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Vantris 2Q Ebitda at RM47mil

The Star·09/29/2025 23:00:00
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PETALING JAYA: Vantris Energy Bhd (formerly known as Sapura Energy Bhd) announced earnings before interest, taxes, depreciation and amortisation (Ebitda) of RM47mil in its second quarter ended July 31, 2025 (2Q26).

In a statement, the integrated energy services and solutions provider said Ebitda in 2Q26 was an improvement from a loss of RM275mil in 1Q26.

Revenue for the quarter rose to RM1.06bil, up from RM801mil recorded in 1Q26. The earnings rebound was driven by stronger contribution from the drilling segment, with several rigs commencing new contracts.

The group recorded a loss after tax and minority interest of RM231mil in the quarter, narrowing from the RM478mil loss in 1Q26, due to foreign exchange losses of RM239mil primarily unrealised, stemming from the weaker US dollar against the ringgit.

Separately, Vantris Energy announced that it had appointed Adnan Zainol Abidin as its new chairman, effective Oct 1.

He succeeds Shahin Farouque Jammal Ahmad.