KUALA LUMPUR (Feb 27): Bumi Armada Bhd’s (KL:ARMADA) financial year ended Dec 31, 2025 (FY2025) net profit fell 31% to RM439.05 million, down from RM634 million in FY2024, mainly due to lower contributions from the Armada Kraken and Armada Olombendo FPSOs. Revenue dropped to RM1.59 billion from RM2.3 billion. Finance costs for the year fell by RM66.7 million, reflecting ongoing deleveraging and lower interest rates. Total liabilities fell 35% to RM2.89 billion, mainly from the foreign exchange impact, repayment of customer advances, and borrowings. CEO Gary Christenson said the stronger financial position allows Bumi Armada to bid for new projects.

Source: The Edge Markets February 27, 2026 08:40 UTC