KUALA LUMPUR: Petronas Gas Bhd’s (PGB) net profit fell to RM450.19 million in second quarter ended June 30, 2025 (2Q 2025) from RM468.99 million a year ago.
In a filing to Bursa Malaysia today, it said gross profit declined by 4.6 per cent to RM569.24 million in 2Q 2025 due to tighter margins recorded at gas transportation segment in line with lower revenue, coupled with cost incurred for the gas supply restoration works following the Putra Heights fire incident in April 2025.
“This was cushioned by lower fuel gas cost in utilities segment in tandem with lower fuel gas price,” PGB said.
The filing said PGB’s revenue for the quarter also eased to RM1.59 billion from RM1.65 billion a year earlier due to lower revenue from its utilities segment in line with lower product prices and gas transportation segment after the downward tariff adjustment.
For the first half of the financial year ending Dec 31, 2025 (FY2025), PGB’s net profit declined to RM918.98 million from RM925.64 million a year earlier on the back of RM3.18 billion in revenue against RM3.27 billion previously.
PGB expects its 2025 outlook to remain healthy, reflecting continued resilience and operational strength.
Nonetheless, the recent restructuring of electricity tariffs under Regulatory Period 4 (RP4), along with the expanded scope of the Sales and Service Tax effective July 1, 2025, are expected to exert upward pressure on operating costs, hence impacting profitability, it added.
“Despite these developments, PGB remains focused on disciplined cost management and long-term strategic growth to safeguard business continuity and sustainability,” the group said.
The board approved a second interim dividend of 16 sen per ordinary share for FY2025. The ex-dividend date is Sept 11 and payment date is Sept 22. – BERNAMA
