KUALA LUMPUR: Petronas Dagangan Bhd
registered a 50% jump in revenue in the first half of 2026 as average selling prices soared and sales volumes ticked higher.
For the cumulative six-month period, PETRONAS Dagangan's net profit rose to RM670.21mil from MR559.03mil in the year-ago period. Revenue climbed to RM27.24bil from RM18.16bil in the same 2025 period.
"The commercial segment’s results were in line with oil price trend, while the retail segment registered lower profit mainly due to higher product costs, partially offset by increased sales volume," it said in a stock exchange filing.
Commenting on its latest results, the group said its operations remained influenced by crude oil price volatility in the second quarter of 2026 (2QFY26).
In 2QFY26, the group's net profit rose to RM387.21mil from RM265.53mil in the previous corresponding quarter. Quarterly revenue rose to RM16.09bil from RM9.07bil in the same comparative quarter.
This was mainly driven by improved margins from the commercial and retail segments, partially offset by higher expenditure. Total sales volume increased by 4%, following higher demand mainly for Mogas.
The board of directors decalred an interim dividend of 25 sen per share, with entitlement date on Sept 9, 2026, and payment on Sept 23, 2026.
Moving foward, the group expects geopolitical developments in West Asia to continue to influence global energy markets and the oil price outlook in the second half of 2026.
It said the global operating environment is therefore expected to remain dynamic, shaped by geopolitical developments, commodity price movements and evolving policy measures.
"Despite these external headwinds, Malaysia’s domestic demand fundamentals are expected to remain supportive, underpinned by continued household spending, steady tourism activity and manageable inflation.
"This is further strengthened by domestic policy measures, including targeted fuel subsidies, which are expected to sustain mobility, fuel demand and retail activity," it added.
