Petronas Gas Berhad Reports Steady 2024 Performance

Petronas Gas Bhd ( (PNAGF) ) has released its Q4 earnings. Here is a breakdown of the information Petronas Gas Bhd presented to its investors.

Petronas Gas Berhad is a leading Malaysian company involved in the processing, transportation, and regasification of natural gas, as well as the provision of utilities, operating within the energy sector with a focus on maintaining high operational reliability. The company’s latest earnings report for the year ended December 31, 2024, highlights a slight increase in revenue by 1.4% to RM6.54 billion, driven by higher reservation charges in the Gas Processing segment, despite a marginal decline in gross profit due to rising operating costs. Key financial metrics show a modest growth in profit for the year by 1.2% to RM1.92 billion, with EBITDA increasing by 2.7% to RM3.35 billion, reflecting the company’s ability to manage costs effectively and maintain profitability. The company declared a consistent dividend of 72 sen per share, demonstrating its commitment to shareholder returns. Looking ahead, Petronas Gas Berhad anticipates a stable performance in 2025, with a focus on optimizing costs and operational efficiencies to mitigate rising expenses and sustain growth.