Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q1 2026 Earnings Presentation
17 slides from Bumi Armada Bhd's earnings presentation, May 21, 2026
Slide 1: Bumi Armada Berhad Financial Results Q1 2026
Bumi Armada Berhad Financial Results Q1 2026 21 May 2026
Slide 2: Q1 2026 Health, Safety & Environment
Q1 2026 Health, Safety & Environment Armada Sterling FSU Armada LNG Mediterrana 12 years LTI free 9 years LTI free Armada Sterling II Armada Kraken 11 years LTI free 4 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 94.41% Armada TGT • New well in production in January. • Flash gas compressor returned to service. • 500th cargo offtake on 24th February. Armada Kraken • Single train production early January • Two process plant trips in February. • Development of diesel fuel reduction plan. Arma
Slide 4: Uptime JV Units
Uptime JV Units 100% Armada Sterling II (C7) • Completed compressor major overhaul. Karapan Armada Sterling III • Completed planned shutdown. • Gas turbine generator engine exchange completed. Armada Sterling V • Gas turbine generator maintenance completed. Armada Sterling (D1) • Steel renewal in ca
Slide 5: Q1 2026 New Ventures Update
Q1 2026 New Ventures Update Active tenders/bids • Bumi Armada announced as a winner of Jalu PSC in Indonesia on 9 March 2026 . Expected PSC signing in May 2026. • FPSO FEED completed in April 2026. 5
Slide 6: Corporate Social Responsibility
Corporate Social Responsibility PT Armada Gema Nusantara (AGN) organised a comprehensive Basic Life Support (BLS) and Practical First Aid workshop in collaboration with Spazio Office Building and Spazio Tower and was attended by approximately 60 representatives from various tenants. This initiative
Slide 7: Q1 2026 Financial Performance
Q1 2026 Financial Performance 7
Slide 8: Q1 2026 Financial Highlights (vs Q4 2025)
Q1 2026 Financial Highlights (vs Q4 2025) -12% RM307m (RM347m) -48% RM42m (RM81m) Revenue ** Profit for the financial period ** Adjusted revenue would be RM395m if Armada Olombendo FPSO and Malta FSU finance lease revenue was substituted with BBC billings instead. The Group’s Key Financial Focus Are
Slide 9: Results Overview – Q1 2026 vs. Q4 2025
Results Overview – Q1 2026 vs. Q4 2025 RM'm Q4 2025 Q1 2026 Material changes Q1 2026 vs Q4 2025 Revenue 347.1 306.6 Revenue due to recognition of compensation Operating expenses (255.7) (251.5) payable to the charterer of Armada Kraken FPSO upon Forex loss (13.2) (3.2) confirmation of 3rd annual cha
Slide 10: Net Profit to Operating Cash Flows – Q1 2026
Net Profit to Operating Cash Flows – Q1 2026 (All amounts shown are in RM’m) Q1 2026 Net profit to Net Cash Flows from Operating Activities 117 40 5 192 59 34 110 43 42 Net profit Finance costs Depreciation Others Operating profit Favorable Interest and net Dividends Net cash flows and taxation befo
Slide 11: Cash Movement – Q1 2026
Cash Movement – Q1 2026 (All amounts shown are in RM’m) Cash balance - Q1 2026 117 336 109 5 11 1,316 41 6 1,175 1 Jan 2026 Operating surplus Dividends Interest received Net change Repayment of Interest paid Currency translation 31 Mar 2026 Cash balance before net change received from joint in worki
Slide 12: Leverage Reducing Over Time
Leverage Reducing Over Time Debt Cash stood at Net Debt Cash ~ RM1.2 Billion (in RM’mil) Debt Repayment in Q1-26 902 1,214 amounted to 1,100 1,427 1,424 US$85 Million 1,415 1,256 3,392 1,316 2,773 1,175 2,538 2,257 2,083 1,647 1,473 Fully repaid Karapan Armada 1,061 849 Sterling III project finance
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 1.3 Operations Others 17.0 8.7 3.7 0.9 2.7 3.9 4.5 634.2 5.2 345.2 561.9 543.1 315.1 321.4 529.2 260.7 473.0 248.4 404.4 356.8 342.6 301.4 135.1 146.0 117.2 67.2 Q
Slide 14: Vessel Order Book as of 31 Mar 2026
Vessel Order Book as of 31 Mar 2026 ➢ 73% vessel order book from Vessel Order book as at 31 Mar 2026 wholly-owned FPO units Firm contract RM4.7 bil RM2.8 bil ➢ Robust firm vessel order book of period order book RM7.5b Optional extension RM7.0 bil RM1.6 bil period order book ➢ Certain contracts conta
Slide 15: 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: Safety Maintain LTI free for all assets. Sustain solid financial performance driven by Performance operational excellence. Expand our cor
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