Latest news with #PETRONASDaganganBerhad
Barnama
23-05-2025
- Business
- Barnama
PETRONAS Dagangan Records Higher Profitability For Q1 FY2025
KUALA LUMPUR, May 23 (Bernama) -- PETRONAS Dagangan Berhad (PETRONAS Dagangan) today announced a strong start to the year, posting a pre-tax profit of RM409.2 million for the first quarter ended 31 March 2025, a 25 per cent increase from the corresponding quarter (Q1 FY2024) and 13 percent increase from the preceding quarter (Q4 FY2024). This was primarily driven by lower expenditure and stable gross profit levels, offset by a marginal decline in sales volume. The softer volume was largely attributable to reduced Diesel and Mogas sales in the Retail segment, reflecting more measured domestic household spending during the festive season. In contrast, the Commercial segment recorded stronger uptake, as a result of higher demand for aviation fuel. The Convenience segment remained steady, focusing on elevating customer experiences whilst optimising the operating expenditure.
The Star
13-05-2025
- Business
- The Star
PETRONAS ADVANCES DOWNSTREAM BUSINESS VIA BIO-BASED VALUE CHAIN
OVER the past 12 months, the global oil and gas sector has faced a complex business landscape, driven by fluctuating market demand, geopolitical tensions, macroeconomic uncertainties, and a growing focus on energy transition. As a national oil and gas company, Petroliam Nasional Berhad (PETRONAS) is not exempt from the challenges of the current global environment. It is a responsibility the company must shoulder to ensure the future sustainability of the local and global energy industries. To stay relevant and competitive, PETRONAS must act swiftly to identify growth opportunities amid ongoing industry challenges. By doing this, the company must prioritise and execute strategic initiatives aimed at achieving its aspiration to become a progressive energy hub. Since its establishment five decades ago, the company has emerged as a leading global energy player, driven by its integrated core businesses spanning upstream, downstream, gas and maritime business segments. With the formation of Gentari in 2022, it has strengthened its position in the renewable energy and clean energy solutions business. PETRONAS Dagangan Berhad and PETRONAS Trading Corporation Sdn Bhd are also actively involved in supplying bioenergy to their business partners, including providing SAF to several airline companies. Seeking new horizons PETRONAS has consistently explored new potential beyond its core business. This includes expanding its downstream capabilities, such as exploring the development of biofuels to meet global demand and support future economic diversification. The global energy company is actively working to build a sustainable bio-based value chain and a solid customer base. In partnership with experienced global players, Italy's Enilive and Japan's Euglena, PETRONAS will be developing its first biorefinery which reached the Final Investment Decision (FID) in July last year. The biorefinery will be located in Pengerang, Johor and is set to begin commercial operations in 2028. This plant will play a key role in advancing the global bioeconomy and producing affordable clean energy solutions while supporting Malaysia's National Energy Transition Roadmap. With the capability of the new biorefinery, PETRONAS will be able to meet the growing and focused needs of its partners and customers, driven by the increasing demand for sustainable fuels. Moreover, the plant will have the capacity to produce Sustainable Aviation Fuel (SAF), Hydrotreated Vegetable Oil (HVO) and bio-naphtha to meet the rising demand in Asia and other regions. As a progressive energy company, PETRONAS, through PETRONAS Dagangan Berhad and PETRONAS Trading Corporation Sdn Bhd, has been actively supplying biofuels to its business partners ahead of the biorefinery plant's completion. This includes supplying SAF to several airlines, reinforcing confidence in its ability to deliver said products. Its commitment to supplying SAF plays a crucial role in supporting the sustainability agendas of its partners and industries. This also prepares the company to meet the requirements of the international Carbon Offsetting and Reduction Scheme for International Aviation, a global initiative developed by the International Civil Aviation Organization to reduce carbon footprint and achieve carbon-neutral growth in the international aviation sector. Sazali says that PETRONAS, together with partners, will leverage the respective strengths and expertise to advance global bioeconomy. Sustainable partnerships Beyond the aviation industry, PETRONAS had powered the Mercedes-AMG PETRONAS Formula One team's trucks and generators with the supply of HVO100 across two European race seasons in 2023 and 2024. In collaboration with Vitol, it successfully conducted its first marine biofuel bunkering in Singapore, supplying sustainable marine fuel B24 – a blend containing 24% used cooking oil – onboard the MT Lady Aegina. Securing raw materials is a crucial component in establishing a robust bio-feedstock supply chain. Through a Memorandum of Understanding signed with the Malaysian Palm Oil Board, PETRONAS is exploring the viability and accessibility of bio-feedstock and palm oil waste for SAF production to achieve this objective. PETRONAS executive vice president and chief executive officer for Downstream, Datuk Sazali Hamzah said, 'This new potential will strengthen PETRONAS' position in the biofuel supply chain beyond trading, opening the door to the creation of a comprehensive bio-based ecosystem in Malaysia. 'Together with our partners, we will leverage our respective strengths and expertise to advance the global bioeconomy and deliver affordable, accessible clean energy solutions to customers worldwide, fulfilling our Net Zero Carbon Emissions aspiration by 2050,' he added. In addition, PETRONAS will produce and supply Advanced Sustainable Fuel (ASF) to the Mercedes-AMG PETRONAS Formula One team to meet Formula One's new regulations, which aims for 100% usage of sustainable fuel in 2026. Its achievements so far reflect its commitment to strategic collaborations in its pursuit of becoming a global energy hub. The company's resilience in meeting the demand for new energy and ensuring energy security will further solidify its position as a national oil company that operates as a progressive, responsible international oil company.
Yahoo
04-05-2025
- Business
- Yahoo
Investors Should Be Encouraged By PETRONAS Dagangan Berhad's (KLSE:PETDAG) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in PETRONAS Dagangan Berhad's (KLSE:PETDAG) returns on capital, so let's have a look. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for PETRONAS Dagangan Berhad, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.25 = RM1.5b ÷ (RM11b - RM4.8b) (Based on the trailing twelve months to December 2024). So, PETRONAS Dagangan Berhad has an ROCE of 25%. That's a fantastic return and not only that, it outpaces the average of 20% earned by companies in a similar industry. Check out our latest analysis for PETRONAS Dagangan Berhad In the above chart we have measured PETRONAS Dagangan Berhad's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering PETRONAS Dagangan Berhad for free. PETRONAS Dagangan Berhad is showing promise given that its ROCE is trending up and to the right. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 36% over the last five years. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects. On a side note, PETRONAS Dagangan Berhad's current liabilities are still rather high at 43% of total assets. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks. To bring it all together, PETRONAS Dagangan Berhad has done well to increase the returns it's generating from its capital employed. Considering the stock has delivered 14% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up. One more thing to note, we've identified 1 warning sign with PETRONAS Dagangan Berhad and understanding this should be part of your investment process. PETRONAS Dagangan Berhad is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
04-05-2025
- Business
- Yahoo
Investors Should Be Encouraged By PETRONAS Dagangan Berhad's (KLSE:PETDAG) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Speaking of which, we noticed some great changes in PETRONAS Dagangan Berhad's (KLSE:PETDAG) returns on capital, so let's have a look. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for PETRONAS Dagangan Berhad, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.25 = RM1.5b ÷ (RM11b - RM4.8b) (Based on the trailing twelve months to December 2024). So, PETRONAS Dagangan Berhad has an ROCE of 25%. That's a fantastic return and not only that, it outpaces the average of 20% earned by companies in a similar industry. Check out our latest analysis for PETRONAS Dagangan Berhad In the above chart we have measured PETRONAS Dagangan Berhad's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering PETRONAS Dagangan Berhad for free. PETRONAS Dagangan Berhad is showing promise given that its ROCE is trending up and to the right. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 36% over the last five years. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects. On a side note, PETRONAS Dagangan Berhad's current liabilities are still rather high at 43% of total assets. This effectively means that suppliers (or short-term creditors) are funding a large portion of the business, so just be aware that this can introduce some elements of risk. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks. To bring it all together, PETRONAS Dagangan Berhad has done well to increase the returns it's generating from its capital employed. Considering the stock has delivered 14% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up. One more thing to note, we've identified 1 warning sign with PETRONAS Dagangan Berhad and understanding this should be part of your investment process. PETRONAS Dagangan Berhad is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The Star
03-05-2025
- Business
- The Star
Brunei vehicles get RON97 access at border route
KOTA KINABALU: Tourists from Brunei can now refuel with RON97 petrol at the PETRONAS station in Kimanis, following the launch of a pilot project aimed at addressing fuel supply shortages in Sabah's West Coast South region. 'But foreign vehicles are only permitted to purchase unsubsidised RON97 fuel,' said Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. The initiative, introduced by the Domestic Trade and Cost of Living Ministry in collaboration with PETRONAS Dagangan Berhad (PDB), was in response to complaints, particularly from Bruneian travellers, over the limited availability of RON97 fuel. Armizan said the Kimanis station was identified as a strategic location due to its position along the Pan Borneo Highway, some 205km from Bandar Seri Begawan and en route to Kota Kinabalu. 'This pilot test will utilise a Mini Portable Container System (PCS) with a capacity of 5,000 litres during the trial period, prior to full implementation,' he said during a media briefing in Kimanis on Saturday (May 2). He explained that the trial phase allows for a thorough assessment of the fuel storage and sales system's efficiency, financial viability, and logistics to ensure long-term sustainability. At present, RON97 is only available at 37 out of 260 petrol stations across Sabah, primarily due to low demand and the risk of financial losses. The nearest stations offering RON97 are located in Lintas-Kepayan, Jalan Mat Salleh, and Penampang. According to the Royal Malaysian Customs Department, more than 156,000 Brunei-registered vehicles entered Malaysia between 2023 and 2024. In light of this, the ministry is taking appropriate steps to ensure that the lack of RON97 supply does not affect tourist arrivals, while also ensuring that the fuel is available to locals who choose to use it. The route from Bandar Seri Begawan to Kota Kinabalu passes through Limbang and Lawas in Sarawak, and Sipitang, Beaufort, Kimanis, and Papar in Sabah. Armizan launched the initiative during a site visit, accompanied by the ministry's director-general Datuk Azman Adam, PETRONAS Dagangan Berhad chief operating officer Azureen Azita Abdullah, and AJ Petromart partner Josephine Lim.
