KUALA LUMPUR: Orkim Bhd remains cautiously optimistic for the financial year 2026 (FY26), underpinned by stable charter contracts and sustained demand for clean petroleum product (CPP) and liquefied petroleum gas (LPG) transportation, while continuing to monitor global shipping disruptions.

The company posted a net profit of RM24.11 million for the first quarter of its financial year ended Dec 31, 2026 (Q1 FY26), up 24.9 per cent from the preceding quarter, while revenue rose 4.5 per cent to RM88.03 million from RM84.25 million previously.

Orkim, backed by Ekuiti Nasional Bhd and listed on the Main Market in December last year, operates 16 CPP vessels and two LPG carriers.

In a statement, Orkim said the company’s fleet utilisation rate remained stable at 92 per cent, following the successful completion of its fleet-wide ballast water treatment system retrofitting programme in late 2025.

It added that a key contributor to this quarter’s performance was MT Orkim Citrine, delivered in October 2025, which contributed positively to overall revenue and fleet efficiency.

The CPP segment remained the company’s core revenue driver, accounting for 93 per cent of Q1 FY26 revenue….