- Delivers record FY2025 revenue of RM997.1 million, approaching the RM1 billion milestone
- Achieves RM133.7 million in pre-tax profit and RM71.1 million in net profit in FY2025
- Maintains a strong total cash position with RM242.3 million in liquidity
- Sustained disciplined capital returns with a 52.5% dividend payout ratio
Kuala Lumpur, Malaysia, 24 February 2026 – Leading oil & gas (O&G) services provider Deleum Berhad (Deleum, the Group, 迪隆, Bloomberg: DLUM MK) continued to demonstrate operational and earnings resilience, closing the fourth quarter ended 31 December 2025 (“4Q25”) with pre-tax profit of RM32.5 million, broadly in line with RM32.8 million recorded in the corresponding quarter last year.
Net profit for the quarter stood at RM17.0 million, marginally lower than RM17.5 million in the corresponding quarter last year, primarily due to higher operating expenses, net foreign exchange losses, and a lower contribution from an associate company during the period.
Meanwhile, Group revenue increased by 20.7% to RM302.8 million in 4Q25, from RM250.9 million a year ago, supported primarily by stronger contributions from the Power and Machinery (P&M) segment.
For the financial year ended 31 December 2025 (FY2025), the Group delivered record revenue of RM997.1 million, representing a 9.9% increase from RM907.5 million in FY2024. This marks the Group’s highest annual revenue to date, bringing it close to the RM1 billion milestone, underpinned by solid contributions from both of its core business segments.
Net profit for FY2025 moderated by 4.1% to RM71.1 million, from RM74.2 million previously, mainly due to foreign exchange losses, fair value losses on forward foreign currency exchange contracts, a one-off bad debt write-off, and lower contributions from an associate company.
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“We are pleased with our FY2025 performance. Despite ongoing market uncertainties, we were able to sustain our earnings and continue to grow our topline, a reflection of the team’s execution discipline and the underlying strength of our business. Looking ahead to FY2026, we remain optimistic. Demand for maintenance related work across the sector remains steady, and over the past year, we have secured several high-value, long-term contracts that have strengthened our orderbook and improved earnings visibility. In addition, our newly acquired Indonesian subsidiary is expected to contribute fully this year, providing further momentum. Supported by these factors and our strong fundamentals, we are confident that the Group is well-positioned to deliver another resilient year in FY2026.” Rao Abdullah |
The Group declared a second interim single-tier dividend of 5.30 sen per share in respect of FY2025, payable on 30 March 2026. Together with the first interim single-tier dividend of 4.00 sen per share paid on 30 September 2025, total dividends for FY2025 amount to 9.30 sen per share, representing a total payout of RM37.3 million or 52.5% of net profit, surpassing the Group’s dividend policy of 50%.
Power and Machinery (P&M) Segment
Revenue from the P&M segment rose 31.0% to RM251.5 million in 4Q25, compared to RM191.9 million in the corresponding quarter last year. The improvement was driven by higher sales of exchange engines and retrofit projects, increased activity in control and safety valves and flow regulator services, stronger commission income from the mechanical and processes business, higher turbine parts and repairs sales, third-party sales, as well as contributions from PT OSA Industries Indonesia (OSAII). In line with the higher level of business activities and the inclusion of OSAII’s operating costs, the segment recorded a pre-tax profit to RM37.1 million compared to RM38.3 million previously.
For FY2025, P&M revenue increased 6.3% to RM761.9 million from RM716.7 million in the previous year. The segment’s pre-tax profit declined marginally by 3.2% to RM131.2 million from RM135.6 million previously.
Oilfield Integrated Services (OIS) Segment
The OIS segment recorded revenue of RM50.9 million in 4Q25 compared with RM58.6 million in the same quarter last year, primarily due to lower activity levels in Maintenance, Construction and Modification projects, slickline services in East Malaysia, and asset integrated solution services across both East and West Malaysia. In line with the softer revenue environment and margin compression during the quarter, the segment recorded a loss before tax of RM7.4 million compared with a loss of RM4.8 million in 4Q24.
Nevertheless, on a full-year basis, the OIS segment delivered robust growth momentum. For FY2025 segment revenue increased by 23.4% to RM234.2 million, while pre-tax profit rose to 47.1% to RM6.1 million, compared with RM189.9 million and RM4.2 million respectively, in the prior year, underscoring stronger overall operational performance across the year.
The Group’s overall liquidity, comprising cash and investment securities, strengthened to RM242.3 million as at 31 December 2025 compared to RM199.3 million at end-2024. Total borrowings remained low at RM38.0 million, keeping the Group in a firm net cash position. Shareholders’ equity also increased to RM496.3 million from RM463.0 million at the end of the previous year, reinforcing Deleum’s solid balance sheet and financial flexibility heading into FY2026.
About Deleum Berhad (https://www.deleum.com/)
Deleum Berhad is an investment holding company and through its subsidiaries, provides a diverse range of supporting specialised products and services to the oil and gas industry, particularly in the exploration and production sector. Its range of products and services is distinguished according to its two core business segments – Power and Machinery and Oilfield Integrated Services. Deleum is listed on the Main Market of Bursa Malaysia.