Sapura Energy Berhad announced its financial results for the third quarter reporting a revenue of RM1.15 billion, representing a 4.4 percent increase compared to the RM1.10 billion posted in the corresponding quarter of financial year 2024 ("Q3 FY2024"). The increase in revenue was primarily driven by higher progress of ongoing projects and favourable settlement of claims in Engineering and Construction ("E&C"); a higher activity level in Operations and Maintenance offset by lower rig activities in the Drilling segment.

Despite the increase in revenue, the Group recorded a Loss After Tax and Minority Interest ("LATAMI") of RM293 million for the quarter, compared to a Profit After Tax and Minority Interest ("PATAMI") of RM30.9 million in Q3 FY2024. This was mainly due to unfavourable foreign exchange losses amounting to RM213 million in Q3 FY2025, arising from the weakening of the US Dollar against the Malaysian Ringgit. Comparatively, the Group saw foreign exchange gains of RM271 million in the corresponding quarter of the previous financial year. The Group's bottom line in Q3 FY2025 was also impacted by a lower share of profit from associates, which decreased by RM93.7 million because of reclassification of SapuraOMV Upstream Sdn Bhd ("SapuraOMV") to asset held for sale since first
quarter of financial year 2025.

Looking ahead, the group said financial constraints continue to limit its business expansion, especially in order book replenishment, where it trails major international peers. The Group's current order book stands at RM6 billion, while the non-consolidated order book held by its joint venture and associated entities is valued at RM5.8 billion, representing Sapura Energy's 50 percent share.