KUALA LUMPUR, 23 MAY 2025 – PETRONAS Dagangan Berhad (PETRONAS Dagangan) today announced a strong start to the year, posting a pre-tax profit of RM409.2 million for the first quarter ended 31 March 2025, a 25 per cent increase from the corresponding quarter (Q1 FY2024) and 13 percent increase from the preceding quarter (Q4 FY2024). This was primarily driven by lower expenditure and stable gross profit levels, offset by a marginal decline in sales volume.
The softer volume was largely attributable to reduced Diesel and Mogas sales in the Retail segment, reflecting more measured domestic household spending during the festive season. In contrast, the Commercial segment recorded stronger uptake, as a result of higher demand for aviation fuel. The Convenience segment remained steady, focusing on elevating customer experiences whilst optimising the operating expenditure.
PETRONAS Dagangan Managing Director and Chief Executive Officer Azrul Osman Rani said, “This quarter’s results validate the strength of our fundamentals and the clarity of our direction. We remain disciplined in the execution of our strategies to deliver value, sustain profitability and be there for our customers, whose continued support fuels our drive forward. As we double down on better customer engagement and sharpen our operational edge, we are moving with purpose – unlocking performance today while building the agility needed to thrive in tomorrow’s market.”
Looking ahead, global uncertainties still remain. However, PETRONAS Dagangan will continue to be vigilant of potential inflationary pressures and indirect market shifts. Despite these headwinds, Malaysia’s economy is expected to be resilient, supported by sustained consumer spending and robust investment activity. Backed by strong domestic fundamentals, PETRONAS Dagangan will continue focusing on its key strategies, enhancing customer engagement and staying agile in both its core and Convenience segments to ensure sustained growth in a dynamic market.
Azrul added, “As we chart our path forward, we remain focused on staying ahead of change – not just reacting to the environment but leading through it. With the right fundamentals and a clear playbook, we are primed to capture new opportunities and fuel sustainable, long-term growth.”
To further this, PETRONAS Dagangan recently formalised a strategic joint venture with Blueshark Ecosystem Sdn. Bhd., a move aimed at expanding electric two-wheeler offerings and services in Malaysia. This initiative marks a meaningful step forward in PETRONAS Dagangan’s strategy to expand sustainable mobility offerings while delivering greater convenience to customers.
PETRONAS Dagangan has declared an interim dividend of 20 sen per ordinary share for the first quarter ended 31 March 2025.
