Friday 23/05/2025

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.

PETRONAS Dagangan Managing Director and Chief Executive Officer Azrul Osman Rani said, “This quarter’s results validate the strength of our fundamentals and the clarity of our direction. We remain disciplined in the execution of our strategies to deliver value, sustain profitability and be there for our customers, whose continued support fuels our drive forward. As we double down on better customer engagement and sharpen our operational edge, we are moving with purpose – unlocking performance today while building the agility needed to thrive in tomorrow’s market.”

Looking ahead, global uncertainties still remain. However, PETRONAS Dagangan will continue to be vigilant of potential inflationary pressures and indirect market shifts. Despite these headwinds, Malaysia’s economy is expected to be resilient, supported by sustained consumer spending and robust investment activity. Backed by strong domestic fundamentals, PETRONAS Dagangan will continue focusing on its key strategies, enhancing customer engagement and staying agile in both its core and Convenience segments to ensure sustained growth in a dynamic market.

Azrul added, “As we chart our path forward, we remain focused on staying ahead of change – not just reacting to the environment but leading through it. With the right fundamentals and a clear playbook, we are primed to capture new opportunities and fuel sustainable, long-term growth.”

To further this, PETRONAS Dagangan recently formalised a strategic joint venture with Blueshark Ecosystem Sdn. Bhd., a move aimed at expanding electric two-wheeler offerings and services in Malaysia. This initiative marks a meaningful step forward in PETRONAS Dagangan’s strategy to expand sustainable mobility offerings while delivering greater convenience to customers.

PETRONAS Dagangan has declared an interim dividend of 20 sen per ordinary share for the first quarter ended 31 March 2025.

ABOUT PETRONAS DAGANGAN BERHAD

PETRONAS Dagangan Berhad is the principal domestic marketing arm of Petroliam Nasional Berhad (PETRONAS), which holds 63.94% of its equity. Incorporated in Malaysia under the Companies Act 1965 on 5 August 1982 and listed on the Main Board of Bursa Malaysia on 8 March 1994, PDB has since established itself as Malaysia’s leading retailer and marketer of downstream oil and gas products.

The Company markets a wide range of high-quality petroleum products including motor gasoline, aviation fuel, kerosene, diesel, fuel oil, bunker fuel, lubricants, liquefied natural gas (LNG) liquefied petroleum gas (LPG) and bitumen in Malaysia.

As part of its strategy to grow its non-fuel offerings, the Company has incorporated Mesra Retail & Café Sdn Bhd in 2021, which focuses on food and beverage (F&B) business.

Since 2015, PDB has been certified as a constituent company member of FTSE4Good Index Series – a testament to the Company’s commitment to strong environmental, social and governance practices measured against globally recognised standards.

SOURCE: PETRONAS Dagangan Berhad

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Myra Liyana Razali
Tel : 03 – 2392 7252 | 012 – 689 0188
Email : myraliyana.razali@petronas.com.my

Name: Shazni Ong
Tel : 03 – 2392 2295 | 019 – 384 9891
Email : mshazniong.mmudzami@petronas.com.my

--BERNAMA