- RM2.4 billion orderbook provides strong foundation for ongoing project execution and revenue conversion
- Declares first interim dividend of 3.50 sen per share, payable on 30 September 2026
Kuala Lumpur, Malaysia, 26 August 2026 – Leading oil & gas (O&G) services provider Deleum Berhad (Deleum, the Group, 迪隆, Bloomberg: DLUM MK) reported a pre-tax profit of RM33.6 million for the six months ended 30 June 2026 (1H26), performance reflecting the timing of customer activities and project execution, including maintenance deferments, operatorship transitions and shift in sales mix with higher contribution from lower margin sales across its two core business segments.
Group revenue stood at RM376.4 million in 1H26, compared with RM416.3 million in the corresponding period last year. The period saw changes in customer activity levels as major regional O&G operators underwent ownership transitions, which affected the timing of project execution and business activities across both the Power and Machinery (P&M) and Oilfield Integrated Services (OIS) segments.
For the second quarter ended 30 June 2026 (2Q26), Group revenue was RM191.5 million, while pre-tax profit and net profit stood at RM15.7 million and RM10.3 million, respectively, lower from RM36.3 million and RM19.6 million a year earlier.
The Group declared a first interim dividend of 3.50 sen per share, amounting to approximately RM14.05 million, payable on 30 September 2026.
Despite the softer operating performance in 1H26, Deleum maintained a strong financial position, supported by healthy liquidity and a net cash position providing the Group with financial flexibility to support ongoing capital commitments and operational requirements.
Deleum’s RM2.4 billion orderbook supports continued business execution amid evolving operating environment. The Group will continue to exercise prudent cost and resource management while pursuing opportunities arising from ongoing production optimisation, maintenance and asset enhancement activities.
“While operatorship transitions have temporarily affected activity levels, we expect conditions to progressively normalise as the handover processes advance. With our RM2.4 billion orderbook, strong financial position and established capabilities, Deleum remains focused on project execution and capturing opportunities arising from ongoing production optimisation, maintenance and asset enhancement activities.”
Rao Abdullah
Group Chief Executive Officer, Deleum
Power and Machinery (P&M) Segment
The P&M segment remained the Group’s largest revenue contributor, recording revenue of RM127.2 million in 2Q26 and RM263.7 million for 1H26. The segment’s 2Q26 performance reflected changes in sales mix with lower contribution from control and safety valve and flow regulator services, retrofit projects and field service representatives’ activities, commission income from the mechanical and process business, turbine parts and repairs, and exchange-engine delivery but mitigated by increased contribution from oil and gas projects commission income and PT OSA.
P&M pre-tax profit stood at RM15.1 million in 2Q26 and RM30.0 million for 1H26, compared with RM27.9 million and RM56.4 million, respectively, in the corresponding periods last year. The segment’s performance during the period was primarily influenced by the timing and mix of activities across its various service and product offerings as well as impact of foreign exchange fluctuations.
Oilfield Integrated Services (OIS) Segment
The OIS segment continued to contribute steadily to Group’s performance, recording revenue of RM64.1 million in 2Q26 and RM112.2 million for 1H26. The segment’s performance reflected lower activity levels across slickline services in East Malaysia, Maintenance, Construction and Modification (MCM) projects, as well as asset integrated solutions services in both East Malaysia and West Malaysia.
The OIS pre-tax profit stood at RM2.9 million in 2Q26 and RM7.4 million for 1H26, compared with RM9.6 million and RM11.5 million, respectively, in the corresponding periods last year.
As at 30 June 2026, the Group had total liquidity of RM262.1 million, comprising cash balances and investment securities, against total borrowings of RM56.8 million, which has placed Deleum in a strong net cash position. Shareholders’ equity stood at RM494.0 million.
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.