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 year-over-year due to lower gas transportation and regasification tariffs, but profit rose 4.2% on higher JV contributions. The Putra Heights incident led to a MYR 170 million cost, with over MYR 100 million to be capitalized and insurance recovery expected.
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.