KUALA LUMPUR: Dialog Group Bhd
is optimistic about its performance for the financial year ending June 30, 2025 (FY25).
“As the economic environment is expected to remain challenging in the short to medium term, we will continue to build and strengthen our competencies by investing in and upskilling our workforce, and digital transformation to ensure we remain efficient and competitive,” it said in the notes accompanying its financial results.
In the third quarter ended March 31, Dialog’s net profit fell 13.6% to RM135mil, or earnings per share of 2.39 sen, compared with RM156.2mil, or 2.77 sen in the year-ago quarter.
Its revenue fell 17.6% to RM578.8mil from RM702.2mil achieved a year ago.
For the nine months ended March 31, Dialog posted a sharply lower net profit of RM156.4mil, down from RM436.6mil, while revenue fell 19% to RM1.9bil from RM2.3bil.
It has declared an interim dividend of 1.30 sen per share for FY25, payable on June 26 to shareholders registered in the record of depositors as at June 12.
Dialog said it remained focused and steadfast in executing its long-term strategies across the energy sector’s upstream, midstream and downstream segments.
Backed by a dedicated management team, Dialog said the group is confident that its integrated business model is well-positioned to navigate economic uncertainties, oil price volatility and currency fluctuations.
Dialog said it would continue expanding its upstream business by developing and rejuvenating oil and gas fields. The company added that development of the Baram Junior Cluster, a 70:30 joint venture with Petros, started in January 2025 following the final investment decision.
Meanwhile, pre-development studies for the RAJA Cluster Small Fields Asset Production Sharing Contract, awarded to DIALOG in December 2024, are currently underway.
Dialog, the second-largest independent terminal owner and operator in Southeast Asia with 5.1 million m³ of operating capacity, said its Midstream business will remain a key focus.
“Our focus will be on our ongoing development of Pengerang Deepwater Terminals (PDT) into one of the largest petroleum and petrochemical hubs for the Asia Pacific region.
“Within PDT, Dialog and Petronas Gas Bhd joint venture has commenced work on the liquefied natural gas-driven air separation unit facility,” it said.
Dialog is also expanding into renewable fuel storage at Dialog Terminals Langsat 3. The first phase, comprising 24,000 m³ of storage, began operations in February 2025. The second phase, adding 150,000 m³ of capacity, is expected to be completed by September 2026, reinforcing the group’s focus on sustainable, recurring income.
In its downstream business, Dialog will maintain focus on its core EPCC and maintenance services, adopting a cautious and selective approach to new projects that align with its risk management framework and strategic goals amid market uncertainties.
