Petronas Dagangan Records RM291.4 Million Profit After Tax in First Quarter of 2026, Declares 18 Sen Dividend

KUALA LUMPUR, May 2026 — Petronas Dagangan Berhad recorded a profit after tax of RM291.4 million for the first quarter ended March 31, 2026, reflecting a resilient financial performance despite continued volatility in the global oil market.

The group’s revenue increased 23% to RM11.2 billion, compared with RM9.1 billion in the same quarter last year. The stronger revenue was mainly supported by higher average selling prices and stronger sales volume across its business operations.

Total sales volume grew 7% year-on-year, driven by stronger motor gasoline demand through the Setel digital platform following the implementation of the BUDI95 programme, as well as improved demand from the commercial segment.

However, profit after tax declined slightly by about 3% compared with the same period last year. Petronas Dagangan said the decline was mainly due to higher product costs following market price increases.

According to the group’s Bursa filing, profit for the period stood at RM291.36 million, while profit attributable to ordinary equity holders was RM283.0 million, compared with RM293.5 million in the corresponding quarter of 2025. Basic earnings per share stood at 28.50 sen, compared with 29.50 sen previously.

The company also declared an interim dividend of 18 sen per ordinary share for the quarter ended March 31, 2026, compared with 20 sen per share in the same quarter last year.

Managing director and chief executive officer Azrul Osman Rani said Petronas Dagangan’s priority in a volatile market is to keep customers moving through reliable fuel supply, consistent service quality and convenience across all customer touchpoints.

He said the first-quarter performance reflected the strength of the group’s core business and the discipline of its teams, adding that Petronas Dagangan would continue focusing on operational excellence and customer-centric services.

Azrul also said market conditions remain dynamic, but the group is confident in its ability to navigate challenges across both retail and commercial segments. He added that Petronas Dagangan will continue strengthening its customer value proposition while delivering long-term value.

The retail segment remained an important contributor to the group’s performance, supported by stronger demand for fuel and the continued use of digital platforms such as Setel. The platform has become increasingly important in improving customer convenience, loyalty and payment experience at Petronas stations.

The BUDI95 programme also supported motor gasoline volumes during the quarter. Through digital and targeted fuel-related initiatives, Petronas Dagangan was able to strengthen customer engagement while maintaining service reliability across its nationwide station network.

In the commercial segment, stronger demand also contributed to the group’s overall sales volume growth. This segment includes fuel supply to industries, businesses and other commercial customers, which remain important to Petronas Dagangan’s revenue base.

The group’s performance came amid a challenging global oil environment, with crude prices and petroleum product costs affected by geopolitical tensions, supply concerns and broader market uncertainty.

For fuel retailers, higher market prices can support revenue due to stronger selling prices, but they can also pressure margins when product costs rise faster than selling price adjustments or operating efficiency improvements.

Petronas Dagangan’s latest results show that the group remains financially resilient despite cost pressures. Its large retail network, commercial customer base and digital ecosystem continue to support stable demand across key business segments.

The company’s ability to maintain profitability while still declaring dividends also highlights its position as one of Malaysia’s major listed energy retail companies.

Looking ahead, Petronas Dagangan is expected to continue focusing on supply reliability, operational efficiency, customer experience and digital growth. These areas will remain important as the company responds to shifting fuel demand, market volatility and changing consumer behaviour.

The group’s performance also reflects the broader importance of Malaysia’s downstream energy sector, where fuel retail, commercial supply and digital payment platforms play a key role in supporting daily mobility and business activity.

Petronas Dagangan’s first-quarter result showed stronger revenue and sales volume growth, although higher product costs weighed on profitability. With RM291.4 million in profit after tax and an 18 sen dividend declared, the group remains resilient despite a more volatile oil market environment