KUALA LUMPUR – Petronas Dagangan Bhd (PetDag) has reported a 3.9% drop in second-quarter net profit to RM265.5 million, as softer retail margins offset stronger performances in its commercial and convenience divisions.
Quarterly revenue fell 7.9% to RM9.07 billion, dragged by easing retail sales as travel patterns normalised after a festive first quarter and consumer spending turned more cautious.
Despite the weaker earnings, PetDag declared a higher dividend of 22 sen per share, up from 20 sen a year earlier, bringing the year-to-date payout to 42 sen compared with 38 sen in the same period last year.
The retail segment saw reduced gross profit due to less favourable Mean of Platts Singapore (MOPS) price trends, softer market conditions, and weaker demand for diesel and Mogas.
The commercial division, however, posted higher gross profit on stronger Jet A1 fuel demand, while the convenience segment achieved better profitability through improved cost management.
For the first half of the year, net profit rose 11.3% to RM559 million despite a 5.6 per cent drop in revenue to RM18.16 billion.
Looking ahead, the group said it would continue to monitor market conditions, pursue proactive strategies, and maintain strict cost control to cushion the impact of volatility.
At the midday break, PetDag shares gained 12 sen or 0.5% to RM22.92, valuing the company at RM22.77 billion. The stock has climbed 18.6% so far this year. — August 25, 2025