Bintulu Port Reports 35% Drop in 4Q Profit to RM26.56 Million Amid Higher Costs
Bintulu Port Holdings Bhd reported a profit after tax of RM26.56 million for 4QFY25, down 35.04% year-on-year due to increased costs. Operating revenue rose 0.56% to RM221.19 million, driven by stronger contributions from Samalaju Industrial Port. The full financial year 2025 PAT was RM121.89 million, with a single-tier dividend of five sen per share. Kenanga Research anticipates stable LNG cargo throughput supported by demand from Japan, South Korea, and China.
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Bintulu Port Holdings Bhd's profit after tax for 4QFY25 fell to RM26.56 million, a decline of 35.04% year-on-year, primarily due to increased salary-related, repair, maintenance, and administrative costs. Despite this, operating revenue increased 0.56% to RM221.19 million, bolstered by Samalaju Industrial Port's revenue growth.
For the full year, PAT was RM121.89 million with EBITDA at RM419.66 million. The group declared a dividend of five sen per share, totaling 15 sen for FY2025. Kenanga Research projects stable LNG throughput due to ongoing demand from Asian markets.
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