PETALING JAYA: – Orkim Berhad, a marine transportation company in Malaysia, today announced its results for the first quarter of its financial year ending December 31, 2026 (Q1FYE2026).
For the quarter under review, the Group recorded a revenue of RM88.03 million, representing an increase of 4.5% from the RM84.25 million recorded in the preceding quarter. Profit before tax (PBT) and profit after tax (PAT) were RM24.15 million and RM24.11 million respectively, translating to increases of 28.4% and 24.9% compared to the preceding quarter. The fleet utilisation rate remained stable at 92%, following the successful completion of the Group’s fleet-wide Ballast Water Treatment System retrofitting programme in late 2025.
A key contributor to this quarter’s performance was MT Orkim Citrine, delivered in October 2025 which contributed positively to overall revenue and fleet efficiency. The Clean Petroleum Product marine transportation segment remained the Group’s core revenue driver, having accounted for 93% of Q1FYE2026 revenue.
Orkim CEO, Captain Cheah Sin Bi said, “We are pleased to have started the year on a strong footing, underpinned by our operational resilience and the full contribution from our largest vessel, MT Orkim Citrine. Amid an increasingly complex global landscape, we have consistently maintained a cautious stance towards geopolitical risks. Our strategic focus on domestic and regional routes is deliberate, allowing us to steer clear of geopolitical hotspots and mitigate exposure to volatility. This approach underscores the strength of our business model, which is anchored on long-term, recurring contracts that provide stability and earnings visibility even during periods of market uncertainty. By remaining focused on our core markets, we are confident in our ability to deliver sustainable value, regardless of fluctuations in the global spot market.”
