Petronas Dagangan stock reports 44 percent profit growth in Q2

Petronas Dagangan stock is backed by a 44 percent year-over-year increase in Q2 2026 profit after tax to RM394.0 million. Quartr reported the result on September 16, 2026, with revenue up 77 percent year over year to RM16,091.1 million.

Q2 earnings set a high bar

The revenue increase reflected higher average selling prices and resilient fuel demand. Q2 gross profit rose 19 percent year over year to RM1,311.3 million, while profit before tax for the cumulative period reached RM920.3 million, up 18 percent.

For the first half of fiscal year 2026, revenue rose 50 percent to RM27,241.7 million and profit after tax increased 19 percent to RM685.4 million. The figures give Petronas Dagangan a stronger earnings base, but they also make the unusually favorable second-quarter margin contribution more important for the next update.

Analyst target rises as margins normalize

The Star reported on September 1, 2026, that TA Research lifted its target price to RM20.80 from RM20.30 and downgraded the stock to Hold from Buy. CIMB Research raised its target to RM20.50 from RM19.40 and also kept a Hold rating.

The counterweight is segment quality. Commercial operating profit more than doubled to RM454.3 million in Q2, while retail operating profit fell 77 percent as product costs and operating expenses increased. That split leaves future earnings sensitive to fuel-price movements and the timing of margin gains.

Next results arrive November 27

Quartr lists November 27, 2026, as the next earnings date for Q3 2026. The upcoming report will show whether commercial earnings can retain part of the Q2 boost while retail profitability rebuilds.

Market capitalization stood at MYR 19.1 billion on September 30, 2026. The 52-week range was MYR 17.12 to MYR 23.50, giving the upcoming results a clear valuation and earnings checkpoint.

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