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Integrated Annual Report 2025

COVER 1
Inside This Report 2-3
About This Report 4-5
QL at A Glance 4-5
Principal Activities 4-5
2025 Key Highlights 6-7
Our Presence 8-9
Chairman’s Statement 10-11
Management Discussion and Analysis 14-15
Group Chief Executive Officer’s Review 14-15
Strategy 16-17
Significant Risks & Opportunities 18-19
Value Creation Business Model 20-21
Business Review 22-23
Group Outlook 30-31
Sustainability Statement 32-33
Overview & FY2025 Sustainability Highlights 32-33
Stakeholder Engagement 36-37
Materiality Assessment 38-39
Environmental Responsibility 42-43
Social Responsibility 52-53
Governance Responsiblity 70-71
Leadership & Governance 86-87
Corporate Information 86-87
Board of Directors 88-89
Profile of Board of Directors 90-91
Key Senior Management 104-105
Corporate Governance Overview Statement 104-105
Audit Committee Report 114-115
Statement on Risk Management and Internal Control 118-119
Additional Compliance Information 124-125
Statement of Directors’ Responsibility 126-127
Financial Statements 126-127
Directors’ Report 128-129
Statements of Financial Position 136-137
Statements of Profit or Loss and Other Comprehensive Income 138-139
Consolidated Statement of Changes in Equity 140-141
Statement of Changes in Equity 142-143
Statements of Cash Flows 144-145
Notes to the Financial Statements 152-153
Statement by Directors 250-251
Statutory Declaration 252-253
Independent Auditors’ Report 252-253
Appendices 258-259
List of Properties 258-259
Shareholders’ Analysis Report 260-261
Disclosure on Recurrent Related Party Transactions 262-263
Notice of Annual General Meeting 272-273
Form of Proxy 280-281

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