PetGas said revenue for the quarter also slipped to RM1.62bil from RM1.66bil in the same period a year ago.
KUALA LUMPUR: Petronas Gas Bhd
(PetGas) posted a lower net profit of RM444.23mil in the third quarter (3Q) ended Sept 30, 2025, from RM493.67mil in the same period last year.
In a filing with Bursa Malaysia yesterday, PetGas said revenue for the quarter also slipped to RM1.62bil from RM1.66bil in the same period a year ago.
The group said the lower revenue was mainly from the utilities segment in line with lower product prices and the gas transportation segment, following a downward tariff adjustment arising from the sharing factor for the prior year’s lower internal gas consumption (IGC).
For the first nine-month period, PetGas posted a lower net profit of RM1.36bil compared to RM1.42bil in the same period last year.
Revenue, meanwhile, slipped to RM4.80bil from RM4.92bil previously.
Regarding prospects, the company said it continues to demonstrate resilience through disciplined operations, proactive asset management and sustained cost-optimisation efforts, despite operational challenges during the year.
“In the upcoming quarter, the group expects maintenance activities to intensify as part of ongoing reliability and safety assurance programmes, and the rebates adjustment in relation to the new electricity tariffs structure announced by the government will continue to exert pressure on the utilities segment’s revenue.
“PetGas remains focused on prudent cost management, operational excellence and long-term sustainability, ensuring safe, reliable and efficient operations that continue to create enduring value for all stakeholders,” it said. — Bernama
