Dividend Policy
With effect from the financial year ended 31 December 2026, the Board of Directors of Coastal Contracts Bhd (“the Group”) is committed to delivering sustainable returns to shareholders through a consistent and transparent dividend policy.
Subject to the Group’s financial performance and prevailing business conditions, the Board aims to distribute dividends of not less than 20% of the Group’s profit attributable to shareholders, excluding extraordinary and non-recurring items.
The declaration and payment of dividends will take into account, among others, the following considerations:
- the Group’s financial position, cash flow and funding requirements;
- future prospects, strategic plans and capital expenditure needs;
- working capital requirements and debt servicing obligations including the conditions and limitations as stipulated in any loan agreements;
- prevailing economic and market conditions; and
- any other factors deemed relevant by the Board.
The Board will review the dividend policy periodically to ensure its continued relevance and alignment with the Group’s growth objectives and financial position. The actual dividend declared in any financial year may vary depending on the circumstances at the time.