PetGas holds steady outlook despite higher costs


MBSB Research said PetGas’ earnings for the first half of financial year 2025 came in within its expectations at 47%.

PETALING JAYA: Petronas Gas Bhd’s (PetGas) performance is still impacted from the Putra Heights incident, in addition to the review of the sales and services Tax, Regulatory Period 4 electricity tariff, trade policies, and geopolitical risks that remain as near-term downside risks to growth.

MBSB Research said PetGas’ earnings for the first half of financial year 2025 (1H25) came in within its expectations at 47%, and consensus at 49%.

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