ANNUAL REPORT 2024

The Board of Directors of PRIVASIA Technology Berhad (“the Group”) hereby submit their Annual Report 2024 and the audited financial statements of the Group and of the Company for the year ended 31 December 2024.

PRIVASIA has continued to include a separate Sustainability Report of the Group and of the Company for the year ended 31 December 2024. This publication highlights how PRIVASIA can create sustainable value for all our stakeholders, in response to the growing expectation that companies should contribute to social, ethical and environmental issues.

We share this publication with all of our external stakeholders, including our shareholders, investors, customers, local authorities and job applicants, as well as all PRIVASIA employees.

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In nature, blooming is a sign of vitality. In 2024, the same can be said of technology across our region. We are witnessing a season of extraordinary digital growth: artificial intelligence is no longer theoretical, smart infrastructure is rapidly taking shape, and digital ecosystems are turning green. At PRIVASIA, we see this not as coincidence, but convergence.

Tech is Blooming - And So Are We.

This year’s theme reflects more than market trends; it captures a mindset. At PRIVASIA, we believe that transformation doesn’t wait for permission. That the future belongs to those who prepare for it before it arrives. And that belief is deeply aligned with our mantra: “The Future of Business, Today.”

We’ve spent years laying the groundwork. In 2024, those efforts began to blossom. Our bold leap into the future—the announcement of PRIVASIA’s first Green Tier IV Data Centre— marks a defining moment, and perhaps the most transformative decision in our company’s history. We’ve long been the architects behind others’ digital foundations. Now, we are building our own. But this is more than infrastructure—it’s about relevance. It’s about PRIVASIA becoming a cornerstone of Malaysia’s digital future, contributing to national goals while creating a resilient, intelligent platform for growth.

Our data centre is designed for performance and sustainability, but also for purpose: enabling recurring revenue, supporting AI and cloud native services, and reinforcing Malaysia’s standing as a regional digital leader.

We believe data is the seed of progress, and infrastructure is the soil in which innovation grows. Our role is to nurture that soil— responsibly, strategically, and with long-term care.

As Chairman, I remain committed to ensuring that our journey is governed by integrity, guided by long-term thinking, and grounded in value for all stakeholders. In line with this, the Board continues to uphold strong corporate governance and risk management, champion ESG priorities across climate, talent, and digital inclusion, and support strategic investments that drive future-ready, intelligent growth.

On behalf of the Board, I extend my sincere appreciation to our Group CEO/MD, the senior leadership team, and every member of the PRIVASIA family. Your passion and commitment continue to fuel our progress. And to our shareholders—thank you for your continued trust and belief in our vision. It is the water that sustains our growth.

DATO’ AZMAN BIN MAHMUD
CHAIRMAN / INDEPENDENT NON-EXECUTIVE DIRECTOR

2024 Performance At A Glance

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RM73.5M

PRIVASIA Group Revenue

RM9.4M

Operating Profit. +26.3% Growth

RM181.9M

Total Assets. +55.6% Growth

RM0.59

Earning Per Share

(38.5 TCO2e)

Scope 2 - Electricity 2024 vs 2021

(49.3 TCO2e)

Scope 3 - Work Commute (Road) 2024 vs 2021

(1.14 TCO2e)

Scope 3 - Paper Usage 2024 vs 2021

(39.4 TCO2e)

Scope 3 - Business Travel (Road) 2024 vs 2021

+0.79 TCO2e

Scope 3 - Business Travel (Air) 2024 vs 2023