Turnaround likely for Sapura Energy from FY27

Sapura Energy’s total order book stands at more than RM8bil.

PETALING JAYA: Sapura Energy Bhd, which is in the spotlight following a proposed RM1.1bil cash injection from the government to repay unpaid vendors, could achieve sustainable profit from financial year 2027 (FY27).

In a report, BIMB Research said this is likely to come with cost savings from its debt restructuring plan and a sustained order book in the drilling, and operations and maintenance (O&M) segments.