Vantris Energy Berhad announced its financial results for the second quarter ended 31 July 2025
Against the previous quarter, the group recorded a loss of RM230 million narrowing from the RM478 million loss in Q1 FY2026.
For the first six months, the group saw a loss of RM708 million. Revenue for the quarter was RM1.06 billion, up from RM801 million recorded in Q1 FY2026,
The results were significantly impacted by foreign exchange losses of RM239 million, primarily unrealised, stemming from the weaker US dollar against the ringgit
The earnings were primarily driven by a stronger contribution from the Drilling segment,
with several rigs commencing new contracts. The Operations & Maintenance segment maintained steady performance, whilst the Engineering & Construction division is on a gradual path to recovery.
The Group’s profit contribution from joint ventures and associates also improved, led by Brazil joint venture Seagems Solutions Ltda, due to the higher utilisation and improved charter rates of its vessels.
Commenting on the results, Vantris Group Chief Executive Officer Muhammad Zamri Jusoh
said, “This quarter reflects tangible progress in our efforts to stabilise the business. The return
to positive EBITDA is encouraging, and we are cautiously optimistic about our turnaround. To
move forward, we must close operational gaps with discipline, improve project execution, and
enhance our risk management practices
