KOTA KINABALU: State-owned SMJ Energy Sdn Bhd has declared and paid a RM50mil dividend to the Sabah government for the financial year ending Dec 31.
The latest contribution brings the total dividends paid to the state to RM160mil since 2023, more than tripling Sabah’s initial RM50mil seed investment into the company in just three years.
Its chief executive officer Datuk Dr Dionysia Kibat said the company’s performance was driven by strong operations and prudent financial management.
With the company's audited profit after tax of RM307mil and group assets reaching RM4.9bil last year, she said, SMJ Energy continues to strengthen its strategic portfolio across the upstream, liquefied natural gas (LNG) and petrochemical sectors.
"We’re proud to close 2025 on solid ground. This dividend reflects our strong cash flow position and our commitment to ensure Sabah benefits meaningfully from its own resources," she said here on Thursday (Dec 18).
Rated AAA by RAM Ratings, SMJ Energy consistently delivers strong financial returns while expanding its strategic footprint across the energy value chain, she added.
An AAA rating is when an entity has superior capacity to meet its financial obligations.
