Deleum delivers better-than-expected 3Q25 results amid industry headwinds

• Achieves RM36.7 million in pre-tax profit and RM22.1 million in net profit in 3Q25
• Sustains 9M25 pre-tax profit of RM101.2 million despite higher costs and forex impact
• Strong RM1.5 billion orderbook and over RM2.0 billion tenderbook poised to drive further growth

Kuala Lumpur, Malaysia, [20] November 2025 – Leading oil & gas (O&G) services provider Deleum Berhad (Deleum, the Group, 迪隆, Bloomberg: DLUM MK) delivered better-than-expected results for the third quarter ended 30 September 2025 (3Q25), achieving RM36.7 million in pre-tax profit despite ongoing industry headwinds.

Group revenue increased to RM278.1 million in 3Q25, compared to RM269.2 million in the corresponding quarter last year, driven by stronger activities within the Oilfield Integrated Services (OIS) segment.

For the nine months ended 30 September 2025 (9M25), the Group maintained a steady performance, with revenue rising to RM694.4 million up from RM656.5 million in the previous year, backed by continued strength in the OIS segment.

Despite higher operating expenses, including debt write-offs, increased staff costs, and a net foreign exchange loss, the Group sustained its profitability. Pre-tax profit remained largely stable at RM101.2 million versus RM103.4 million last year, while net profit held firm at RM54.1 million, demonstrating Deleum’s ability to deliver consistent earnings performance amid cost pressures.

Supporting the Group’s resilient results, Deleum’s orderbook remains robust at RM1.5 billion as at end-9M25, with projects scheduled for progressive execution over the next five years. The Group’s tenderbook expanded significantly to over RM2.0 billion, up from RM946.4 million at end-2024, reflecting continued project opportunities as oil majors sustain their investments in operational expenditure (OPEX) and maintenance services across facilities

“We achieved a better-than-expected financial performance in 3Q25 despite the challenging market environment, reflecting the Group’s disciplined cost management and operational prudence. Although this quarter was relatively softer, largely due to a less favourable sales mix, we remain confident of delivering satisfactory performance for the full year. Our focus continues to be on strong execution, operational efficiency, and sustaining performance across all business segments. Our orderbook and tender activities remain robust, supported by steady demand for our services. Coupled with ongoing efforts to strengthen our capabilities and explore strategic merger and acquisition opportunities, these factors will continue to support Deleum’s growth trajectory and drive long-term value creation.” Rao Abdullah Group Chief Executive Officer, Deleum Berhad

Power and Machinery (P&M) Segment

Revenue from the P&M segment eased to RM213.3 million in 3Q25 from RM218.7 million in the same quarter last year, mainly due to lower sales in control and safety valves, flow regulator services, turbines parts and repairs as well as retrofit businesses. In tandem with lower revenue, the segment’s profit before tax declined by 16.1% to RM37.7 million compared to RM44.9 million a year ago.

As for 9M25, revenue from the P&M segment softened to RM510.4 million, compared to RM524.8 million in the previous year. Correspondingly, the segment’s profit before tax also edged lower to RM94.1 million from RM97.3 million previously.

Oilfield Integrated Services (OIS) Segment

The OIS segment recorded revenue of RM64.5 million in 3Q25, up 28.1% from RM50.4 million in the corresponding quarter last year. The improvement was driven by higher activity levels in Maintenance, Construction, and Modification (MCM) projects, stronger demand for specialty chemicals and well stimulation services, as well as increased slickline services across both East Malaysia and West Malaysia.

Profit before tax for the quarter, however, declined to RM2.1 million from RM5.5 million primarily due to a bad debt written off amounting to RM1.7 million, coupled with higher operating expenses incurred during the quarter.

Nevertheless, on a nine-month basis, the OIS segment delivered a stronger overall performance, with revenue growing 39.6% to RM183.3 million from RM131.3 million, while profit before tax increased by 51.6% to RM13.6 million from RM9.0 million previously

The Group’s overall liquidity comprising of cash and investment securities increased to RM233.3 million as at the end of the third quarter of 2025, compared to RM199.3 million as at 31 December 2024. Shareholders’ equity also strengthened to RM479.7 million, up from RM463.0 million at the end of 2024.

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.

Deleum pre-tax profit rises 17.8% to RM64.5 million in 1H25   

• 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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Winner of the "Centurion of The Year 2025", "Highest Growth in Profit After Tax Over Three Years" and "Highest Return to Shareholders Over Three Years in the energy sector" on 5 August 2025, at the Edge Malaysia Centurion Club Corporate Awards 2025

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 three core business segments – Power and Machinery and Oilfield Integrated Services. Deleum is listed on the Main Market of Bursa Malaysia.

Proposed strategic acquisition in Thailand, expanding the Group’s oilfield services business

Kuala Lumpur, Malaysia, [16] June 2025 – In line with its strategic growth plan to drive regional expansion, leading oil & gas (O&G) services provider Deleum Berhad (Deleum, the Group, 迪隆, Bloomberg: DLUM MK) announced today that its indirect subsidiary, Deleum Oilfield Solutions (Thailand) Co., Ltd. (DOST) has entered into a sale and purchase agreement to acquire oilfield services assets and business, which include (i) slickline; (ii) hydraulic workover; and (iii) well head maintenance, from MPC Future Co., Ltd. (MPC) for a total consideration of RM60 million. The proposed acquisition represents a strategic opportunity for Deleum to expand its portfolio and services offering in Thailand.

The purchase consideration of RM60 million would be satisfied through a combination of cash payment and issuance of new shares in DOST, resulting in Deleum being 49.93% and MPC being a 48.34% shareholders of DOST post transaction. Upon completion, DOST remains as an indirectly owned subsidiary of the Deleum.

The proposed acquisition is aligned with Deleum’s strategy to strengthen its regional footprint and enhance its service offerings beyond Malaysia. Barring unforeseen circumstances and upon satisfaction of the identified conditions precedent, the acquisition is expected to be completed within the second half of 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.

• Achieves record earnings on robust contributions from P&M and OIS segments

• Declares second interim dividend of 5.30 sen per share; bringing total dividend to 9.30 sen per share in respect of FY2024 or 50.4% dividend payout

Kuala Lumpur, Malaysia, 28 February 2025 – Leading oil & gas (O&G) services provider Deleum Berhad (Deleum, the Group, 迪隆, Bloomberg: DLUM MK) hits its highest annual net profit of RM74.2 million since its inception for the financial year ended 31 December 2024 (FY2024), a 62.1% jump from RM45.7 million in the previous year.

The record-breaking performance was mainly driven by steady growth in the Power and Machinery (P&M) segment and a notable turnaround in the Oilfield Integrated Services (OIS) segment, which swung into profit during the year.

In tandem with the strong performance from both segments, Deleum also saw its profit before tax (PBT) surge by 60.4% to RM136.2 million in FY2024 from RM84.9 million previously, while group revenue increased by 14.6% to RM907.5 million from RM792.0 million last year. 

“I would like to congratulate my team for a job well done and the Board for the invaluable guidance given during the year, which highlights the effectiveness of our transformation strategy in positioning ourselves as a value-driven and growth-oriented company. Our focus on sustainable-margin businesses, enhancing operational efficiency, and optimizing resource allocation have been instrumental in achieving this performance. As we move into 2025, we are optimistic about the future. With long-term contracts in place and a clear strategic roadmap, we are well-positioned to continue scaling, driving strong results, and paving the way for further expansion in the years ahead.”  Rao Abdullah Group Chief Executive Officer

For the fourth quarter ended 31 December 2024 (4Q24), net profit grew 19.1% to RM17.5 million from RM14.7 million in the same period last year. PBT rose 26.6% to RM32.8 million from RM26.0 million previously, as group revenue edged up 5.1% to RM250.9 million from RM238.7 million last year.

Alongside the commendable financial performance, the Group declared a second interim single-tier dividend of 5.30 sen per share in respect of FY2024, payable on 28 March 2025. Together with the first interim single-tier dividend of 4.00 sen per share paid on 30 September 2024, the total dividends for FY2024 amount to 9.30 sen per share, representing a payout of RM37.3 million or 50.4% of net profit, in line with the Group’s dividend policy. Notably, this marks Deleum’s highest dividend payout since its listing in 2007.

Power and Machinery (P&M) Segment

In 4Q24, revenue from the P&M segment decreased 5.1% to RM191.9 million from RM202.2 million in the previous year’s corresponding quarter, attributed to lower sales of exchange engines. However, segment PBT increased 11.1% to RM38.3 million from RM34.5 million previously, supported by improved gross profit margins.

Due to higher activities in the segment, P&M segment revenue was up by 7.3% to RM716.7 million in FY2024 from RM667.9 million in the previous year, while PBT grew by 36.5% to RM135.6 million from RM99.3 million last year.

Oilfield Integrated Services (OIS) Segment

The OIS segment saw 4Q24 revenue jump 62.1% to RM58.6 million from RM36.1 million in the same quarter last year, primarily due to higher business activities from slickline and asset integrated solution services in East Malaysia, specialty chemicals and well stimulations services, as well as maintenance, construction and modification (MCM) projects. Stronger revenue in 4Q24 helped narrow the segment’s loss before tax to RM4.8 million, compared to a loss of RM8.7 million previously.

For FY2024, the OIS segment’s revenue climbed 54.0% to RM189.9 million from RM123.3 million in the previous year. PBT for the segment rebounded to RM4.2 million, a significant turnaround from the loss of RM15.9 million in FY2023. The recovery was largely driven by higher gross profit and reversal of impairment on trade receivables.

As at FY2024, the Group’s net cash position remained robust, with cash and bank balances of RM199.3 million and total borrowings at RM15.1 million. Shareholders’ equity increased to RM463.0 million as at 31 December 2024 from RM413.4 million at the end of 2023.

The Group’s firm orderbook stands at RM1.6 billion, which consists of works and equipment mostly to be delivered within the next 24 months.

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About Deleum Bhd (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.

Kathirithamby Sivasankar

Alternate Director to Datuk Vivekananthan a/l M.V. Nathan

Mr. Kathirithamby Sivasankar (Australian, aged 74, Male) has been appointed as an Alternate Director to Datuk Vivekananthan a/l M.V. Nathan on 2 January 2025.

Mr. Siva holds a Bachelor of Commerce degree from the University of Melbourne. He is both a Chartered Accountant and a Certified Public Accountant, with over 25 years of global leadership experience in risk management within publicly listed and multinational companies. He is renowned for developing robust risk management models that enhance shareholder value and strengthen corporate governance.

During his 15-year tenure with Ernst & Young, spanning Australia, Asia, and the United Kingdom, Mr. Siva gained extensive expertise in audit, management consultancy, change management, and business recovery. He is recognised as an industry leader in Business Continuity Planning, equipping companies to proactively manage crises, build resilience, and safeguard earnings and brand value.

Currently, Mr. Siva serves as a Non-Executive Director on the board of an Australian non-governmental organisation focused on healthcare. He takes pride in his role as a public policy advocate, influencing political, economic, and social reforms to promote equity and social justice.