PETRONAS Gas Berhad (6033) Q3 2025 earnings summary

Executive summary

• Revenue for the cumulative nine months ended 30 September 2025 was RM4,803.1 million, down 2.4% year-over-year, mainly due to lower Utilities product prices and a downward tariff adjustment in Gas Transportation.

• Profit before tax declined 3.8% to RM1,815.3 million, with profit for the period at RM1,439.3 million, down 4.3% year-over-year, impacted by tighter Utilities margins and restoration costs from the Putra Heights fire incident.

• A one-off customer settlement related to an electricity supply agreement dispute partially cushioned the profit decline.

• The Board approved a third interim dividend of 18 sen per share (RM356.2 million) for FY2025.

Financial highlights

• Gross profit for the nine months was RM1,686.1 million, down 6.1% year-over-year.

• EBITDA decreased 1.7% to RM2,563.7 million.

• Earnings per share (EPS) for the period was 68.89 sen, a 4.0% decrease year-over-year.

• Net cash generated from operating activities rose 13.9% to RM2,433.2 million, while net cash used in investing activities increased significantly due to higher capex and joint venture investments.

Outlook and guidance

• Maintenance activities are expected to intensify in the next quarter as part of reliability and safety assurance programs.

• Rebates and adjustments from the new electricity tariff structure will continue to pressure Utilities segment revenue.

• The group remains focused on prudent cost management, operational excellence, and long-term sustainability.