Hibiscus Petroleum Bhd Reports Strong Financial Performance for FY2026

Hibiscus Petroleum Bhd, a Kuala Lumpur‑based independent oil and gas exploration and production company, announced its financial results for the year ended 30 June 2026. The company recorded a net profit of RM361.27 million, more than three times the earnings of RM117.5 million reported in FY2025. Revenue for the full year increased slightly to RM2.34 billion, compared with RM2.33 billion in FY2025.

Quarter‑on‑Quarter Highlights

  • Fourth‑quarter net profit rose 155.6 % to RM190.72 million from RM74.61 million in the same period a year earlier, driven by higher realised crude oil and condensate prices and contributions from the Brunei assets acquired late in the year.
  • Revenue for Q4 increased 34.5 % to RM846.46 million from RM629.51 million a year ago.
  • Operating performance remained solid across the company’s Malaysian assets, with the 35 % interest in the PM3 Commercial Arrangement Area (PM3 CAA) production‑sharing contract contributing RM264.3 million—roughly a third of group revenue in the quarter.
  • Average realised prices were US$133.35 (RM537.25) per barrel for crude oil and US$7.48 per thousand standard cubic feet for gas.
  • The company sold 2.5 million barrels of oil equivalent (MMboe) in Q4, comprising 1.4 MMbbls of crude oil and condensate and 6,965 million standard cubic feet of gas.
  • Net production averaged 26,769 barrels of oil equivalent per day.

Dividend Announcement

Hibiscus Petroleum declared its highest full‑year dividend to date, paying 10.0 sen per share for FY2026. The dividend consists of:

  • A fourth interim single‑tier dividend of 2.0 sen per share.
  • A proposed final single‑tier dividend of 1.0 sen per share, pending shareholder approval at the upcoming annual general meeting.

The 10 sen payout yields an approximate dividend yield of 5 %, reflecting the company’s robust profitability.

Production Outlook

The group is progressing toward its 2026 mission net‑production target of 35 kboe day‑1 by the end of the year. This objective is supported by the Brunei LPC project, which drove a production growth of more than 50 % quarter‑on‑quarter, and the first oil production from the Teal We project.

Market Position

  • Market Capitalisation: MYR 1.5 billion.
  • Price‑Earnings Ratio: 6.22.
  • Share Price (26 Aug 2026): MYR 2.08.
  • 52‑Week High/Low: MYR 2.46 / MYR 1.40.

The company’s results demonstrate resilience amid volatile commodity prices, with strong earnings, dividend returns, and a clear trajectory toward enhanced production and profitability.