KUALA LUMPUR (Aug 20): Dialog Group Bhd’s (KL:DIALOG) fourth-quarter net profit rose 13.6% year-on-year (y-o-y) to RM167.47 million from RM147.38 million, as stronger contributions from its businesses, particularly in Malaysia, lifted earnings.

Revenue for the fourth quarter ended June 30, 2026 (4QFY2026) increased 27.3% to RM774.56 million from RM608.34 million a year earlier. Earnings per share rose to 2.97 sen from 2.61 sen, according to the oil and gas services firm’s bourse filing on Thursday.

For the full financial year (FY2026), Dialog’s net profit surged 95.4% to RM593.55 million from RM303.83 million, while revenue grew 15.3% to RM2.88 billion from RM2.5 billion.

Full-year earnings per share rose to 10.52 sen from 5.38 sen.

Dialog proposed a final dividend of three sen per share, bringing its total dividend for FY2026 to 4.7 sen per share or about RM265.93 million.

The stronger quarterly and full-year performances were driven by positive contributions across the group’s businesses, particularly its operations in Malaysia.

Domestically, its downstream business recorded higher contributions from various engineering, procurement, construction and commissioning projects, while its midstream business delivered stable revenue and earnings on healthy tank storage occupancy.

Further, its upstream business benefitted from higher realised oil prices, although contributions were lower due to reduced production.

International operations also recorded higher profit contributions for both the quarter and full-year period, driven by increased sales of specialist products and services across several countries.

Looking ahead to FY2027, Dialog said its upstream business will continue expanding its footprint through field development and rejuvenation, while its midstream business is pursuing several storage capacity expansion projects.

These include a 150,000 cubic metre second-phase expansion at Dialog Terminals Langsat (3), targeted for completion by September 2026, as well as 272,000 cubic metres of additional storage capacity at Pengerang Terminals (Two) and 614,000 cubic metres under Phase 3 of Pengerang Deepwater Terminals.

Its downstream activities are also expected to increase to support the group’s midstream expansion projects and upstream field developments.

“Barring any unforeseen circumstances, the group is optimistic of its positive performance in FY2027,” Dialog said.

Shares of Dialog ended unchanged at RM1.96 on Thursday, valuing the group at RM11.07 billion.