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The settlement of the SKIN case resulted in a significant one-off accounting impairment, resulting in the Group posting a net loss of RM42.0 million for FY2025. We are confident that a substantial portion of this impairment will be recovered following the completion of the settlement distribution process. The SKIN resolution is a strategic turning point. It strengthened our cash and cash equivalents to RM68.4 million via an interim distribution as at the end of FY2025. With a fortified balance sheet, the Group is now poised to accelerate its transformation for its core growth engines: Cloud, Talent, Artificial Intelligence (AI), and Cybersecurity.
Customer adoption of our Cloud infrastructure continues to gather momentum, strengthening our market position. Building on this, we have launched new, high-value offerings in AI, Cybersecurity, e-Invoicing, and ERP solutions. These services, combined with our proven Talent solutions, significantly expand our capabilities and address the market's most pressing digital needs.
Our status as Google Cloud’s premier partner in Malaysia places us at the forefront of the nation's digital agenda. We are directly aligned with government priorities in AI and cybersecurity, enabling us to lead the deployment of advanced technologies for our customers. With the SKIN case now resolved and our financial position secure, we are poised to execute this strategic direction, driving our next phase of growth and innovation.