Last updated on August 23, 2025
Dialog Group Bhd saw a modest 6.5% increase in net profit for the fourth quarter ended June 30, 2025, reaching RM147 million—up from RM138 million a year earlier. This improvement was largely driven by reduced operating expenses and stronger contributions from the group’s joint ventures and associates—particularly in Malaysia and international operations—as well as a boost from other operating income.
However, despite the healthier bottom line, revenue for the quarter tumbled by nearly 25%, falling to RM608 million from RM810 million. This decline was attributed to softer upstream performance and weaker overseas business activity.
Domestically, midstream operations benefited from robust tank storage occupancy, while downstream operations saw a positive impact thanks to cost optimization efforts and the completion of key projects. On the other hand, upstream operations were weighed down by lower production resulting from scheduled maintenance shutdowns and weakened oil prices. Internationally, revenue and profits fell following the sale of Dialog’s entire 60% stake in the Dialog Jubail Supply Base.
For the full financial year ended June 30, 2025, Dialog Group’s net profit plunged 47% to RM303.8 million, compared with RM575 million in the previous year. Full-year revenue also fell by 20.6%, from RM3.15 billion to RM2.5 billion.
Looking ahead, Dialog remains confident in the resilience of its core business. The group plans to capitalize on increasing upstream activity by offering engineering and specialist technical services. Meanwhile, it is also focusing on building capacity for long-term midstream clients and accelerating development of the Pengerang Deepwater Terminals into a premier petroleum and petrochemical hub in the Asia-Pacific. As part of this effort, a joint venture with Petronas Gas Bhd has begun work on a liquefied natural gas–driven air separation unit.
The group will continue to leverage its integrated technical capabilities in downstream operations, including engineering, procurement, construction and commissioning (EPCC), plant maintenance, catalyst handling, and specialist products. It plans to adopt a cautious, selective approach when bidding for EPCC contracts—focusing on in‑house projects that align with its strategic and risk management frameworks amid ongoing geopolitical and market uncertainties.
