KUALA LUMPUR: Bintulu Port Holdings Bhd
remains positive on its business outlook and expects cargo throughput to grow in 2026, supported by liquefied natural gas (LNG), vessel calls and other bulk cargoes.
“The handling of LNG cargoes and vessel calls will remain the group's key revenue contributor, supported by the handling of other liquid bulk cargoes at Bintulu Port and cargoes at Samalaju Port,” Bintulu Port said in a statement.
For the second quarter ended June 30, 2026 (2Q26), Bintulu Port’s net profit fell 14.6% to RM29.7mil, or earnings per share of 6.45 sen from RM34.7mil, or 7.55 sen a year earlier, as higher operating expenses offset an increase in revenue.
Revenue for the quarter rose 10.6% to RM215.6mil from RM194.8mil, driven mainly by stronger port services activities at Bintulu Port Sdn Bhd.
Revenue from Bintulu Port Sdn Bhd increased 18.9% to RM162.66mil, supported by higher LNG cargo handling and vessel calls.
Biport Bulkers Sdn Bhd recorded a 9.1% increase in revenue to RM11.2mil on higher throughput from spot-term activities.
Meanwhile, revenue from Samalaju Industrial Port Sdn Bhd fell 12.7% to RM41.69mil, mainly due to lower project cargo volumes handled during the quarter.
The group said operating expenditure rose 12.1% to RM187.05mil due to higher repair and maintenance expenses as well as increased fuel costs.
For the first six months of 2026, Bintulu Port’s net profit slipped 4.7% to RM60.2mil from RM63.1mil in the corresponding period last year, while revenue rose 9.5% to RM434.03mil from RM396.5mil.
The group declared a second single-tier interim dividend of three sen per share, payable on Oct 8, bringing total dividends declared for FY26 to six sen per share.
