Bintulu Port expects positive cargo throughput growth in 2026

Bintulu Port Holdings Bhd anticipates positive growth in cargo throughput for 2026, driven by liquefied natural gas (LNG), vessel calls and other bulk cargoes. The port's statement highlights that LNG and vessel calls will continue to be the primary revenue source, complemented by liquid bulk cargoes at Bintulu Port and Samalaju Port.

In the second quarter ending June 30, 2026, the port's net profit declined 14.6% to RM29.7mil, resulting in earnings per share of 6.45 sen, compared to RM34.7mil and 7.55 sen a year earlier. Despite a 14.6% decrease, revenue rose 10.6% to RM215.6mil due to enhanced port services activities at Bintulu Port Sdn Bhd. Biport Bulkers Sdn Bhd saw an 18.9% increase in revenue to RM11.2mil, primarily from higher LNG cargo handling and vessel calls.

Samalaju Industrial Port Sdn Bhd experienced a 12.7% drop in revenue to RM41.69mil, mainly attributed to reduced project cargo volumes. Operating expenses increased 12.1% to RM187.05mil, driven by higher repair and maintenance costs and increased fuel prices. For the first half of 2026, Bintulu Port's net profit decreased 4.7% to RM60.2mil, while revenue grew 9.5% to RM434.03mil.

The company announced a second single-tier dividend of three sen per share, payable on October 8, bringing total dividends for FY26 to six sen per share.