PETALING JAYA (July 10) — Titijaya Land Bhd has disclosed that its wholly owned moneylending subsidiary, Titijaya Capital Sdn Bhd, had RM2.28 million in outstanding loans as at June 30, 2026, with all financing extended to individual borrowers.

The disclosure was made in compliance with Paragraph 8.23(2)(e) of Bursa Malaysia's Main Market Listing Requirements, which requires listed companies engaged in moneylending activities to provide quarterly updates on their loan portfolios.

All Outstanding Loans Extended to Individuals

As at June 30, 2026, Titijaya Capital's loan portfolio consisted entirely of unsecured loans to individual borrowers.

The company confirmed that during the quarter:

• There were no outstanding loans to corporate borrowers.
• There were no loans extended to related parties.

The disclosure indicates that the subsidiary's moneylending business remains focused on personal financing rather than corporate lending.

Internal Funding of RM200,000

Titijaya also disclosed that companies within the Titijaya Land Group had provided RM200,000 in funding to Titijaya Capital as at June 30, 2026.

The company further stated that the moneylending subsidiary had:

• No unsecured bank borrowings.
• No unsecured borrowings from other non-bank financial intermediaries guaranteed by Titijaya Land.

This suggests that the subsidiary continues to operate with relatively limited external leverage.

RM1.60 Million in Loans Remain in Default

One of the more notable disclosures was the level of defaulted loans within the portfolio.

As at June 30, 2026:

• Total outstanding loans: RM2.28 million.
• Loans in default: RM1.60 million.
• Net loans in default: RM1.60 million.

Based on the reported figures, defaulted loans represent approximately 70% of the subsidiary's total net loan portfolio.

The company noted that the amount remained unchanged from April 1, 2026.

During the quarter, there were:

• No additional loans classified as being in default.
• No recoveries of defaulted loans.
• No loan write-offs.
• No conversion of outstanding loans into securities.

Largest Borrower Owes Approximately RM1.60 Million

Under the disclosure of major outstanding facilities, Titijaya identified four term loans.

The largest loan comprised:

• Facility limit: RM1.5 million.
• Outstanding principal: RM1.33 million.
• Accrued interest: RM269,436.54.
• Total outstanding amount: Approximately RM1.60 million.

The loan is unsecured, unrelated to any related party and structured for repayment through monthly instalments upon maturity.

Moneylending Conducted in Ordinary Course of Business

Titijaya emphasised that the financial assistance was provided through Titijaya Capital's licensed moneylending operations and formed part of its ordinary business activities.

The company also noted that the financial figures for the fourth quarter ended June 30, 2026 remain unaudited.

What This Means

The latest disclosure provides greater transparency into Titijaya Land's relatively small moneylending business. While the total outstanding loan portfolio of RM2.28 million is modest, the high proportion of loans in default—approximately 70% of the portfolio—highlights the credit risks associated with unsecured personal lending.

Although no additional deterioration was reported during the quarter, the absence of recoveries or repayments on defaulted loans suggests that loan collection remains a key challenge for the subsidiary.

For investors, the moneylending operation represents only a small part of Titijaya Land's overall business, which is primarily focused on property development. Nevertheless, quarterly disclosures such as these provide useful insight into the performance and credit quality of its financial services segment, enabling shareholders to monitor potential risks and assess the subsidiary's contribution to the group's overall financial position.