PETALING JAYA: Malakoff Corp Bhd
expects challenges to impact the overall performance for the financial year ending Dec 31, 2025, taking into consideration the impact from Tanjung Bin Energy Sdn Bhd’s (TBE) fire incident.
For the third quarter ended Sept 30, 2025 (3Q25), its net profit was down 67.5% year-on-year (y-o-y) to RM28.2mil.
This translates to an earnings per share of 0.01 sen.
This was primarily due to TBE’s capacity payment loss following steam turbine crossover pipe leakage, final insurance claims on TBE’s low-pressure turbine blade failure recognized in 3Q24 and lower contribution from investments in associates.
Revenue, meanwhile, declined by 23.8% y-o-y to RM1.69bil.
