different tax entities but they intend to settle current tax assets and liabilities on a net basis) and the same taxation authority.

**EMPLOYEE BENEFITS**

 

*<u>Defined contribution plan</u>*

The Company participates in Employees Provident Fund (EPF), Malaysia's national defined contribution plan, employees are required to contribute a specified percentage of their monthly salary to the EPF, which is deducted from their salaries each month. The company also contributes a specified percentage based on the employees' monthly salaries, as mandated by the EPF regulations. The Company's contributions are recognized as an expense in the period when employees render related services, and this expense is recorded in the profit or loss statement under employee benefits expense. A liability is recognized for unpaid contributions at the end of each reporting period, representing amounts due to the EPF but not yet paid. Contributions are measured at the statutory rates applicable during the period. In the financial statements, the total amount of contributions made to the EPF during the reporting period is disclosed in the notes under employee benefits.

Actuarial risk (that benefits will be less than expected) and investment risk (that assets invested will be insufficient to meet expected benefits) fall, in substance, on the employee.

**DEFERRED OFFERING COSTS**

Deferred offering costs are specific expenses incurred during the process of preparing for an offering of securities, including legal, accounting, underwriting, and other fees directly associated with the offering. These costs are initially recorded as an asset when incurred, provided it is probable that the offering will be successfully completed, and are capitalized as "Deferred Offering Costs" on the statement of financial position. Only direct and incremental costs clearly attributable to the offering are capitalized, while general and administrative expenses not directly related to the offering process are expensed as incurred. Upon successful completion of the offering, deferred offering costs are reclassified from the statement of financial position to the statement of comprehensive income and recognized as a reduction of the proceeds from the offering within equity. If it becomes probable that the offering will not be completed, all deferred offering costs are expensed immediately in the period this determination is made.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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| | |
|:---|:---|
| **2** | **MATERIAL ACCOUNTING POLICIES** (cont.) |

---

**FOREIGN CURRENCY TRANSACTIONS**

The functional currency used by the Company is Malaysia Ringgit. Consequently, operations in currencies other than the Malaysian Ringgit are considered to be denominated in foreign currency and are recorded at the exchange rates in force on the dates of the operations.

At year-end, monetary assets and liabilities denominated in foreign currency are converted by applying the exchange rate on the statement of financial position date. The profits or losses revealed are charged directly to the profit and loss account for the year in which they occur. Non-monetary items in foreign currency measured in terms of historical cost are converted at the exchange rate on the date of the transaction.

The exchange differences of the monetary items that arise both when liquidating them and when converting them at the closing exchange rate, are recognized in the results of the year, except those that are part of the investment of a business abroad, which are recognized directly in equity net of taxes until the time of its disposal.

**EARNINGS PER SHARE**

Basic income per share is calculated by dividing the income attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding in the period. For all periods presented, the income attributable to ordinary shareholders equals the reported income attributable to owners of the Company.

Diluted income per share is calculated by the treasury stock method. Under the treasury stock method, the weighted average number of ordinary shares outstanding for the calculation of diluted income per share assumes that the proceeds to be received on the exercise of dilutive share options and warrants are used to repurchase ordinary shares at the average market price during the period.

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding, as of September 30, 2025 and December 31, 2024.

**SEGMENT REPORTING**

Operating segments are reported in a manner consistent with the internal reporting provided for decision maker, whose members are responsible for allocating resources and assessing the performance of the operating segments.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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| | |
|:---|:---|
| **2** | **MATERIAL ACCOUNTING POLICIES** (cont.) |

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**BORROWING AND BORROWING COSTS**

Borrowings are classified as current liabilities unless the Group has the unconditional right to postpone settlement for at least 12 months after the statement of financial position date, in which case they are classified as non-current liabilities.

Borrowings are initially recorded at fair value, net of any transaction costs. They are then measured at amortized cost. The difference between the initial proceeds (after deducting transaction costs) and the repayment amount is recognized in profit or loss over the term of the borrowings using the effective interest rate method.

Borrowing costs are recognized in profit or loss using the effective interest method except for borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset form part of the cost of that asset.

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| | |
|:---|:---|
| **3** | **CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY** |

---

The preparation of these unaudited interim condensed consolidated financial statements in conformity with IFRS require the directors of the Company to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors have considered the development, selection and disclosure of the Group's critical accounting judgements and estimates. The key assumptions concerning the future and other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are described below:-

*<u>Useful lives of plant and equipment</u>*

The Group's management determines the estimated useful lives and the related depreciation charge for the Group's plant and equipment. This estimate is based on the historical experience of the actual useful lives of plant and equipment of similar nature and functions. Management will increase the depreciation charge where useful lives are less than previously estimated lives, or will write off or write down technically obsolete or non-strategic assets that have been abandoned or sold. Actual economic lives may differ from estimated useful lives. Periodic review could result in a change in depreciable lives and therefore depreciation charge in the future periods.

 

*<u>Impairment of Trade Receivables</u>*

The Group uses the simplified approach to estimate a lifetime expected credit loss allowance for all trade receivables. The Group develops the expected loss rates based on the payment profiles of past sales and the corresponding historical credit losses, and adjusts for qualitative and quantitative reasonable and supportable forward-looking information. If the expectation is different from the estimation, such difference will impact the carrying value of trade receivables.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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|:---|:---|
| **4** | **ISSUANCE OF SHARES** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Ordinary Shares#** | **Ordinary Shares#** | **Ordinary Shares#** | **Ordinary Shares#** | **Ordinary Shares#** | **Ordinary Shares#** |
|  | **Ordinary Shares** | **Ordinary Shares** | **Class A Ordinary Shares** | **Class A Ordinary Shares** | **Class B Ordinary Shares** | **Class B Ordinary Shares** |
|  | **Shares** | **Amount <br> (RM)** | **Shares** | **Amount <br> (RM)** | **Shares** | **Amount<br> (RM)** |
| Balance as at December 31, 2024 | 10800000 | 1145780 |  | - |  |  |
| Issuance of ordinary shares upon IPO, net |  | - | 1750000 | 20012328 |  |  |
| Issuance of ordinary shares |  | - | 200000 | - |  |  |
| Re-designation of ordinary shares into Class A and Class B | (10800000) | (1145780) | 8800000 | 1145780 | 2000000 |  |
| Balance as at September 30, 2025 | - | - | 10750000 | 21158108 | 2000000 |  |

---

During the financial period ended 30 September 2025, the Company successfully completed its initial public offering (IPO), issuing 1,750,000 new ordinary shares at an issue price of RM 17.6564 per share, resulting in gross proceeds of RM 30,898,700 on 6 March 2025.

The shares issued are ordinary shares with no par value and carry the same rights and obligations as the existing shares, including equal rights to dividends, voting, and distribution of assets upon liquidation.

In connection with the IPO, the Company incurred deferred offering costs amounting to RM 10,886,371.99. These costs, being directly attributable to the equity issuance, were deducted from equity in accordance with IAS 32 Financial Instruments: Presentation. As a result, the net proceeds recognized in equity amounted to RM 20,012,328.

On 12 September 2025, the Company issued restricted 200,000 ordinary shares to Dennis O'Neill as consideration for professional services rendered in relation to investor and public relations planning. The issuance was recognized as a share-based payment transaction in accordance with IFRS 2 Share-based Payment.

The shares were issued for nil cash consideration, as they formed part of a non-cash compensation arrangement agreed with the service provider. Although no cash was exchanged, the issuance reflects the Company's acknowledgement of the value of the services received. In accordance with IFRS 2 Share-based Payment, the Company recorded the related share-based payment expense for the period, with a corresponding increase in equity.

On 30 September 2025, the Company re-designated its ordinary shares into two classes, comprising 8,800,000,000 Class A ordinary shares and 2,000,000 Class B ordinary shares, both with no par value, pursuant to the approval of the Board of Directors on the same date.

The re-designation was undertaken to establish a dual-class share structure that supports the Company's long-term strategic objectives. This structure enables the Company to maintain stability in key decision-making processes by granting enhanced voting rights to Class B ordinary shares, typically held by founders, key executives or strategic shareholders whose continued involvement is critical to the Company's direction. At the same time, it allows the Company to provide Class A ordinary shares to existing and future investors without diluting control over fundamental corporate matters.

This approach is common among growth-stage and technology-oriented companies seeking to balance capital-raising flexibility with preservation of strategic leadership oversight.

**Differences Between Class A and Class B Ordinary Shares**

The rights attached to Class A and Class B ordinary shares are set out in the Company's Memorandum and Articles of Association (MAA).

The principal difference between the two classes is voting rights, as summarised below:

● Voting Rights

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Class A ordinary shares: Each Class A Share confers one vote at any meeting of shareholders or on any
shareholders' resolution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Class B ordinary shares: Each Class B Share confers twenty votes at any meeting of shareholders or on
any shareholders' resolution.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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|:---|:---|
| **4** | **ISSUANCE OF SHARES** (cont.) |

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● Dividend Rights

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Both Class A and Class B Shares carry an equal entitlement to any distribution declared by the Company
in accordance with the Act and the MAA.

● Rights on Liquidation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Class A and Class B Shares rank pari passu, each conferring an equal share in the distribution of any
surplus assets of the Company upon liquidation.

● Conversion Rights

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o In accordance with clause 6.4 of the MAA, each Class B Share may be voluntarily converted into a Class
A Share at the option of the holder, subject to the terms set out in the MAA.

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| | |
|:---|:---|
| **5** | **ACQUISITION OF CL TECHNOLOGIES (INTERNATIONAL) SDN. BHD.** |

---

On January 1, 2024, the Company completed the acquisition of CL Technologies (International) Sdn. Bhd. (CL Tech), a company located in Malaysia that provides food and beverage software and server hosting services. The acquisition was made pursuant to a share purchase agreement dated January 1, 2024, between the Company, and Kevin Ng Chen Lok and other individual non-controlling shareholders, collectively the 94.95% shareholders of CL Tech. The acquisition purchase price totaled RM 457 (USD 108) in initial cash consideration.

As part of the restructuring of the Company, the acquisition of entities, business or assets under common control are accounted for in accordance with merger accounting. The difference between the consideration paid and the share capital of the acquired entity is reflected within equity as a merger reserve. The Company accounted the transaction as followings:

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| | | |
|:---|:---|:---|
|  | **RM** | **Convenience <br> Translation <br> USD** |
| Cash consideration | 457 | 108 |
| Book value of 94.95% of Share Capital of CL Technologies (International) Sdn. Bhd. | (2263600) | (537723) |
| Bargain purchase accounted as merger reserve in equity | 2263143 | 537615 |

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| | |
|:---|:---|
| **6** | **ACQUISITIONS OF SAGTEC GROUP SDN. BHD.** |

---

On January 1, 2024, the Company completed the acquisition of Sagtec Group Sdn. Bhd. (Sagtec Group), a company located in Malaysia that provides Food and beverage SAAS services. The acquisition was made pursuant to a share purchase agreement dated January 1, 2024, between the Company, and Kevin Ng Chen Lok and other individual non-controlling shareholders, collectively the 98.04% shareholders of Sagtec Group. The acquisition purchase price totaled RM 457 (USD108) in initial cash consideration.

As part of the restructuring of the Company, the acquisition of entities, business or assets under common control are accounted for in accordance with merger accounting. The difference between the consideration paid and the share capital of the acquired entity is reflected within equity as a merger reserve. The Company accounted the transaction as followings:

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| | | |
|:---|:---|:---|
|  | **RM** | **Convenience <br> Translation <br> USD** |
| Cash consideration | 457 | 108 |
| Book value of 98.04% of Share Capital of Sagtec Group Sdn. Bhd. | (1017702) | (241757) |
| Bargain purchase accounted as merger reserve in equity | 1017245 | 241649 |

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**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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|:---|:---|
| **7** | **PLANT AND EQUIPMENT** |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of<br> January 1,<br> 2024** | **Addition** | **As of<br> December 31,<br> 2024** | **Addition** | **Disposal** | **As of<br> September 30, 2025** | **As of<br> September 30, 2025** |
|  | **RM** | **RM** | **RM** | **RM** | **RM** | **RM** | **Convenience<br> Translation<br> USD** |
| **<u>Plant and equipment, at cost</u>** | | | | | | | |
| Equipment & Machine | 12468561 | 4894732 | 17363293 | 19746293 | (1558323) | 35551263 | 8445283 |
| Computer & Handphone | 114419 | - | 114419 | - | - | 114419 | 27180 |
| License | 775901 | - | 775901 | 7031639 | - | 7807540 | 1854698 |
| Renovation | 43892 | - | 43892 | 80252 | - | 124144 | 29491 |
| Total cost | 13402773 | 4894732 | 18297505 | 26858184 | (1558323) | 43597366 | 10356652 |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of<br> January 1,<br> 2024** | **Depreciation<br> for the year** | **As of<br> December 31,<br> 2024** | **Depreciation<br> for the period** | **Disposal<br> for the period** | **As of<br> September 30, 2025** | **As of<br> September 30, 2025** |
|  | **RM** | **RM** | **RM** | **RM** | **RM** | **RM** | **Convenience<br> Translation<br> USD** |
| **<u>Accumulated Depreciation</u>** | | | | | | | |
| Equipment & Machine | 2230743 | 1576753 | 3807496 | 1954749 | (725611) | 5036634 | 1196464 |
| Computer & Handphone | 56323 | 22676 | 78999 | 15698 | - | 94697 | 22495 |
| License | 64836 | 77590 | 142426 | 468372 | - | 610798 | 145096 |
| Renovation | 3793 | 10973 | 14766 | 13246 | - | 28012 | 6654 |
| Total accumulated depreciation | 2355695 | 1687992 | 4043687 | 2452065 | (725611) | 5770141 | 1370709 |

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| | | | |
|:---|:---|:---|:---|
|  | **As of<br> December 31,<br> 2024** | **As of<br> September 30, 2025** | **As of<br> September 30, 2025** |
|  | **RM** | **RM** | **Convenience<br> Translation<br> USD** |
| **<u>Carrying Amount</u>** | | | |
| Equipment & Machine | 13555797 | 30514629 | 7248819 |
| Computer & Handphone | 35420 | 19722 | 4685 |
| License | 633475 | 7196742 | 1709602 |
| Renovation | 29126 | 96132 | 22837 |
| Total carrying amount | 14253818 | 37827225 | 8985943 |

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**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

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|:---|:---|
| **8** | **RIGHT OF USE ASSETS** |

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| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, 2024** | **September 30, 2025** | **September 30, 2025** |
|  | **RM** | **RM** | **Convenience Translation**<br> **USD** |
| **<u>Right-Of-Use Assets, cost</u>** | | | |
| As at beginning of the year/period | 307323 | 307323 | 73005 |
| Add: New lease recognized | - | 1475012 | 350392 |
| Less: Termination | - | (105860) | (25147) |
| Less: Modification | - | (820) | (195) |
| As at end of the year/period | 307323 | 1675655 | 398055 |
| **<u>Right-Of-Use Assets, accumulated amortization</u>** |  |  |  |
| As at beginning of the year/period | 82041 | 137297 | 32615 |
| Amortization of the year/period | 55256 | 62867 | 14934 |
| Less: Termination | - | (73311) | (17415) |
| As at end of the year/period | 137297 | 126853 | 30134 |
| **<u>Right-Of-Use Assets, carrying amount</u>** |  |  |  |
| As at beginning of the year/period | 225282 | 170026 | 40390 |
| As at end of the year/period | 170026 | 1548802 | 367921 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, 2024** | **September 30, 2025** | **September 30, 2025** |
|  | **RM** | **RM** | **Convenience Translation <br> USD** |
| <u>Lease Liability</u> |  |  |  |
| As at beginning of the year/period | 209571 | 162577 | 38620 |
| Add: New lease recognized | - | 1475012 | 350393 |
| Add: Imputed interest | 10090 | 10781 | 2561 |
| Less: Modification | - | (820) | (195) |
| Less: Principal repayment | (57084) | (172246) | (40918) |
| Termination | - | (37339) | (8869) |
| As at end of the year/period | 162577 | 1437965 | 341592 |
| Lease liability current portion | 52768 | 319463 | 75889 |
| Lease liability non-current portion | 109809 | 1118502 | 265703 |
|  | 162577 | 1437965 | 341592 |
| <u>Maturities of Lease</u> |  |  |  |
| Year ending December 31, 2025 | 52768 |  |  |
| Year ending December 31, 2026 | 57434 |  |  |
| Year ending December 31, 2027 | 25598 |  |  |
| Year ending December 31, 2028 | 7701 |  |  |
| Year ending December 31, 2029 | 8171 |  |  |
| After December 31, 2029 | 10905 | - | - |
|  | 162577 | - | - |
| <u>Maturities of Lease</u> |  |  |  |
| Period ending September 30, 2026 |  | 319463 | 75889 |
| Period ending September 30, 2027 |  | 325200 | 77252 |
| Period ending September 30, 2028 |  | 324936 | 77189 |
| Period ending September 30, 2029 |  | 312832 | 74314 |
| Period ending September 30, 2030 |  | 55091 | 13087 |
| After September 30, 2030 | - | 100443 | 23861 |
|  | - | 1437965 | 341592 |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **9** | **TRADE RECEIVABLES AND TRADE PAYABLES** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Trade receivables, gross |  |  |  |
| *Third parties* | 8409351 | 17832831 | 4236230 |
| Trade receivables, net | 8409351 | 17832831 | 4236230 |

---

Trade receivables are non-interest bearing, generally on 30 to 90 days credit term. They are recognized at their original invoice amounts which represent their fair values on initial recognition.

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Trade payables, gross |  |  |  |
| *Third parties* |  | 555146 | 131877 |
| Trade payables, net |  | 555146 | 131877 |

---

Trade payables are non-interest bearing, generally on 30 to 90 days credit term. They are recognized at their original invoice amounts which represent their fair values on initial recognition.

---

| | |
|:---|:---|
| **10** | **OTHER RECEIVABLES AND OTHER PAYABLES** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Prepayments, deposits & other receivables</u>** | | | |
| Rental deposit | 6312 | 101680 | 24154 |
| Utility deposit | 5700 | 15060 | 3578 |
| Other deposits | 1820 | 25990 | 6174 |
| Other receivables | 2089986 | - | - |
| Other prepayments | - | 628678 | 149344 |
| Deferred offering costs | 763342 | - | - |
|  | 2867160 | 771408 | 183250 |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **10** | **OTHER RECEIVABLES AND OTHER PAYABLES** (cont.) |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Accrued liabilities & other payables</u>** | | | |
| Employee benefits payable | 405792 | 560941 | 133253 |
| Lease payable | 8757 | - | - |
| Accrued operating expenses | 749764 | 997942 | 237063 |
| Utilities payable | 8424 | 10285 | 2443 |
|  | 1172737 | 1569168 | 372759 |

---

---

| | |
|:---|:---|
| **11** | **CASH AND SHORT-TERM DEPOSITS** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31,<br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience<br> Translation<br> USD** |
| Cash | 474716 | 1845645 | 438438 |
| Pledged Deposits | 1179430 | 1198262 | 284650 |
| Total | 1654146 | 3043907 | 723088 |

---

Pledged deposits are fixed deposit pledged to banks with maturity less than one year to secure overdraft facilities.

For the purpose of presenting the consolidated statement of cash flows, cash and cash equivalents comprise the following at the end of the financial year

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31,<br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience<br> Translation<br> USD** |
| Cash and short-term deposits | 1654146 | 3043907 | 723088 |
| Pledged Deposits | (1179430) | (1198262) | (284650) |
| Bank Overdraft | (104587) | (526066) | (124968) |
| Total | 370129 | 1319579 | 313470 |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **12** | **RELATED PARTIES DISCLOSURES** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <u>Related party transactions</u> 

---

| | | | |
|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Payments made on behalf by director | 23944 | 62673 | 14888 |
| Employee benefit expenses charged from related parties | 12000 | - | - |
| Selling and administrative expenses charged from related parties | 8495 | - | - |

---

Related parties comprise mainly shareholders or companies controlled by director or shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. <u>Remuneration of key management personnel</u> 

---

| | | | |
|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Ng Chen Lok, Chairman, CEO & Director |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director fee | 538886 | 643931 | 152967 |
| Robert Michael Harrison Jr, Independent Director |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director fee | - | 44878 | 10661 |
| Lai Fuu Sing, Independent Director |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director fee | - | 13125 | 3118 |
| Pan Seng Wee, Independent Director |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director fee | - | 13125 | 3118 |
| Chen Xiang Foong, Independent Director |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director fee | - | 31754 | 7543 |
| Elain Binti Lockman, Independent Director |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director fee | - | 31754 | 7543 |
| Zuria Hajar Bt Mohd Adnan, CFO & Director |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salary | 68043 | 97000 | 21698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employer Contribution to Defined Contribution Plan | 7680 | 11640 | 2604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employer Contribution to Insurance Scheme | 869 | 1044 | 234 |
| Loong Xin Yee, COO | 90000 | 90000 | 20132 |
| Tan Kim Chuan, CTO |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salary | 95500 | 146900 | 32861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employer Contribution to Defined Contribution Plan | 650 | 6576 | 1471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employer Contribution to Insurance Scheme | 97 | 908 | 203 |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **13** | **PROVISIONS** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| As at beginning of the year/period | 494280 | 441353 | 104845 |
| Add: Provision for warranty during the year/period | 202929 | 303489 | 72095 |
| Less: Unclaimed warranty during the year/period | (255856) | (334850) | (79545) |
| As at end of the year/period | 441353 | 409992 | 97395 |

---

The Group provides a one-year warranty on all food kiosk ordering machines and power bank charging station sold, covering defects in materials and workmanship. The Group anticipates the utilization of provision within one year, any unutilized provision for warranty will be adjusted toward year end of each reporting period.

---

| | |
|:---|:---|
| **14** | **BANK BORROWINGS AND BANK OVERDRAFT** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Current</u>** | | | |
| Bank overdraft | 104587 | 526066 | 124968 |
| Bank borrowings | 736481 | 778869 | 185022 |
|  | 841068 | 1304935 | 309990 |
| **<u>Non-current</u>** |  |  |  |
| Bank borrowings | 2526234 | 1942299 | 461398 |
|  | 3367302 | 3247234 | 771388 |

---

<u>Bank overdraft</u>

The bank overdraft is secured by the Group's fixed deposits. The weightage average effective interest rate is 8.10% (2024: 8.83%) per annum.

<u>Bank borrowing</u>

---

| | |
|:---|:---|
| **<u>Maturities of Bank Borrowing</u>** | |
| Year ending December 31, 2025 | 736481 |
| Year ending December 31, 2026 | 782996 |
| Year ending December 31, 2027 | 795079 |
| Year ending December 31, 2028 | 495036 |
| Year ending December 31, 2029 | 184632 |
| After December 31, 2029 | 268491 |
|  | 3262715 |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **14** | **BANK BORROWINGS AND BANK OVERDRAFT** (cont.) |

---

---

| | | |
|:---|:---|:---|
| **<u>Maturities of Bank Borrowing</u>** | | |
| Period ending September 30, 2026 | 778869 | 185022 |
| Period ending September 30, 2027 | 784937 | 186463 |
| Period ending September 30, 2028 | 620634 | 147433 |
| Period ending September 30, 2029 | 222305 | 52809 |
| Period ending September 30, 2030 | 188873 | 44868 |
| After September 30, 2030 | 125550 | 29825 |
|  | 2721168 | 646420 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, 2024** | **September 30, 2025** | **September 30, 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Fair value of non-current borrowing | 2123289 | 1531119 | 363721 |
| Undrawn borrowing facility | 2145413 | 1723934 | 409524 |
| Weighted average interest rate | 5.35% | 8.13% | 8.13% |

---

All borrowings by the company are personally guaranteed by the director. In the event the company is unable to meet its loan obligations, the director will be held accountable and responsible for repaying the loans.

Reconciliation of liabilities arising from financing activities

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Bank borrowing</u>** | | | |
| As at beginning of the year/period | 2909469 | 3262715 | 775066 |
| Proceeds from borrowing | 1000000 | - | - |
| Scheduled repayment | (908930) | (732263) | (173951) |
| Non-cash changes *Finance cost* | 262176 | 190716 | 45305 |
| As at end of the year/period | 3262715 | 2721168 | 646420 |
| **<u>Lease liability</u>** |  |  |  |
| As at beginning of the year/period | 209571 | 162577 | 38620 |
| Scheduled repayment | (57084) | (172246) | (40918) |
| Non-cash changes |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Addition during the year* | - | 1475012 | 350393 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Modification* | - | (820) | (195) |
| &nbsp;&nbsp;&nbsp;&nbsp;*Imputed interest* | 10090 | 10781 | 2561 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Termination* | - | (37339) | (8869) |
| As at end of the year/period | 162577 | 1437965 | 341592 |
| **<u>Amount due to director</u>** |  |  |  |
| As at beginning of the year/period | (137181) | - | - |
| Repayment | (137181) | - | - |
| Non-Cash changes |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;*Deferred consideration* | - | - | - |
| As at end of the year/period | - | - | - |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **15** | **INCOME TAX** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** | **As of** |
|  | **September 30, <br> 2024** | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Tax payable</u>** |  |  |  |  |
| As at beginning of the year/period | 1632210 | 1632210 | 3918926 | 930950 |
| Tax expenses | 1260820 | 2289416 | 1600726 | 380256 |
| Tax payment | - | (2700) | (1043652) | (247922) |
| As at end of the year/period | 2893030 | 3918926 | 4476000 | 1063284 |
| **<u>Deferred tax liabilities</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*Accelerated tax depreciation* |  |  |  |  |
| As at beginning of the year/period | 823938 | 823938 | 907405 | 215556 |
| Tax expenses | 319944 | 83467 | 46120 | 10956 |
| As at end of the year/period | 1143882 | 907405 | 953525 | 226512 |
| **<u>Income tax expenses</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current year/period | 1260820 | 2289416 | 1600726 | 380256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Origination of temporary differences | 319944 | 83467 | 46120 | 10956 |
| Total income tax expenses | 1580764 | 2372883 | 1646846 | 391212 |

---

A reconciliation between tax expense and the product of accounting profit multiplied by applicable corporate tax rate for the financial years ended September 30, 2024, December 31, 2024 and September 30, 2025 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** | **As of** |
|  | **September 30, <br> 2024** | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Tax reconciliation</u>** | | | | |
| Profit before tax | 4944285 | 9538393 | 12625460 | 2999206 |
| Tax calculated at tax rate of 24% | 1186628 | 2289214 | 3030110 | 719810 |
| Effects of: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lower domestic tax rate applicable to respective profits**\*\*** | (37698) | (38371) | (45000) | (10690) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Different tax rates in jurisdiction\* | 251474 | 204530 | (1320716) | (313739) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-allowable expenditure | 318038 | 58838 | 430471 | 102259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income not subject to tax | (46202) | (61405) | (80364) | (19091) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilization of capital allowance | (91476) | (79923) | (367655) | (87337) |
| Tax expenses | 1580764 | 2372883 | 1646846 | 391212 |

---

\* The Company's is formed in British Virgin Islands and is not subject to tax on its income or capital gains. In addition, upon payments of dividends by the Company to its shareholders, no British Virgin Islands withholding tax is imposed.

\*\* The Company's subsidiaries formed in Malaysia and is subject to the corporate tax on taxable income derived from its activities conducted in Malaysia. Malaysia companies with a paid-up capital of not more than RM 2.5 million and a gross business income of not more than RM 50 million are taxed at different rates based on their taxable profit. The first RM 150,000 is taxed at 15%, the next RM 450,000 (up to RM 600,000) at 17%, and any amount exceeding RM 600,000 is taxed at 24%. Companies that do not fall into this category are taxed at a standard rate of 24%.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **16** | **RESERVES** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Bargain purchase accounted as merger reserve in equity from acquisition of CL Technologies (International) Sdn Bhd | 2263143 | 2263143 | 537615 |
| Bargain purchase accounted as merger reserve in equity from acquisition of Sagtec Group Sdn Bhd | 1017245 | 1017245 | 241649 |
|  | 3280388 | 3280388 | 779264 |

---

---

| | |
|:---|:---|
| **17** | **REVENUES** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Revenue from services | 22395376 | 39978933 | 9497085 |
| Revenue from tangible products | 9964600 | 23410105 | 5561124 |
| Revenue from rental | - | 376200 | 89367 |
| Revenue from non-related parties | 32359976 | 63765238 | 15147576 |
| Total revenue | 32359976 | 63765238 | 15147576 |
| <u>**<u>Revenue from services</u>**</u> |  |  |  |
| &nbsp;&nbsp;&nbsp;*Performance obligation satisfied over time* |  |  |  |
| Subscription services | 9680695 | 18062859 | 4290872 |
| Software consultation and development services | 4684825 | 8186078 | 1944621 |
| Social media management services | 3328210 | 5257407 | 1248909 |
| Data management & analysis services | 4701646 | 8472589 | 2012683 |
|  | 22395376 | 39978933 | 9497085 |
| **<u>Revenue from tangible products</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;*Performance obligation satisfied at point in time* |  |  |  |
| Food ordering kiosk with screen | 4928245 | 14182090 | 3368988 |
| Power bank charging station | 5036355 | 9228015 | 2192136 |
|  | 9964600 | 23410105 | 5561124 |
| **<u>Revenue from rental</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;*Performance obligation satisfied at point in time* |  |  |  |
| Coffee Machine Kiosk Rental | - | 376200 | 89367 |
| Total revenue | 32359976 | 63765238 | 15147576 |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **17** | **REVENUES** (cont.) |

---

**Transaction price allocated to remaining performance obligation**

Management expects that the transaction price allocated to remaining unsatisfied (or partially unsatisfied) performance obligation as at September 30, 2024 and 2025 may be recognized as revenue in the next reporting periods as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** | **As of** |
|  | **September 30, <br> 2024** | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30,<br> 2025** |
|  | **RM** | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Unsatisfied and partially unsatisfied performance obligation | 149324 |  |  |  |

---

Unsatisfied performance obligation solely consists of deferred revenue, money received for goods or services not yet delivered or performed.

---

| | |
|:---|:---|
| **18** | **COST OF SALES** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Purchases | 5817548 | 15105501 | 3588347 |
| Commissions | 1352672 | - | - |
| Marketing | 1837487 | 3311278 | 786602 |
| Depreciation of plant and equipment | 1178401 | 2400650 | 570280 |
| Software development | - | 618000 | 146807 |
| Server maintenance | 13339291 | 24942592 | 5925169 |
| Employee benefit expenses | 1897108 | 2057167 | 488684 |
| Total | 25422507 | 48435188 | 11505889 |

---

---

| | |
|:---|:---|
| **19** | **EXPENSES BY NATURE** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Employee benefit expenses |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director emoluments | 538886 | 778567 | 184950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Staff costs | 1970237 | 2235162 | 530967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employer Contribution to Defined Contribution Plan | 206826 | 212975 | 50593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employer Contribution to Insurance Scheme | 12276 | 15118 | 3592 |
| Depreciation of plant and equipment | 1226224 | 2452065 | 582494 |
| Amortization of ROU | 41442 | 62867 | 14934 |

---

---

| | |
|:---|:---|
| **20** | **FAIR VALUE OF ASSETS & LIABILITIES** |

---

Asset and liabilities not measured at fair value

Cash and bank balance, other receivables and payables carrying amounts of these balances approximate their fair values due to the short-term nature of these balances.

Trade receivables and trade payables carrying amounts (including trade balances due from/to related parties) approximate their fair values as they are subject to normal trade credit terms.

Bank borrowings carrying amounts approximate their fair values as they are subject to interest rates close to market rate of interests for similar arrangements with financial institutions.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **21** | **FINANCIAL INSTRUMENTS AND RISK MANAGEMENT** |

---

The Company activities expose it to various risks, including market risk (comprising currency risk and interest rate risk), credit risk, and liquidity risk. The Company overall risk management strategy aims to minimize any adverse effects from the unpredictability of financial markets on its financial performance.

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Financial assets at amortized cost</u>** | | | |
| Cash | 474716 | 1845645 | 438438 |
| Trade receivables | 8409351 | 17832831 | 4236230 |
| Other receivables | 2103818 | 771408 | 183250 |
| Fixed deposits | 1179430 | 1198262 | 284650 |
| **<u>Financial liabilities at amortized cost</u>** |  |  |  |
| Trade payables | - | 555146 | 131877 |
| Other payables & accrued liabilities | 422973 | 1000742 | 237729 |
| Bank and other borrowings | 3367302 | 3247234 | 771388 |
| Lease liabilities | 162577 | 1437965 | 341592 |

---

***Foreign Currency Risk***

The Group expose to foreign currency risk due to transactions and balances denominated in currencies other than the functional currency of the respective entities of the Group, with the primary risk arising from the Chinese Renminbi ("RMB"). The Group closely monitor foreign currency risk on an ongoing basis to ensure that our net exposure remains at an acceptable level.

The company is subject to minimal foreign currency risk due to its foreign supplier policy of making prepayments in advance of delivery, thus eliminating the need for credit terms.

***Interest Rate Risk***

The Group exposed to interest rate risk arise mainly from interest-bearing bank loans. The interest rates and repayment terms of these loans are disclosed in Note 14 of the financial statements. Currently, The Group does not have an interest rate hedging policy. The sensitivity analysis below is based on our exposure to interest rates for non-derivative instruments at the end of the reporting period.

We use a 50-basis point increase or decrease to report interest rate risk internally to key management personnel, as this represents management's assessment of a reasonably possible change in interest rates. If interest rates on loans had been 50 basis points higher or lower, with all other variables held constant, our profit would decrease or increase by approximately RM 11,713 for the period ended September 30, 2025 and RM 16,707 for the year ended December 31, 2024.

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **21** | **FINANCIAL INSTRUMENTS AND RISK MANAGEMENT** (cont.) |

---

***Liquidity Risk***

Liquidity risk arises mainly due to general funding and business activities. The Group practices prudent risk management by maintaining sufficient cash balances and the availability of funding through certain committed credit facilities. The table below analyses non-derivative financial liabilities of the Group into relevant maturity groupings based on the remaining period from the statement of financial position date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows, which includes both principal and interest. Balances due within 12 months equal their carrying amounts as the impact of discounting is not significant.

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, 2024** | **September 30,<br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Bank borrowings</u>** | | | |
| &nbsp;&nbsp;&nbsp;Repayment within: |  |  |  |
| Less than 1 year | 976072 | 974918 | 231594 |
| Between 1 and 2 years | 963436 | 919617 | 218457 |
| Between 2 and 5 years | 1693768 | 1171861 | 278378 |
| Over 5 years | 288536 | 129977 | 30876 |
| **<u>Bank overdraft</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayment within less than 1 year | 104587 | 526066 | 124968 |
| **<u>Lease liabilities</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayment within: |  |  |  |
| Less than 1 year | 60204 | 382416 | 90844 |
| Between 1 and 2 years | 61884 | 372016 | 88373 |
| Between 2 and 5 years | 45732 | 744912 | 176955 |
| Over 5 years | 11342 | 105485 | 25058 |
| **<u>Trade payable</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayment within less than 1 year | - | 555146 | 131877 |
| **<u>Other payable</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayment within less than 1 year | 422973 | 1000742 | 237729 |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **21** | **FINANCIAL INSTRUMENTS AND RISK MANAGEMENT** (cont.) |

---

***Credit Risk***

Credit risk primarily arises from the possibility of customers failing to fulfill their payment obligations for the services provided. The Group addresses this risk by conducting thorough customer screening and segmentation based on creditworthiness, setting appropriate credit limits, and enforcing stringent payment terms such as upfront payments and short billing cycles.

Expected credit losses are measured as the difference in the present value of the contractual cash flows that are due to the Company under the contract, and the cash flows that the Company expects to receive. The Company assesses all information available, including past due status, and forward looking macro- economic factors in the measurement of the expected credit losses associated with its assets carried at amortized cost.

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30,<br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Trade receivable</u>** | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;**<u>Collection within less than 1 year</u>** | 8409351 | 17832831 | 4236230 |
| **<u>Other receivables</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Collection within less than 1 year** | 2103818 | 771408 | 183250 |

---

***Capital Risk Management***

The Group manages its capital to ensure that entities within our Company will be able to maintain an optimal capital structure so as to support our businesses and maximize shareholders value. To achieve this objective, we may make adjustments to the capital structure in view of changes in economic conditions, such as adjusting the amount of dividend payment, returning of capital to shareholders or issuing new shares.

The Group manage its capital based on debt-to-equity ratio that complies with debt covenants and regulatory, if any. The debt-to-equity ratio is calculated as net debt divided by total equity. Net debt is calculated as lease liability, borrowings and bank overdraft plus trade and other payables less cash and bank balances. Total capital is calculated as total equity plus net debts. Capital includes equity attributable to the owners of the parent and non-controlling interest.

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Net debt | 2298706 | 3197180 | 759497 |
| Total equity | 17384201 | 48375143 | 11491625 |
| Total capital | 19682907 | 51572323 | 12251122 |
| Gearing ratio | 11.68% | 6.20% | 6.20% |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **22** | **CONCENTRATIONS OF RISK** |

---

<u>Customer Concentration</u>

For the period ended September 30, 2024, the Company generated total revenue of RM 32,359,976, of which three customers accounted for more than 55% of the Company's total revenue.

For the period ended September 30, 2025, the Company generated total revenue of RM 63,765,238, of which three customers accounted for more than 57% of the Company's total revenue.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the six months ended September 30,** | **For the six months ended September 30,** | **For the six months ended September 30,** | **For the six months ended September 30,** | **For the six months ended September 30,** | **For the six months ended September 30,** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  | **Revenues** | **Revenues** | **Percentage of<br> revenues** | **Percentage of<br> revenues** | **Trade receivables** | **Trade receivables** |
|  | **RM** | **RM** | **%** | **%** | **RM** | **RM** |
| SM Prominent Sdn Bhd | 15831117 | 8744392 | 24.83 | 27.02 | 4320680 | 733928 |
| KLC Ventures Sdn Bhd | 10857238 | 4238782 | 17.03 | 13.10 | 3344510 | 1088851 |
| Rams Solutions Sdn Bhd | 9426101 | 4721039 | 14.78 | 14.59 | - | - |
| &nbsp;&nbsp;&nbsp;Total | 36114456 | 17704213 | 56.64 | 54.71 | 7665190 | 1822779 |

---

<u>Vendor Concentration</u>

For the period ended September 30, 2024, the Company incurred cost of sale of RM 25,422,507, of which two vendor accounted for more than 60% of the Company's total cost of sale.

For the period ended September 30, 2025, the Company incurred cost of sale of RM 48,435,188, of which two vendors accounted for more than 61% of the Company's total cost of sale.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the six months ended September 30,** | **For the six months ended September 30,** | **For the six months ended September 30,** | **For the six months ended September 30,** | **For the six months ended September 30,** | **For the six months ended September 30,** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
|  | **Cost of sale** | **Cost of sale** | **Percentage of<br> cost of sales** | **Percentage of<br> cost of sales** | **Accounts <br> payable, trade** | **Accounts <br> payable, trade** |
|  | **RM** | **RM** | **%** | **%** | **RM** | **RM** |
| Vendor A | 12126712 | 5921587 | 25.04 | 23.29 | 36105 | 1524410 |
| Vendor B | 19646143 | 9439337 | 40.56 | 37.13 | 232950 | 809447 |
| &nbsp;&nbsp;&nbsp;Total | 31772855 | 15360924 | 60.60 | 60.42 | 269055 | 2333857 |

---

**SAGTEC GLOBAL LIMITED AND ITS SUBSIDIARIES NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| **23** | **OPERATING SEGMENTS** |

---

Directors determine the basis of operating segments by analyzing the Group's various revenue streams. They consider the nature of these revenues, the markets served, and the internal reporting structure. By segmenting the Group into distinct operating units, each with unique financial metrics and strategic goals, directors gain clearer insights into performance. This segmentation informs business decisions and resource allocation, allowing directors to target investments, manage costs, and optimize operations effectively for each segment.

The Group's operations are located in Malaysia. All of the Group's revenue from external customers based on the location of the Group's operations is from Malaysia. The geographical locations of the Group's non-current assets are mostly situated in Malaysia based on physical location of assets.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the nine months ended September 30, 2024** | **For the nine months ended September 30, 2024** | **For the nine months ended September 30, 2024** | **For the nine months ended September 30, 2024** | **For the nine months ended September 30, 2024** | **For the nine months ended September 30, 2024** |
|  | **SAAS <br> Business** | **Software Customization** | **Data Analysis & Hosting Services** | **Outright Purchase** | **Others** | **Total** |
|  | **RM** | **RM** | **RM** | **RM** | **RM** | **RM** |
| Revenue | 9680695 | 4684825 | 8029856 | 9964600 | - | 32359976 |
| Cost of Revenue | (7517679) | (3773769) | (7699476) | (6184500) | (247083) | (25422507) |
| Gross Profit/(Loss) | 2163016 | 911056 | 330380 | 3780100 | (247083) | 6937469 |
| Selling & Administrative Expenses | (503466) | (503466) | (503466) | (503466) | - | (2013864) |
| Income from operations | 1659550 | 407590 | (173086) | 3276634 | (247083) | 4923605 |
| Segment depreciation | 735734 | 122622 | 245246 | 61311 | 61311 | 1226224 |
| Segment amortization | 24865 | 4144 | 8289 | 2072 | 2072 | 41442 |
| Segment Assets | 16693816 | 2782303 | 5564606 | 1391151 | 1391151 | 27823027 |
| Segment Liabilities | 8544489 | 1424082 | 2848162 | 712041 | 712041 | 14240815 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the nine months ended September 30, 2025** | **For the nine months ended September 30, 2025** | **For the nine months ended September 30, 2025** | **For the nine months ended September 30, 2025** | **For the nine months ended September 30, 2025** | **For the nine months ended September 30, 2025** |
|  | **SAAS <br> Business** | **Software Customization** | **Data Analysis & Hosting Services** | **Outright Purchase** | **Others** | **Total** |
|  | **RM** | **RM** | **RM** | **RM** | **RM** | **RM** |
| Revenue | 18062860 | 8186078 | 13729995 | 23410105 | 376200 | 63765238 |
| Cost of Revenue | (15361688) | (6838044) | (10252944) | (15543633) | (438879) | (48435188) |
| Gross Profit/(Loss) | 2701172 | 1348034 | 3477051 | 7866472 | (62679) | 15330050 |
| Selling & Administrative Expenses | (749977) | (749977) | (749977) | (749976) | (749976) | (3749883) |
| Income from operations | 1951195 | 598057 | 2727074 | 7116496 | (812655) | 11580167 |
| Segment depreciation | 1471239 | 245206 | 490414 | 122603 | 122603 | 2452065 |
| Segment amortization | 37720 | 6287 | 12574 | 3143 | 3143 | 62867 |
| Segment Assets | 36614504 | 6102417 | 12204834 | 3051209 | 3051209 | 61024173 |
| Segment Liabilities | 7589418 | 1264903 | 2529805 | 632452 | 632452 | 12649030 |

---

---

| | |
|:---|:---|
| **24** | **SUBSEQUENT EVENTS** |

---

The Company has evaluated subsequent events through the date the financial statements were available to be issued. Based on this evaluation, there are no subsequent events that require disclosure or adjustment to the financial statements as of the reporting date.

## Exhibit 99.2

**Exhibit 99.2**

**MANAGEMENT'S DISCUSSION AND ANALYSIS OF<br> FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

*The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes included elsewhere in this prospectus. This discussion and analysis and other parts of this prospectus contain forward-looking statements based upon current beliefs, plans and expectations that involve risks, uncertainties and assumptions. Our actual results and the timing of selected events could differ materially from those anticipated in these forward-looking statements as a result of several factors, including those set forth under "Risk Factors" and elsewhere in this prospectus. You should carefully read the "Risk Factors" section of this prospectus to gain an understanding of the important factors that could cause actual results to differ materially from our forward-looking statements.*

**Overview**

Following the successful completion of our Initial Public Offering (IPO) in March 2025, the Company entered a pivotal stage of expansion marked by stronger brand visibility, enhanced market credibility, and increased customer engagement. The IPO has significantly elevated our profile both locally and abroad, allowing us to strengthen relationships with existing clients, attract new foreign customers from Dubai, Indonesia, and Singapore, and expand our dealer network. This heightened confidence in our brand has translated into broad-based growth across all major business divisions.

Incorporated in Malaysia in 2018, our Company specializes in delivering customizable software solutions that integrate seamlessly with operational workflows, particularly within the food and beverage (F&B) sector. Our flagship product, Speed+, serves as a smart solution for digital ordering and transaction management. Installed on Point of Sale (POS) terminals sourced from reputable third-party suppliers, Speed+ provides businesses with a unified platform for efficient order processing and payment handling. In addition, we offer bespoke software and application development tailored for table ordering, QR ordering, and self-service kiosk systems. For the nine-month periods ended September 30, 2024 and September 30, 2025, revenue from Speed+ smart ordering and QR subscription services contributed 29.92% and 28.33% of total revenue, respectively, while software development services accounted for 14.48% and 12.84%.

While the majority of our clientele remains within Malaysia's F&B industry, the customizable nature of our software and application solutions enables us to cater to a wider range of sectors, including geotechnology, beauty, and property consulting. In addition, we have incorporated AI-driven F&B data analytics to help our clients enhance their business intelligence and decision-making capabilities. Our adaptability and ability to integrate industry-specific needs have positioned us as a trusted technology partner beyond the F&B space.

Complementing our software offerings, we also market and offer self food ordering kiosk machines that enhance both customer experience and operational efficiency. These kiosks, combining intuitive design and advanced functionality, enable users to browse menus, customize orders, and complete payments effortlessly. Designed to reduce labor dependency and increase service speed, they have become an increasingly vital solution for modern food operators. For the nine months ended September 30, 2024, and September 30, 2025, sales of food ordering kiosks represented 15.23% and 22.24% of total revenue, respectively, reflecting growing demand for automation in the F&B industry. In addition to kiosk systems, the Company also provides service robotic arm solutions to further enhance operational efficiency and customer experience in F&B businesses.

Beyond the F&B sector, we continue to serve a diverse client base through software consultation and development services, which remain at the heart of our innovation. Our in-house programming team, with a combined 14 years of technical expertise, develops comprehensive and scalable digital solutions. For complex projects, we collaborate with specialized outsourcing partners to ensure optimal delivery. This dual approach, blending internal capabilities with strategic partnerships ensures we can effectively meet evolving client requirements.

Recognizing the increasing importance of digital presence, our social media management services have become a key growth driver. We manage the online presence of Key Opinion Leaders (KOLs) and influencers, optimizing engagement through data analytics and performance-driven content strategies. To further enhance campaign precision and efficiency, we have implemented an AI-driven analytics module designed to deliver more accurate audience profiling, trend prediction, and database optimization. This integration allows for deeper insights into user behavior and more targeted content delivery. For the nine months ended September 30, 2024, and September 30, 2025, this segment contributed 10.28% and 8.24% of total revenue, respectively.

In addition, through our majority-owned subsidiary, CL Technologies, we market and install power bank charging stations across more than 300 locations in Malaysia. This business addresses the growing demand for portable charging solutions in high-traffic public areas such as shopping malls and parks. Revenue from this segment contributed 15.56% and 14.47% for the nine months ended September 30, 2024 and September 30, 2025, respectively.

Our service portfolio also extends into data management solutions, which help clients organize, clean, and structure raw data for business insights. By improving accessibility and analytical capability, these services have become a valuable part of our ecosystem. For the nine months ended September 30, 2024 and September 30, 2025, data management services contributed 14.53% and 13.29% of total revenue, respectively.

The Company's financial performance reflects its strengthened post-IPO market position and consistent execution strategy. For the nine months ended September 30, 2024, we recorded total revenue of RM32,359,976 (USD7,687,187) and a net profit of RM3,363,521 (USD799,011). In comparison, for the same period in 2025, revenue surged to RM63,765,238 (USD15,147,576) while net profit climbed to RM10,978,614 (USD2,607,994) representing a 97% increase in revenue and 226% growth in net profit. The cost of sales rose in tandem with higher business activity, from RM25,422,507 (USD6,039,174) in 2024 to RM48,435,188 (USD11,505,889) in 2025, driven by scaling of operations and expansion into new market segments.

These results underscore the Company's successful transition from a fast-growing local enterprise to a recognized regional technology provider, with a diversified portfolio and a resilient foundation for sustained long-term growth.

**Results of Operations**

**<u>Comparison of the Results for Nine Months Periods Ended September 30, 2024 and 2025</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2025** |
|  | **RM** | % | **RM** | % | **Convenience <br> Translation <br> USD** |
| **<u>Revenue from services</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*Performance obligation satisfied over time* |  |  |  |  |  |
| Subscription services | 9680695 | 29.92% | 18062859 | 28.33% | 4290872 |
| Software consultation and development services | 4684825 | 14.48% | 8186078 | 12.84% | 1944621 |
| Social media management services | 3328210 | 10.28% | 5257407 | 8.24% | 1248909 |
| Data management & analysis services | 4701646 | 14.53% | 8472589 | 13.29% | 2012683 |
|  | 22395376 | 69.21% | 39978933 | 62.7% | 9497085 |
| **<u>Revenue from tangible products</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*Performance obligation satisfied at point in time* |  |  |  |  |  |
| Food ordering kiosk with screen | 4928245 | 15.23% | 14182090 | 22.24% | 3368988 |
| Power bank charging station | 5036355 | 15.56% | 9228015 | 14.47% | 2192136 |
|  | 9964600 | 30.79% | 23410105 | 36.71% | 5561124 |
| **<u>Revenue from rental</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*Performance obligation satisfied at point in time* |  |  |  |  |  |
| Coffee Machine Kiosk Rental | - | 0.00% | 376200 | 0.59% | 89367 |
| Total revenue | 32359976 | 100.00% | 63765238 | 100.00% | 15147576 |

---

Total revenue increased by RM31,405,262 or $7,460,389 approximately 97% from RM32,359,976 or $7,687,187 for the nine months ended September 30, 2024 to RM63,765,238 or $15,147,576 for the nine months ended September 30, 2025.

***Revenue from Services***

 ****

Revenue from services increased by RM17,583,557 or $4,177,012 approximately 79% from RM22,395,376 or $5,320,073 for the nine months ended September 30, 2024 to RM39,978,933 or $9,497,085 for the nine months ended September 30, 2025. This increase is attributed to the following:

&nbsp;&nbsp;&nbsp;&nbsp;1. Subscription Services: Revenue from subscription services increased by RM8,382,164 or $1,991,201 approximately
87% from RM9,680,695 or $2,299,671 for the nine months ended September 30, 2024 to RM18,062,859 or $4,290,872 for the nine months ended
September 30, 2025. The growth was driven by strong renewal momentum, new customer acquisitions following the IPO, and enhanced customer
experience initiatives. The implementation of AI-driven features within our subscription platform has further strengthened renewal rates
by providing personalized user experiences, predictive analytics, and automated support tools, resulting in stronger end-customer engagement
and satisfaction. Our bundled service offerings and strengthened client engagement programs have reinforced recurring revenue stability.

&nbsp;&nbsp;&nbsp;&nbsp;2. Software Consultation and Development Services: Revenue rose by RM3,501,253 or $831,730 approximately
75% from RM4,684,825 or $1,112,891 for the nine months ended September 30, 2024 to RM8,186,078 or $1,944,621 for the nine months ended
September 30, 2025. The increase reflects a surge in demand for customized digital transformation projects, particularly from startups
and mid-sized enterprises. Improved post-IPO market visibility, combined with our technical expertise and flexible engagement models,
positioned us as a preferred partner regionally.

&nbsp;&nbsp;&nbsp;&nbsp;3. Social Media Management Services: Revenue increased by RM1,929,197 or $458,285 approximately 58% from
RM3,328,210 or $790,624 for the nine months ended September 30, 2024 to RM5,257,407 or $1,248,909 for the nine months ended September
30, 2025. Businesses continued to emphasize digital engagement and real-time customer interaction, leading to greater adoption of our
analytics-driven content solutions. Our ability to integrate automation and AI-assisted campaign tools has attracted both local and international
clients seeking measurable marketing impact.

&nbsp;&nbsp;&nbsp;&nbsp;4. Data Management & Analysis Services: Revenue increased by RM3,770,943 or $895,796 approximately 80%
from RM4,701,646 or $1,116,887 for the nine months ended September 30, 2024 to RM8,472,589 or $2,012,683 for the nine months ended September
30, 2025. The growth reflects the increasing adoption of data-centric business strategies among clients. Our solutions consolidate data
from POS systems, social media channels, food ordering kiosks, and power bank charging stations to deliver actionable insights on customer
behavior and transaction trends. The implementation of AI-driven analytics has significantly enhanced data precision and predictive capability,
enabling clients to make faster, more informed decisions. These AI features have also contributed to stronger renewal momentum by improving
user experience and automating performance tracking. Supported by the Company's upgraded infrastructure post-IPO, the segment continues
to demonstrate improved scalability, integration capability, and service reliability.

***Revenue from Tangible Products***

Revenue from tangible products increased by RM13,445,505 or $3,194,010 approximately 135% from RM9,964,600 or $2,367,114 for the nine months ended September 30, 2024 to RM23,410,105 or $5,561,124 for the nine months ended September 30, 2025. Key contributors include:

&nbsp;&nbsp;&nbsp;&nbsp;1. Food Ordering Kiosk with Screen: Revenue surged by RM9,253,845 or $2,198,272 approximately 188% from RM4,928,245
or $1,170,716 for the nine months ended September 30, 2024 to RM14,182,090 or $3,368,988 for the nine months ended September 30, 2025.
Growth was driven by digitalization trends in the F&B sector as operators adopted automation to manage costs and improve service efficiency.

labor dependency.

&nbsp;&nbsp;&nbsp;&nbsp;2. Power Bank Charging Station: Revenue increased by RM4,191,660 or $995,738 approximately 83% from RM5,036,355
or $1,196,398 for the nine months ended September 30, 2024 to RM9,228,015 or $2,192,136 for the nine months ended September 30, 2025.
The improvement was supported by network expansion into high-traffic areas and growing consumer adoption of portable charging solutions.
Strategic partnerships and heightened post-IPO brand visibility further reinforced this vertical's contribution.

***Revenue from Rental***

Revenue from the newly introduced coffee machine kiosk rental business contributed RM376,200 in 2025. This initiative aligns with the Group's diversification strategy and taps into a rising automation trend in beverage retail. Supported by in-house Speed+ expertise and software customization capabilities, this new vertical demonstrates strong potential despite longer payback periods.

---

| | | | |
|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Cost of sales from services | 18990924 | 32452676 | 7709207 |
| Cost of sales from tangible products | 6184500 | 15543633 | 3692425 |
| Cost of sales from rental | 247083 | 438879 | 104257 |
| Total cost of sales | 25422507 | 48435188 | 11505889 |

---

Total cost of sales increased by RM23,012,681 or $5,466,715 approximately 91% from RM25,422,507 or $6,039,174 for the nine months ended September 30, 2024 to RM48,435,188 or $11,505,889 for the nine months ended September 30, 2025. This increase reflects the scaling up of operations following the IPO, supported by stronger sales momentum and expansion of technical infrastructure.

***Cost of Sales from Services***

The cost of sales from services increased by RM13,461,752 or $3,197,870 approximately 71% from RM18,990,924 or $4,511,337 for the nine months ended September 30, 2024 to RM32,452,676 or $7,709,207 for the nine months ended September 30, 2025, primarily due to increased service volumes and investments in technical resources. The Group expanded its server capacity, network infrastructure, and maintenance services to support higher data traffic and ensure consistent system uptime. Additional costs were also incurred for technical support staff and source code development and maintenance which are crucial to maintaining service reliability amid growing demand.

***Cost of Sales from Tangible Products***

The cost of sales from tangible products increased by RM9,359,133 or $2,223,283 approximately 151% from RM6,184,500 or $1,469,142 for the nine months ended September 30, 2024 to RM15,543,633 or $3,692,425 for the nine months ended September 30, 2025, primarily due to higher sales volume and an increase in supplier pricing during the period. The Group does not perform installation work for these tangible products, as the food ordering kiosks and power bank charging stations are purchased directly from suppliers and sold to customers. The overall increase in cost therefore correlates closely with the rise in units sold and adjustments in supplier costs. Despite this, the Company continues to maintain efficient procurement practices and strategic supplier relationships to support pricing stability and ensure consistent product quality.

***Cost of Sales from Rental***

The cost of sales from rental increased by RM191,796 or $45,562 approximately 77% from RM247,083 or $58,695 for the nine months ended September 30, 2024 to RM438,879 or $104,257 for the nine months ended September 30, 2025, mainly due to depreciation of newly deployed assets under the coffee machine kiosk rental model. In addition, the cost of sales continued to include the fixed depreciation charges for power bank charging stations that were previously used for rental purposes in the prior period. These costs remained largely fixed in nature, comprising asset depreciation, maintenance expenses, and limited operational manpower. As the rental business is still in its early stage, scalability and cost optimization are expected to improve as the segment matures and asset utilization rates increase.

---

| | | | |
|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Gross profit from services | 3404452 | 7526257 | 1787878 |
| Gross profit from tangible products | 3780100 | 7866472 | 1868699 |
| Gross loss from rental | (247083) | (62679) | (14890) |
| Total gross profit | 6937469 | 15330050 | 3641687 |

---

Gross profit increased by RM8,392,581 or $1,993,676 approximately 121% from RM6,937,469 or $1,648,011 for the nine months ended September 30, 2024 to RM15,330,050 or $3,641,687 for the nine months ended September 30, 2025. The overall gross margin improved as a result of post-IPO economies of scale, enhanced operational automation, and better supplier terms.

***Services***

The gross profit from services increased by RM4,121,805 or $979,144 approximately 121% from RM3,404,452 or $808,735 for the nine months ended September 30, 2024 to RM7,526,257 or $1,787,878 for the nine months ended September 30, 2025. The improvement reflected a balance between higher operating costs and stronger revenue leverage. On the cost side, the Group invested in expanded technical support teams, increased server capacity, and source code development and maintenance to support the growing subscriber base. These necessary investments increased service delivery costs in the short term. However, revenue growth and improved operational efficiency driven by centralized support systems, automated ticketing and monitoring platforms, and standardized deployment procedures that enhanced staff productivity and reduced per-customer servicing costs.

***Tangible Products***

The gross profit from tangible products increased by RM4,086,372 or $970,728 approximately 108% from RM3,780,100 or $897,971 for the nine months ended September 30, 2024 to RM7,866,472 or $1,868,699 for the nine months ended September 30, 2025. As sales volumes grew, fixed distribution and commercial overheads were absorbed over a larger revenue base, contributing to margin expansion even though unit supplier costs rose. Furthermore, the Group's post-IPO purchasing power enabled it to renegotiate supplier terms and secure improved volume discounts for key components, partially offsetting supplier price increases.

***Rental***

The gross loss from rental narrowed by RM184,404 or $43,805 approximately 75% from RM247,083 or $58,695 for the nine months ended September 30, 2024 to RM62,679 or $14,890 for the nine months ended September 30, 2025, supported by initial revenue contributions from coffee machine kiosk rentals. Although still in the investment phase, better asset utilization and early adoption by retail partners have begun to reduce overall losses in this segment.

---

| | | | |
|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Selling and administrative | (1182748) | (2565229) | (609376) |
| Employee benefit expenses | (292230) | (406087) | (96467) |
| Director emoluments | (538886) | (778567) | (184950) |
| Total operating expenses | (2013864) | (3749883) | (890793) |
| Operating income | 4923605 | 11580167 | 2750894 |

---

Total operating expenses increased by RM1,736,019 or $412,395 approximately 86% from RM2,013,864 or $478,398 for the nine months ended September 30, 2024 to RM3,749,883 or $890,793 for the nine months ended September 30, 2025, reflecting higher operational capacity, staff expansion, and strategic marketing activities following the IPO. Despite the increase, operating expenses remained well-controlled relative to revenue growth. This rise in operating expenses was attributed to several key areas:

***Selling and Administrative Expenses***

These expenses increased by RM1,382,481 or $328,412 approximately 117% from RM1,182,748 or $280,964 for the nine months ended September 30, 2024 to RM2,565,229 or $609,376 for the nine months ended September 30, 2025, mainly due to higher marketing expenditure for brand-building campaigns and international business development efforts. The Group invested in digital advertising and promotional activities to strengthen market penetration. Administrative expenses also rose with the establishment of new overseas client liaison offices to support regional customer engagement.

***Employee Benefit Expenses***

Employee benefit expenses increased by RM113,857 or $27,047 approximately 39% from RM292,230 or $69,420 for the nine months ended September 30, 2024 to RM406,087 or $96,467 for the nine months ended September 30, 2025, driven primarily by growth in administrative and corporate support headcount, including finance, human resources and general administration roles to support the Group's expanded operations.

***Director Emoluments***

The expenses for director emoluments increased by RM239,681 or $56,936 approximately 45% from RM538,886 or $128,014 for the nine months ended September 30, 2024 to RM778,567 or $184,950 for the nine months ended September 30, 2025, reflecting the adoption of a performance-based remuneration framework aligned with the Group's post-IPO growth objectives. The increase also includes the introduction of remuneration for an Independent Director appointed after the IPO, in line with enhanced corporate governance requirements. This approach rewards leadership for strategic execution, financial performance, and strengthened governance oversight.

***Operating Income***

Operating income increased by RM6,656,562 or $1,581,281 approximately 135% from RM4,923,605 or $1,169,613 for the nine months ended September 30, 2024 to RM11,580,167 or $2,750,894 for the nine months ended September 30, 2025 underscoring the Group's strengthened operational efficiency and disciplined cost management following the IPO. The improvement reflects the Group's ability to scale its business profitably, maintaining cost discipline while supporting higher revenue and activity levels.

This strong performance was driven by the combination of higher gross margins, optimized operating structures, and strategic resource utilization across both service and product segments. The Group's ongoing digitalization initiatives including process automation, enhanced financial management systems, and streamlined administrative workflows that contribute to improved productivity and reduced overhead pressure.

Key factors behind the improvement include:

● Sustained revenue growth across all major business lines;

● Effective cost control and operational streamlining initiatives post-IPO; and

● Increased scalability and efficiency gains from digital and process optimization measures.

---

| | | | |
|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Other income | 214114 | 1236009 | 293617 |
| Finance costs | (193434) | (190716) | (45305) |
| Non-operating income | 20680 | 1045293 | 248312 |
| Profit before tax | 4944285 | 12625460 | 2999206 |
| Tax Expenses | (1580764) | (1646846) | (391212) |
| Net profit | 3363521 | 10978614 | 2607994 |

---

***Other Income***

 ****

Other income increased by RM1,021,895 or $242,754 approximately 477% from RM214,114 or $50,863 for the nine months ended September 30, 2024 to RM1,236,009 or $293,617 for the nine months ended September 30, 2025, primarily due to favorable foreign exchange movements arising from increased international transactions. Additional contributions came from interest income and the reversal of unclaimed provision for warranty, which positively impacted the current period's results.

***Finance Costs***

Finance costs decreased by RM2,718 or $646 approximately 2% from RM193,434 or $45,951 for the nine months ended September 30, 2024 to RM190,716 or $45,305 for the nine months ended September 30, 2025, reflecting prudent financial management and stable borrowing levels. The Company's strong post-IPO liquidity position allowed it to maintain optimal debt levels while managing interest rate exposure.

***Non-Operating Income***

Non-operating income increased by RM1,024,613 or $243,400 approximately 4955% from RM20,680 or $4,912 for the nine months ended September 30, 2024 to RM1,045,293 or $248,312 for the nine months ended September 30, 2025, mainly from foreign exchange gains and reversal of unclaimed provision for warranty. These non-recurring gains strengthened overall earnings for the period.

***Profit Before Tax***

Profit before tax increased by RM7,681,175 or $1,824,681 approximately 155% from RM4,944,285 or $1,174,525 for the nine months ended September 30, 2024 to RM12,625,460 or $2,999,206 for the nine months ended September 30, 2025, reflecting exceptional revenue growth and disciplined cost management. The improvement was driven by higher operating efficiency, effective expense control, and strong margin performance across both service and product segments.

***Tax Expenses***

Tax expenses increased by RM66,082 or $15,698 approximately 4% from RM1,580,764 or $375,514 for the nine months ended September 30, 2024 to RM1,646,846 or $391,212 for the nine months ended September 30, 2025. The increase was in line with the higher profit before tax recorded during the period. The Group's effective tax rate remained consistent with the prior period, reflecting the stable tax environment and the absence of significant non-deductible items or tax incentives during the period.

***Net Profit***

Net profit increased by RM7,615,093 or $1,808,983 approximately 226% from RM3,363,521 or $799,011 for the nine months ended September 30, 2024 to RM10,978,614 or $2,607,994 for the nine months ended September 30, 2025, driven by sustained growth across all revenue streams, improved gross margins, and stable operating costs. This strong profitability underscores the Company's ability to scale effectively in the post-IPO environment while maintaining financial resilience.

**Liquidity and Capital Resources**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  |  | **2024** | **2025** | **2025** |
|  |  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **CASH FLOWS FROM OPERATING ACTIVITIES:** |  |  |  |  |
| Net Profit for the period |  | 3363521 | 10978614 | 2607994 |
| *<u>Adjustments to reconcile net profit to net cash used in operating activities:</u>* |  |  |  |  |
| Provisions |  | (114290) | (31361) | (7450) |
| Depreciation |  | 1226224 | 2452065 | 582494 |
| Amortization |  | 41442 | 62867 | 14934 |
| Imputed interest of lease liability |  | 7805 | 10781 | 2561 |
| Finance costs |  | 193434 | 190716 | 45305 |
| Overdraft charges |  | 78027 | 78643 | 18682 |
| Income tax expenses |  | 1580764 | 1646846 | 391212 |
| Gain on disposal of plant & equipment |  |  | (460) | (109) |
| Gain on lease termination |  | - | (4790) | (1138) |
| Operating cash flows before movements in working capital |  | 6376927 | 15383921 | 3654485 |
| Trade receivables |  | (5747931) | (9423480) | (2238568) |
| Other receivables and prepayment |  | 2389849 | 2095752 | 497851 |
| Other payables and accrued liabilities |  | 321348 | 396431 | 94174 |
| Trade payables |  | 2656836 | 555146 | 131876 |
| Deferred revenue |  | (2541920) | - | - |
| Cash generated from operations |  | 3455109 | 9007770 | 2139818 |
| Income tax paid |  | - | (1043652) | (247922) |
| **Net cash provided by operating activities** |  | 3455109 | 7964118 | 1891896 |
| **Investing activities** |  |  |  |  |
| Purchase of plant and equipment |  | (4664732) | (26858184) | (6380222) |
| Proceeds from disposal of plant and equipment |  | - | 833172 | 197922 |
| **Net cash used in investing activities** |  | (4664732) | (26025012) | (6182300) |
| **Financing activities** |  |  |  |  |
| Issuance of ordinary shares upon IPO, net |  |  | 20012328 | 4753973 |
| Repayment of lease liabilities |  | (42813) | (172246) | (40918) |
| Increase in fixed deposits |  | (27580) | (18832) | (4474) |
| Overdraft charges paid |  | (78027) | (78643) | (18682) |
| Repayment of bank loans |  | (193434) | (541547) | (128646) |
| Loan interest paid |  | (471402) | (190716) | (45305) |
| Proceeds from bank loans |  | 1000000 |  |  |
| Proceeds from amount due to shareholders |  | (886) |  |  |
| Proceeds from amount due to directors |  | (219866) | - | - |
| **Net cash (used in)/provided by financing activities** |  | (34008) | 19010344 | 4515948 |
| Net (decrease)/increase in cash and cash equivalents |  | (1243631) | 949450 | 225544 |
| Cash and cash equivalents at beginning of period | 11.0 | (241006) | 370129 | 87926 |
| Cash and cash equivalents at end of period | 11.0 | (1484637) | 1319579 | 313470 |

---

***Operating activities***

For the nine months ended September 30, 2024, the Company generated RM3,455,109 or $820,769 from operating activities. The cash inflow was mainly attributable to profit before tax adjusted for non-cash items, coupled with an increase in other receivables and prepayments, trade payables, other payables, and accrued liabilities, as well as a decrease in trade receivables and deferred revenue.

For the nine months ended September 30, 2025, the Company generated RM7,964,118 or $1,891,896 from operating activities. The positive cash flow primarily resulted from profit before tax adjusted for non-cash items, together with an increase in trade payables, other payables, and accrued liabilities, as well as a decrease in trade receivables. The improvement in operating cash flow reflects stronger collection efficiency, prudent working capital management, and higher business activity following the IPO.

***Investing activities***

For the nine months ended September 30, 2024, the Company invested RM4,664,732 or $1,108,118 in plant and equipment to support business operations.

For the nine months ended September 30, 2025, the Company used RM26,025,012 or $6,182,300 in investing activities, primarily for the acquisition of plant and equipment related to new business segments and technological upgrades, partially offset by proceeds from the disposal of plant and equipment. The increase in capital investment aligns with the Group's post-IPO strategy to enhance capacity, infrastructure, and long-term growth potential.

***Financing activities***

For the nine months ended September 30, 2024, the Company generated RM34,008 or $8,079 in financing activities mainly arising from proceeds from bank overdrafts and bank loans, partially offset by repayments of lease liabilities, bank loans, and amounts due to shareholders and directors, as well as increases in fixed deposits.

For the nine months ended September 30, 2025, the Company generated RM19,010,344 or $4,515,948 from financing activities. The increase was mainly attributed to the issuance of new share capital in connection with the IPO and proceeds from bank overdrafts, partially offset by repayments of lease liabilities and bank loans, as well as increases in fixed deposits. The proceeds from financing activities strengthened the Company's liquidity position and funded its business expansion initiatives during the period.

**Capital Expenditure**

---

| | | | |
|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the nine months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Investment in plant and equipment:</u>** |  |  |  |
| Equipment & Machine | 4664732 | 19746293 | 4690777 |
| License |  | 7031639 | 1670382 |
| Renovation | - | 80252 | 19063 |
| Total | 4664732 | 26858184 | 6380222 |

---

For the nine months ended September 30, 2024, the Company invested RM4,664,732 or $1,108,118 in plant and equipment.

For the nine months ended September 30, 2025, the Company invested RM26,858,184 or $6,380,222 in plant and equipment.

**Material Obligation for the twelve months ending September 30, 2025**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **RM** | **RM** | **RM** | **RM** | **RM** | **RM** | **RM** | **USD** |
| <br>**Repayment Obligation** | **Leases** | **Bank Borrowings** | **Bank Overdraft** | **Trade payable** | **Other payable** | **Tax payable** | **Total** | **Total** |
| Period ending September 30, 2026 | 319463 | 778869 | 526066 | 555146 | 1569168 | 4476000 | 8224712 | 1953799 |
| Period ending September 30, 2027 | 325200 | 784937 |  |  |  |  | 1110137 | 263716 |
| Period ending September 30, 2028 | 324936 | 620634 |  |  |  |  | 945570 | 224622 |
| Period ending September 30, 2029 | 312832 | 222305 |  |  |  |  | 535137 | 127123 |
| Period ending September 30, 2030 | 55091 | 188873 |  |  |  |  | 243964 | 57954 |
| After September 30, 2030 | 100443 | 125550 | - | - | - | - | 225993 | 53685 |
|  | 1437965 | 2721168 | 526066 | 555146 | 1569168 | 4476000 | 11285513 | 2680899 |

---

The Company believes that current working capital is adequate to meet these repayment material obligations for the twelve months ended September 30, 2026.

In addition, the Company expect to generate additional cash flow from operational profit to meet repayment obligation beyond September 30, 2026.

**Financing Arrangement**

As of September 30, 2025, the Company had RM2,250,000 or $534,492 overdraft facility through subsidiaries from 2 banks, intended for working capital usage, of which the Company utilized RM526,066 or $124,968 with undrawn balance of RM1,723,934 or $409,524.

**Off-balance Sheet Arrangements**

We do not have any off-balance sheet arrangements.

**Critical Accounting Estimates**

*<u>Useful lives of plant and equipment</u>*

The Group's management determines the estimated useful lives and the related depreciation charge for the Group's plant and equipment. This estimate is based on the historical experience of the actual useful lives of plant and equipment of similar nature and functions. Management will increase the depreciation charge where useful lives are less than previously estimated lives, or will write off or write down technically obsolete or non-strategic assets that have been abandoned or sold. Actual economic lives may differ from estimated useful lives. Periodic review could result in a change in depreciable lives and therefore depreciation charge in the future periods.

*<u>Impairment of Trade Receivables</u>*

The Group uses the simplified approach to estimate a lifetime expected credit loss allowance for all trade receivables. The Group develops the expected loss rates based on the payment profiles of past sales and the corresponding historical credit losses, and adjusts for qualitative and quantitative reasonable and supportable forward-looking information. If the expectation is different from the estimation, such difference will impact the carrying value of trade receivables.

**Quantitative and Qualitative Disclosures about Market Risk**

We are exposed to market risk (including foreign currency risk and interest rate risk), credit risk, and liquidity risk in the ordinary course of business. Our overall financial risk management policy focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on our financial performance.

***Foreign Currency Risk***

The Group expose to foreign currency risk due to transactions and balances denominated in currencies other than the functional currency of the respective entities of the Group, with the primary risk arising from the Chinese Renminbi ("RMB"). The Group closely monitor foreign currency risk on an ongoing basis to ensure that our net exposure remains at an acceptable level.

The company is subject to minimal foreign currency risk due to its foreign supplier policy of making prepayments in advance of delivery, thus eliminating the need for credit terms.

***Interest Rate Risk***

The Group exposed to interest rate risk arise mainly from interest-bearing bank loans. The interest rates and repayment terms of these loans are disclosed in Note 14 of the financial statements. Currently, The Group does not have an interest rate hedging policy. The sensitivity analysis below is based on our exposure to interest rates for non-derivative instruments at the end of the reporting period.

We use a 50-basis point increase or decrease to report interest rate risk internally to key management personnel, as this represents management's assessment of a reasonably possible change in interest rates. If interest rates on loans had been 50 basis points higher or lower, with all other variables held constant, our profit would decrease or increase by approximately RM11,713 for the period ended September 30, 2025 and RM16,707 for the year ended December 31, 2024.

***Liquidity Risk***

Liquidity risk arises mainly due to general funding and business activities. The Group practices prudent risk management by maintaining sufficient cash balances and the availability of funding through certain committed credit facilities. The table below analyses non-derivative financial liabilities of the Group into relevant maturity groupings based on the remaining period from the statement of financial position date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows, which includes both principal and interest. Balances due within 12 months equal their carrying amounts as the impact of discounting is not significant.

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Bank borrowings</u>** | | | |
| &nbsp;&nbsp;&nbsp;**<u>Repayment within:</u>** | | | |
| Less than 1 year | 976072 | 974918 | 231594 |
| Between 1 and 2 years | 963436 | 919617 | 218457 |
| Between 2 and 5 years | 1693768 | 1171861 | 278378 |
| Over 5 years | 288536 | 129977 | 30876 |
| **<u>Bank overdraft</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayment within less than 1 year | 104587 | 526066 | 124968 |
| **<u>Lease liabilities</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayment within: |  |  |  |
| Less than 1 year | 60204 | 382416 | 90844 |
| Between 1 and 2 years | 61884 | 372016 | 88373 |
| Between 2 and 5 years | 45732 | 744912 | 176955 |
| Over 5 years | 11342 | 105485 | 25058 |
| **<u>Trade payable</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayment within less than 1 year |  | 555146 | 131877 |
| **<u>Other payable</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Repayment within less than 1 year | 422973 | 1000742 | 237729 |

---

***Credit Risk***

Credit risk primarily arises from the possibility of customers failing to fulfill their payment obligations for the services provided. The Group addresses this risk by conducting thorough customer screening and segmentation based on creditworthiness, setting appropriate credit limits, and enforcing stringent payment terms such as upfront payments and short billing cycles.

Expected credit losses are measured as the difference in the present value of the contractual cash flows that are due to the Company under the contract, and the cash flows that the Company expects to receive. The Company assesses all information available, including past due status, and forward looking macro- economic factors in the measurement of the expected credit losses associated with its assets carried at amortized cost.

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| **<u>Trade receivable</u>** | | | |
| &nbsp;&nbsp;&nbsp;Collection within less than 1 year | 8409351 | 17832831 | 4236230 |
| **<u>Other receivables</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Collection within less than 1 year | 2103818 | 771408 | 183250 |

---

***Capital Risk Management***

The Group manages its capital to ensure that entities within our Company will be able to maintain an optimal capital structure so as to support our businesses and maximize shareholders value. To achieve this objective, we may make adjustments to the capital structure in view of changes in economic conditions, such as adjusting the amount of dividend payment, returning of capital to shareholders or issuing new shares.

The Group manage its capital based on debt-to-equity ratio that complies with debt covenants and regulatory, if any. The debt-to-equity ratio is calculated as net debt divided by total equity. Net debt is calculated as lease liability, borrowings and bank overdraft plus trade and other payables less cash and bank balances. Total capital is calculated as total equity plus net debts. Capital includes equity attributable to the owners of the parent and non-controlling interest.

---

| | | | |
|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** |
|  | **December 31, <br> 2024** | **September 30, <br> 2025** | **September 30, <br> 2025** |
|  | **RM** | **RM** | **Convenience <br> Translation <br> USD** |
| Net debt | 2298706 | 3197180 | 759497 |
| Total equity | 17384201 | 48375143 | 11491625 |
| Total capital | 19682907 | 51572323 | 12251122 |
| Gearing ratio | 11.68% | 6.20% | 6.20% |

---

***Inflation***

Malaysia's inflation rates stood at 1.7% for the year ended December 31, 2024, and 1.5% for the period ended September 30, 2025. These figures indicate a moderate level of inflation during these periods and we believe that there will be no material impact on their company.

## Exhibit 99.3

**Exhibit 99.3**

**Sagtec Delivers 226% Surge in Net Profit as <br> Revenue Nearly Doubles in 2025 Interim Results**

KUALA LUMPUR, MALAYSIA, November 25, 2025 (GlobeNewswire) – Sagtec Global Limited (NASDAQ: SAGT) ("Sagtec" or the "Company"), a leading total technology solutions provider specializing in AI technology, cloud-based ordering systems, and customizable software solutions, today announced its audited financial results for the nine months ended September 30, 2025 (the "Interim Results" or the "Financial Results").

● **Revenue surged 97%** year-over-year (YoY) to US$15.1 million for nine months period ended September 30, 2025, driven by strong growth across both services and tangible products.

● **Net profit rose 226% YoY to US$2.6 million**, driven by higher operating income, improved gross margins, and increased other income.

● **Gross profit increased 121% to US$3.6 million**, reflecting robust demand and operating leverage.

● **Cash position strengthened significantly to US$313 thousand,** compared to a deficit of US$353 thousand at the be ginning of the period, reflecting a total improvement of US$666 thousand, representing a 189% improvement relative to the starting deficit.

"Our record-breaking results demonstrate the strength of Sagtec's business model and the scalability of our revenue streams. Demand for our software and smart hardware solutions continues to grow, supported by an expanding customer base and increasing recurring contributions. The strategic initiatives we've executed are delivering measurable returns and reinforcing our position in Malaysia's digital transformation landscape. As we move forward, we remain focused on disciplined expansion, sustainable profitability, and creating long-term value for our shareholders across Southeast Asia," said Kevin Ng, Chairman, Executive Director and Chief Executive Officer of Sagtec.

**<u>FINANCIAL RESULTS</u>**

Sagtec's **revenue** for the nine months ended September 30, 2025, increased to US$15.1 million, up 97% from US$7.6 million in the same period last year. Growth was broad-based across all core business segments, supported by accelerating adoption of subscription-based software, customized development services, and technology-enabled hardware solutions within the food and beverages (F&B) and related sectors.

● **Sagtec's revenue from services surged by 79%** to **US$9.5 million** for the nine months period ended September 30, 2025, compared to US$5.3 million for the same period in 2024. The growth was driven by strong renewal momentum, new customer acquisitions following the IPO, and enhanced customer experience initiatives. The implementation of AI-driven features within our subscription platform has further strengthened renewal rates by providing personalized user experiences, predictive analytics, and automated support tools, resulting in stronger end-customer engagement and satisfaction. Our bundled service offerings and strengthened client engagement programs have reinforced recurring revenue stability. Improved post-IPO market visibility, combined with our technical expertise and flexible engagement models, positioned us as a preferred partner regionally. Our ability to integrate automation and AI-assisted campaign tools has attracted both local and international clients seeking measurable marketing impact.

● **Revenue from the newly introduced F&B service robotic machine kiosk rental business** contributed US$89 thousand in 2025. This initiative aligns with the Group's diversification strategy and taps into a rising automation trend in beverage ret ail. Supported by in-house Speed+ expertise and software customization capabilities, this new vertical demonstrates strong potential despite longer payback periods.

---

| | | | |
|:---|:---|:---|:---|
|  | For the Nine Months Ended September 30 | For the Nine Months Ended September 30 | For the Nine Months Ended September 30 |
|  | 2025 | 2024 | Change |
|  | USD | USD | % |
| Revenue from services | 9497085 | 5320073 | 79% |
| Revenue from tangible products | 5561124 | 2367114 | 135% |
| Revenue from rental | 89367 | - | 100% |
| Total Revenue | 15147576 | 7687187 | 97% |

---

**EBITDA grew 139% year-over-year**, from US$1.5 million for the nine months ended September 30, 2024 to US$3.6 million in the same period of 2025, reflecting strong revenue expansion, increased other income, and sustained operational efficiency.

**Net income rose 226% year-over-year,** increasing from US$799 thousand in the nine months ended September 30, 2024, to US$2.6 million in the same period of 2025. The surge driven by sustained growth across all revenue streams, improved gross margins, and stable operating costs. This strong profitability underscores the Company's ability to scale effectively in the post-IPO environment while maintaining financial resilience.

**Cost of sales** was US$11.5 million for the nine months ended September 30, 2025, representing a **91% increase from US$6 million** for the same period in 2024. This increase reflects the scaling up of operations following the IPO, supported by stronger sales momentum and expansion of technical infrastructure.

● **Cost of sales from services increased by 71% to US$7.7 million,** compared to US$4.5 million in the prior-year period. This increase primarily due to increased service volumes and investments in technical resources. The Group expanded its server capacity, network infrastructure, and maintenance services to support higher data traffic and ensure consistent system uptime. Additional costs were also incurred for technical support staff and source code development and maintenance which are crucial to maintaining service reliability amid growing demand.

● **Expenses for tangible products increased 151% to US$3.7 million**, up from US$1.5 million for the same period in 2024. The increase primarily due to higher sales volume and material cost increase in supplier pricing during the period. The Group does not perform manufacturing for these tangible products, as the food self ordering kiosks and power bank charging stations are purchased import directly from sole manufacturer and sold to customers. The overall increase in cost therefore correlates closely with the rise in units sold and adjustments in supplier costs. Despite this, the Company continues to maintain efficient procurement practices and strategic supplier relationships to support pricing stability and ensure consistent product quality.

● **Cost of sales from rentals increased 77% to US$104 thousand,** up from US$57 thousand, This increases mainly due to depreciation o f newly deployed assets under the F&B service robotic machine kiosk rental model. In addition, the cost of sales continued to include the fixed depreciation charges for power bank charging stations that were previously used for rental purposes in the prior period. These costs remained largely fixed in nature, comprising asset depreciation, maintenance expenses, and limited operational manpower. As the rental business is still in its early stage, scalability and cost optimization are expected to improve as the segment matures and asset utilization rates increase.

---

| | | | |
|:---|:---|:---|:---|
|  | 2025 | 2024 | Change |
|  | USD | USD | % |
| Cost of Sales - Services | 7709207 | 4511337 | 71% |
| Cost of Sales – Tangible Products | 3692425 | 1469142 | 151% |
| Cost of Sales - Rental | 104257 | 58695 | 77% |
| Total | 11505889 | 6039174 | 91% |

---

**Operating income rose significantly to US$2.8 million** for the nine months period ended September 30, 2025, representing a 135% increase from US$1.2 million in the same period of 2024. This substantial growth underscoring the Group's strengthened operational efficiency and disciplined cost management following the IPO. The improvement reflects the Group's ability to scale its business profitably, maintaining cost discipline while supporting higher revenue and activity levels. This strong performance was driven by the combination of higher gross margins, optimized operating structures, and strategic resource utilization across both service and product segments. The Group's ongoing digitalization initiatives including process automation, enhanced financial management systems, and streamlined administrative workflows that contribute to improved productivity and reduced overhead pressure.

**Director compensation expenses increased by 45%** from US$128 thousand in the nine months period ended September 30, 2024 to US$185 thousand in the same period of 2025. The increase reflects the adoption of a performance-based remuneration framework aligned with the Group's post-IPO growth objectives. The increase also includes the introduction of remuneration for an Independent Director appointed after the IPO, in line with enhanced corporate governance requirements. This approach rewards leadership for strategic execution, financial performance, and strengthened governance oversight.

As a result of these factors, **net profit surged 226% year-over-year** to US$2.6 million for the nine months ended September 30, 2025, compared to US$799 thousand for the same period in 2024. This driven by sustained growth across all revenue streams, improved gross margins, and stable operating costs. This strong profitability underscores the Company's ability to scale effectively in the post-IPO environment while maintaining financial resilience.

**Basic and diluted earnings per share (EPS) stood at US$0.20,** up from US$0.07 in the prior-year period. The increase in EPS highlights Sagtec's expanding profitability and reinforces its ability to generate sustainable shareholder value as it continues executing its growth strategy.

**<u>CASH POSITION AND CAPITAL ALLOCATION</u>**

For the nine months ended September 30, 2025, **net cash generated in operating activities was US$1.9 million**, compared to a **net inflow of US$820 thousand in the same period of 2024**. This shift was primarily due to working capital movements, including a significant increase in other receivables and prepayments, as **Sagtec scaled operations to meet growing client demand**. While net profit and non-cash adjustments remained strong, short-term liquidity was impacted by timing differences in receivables and payables related to ongoing expansion initiatives.

**Net cash used in investing activities rose sharply to US$6.1 million** in the nine months ended September 30, 2025, compared to US$1.1 million in the same period of 2024. The increase reflects Sagtec's continued investment in strategic assets, including major upgrades to plant and equipment, as well as new software license acquisitions to support long-term scalability and product innovation.

In contrast, **net cash generated from financing activities surged to US$4.5 million** during the period, up from US$8 thousand a year earlier. The strong inflow was primarily driven by the successful issuance of new share capital and additional financing facilities, which were used to support infrastructure investments and balance sheet strengthening.

As a result of these movements, **cash and cash equivalents increased to US$313 thousand** as of September 30, 2025, compared to a deficit of US$353 thousand at the beginning of the period, reflecting a total improvement of US$666 thousand, representing a 189% improvement relative to the starting deficit. This improvement reflects Sagtec's enhanced capital management and reinforces the company's ability to support growth through a combination of equity and internally generated capital.

**About Sagtec Global Limited**

Sagtec Global Limited (NASDAQ: SAGT) is a leading total technology solutions provider specializing in AI technology, cloud-based ordering systems, and customizable software solutions. The Company drives digital transformation through a scalable SaaS model, empowering over 12,000 businesses across Southeast Asia with enhanced efficiency, automation, and market competitiveness.

For more information on the Company, please log on to https://www.sagtec-global.com/.

**Contact Information:**

**Sagtec Global Limited Contact:**

Zainab Fateema binti Mustafa

Head of Public Relations & Corporate Affairs

Telephone +6011-6217 3661

Email: info.pr@sagtec-global.com