Hibiscus Petroleum Bhd co-founder and managing director Dr Kenneth Gerard Pereira
PETALING JAYA: Hibiscus Petroleum Bhd
posted a net profit of RM74.6mil for the fourth quarter ended June 30 (4Q25) on the back of RM629.5mil revenue and an average realised oil and condensate price of US$72.70 per barrel.
The upstream oil and gas company declared a fifth interim single-tier dividend of 0.5 sen per ordinary share and, subject to shareholders’ approval at its forthcoming Annual General Meeting, a final dividend of 0.5 sen per ordinary share for the financial year 2025 (FY25). This will result in total dividends of 9 sen per ordinary share for FY25. The fifth interim dividend is payable on Oct 23.
“For FY26, the Company targets to declare a minimum total dividend of 8 sen a share, if average oil prices are between US$65 a barrel and US$75 a barrel, and 10.0 sen per ordinary share if oil prices exceed US$75 a barrel,” it stated in a filing with Bursa Malaysia.
The Group targets to sell 8.8-9.3 million barrels of oil equivalent (boe) in FY26.
For FY25, Hibiscus delivered sales of 8.9 million boe of oil, condensate and gas, representing a 14% increase from FY24.
FY25 revenue amounted to RM2.3bil (versus RM2.7bil in FY24) while earnings at RM117.5mil (RM467mil in FY24) due to softer average oil and gas selling prices, the weaker US dollar and a one-off non-cash deferred tax liability charge for the Energy Profits Levy (EPL) in the UK. Excluding the EPL effect, normalised net profit stood at RM290.6mil.
“Cashflows remained robust with operating cashflows (excluding lease liabilities payments) increasing by 7% year-on-year to RM867mil with our Brunei gas asset delivering RM175mil of EBITDA (earnings before interest, taxes, depreciation and amortisation). This transformative acquisition in Brunei and the Group’s capex were fully funded by internal cash and financing facilities. The Group’s financial position is sound with a low gearing ratio of 28%,” Hibiscus stated in its filing.
“We remain bullish in the outlook of the oil and gas sector. Our focus in the coming year is to deliver on our 2026 Mission of 35,000 boe/day, underpinned by identified growth opportunities. Looking further ahead, we have launched our 2030 Mission that targets a two-fold increase in production to 70,000 boe/day, supported by initiatives in our key growth hubs in Malaysia and Brunei,” Hibiscus’ managing director Datuk Kenneth Pereira noted.
