PETRONM

4.780

+0.19 (+4.1%)

OTHERS Announcement Pursuant to Paragraph 9.03 of the Main Market Listing Requirements

PETRON MALAYSIA REFINING & MARKETING BHD

Type Announcement
Subject OTHERS
Description
Announcement Pursuant to Paragraph 9.03 of the Main Market Listing Requirements

Petron Malaysia Refining & Marketing Bhd (PMRMB) refers to the announcement dated December 1, 2025, relating to the product jetty collapsing into the sea during the Tropical Storm Senyar; with the resulting inoperability of PMRMB’s Refinery in Port Dickson, Negeri Sembilan, leading to PMRMB declaring a force majeure and duly notifying impacted customers, vendors and contractors.   

 

PMRMB wishes to update as follows:

  1. The force majeure status continues as, with the inoperability of the product jetty at sea, the Port Dickson Refinery of PMRMB cannot operate.
  2. PMRMB’s Business Continuity Plan have ensured that PMRMB continues to supply controlled petroleum products, namely gasoline and diesel, at its service stations without limitations, and to bottle and supply liquified petroleum gas to its customers.
  3. As part of the Business Continuity Plan, the debris clearing on the seabed, resulting from the jetty collapse (and costing RM18 million) - is ongoing despite some challenges due to poor weather out at sea.
  4. In parallel, PMRMB is seeking bids from engineering firms to build a jetty on the same location where the former jetty stood once the debris clearing is completed. The debris clearing is necessary, as PMRMB can only build on the allocated plot of seabed where the former jetty stood, due to the existence of a network of subsea pipelines in the area.

It is anticipated that the Refinery shut down and the work-around costs to ensure continuity of supply of finished products to the market, the planned jetty replacement, and related costs will have a potential impact on PMRMB’s financials and capital expenditure in 2026.  PMRMB continues to evaluate these costs and impact to its financials, including the mitigating impact of PMRMB’s insurance cover for costs incurred such as those arising from the damage to the jetty and the resulting business disruption.

 

This announcement is dated February 10, 2026.






Announcement Info

Company Name PETRON MALAYSIA REFINING & MARKETING BHD
Stock Name PETRONM
Date Announced 10 Feb 2026
Category General Announcement for PLC
Reference Number GA1-09022026-00026