Hibiscus Petroleum Bhd. · MYX:HIBISCS
Hibiscus Petroleum Bhd — Q1 FY2026 Earnings Presentation
26 slides from Hibiscus Petroleum Bhd's earnings presentation, Nov 28, 2025
Slide 1: Q1 FY2026 Results
Q1 FY2026 RESULTS Briefing to Analysts and Fund Managers 28 November 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: Advancing Our 2030 Mission, Building Momentum
ADVANCING OUR 2030 MISSION, BUILDING MOMENTUM 1 2 Teal West 2P oil reserves expected to Upgraded FY2026 sales volume be exceeded guidance Preliminary interpretation of newly acquired FY2026 sales volume guidance: subsurface data indicates that the 2P oil reserves are - Previous: 8.8 – 9.3 MMBoe expe
Slide 4: FY2026 Guidance Snapshot
FY2026 GUIDANCE SNAPSHOT Achieved sales growth in the past 3 years FY2026 sales volume guidance at a higher range FY2026 Guidance Net Oil, Condensate and Gas Sales (MMboe) Increase in sales guidance Potential sales growth: Sales Volume 9.0 – 9.4 MMboe 9.4 FY2025 : 8.9 MMboe Up to 9.0 (previous: 8.8
Slide 5: Q1 FY2026 Operational & Financial Summary
Q1 FY2026 OPERATIONAL & FINANCIAL SUMMARY OPERATIONAL HIGHLIGHTS Key factors impacting Q1 FY2026 Q1 FY2026 Q4 FY2025 1. Major planned maintenance activities Production 23,656 boe/d 25,495 boe/d • Annual maintenance activities in PM3 CAA and Kinabalu Revenue Drivers • Full field shut down (once every
Slide 6: Q1 FY2026 Cashbridge
Q1 FY2026 CASHBRIDGE Key CAPEX Projects 153 Asset Project Malaysia-Vietnam: PM3 CAA Bunga Raya Infill & Bunga Aster Appraisal Wells UK: Teal West Drilling of Oil Producer Brunei: Block B MLJ LPC* Project & Jacket Repair Diving Activities Malaysia: Kinabalu Debottlenecking Activities RM million 105 3
Slide 7: Sustainable Financial Position
SUSTAINABLE FINANCIAL POSITION Stable debt-to-equity ratio, significant unutilised facilities (in RM million unless stated otherwise) As at 30 Sep 2025 As at 30 Jun 2025 Total assets 7,377 7,433 Shareholders’ funds 2,721 2,708 Cash and bank balances 601 642 Unrestricted cash 279 320 Total debt A 795
Slide 8: Creating Sustainable Shareholder Returns
CREATING SUSTAINABLE SHAREHOLDER RETURNS Prioritising Returns To Shareholders Increasing Dividend Trend Current dividend practice 12 6.0 7.0 • At the beginning of the FY, the minimum dividend guidance for the current FY is publicly disclosed 4.3 5.0 Div. Yield • Dividends are declared and paid on a
Slide 9: Hibiscus: A Long-Term Investment
HIBISCUS: A LONG-TERM INVESTMENT ENCOURAGING RESULTS FROM TEAL WEST DRILLING + Well successfully drilled through the reservoir section and completed all planned subsurface data acquisition, including pressure and fluid sampling + Preliminary interpretation of the newly acquired subsurface data indic
Slide 10: Thank You
THANK YOU For more information, please contact [email protected]
Slide 11: Appendices
APPENDICES ws
Slide 12: Appendix I - Group Operational Information
APPENDIX I - GROUP OPERATIONAL INFORMATION
Slide 13: Q1 FY2026 Group Operational Summary
Q1 FY2026 GROUP OPERATIONAL SUMMARY Q1 FY2026 Q4 FY2025 Average gross oil & condensate production bbl/day 39,908 45,384 Average net oil & condensate production bbl/day 12,864 13,452 Average gross gas export rate boe/day 36,894 44,023 Average net gas export rate boe/day 10,792 12,043 Average net oil,
Slide 14: Q1 FY2026 Operational Summary by Asset
Q1 FY2026 OPERATIONAL SUMMARY BY ASSET Block 46 Cai PM3 CAA North Sabah Kinabalu Block B MLJ Anasuria Cluster Total or Average Nuoc Average uptime % 79 90 63 72 81 79 - Average gross oil & condensate bbl/day 13,953 13,288 5,957 1,683 4,818 209 39,908 production Average net oil & condensate bbl/day 3
Slide 15: Offtake Schedule
OFFTAKE SCHEDULE Upgraded guidance to sell 9.0-9.4 MMboe in FY2026 Total net oil, condensate and gas sales volume (boe) Actual – Latest Estimate – Q2 FY2026 Latest Estimate – Q3 FY2026 Q1 FY2026 Oct 20251 Nov 2025 Dec 2025 Total Jan 2026 Feb 2026 Mar 2026 Total Oil & Cond. - 301,128 300,000 - 601,12
Slide 16: Appendix II - Group Financial Information
APPENDIX II – GROUP FINANCIAL INFORMATION
Slide 17: Q1 FY26 Profit or Loss (by Segment)
Q1 FY26 PROFIT OR LOSS (BY SEGMENT) Peninsular Malaysia Sabah Malaysia Total United 1 RM'000 Brunei Vietnam Others PM305 and Kingdom PM3 CAA PKNB PM327 Subtotal North Sabah Kinabalu Subtotal (HPB Group) PM314 Revenue 80,551 - - - 80,551 92,149 99,083 191,232 57,505 98,908 - 4,864 433,060 Cost Of Sal
Slide 18: FY2025 Profit or Loss (by Segment)
FY2025 PROFIT OR LOSS (BY SEGMENT) Peninsular Malaysia Sabah Malaysia Total United RM'000 PM305 and Brunei Vietnam Others1 PM3 CAA PKNB PM327 Subtotal North Sabah Kinabalu Subtotal Kingdom (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 19: 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 74 101 quarter 60% 60 60% 60% 40 45 80 92 50% 50 57 50% 83 50% 78 77 30 52 60 70 34 40% 40
Slide 20: 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 21: 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
Slide 22: Appendix III - Growth Pillars
APPENDIX III – GROWTH PILLARS
Slide 23: 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 23
Slide 24: 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 25: 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 26: 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
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