Hibiscus Petroleum Bhd. · MYX:HIBISCS
Hibiscus Petroleum Bhd — Q2 FY2026 Earnings Presentation
25 slides from Hibiscus Petroleum Bhd's earnings presentation, Feb 27, 2026
Slide 1: Q2 FY2026 Results
Q2 FY2026 RESULTS Briefing to Analysts and Fund Managers 27 February 2026
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: Building Momentum Heading into 2H FY2026
BUILDING MOMENTUM HEADING INTO 2H FY2026 1 2 Positive Development on the Construction Commenced on Teal West Project 12MWp Solar PV Farm in Brunei Drilling completed with subsea installation expected to Construction commenced on 9 February 2026 commence in April 2026 Operations expected to begin in
Slide 4: Positive Development on the Teal West Project
POSITIVE DEVELOPMENT ON THE TEAL WEST PROJECT DELIVERY OF PROJECTS Driving production and strengthening our asset base Drilling completed with subsea installation expected to commence in April 2026 First oil expected in mid-CY2026 No tax expected to be paid in FY2026, due to available capital allowa
Slide 5: Commenced Brunei Solar Project Construction
COMMENCED BRUNEI SOLAR PROJECT CONSTRUCTION Supporting Hibiscus’ energy transition initiatives by scaling renewable capacity in Brunei Construction of a 12MW solar PV farm in Brunei Darussalam commenced on 9 February 2026, with operations expected to begin in January 2027 to supply renewable electri
Slide 6: Q2 FY2026 Operational & Financial Summary
Q2 FY2026 OPERATIONAL & FINANCIAL SUMMARY OPERATIONAL HIGHLIGHTS Q2 FY2026 Q1 FY2026 % Change Key 1H FY2026 Financials 26,108 boe/d 23,656 boe/d 10% • PAT of RM90.4 million Production • Average realised oil price of USD70.7/bbl • 49% of targeted crude oil offtakes for FY2026 completed Revenue Driver
Slide 7: 1H FY2026 Cash Bridge
1H FY2026 CASHBRIDGE Key CAPEX Projects Asset Capex (RM million) Key Projects UK: Teal West 233 Drilling of Oil Producer 842* Malaysia-Vietnam: PM3 CAA 122 Bunga Raya Infill & Bunga Aster Appraisal Wells Brunei: Block B MLJ 88 LPC Project 338 Malaysia: Kinabalu 21 Debottlenecking Activities RM milli
Slide 8: Dividend of 2.0 Sen Declared for Q2 FY2026
DIVIDEND OF 2.0 SEN DECLARED FOR Q2 FY2026 PRIORITISING RETURNS TO SHAREHOLDERS INCREASING DIVIDEND TREND Current dividend practice 15 • At the start, the minimum dividend guidance for the FY is 6.0 disclosed Div. Yield 4.3 • Dividends are declared and paid on a quarterly basis (%) 13 2.9 Dividend g
Slide 9: Potential Entry of Strategic Investors
POTENTIAL ENTRY OF STRATEGIC INVESTORS In discussions with reputable parties ACCESS TO POTENTIAL ASSET OPPORTUNITIES ACCESS TO FUNDING OBJECTIVES Availability of high-quality assets Ability to pursue larger-scale opportunities PLATFORM FOR RE-RATING FINANCIAL ADVISER CLEAR PATHWAY FOR GROWTH Speed a
Slide 10: FY2026 Guidance Snapshot
FY2026 GUIDANCE SNAPSHOT Achieved sales growth in the past 3 years FY2026 sales volume guidance at a higher range Net Oil, Condensate and Gas Sales (MMboe) FY2026 GUIDANCE Potential sales 9.4 Sales Volume 9.0 – 9.4 MMboe FY2025 : 8.9 MMboe growth: 9.0 Up to On track 4.5% to reach upgraded Production
Slide 11: Hibiscus: Strategic Execution & Long-Term Value
HIBISCUS: STRATEGIC EXECUTION & LONG-TERM VALUE TEAL WEST: FIRST OIL PROGRESS • Drilling completed; progressing toward first oil in mid-CY2026 BRUNEI SOLAR: EXPANDING INTO RENEWABLES WITH CAPITAL DISCIPLINE • Construction of 12MWp solar PV farm commenced on 9 February 2026 • Operations are expected
Slide 12: Thank You
THANK YOU For more information, please contact [email protected]
Slide 13: Appendices
APPENDICES ws
Slide 14: Appendix I - Group Operational Information
APPENDIX I - GROUP OPERATIONAL INFORMATION
Slide 15: Q2 FY2026 Group Operational Summary
Q2 FY2026 GROUP OPERATIONAL SUMMARY Q2 FY2026 Q1 FY2026 Average gross oil & condensate production bbl/day 40,852 39,908 Average net oil & condensate production bbl/day 12,894 12,864 Average gross gas export rate boe/day 44,927 36,894 Average net gas export rate boe/day 13,214 10,792 Average net oil,
Slide 16: Q2 FY2026 Operational Summary by Asset
Q2 FY2026 OPERATIONAL SUMMARY BY ASSET Block 46 Cai PM3 CAA North Sabah Kinabalu Block B MLJ Anasuria Cluster Total or Average Nuoc Average uptime % 94 88 89 92 28 94 - Average gross oil & condensate bbl/day 16,302 12,883 7,997 1,863 1,431 376 40,852 production Average net oil & condensate bbl/day 3
Slide 17: Offtake Schedule
OFFTAKE SCHEDULE On track to meet sales volume guidance of 9.0 - 9.4MMboe in FY2026 Total net oil, condensate and gas sales volume (boe) Latest Actual – Latest Estimate – Q3 FY2026 Latest Estimate – Q4 FY2026 Estimate – Q1 & Q2 FY2026 FY2026 Jan 20261 Feb 2026 Mar 2026 Total Apr 2026 May 2026 June 2
Slide 18: Reserves and Resources
RESERVES AND RESOURCES 83 MMboe of 2P reserves and 109 MMboe of 2C resources present opportunity for monetisation Notes: 1 Reserves and resources are as of 1 January 2026. 2 PM3 CAA, North Sabah, Kinabalu, Block B MLJ, Anasuria, Teal West and Block 46 Cai Nuoc 2P Reserves are based on internal estim
Slide 19: Appendix II – Group Financial Information
APPENDIX II – GROUP FINANCIAL INFORMATION
Slide 20: Q2 FY2026 Profit or Loss (by Segment)
Q2 FY2026 PROFIT OR LOSS (BY SEGMENT) Peninsular Malaysia Sabah Malaysia Total United RM'000 Brunei Vietnam Others1 Kingdom PM3 CAA PM305 PKNB PM327 Subtotal North Sabah Kinabalu Subtotal (HPB Group) Revenue 257,384 - - - 257,384 169,139 (1,229) 167,910 (209) 119,162 (2,150) 2,393 544,490 Cost Of Sa
Slide 21: FY2025 Profit or Loss (by Segment)
FY2025 PROFIT OR LOSS (BY SEGMENT) Peninsular Malaysia Sabah Malaysia Total United RM'000 Brunei Vietnam Others1 PM305 and Kingdom PM3 CAA PKNB PM327 Subtotal North Sabah Kinabalu Subtotal (HPB Group) PM314 Revenue 809,706 7,845 - - 817,551 625,392 309,475 934,867 205,448 303,138 56,506 15,372 2,332
Slide 22: Operating in a Sustainable Financial Position
OPERATING IN A SUSTAINABLE FINANCIAL POSITION Stable debt-to-equity ratio, significant unutilised facilities (in RM million unless stated As at 31 Dec 2025 As at 30 Sep 2025 As at 30 Jun 2025 otherwise) Total assets 7,545.0 7,376.6 7,433.3 Shareholders’ funds 2,676.3 2,720.5 2,708.2 Cash and bank ba
Slide 23: Maintaining Strong EBITDA Margins
MAINTAINING STRONG EBITDA MARGINS PM3 CAA NORTH SABAH KINABALU 70 100% 100 100% 140 100% 90% 90 94 95 90% No No 90% 60 65 120 80% 80 90 80% offtake offtake 84 121 80% 50 54 70% 70 78 79 70% 100 in this in this 70% 51 52 73 73 74 101 49 60% 60 69 60% quarter quarter 60% 40 45 45 80 92 50% 50 57 50% 8
Slide 24: 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 25: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK 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 budget phasing as Production Payback ≤5 year
Hibiscus Petroleum Berhad — Q2 FY2026 Earnings Presentation on 6ix