PETRONAS DAGANGAN BERHAD QUARTERLY REPORT
FOR FIRST QUARTER ENDED 31 MARCH 2025
The Board of Directors of PETRONAS Dagangan Berhad ("PDB" or the "Company") is pleased to announce the following Unaudited Condensed Consolidated Financial Statements for PDB Group for the first quarter ended 31 March 2025 which should be read in conjunction with the accompanying explanatory notes on pages 6 to 16.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Note
Individual quarter ended
31 March
In RM'000 | 2025 | 2024 | ||
Revenue | B1 | 9,093,005 | 9,393,126 | |
Operating profit | 407,362 | 343,155 | ||
Finance costs | (3,497) | (2,333) | ||
Share of profit/(loss) after tax of equity accounted | ||||
associates and joint ventures | 5,286 | (14,051) | ||
Profit before taxation | B1 | 409,151 | 326,771 | |
Taxation | B4 | (108,089) | (93,870) | |
Profit attributable to:
Shareholders of the Company | 293,504 | 226,041 |
Non-controlling interests | 7,558 | 6,860 |
Earnings per ordinary share - basic (sen) B11 29.5 22.8
The Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the accompanying explanatory notes attached to these Condensed Consolidated Financial Statements.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31 March | As at 31 December | |||
In RM'000 | Note | 2025 | 2024 | |
ASSETS | ||||
Property, plant and equipment | 4,060,517 | 3,995,256 | ||
Investments in associates | 1,904 | 2,339 | ||
Investments in joint ventures | 60,850 | 55,630 | ||
TOTAL NON-CURRENT ASSETS | 4,123,271 | 4,053,225 | ||
Trade and other inventories | 166,433 | 168,533 | ||
Trade and other receivables | 2,917,454 | 4,763,460 | ||
Cash and cash equivalents | 3,706,898 | 2,114,078 | ||
6,790,785 | 7,046,071 | |||
Assets classified as held for sale | 16,384 | 16,384 | ||
TOTAL CURRENT ASSETS | 6,807,169 | 7,062,455 | ||
TOTAL ASSETS | B1 | 10,930,440 | 11,115,680 | |
EQUITY | ||||
Share capital | 993,454 | 993,454 | ||
Reserves | 4,823,849 | 4,977,399 | ||
Total Equity Attributable to Shareholders of the Company | 5,817,303 | 5,970,853 | ||
Non-controlling interests | 105,885 | 98,327 | ||
TOTAL EQUITY | B1 | 5,923,188 | 6,069,180 | |
LIABILITIES | ||||
Borrowings | B6 | 144,091 | 95,204 | |
Deferred tax liabilities | 78,146 | 72,741 | ||
Other long-term liabilities and provisions | 45,354 | 45,354 | ||
TOTAL NON-CURRENT LIABILITIES | 267,591 | 213,299 | ||
Trade and other payables | 4,559,043 | 4,732,328 | ||
Borrowings | B6 | 73,789 | 12,758 | |
Taxation | 106,829 | 88,115 | ||
TOTAL CURRENT LIABILITIES | 4,739,661 | 4,833,201 | ||
TOTAL LIABILITIES | B1 | 5,007,252 | 5,046,500 | |
TOTAL EQUITY AND LIABILITIES | 10,930,440 | 11,115,680 | ||
Net assets per share attributable to ordinary equity holders of the
Parent (RM) 5.86 6.01
The Unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the accompanying explanatory notes attached to the Condensed Consolidated Financial Statements.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Attributable to shareholders of the Company Non-distributable Distributable
Non-
In RM'000
Share Capital
Capital Reserves
Retained
Profits Total
controlling Interests
Total Equity
At 1 January 2025 993,454 (305) 4,977,704 5,970,853 98,327 6,069,180
- - 293,504 293,504 7,558 301,062
Profit for the period
Total comprehensive income for theperiod | - | - | 293,504 | 293,504 | 7,558 | 301,062 |
Dividends paid | - | - | (447,054) | (447,054) | - | (447,054) |
At 31 March 2025 | 993,454 | (305) | 4,824,154 | 5,817,303 | 105,885 | 5,923,188 |
At 1 January 2024 | 993,454 | (305) | 4,775,250 | 5,768,399 | 68,323 | 5,836,722 |
Profit for the period | - | - | 226,041 | 226,041 | 6,860 | 232,901 |
Total comprehensive income for the | ||||||
period | - | - | 226,041 | 226,041 | 6,860 | 232,901 |
Dividends paid | - | - | (268,233) | (268,233) | - | (268,233) |
At 31 March 2024 | 993,454 | (305) | 4,733,058 | 5,726,207 | 75,183 | 5,801,390 |
The Unaudited Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying explanatory notes attached to these Condensed Consolidated Financial Statements.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Individual quarter ended
31 March
In RM'000 | Note | 2025 | 2024 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Profit before taxation | 409,151 | 326,771 | ||
Adjustments for: | ||||
Depreciation of property, plant and equipment | 125,599 | 113,575 | ||
Amortisation of intangible asset | - | 97 | ||
Net impairment losses on trade and other receivables | 205 | 508 | ||
Bad debts written off | 1 | 13 | ||
Share of (profit)/loss after tax of equity accounted associates and joint | ||||
ventures | (5,286) | 14,051 | ||
Net unrealised (gain)/loss on foreign exchange | (283) | 1,530 | ||
Net gain on disposal of property, plant and equipment | (52) | (46) | ||
Inventories written down to net realisable value ("NRV") | 1,386 | - | ||
Property, plant and equipment expensed off | 115 | 401 | ||
Interest income | (40,231) | (28,372) | ||
Finance costs | 3,497 | 2,333 | ||
Operating profit before changes in working capital | 494,102 | 430,861 | ||
Trade and other inventories | 714 | (47,763) | ||
Trade and other receivables | 1,845,800 | 1,068,485 | ||
Trade and other payables | (172,503) | 133,510 | ||
Cash generated from operations | 2,168,113 | 1,585,093 | ||
Taxation paid | (83,970) | (19,271) | ||
Net cash generated from operating activities | B1 | 2,084,143 | 1,565,822 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Interest income | 40,231 | 28,372 | ||
Purchase of property, plant and equipment | (62,418) | (61,921) | ||
Proceeds from disposal of property, plant and equipment | 68 | 46 | ||
Net cash used in investing activities | B1 | (22,119) | (33,503) | |
continue to next page
The Unaudited Condensed Consolidated Statement of Cash Flows should be read in conjunction with the accompanying explanatory notes attached to the Condensed Consolidated Financial Statements.
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (continued)
Individual quarter ended
31 March
In RM'000 | Note | 2025 | 2024 | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Dividends paid | (447,054) | (268,233) | ||
Payment of lease liabilities | B6 | (18,653) | (13,437) | |
Profit margin paid on Sukuk facilities | B6 | - | (9) | |
Interest paid on lease liabilities | B6 | (3,497) | (2,324) | |
Net cash used in financing activities | B1 | (469,204) | (284,003) | |
Net increase in cash and cash equivalents | 1,592,820 | 1,248,316 | ||
Increase in cash and cash equivalents restricted | (10,897) | (20,802) | ||
Cash and cash equivalents at beginning of the period | 2,048,299 | 1,478,837 | ||
Cash and cash equivalents at end of the period | 3,630,222 | 2,706,351 | ||
Cash and cash equivalents Cash and bank balances | 3,706,898 | 2,755,369 | ||
Less: Cash and cash equivalents restricted | (76,676) | (49,018) | ||
3,630,222 | 2,706,351 |
continued from previous page
The Unaudited Condensed Consolidated Statement of Cash Flows should be read in conjunction with the accompanying explanatory notes attached to the Condensed Consolidated Financial Statements.
PART A - EXPLANATORY NOTES PURSUANT TO MFRS 134
A1 BASIS OF PREPARATIONThe condensed financial statements have been prepared using historical cost basis except for certain financial assets and financial liabilities that are stated at fair value.
The condensed financial statements are unaudited and have been prepared in accordance with IAS 34 Interim Financial Reporting, MFRS 134 Interim Financial Reporting and paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. They should be read in conjunction with the Audited Financial Statements and the accompanying notes for the year ended 31 December 2024. The explanatory notes attached to these condensed consolidated financial statements provide an explanation of events and transactions that are significant to the understanding of the changes in the financial position and performance of the Group since the year ended 31 December 2024.
Within the context of these financial statements, the Group comprises the Company and its subsidiaries, and the Group's interest in its associates and its joint ventures as at and for the quarter ended 31 March 2025.
A2 MATERIAL ACCOUNTING POLICIESThe financial information presented herein has been prepared in accordance with the accounting policies to be used in preparing the annual consolidated financial statements for 31 December 2025 under the MFRS framework. These policies do not differ significantly from those used in the audited consolidated financial statements for the year ended 31 December 2024 except as disclosed below.
During the financial period, the Group has adopted the following Amendments to MFRSs ("pronouncements") that have been issued by the Malaysian Accounting Standards Board ("MASB").
Effective for annual periods beginning on or after 1 January 2025
Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates- Lack of Exchangeability
The initial application of the above pronouncement is not expected to have material impact to the consolidated financial statements of the Group.
A3 AUDIT REPORT OF PRECEDING ANNUAL FINANCIAL STATEMENTSThe audited financial statements of the Group for the year ended 31 December 2024 were not subject to any audit qualification.
A4 SEASONAL OR CYCLICAL FACTORSThe Group's operations in relation to sales volume are not significantly affected by seasonal or cyclical fluctuations of the business/industry.
A5 EXCEPTIONAL ITEMSThere were no exceptional items during the period under review.
A6 MATERIAL CHANGES IN ACCOUNTING ESTIMATESThere were no material changes in estimates of the amounts reported in the most recent annual financial statements of the Group for the year ended 31 December 2024 that may have a material effect on the results of the period under review.
PART A - EXPLANATORY NOTES PURSUANT TO MFRS 134 (continued)
A7 CAPITAL COMMITMENTSCapital expenditures which have not been provided for at the end of each reporting period are as follows:
As at As at
In RM'000
31 March
2025
31 December
2024
Approved and contracted for 102,867 68,579
Approved but not contracted for 267,050 365,754
369,917 434,333 A8 BORROWINGS AND DEBT SECURITIESThere were no material issuance, cancellations, repurchases, resale and repayments of borrowings and debt
securities for the period under review, except as disclosed in B6. | ||||
A9 | DIVIDENDS PAID | |||
During the period under review, the following dividend payments were made: | ||||
As at 31 March | As at 31 March | |||
In RM'000 | 2025 | 2024 | ||
2023 | ||||
Quarter 4: interim dividend of 27 sen per ordinary share | - | 268,233 | ||
2024 | ||||
Quarter 4: interim dividend of 25 sen per ordinary share | 248,363 | - | ||
Quarter 4: special dividend of 20 sen per ordinary share | 198,691 | - | ||
447,054 | 268,233 | |||
A10 | OPERATING SEGMENTS | |||
The Group's reportable operating segments comprise Retail, Commercial and Convenience Businesses. Each reportable segment offers different services and requires different marketing strategies.
For each of the reportable segments, the Group's chief operating decision maker which is the Board of Directors of the Company, reviews internal management reports at least on a quarterly basis.
Retail - consists of sales and purchases of petroleum products to the retail sector.
Commercial - consists of sales and purchases of petroleum products and provision of services to the commercial sector.
Convenience - comprises mainly non-fuel business activities.
Revenues derived from petroleum products are predominantly sold to the retail and commercial sectors in Malaysia which have been disclosed in the Operating Segment. In this respect, no further disaggregation of revenue is presented.
PART A - EXPLANATORY NOTES PURSUANT TO MFRS 134 (continued)
A10 OPERATING SEGMENTS (continued)Results for the quarter ended 31 March
In RM'000 2025
Business Segments | Retail | Commercial | Convenience | Group |
Revenue | 4,716,000 | 4,312,709 | 64,296 | 9,093,005 |
Depreciation and amortisation | 98,989 | 20,630 | 5,980 | 125,599 |
Other income | 45,116 | 26,388 | 1,086 | 72,590 |
Operating profit for reportable segments | 192,945 | 180,243 | 34,174 | 407,362 |
Finance costs | (1,463) | (1,992) | (42) | (3,497) |
Share of profit after tax of equity accounted associates and joint ventures | 5,286 | |||
Profit before taxation | 409,151 | |||
In RM'000 | 2024 | |||
Business Segments | Retail | Commercial | Convenience | Group |
Revenue | 5,051,076 | 4,277,032 | 65,018 | 9,393,126 |
Depreciation and amortisation | 92,747 | 15,463 | 5,462 | 113,672 |
Other income | 40,146 | 17,365 | 1,382 | 58,893 |
Operating profit for reportable segments | 198,053 | 120,654 | 24,448 | 343,155 |
Finance costs | (547) | (1,723) | (63) | (2,333) |
Share of loss after tax of equity accounted
associates and joint ventures (14,051)
Profit before taxation 326,771
A11 VALUATIONS OF PROPERTY, PLANT AND EQUIPMENTProperty, plant and equipment except for freehold land are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Freehold land is stated at cost less accumulated impairment losses, if any.
A12 SUBSEQUENT EVENTOn 9 May 2025, PETRONAS Dagangan Berhad, via its wholly owned subsidiary, PDB Growth Solutions Sdn. Bhd. entered into a strategic joint venture with Blueshark Ecosystem Sdn. Bhd. to form Blueshark Malaysia Sdn. Bhd., aimed at advancing the distribution and adoption of electric two-wheelers and related energy solutions in Malaysia, further supporting the country's low-carbon mobility agenda.
A13 CHANGES IN THE COMPOSITION OF THE GROUPThere were no changes in the composition of the Group during the period under review.
A14 RELATED PARTY TRANSACTIONSThere were no new significant transactions with related party in addition to the related party transactions disclosed in the audited financial statements for the year ended 31 December 2024.
A15 DISCONTINUED OPERATIONSThere were no discontinued operations in the Group during the period under review.
PART A - EXPLANATORY NOTES PURSUANT TO MFRS 134 (continued)
A16 FAIR VALUE INFORMATIONThe carrying amounts of cash and cash equivalents and short-term receivables and payables reasonably approximate their fair values due to the relatively short-term nature of these financial instruments.
Fair values are categorised into different levels in a fair value hierarchy based on the input used in the valuation technique as follows:
Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 - Input other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
Level 3 - Inputs for the asset or liability that are not based on observable market data (unobservable input).
The fair value of an asset to be transferred between levels is determined as of the date of the event or change in circumstances that caused the transfer.
Fair value, which is determined for disclosure purposes, is calculated based on the present value of future principal and interest cash flows, discounted at the prevailing rate of interest charged on the respective loans at the end of the reporting period.
As at the end of the reporting period, there were no financial instruments carried at fair value.
PART B - EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENT OF BURSA MALAYSIA SECURITIES BERHAD
The Group recorded Profit Before Taxation ("PBT") of RM409.2 million for the quarter, higher against Q1 2024 and Q4 2024 by 25% and 13% respectively. The higher profitability was mainly driven by lower expenditure across all segments, coupled with marginal improvements on gross profit. This was further supported by favourable price trends for Commercial segment.
Total volume was slightly lower against both Q1 2024 and Q4 2024. Retail segment recorded lower volume from Mogas and Diesel as a result of the shift towards cautious consumer spending during festive period in the quarter under review. However, Commercial segment continued to capitalise on the higher demand for Jet A1, softening the overall reduction on total volume.
Performance of the current quarter against the corresponding quarter last year
Retail | Quarter ended Commercial | Convenience | |||||||
In RM' Mil | Mar | Mar | Var | Mar Mar | Var | Mar Mar | Var | ||
2025 | 2024 | % | 2025 2024 | % | 2025 2024 | % | |||
Revenue | 4,716.0 | 5,051.1 | (7) | 4,312.7 4,277.0 | 1 | 64.3 65.0 | (1) | ||
Profit before taxation | 191.5 | 197.5 | (3) | 178.3 | 118.9 | 50 | 34.1 | 24.4 | 40 |
Quarter ended
Group
In RM' Mil | Mar 2025 | Mar 2024 | Var % |
Revenue | 9,093.0 | 9,393.1 | (3) |
Profit before taxation | 409.2 | 326.8 | 25 |
Group
The Group's revenue for the quarter decreased by RM300.1 million mainly attributed to drop in sales volume by 2% and lower average selling prices by 1%.
The Group recorded a PBT of RM409.2 million, an increase of RM82.4 million or 25% contributed by lower expenditure and higher other income.
Retail Segment
Retail segment revenue decreased by RM335.1 million or 7%, mainly owing to reduction in sales volume by 11% mainly from Diesel, negated by higher average selling prices by 5%.
PBT recorded for the quarter was RM191.5 million, a decrease of RM6.0 million or 3% against the corresponding quarter last year, attributable to lower gross profit from reduced demand for Diesel and Mogas offset by reduction in expenditure.
Commercial Segment
Commercial segment recorded an increase in revenue of RM35.7 million or 1% bolstered by higher sales volume by 13% mainly contributed by Jet A1 and Diesel offset by lower average selling prices of 11%.
PBT of RM178.3 million was recorded for the quarter, improved by RM59.4 million or 50% against the corresponding quarter last year due to higher gross profit for Diesel and Jet A1 driven by positive market environment and improved demand as well as lower expenditure.
PART B - EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENT OF BURSA MALAYSIA SECURITIES BERHAD (continued)
Performance of the current quarter against the corresponding quarter last year (continued)
Convenience Segment
Revenue recorded for the quarter was RM64.3 million which is comparable with Q1 2024.
PBT recorded for the quarter was RM34.1 million, an increase of RM9.7 million or 40% against the corresponding quarter last year contributed by lower expenditure.
Variation of results against preceding quarter
Individual quarter ended
Group
In RM' Mil | Mar 2025 | Dec 2024 | Var % |
Revenue | 9,093.0 | 8,992.7 | 1 |
Profit before taxation | 409.2 | 361.8 | 13 |
Revenue for the Group increased by RM100.3 million or 1% as compared to the preceding quarter mainly contributed by higher average selling prices by 3% despite lower sales volume of 2%.
The Group recorded PBT of RM409.2 million for the quarter, higher by RM47.4 million or 13% driven by lower expenditure and comparable gross profit.
c) Highlight on Consolidated Statement of Financial Position | ||||
As at | As at | |||
In RM'000 | 31 March 2025 | 31 December 2024 | Variance (%) | |
Total assets | 10,930,440 | 11,115,680 | (2) | |
Total equity | 5,923,188 | 6,069,180 | (2) | |
Total liabilities | 5,007,252 | 5,046,500 | (1) | |
Return on equity (%) | 20.7 | 18.7 | 11 | |
Total assets recorded at RM10,930.4 million, a decrease by RM185.2 million or 2% mainly attributed to reduction in trade and other receivables. This was offset by higher cash and cash equivalents.
Total liabilities decreased by RM39.2 million or 1%, mainly contributed by lower trade and other payables.
PART B - EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENT OF BURSA MALAYSIA SECURITIES BERHAD (continued)
d) Highlight on Consolidated Statement of Cash Flows
Individual quarter ended
31 March Variance
In RM'000 | 2025 | 2024 | (%) | |
Net cash generated from operating activities | 2,084,143 | 1,565,822 | 33 | |
Net cash used in investing activities | (22,119) | (33,503) | (34) | |
Net cash used in financing activities | (469,204) | (284,003) | 65 |
Net cash generated from operating activities was higher by RM518.3 million mainly due to lower purchase cost offset by decrease in subsidy receivables.
Net cash used in investing activities was lower by RM11.4 million following higher interest income earned during the period.
Net cash used in financing activities was higher by RM185.2 million in line with higher dividends paid during the period.
B2 COMMENTARY ON PROSPECTSThe ongoing global uncertainties still remain, however, the Group will continue to monitor potential indirect effects, particularly inflationary pressures towards its supply chain. Amid this backdrop, the economic environment is expected to be resilient. This positions the Group to sustain its growth, anchored by steady consumer spending and robust investment activity.
Backed by solid fundamentals, the Group remains agile in navigating evolving market demands by streamlining core strategies and executing effective cost optimisation. Through enhanced customer engagement and a responsive approach to market shifts, the Group is committed to sustaining competitiveness in its core and Convenience businesses, advancing its long-term progress.
B3 PROFIT FORECAST OR PROFIT GUARANTEEThe Group does not publish any profit forecast or profit guarantee.
B4 TAX EXPENSETax expense comprises the following:
In RM'000
Current tax expenses
Current period tax
Deferred tax expenses
Origination and reversal of temporary differences
Individual quarter ended
2025 | 2024 | |
102,685 | 86,632 | |
5,404 | 7,238 | |
108,089 | 93,870 |
31 March
The effective tax rate for quarter ended 31 March 2025 was 26%, higher than the statutory tax rate mainly resulting from higher non-deductible expenses.
PART B - EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENT OF BURSA MALAYSIA SECURITIES BERHAD (continued)
There were no corporate proposals announced as at the date of this report.
B6 BORROWINGSParticulars of the Group's borrowings are as follows:
As at
31 March
As at
31 December
In RM'000
2025
2024
Non-Current
Secured
Lease liabilities
144,091
95,204
Current
Secured
Lease liabilities
73,789
12,758
217,880
107,962
As at
As at
In RM'000
31 March
2025
31 December
2024
By Currency
RM
105,035
105,976
USD
112,845
1,986
217,880
107,962
The lease liabilities bear interests at rates ranging from 3.51% to 8.43% (2024: 3.41% to 8.43%) per annum.
Reconciliation of borrowings arising from financing activities:
Cash flows Non-cash changes
As at 1 January | Net | Interest | As at 31 March | ||||||
In RM'000 | 2025 | repayment | expenses | Addition | Others | 2025 | |||
Lease liabilities | 107,962 | (18,653) | (3,497) | 128,533 | 3,535 | 217,880 |
There are no material litigations as at the date of this report.
B8 DERIVATIVE FINANCIAL INSTRUMENTSThe Group does not have any material derivative financial instruments since the last audited consolidated financial statements for the year ended 31 December 2024.
B9 FAIR VALUE CHANGES OF FINANCIAL LIABILITIESThe Group does not have any financial liabilities that are measured at fair value for the period under review.
PART B - EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENT OF BURSA MALAYSIA SECURITIES BERHAD (continued)
The Board has declared an interim dividend of 20 sen per ordinary share amounting to RM198,690,800 for the first quarter ended 31 March 2025, payable on 21 June 2025 (Quarter 1 2024: an interim dividend of 18 sen per ordinary share amounting to RM178,821,720).
NOTICE IS HEREBY GIVEN that the interim dividend will be payable on 21 June 2025 to depositors registered in the Records of Depositors at the close of the business on 11 June 2025. A depositor shall qualify for entitlement to the dividends only in respect of:
Shares transferred into Depositor's Securities Account before 4.00 pm on 11 June 2025 in respect of ordinary transfers.
Shares bought on the Bursa Malaysia Securities Berhad on a cum entitlement basis according to the rules of the Bursa Malaysia Securities Berhad.
Basic earnings per share is derived based on the profit attributable to shareholders of the Company and based on the number of ordinary shares outstanding as at 31 March 2025.
Individual quarter ended
31 March
2025 2024
Profit attributable to shareholders of the Company
(RM'000) 293,504 226,041
Number of ordinary shares ('000) 993,454 993,454
Earnings per ordinary share (sen) 29.5 22.8
As at the date of the statement of financial position, the Company does not have any instruments which may have dilutive impact on the basic earnings per share.
PART B - EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENT OF BURSA MALAYSIA SECURITIES BERHAD (continued)
B12 | TRADE RECEIVABLES | |||
As at 31 March | As at 31 December | |||
In RM'000 | 2025 | 2024 | ||
Trade receivables | ||||
- Third party | 1,449,151 | 1,435,645 | ||
- Related companies | 255,998 | 255,633 | ||
Less: | ||||
- Impairment loss: specific | (52,272) | (52,382) | ||
- Impairment loss: general | (3,634) | (3,316) | ||
1,649,243 | 1,635,580 | |||
At net | ||||
Not past due | 1,583,212 | 1,571,975 | ||
Past due 1 to 30 days | 21,554 | 11,386 | ||
Past due 31 to 60 days | 5,412 | 3,195 | ||
Past due 61 to 90 days | 6,979 | 2,242 | ||
Past due more than 90 days | 32,086 | 46,782 | ||
1,649,243 | 1,635,580 | |||
As at 31 March 2025, the maximum exposure to credit risk arising from trade receivables is represented by the carrying amounts in the statement of financial position.
PART B - EXPLANATORY NOTES PURSUANT TO APPENDIX 9B OF MAIN MARKET LISTING REQUIREMENT OF BURSA MALAYSIA SECURITIES BERHAD (continued)
Individual quarter ended
31 March
In RM'000 | 2025 | 2024 | |
Profit for the period is arrived at after charging: Depreciation and amortisation* | 125,599 | 113,672 | |
Net impairment losses on trade and other receivables | 205 | 508 | |
Net unrealised loss on foreign exchange | - | 1,530 | |
Inventories written down to NRV | 1,386 | - | |
Property, plant and equipment expensed off | 115 | 401 | |
Interest on lease liabilities | 3,497 | 2,324 | |
Bad debts written off | 1 | 13 | |
Profit margin on Sukuk facilities | - | 9 | |
and after crediting: Net gain on disposal of property, plant and equipment | 52 | 46 | |
Net unrealised gain on foreign exchange | 283 | - | |
Net realised gain on foreign exchange | 971 | 2,093 | |
Interest income | 40,231 | 28,372 | |
Income from rental of premises | 591 | 769 |
Other disclosure items pursuant to Appendix 9B Note 16 of the Listing Requirements of Bursa Malaysia Securities Berhad are not applicable.
*Includes depreciation on right-of-use assets
B14 AUTHORISED FOR ISSUEThis quarterly report was authorised for issue by the Board of Directors in accordance with a resolution of the Directors on 23 May 2025.
BY ORDER OF THE BOARD
Mek Yam @ Mariam Hassan (MAICSA 7030578) (SSM Practising Certificate No. 201908000788) Norhashema Saleh (MAICSA 7021781) (SSM Practising Certificate No. 202308000073) Company Secretaries
Kuala Lumpur 23 May 2025