PSP Energy Berhad (“PSP Energy” or the “Company”), an established provider of commercial fuel, bunkering and lubricants solutions in Malaysia, today announced its unaudited financial results for the third quarter ended 31 March 2026 (“Q3 FY2026”), delivering a stronger sequential performance with revenue increasing 23.8% quarter-on-quarter (“QoQ”) to RM279.6 million, compared to RM225.8 million in the immediate preceding quarter.
The stronger performance was mainly driven by higher revenue contribution from the Distribution of Fuel Products segment, which rose by RM28.6 million or 21.3% QoQ to RM162.6 million, as well as higher contribution from the Trading of Fuel Products segment, which increased by RM24.0 million or 28.9% QoQ to RM107.3 million. Both segments benefitted from higher bulk orders from major customers during the quarter under review.
Gross profit rose 87.4% QoQ to RM19.3 million from RM10.3 million, while gross profit margin improved to 6.9% from 4.6% in the immediate preceding quarter, supported by higher selling prices of fuel oil, marine gas oil and diesel. Profit before tax (“PBT”) increased by 140.6% QoQ to RM9.6 million, while profit after tax (“PAT”) surged 162.0% QoQ to RM7.0 million from RM2.7 million previously. For the nine-month financial period ended 31 March 2026 (“9M FY2026”), PSP Energy recorded revenue of RM719.0 million, gross profit of RM39.1 million, PBT of RM19.2 million and PAT of RM13.7 million.
As part of its shareholder return commitment, PSP Energy declared a second single-tier interim dividend of 0.10 sen per ordinary share on 21 May 2026, amounting to approximately RM1.1 million. The dividend is payable on 28 July 2026 to entitled shareholders whose names appear in the Record of Depositors on 30 June 2026. This follows the Company’s first single-tier interim dividend of 0.20 sen per ordinary share, amounting to approximately RM2.1 million, which was paid on 18 May 2026.
Mr. Ong Chee Seng, Group Managing Director of PSP Energy Berhad, said, “Our Q3 FY2026 performance reflects the resilience of PSP Energy’s core business model and our ability to capture demand across essential fuel supply chains. The stronger quarter-on-quarter improvement was supported by higher bulk orders from major customers, while the expansion in gross profit margin demonstrates the Company’s ability to manage market conditions and execute efficiently across our trading and distribution operations.”
He added, “The declaration of our interim dividends also reflects the Board’s confidence in the Company’s financial position and our commitment to delivering sustainable value to shareholders. Moving forward, we remain focused on strengthening our operating capacity, expanding our bunkering and storage capabilities, and deepening our presence across the commercial fuel, marine and lubricants markets.”
The Company continues to execute its post-listing growth plans, including the expansion of its bunkering services through the acquisition of an additional bunker vessel with a rated cargo capacity of 2.5 megalitres, which is expected to be completed by the end of June 2026, followed by refurbishment works. PSP Energy has also commenced operations at its bunkering and storage facilities at Tanjung Bruas Port, Melaka in April 2026, increasing its non-movable storage capacity from 1.5 megalitres to 7.5 megalitres.
In addition, the Company plans to grow its lubricants business through the opening of a branch office in Kuantan, Pahang, to better serve customers across Pahang, Terengganu and Kelantan. Barring any unforeseen circumstances, the Board remains cautiously optimistic that demand for fuel products will continue to grow in tandem with Malaysia’s economic activity, which is expected to support PSP Energy’s future financial performance.
