KUCHING: B.I.G. Industries Bhd (BIG) expects its industrial gas business to do well with the gradual improvement of the activities of the oil & gas players.
The group’s key customers are from the oil & gas and petrochemical industries, fabrication & shipbuilding, electronic as well as food & beverage sectors. In first quarter to September 30, 2025 (1Q2025), BIG’s gas segment did poorly as its revenue fell by 33 per cent to RM6.71 million from RM10mil in 1Q2024.
“The lower revenue of the liquefied gas by RM2.62 million was due to the lower demand from the major oil & gas players,” the company said in explanatory notes to its financial results. In the current quarter, BIG group posted revenue of RM6.71 million (all generated by the gas segment), down more than half from RM13.76 million in 1Q2024,as the property segment did not bring in any sales (1Q2024:RM3.75 million). As a result, the group net profit slipped to RM432,000 from RM2.83 million during the same period.
The company’s earnings per share were down to 0.68sen from 4.46sen.
In the immediate preceding quarter (4Q2024), BIG had performed better with group net profit of RM1.32 million on revenue of RM9.2 million.
Commenting on prospects, BIG said the outlook for the global economy remains subdued amid on-going geopolitical tension, adding that this sentiment will increase volatility and uncertainty across global markets.
As such, it said the group’s performance may be affected by the fluctuation of raw material prices.
“The activities of oil and gas players have gradually improved.
The group expects the gas division to perform satisfactorily for the coming quarter,” it added. On the group’s property development, BIG said its next project — Kidurong 12 Industrial Project @ Bintulu — is pending approval from the relevant authorities.
“The group will continue to focus on optimising costs and operational efficiency to strengthen its competitiveness and profitability,” it said.
