Chairman & MD Statement

Dear Shareholders,

We are delighted to share this report and our analysis regarding TMH’s performance in FY 24/25. The purpose of this report is to present the company’s financial information together with its non-financial performance.

The Role of TMH

TMH holds a vital position for Myanmar People. Our company maintains essential infrastructure for the clients and currently provides services 470,000+ people in conflict-affected areas.

Financial Information

In the fiscal year 2024–2025, the Company generated a total revenue of MMK 5,888 million. Of this, MMK 2,339 million was derived from tower site maintenance services, MMK 310 million from mobile top-up card operations, and MMK 3,239 million from other project-related businesses. Compared to the fiscal year 2023–2024, revenue decreased by 19 percent.

Impacts of Recent Conflicts and Natural Disasters

The recent conflicts have also had a significant impact on our Company. For example, our associate company, Myanmar GT Broadband Company Limited, was compelled to suspend its fiber internet services in Lashio, Northern Shan State. Similarly, the distribution and sale of mobile top-up cards were also suspended in the affected regions.

In addition, due to the earthquake that occurred on 28 March 2025, certain operational assets stored in our Nay Pyi Taw warehouse were lost and subsequently written off from the accounts.

Employee Safety and Support

In the fiscal year 2024–2025, 5% of our maintenance operations became inaccessible due to conflict-affected circumstances. At TMH, employee safety is our foremost priority. Accordingly, we continuously monitor potential risks to staff operating in conflict-affected areas and take proactive measures to safeguard their security and well-being. To this end, TMH maintains ongoing communication with local communities, relevant authorities, and operators for ensuring the highest possible level of employee protection. Furthermore, we are pleased to report that none of our employees were harmed during the earthquake of 28 March 2025.

In the fiscal year 2024–2025, the Company incurred MMK 617 million in remuneration expenses. As part of employee welfare initiatives, the Company distributed essential food items, including rice, cooking oil, and eggs. Furthermore, training programs totally 192 hours were delivered to 10 percent of the workforce.

Social and Environmental Responsibility Initiatives

TMH Company actively participates in social and environmental responsibility programs aimed at contributing to the sustainable development and well-being of the community. In FY 2024-2025, our employees collectively participated in a blood donation program at Yangon Children’s Hospital, participated in the Metta Home Project for the communities in the Inle Lake region, and financial contributions to assist communities impacted by Cyclone Mocha. In FY 2024–2025, TMH allocated MMK 27 million towards social and environmental responsibility initiatives.

Impacts and Strategies

We are implementing strategies in alignment with the Company’s vision and mission. We understand that our customers and stakeholders place their trust in a company that operates with a clear and transparent purpose.

During the fiscal year 2024–2025, the Company encountered significant challenges, including the depreciation of the Myanmar Kyat, instability in foreign exchange rates, and the impacts from conflict-affected areas across the country.

To overcome these challenges, the Board of Directors met six times during the year to deliberate on the Company’s operations and implemented the following measures:

• Reviewed and approved company expenditures, deliberated on financial matters, and set revenue forecasts and projections.
• Supported the management team in exercising strict control and disciplined management of company expenses.
• Recorded and wrote off certain asset losses resulting from the natural disaster that occurred on 28 March 2025.
• Discussed opportunities for market expansion and the development of new business ventures.
• Ensured that the management team held quarterly meetings with employees to address operational matters and strengthen communication.
• Directed management to set departmental sales targets and to continuously monitor performance against established goals.

Role of Independent Board Members

We appreciate to all Board members, in particular the three Independent Non-Executive Directors, for their time, guidance, and invaluable contributions. Their independent perspectives strengthen governance practices and ensure accountability to our stakeholders.

Transparency

We are pleased to report that TMH Company was rank 4 in transparency among Myanmar companies in the Pwint Thit Sa Report 2023–2024, and ranking second among listed companies on Yangon Stock Exchange.

In conclusion, TMH remains firmly committed to its vision and mission. Looking ahead, the Company will pursue new strategies, drive expansion into emerging projects and business opportunities, and further enhance corporate governance, thereby creating sustainable value for all stakeholders. Amidst ongoing challenges, the Company continues to prioritize the interests of all stakeholders and shareholders, with a steadfast commitment to shaping a stronger and more sustainable future. As TMH’s Borads, we would like to express our sincere appreciation for the trust of our shareholders and stakeholders, as well as for the dedication and commitment of our employees and management team.

To build a stronger TMH, we rely on your trust. Therefore, we welcome your comments or questions about our report: please get in touch with our company secretary, who is also in charge of our compliance and sustainability efforts, by email at [email protected].

Your sincerely,