KUALA LUMPUR (Feb 25): Petron Malaysia Refining & Marketing Bhd (KL:PETRONM) returned to the black in its latest fourth quarter, fuelled by process optimisation at its Port Dickson refinery and a hedging strategy that offset volatile global oil prices.
Net profit for the quarter ended Dec 31, 2025 (4QFY2025) came in at RM43.78 million, a sharp reversal from the RM69.55 million net loss it recorded in 4QFY2024, its Wednesday bourse filing showed. This was despite revenue edging down 1.2% to RM3.08 billion from RM3.12 billion, as a moderate rise in sales volume was offset by lower average oil prices.
For the full FY2025, the refiner's net profit surged to RM245.66 million, over 13 times the RM18.04 million it logged in FY2024, even as cumulative revenue fell 15.2% to RM13.42 billion from RM15.84 billion amid lower oil prices.
“The remarkable improvement was mainly driven by process optimisation and higher utilisation of the refinery, lower supply costs and prudent hedging strategy, all of which mitigated the impact of volatile oil prices,” it said.
The group recommended a final dividend of 20 sen per share — double last year's payout — subject to shareholders’ approval.
While Brent crude prices have trended upwards in the first two months of 2026, Petron warned that "heightened risks and uncertainties" remain due to ongoing Western sanctions on major oil-producing countries. Nevertheless, it remains confident in overcoming the impact of evolving international and local market conditions.
On its Port Dickson Refinery Jetty incident, which it expects to impact capital expenditure in 2026, Petron said seabed debris clearing is ongoing, and that it is still seeking bids from engineering firms to build a new jetty.
Shares in Petron closed five sen or 1.22% higher at RM4.16 on Wednesday, valuing the group at RM1.12 billion.