ARB IOT Group Ltd. reported revenue from IoT Smart Home and Building of RM0.5 million ($0.1 million) for the year ended June 30, 2024, compared to RM2.5 million ($0.5 million) for the year ended June 30, 2023, reflecting a decrease of RM2.0 million ($0.4 million) or 81.2 percent. Revenue from IoT Gadget Distribution was RM5.7 million ($1.2 million) for the year ended June 30, 2024, down from RM20.1 million ($4.3 million) for the prior year, a decrease of RM14.4 million ($3.1 million) or 71.6 percent. The IoT Gadget Distribution business line was disposed of in October 2023 following the sale of ARB Midware Sdn. Bhd. and ARB Distribution Sdn. Bhd. due to its insignificant profit generation. The company operates through two reportable segments: provision of hardware and software of IoT solutions, and investment holding and others. ARB IOT Group Ltd. is a holding company and its ability to pay dividends depends on payments from its subsidiaries. The company stated there are no trends or uncertainties likely to have a material effect on financial results other than those disclosed in the annual report.