Petronas Dagangan posts 46% net profit increase to RM387.2 million in Q2 2026

Petronas Dagangan Bhd has announced a significant financial uplift, posting a net profit of RM387.2 million for the second quarter ending June 30, 2026. This marks a nearly 46% increase compared to the RM265.5 million earned in the corresponding period of the previous year. The company's financial performance was bolstered by a substantial rise in revenue, which climbed over 77% to RM16.1 billion from RM9.07 billion in Q2 2025.

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The commercial segment's performance is in line with oil price trends, while the retail segment recorded lower profits, primarily due to higher product costs, which were partly offset by an increase in sales volume.

The surge in profitability is primarily attributed to higher gross profits from the commercial segment, aligning with oil price trends. However, this positive momentum was partially offset by lower margins within the retail segment and increased operational expenses. Despite these challenges, the company noted that its commercial segment's performance reflected the prevailing oil price trends, while the retail segment saw reduced profits mainly due to higher product costs, though this was somewhat counteracted by an increase in sales volume, particularly for Mogas.

Looking ahead, Petronas Dagangan anticipates that geopolitical developments in West Asia will continue to shape the global energy market and influence oil price prospects in the latter half of 2026. The company expects the global operating environment to remain dynamic, influenced by geopolitical events, commodity price fluctuations, and evolving policy measures. Nevertheless, the company remains optimistic about Malaysia's domestic demand, which is projected to stay robust, supported by sustained household spending, stable tourism activities, and controlled inflation.

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The global operating environment is expected to remain dynamic, influenced by geopolitical developments, commodity price movements, and changes in policy measures.

Further strengthening this outlook are domestic policy measures, including targeted fuel subsidies. These are expected to maintain mobility, fuel demand, and support retail activities. In recognition of its performance, the board of directors has declared an interim dividend of 25 sen per share, with eligibility on September 9, 2026, and payment on September 23, 2026.

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Malaysia's domestic demand is expected to remain supportive, underpinned by sustained household spending, stable tourism activities, and controlled inflation.