KUALA LUMPUR (Sept 29): Vantris Energy Bhd (KL:VANTNRG) remained in the black for a fourth consecutive quarter, helped by lower foreign exchange losses and finance costs following the completion of its restructuring exercise, as well as the absence of a favourable insurance claim recorded a year earlier.

These gains were partly offset by lower contributions from its engineering and construction, and drilling segments.

Net profit for the second quarter ended July 31, 2026 (2QFY2027) stood at RM75.3 million, compared with a net loss of RM230.8 million a year earlier, said Vantris, formerly known as Sapura Energy Bhd, in a bourse filing on Tuesday.

Quarterly revenue fell 23% to RM818.5 million from RM1.06 billion a year earlier.

No dividend was declared for the quarter under review.

On a quarter-on-quarter basis, revenue rose nearly 27% from RM645.2 million, while net profit fell 48% from RM145.8 million.

The sequential decline in net profit was due mainly to the absence of insurance claim proceeds recognised in the previous quarter and realised foreign exchange losses during the quarter. This was partly mitigated by improved performance of the E&C and operations and maintenance (O&M) segments.

As at end-July, Vantris Energy had about RM2 billion in cash, deposits and bank balances, while its order book stood at RM7 billion.

The group’s share of the order book held through its joint ventures and associates stood at RM2.7 billion.

“Our priority now is to convert our order book into consistent and profitable delivery. We remain focused on strengthening repeatable operating earnings through disciplined project execution, tight cost control and improved asset utilisation,” group chief executive officer Muhammad Zamri Jusoh said in a statement.

The group added that it is closely monitoring geopolitical developments, particularly the ongoing conflict in West Asia, although its direct exposure to the region remains limited. Management continues to assess the potential impact on its operations and supply chain, as well as broader market conditions.

For the six-month period ended July 31, 2026 (6MFY2027), net profit stood at RM221.1 million, compared to a net loss of RM708.7 million a year earlier, while revenue fell 21.5% to RM1.46 billion from RM1.87 billion.

Shares of Vantris Energy rose two sen, or nearly 6%, to 36 sen at the midday break of Tuesday, giving the company a market capitalisation of RM834.1 million.