Hibiscus Petroleum Bhd. · MYX:HIBISCS
Hibiscus Petroleum Bhd — Q4 FY2025 Earnings Presentation
39 slides from Hibiscus Petroleum Bhd's earnings presentation, Aug 29, 2025
Slide 1: Q4 FY2025 Results
Q4 FY2025 RESULTS Briefing to Analysts and Fund Managers 29 August 2025
Slide 2: Disclaimer
DISCLAIMER The purpose of this presentation is to provide general information about Hibiscus Petroleum Berhad (the “Company”) to assist potential investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information that a prospective i
Slide 3: Agenda
AGENDA Q4 FY2025 RESULTS 01 OVERVIEW OF FY2025 02 FINANCIAL SUMMARY 03 LOOKING AHEAD 3
Slide 4: Overview of FY2025
OVERVIEW OF FY2025
Slide 5: FY2025 Key Summary
FY2025 KEY SUMMARY Significant volumes and assets growth Higher oil & gas sold by 14% and production by 27% Increase in 2P reserves by 70% (~40 MMboe) and 2C resources by 93% (~55 MMboe) mainly from: ➢ Acquisition of gas producing asset in Brunei, award of PKNB development cluster with 4 discoveries
Slide 6: FY2025 Operational & Financial Summary
FY2025 OPERATIONAL & FINANCIAL SUMMARY OPERATIONAL SUMMARY FINANCIAL SUMMARY FY2025 FY2024 % Change FY2025 FY2024 % Change Production 26,462 boe/d 20,912 boe/d 27% Revenue RM2.33 bil RM2.72 bil 14% Revenue Drivers Sales Volume 8.92 MMboe 7.85 MMboe 14% EBITDA RM1.02 bil RM1.32 bil 23% Average Realis
Slide 7: FY2025 Dividend Payout Surpasses Minimum Guidance
FY2025 DIVIDEND PAYOUT SURPASSES MINIMUM GUIDANCE Prioritising Returns To Shareholders Increasing Dividend Trend 12 7.0 6.0 8.0 sen/share to 10.0 sen/share FY2025 Guidance (Brent USD70/bbl to USD80/bbl) Div. Yield 4.3 5.0 (%) 10 FY2025 Actual 9.0 sen/share* (Brent USD73.5/bbl) 2.9 2.2 2.0 3.0 9.00 T
Slide 8: Record-High 2P Reserves This Year
RECORD-HIGH 2P RESERVES THIS YEAR Reserves Replacement Reserves Replacement Ratio 2017-2024: 201% Ratio 2024 - 2025: 439% 88 MMboe Net 2P Reserves 9.0 Total Net 39.5 31.3 Production 108 63.0 MMboe Total Net Net Reserves Net 2C Production Added 87.9 Resources (Brunei Acquisition & 57.4 Reserves PM3 E
Slide 9: A Year of Breakthroughs
A YEAR OF BREAKTHROUGHS July 2024 August 2024 September 2024 October 2024 April 2025 Recognised on Forbes Asia’s 2025 “Best Under A Billion” PM327 Farm In Brunei list PKNB Award Largest Higher FY2024 Acquisition PM3CAA 20-Year & ranked as a Block with 4 exploration Dividend and Completion Extension
Slide 10: Financial Summary
FINANCIAL SUMMARY
Slide 11: FY2025 Financial Performance
FY2025 FINANCIAL PERFORMANCE Revenue (RM mil) EBITDA (RM mil) PAT (RM mil) -14% -23% RM290.6m (RM382.8 mil) “Normalised” (Margin: (RM302.5 mil) FY25 12.5%) (Margin: 14.7%) -75% 2,715.7 (RM349.6 mil) 2,332.9 1,321.1 One-off non-cash 1,018.6 deferred tax liability 467.1 173.1 charge for UK EPL (Margin
Slide 12: FY2025 Cashbridge
FY2025 CASHBRIDGE Free Cash Flow: RM54 million 867 CAPEX and Brunei asset acquisition fully funded by internal cash, operating cashflows and financing facilities Total Borrowings (excluding Lease Liabilities) RM million RM761 million Shareholders’ Funds 537 610 (813) RM2,708 million (96) (4) (88) Ge
Slide 13: Looking Ahead
LOOKING AHEAD
Slide 14: On Track to Hit 35,000 boe/day in 2026
ON TRACK TO HIT 35,000 BOE/DAY IN 2026 Net Incremental Net Incremental Malaysia: First Oil/Gas Status Production (CY2026) 2P Reserves SF30 Waterflood Phase 2 • Drilled a total of 10 wells First Oil: (5 oil producers & 5 water injectors) October 2024 • Refurbished topside installed First Water: • Wat
Slide 15: Pursuing Growth & Sustainable Horizons 2030 Mission
PURSUING GROWTH & SUSTAINABLE HORIZONS 2030 MISSION THRUST 1 THRUST 2 OIL & GAS REMAINS ENERGY TRANSITION AS CORE BUSINESS INITIATIVES Setting Up A Robust Generating Stable Platform For Growth Cashflows 15
Slide 16: Thrust 1: Setting Up a Robust Platform for Growth
THRUST 1: SETTING UP A ROBUST PLATFORM FOR GROWTH • SF30 Waterflood Phase 2 (Malaysia) 2026 Mission: On Track • Block B MLJ Asset LPC Project (Brunei) ➢ Daily production of 35,000 boe/day • Teal West Development (UK) ➢ 2P reserves of 100 MMboe • PKNB FDP Approval – 2C to 2P Reclassification 2030 Mis
Slide 17: Thrust 2: Energy Transition Initiatives
THRUST 2: ENERGY TRANSITION INITIATIVES Leveraging on our competencies to operate and maintain decentralised power generation Our Group generates 126 MW of power offshore across our assets1 • We will transfer this know-how to address electricity generation specifically to support data centres or sem
Slide 18: Driving Growth Through Disciplined Capital Allocation & OPEX/boe Reduction
DRIVING GROWTH THROUGH DISCIPLINED CAPITAL ALLOCATION & OPEX/BOE REDUCTION Maintaining Disciplined Capital Allocation Reducing OPEX/boe Capital allocation framework in place Increase in operations: Priority Spend Value Accretive Economies of scale and reduced costs • Debt servicing Acquisitions • Mi
Slide 19: FY2025 & FY2026 Guidance Snapshot
FY2025 & FY2026 GUIDANCE SNAPSHOT • FY2025 Sales Guidance Achieved • FY2025 Dividend Guidance Surpassed • FY2026 Dividend Maintained At Lower Oil Price FY2025 FY2026 Guidance Guidance Actual Sales Volume 8.6 to 9.1 MMboe 8.9 MMboe 8.8 – 9.3 MMboe Production N/A 9.0 MMboe 9.1 – 9.5 MMboe OPEX N/A ~US
Slide 20: Hibiscus: A Long-Term Investment
HIBISCUS: A LONG-TERM INVESTMENT OPTIMISTIC OUTLOOK OF THE SECTOR + OPEC’s revised 2050 forecasts rising demand in non-OECD countries driven by economic growth and industrialisation + EIA reports the world’s top oil producer, the U.S., faces challenges in boosting output due to dwindling Tier 1 shal
Slide 21: Thank You
THANK YOU For more information, please contact [email protected]
Slide 22: Appendices
APPENDICES ws
Slide 23: Appendix I - Group Operational Information
APPENDIX I - GROUP OPERATIONAL INFORMATION
Slide 24: Q4FY2025 Operational Summary & Financial Summary
Q4FY2025 OPERATIONAL SUMMARY & FINANCIAL SUMMARY OPERATIONAL HIGHLIGHTS FINANCIAL HIGHLIGHTS Q4FY2025 Q3FY2025 % Change Q4FY2025 Q3FY2025 % Change Production 25,495 boe/d 26,956 boe/d 5% Revenue RM629.5 mil RM572.8 mil 10% Revenue Drivers Sales Volume 2.5 MMboe 2.1 MMboe 16% EBITDA RM220.7 mil RM308
Slide 25: FY2025 Group Operational Summary
FY2025 GROUP OPERATIONAL SUMMARY FY2024 FY2025 Average gross oil & condensate production bbl/day 46,722 44,234 -5% Average net oil & condensate production bbl/day 13,384 13,197 -1% Average gross gas export rate boe/day 32,806 47,400 44% Average net gas export rate boe/day 7,528 13,264 76% Average ne
Slide 26: Reserves and Resources
RESERVES AND RESOURCES 87.9 MMboe of 2P reserves and 108.4 MMboe of 2C resources present opportunity for monetisation Notes: 1 Reserves and resources are as of 1 July 2025. 2 PM3 CAA, Kinabalu, North Sabah and Block 46 Cai Nuoc 2P Reserves are based on internal estimates. 3 Anasuria 2P Reserves are
Slide 27: FY2025 Operational Summary by Asset
FY2025 OPERATIONAL SUMMARY BY ASSET Block 46 Cai PM3 CAA North Sabah Kinabalu Block B MLJ Anasuria Cluster Total or Average Nuoc Average uptime % 93 92 81 91 76 93 - Average gross oil & condensate bbl/day 17,542 12,771 6,679 2,087 4,859 296 44,234 production Average net oil & condensate bbl/day 3,11
Slide 28: Q4 FY25 Operational Summary by Asset
Q4 FY25 OPERATIONAL SUMMARY BY ASSET Block 46 Cai PM3 CAA North Sabah Kinabalu Block B MLJ Anasuria Cluster Total or Average Nuoc Average uptime % 94 94 85 86 89 94 - Average gross oil & condensate bbl/day 16,912 12,980 7,733 1,667 5,751 341 45,384 production Average net oil & condensate bbl/day 2,7
Slide 29: Offtake Schedule
OFFTAKE SCHEDULE Sold a total of 8.9 MMboe of oil, condensate and gas in FY2025, expecting to sell 8.8-9.3 MMboe in FY2026 Total net oil, condensate and gas sales volume (boe) Actual – Latest Estimate – Q1 FY2026 Latest Estimate – Q2 FY2026 FY2025 Jul 20251 Aug 2025 Sep 2025 Total Oct 2025 Nov 2025
Slide 30: Appendix II – Group Financial Information
APPENDIX II – GROUP FINANCIAL INFORMATION
Slide 31: FY2025 Profit or Loss (by Segment)
FY2025 PROFIT OR LOSS (BY SEGMENT) Peninsular Malaysia Sabah Malaysia Total PM305 United RM'000 North Brunei Vietnam Others1 (HPB PM3 CAA and PKNB PM327 Subtotal Kinabalu Subtotal Kingdom Sabah Group) PM314 Revenue 809,706 7,845 - - 817,551 625,392 309,475 934,867 303,138 205,448 56,506 15,372 2,332
Slide 32: Q4 FY25 Profit or Loss (by Segment)
Q4 FY25 PROFIT OR LOSS (BY SEGMENT) Peninsular Malaysia Sabah Malaysia Total United RM'000 PM305 and North Brunei Vietnam Others1 (HPB PM3 CAA PKNB PM327 Subtotal Kinabalu Subtotal Kingdom PM314 Sabah Group) Revenue 185,866 7,845 - - 193,711 192,553 92,536 285,089 90,866 54,245 (1,910) 7,509 629,510
Slide 33: Maintaining Strong EBITDA Margins
MAINTAINING STRONG EBITDA MARGINS PM3 CAA NORTH SABAH KINABALU 70 100% 100 100% 140 100% 90% 90 90% No 90% 94 95 60 65 90 120 offtake 80% 80 80% 121 80% 84 79 in this 50 78 100 54 70% 70 70% 70% 49 51 52 73 73 101 quarter 60% 60 60% 60% 40 45 80 92 50% 50 57 50% 83 50% 78 30 52 60 70 34 40% 40 40% 4
Slide 34: Maintaining Strong Financial Position
MAINTAINING STRONG FINANCIAL POSITION Substantial total assets, stable debt-to-equity ratio, significant unutilised facilities UTILISING AVAILABLE FUNDS AND (in RM million unless stated otherwise) As at 30 June 2025 As at 30 Jun 2024 FACILITIES FOR LONG TERM Total assets A 7,390.0 6,604.3 INVESTMENT
Slide 35: Delivering Reserves, Converting Resources
DELIVERING RESERVES, CONVERTING RESOURCES CAPEX (USD m) ASSETS KEY PROJECTS FY2026 FY2027 Malaysia-Vietnam: PM3 CAA 34 48 Bunga Aster Appraisal Well (1) and Infill/Exploration Wells (3) Malaysia: North Sabah 13 8 SF30 Waterflood Phase 2 Malaysia: Kinabalu 18 40 Redevelopment Project Malaysia: PKNB 5
Slide 36: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK Guiding principles assuming USD70 bbl Brent, selective and disciplined deployment CASHFLOW WATERFALL KEY PRINCIPLES CONTROL LEVERS Priority Spend Investment Criteria 1 Debt Servicing Target Criteria Funding Work program & 2 Minimum Annual Dividend IRR ≥ 15% Internal cash
Slide 37: Appendix III – Growth Pillars
APPENDIX III – GROWTH PILLARS
Slide 38: Growth Pillar 1: PM3 Master Hub Plan
GROWTH PILLAR 1 : PM3 MASTER HUB PLAN PM3 CAA 20-year extension – a key enabler of the PM3 Master Hub Plan PM3 CAA (PRODUCTION) Operated Interest Platforms 35% 14 PKNB CLUSTER PSC (DEVELOPMENT) PSC extended to FSOs 4 Discovered gas fields 2047 2 Substantial gas resources with tie-back opportunities
Slide 39: Growth Pillar: Expansion Within Brunei
GROWTH PILLAR 2 : EXPANSION WITHIN BRUNEI Unlocks future opportunities in a well-established oil and gas jurisdiction Rystad Projects 45% Decline ~29 years1 of remaining 2C resource life Unlocking in Production by 2035 to be exploited Opportunities 2015: ~370k boepd Immediate objective: 2026: 332k b
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