Investor relations
Disciplined capital, dependable returns
We invest to keep our core businesses competitive, fund the energy transition from our own cash flow, and return a growing share of earnings to shareholders.
- Production
- 412kboe/d+2.2% on FY2024 · FY2025 average
- Revenue
- 42.4RM bn+7.1% on FY2024 · FY2025
- Dividend per share
- 18sen54% payout · FY2025, interim and final
- Emissions intensity
- 14.2kg CO2e/boe-0.6 on FY2024 · Upstream operated, Scope 1 and 2
Financial performance
Five-year summary
| Year ended 31 Dec | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue RM bn | 31.2 | 44.8 | 41.1 | 39.6 | 42.4 |
| EBITDA RM bn | 11.4 | 18.6 | 15.9 | 15.2 | 16.8 |
| Net profit attributable RM bn | 3.9 | 7.6 | 6.0 | 5.6 | 6.3 |
| Cash flow from operations RM bn | 10.6 | 14.9 | 14.2 | 14.3 | 15.4 |
| Capital expenditure RM bn | 6.5 | 7.7 | 7.8 | 8.2 | 8.5 |
| Free cash flow RM bn | 4.1 | 7.2 | 6.4 | 6.1 | 6.9 |
| Production kboe/d | 368 | 381 | 394 | 403 | 412 |
| Earnings per share sen | 20.7 | 40.3 | 31.8 | 29.7 | 33.4 |
| Dividend per share sen | 12 | 16 | 15 | 16 | 18 |
FY2025 revenue
RM 42.4bn
+8.0% a year since 2021
2026
Quarterly results
Production guidance for 2026 is 400 to 415 thousand barrels of oil equivalent a day, and capital expenditure RM 8.5 billion to RM 9.0 billion.
| Quarter | Revenue, RM bn | EBITDA, RM bn | Net profit, RM bn | Production, kboe/d |
|---|---|---|---|---|
| Q1 2026 | 10.9 | 4.3 | 1.6 | 415 |
| Q2 2026 | 10.6 | 4.1 | 1.5 | 409 |
| Q3 2026 | Results on 20 November 2026 | |||
Balance sheet
Key ratios
- Net debt to EBITDA
- 0.3xNet debt RM 5.0 bn
- Gearing
- 7.9%Net debt to net debt plus equity
- Return on average capital employed
- 11.2%FY2025
- Dividend payout
- 54%Of FY2025 earnings per share
- Earnings per share
- 33.4 senFY2025, basic
- Cash and equivalents
- RM 7.6 bnAt 31 December 2025
Funding
Debt and sukuk
Gross debt of RM 12.6 billion at 31 December 2025, with a balanced maturity profile and a mix of conventional and Islamic financing. Our RM 3.0 billion revolving credit facility, refinanced in June 2026, is undrawn.
| Instrument | Type | Coupon | Maturity | Amount |
|---|---|---|---|---|
| US$1.0 bn senior notes | Conventional | 4.25% | 2028 | RM 4.4 bn |
| Islamic medium term notes | Sukuk | 3.90% | 2031 | RM 3.0 bn |
| Islamic medium term notes | Sukuk | 4.10% | 2034 | RM 2.5 bn |
| Tanjung Api project financing | Amortising loan | Floating | 2032 | RM 2.7 bn |
| Revolving credit facility | Undrawn | Floating | 2031 | RM 3.0 bn |
Shareholder returns
Dividend history
Our policy is to pay out 40 to 60 percent of earnings per share as dividends, in an interim and a final payment, while keeping net debt below one times EBITDA through the cycle.
| Financial year | Interim, sen | Final, sen | Total, sen | Payout | Cash, RM bn |
|---|---|---|---|---|---|
| 2025 | 8 | 10 | 18 | 54% | 3.4 |
| 2024 | 7 | 9 | 16 | 54% | 3.0 |
| 2023 | 7 | 8 | 15 | 47% | 2.8 |
| 2022 | 7 | 9 | 16 | 40% | 3.0 |
| 2021 | 5 | 7 | 12 | 58% | 2.3 |
Library
Reports and presentations
| Document | Type | Published | Format | Summary |
|---|---|---|---|---|
| Annual Report 2025 | Annual report | 15 Apr 2026 | PDF, 18.4 MB | Read the release for Annual Report 2025 |
| Sustainability Report 2025 | Sustainability | 19 Aug 2026 | PDF, 9.7 MB | Read the release for Sustainability Report 2025 |
| Q2 2026 results presentation | Quarterly results | 27 Aug 2026 | PDF, 3.1 MB | Read the release for Q2 2026 results presentation |
| Q2 2026 financial statements | Quarterly results | 27 Aug 2026 | PDF, 1.2 MB | Read the release for Q2 2026 financial statements |
| Q1 2026 results presentation | Quarterly results | 27 May 2026 | PDF, 2.8 MB | Read the release for Q1 2026 results presentation |
| FY2025 results presentation | Annual results | 26 Feb 2026 | PDF, 3.6 MB | Read the release for FY2025 results presentation |
Dates
Financial calendar
Q3 2026 results and analyst call
FY2026 results
Annual Report 2026
Annual general meeting
Contact
Ask investor relations
Shareholders, bondholders and analysts can reach our investor relations team with questions about results, dividends, funding or sustainability data.
Email
investor.relations@haldrica.demoDemo addressTelephone
+60 3 0000 1948Demo number