Gas Malaysia Second Quarter Net Profit Falls To RM72.52 Mln

KUALA LUMPUR, Aug 19 (Bernama) – Gas Malaysia Bhd’s net profit for the second quarter ended June 30, 2026 (2Q 2026) fell to RM72.52 million from RM99.12 million in the corresponding quarter last year.

Its revenue for the quarter declined to RM1.58 billion from RM1.80 billion previously, representing a decrease of 12.1 per cent. This was mainly due to a lower average natural gas selling price, but mitigated by a higher volume of natural gas sold.

The company’s net profit for the six months slid to RM165.36 million from RM199.25 million, while revenue declined to RM3.17 billion from RM3.64 billion.

Gas Malaysia said that as it progresses through the remainder of the financial year, it will continue to focus on enhancing operational efficiency, maintaining cost discipline and strengthening its competitive position.

“In line with its long-term strategic direction under the GM32 Transformation Programme, the group will continue to evaluate and selectively pursue opportunities in new business segments to support sustainable medium- to long-term growth.

“While these initiatives may entail additional near-term investments and expenditure, the group remains committed to prudent financial management and operational resilience,” it said in a stock exchange filing.

Against this backdrop, the company expects to deliver a satisfactory financial performance for the financial year ending Dec 31, 2026, while remaining mindful of prevailing economic and market uncertainties.

The company declared a first interim dividend of five sen per share, amounting to RM64.20 million, for the financial year ending Dec 31, 2026, payable on Nov 6, 2026.

-- BERNAMA