KUALA LUMPUR, Feb. 27 (Xinhua) -- Malaysia's Petroliam Nasional Berhad (Petronas) said Friday it recorded lower profit in 2025 amid market headwinds.
The firm said in a statement that its profit after tax decreased by 18 percent to 45.4 billion ringgit (about 11.67 billion U.S. dollars), in tandem with lower revenue, partially offset by lower tax expenses.
The firm's revenue decreased by 17 percent to 266.1 billion ringgit, mainly due to lower average realized prices, lower sales volume, foreign exchange impact, and the divestment of Engen Group.
"Moving forward, geopolitical headwinds in the industry are expected to persist. To contend with these developments, Petronas will double down on measures to reinforce our portfolio and financial strength," its president and group chief executive officer Tan Sri Tengku Muhammad Taufik said.
The firm also said it remains focused on scaling value-accretive energy investments and lower-carbon solutions to advance its energy transition agenda. ■