PETRONAS Dagangan (PETDAG) investor relations material

Executive summary

• Achieved sustained growth in revenue, profit, and assets in Q2 2026 despite global oil market volatility and geopolitical tensions in West Asia.

• Recorded a profit before tax (PBT) of RM920.3 million for the cumulative quarter, up 18% year-over-year, driven by improved margins in Commercial and Retail segments despite volatile crude oil prices and higher expenditure.

• Revenue for the period reached RM27,241.7 million, a 50% increase year-over-year, mainly due to higher average selling prices (44%) and a 4% increase in sales volume.

• Leveraged integrated value chain and logistics to ensure uninterrupted nationwide fuel supply and support economic activities.

Financial highlights

• Revenue for Q2 2026 rose 77% year-over-year to RM16,091.1 million; YTD revenue up 50% to RM27,241.7 million.

• Gross profit increased 19% year-over-year to RM1,311.3 million in Q2; YTD gross profit up 12% to RM2,425.9 million.

• Profit after tax for Q2 2026 grew 44% year-over-year to RM394.0 million; YTD PAT up 19% to RM685.4 million.

• Interim dividend of 25 sen per share declared for Q2 2026, totaling RM248.4 million.

• Net cash generated from operating activities for the cumulative period was RM1,498.9 million, down 39% year-over-year due to working capital movements.

Outlook and guidance

• Oil prices expected to remain volatile due to ongoing geopolitical uncertainties.

• Malaysia's GDP growth forecasted at 4.0%-5.0% for 2026, with inflation between 1.5%-2.5%.

• Focus on safeguarding fuel supply, capturing demand, supporting subsidy policy transitions, and disciplined cost management.