Malakoff Corporation Berhad announced its financial results for the second quarter ended 30 June 2026 recording revenue of RM1,910.2 million for the quarter, a decrease of 5.4%, compared to RM2,019.8 million in the corresponding quarter ended 30 June 2025.
Revenue for the quarter was supported by energy payment contributions from Segari Energy Ventures Sdn. Bhd., owner of the gas-fired power plant in Lumut, Perak, and Prai Power Sdn. Bhd, owner of the gas-fired power plant in Prai, Penang, which resumed operations in early April 2026 following the successful extension of its power purchase agreement until the end of March 2030.
Profit after Tax and Minority Interests amounted to RM31.7 million for the quarter under review, compared with RM62.8 million in the same period last year. While contributions from Tanjung Bin Power Sdn. Bhd. were lower, the Group benefited from insurance
claim receivables and improved earnings from associates, which helped cushion the impact.
Comparing this quarter’s PATMI to the first quarter ended 31 March 2026, there was an increase of 58% from RM20.1 million, primarily attributed to improved fuel margin at TBPP and Tanjung Bin Energy Power Plant, which returned to full operations in late January 2026.
