BPHB hits cargo, revenue milestones for FY24
Ruslan (fourth left) during the group's 29th Annual General Meeting in Kuching today.
KUCHING (April 21): Bintulu Port Holdings Berhad (BPHB) has achieved a record-breaking operational milestone for its financial year ended Dec 31, 2024.
The group has posted total revenue of RM888.47 million, representing an 8.13 per cent growth driven by disciplined operational management.
Group chief executive officer Ruslan Abdul Ghani said BPHB also achieved total cargo throughput of 51.94 million tonnes, which set a new performance benchmark.
'We are basically the third largest port in Malaysia in terms of throughput.
'We did quite well, and all of this is because of the support from our board, employees, and stakeholders.
'We received strong backing from everyone, especially Bintulu Port Authority and the Ministry of Infrastructure, Port and Development Sarawak (MIPD),' he said to the media after the group's 29th Annual General Meeting at Hilton Hotel here today.
Additionally, the port's vessel traffic also reached a record 8,026 calls that positions BPHB as a critical maritime logistics hub in the region.
'We also did quite well with regard to vessel performance, recording over 8,000 vessel calls last year,' added Ruslan.
The group declared a dividend of RM69 million at 15 sen per share.
For 2025, Ruslan expects revenue to match or exceed 2024 levels.
'With the introduction of new services and throughput, we expect a similar, if not higher revenue.
'We are hopeful that new volumes coming from green energy and the strong performance of Sarawak Petchem, along with continued support from LNG, will help us deliver another productive year,' he said.
According to the group, BPHB remains committed to advancing key infrastructure and growth initiatives such as the Borneo Oil and Gas Supply Base (BOGSB) project.
The project remains remains a cornerstone of the group's ambition to position Sarawak as a regional hub for offshore energy logistics, in line with its vision to support Malaysia's energy ecosystem with integrated, future-ready logistics solutions.
The group is also moving forward with initiatives to operationalise Free Zone areas at both Bintulu Port and Samalaju Industrial Port, aimed at unlocking new investment opportunities and enhancing trade facilitation.
Upgrades to the Bintulu International Container Terminal (BICT) are underway to meet international standards in efficiency, agility, and sustainability.
As part of its long-term sustainability strategy, BPHB is advancing the establishment of Carbon Capture and Storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port.
'CCS-enabled hubs will play a vital role in Malaysia's decarbonisation roadmap, positioning BPHB as a key enabler of regional carbon management and sustainable energy logistics,' it said.
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