PETRON Malaysia Refining & Marketing Bhd (PMRMB) closed the 2025 financial year with a net profit of RM246 million — a dramatic surge compared to the RM18 million recorded in the previous year.
The strong performance was driven by improved output at the Port Dickson Refinery through process optimisation and higher plant utilisation rates, enabling the company to capitalise on lower production and supply costs.
Total annual sales volume increased by 36.2 million barrels compared to the previous year, though revenue declined 15 percent to RM13.4 billion as a result of lower global crude oil market prices.
Gross Profit More Than Doubles
The Dated Brent benchmark fell 15 percent or US$12 (RM46.70) per barrel to US$69 (RM268.50) per barrel, weighed down by increased global supply and weak demand amid ongoing geopolitical tensions.
Despite the revenue decline, gross profit more than doubled to RM571 million compared to RM274 million in 2024. Operating income also surged to RM350 million from just RM60 million the year prior.
For the fourth quarter of 2025, PMRMB sold 8.6 million barrels — up 10 percent against the same period last year. The company recorded a net profit of RM44 million for the quarter, reversing a net loss of RM70 million in Q4 2024.
The Port Dickson Jetty Incident
On 28 November 2025, the product jetty at the Port Dickson Refinery collapsed following Tropical Storm Senyar. The company declared a force majeure event and activated its Business Continuity Plan to ensure petrol, diesel, and Gasul LPG supplies remained stable throughout.
Debris clearance work is currently ongoing and the company is in the process of calling for bids for the construction of a replacement jetty. Given that the incident occurred toward year end, its impact on 2025 financial performance was minimal.
PMRMB Chairman Ramon S Ang attributed the results to operational efficiency, process improvements, and prudent risk management in a volatile oil market.
