PETALING JAYA: Dialog Group Bhd
anticipates the economic environment to remain challenging in the short to medium term.
As such, the integrated technical service provider said it will continue to build and strengthen its competencies by investing in and upskilling its workforce and digital transformation to remain efficient and competitive.
“Barring any unforeseen circumstances, the group is optimistic of its positive performance in the financial year ending June 30, 2026,” it said in a filing with Bursa Malaysia.
For its first quarter ended Sept 30, 2025, Dialog’s net profit dropped to RM140.02mil from RM150.97mil in the previous corresponding period.
Revenue in the first quarter, meanwhile, rose to RM657mil from RM634.45mil a year earlier.
“Despite the resilient operational performance, the group’s net profit after tax for the current financial quarter of RM146.2mil was 1.6% lower than RM148.6mil reported in the same period last year.
“This slight decline was primarily due to a reduced profit contributions from its joint ventures and associates.”
Within Malaysia, its performance was driven primarily by midstream operations which reported increased earnings from healthy tank storage occupancy.
“The current quarter also saw higher contributions from the downstream operations largely following cost optimisation initiatives and completion of several projects,” said the energy services company.
“Profit contribution from the upstream operation for the current financial quarter was, however, lower when compared to the same period last year due to both reduced crude oil allocation and lower realised oil prices.”
On the international front, Dialog said its improved performance was attributable to increased fabrication activities in New Zealand and higher contributions from engineering and maintenance activities in Singapore due to completion of projects.
“The profit contributions from joint ventures and associates for the current financial quarter was lower against the same period last year due to unrealised foreign exchange movement.”
Dialog said it had recommended a final cash dividend of 1.80 sen (previous corresponding year: 2.80 sen) per ordinary share in respect of the previous financial year for approval of the shareholders at its forthcoming AGM.
“Subject to the approval, the entitlement of the final dividend will be determined based on the shareholders registered in the record of depositors as at Dec 3, 2025 and the date of payment will be on Dec 19, 2025.”
Separately, Dialog announced the expansion of Phase 3 at its Pengerang Deepwater Terminals (PDT) in Johor, Malaysia, following the signing of a conditional long-term service agreement with BP Singapore Pte Ltd.
In a filing with Bursa Malaysia, Dialog said the agreement was signed between Dialog Terminals Pengerang (5) Sdn Bhd, Dialog Terminals Sdn Bhd and BP Singapore.
The expansion will add 614,000 cubic metres of tank capacity for refined petroleum products and biofuels, with BP Singapore as the dedicated long-term customer.
The project is expected to be completed by mid-2028, bringing PDT’s total storage capacity to approximately one million cubic metres across 48 tanks.
Dialog said the expansion is part of its ongoing efforts to develop the PDT into the largest petroleum and petrochemical hub in the Asia Pacific region.
“Phase 3 PDT comprises common tankage facilities including shared infrastructure and dedicated deepwater marine facilities and the development of additional petroleum and petrochemicals storage terminals for multiple medium to long-term customers, including oil traders, multinational oil companies, refineries, and petrochemical plants,” it added.
Furthermore, the agreement follows the successful launch of Phase 3 PDT in 2018, which began with a 430,000 cubic m storage capacity.
“Upon completion of the current expansion of Phase 3 PDT, PDT’s total storage capacity will increase to approximately one million cubic metres across 48 tanks, effectively more than doubling its existing capacity of 430,000 cubic metres.
“In parallel, the addition of five new operational berths will enhance marine handling capacity,” it said.
Dialog said the expansion of Phase 3 PDT will further increase long-term recurring income and unlock further opportunities for its engineering, construction, fabrication, and plant maintenance divisions.
