Turnium Technology Group reports Q3 results

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.