• Revenue: RM645.2 million
  • PATAMI: RM145.8 million
  • Cash, deposits and bank balances: RM1.96 billion
  • Group Order Book: RM5.9 billion

Vantris Energy Berhad  and its subsidiaries  announced its financial results for the first quarter ended 30 April 2026 marking the Group’s second consecutive quarter of profitability following the completion of its financial restructuring.

The Group recorded a Profit After Tax and Minority Interests (“PATAMI”) of RM145.8 million in Q1 FY2027, compared to a Loss After Tax and Minority Interests (“LATAMI”) of RM478.0 million in the corresponding quarter last year. Revenue for the quarter stood at RM645.2 million.

As at 30 April 2026, cash, deposits and bank balances stood at RM1.96 billion, reflecting continued liquidity resilience following the Group’s financial restructuring.

Despite lower revenue in Q1 FY2027, the E&C segment delivered improved profitability compared to the corresponding quarter, driven in part by a notable improvement in the segment’s joint venture in Brazil. The Group is currently transitioning towards contracts with a more balanced risk profile across South-East Asia and Australia, with a focus on lower-risk, service-oriented activities.

The O&M segment recorded lower activities during the quarter due to seasonal factors and the completion of several major work orders. Nevertheless, the segment is expected to recover, supported by an order book of approximately RM1.3 billion and secured projects scheduled for execution in the coming quarters.

Meanwhile, the Drilling segment continued to contribute positively to the Group, supported by higher charter rates and increasing demand for its rig fleet, despite a temporary reduction in utilisation for certain rigs following the completion of contracts.

As at 30 April 2026, Vantris Energy’s order book stood at RM5.9 billion, with an additional RM2.9 billion under joint ventures and associates. The Group remains focused on replenishing its order book through selective participation in opportunities aligned with its strengthened risk management framework and operational capabilities.

Commenting on the results, Vantris Energy Group Chief Executive Officer Muhammad Zamri Jusoh said, “This quarter reflects continued progress in Vantris Energy’s recovery journey, demonstrating the positive impact of our restructuring efforts and the operational discipline being implemented across the Group.”

He added, “With a healthier balance sheet and more structured operational approach, the Group is now better positioned to focus on sustainable, operations-driven performance. Our priorities remain centred on strengthening execution, preserving financial discipline, replenishing the order book responsibly and continuing to restore stakeholders’ confidence.”

He further noted, “We remain vigilant in monitoring geopolitical developments in West Asia and their potential implications on costs, supply chain and project delivery. Against this backdrop, maintaining tight cost control across the Group remains a key priority.”

Looking ahead, the Group remains focused on strengthening its long-term financial and operational resilience, while progressing its Practice Note 17 exit. This includes pursuing strategic partnerships, replenishing its orderbook and maintaining operational momentum to sustain profitability.

Supported by stable demand fundamentals in the upstream oil and gas sector, Vantris Energy expects its Drilling and O&M segments to deliver stronger performance through improved fleet utilisation, higher charter rates and the disciplined execution of secured projects in the coming quarters. The E&C segment will remain focused on strengthening operational excellence and consistently deliver across its key markets, while steadily building a more sustainable track record of profitability.