Deleum pre-tax profit rises 17.8% to RM64.5 million in 1H25
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Stronger segmental performance and regional expansion drive positive momentum in 1H25
Kuala Lumpur, Malaysia, 21 August 2025 – Leading oil & gas (O&G) services provider Deleum Berhad (Deleum, the Group, 迪隆, Bloomberg: DLUM MK) reported a higher pre-tax profit of RM64.5 million for the six months ended 30 June 2025 (1H25), marking a 17.8% increase from RM54.8 million in the same period last year. This growth was underpinned by stronger performance across both its business segments.
Group revenue for 1H25, grew 7.5% year-on-year to RM416.3 million from RM387.3 million previously, driven largely by the contributions from the Oilfield Integrated Services segment (OIS). Net profit edged up to RM32.0 million in 1H25, slightly above RM31.6 million last year.
The Power and Machinery (P&M) segment continued to be Deleum’s largest revenue contributor, while the OIS segment sustained its growth trajectory, reinforcing the Group’s diversified earnings base. A key highlight in 2Q25 was the successful completion of Deleum’s acquisition of PT OSA Industries Indonesia (OSAII), which has begun contributing to the Group’s top line.
"We delivered a resilient performance in 1H25 by remaining focused on our core operations and disciplined execution across both business segments. Notably, the OIS segment recorded strong growth, reflecting the positive impact of our restructuring and transformation initiatives. We also made strategic headway in strengthening our regional footprint. Our recent acquisition in Indonesia has begun contributing to the Group's revenue. This development reflects our commitment to sustainable growth and reinforce our vision of positioning Deleum as a competitive force in the Southeast Asian oil and gas landscape."
Rao Abdullah
Group Chief Executive Officer, Deleum
In 2Q25, Deleum’s revenue rose to RM236.9 million, a slight increase from RM225.9 million in the corresponding quarter of 2024, supported by higher contributions from the OIS segment. Pre-tax profit, however, eased 3.4% to RM36.3 million from RM37.5 million, while net profit declined 12.5% year-on-year to RM19.6 million from RM22.4 million.
Power and Machinery (P&M) Segment
Revenue from the P&M segment declined 6.9% year-on-year to RM164.5 million in 2Q25, from RM176.6 million previously, mainly due to lower contributions from the sale of exchange engines, commission income from mechanical and processes business, turbines parts and repairs sales. As a result, the segment’s profit before tax (PBT) fell 8.6% to RM27.9 million from RM30.6 million in the previous year.
For 1H25, the P&M segment recorded revenue of RM297.1 million and PBT of RM56.4 million, compared to RM306.1 million and RM52.4 million respectively in the previous period.
Oilfield Integrated Services (OIS) Segment
The OIS segment delivered a strong performance in 2Q25, with revenue rising 46.9% to RM72.2 million, from RM49.1 million in 2Q24. The increase was spurred by higher business activities from the Maintenance, Construction, and Modification (MCM) projects, along with stronger contributions from specialty chemicals and well stimulation activities. Accordingly, PBT grew 38.7% to RM 9.6 million from RM6.9 million in the previous year.
The OIS segment’s revenue for 1H25 surged 46.8% to RM118.8 million, up from RM80.9 million in the prior year. PBT more than tripled to RM11.5 million in 1H25 from RM3.5 million previously.
As at 30 June 2025, the Group maintained a strong net cash position, with cash and bank balances of RM181.3 million, alongside an investment securities fund of RM58.8 million and minimal borrowings of RM41.5 million. Shareholders’ equity increased to RM473.8 million as at 30 June 2025, from RM463.0 million at the end of 2024.
The combined orderbook for both segments stood at RM1.5 billion as at 30 June 2025.
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About Deleum Berhad (https://www.deleum.com/)
Deleum Berhad is an investment holding company and through its subsidiaries, provides a diverse range of supporting specialised products and services to the oil and gas industry, particularly in the exploration and production sector. Its range of products and services is distinguished according to its two core business segments – Power and Machinery and Oilfield Integrated Services. Deleum is listed on the Main Market of Bursa Malaysia.
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