SGX Mainboard-listed Oiltek International Limited has reported a significant increase in net profit for the first half of 2025, rising 37.5% to RM14.1 million compared to RM10.3 million in the same period last year. The company attributes this growth to a substantial increase in revenue from its Renewable Energy segment, which saw a 623.9% rise to RM22.7 million, offsetting declines in other areas.
Oiltek’s financial health remains robust, with zero debt and cash and bank balances of RM111.7 million, representing 124.6% of its net assets. The company has also proposed an interim dividend of 0.5 Singapore cents per share, reflecting its strong performance and commitment to shareholder value.
The company announced a proposed secondary listing on the Main Market of Bursa Malaysia Securities Berhad, aiming to broaden its investor base and enhance liquidity. Executive Director and CEO Henry Yong Khai Weng stated, “Despite a challenging global operating environment, Oiltek delivered a strong 1H2025 performance and continues to enhance shareholder value.”
Looking ahead, Oiltek is optimistic about the long-term prospects of its Edible & Non-Edible Oil Refinery segment, driven by global demand for oils and fats. The company is also poised to capitalise on the growing demand for sustainable aviation fuel, with Southeast Asia emerging as a hub for this market. As the company continues to innovate and expand, it remains focused on driving sustainable growth and creating long-term value for its shareholders.
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