Bumi Armada stock rises 1.43 percent as profit falls

Published on 09/25/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bumi Armada stock was at MYR 0.35 on September 25, 2026, below its MYR 0.42 yearly high. June-quarter revenue fell 17.7 percent to MYR 335.18 million.

Bumi Armada, MYL5210OO009, Illustration mit AI erstellt.

Bumi Armada stock (ISIN MYL5210OO009) was trading at MYR 0.35 on Bursa Malaysia on September 25, 2026, up 1.43 percent. The move followed second-quarter results showing lower profit and revenue, with the company still carrying a large offshore energy portfolio.

June-quarter profit falls 11.3 percent

In its August 27, 2026 report, The Edge Malaysia said Bumi Armada's net profit for the three months ended June 30, 2026, fell 11.3 percent year over year to MYR 70.97 million from MYR 80.03 million. Earnings per share declined to MYR 0.012 from MYR 0.0135.

Revenue dropped 17.7 percent to MYR 335.18 million from MYR 407.12 million, while gross margin narrowed to 28.76 percent from 36.97 percent. The six-month comparison was weaker: revenue fell 27.2 percent to MYR 641.74 million, and net profit declined to MYR 111.08 million from MYR 262.8 million.

FPSO Kraken uptime reaches 85 percent

The operating issue behind the earnings pressure is concentrated in the FPSO fleet. UOB Kay Hian reported on August 28, 2026, that FPSO Kraken uptime reached 85 percent in the second quarter and that first-half core earnings represented 38 percent of its forecast and 32 percent of consensus.

UOB Kay Hian retained a HOLD rating and a MYR 0.35 target price, while cutting earnings forecasts by 3 percent to 28 percent. That assessment makes vessel execution more important than the headline share-price gain, because lower uptime can reduce the contribution from contracted FPSO operations.

MYR 0.35 stays below MYR 0.42

Bumi Armada's MYR 0.35 price on September 25, 2026, stood 16.67 percent below its 52-week high of MYR 0.42 and 25.00 percent above its 52-week low of MYR 0.28. Market capitalization was MYR 2,104,408,279 on the same date.

The company operates in offshore energy facilities and services, including FPSO units, floating gas solutions and offshore marine support. Its business structure is described by I3investor as spanning FPSO operations, offshore marine services and engineering support.