KUALA LUMPUR: Lianson Fleet Group Bhd, a reputable offshore support vessel (OSV) provider and marine transportation provider, recorded a 20.9% increase in revenue to RM69.2 million for Q1 ended March 31, 2026 (FY26), compared to the RM57.3 million posted in the same quarter last year.
The improved topline performance translated into a significant improvement in profitability, with a 22.7% increase in gross profit to RM24.3 million, an 84.4% rise in profit before tax to RM22.1 million, and a 92.1% surge in profit after tax (PAT) to RM19.8 million.
The encouraging performance was primarily driven by the continued expansion of the group’s vessel portfolio.
This success follows the pivot into new asset classes, such as marine transportation and port and warehouse infrastructure, which expanded its operating footprint and strengthened its ability to capture new charter opportunities in the market.
In tandem, Lianson Fleet’s overall fleet utilisation also improved substantially from 51% to 78% despite the seasonal monsoon, supported by improved charter activities and the integration and deployment of its newly acquired vessels.
Alongside the strengthened earnings profile, Lianson Fleet has declared a first interim dividend of 1.0 sen per ordinary share for FY26, amounting to approximately RM11.8 million.
Managing director Lim Chern Wooi said that despite the evolving landscape within the offshore oil and gas sector, both globally and domestically, Lianson Fleet continues to see growth opportunities across its diverse business verticals.
“We remain focused on strengthening our operational capabilities and expanding our regional footprint, particularly within the Southeast Asian marine and offshore industry.
“Our recent entry into the medium-range chemical tankers marks another step in diversifying our fleet portfolio.
“The improvement in the group’s profitability reflects the progress of these strategic initiatives and resilience of our increasingly diversified business model, which we believe will bode well for our growth trajectory, delivering sustainable value,” he said.
