Sapura Energy Berhad released its second quarter of financial year 2025 recording a 5.8 percent increase in revenue year-on-year ("YoY") to RM1.2 billion, up from RM1.14 billion in the second quarter of financial year 2024. The Group however reported a loss after tax and minority interests of RM5 million in Q2 FY2025, compared to RM43 million of profit after tax and minority interest in the corresponding quarter of the previous year ("Q2 FY2024").
The group attributed to foreign exchange losses totalling RM101 million, primarily due to the depreciation of the US dollar against the ringgit, weighed heavily on the Group's results. Excluding the effect of foreign exchange losses, the Group's Q2 FY2025 adjusted PATAMI is RM96 million.
CEO Datuk Mohd Anuar acknowledged the prolonged debt restructuring process, while assuring creditors that reaching a resolution remains the Group's topmost priority. "We are diligently working on a comprehensive PRS together with the lenders and creditors. There are still a few moving parts that need to be ironed out", he emphasised. "Our primary concern is to present a fair and equitable proposal that takes into account all stakeholders, particularly the small and medium Malaysian vendors who continue to support us throughout the turnaround effort."
