Deleum’s 1Q25 net profit up 34% to RM12mil

PETALING JAYA: Deleum Bhd remains confident about its prospects for 2025, despite the prevailing market volatility and trade related uncertainties.

The outlook is premised on the group’s core business which continues to be driven by operating expenditure-related focused activities in the upstream oil and gas sector, as well as the ongoing maintenance requirements across the industry.

Deleum saw net profit for the first quarter ended March (1Q25) surge 34.2% year-on-year to RM12.4mil, as revenue also grew 11.2% to RM179.2mil.

The group said the better profits and turnover were due to higher revenue generated from both its oilfield integrated services and power and machinery segments. Earnings per share for 1Q25 stands at 3.09 sen.

Compared to the preceding quarter ended December 2024 however, net profit decreased by 29% from RM17.5mil, as turnover fell 28.5% from RM250.9mil.