KUALA LUMPUR, Feb 20 (Bernama) -- PETRONAS Dagangan Berhad (PETRONAS Dagangan) today announced its financial results for the fourth quarter of 2024 (Q4 FY2024), demonstrating the effectiveness of its strategic focus on growth, operational excellence and customer-centricity. The Company closed the year with strong earnings growth.
For the quarter ended 31 December 2024, PETRONAS Dagangan delivered a 27 per cent surge in pre-tax profit for Q4 FY2024 against the corresponding quarter last year (Q4 FY2023), reaching RM361.8 million, driven by robust margins on the back of favourable market conditions and disciplined cost management. This solid performance underscores the Company’s focus on sustained profitability, supported by strategic portfolio optimisation and cost efficiencies, with both Retail and Commercial segments contributing to the overall results.
For the 12-month period, PETRONAS Dagangan achieved an all-time high annual sales volume of 16.8 billion litres. This contributed to an increase in revenue to RM38.0 billion, reflecting stronger overall demand despite lower average selling prices. With this momentum, PETRONAS Dagangan delivered a 15 per cent rise in pre-tax profit to RM1.5 billion. This achievement was fuelled by a combination of enhanced customer experience at PETRONAS stations, targeted promotional campaigns such as Bonanza 50 and data-driven marketing strategies, which highlighted the effectiveness of the Company’s customer engagement efforts.
PETRONAS Dagangan Managing Director and Chief Executive Officer Azrul Osman Rani said, “This year’s performance reaffirms the strength of our strategy execution. Despite a challenging environment, our ability to deliver sustained profitability reflects the robustness of our business model, the trust of our customers and disciplined approach in navigating market shifts. These results demonstrate how we continuously refine our playbook – staying agile, driving efficiencies and positioning ourselves for long-term value creation.”
Beyond delivering strong financial results, PETRONAS Dagangan remained committed to driving sustainability and enriching communities as part of its long-term strategy. Through its used cooking oil (UCO) initiative, the Company encouraged responsible waste management by enabling customers to trade UCO for cash incentives, reinforcing its commitment to social and environmental responsibility. Complementing its sustainability efforts, PETRONAS Dagangan also expanded its broader community support by providing relief aid during major flood disasters across Malaysia to support affected communities through crisis response efforts.
Looking ahead, PETRONAS Dagangan anticipates steady private consumption, accelerated implementation of national development plans and a more stable operating environment in 2025. However, global trade uncertainties and moderating oil prices could influence market conditions. Against this backdrop, the Company remains committed to strengthening its core and convenience segments by leveraging strategic initiatives and capitalising on market opportunities. PETRONAS Dagangan will also continue driving operational efficiencies and enhancing customer experience to reinforce its business fundamentals, while staying responsive to shifts in the regulatory and global landscapes.
Azrul added, “We are entering 2025 with a clear ambition to build on our momentum and stay ahead in a changing landscape. Our focus is on what truly matters – delivering value, deepening customer trust and making everyday life simpler and better. With the right fundamentals in place, we are ready to navigate challenges and drive the next phase of growth.”
PETRONAS Dagangan has declared an interim dividend of 25 sen per ordinary and a special dividend of 20 sen per ordinary share for the quarter ended 31 December 2024. For the financial year 2024, the Company has declared total dividend of 107 sen per ordinary share, which represents 100 per cent payout ratio.
ABOUT PETRONAS DAGANGAN BERHAD
PETRONAS Dagangan Berhad is the principal domestic marketing arm of Petroliam Nasional Berhad (PETRONAS), which holds 63.94 per cent of its equity. Incorporated in Malaysia under the Companies Act 1965 on 5 August 1982 and listed on the Main Board of Bursa Malaysia on 8 March 1994, PETRONAS DAGANGAN has since established itself as Malaysia’s leading retailer and marketer of downstream oil and gas products.
The Company markets a wide range of high-quality petroleum products including motor gasoline, aviation fuel, kerosene, diesel, fuel oil, bunker fuel, lubricants, liquefied natural gas (LNG) liquefied petroleum gas (LPG) and bitumen in Malaysia.
As part of its strategy to grow its non-fuel offerings, the Company has incorporated Mesra Retail & Café Sdn Bhd in 2021, which focuses on food and beverage (F&B) business.
Since 2015, PETRONAS DAGANGAN has been certified as a constituent company member of FTSE4Good Index Series – a testament to the Company’s commitment to strong environmental, social and governance practices measured against globally recognised standards.
SOURCE: PETRONAS DAGANGAN BERHAD
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Myra Liyana Razali
Tel: 03 – 2392 7252 | 012 – 689 0188
Email: myraliyana.razali@petronas.com.my
--BERNAMA
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