PSP Energy Sets Record with RM1.04 Billion Revenue

PSP Energy Berhad has achieved a significant milestone, recording its highest-ever revenue of RM1.04 billion and a profit after tax of RM23 million for the fiscal year ending June 30, 2026. This landmark achievement comes in the company's first year as a listed entity on the ACE Market, having debuted in December 2025.

The company's robust financial results were propelled by a 13.1% quarter-on-quarter increase in revenue, reaching RM316.2 million in the fourth quarter of fiscal year 2026. The fuel product distribution segment was a key contributor, generating RM200.7 million, a substantial rise driven by stronger orders in the bunker sub-segment.

Despite facing volatile fuel prices and intense competition, PSP Energy demonstrated strong operational efficiency. The company reported a gross profit of RM18.4 million and a profit before tax (PBT) of RM11.4 million in the fourth quarter, marking an 18.1% sequential increase. Profit after tax (PAT) surged by 33.5% to RM9.3 million from RM7 million in the previous quarter. For the full fiscal year, gross profit stood at RM57.5 million and PBT at RM30.6 million, with PAT reaching RM23 million, even after accounting for RM1.4 million in non-recurring listing expenses.

PSP Energy also highlighted its commitment to shareholders by declaring and paying an interim dividend of RM3.2 million throughout fiscal year 2026. This included two interim dividends of 0.20 sen and 0.10 sen per ordinary share, respectively. Managing Director Ong Chee Seng expressed pride in exceeding the RM1 billion revenue mark, attributing the growth to sustained demand in their core trading, distribution, and bunkering operations, coupled with supportive government policies for Malaysia's economic growth.

Looking ahead, the company plans to strengthen its operational capabilities and expand its market presence through strategic initiatives. These include commencing operations at the Tanjung Bruas storage facility, acquiring additional bunker vessels, and appointing PSP Lubricants as an authorized distributor for Sinopec lubricant products. The Tanjung Bruas facility, which began operations in April, has significantly increased the company's non-mobile storage capacity fivefold, from 1.5 to 7.5 megaliters.