PetDag profit jumps 38% in 4Q, declares 45 sen dividend

 

KUALA LUMPUR: PETRONAS Dagangan Bhd (PDG) anticipates steady private consumption, accelerated implementation of national development plans and a more stable operating environment in 2025.

However, PDG said global trade uncertainties and moderating oil prices could influence market conditions.

“Against this backdrop, the company remains committed to strengthening its core and convenience segments by leveraging strategic initiatives and capitalising on market opportunities.

“PDG will also continue driving operational efficiencies and enhancing customer experience to reinforce its business fundamentals while staying responsive to shifts in the regulatory and global landscapes,” it said in a statement.

Managing director and chief executive officer Azrul Osman Rani said the group entered 2025 with a clear ambition to build on its momentum and remain ahead in a changing landscape.

“Our focus is on what truly matters – delivering value, deepening customer trust and making everyday life simpler and better. With the right fundamentals in place, we are ready to navigate challenges and drive the next phase of growth,” he said in a statement.

In the fourth quarter ended Dec 31, PDG posted a 37.7% jump in net profit to RM249.1mil, or earnings per share of 25.10 sen compared with RM180.8mil, or 18.20 sen in the previous corresponding quarter.

Revenue, however, dipped 10.7% to RM9bil against RM10.1bil last year.

For the full financial year ended Dec 31, 2024 (FY24), it posted a net profit of RM1.09bil, up 15.2% from RM943.1mil while revenue rose marginally to RM37.9bil from RM37.5bil a year ago.

PDG recorded an all-time high annual sales volume of 16.8 billion litres in FY24, driving revenue growth and reflecting stronger overall demand despite lower average selling prices.

“This year’s performance reaffirms the strength of our strategy execution. Despite a challenging environment, our ability to deliver sustained profitability reflects the robustness of our business model, the trust of our customers and our disciplined approach to navigating market shifts. These results demonstrate how we continuously refine our playbook – staying agile, driving efficiencies and positioning ourselves for long-term value creation,” Azrul said.

PDG has declared an interim dividend of 25 sen per ordinary and a special dividend of 20 sen per ordinary share for the quarter ended Dec 31.

For FY24, the company has declared a total dividend of 107 sen per ordinary share, which represents 100% payout ratio.