PetDagang's Q2 earnings soar 46pct to RM387mil
KUALA LUMPUR: Petronas Dagangan Bhd’s (PetDagang) net profit jumped 46 per cent to RM387 million in the second quarter of financial year 2026 (Q2 FY26) from RM265.5 million a year earlier.
PETRONAS DAGANG BHD reported a significant surge in earnings for the second quarter of FY26, with net profit jumping 46% to RM387 million, up from RM265.5 million a year earlier. The company's revenue increased by 77% to RM16 billion from RM9 billion previously, driven by a 70% rise in the commercial segment's revenue to RM2.92 billion.
This growth was attributed to higher average selling prices, which offset a 6% decline in sales volume. The commercial segment also saw an 80% increase in average selling prices. PetDagang declared a dividend of 25 sen per share, payable on September 23. For the first half of FY26, the company's net profit rose 20% to RM670 million from RM559 million a year earlier, while revenue increased 50% to RM27 billion from RM18 billion previously.
The operator of Petronas' retail fuel business noted that geopolitical developments in the Middle East are expected to continue influencing global energy markets and oil prices in the second half of 2026. Despite these external challenges, PetDagang anticipates Malaysia's domestic demand to remain robust, supported by sustained household spending, steady tourism activity, and manageable inflation, further bolstered by domestic policy measures such as targeted fuel subsidies.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
