ADNEX demonstrated resilient performance despite a RM3.06 million one-off listing expense that weighed on reported profit, while its adjusted PBT margin remained strong at 14.20%. Revenue stayed stable with slight quarter-on-quarter growth despite a seasonally softer Q1, and the IPO significantly strengthened the balance sheet, boosting total equity to RM35.00 million and cash reserves to RM21.85 million. Interior Fit-out Works remained the main revenue contributor at 75.31%, followed by Turnkey Fit-out Services at 24.69%