KUCHING: B.I.G. Industries Bhd (BIG) expects its industrial gas business to remain resilient amid continued demand from the oil and gas sector and ongoing supply contracts with major customers.
The gas division was the main driver of the group’s stronger quarterly revenue in the third quarter ended March 31, 2026 (3Q2026).
Revenue from the segment jumped 91.98 per cent, or RM5.59 million, to RM11.69 million from RM6.08 million a year earlier.
BIG said the increase was mainly due to higher liquefied gas sales, which rose by about RM6.1 million following short-term supply contracts secured with major oil and gas clients.
Supported by the stronger gas business, group revenue rose to RM12.48 million from RM6.79 million previously, while pre-tax profit improved to RM469,000 from RM94,000.
Net profit, however, eased to RM299,000 from RM386,000, resulting in earnings per share declining to 0.47 sen from 0.61 sen.
The company said revenue from cylinder gas and other gases fell by RM477,000 and RM17,000 respectively during the quarter.
BIG’s property development business contributed RM805,000 to group revenue, compared with RM706,000 a year earlier.
Compared with the preceding quarter, earnings were lower. In 2Q2026, the group posted pre-tax profit of RM4 million on revenue of RM12.74 million.
BIG said earnings in the previous quarter were lifted by a one-off gain of RM1.14 million from the disposal of land and a building in Labuan.
For the cumulative ninemonth period ended March 31, 2026 (9M2026), group net profit increased to RM3.84 million from RM3.69 million previously, while revenue grew to RM31.93 million from RM29.23 million.
The gas division recorded sales of RM30.42 million compared with RM23.71 million previously, while revenue from the property division fell to RM1.51 million from RM5.52 million.
BIG said the group’s 9.23 per cent revenue growth in 9M2026 was mainly driven by the gas division, which achieved revenue growth of 28.27 per cent and higher pre-tax profit of RM4.84 million.
This was partially offset by a 72.59 per cent decline in property division sales and lower pre-tax profit of RM192,000.
Looking ahead, BIG said it remains cautiously optimistic on its 4Q2026 performance, supported mainly by continued contribution from the gas division.
“Nevertheless, the operating environment remains competitive and challenging amid fluctuations in energy prices, overall economic uncertainties, which may continue to impact operating margins,” it warned.
The company said the gas division would continue strengthening its customer base, improving operational efficiency and enhancing product delivery to sustain competitiveness.
BIG also said it is awaiting approval from relevant authorities for its proposed Kidurong 12 Industrial Project @ Bintulu involving factory units.
