KUALA LUMPUR: Dialog Group Bhd
’s net profit rose 13.6% to RM167.5mil for the fourth quarter ended June 30, 2026 (4Q26), from RM147.4mil a year earlier, underpinned by higher revenue.
Quarterly revenue increased 27.3% to RM774.5mil from RM608.34mil in the previous corresponding quarter. Earnings per share rose to 2.97 sen from 2.61 sen previously.
For the full financial year ended June 30, 2026 (FY26), Dialog’s net profit nearly doubled to RM593.5mil from RM303.8mil a year earlier, while revenue increased 10.6% to RM2.88bil from RM2.6bil.
The group declared a dividend of three sen per share for the quarter, compared with 1.8 sen a year earlier, bringing its FY26 dividend to 4.7 sen per share from 3.1 sen in FY25.
Looking ahead, Dialog said it remained focused on its long-term strategies across its upstream, midstream and downstream businesses despite economic uncertainty, oil price volatility, currency movements and the ongoing geopolitical conflict in the Middle East.
“We are confident that our business model is well structured to navigate against headwinds arising from economic uncertainty, oil price volatility and currency movements, and the ongoing geopolitical conflict in the Middle East,” it said in the notes accompanying its financial results.
In its upstream business, the development of the Salbiah gas field under the Baram Junior Cluster Small Field Asset Production Sharing Contract is progressing on schedule, with first hydrocarbons expected in the second quarter of FY27.
Pre-development studies for the RAJA and Mutiara Cluster projects are also underway.
Dialog said the recently awarded Cendramas production sharing contract, which involves an existing producing field, is scheduled to commence in September 2026 for a 20-year term.
For its midstream business, the group said it currently operates 5.1 million cubic metres of terminal capacity.
Its expansion plans include the second phase of Dialog Terminals Langsat (3), comprising 150,000 cubic metres of low-carbon fuel storage capacity and targeted for completion by September 2026.
At Pengerang Deepwater Terminals, the group is undertaking a 272,000 cubic metre storage capacity expansion for Pengerang Biorefinery Sdn Bhd as part of an approximately US$330mil investment, with completion expected in the first half of 2028.
Dialog is also adding 614,000 cubic metres of storage capacity under Phase 3 of the Pengerang Deepwater Terminals following the fulfilment of conditions for a long-term service agreement with BP Singapore Pte Ltd. Completion is targeted for mid-2028.
Meanwhile, an investment in a liquefied natural gas-driven air separation unit in partnership with Petronas Gas Bhd is targeted for completion in late 2026.
Dialog said its downstream activities are expected to increase to support its midstream expansion projects and upstream field developments.
“Dialog remains focused on diversifying across the energy sector to withstand economic and oil price cycles, consistent with the group's strategy of generating long-term recurring income,” it added.
Barring unforeseen circumstances, Dialog said it is optimistic about its performance for the financial year ending June 30, 2027.
