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Of the proceeds, RM15 million has been earmarked for the purchase of a new bunker vessel at Tanjung Bruas Port in Melaka, while RM12 million will be used to purchase mainly diesel and marine gas oil to increase inventory levels. PSP Energy will allocate funds for seven new road tankers. The rest has been set aside as working capital and to defray listing expenses.
PSP Energy Bhd is expanding its presence along key maritime routes with a new bunkering hub at Tanjung Bruas Port in Melaka.
Tanjung Bruas Port is strategically located along major shipping routes, and this development positions us well to capture new demand in one of the region’s most active maritime corridors.
The Group recorded a PBT and PBT margin of RM5.6 million and 2.6% respectively in the current financial quarter, mainly deriving from the GP recorded of RM9.5 million and other income recorded of RM3.8 million mainly arising from recovery of previously impaired trade receivables totaling to RM3.1 million.
PSP Energy recorded revenue of RM213.6 million for the current financial quarter ended 30 September 2025, which was mainly contributed from the trading of fuel products segment and distribution of fuel products segment. In terms of GP, the Group recorded total GP of RM9.5 million, reflecting an overall GP margin of 4.5% in the current financial quarter ended 30 September 2025.
In Q3FY2025, NCT saw a significant decline in both revenue and profit compared to Q3FY2024. Revenue dropped by about 44%, from RM91.03 million to RM50.63 million. Profit before tax fell by 51% under the merger method and by 6% under the acquisition method. The decline was primarily due to the completion of the Grand Ion Majestic project in 2024, which had been a major revenue contributor.
