Petronas Gas announced its first quarter results with a revenue of RM1.5 billion, a slight decrease of 0.6% or RM9.4 million mainly attributable to lower revenue from Utilities segment from lower product prices. This impact was cushioned by higher revenue from Gas Transportation segment following upward tariff adjustment and increased contribution from Regasification segment arising from LNG storage services at Pengerang, Johor, which commenced in August 2025.
Gross profit declined by 3.1% or RM17.6 million following lower revenue coupled with higher operating expenses, mainly driven by increased depreciation across all segments as well as higher level of repair and maintenance activities in Gas Processing segment. These impacts were cushioned by favourable fuel gas costs in Utilities segment in tandem with lower fuel gas price.
PBT decreased by 5.6% or RM34.5 million in line with lower gross profit, coupled with lower profit generated from fund investments.
The Group recorded a profit of RM466 million, a decline of 5.3% or RM26.0 million primarily attributable to lower revenue and higher operating expenses, mainly driven by increased depreciation across all segments as well as higher level of repair and maintenance activities in the Gas Processing segment, coupled with lower profit generated from fund investments. Nonetheless, these impacts were cushioned by favourable fuel gas costs in tandem with lower fuel gas prices.
