KUALA LUMPUR: Dayang Enterprise Holdings Bhd’s net profit for the third quarter (3Q) ended September 30, 2025, slipped to RM80.29 million from RM134.94 million in the same period last year.
In a filing with Bursa Malaysia today, it said revenue decreased to RM305.77 million from RM448.51 million previously, due to a significant reduction in third-party vessels chartering income, stemming from a decreased availability of third-party vessels, many of which relocated to other regions seeking more favourable daily charter rates.
“Additionally, revenue was impacted by lower vessel utilisation rates of 80 per cent compared to 85 per cent in the corresponding quarter, as well as fewer work orders/contracts awarded by oil majors under topside maintenance services,” it said.
For the first nine-month period, Dayang reported a lower net profit of RM169.24 million from RM294.28 million in the same period last year, while revenue fell to RM726.94 million from RM1.15 billion previously.
On prospects, Dayang said that entering the monsoon season, the company anticipates lower activities as safety plays a very important part in its operations.
“During the fourth quarter, we expect minimal offshore activities for maintenance, construction and modification activities, which are likely to resume in early 2026. During this period, we are working closely with our clients to plan for future activities to be undertaken next year,” it said.
Dayang’s outstanding estimated call-out contracts stood at about RM4.9 billion as of September 30, 2025.
“Going forward, we expect to participate actively in upcoming tenders and will remain prudent in managing our business affairs while continuing to deliver strong performance,” it added. – BERNAMA
