PETALING JAYA: Lianson Fleet Group Bhd closed its financial year ended Dec 31, 2025 (FYE2025) with a three-fold surge in net profit to RM101.0 million, on the back of higher revenue and improved operational performance, according to its filing with Bursa Malaysia.

Full-year revenue rose 22.9% to RM289.7 million. Profit before tax (PBT) jumped 235.6% to RM109.5 million, while profit after tax (PAT) soared 285.7% to RM101.0 million.

For the fourth quarter ended Dec 31, 2025 (Q4FYE2025), revenue increased 10% to RM85.6 million from RM77.8 million a year ago. PBT surged 89.3% to RM48.5 million, while PAT climbed 78.4% to RM46.2 million.

The offshore support vessel and marine transportation provider attributed the stronger quarterly showing to fleet expansion, which enlarged its operating base, as well as one-off gains from the disposal of ageing and non-core vessels under its fleet rejuvenation strategy.

Fleet utilisation eased slightly to 78% from 83% previously due to lower charter activity during the monsoon season, despite the integration of newly acquired vessels.

The group declared a special dividend of 1.0 sen and a fourth interim dividend of 1.0 sen per share, amounting to RM23.3 million in total.

Managing director Lim Chern Wooi said the group’s expansion into marine transportation has strengthened its revenue base and enhanced income visibility, adding that it will continue optimising its asset portfolio and pursuing long-term contracts to deliver sustainable value.

Formerly known as Icon Offshore Bhd, LFG operates 15 offshore support vessels and 39 marine transportation assets across Southeast Asia.

 The Sun Malaysia