KUALA LUMPUR: MISC Bhd
will prioritise disciplined leverage management, proactive liquidity planning, and continued optimisation of funding costs this year amid ongoing geopolitical challenges.
Its chief financial officer, Afendy Mohamed Ali, said the financial environment in 2026 is expected to be characterised by continued interest rate uncertainty, ongoing geopolitical fragmentation, and differentiated financing conditions.
"In this context, we will prioritise disciplined leverage management, proactive liquidity planning and continued optimisation of funding costs while maintaining alignment with credit rating thresholds,” he said in MISC’s 2025 Integrated Annual Report.
He said that, from an operating perspective, the company’s revenue base continues to be anchored on contracted and recurring income across core business segments, with selective exposure to spot markets.
"Capital expenditure will be directed towards committed projects, fleet rejuvenation and asset integrity, with funding decisions anchored on cash flow generation and prudent gearing levels,” he said.
He added that the company will continue to strengthen enterprise-level financial governance, improve transparency of performance drivers, and sharpen decision-making across the group.
"This discipline positions MISC to navigate near-term uncertainty while enabling the execution of our strategy under the MISC 2030 Ambition and the delivery of sustainable long-term value,” he said.
Meanwhile, MISC chairman Datuk Abu Huraira Abu Yazid said the year was marked by heightened geopolitical tensions and economic uncertainty, affecting global energy and shipping markets.
"Trade and policy developments shifted global trade flows and shipping patterns, while evolving maritime and climate-related frameworks added complexity to investment decisions,” he said.
Against this challenging landscape, he said the board maintained close oversight of these developments to ensure key risks were carefully identified and assessed.
"These considerations were incorporated into our strategic choices, including decisions on capital allocation throughout the year,” he said.
He added that a strong focus was maintained on operational safety and risk management.
"In facing shifting trade routes and heightened operational complexity, the protection of our seafarers and shore-based personnel was treated as fundamental. Safety, regulatory compliance and operational discipline remained non-negotiable priorities,” he said.
MISC Group is one of the world’s leading providers of international energy-related maritime solutions and services. - Bernama
