KUALA LUMPUR: Faced with global market uncertainty and softer oil prices, Petronas Dagangan Bhd
said it is cautiously optimistic over the remainder of 2025 with a focus on adapting to the market volatility.
In the third quarter ended Sept 30, 2025, the group posted a net profit of RM281.25mil, down from RM335.13mil in the year-ago quarter.
It siad the profit decline was owing to lower gross profit from less favourable Mean of Platts Singapore price trend as well as market conditions.
Earnings per share contracted to 28.3 sen from 33.7 sen previously.
Quarterly revenue was lower at RM9.53bil as compared to RM9.73bil in the same quarter in 2024 due to lower average selling prices despite higher sales volume.
In the nine-month period, the group maintained a slightly higher net profit of RM840.28mil, against RM837.57mil in the year-ago period, while revenue dipped to RM27.69bil from RM28.96bil over the same period.
The group said the lower revenue was mainly attributed to lower average selling
prices of 5% while volume remained comparable.
Year-to date, revenue contribution in the retail segment was down 6% due to a reduction in sales volume, mainly from diesel.
The commercial semgent also saw a 3% decline in revenue contribution due to lower average selling prices, which was partially negated by higher sales volume in Jet A1 and diesel.
Meanwhile, the convenience semgent experienced an 8% decline on the back of lower merchandise sales.
The board of directors declared an interim dividend of 24 sen per share, with entitlement date on Dec 11, 2025, and payable on Dec 24, 2025.
