Malaysia · Delayed Price · Currency is MYR PETRONAS Gas Berhad Earnings Call Transcripts
Fiscal Year 2025
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Revenue and gross profit declined year-over-year due to lower utilities and gas transportation performance, with one-off costs from the Putra Heights fire incident. Strategic growth projects and a strong dividend payout continue, while risks from regulatory changes and market volatility are closely managed.
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Q1 2025 saw a 1.5% revenue decline due to lower tariffs, but profit rose 4.2% on higher JV contributions. The Putra Heights incident led to MYR 170 million in costs, with over MYR 100 million capitalized and insurance recovery pending. Dividend of MYR 0.16 per share approved.
Fiscal Year 2024
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Revenue grew 1.4% to MYR 6.5 billion in 2024, with profit for the year up 1.2% due to lower tax from a one-off ITA. Segment results were mixed, and significant CapEx was directed toward growth and rejuvenation projects. Dividend per share was maintained at MYR 0.22.
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Q3 2024 saw revenue rise 1.2% year-over-year to RM 4.923 billion, with profit up 4.8% and EBITDA up 5.1%. Strong operational reliability, project progress, and dividend payout were maintained, while higher costs and forex volatility remain key risks. Growth projects and rising gas demand offer significant future opportunities.