KUALA LUMPUR (Aug 25): Petronas Dagangan Bhd's (KL:PETDAG) net profit for the second quarter ended June 30, 2025 (2QFY2025) fell 3.9% to RM265.53 million from RM276.39 million a year earlier, as a weaker retail segment more than offset the growth at its commercial and convenience divisions.
Quarterly revenue declined 7.9% to RM9.07 billion from RM9.84 billion a year earlier, as retail sales volume eased due to the normalisation of travel patterns, with Malaysia recording more festive days in the first quarter and consumers exhibiting more cautious spending.
The group declared a higher dividend of 22 sen per share, up from 20 sen per share a year earlier, bringing its year-to-date dividend to 42 sen per share compared with 38 sen last year, according to a bourse filing on Monday.
Commenting on the performance, PetDag said all its segments recorded lower operating expenditures. The retail segment saw reduced gross profit, impacted by less favourable Mean of Platts Singapore (MOPS) price trends, softer market conditions, and weaker demand for diesel and Mogas.
In contrast, the commercial segment posted higher gross profit, mainly driven by improved demand for Jet A1 fuel. Meanwhile, the convenience division achieved higher profit despite lower merchandise sales, supported by improved cost management.
For the first half of FY2025, the group’s net profit increased 11.3% to RM559.03 million from RM502.43 million, despite revenue falling 5.6% to RM18.16 billion from RM19.23 billion.
On prospects, the group said it will continue to monitor market dynamics, implement proactive strategies, and maintain cost vigilance to cushion the impact of market volatilities.
By the midday break, PetDag shares were up 12 sen or 0.5% at RM22.92, giving the group a market capitalisation of RM22.77 billion. Year to date, the stock has gained 18.6%.