Petronas Gas Bhd Reports Mixed Q1 2025 Results

Petronas Gas Bhd ( (PNAGF) ) has released its Q1 earnings. Here is a breakdown of the information Petronas Gas Bhd presented to its investors.

Petronas Gas Bhd, a leading player in the oil and gas sector, specializes in processing, transporting, and regasifying natural gas while also providing utility services. In its latest earnings report for the first quarter of 2025, Petronas Gas Bhd reported a slight decline in revenue by 1.5% to RM1.59 billion, primarily due to reduced tariffs in its Gas Transportation and Regasification segments. Despite this, the company saw a 4.2% increase in profit for the quarter, reaching RM492.1 million, supported by higher profits from joint ventures. Key financial metrics showed mixed results, with gross profit down by 4.2% but profit before taxation up by 2.4%. The company maintained a stable EBITDA of RM852.1 million and declared a dividend of 16 sen per share. Looking ahead, Petronas Gas Bhd remains optimistic about its performance for the rest of 2025, focusing on maintaining operational excellence and managing risks effectively, despite challenges such as the recent pipeline fire incident.