KUALA LUMPUR, 29 August 2025 – Malaysia’s national oil and gas firm, Petroliam Nasional Berhad (Petronas), reported a 19% decline in net profit for the first half of 2025, down to RM26.2 billion from RM32.4 billion a year earlier. This decrease was driven by lower revenue following the disposal of its South African subsidiary, as well as reduced crude oil and petroleum product prices. The company also recorded a foreign exchange loss of RM426 million in the period.
Revenue for the six months ended 30 June 2025 fell 16% year-on-year, reaching RM132.56 billion, primarily due to declining average selling prices that mirrored weak global benchmark oil prices.
In a notable reporting change, Petronas has shifted its earnings disclosures to a half-yearly format, moving away from its prior quarterly schedule.
Looking ahead, Petronas anticipates continuing pressure on oil prices, citing persistent geopolitical tensions, macroeconomic uncertainties, evolving regulatory environments, and the accelerated pulling back of production cuts by OPEC+ as key headwinds.
