Petronas Dagangan posts RM291.4 million net profit in Q1, revenue up 23%

Petronas Dagangan Berhad (PDB) achieved a net profit after tax of RM291.4 million in the first quarter ending March 31, 2026, demonstrating financial resilience. However, this figure marks a marginal 3% decline from the same period last year, primarily attributed to increased product costs stemming from global market price hikes. Despite navigating an unpredictable global oil market, PDB saw its revenue surge by 23% to RM11.2 billion compared to the first quarter of 2025. This growth was propelled by higher average selling prices and robust sales volumes.

Azrul Osman Rani, PDB's Managing Director and CEO, highlighted the company's strategic focus on maintaining service quality and consistent fuel supply across its network amidst market uncertainties. He stated, "This quarter reflects the strength of our core business and the high discipline of the workforce. We will continue to remain focused on operational excellence and a customer-centric approach in responding swiftly to cost and market pressures."

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This quarter reflects the strength of our core business and the high discipline of the workforce. We will continue to remain focused on operational excellence and a customer-centric approach in responding swiftly to cost and market pressures.

Despite dynamic market conditions, PDB remains confident in its ability to manage challenges across its retail and commercial segments to deliver long-term value. The company's overall sales volume grew by 7% year-on-year. This increase was fueled by higher gasoline (Mogas) volumes, enhanced by a seamless customer experience via the Setel app following the implementation of BUDI95, and stronger commercial demand. In line with its resilient performance, PDB announced an interim dividend of 18 sen per ordinary share for the first quarter.

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Despite dynamic market conditions, PDB remains confident in its ability to manage challenges across its retail and commercial segments to deliver long-term value.