PETALING JAYA: Dialog Group Bhd
is staying focused in the pursuit of its key long-term strategies, saying that it is confident that its business model is well structured to manage and sustain the group through periods of economic uncertainty, oil price volatility and currency movements.
It said its core business remains intact as it realigns its focus to prioritise key competencies across all three of its upstream, midstream and downstream segments.
Releasing its results for the second quarter ended Dec 31, 2025 (2Q26) for the financial year ending June (FY26), Dialog jumped back to the black by recording a net profit of RM137.7mil, from a loss of RM129.5mil a year ago.
Revenue grew by 11.2% year-on-year (y-o-y) to RM756.3mil.
“The healthy performance was driven by positive contributions from the group’s businesses, particularly its Malaysia operations,”Dialog said in a filing to Bursa Malaysia.
Explaining further, it said its Malaysia operations had remained busy across the upstream, midstream and downstream businesses, translating into improved profit contribution overall in 2Q26.
Dialog said its midstream operation registered increased earnings from healthy tank storage occupancy while the downstream operations achieved higher contributions on the back of cost optimisation initiatives and completion of several projects.
“The upstream operations, however, saw a lower contribution due to reduced crude oil allocation and lower realised oil prices.
“On the International front, the current financial quarter saw a slight decrease in profit contributions attributable to reduced business activities,” the group added.
Profit contribution from joint ventures and associates for the current financial quarter was also higher against the same period last year, mainly due to favourable foreign exchange movement on US dollar liabilities at one of its associate companies, said Dialog.
For the six months ended December (1H26), Dialog saw bottomline increase by almost thirteen-fold y-o-y to RM277.8mil, as turnover rose 7.5% to RM1.41bil.
The group added that it has successfully eliminated negative contributions from a previously loss-making joint venture, which ceased operations last year.
“Overall, the group’s performance underscores the resilience of its integrated business model and its ability to navigate fluctuating global oil prices and currency movements through diversified operations,” it said.
The group had not announced any dividends for FY26.
Moving forward, Dialog said it will continue to grow its presence in the upstream business through the development and rejuvenation of oil and gas fields, while for the midstream segment, the group will continue to invest in phased capacity expansions for dedicated long-term customers across its midstream terminals business portfolio.
