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Propel Global Narrows Quarterly Loss as O&G Revenue Improves

By TLA AI Editor2 min read

Kuala Lumpur, 28 August 2026 – Propel Global Berhad narrowed its fourth-quarter FY2026 loss before tax by about 32% to RM10.4 million from RM15.3 million, even as revenue slipped to RM23.4 million from RM24.8 million. Higher oil-and-gas project billings and initial contribution from a newly acquired subsidiary partly offset weaker technical-services activity, giving the diversified contractor a modest operational improvement.

Oil-and-gas revenue increased 9.5% to RM19.6 million, although the segment recorded a RM1.3 million loss before tax after the disposal of Propel Maxflo. Technical-services revenue fell to RM1.8 million from RM5.5 million, but its loss narrowed to RM3.5 million. The information-technology segment also reduced its loss on higher one-off service revenue.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.