What led to the RM444.23 million net profit for Petronas Gas Bhd in Q3?

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Petronas Gas Bhd Recorded RM444.23 Million Net Profit in Q3 Due to Lower Revenue and Tariff Adjustments

Petronas Gas Bhd (PGB) reported a net profit of RM444.23 million for the third quarter ended September 30, 2025. This figure represents a decrease from the RM493.67 million recorded in the corresponding period of the previous year. The decline in profitability was primarily driven by a reduction in revenue, which fell to RM1.62 billion from RM1.66 billion year-on-year.
Reduced Revenue from Utilities and Gas Transportation Segments

The lower overall revenue for the quarter was significantly influenced by the utilities segment, which experienced a decrease due to lower product prices. Additionally, the gas transportation segment contributed to the revenue dip following a downward adjustment in tariffs. This tariff adjustment was a consequence of a sharing factor related to lower internal gas consumption in the preceding year.
Year-to-Date Financial Performance Shows a Similar Trend

Looking at the first nine months of the fiscal year, PGB's net profit stood at RM1.36 billion, a slight decrease compared to RM1.42 billion for the same period last year. Revenue for this cumulative period also saw a reduction, declining to RM4.80 billion from RM4.92 billion in the prior year.
Future Outlook Faces Continued Revenue Pressures

Moving forward, PGB anticipates an intensification of maintenance activities in the upcoming quarter as part of its ongoing reliability and safety programmes. Furthermore, the company expects that rebate adjustments linked to the new electricity tariff structure announced by the government will continue to place pressure on the revenue generated by its utilities segment.

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What led to the RM444.23 million net profit for Petronas Gas Bhd in Q3?

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