Hibiscus Petroleum Bhd. · MYX:HIBISCS
Hibiscus Petroleum Bhd — Q3 FY2026 Earnings Presentation
24 slides from Hibiscus Petroleum Bhd's earnings presentation, May 22, 2026
Slide 1: Q3 FY2026 Results
Q3 FY2026 RESULTS Briefing to Analysts and Fund Managers 22 May 2026
Slide 2: Disclaimer
DISCLAIMER The purpose of this presentation is to provide general information about Hibiscus Petroleum Berhad (the “Company”) to assist potential investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information that a prospective i
Slide 3: Encouraging Start to 2H FY2026
ENCOURAGING START TO 2H FY2026 1 2 Positive Financial Impact From Low-Pressure Compressor (LPC) Current Market Conditions Start-Up April & May 2026 oil offtakes of ~890kbbl achieved an Successfully and safely executed on 8 April 2026 average realised oil price of approximately USD120/bbl Incremental
Slide 4: Commencement of LPC Operations
COMMENCEMENT OF LPC OPERATIONS Increasing Brunei’s production by over 30% Safely executed on 8 April 2026, followed Incremental gas and condensate production by the successful completion of a Remaining project activities are scheduled of over 1.5 kboe/day in April & May 2026 Compressor Endurance Tes
Slide 5: Teal West Project
TEAL WEST PROJECT On track to reach First Oil Construction Support Vessel (CSV) mobilised to the field on 14 April 2026 and demobilised on 7 May 2026 Construction activity including production riser pull-in, flowline tie-in to the Teal West tree, and umbilical installation were successfully and safe
Slide 6: Q3 FY2026 Operational & Financial Summary
Q3 FY2026 OPERATIONAL & FINANCIAL SUMMARY OPERATIONAL HIGHLIGHTS Q3 FY2026 Q2 FY2026 % Change Production 26,251 boe/d 26,108 boe/d 1% Revenue Drivers Sales 2.3 MMboe 2.5 MMboe 9% Key Q3 FY2026 Financials Average Realised Oil USD76.7/bbl USD68.7/bbl 12% • Increasing oil prices have positively impacte
Slide 7: 9M FY2026 Cashbridge
9M FY2026 CASHBRIDGE Key CAPEX Projects Asset Capex (RM million) Key Projects 624 * UK: Teal West 292 Drilling of Oil Producer Malaysia-Vietnam: PM3 CAA 121 Bunga Raya Infill & Bunga Aster Appraisal Wells 465 Brunei: Block B MLJ 114 LPC Project Malaysia: Kinabalu 22 Debottlenecking Activities Others
Slide 8: Dividend of 3.0 Sen Declared for Q3 FY2026
DIVIDEND OF 3.0 SEN DECLARED FOR Q3 FY2026 • Third interim single-tier dividend of 3.0 sen/share for Q3 FY2026 INCREASING YEARLY DIVIDEND TREND SINCE FY2021 declared; total dividend declared for FY2026 now at 7.0 sen/share, following the 4.0 sen/share declared in 1HFY2026 8.0 sen/share (USD65/bbl to
Slide 9: FY2026 Guidance Snapshot
FY2026 GUIDANCE SNAPSHOT Achieved sales growth in the past 3 years FY2026 sales volume guidance at a higher range FY2026 GUIDANCE Net Oil, Condensate and Gas Sales (MMboe) Potential sales Sales Volume 9.0 – 9.4 MMboe FY2025 : 8.9 MMboe growth: 9.4 Up to 9.0 4.5% On track to reach sales volume Produc
Slide 10: Hibiscus: Delivering Value
HIBISCUS: DELIVERING VALUE IMPACT OF RISING OIL PRICES ON CRUDE OFFTAKES • Oil offtakes in April & May 2026 achieved average realised oil prices of approximately USD120/bbl • Total of ~1.2MMbbl of oil expected to be sold in Q4FY2026 LPC START-UP: INCREASING BRUNEI’S PRODUCTION • Increase in gas and
Slide 11: Thank You
THANK YOU For more information, please contact faq@hibiscuspetroleum.com
Slide 12: Appendices
APPENDICES ws
Slide 13: Appendix I - Group Operational Information
APPENDIX I - GROUP OPERATIONAL INFORMATION
Slide 14: Q3 FY2026 Group Operational Summary
Q3 FY2026 GROUP OPERATIONAL SUMMARY Q3 FY2026 Q2 FY2026 Average gross oil & condensate production bbl/day 42,904 40,852 Average net oil & condensate production bbl/day 13,754 12,894 Average gross gas export rate boe/day 42,549 44,927 Average net gas export rate boe/day 12,496 13,214 Average net oil,
Slide 15: Q3 FY2026 Operational Summary by Asset
Q3 FY2026 OPERATIONAL SUMMARY BY ASSET Block 46 Cai PM3 CAA North Sabah Kinabalu Block B MLJ Anasuria Cluster Total or Average Nuoc Average uptime % 94 90 96 97 89 94 - Average gross oil & condensate bbl/day 15,396 12,801 8,303 1,336 4,683 385 42,904 production Average net oil & condensate bbl/day 3
Slide 16: Offtake Schedule
OFFTAKE SCHEDULE On track to achieve FY2026 sales volume guidance of 9.0 - 9.4MMboe Total net oil, condensate and gas sales volume (boe) Actual – Latest Estimate – Q4 FY2026 Latest Latest Estimate – Q1 FY2027 Q1, Q2 & Q3 Estimate FY2026 Apr 20261 May 2026 Jun 2026 Total – FY2026 Jul 2026 Aug 2026 Se
Slide 17: Reserves and Resources
RESERVES AND RESOURCES 82 MMboe of 2P reserves and 126 MMboe of 2C resources present opportunity for monetisation Notes: 1 Reserves and resources are as of 1 January 2026. 2 PM3 CAA and Kinabalu 2P Reserves and 2C Contingent Resources are based on Hibiscus Oil & Gas Malaysia (“HML”)’s current estima
Slide 18: Appendix II - Group Financial Information
APPENDIX II – GROUP FINANCIAL INFORMATION
Slide 19: Q3 FY2026 Profit or Loss (by Segment)
Q3 FY2026 PROFIT OR LOSS (BY SEGMENT) Peninsular Malaysia Sabah Malaysia Total United 1 RM'000 Brunei Vietnam Others Kingdom PM3 CAA PM305 PKNB PM327 Subtotal North Sabah Kinabalu Subtotal (HPB Group) Revenue 188,422 - - - 188,422 92,564 84,399 176,963 60,011 89,596 37 2,729 517,758 Cost Of Sales (5
Slide 20: FY2025 Profit or Loss (by Segment)
FY2025 PROFIT OR LOSS (BY SEGMENT) Peninsular Malaysia Sabah Malaysia Total United RM'000 Brunei Vietnam Others1 PM305 and Kingdom PM3 CAA PKNB PM327 Subtotal North Sabah Kinabalu Subtotal (HPB Group) PM314 Revenue 809,706 7,845 - - 817,551 625,392 309,475 934,867 205,448 303,138 56,506 15,372 2,332
Slide 21: Operating in a Sustainable Financial Position
OPERATING IN A SUSTAINABLE FINANCIAL POSITION Stable debt-to-equity ratio, significant unutilised facilities (in RM million unless stated As at 31 Mar 2026 As at 30 Jun 2025 otherwise) Total assets 7,163.8 7,433.3 Shareholders’ funds 2,736.0 2,708.2 Cash and bank balances 619.7 642.0 Unrestricted ca
Slide 22: Maintaining Strong EBITDA Margins
MAINTAINING STRONG EBITDA MARGINS PM3 CAA NORTH SABAH KINABALU 70 100% 100 100% 140 100% 90% 90 94 95 90% No No 90% 60 65 120 80% 80 90 80% offtake offtake 84 121 80% 50 54 70% 70 78 79 78 70% 100 in this in this 70% 51 52 73 73 74 101 49 47 60% 60 69 60% quarter quarter 60% 40 45 45 80 92 50% 50 57
Slide 23: Delivering Reserves, Converting Resources
DELIVERING RESERVES, CONVERTING RESOURCES CAPEX (USD m) ASSETS KEY PROJECTS FY2026 FY2027 Malaysia-Vietnam: PM3 CAA 34 48 Bunga Aster Appraisal Well (1) and Infill/Exploration Wells (3) Malaysia: North Sabah 13 8 SF30 Waterflood Phase 2 Malaysia: Kinabalu 18 40 Redevelopment Project Malaysia: PKNB 5
Slide 24: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK Selective and disciplined deployment CASHFLOW WATERFALL KEY PRINCIPLES CONTROL LEVERS Priority Spend Investment Criteria 1 Debt Servicing Target Criteria Funding Work program & 2 Minimum Annual Dividend IRR ≥ 15% Internal cash budget phasing as Production Payback ≤5 year
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