KUALA LUMPUR, Nov 26 – PETRONAS Dagangan Bhd saw its net profit drop 16.1% in the third quarter despite steady sales volume, dragged by weaker fuel price trends.
Net profit for the three months ended Sept 30, 2025 (3QFY2025) fell to RM281.25 million from RM335.13 million a year earlier, as revenue slipped 2% to RM9.53 billion compared with RM9.73 billion, an exchange filing showed on Wednesday.
The group declared an interim dividend of 24 sen per share, to be paid on Dec 24.
The weaker bottomline — despite steady sales volume — was due to the less favourable mean of Platts price trend.
It was further weighed by weaker demand for diesel but offset by higher demand for Jet A1 fuel. Its convenience segment also saw lower merchandise sales.
For the nine months ended Sept 30, 2025 (9MFY2025), net profit edged up 0.3% to RM840.28 million from RM837.57 million in the same period a year earlier, while revenue slipped 4.4% to RM27.69 billion from RM28.96 billion.
Looking ahead, PETRONAS Dagangan noted that while the domestic economy is expected to remain resilient, the challenging external environment persists amid global market uncertainty coupled with expectations of softer oil prices.
“In response to these dynamics, the group is cautiously optimistic for the remainder of 2025 and will focus on effectively adapting to market volatility,” it noted.
At the noon break, shares in PETRONAS Dagangan stood 16 sen or 0.78% higher at RM20.78, valuing the group at RM20.64 billion.
