KUALA LUMPUR (Feb 25): Bintulu Port Holdings Bhd (KL:BIPORT) logged a 35% drop in net profit for the fourth quarter from a year earlier, dragged by higher staff costs and maintenance and operational supplies expenses.
Net profit for the three months ended Dec 31, 2025 (4QFY2025) fell to RM26.56 million from RM40.88 million a year earlier, according to the port operator’s bourse filing on Wednesday, despite flat revenue of RM221.19 million versus RM219.96 million previously.
Earnings per share fell to 5.77 sen from 8.89 sen the year before.
Earnings were weighed by a 32.2% rise in staff costs to RM52.17 million, 23.4% climb in administrative expenses to RM18.5 million and 15.6% increase in maintenance and operational supplies to RM63.8 million.
It declared a fourth interim dividend of 5 sen per share, payable on April 17.
For the full year, net profit dropped 20.6% to RM121.89 million from RM153.48 million in the same period a year earlier, as revenue edged down 0.7% to RM822.15 million from RM828.3 million.
Briefly commenting on prospects for the ongoing fiscal year, Bintulu Port said it expects positive growth from handling cargo at Bintulu and Samalaju, and that handling cargo and vessel calls for LNG will remain its main revenue contributor.
Shares in Bintulu Port were untraded on Wednesday. It was last traded on Monday, when it closed at RM5.40, valuing the group at RM2.48 billion.