KUALA LUMPUR: Gas Malaysia Bhd
’s net profit for the second quarter ended June 30, 2025, (2Q 2025) fell to RM99.12 million from RM110.05 million in the previous corresponding period.
Revenue also slipped by 9.2 per cent to RM1.80 billion compared to RM1.98 billion previously.
In a filing with Bursa Malaysia, Gas Malaysia attributed the lower revenue to a lower average natural gas selling price, mitigated by a higher volume of natural gas sold and a higher tolling fee.
For the first half ended June 30, 2025 (1H 2025), the company’s net profit contracted to RM199.25 million from RM212.68 million in the same period last year, while revenue dipped by 5.5 per cent to RM3.64 billion from RM3.85 billion.
Gas Malaysia added that the company had declared on Aug 21, 2025, the first interim dividend of six sen per share on the 1,284,000,000 ordinary shares.
This amounts to RM77.04 million in respect of the financial year ending Dec 31, 2025, which will be paid on Oct 31, 2025.
On prospect, the company said it will continue to implement prudent measures to enhance operational efficiency, improve competitiveness, and pursue strategic growth opportunities.
"With these initiatives in place, the board is confident that the group is well-positioned to deliver a satisfactory performance for the financial year 2025, while maintaining a cautious outlook in view of ongoing market uncertainties,” it said. - Bernama
