KUALA LUMPUR (Nov 3): Destini Bhd (KL:DESTINI) has until Nov 7 to submit its annual report for the financial year ended June 30, 2025 (FY2025), or face trading suspension from Nov 10.

The engineering group, which recently returned to profitability following a strategic pivot into the rail sector from its roots as a defence contractor, missed the Oct 31 deadline to release its annual report, which includes audited financial statements, as well as the auditors’ and directors’ reports.

Pursuant to Bursa Securities’ Main Market listings requirements, trading in Destini’s securities will be suspended if the company fails to issue the 2025 annual report within five market days, that is by Nov 7, according to an exchange filing on Monday.

“In the event that Destini is unable to submit the outstanding annual report 2025 on or before 7 November 2025, the trading in the company’s securities will be suspended with effect from 9am, [on] Monday, Nov 10, 2025, until further notice,” the filing stated.

Destini also risks de-listing if it fails to submit the report within six months of the original deadline.

The company said the report is in its final stages, with administrative and compilation procedures still underway. It expects to issue and submit the documents by Nov 7.

In terms of financial performance, Destini returned to profitability in FY2025 after three consecutive years of losses.

It posted a net profit of RM8.44 million in the fourth quarter ended June 30, 2025 (4QFY2025), reversing a net loss of RM97.22 million a year earlier. Quarterly revenue nearly tripled to RM90.28 million from RM31.74 million, driven by train and equipment deliveries in the mobility and aviation segments.

For the full year, Destini recorded a net profit of RM28.18 million on revenue of RM340.49 million. The group attributed the recovery to a strong order book and continued execution of key contracts. No year-on-year comparison was provided due to a change in its financial year-end from Dec 31 to June 30.

At Monday’s close, Destini shares slipped 0.5 sen or 1.2% to 41 sen, valuing the group at RM225.08 million. Year to date, the stock has climbed 26.2%, buoyed by its improved financial performance.