Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q3 2025 Earnings Presentation
17 slides from Bumi Armada Bhd's earnings presentation, Nov 27, 2025
Slide 1: Bumi Armada Berhad Financial Results Q3 2025
Bumi Armada Berhad Financial Results Q3 2025 27 Nov 2025
Slide 2: Q3 2025 Health, Safety & Environment
Q3 2025 Health, Safety & Environment Armada Sterling FSU Armada LNG Mediterrana 12 years LTI free 8 years LTI free Armada Sterling II Armada Kraken 10 years LTI free 3 years LTI free Karapan Armada Sterling III Armada Constructor 7 years LTI free 8 years LTI free Armada Olombendo Armada Installer 3
Slide 3: Uptime Owned Units
Uptime Owned Units 98.66 % Armada TGT • Repairs within ballast and cargo tanks • HVAC Condenser ‘B’ for the E-House replaced with a new unit • Anti corrosion work (blasting and painting) on the hull Armada Kraken • Replacement auxiliary winch installed on Port Crane • Hull and mooring inspections •
Slide 4: Uptime JV Units
Uptime JV Units 100 % Armada Sterling II (C7) • Generator and compressor condition assessment and vibration system upgrade • Sea water lift pump pipeline renewal • Pressure vessel inspection and hydrotest Karapan Armada Sterling III • Commenced major overhaul of LP Gas Compressor B • Re-certificatio
Slide 5: New Ventures Update (Q3 2025)
New Ventures Update (Q3 2025) Active tenders/bids • Jalu PSC bid date 28NOV. BA has an RTM for the bid. • FPSO FEED in progress. • CO2 FSIU pre-FEED completed. Akia Production Sharing Contract (Akia PSC) • A 750km2 3D seismic acquisition completed in May 2025 and currently being processed. Expected
Slide 6: New Ventures Update (Q3 2025)
New Ventures Update (Q3 2025)
Slide 7: Environmental Social Responsibility - Updates
Environmental Social Responsibility - Updates On 23rd September 2025, Bumi Armada awarded 38 scholarships to final-year students at Ho Chi Minh City University of Technology (HCMUT) across four faculties and also sponsored the First Prize Winner of the BK Innovation Competition to foster innovation
Slide 8: Q3 2025 Financial Performance
Q3 2025 Financial Performance 8
Slide 9: Q3 2025 Financial Highlights (vs Q2 2025)
Q3 2025 Financial Highlights (vs Q2 2025) -11% RM361m (RM407m) RM98m (RM80m) Revenue ** +23% Profit for the financial period ** Adjusted revenue would be RM451m if Armada Olombendo FPSO and Malta FSU finance lease revenue was substituted with BBC billings instead. The Group’s Key Financial Focus Are
Slide 10: Results Overview – Q3 2025 vs. Q2 2025
Results Overview – Q3 2025 vs. Q2 2025 RM'm Q2 2025 Q3 2025 Revenue due to distribution from Trustee of bankrupt Revenue 407.1 360.7 former charterer of Armada Perdana FPSO (disposed Operating expenses (292.4) (246.8) vessel) in Q2 2025 and lower operating and maintenance Forex (loss)/gain (18.3) 0.
Slide 11: Cash Movement – Q3 2025
Cash Movement – Q3 2025 (All amounts shown are in RM’m) Cash balance - Q3 2025 7 14 44 374 178 42 1,415 56 6 8 1,256 1 July 2025 Operating Proceeds from Dividends Interest Net change Repayment of Interest paid Currency Others 30 Sep 2025 Cash balance surplus borrowings received from received in work
Slide 12: Leverage Reducing Over Time
Leverage Reducing Over Time Cash Debt stood at Net Debt Cash (in RM’mil) ~ RM1.3 Billion 678 689 752 705 902 1,214 Debt Repayment 1,100 1,427 1,424 1,415 in Q3-25 amounted to 4,338 4,130 3,897 3,650 3,392 1,256 2,773 US$89 Million 2,538 2,257 2,083 1,647 1,473 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'
Slide 13: Financial Performance Over Time
Financial Performance Over Time (All(All amounts amounts shown shown areare in RM’m) in RM’m) Revenue Operating Profit before Impairment Operations Others 1.3 1.5 17.0 14.9 0.5 8.7 3.7 0.9 621.4 634.2 386.3 1.4 345.2 315.1 321.4 561.9 543.1 529.1 524.3 529.2 2.7 263.4 260.7 248.4 473.0 222.5 439.9 3
Slide 14: Vessel Order Book as of 30 Sep 2025
Vessel Order Book as of 30 Sep 2025 ➢ 72% vessel order book from Vessel Order book as at 30 Sep 2025 wholly-owned FPO units Firm contract RM5.4 bil RM3.2 bil ➢ Robust firm vessel order book of period order book RM8.6b Optional extension RM7.5 bil RM1.7 bil ➢ Certain contracts contain extension perio
Slide 15: 2025 Outlook
2025 Outlook We are pursuing new opportunities in targeted markets. We will continue to focus on the following areas to improve the prospects of the organisation: Safety Maintain LTI free for all assets. Performance Sustain solid financial performance driven by operational excellence. Growth Expand
Slide 16: Disclaimer
Disclaimer This presentation may contain statements of future expectations an other forward-looking statements based on management’s and/or other information providers’ current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, o
Slide 17: Q&A
Q&A ae BUMIARMADA 7