Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q4 2025 Earnings Presentation
18 slides from Bumi Armada Bhd's earnings presentation, Feb 27, 2026
Slide 1: Bumi Armada Berhad Financial Results Q4 2025
Bumi Armada Berhad Financial Results Q4 2025 27 Feb 2026
Slide 2: Q4 2025 Health, Safety & Environment
Q4 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 4
Slide 3: Uptime Owned Units
Uptime Owned Units 96.98 % Armada TGT • Annual shutdown in October with all job scopes completed on time. • Gas Turbine Generator engines replaced. • Upgrade of ICSS software and hardware systems. Armada Kraken • Production Train B offline late December for repairs. Back online end of January 2026.
Slide 4: Uptime JV Units
Uptime JV Units 99.98 % Armada Sterling II (C7) • Class (ABS) annual and intermediate surveys completed. • Top side vessel internal inspection and hydrotest completed. Karapan Armada Sterling III • Class (ABS & BKI) tank inspections completed for 2025. • LP Gas Compressor software modification by SI
Slide 5: Q4 2025 New Ventures Update
Q4 2025 New Ventures Update Active tenders/bids • Bid submitted for Jalu PSC in Indonesia in November 2025. Expected result announcement in Q2 2026. • FPSO FEED in progress with completion target in late Q2 2026. 5
Slide 6: Environmental Social Responsibility
Environmental Social Responsibility Bumi Armada collaborated with the Department of Fisheries Pahang on a Turtle Conservation Awareness and Nesting Site Monitoring Programme, involving hands-on activities such as monitoring hatching sites and improving nesting conditions. Bumi Armada organised The G
Slide 7: Q4 2025 Financial Performance
Q4 2025 Financial Performance 7
Slide 8: Q4 2025 Financial Highlights (vs Q3 2025)
Q4 2025 Financial Highlights (vs Q3 2025) -4% RM347m (RM361m) -17% RM81m (RM98m) Revenue ** Profit for the financial period ** Adjusted revenue would be RM439m if Armada Olombendo FPSO and Malta FSU finance lease revenue was substituted with BBC billings instead. The Group’s Key Financial Focus Area
Slide 9: Results Overview – Q4 2025 vs. Q3 2025
Results Overview – Q4 2025 vs. Q3 2025 RM'm Q3 2025 Q4 2025 Material changes Q4 2025 vs Q3 2025 Revenue 360.7 347.1 Revenue due to lower operating and maintenance Operating expenses (246.8) (255.7) revenue arising from lower reimbursable costs incurred Forex (loss)/gain 0.0 (13.2) for Armada Kraken
Slide 10: Net Profit to Operating Cash Flows – Q4 2025
Net Profit to Operating Cash Flows – Q4 2025 (All amounts shown are in RM’m) Q4 2025 Net Profit to Net Cash Flows from Operating Activities 64 358 145 49 62 3 198 52 81 Net profit Finance costs Depreciation Others Operating profit Favorable Interest and net Dividends Net cash flows and taxation befo
Slide 11: Cash Movement – Q4 2025
Cash Movement – Q4 2025 (All amounts shown are in RM’m) Cash balance - Q4 2025 145 261 64 11 198 49 44 4 1,316 1,256 1 Oct 2025 Operating Dividends Interest received Net change Repayment of Interest paid Currency Others 31 Dec 2025 Cash balance surplus received from in working borrowings translation
Slide 12: Comparison of 2025 vs 2024
Comparison of 2025 vs 2024 FY 2024 FY 2025 Operating profit before RM1,242m RM647m • RM437m lower Kraken revenue due to option period impairment • RM132m lower Olombendo gross profit due to DOF escalation in 2024 and lower finance lease revenue in 2025 Profit after tax RM656m RM447m • RM61m lower TG
Slide 13: 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 Q4-25 amounted to 4,338 4,130 3,897 3,650 3,392 1,256 1,316 2,773 US$63 Million 2,538 2,257 2,083 1,647 1,473 1,061 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24
Slide 14: 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 0.9 386.3 1.4 621.4 634.2 345.2 315.1 321.4 561.9 543.1 2.7 263.4 260.7 248.4 529.1 524.3 529.2 222.5 473.0 174.3 3
Slide 15: Vessel Order Book as of Dec 2025
Vessel Order Book as of 31 Dec 2025 Vessel Order book as at 31 Dec 2025 ➢ 73% vessel order book from wholly-owned FPO units Firm contract RM4.9 bil RM3.0 bil period order book ➢ Robust firm vessel order book of RM7.9b Optional extension RM7.2 bil RM1.6 bil ➢ Certain contracts contain extension perio
Slide 16: 2026 Outlook
2026 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: Maintain LTI free for all assets. Safety Sustain solid financial performance driven by Performance operational excellence. Expand our cor
Slide 17: 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 18: Q&A
Q&A ae BUMIARMADA 18