Kuala Lumpur, 15 June 2026
- Revenue: RM645.2 million
- PATAMI: RM145.8 million
- Cash, deposits and bank balances: RM1.96 billion
- Group Order Book: RM5.9 billion
Vantris Energy Berhad (“Vantris Energy” or “the Company”, formerly known as Sapura Energy Berhad) and its subsidiaries (“the Group”) today announced its financial results for the first quarter ended 30 April 2026 (“Q1 FY2027”), marking the Group’s second consecutive quarter of profitability following the completion of its financial restructuring.
The Group recorded a Profit After Tax and Minority Interests (“PATAMI”) of RM145.8 million in Q1 FY2027, compared to a Loss After Tax and Minority Interests (“LATAMI”) of RM478.0 million in the corresponding quarter last year. Revenue for the quarter stood at RM645.2 million.
As at 30 April 2026, cash, deposits and bank balances stood at RM1.96 billion, reflecting continued liquidity resilience following the Group’s financial restructuring.
Despite lower revenue in Q1 FY2027, the E&C segment delivered improved profitability compared to the corresponding quarter, driven in part by a notable improvement in the segment’s joint venture in Brazil. The Group is currently transitioning towards contracts with a more balanced risk profile across South-East Asia and Australia, with a focus on lower-risk, service-oriented activities.
The O&M segment recorded lower activities during the quarter due to seasonal factors and the completion of several major work orders. Nevertheless, the segment is expected to recover, supported by an order book of approximately RM1.3 billion and secured projects scheduled for execution in the coming quarters.
Meanwhile, the Drilling segment continued to contribute positively to the Group, supported by higher charter rates and increasing demand for its rig fleet, despite a temporary reduction in utilisation for certain rigs following the completion of contracts.
As at 30 April 2026, Vantris Energy’s order book stood at RM5.9 billion, with an additional RM2.9 billion under joint ventures and associates. The Group remains focused on replenishing its order book through selective participation in opportunities aligned with its strengthened risk management framework and operational capabilities.
Commenting on the results, Vantris Energy Group Chief Executive Officer Muhammad Zamri Jusoh said, “This quarter reflects continued progress in Vantris Energy’s recovery journey, demonstrating the positive impact of our restructuring efforts and the operational discipline being implemented across the Group.”
He added, “With a healthier balance sheet and more structured operational approach, the Group is now better positioned to focus on sustainable, operations-driven performance. Our priorities remain centred on strengthening execution, preserving financial discipline, replenishing the order book responsibly and continuing to restore stakeholders’ confidence.”
He further noted, "We remain vigilant in monitoring geopolitical developments in West Asia and their potential implications on costs, supply chain and project delivery. Against this backdrop, maintaining tight cost control across the Group remains a key priority.”
Looking ahead, the Group remains focused on strengthening its long-term financial and operational resilience, while progressing its Practice Note 17 exit. This includes pursuing strategic partnerships, replenishing its orderbook and maintaining operational momentum to sustain profitability.
Supported by stable demand fundamentals in the upstream oil and gas sector, Vantris Energy expects its Drilling and O&M segments to deliver stronger performance through improved fleet utilisation, higher charter rates and the disciplined execution of secured projects in the coming quarters. The E&C segment will remain focused on strengthening operational excellence and consistently deliver across its key markets, while steadily building a more sustainable track record of profitability.
For further editorial information, contact:
Vantris Energy Strategic Communications at corpcomms@vantrisenergy.com
Cautionary note: “Vantris Energy”, “the group” and “the company” are used for convenience where references are made to Vantris Energy Berhad in general. Similarly, words like “we”, “us” and “our” are used to refer to Vantris Energy Berhad in general or to those who work for the company and its subsidiaries, where relevant. This press release may contain forward-looking statements. All statements other than statements of historical facts included in this press release, including, without limitation, those regarding our financial position, financial estimates, business strategies, prospects, plans and objectives for future operations, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we will operate in the future. Such forward-looking statements reflect our current view with respect to future events and are not a guarantee of future performance. Forward-looking statements can be identified by the use of forward-looking terminology such as the words “may”, “will”, “would”, “could”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “aim”, “plan”, “forecast” or similar expressions and include all statements that are not historical facts.