KUALA LUMPUR (May 13): Dialog Group Bhd (KL:DIALOG), optimistic of weathering any near-term challenges, raised its dividend as net profit rose nearly 10% in the recently-ended quarter.

Net profit for the three months ended March 31, 2026 (3QFY2026) was RM148.33 million, up about RM13 million from the same quarter a year earlier. Revenue grew 20% year-on-year to RM696.85 million from new engineering projects, healthy tank storage occupancy and higher oil prices.

“We remain confident that our business model is well structured to manage and sustain the group against headwinds from economic uncertainty, oil price volatility and currency movements, particularly in light of the ongoing geopolitical conflict in the Middle East,” Dialog said.

An interim dividend of 1.7 sen per share for the quarter was also announced and payable on June 25, up from 1.3 sen per share declared a year earlier. For the whole of FY2025, the company paid out dividends totalling 3.1 sen per share.

As one of the largest independent terminal owner-operators in Southeast Asia with an operating capacity of over five million cubic metres, Dialog said it will continue to invest in expansions across the midstream terminals business portfolio.

The focus will be on ongoing development of the remaining available land within Pengerang Deepwater Terminals (PDT) into one of the largest petroleum and petrochemical hubs for the Asia-Pacific, Dialog said.

“Phase 3 PDT will unlock further opportunities for Dialog’s engineering, construction, fabrication and plant maintenance divisions,” the company said.

Dialog, which also has an upstream business, noted that the development of the Salbiah gas field is progressing according to schedule. “The increased upstream activities provide added opportunities for the group to participate in other parts of the value chain,” it said. 

For the first nine months of FY2026, Dialog’s net profit more than doubled to RM426.08 million from RM156.44 million a year earlier. Revenue rose 11.5% year-on-year to RM2.11 billion from RM1.89 billion over the same nine-month a year earlier.

“The group remains optimistic of delivering a positive performance” for the financial year ending June 30, 2026, Dialog added. 

On Wednesday, shares of Dialog ended up two sen or 0.94% to RM2.14, giving the company a market capitalisation of over RM12 billion ahead of the results announcement.