PETRONAS Gas Berhad released its second quarter and first half of financial year 2026 results today (August 26). The Group recorded a Profit After Tax of RM942.0 million for 1HFY2026, representing a marginal decrease of 3.0% or RM29.6 million compared to the corresponding period last year, despite a period marked by operational and market challenges.
PGB has declared a second interim dividend of 16 sen per share, reflecting its commitment to delivering sustainable shareholder returns.
The Group recorded revenue of RM3,086.0 million, 3.1% or RM98.8 million lower than the corresponding period last year. The decline was primarily attributable to lower Utilities segment revenue following reduced sales volumes during planned regulatory turnaround activities and lower product prices. Nevertheless, this was partially cushioned by higher revenue from the Gas Transportation segment following tariff revisions and increased contributions from Regasification segment, driven by liquefied natural gas (LNG) storage services at Pengerang, Johor.
Gross profit declined by 2.8% or RM31.6 million, mainly attributable to lower Utilities segment margins resulting from planned turnaround activities, coupled with higher depreciation following the completion of capital projects across all business segments. The impact was partially mitigated by lower fuel gas costs in line with reduced sales volumes and lower fuel gas prices.
For the second quarter 2026, the group saw a revenue of RM1.5 billion down about RM90 million, profit after tax was at RM475 million down slightly from RM479 million recorded in 2QFY26.
