MISC Group Financial Results for the Second Quarter of 2026
Datuk Zahid Osman, MISC President and Group CEO said, “MISC Group’s second-quarter results reflect exceptional performance by the Group, supported by particularly favourable tanker market conditions and strong operational delivery. The earnings uplift was driven primarily by our Petroleum business, which benefited from elevated crude tanker rates during the quarter. In our other business…
MISC Group reported strong financial results for the second quarter of 2026, driven by favorable tanker market conditions and operational excellence. The group's revenue increased by 76.1% to RM4,793.4 million, with the Petroleum business contributing significantly due to elevated crude tanker rates. Other segments, such as Offshore and Heavy Engineering, also saw higher revenue due to good project progress.
The group's operating profit rose by 56.1% to RM1,179.1 million, and profit attributable to equity holders increased by 148.6% to RM1,154.3 million. Cash flows from operating activities grew by 52.5% to RM3,621.8 million. Despite a challenging market influenced by supply-demand dynamics and geopolitical factors, MISC Group remains focused on operational excellence and strategic growth initiatives, including long-term contracts, fleet rejuvenation, and pursuing new opportunities in the evolving energy and maritime landscape.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Turnium Technology Group reports Q3 results seekingalpha.com
