Oiltek International Limited has released its unaudited financial results for the third quarter of 2025, revealing a 29.8% drop in revenue compared to the same period last year. Despite this, the company saw a 6.2% increase in profit after tax, attributed to improved gross profit margins in key segments.
The company’s revenue fell from RM67.60m in Q3 2024 to RM47.44m in Q3 2025, primarily due to decreased sales in the Edible & Non-Edible Oil Refinery and Product Sales and Trading segments. However, the Renewable Energy segment showed growth, partially offsetting these declines. Gross profit margins rose by 7.6 percentage points to 37.1%, driven by higher margins in the aforementioned segments.
For the nine months ending 30 September 2025, Oiltek’s revenue decreased by 11.8% to RM148.26m, yet profit after tax increased by 22.9% to RM23.67m. The company’s financial position remains robust, with net assets rising by 9.2% to RM92m, although cash reserves dropped by 12.6% due to dividend payments.
Looking ahead, Oiltek is optimistic about the long-term prospects of the Edible & Non-Edible Oil Refinery and Renewable Energy segments. The global fats and oils market is projected to grow significantly, and the company plans to leverage its engineering expertise to capture larger projects. Additionally, the push for sustainable aviation fuel presents new opportunities, with Southeast Asia positioned as a potential hub. Oiltek’s order book currently stands at RM361.6m, expected to be fulfilled over the next 18 to 24 months.
