PBAHB announces 5 sen dividend per share, posts RM114.55 million profit

PBA Holdings Bhd (PBAHB) has declared a total dividend of 5.0 sen per share for its 2025 financial year, demonstrating a commitment to shareholders even amidst a notable increase in tax expenses that affected its after-tax profits. The company reported a profit after tax (PAT) of RM114.55 million for the fiscal year ending December 31, 2025.

Shareholders approved a final dividend of 2.75 sen per share, bringing the total dividend for 2025 to 5.0 sen per share, following an interim dividend of 2.25 sen per share paid on January 2. This final payout amounts to RM9.1 million and is scheduled for July 24. This marks the 25th consecutive year PBAHB has paid dividends to its shareholders.

PBAHB's revenue for 2025 stood at RM568.44 million, an increase from RM527.60 million in the previous year. Approximately 85 percent of this revenue, or RM483.20 million, was generated from water sales through its primary subsidiary, Penang Water Supply Corporation Sdn. Bhd. (PBAPP). Profit before tax (PBT) saw an increase to RM157.36 million from RM149.34 million in 2024.

However, the profit after tax decreased from RM144.17 million to RM114.55 million due to a significant rise in tax expenses. Tax expenditure escalated to RM42.81 million in 2025, compared to RM5.17 million the prior year. This increase occurred after PBAPP was informed by the Inland Revenue Board that it was ineligible for reinvestment allowances under the PENJANA incentives for Assessment Years 2020 to 2024. PBAHB stated that a substantial portion of its profits will be reinvested as capital expenditure (CAPEX) for water supply projects aimed at benefiting the people of Penang.