KUALA LUMPUR: Gas Malaysia Bhd
expects to deliver a satisfactory performance in the financial year 2026 ending Dec 31, 2026 (FY26), while remaining cautious amid prevailing market uncertainties.
It said the group will continue implementing prudent measures to enhance operational efficiency and competitiveness.
“In line with its long-term strategic direction under GM32 Strategy, the Group will also pursue selective growth opportunities in new business segments to support sustainable medium to long-term growth,” Gas Malaysia said in the notes accompanying its financial results.
“While these initiatives may continue to result in higher near-term operating costs, the Group remains committed to disciplined cost management and operational excellence.”
For the fourth quarter ended Dec 31, 2025, Gas Malaysia’s net profit fell 22.5% to RM87.4mil, or earnings per share of 6.80 sen, compared with RM112.7mil, or 8.78 sen, a year earlier.
The weaker performance was mainly due to a lower average natural gas contribution margin, reduced finance and other operating income, as well as higher administrative expenses and finance costs.
This was partially offset by higher natural gas sales volume and a stronger share of results from joint venture companies.
Quarterly revenue declined 11.7% to RM1.81bil from RM2.05bil previously, in line with the lower average natural gas selling price, mitigated by higher sales volume.
For FY25, Gas Malaysia recorded a net profit of RM381.7mil, down 13.5% from RM441.4mil, while revenue slipped 8.8% to RM7.34bil compared with RM8.04bil last year.
Gas Malaysia declared a second interim dividend of 8.50 sen per share on 1.284 billion ordinary shares, amounting to RM109.1mil, in respect of FY25. The dividend will be paid on April 24, 2026.
