Kuala Lumpur, 11 December 2025

• Revenue: RM0.98 billion
• PATAMI: RM4.27 billion
• Unrestricted cash balance: RM2.26 billion
• Group Order Book: RM6.30 billion

Vantris Energy Berhad (“Vantris Energy” or “the Group”, formerly known as Sapura Energy Berhad) today announced its financial results for the third quarter ended 31 October 2025 (“Q3 FY2026”), following the completion of its financial restructuring.

For the quarter under review, the Group recorded a positive Profit After Tax and Minority Interests (“PATAMI”) of RM4.27 billion, reversing the cumulative Loss After Tax and Minority Interests (“LATAMI”) of RM0.71 billion reported in the first half of FY2026. This uplift was largely driven by material, non-recurring accounting gains arising from the restructuring exercise. As a result, year-to-date (“YTD”) reported PATAMI improved to RM3.56 billion, compared to a YTD LATAMI of RM0.22 billion in the same period last year. Revenue for the quarter was RM0.98 billion.

The material, non-recurring accounting gains include the recognition of RM4.47 billion in forgiveness of debt resulting from the restructuring exercise.

This earnings turnaround reflects the financial impact of the Group’s strengthened balance sheet following Restructuring Effective Date (“RED”) on 26 September 2025. The restructuring significantly reduced total borrowings from RM10.76 billion to RM5.70 billion, enabling Vantris Energy to transition from a net liability to a net asset position—a crucial step toward long-term financial sustainability.

Operationally, the Group recorded Loss Before Interest Tax Depreciation and Amortisation (“LBITDA”) of RM150 million, reflecting the impact of ongoing issues related to a certain project in its Engineering & Construction (“E&C”) segment.

The challenges weighed on E&C’s performance, leading to a softer quarter for the segment. The Group is taking steps to enhance operational excellence and focus on opportunities with balanced risk profiles. These measures, together with a strategic shift toward lower risk contracting models, are expected to support a gradual recovery in the segment over time.

The Operations & Maintenance (“O&M”) segment delivered steady performance, supported by stable activity levels across key contracts. The Group continues to explore regional opportunities to broaden its market reach and enhance long-term competitiveness.

The Drilling segment maintained a healthy outlook, supported by stable demand for its rig fleet and firm charter rates. Market conditions remain generally favourable, and the Group aims to capitalise through disciplined contract management and improved fleet utilisation. With consistent operating momentum, Drilling is expected to continue contributing reliably to the Group’s performance.

As of 31 October 2025, Vantris Energy’s order book stood at RM6.30 billion, with an additional RM3.90 billion from joint ventures and associates. The Group recently announced that its joint venture company, Rawabi Sapura Limited Company (“Rawabi JV”) was awarded a significant seven-year contract to provide vital diving support services for Aramco, one of the world’s leading integrated energy and chemicals companies. Rawabi JV is a joint venture under Vantris Energy’s O&M division.

Commenting on the results, Vantris Energy Group Chief Executive Officer Muhammad Zamri Jusoh said, “This quarter marks a turning point for Vantris Energy. The completion of our financial restructuring has significantly reduced the financial overhang that has long challenged our progress. While the benefits are becoming evident, we recognise there is still work ahead, particularly in strengthening our operational performance. Our priority remains delivering sustainable profitability through disciplined execution across our core businesses.”
Looking ahead, the Company’s immediate priority is to exit Practice Note 17 status by delivering two consecutive quarters of profitability, sustain operational momentum, and reinforce stakeholder confidence.

For further editorial information, contact:

Vantris Energy Corporate Communications at corpcomms@vantrisenergy.com vantrisenergy.com | www.facebook.com/VantrisEnergy/ | instagram.com/vantrisenergy/

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.