Bintulu Port Holdings Berhad announced its financial results for the Third Quarter of 2025 (Q3FY2025), reporting a 14.88% or RM4.17 million increase in net profit compared to the corresponding quarter last year, driven by higher revenue and lower operating expenses.
The Group recorded a slight increase of 0.82% in operating revenue, registering RM204.43 million against RM202.77 million recorded in the corresponding quarter last year. The increased in revenue is contributed from the handling of cargoes and vessel calls for LNG, Petchem methanol and manganese whilst there was a shortfall recorded for revenue from
supply base activities.
The Group’s expenditure for the quarter under review of RM175.12 million showed a slight reduction compared to RM178.61 million incurred in the corresponding year quarter. This reduction was mainly due to lower expenses incurred on the supply base activities. Reflecting on the Group’s improved operational performance, Earnings Per Share (EPS) rose to 7.00 sen as against 6.10 sen reported in the corresponding year quarter.
For the first nine months of FY2025, the Group recorded a 15% decline in net profit, reporting RM95.33 million compared to RM112.60 million in the same period last year. The softer performance was mainly attributed to lower revenue from LNG cargo handling due to major LNG plant shutdown in 1HFY2025 and reduced supply base activities from reduction in offshore project as well as higher operating expenditure.
Bintulu Port Holdings declared a single-tier dividend of four sen per share payable on 22 December 2025, making the total dividend declared to date of 10 sen per share for the financial year 2025. - Business Today