KUALA LUMPUR (Nov 21): Bintulu Port Holdings Bhd (KL:BIPORT), the operator of Sarawak’s largest port, posted a more than 15% rise in net profit for the third quarter, on higher revenue and lower operating expenses.

Net profit for the three months ended Sept 30, 2025 (3QFY2025) rose to RM32.2 million from RM28 million a year earlier, the group said in a bourse filing. Earnings per share increased to seven sen from 6.1 sen.

The group owns Bintulu Port — Malaysia’s only liquefied natural gas (LNG) export terminal — and also operates Samalaju Industrial Port, which serves the Samalaju Industrial Park.

Quarterly revenue inched up 0.8% to RM204.4 million from RM202.8 million, mainly due to an increase in the handling of cargo and LNG vessel calls following the major maintenance shutdown in the previous quarter, as well as higher supply base activity.

The group declared a third interim dividend of four sen per share, payable on Dec 22. This brings total dividends for FY2025 to 10 sen per share.

Bintulu Port noted that the planned LNG plant shutdown in 2Q2025 and partly in 3Q2025 has “slightly impacted” LNG export volumes for the year.

However, it said LNG vessel and cargo handling would remain its main revenue contributor for the rest of the year, with additional support expected from Samalaju cargoes and methanol vessel calls.

For the cumulative nine months ended Sept 30, 2025 (9MFY2025), the group’s net profit fell 15% year-on-year to RM95.3 million from RM112.6 million, as revenue dipped 1.2% to RM601 million from RM608.3 million.

Shares in Bintulu Port ended two sen or 0.4% lower at RM5.28 on Friday, giving it a market capitalisation of RM2.43 billion. Year to date, the stock has fallen 12%.