KUALA LUMPUR: MISC Bhd’s net profit rose to RM1.70 billion for the financial year ended Dec 31, 2025 (FY25), from RM1.19 billion a year earlier.
Revenue fell 15% to RM11.15 billion from RM13.24 billion, mainly due to lower contributions from the marine and heavy engineering segment, the group said in a filing with Bursa Malaysia.
The decline was attributed to most ongoing projects nearing completion, while newly secured projects remained at early fabrication stages.
Revenue from the gas assets and solutions segment also weakened, primarily due to fewer earning days following contract expiries, vessel disposals, and lay-ups, as well as lower charter rates during the year.
For the fourth quarter, its net loss narrowed to RM11.8 million from a net loss of RM446.2 million a year earlier.
Meanwhile, the group declared a dividend for FY25 of 14 sen per share, payable on March 26.
On its outlook, the group said its marine sub-segment is expected to deliver steady performance, supported by ongoing vessel repair and conversion activities and driven by strong project management capabilities and enhancements in operational efficiency and project delivery.
It cautioned that the marine and heavy engineering segment’s operating environment is expected to remain volatile, shaped by the ongoing geopolitical environment and tariff uncertainties.
Against this backdrop, it said the heavy engineering sub-segment will continue to prioritise project execution excellence and strengthen its order book across conventional and new energy project opportunities while maintaining vigilance in addressing operational challenges. – Bernama
