PETALING JAYA: Hibiscus Petroleum Bhd
has upgraded its sales volume guidance for its financial year 2026 (FY26) to 9-9.4 million barrels of oil equivalent (MMboe) despite earnings for the first quarter of financial year 2026 (1QFY26) coming in lower on-year due to planned maintenance at its upstream operations.
The oil and gas company posted a 9% year-on-year (y-o-y) drop in revenue to RM433mil for the 1QFY26, while earnings fell 73% to RM20mil or earnings per share (EPS) of 2.73 sen in the quarter.
