Malaysia’s nationwide oil and gasoline firm has reported MYR 45.4 billion ($11.6 billion) in revenue after tax for 2025, down from MYR 55.1 billion for 2024 on decrease gross sales volumes and costs.
Petroliam Nasional Bhd (Petronas) produced 2.42 million barrels of oil equal per day (MMboepd) final 12 months, down from 2.45 MMboepd in 2024. The lower was “primarily attributable to portfolio high-grading actions and partially offset by improved operations and better gasoline availability supporting stronger demand in some states”, Petronas stated in an internet assertion. Petronas additionally stated the divestment of its 74 p.c stake in Engen Group to commodities dealer Vitol, a transaction accomplished Could 2024, weighed down on manufacturing.
In 2025 Petronas began manufacturing in 26 initiatives, in addition to made remaining funding choices on 28 initiatives and achieved 12 discoveries. On November 3, 2025 Petronas and Italy’s state-backed Eni SpA introduced a deal to mix their belongings in Indonesia and Malaysia into an organization equally owned by the companions. They anticipate to finish the transaction this 12 months.
- Advertisement -
Within the liquefied pure gasoline (LNG) market, Petronas stated it had delivered 563 LNG cargos in 2025. LNG Canada, the place it holds a minority stake, began operation final 12 months. In Peninsular Malaysia, Petronas bought 2.17 billion cubic toes per day of gasoline final 12 months.
“Whole advertising gross sales quantity stood at 17.95 billion liters, with Petronas Dagangan Bhd attaining its record-high annual gross sales quantity of 17.1 billion liters, pushed by larger jet gas uplift and elevated Retail Mogas from the BUDI95 program ensuing from swift and seamless integration of Setel utility upon the roll-out of BUDI95”, Petronas stated.
“Petronas Lubricants Worldwide additionally delivered larger gross sales quantity, underpinned by elevated base oil buying and selling and stronger lubricant efficiency.
“Collectively, this helped to partially mitigate the general decline in petroleum product gross sales quantity following the divestment of the Engen Group in 2024.
“The chemical substances enterprise additionally recorded a better general gross sales quantity, nonetheless, offset by narrowing spreads and continued market oversupply”.
Income totaled MYR 266.1 billion, down from MYR 320.1 billion for 2024. Working revenue fell to MYR 74.6 billion for 2025 from MYR 87.4 billion for 2024. EBITDA fell to MYR 103 billion, down from MYR 114.1 billion for 2024. Internet money from working actions totaled MYR 85.2 billion, down from MYR 102.5 billion for 2024.
“Heightened market volatility, persistent geopolitical tensions and evolving regulatory landscapes formed the 2025 working atmosphere, exerting downward stress on Brent value to sub-$70/bbl stage, whereas provide chain challenges additional compressed margins”, Petronas stated.
“Towards this backdrop, Petronas leveraged the energy of its built-in worth chain to generate and protect worth via disciplined capital allocation, operational and industrial excellence, structural value optimization and lively portfolio high-grading”.
President and chief government Muhammad Taufik stated, “Shifting ahead, geopolitical headwinds within the business are anticipated to persist. To take care of these developments, Petronas will double down on measures to strengthen our portfolio and monetary energy”.
Petronas ended 2025 with money and money equivalents of MYR 204.4 billion. Present belongings totaled MYE 340.7 billion.
Present liabilities totaled MYR 92.1 billion together with MYR 13.5 billion in present liabilities.
To contact the creator, e-mail jov.onsat@rigzone.com
What do you suppose? We’d love to listen to from you, be part of the dialog on the
Rigzone Power Community.
The Rigzone Power Community is a brand new social expertise created for you and all vitality professionals to Communicate Up about our business, share data, join with friends and business insiders and have interaction in knowledgeable neighborhood that may empower your profession in vitality.
