KUALA LUMPUR: Perdana Petroleum Bhd
’s net profit for the financial year ended Dec 31, 2025 (FY2025) fell to RM56.09 million from RM146.12 million in FY2024.
Revenue also declined by 31 per cent to RM279.14 million, compared to RM440.12 million a year ago, due to a lower own vessel utilisation rate (52 per cent versus 70 per cent).
"It was also attributed to lower third-party vessel chartering of RM39.6 million, representing a 64 per cent decline compared to RM108.5 million achieved last year.
"Marginally offsetting was the higher ancillary income, particularly on vessel mob and demob income,” it said in a Bursa Malaysia filing today.
In the fourth quarter of 2025 (4Q 2025), the company’s net profit dropped to RM1.81 million from RM29.55 million in the same quarter a year ago, while revenue eased to RM48.37 million from RM89.05 million previously.
Regarding its outlook, the company stated it will remain dedicated to operational discipline, cost optimisation, and enhancing efficiency to build resilience and maintain competitiveness.
"Offshore support vessel (OSV) activities in Malaysia have remained relatively stable despite the challenging macroeconomic environment, underpinned by Petronas’ continued commitment to sustaining upstream operations,” it said.
However, the company noted that the operating landscape remains shaped by domestic uncertainties, which may affect the timing of project and contract awards.
"The limited pace of OSV newbuild activity and tightening vessel supply are expected to provide a structural cushion against potential further rate weakness and support the sector’s longer-term stability,” it added. - Bernama
