The Sun Online – Orkim posts stronger Q1 as fleet expansion lifts earnings

SELANGOR: Orkim Bhd, a leading marine transportation company, recorded a revenue of RM88.03 million for Q1 of its financial year ending Dec 31, 2026 (FY26), representing an increase of 4.5% from the RM84.25 million recorded in Q1 of FY25....

The Sun Online – Orkim posts stronger Q1 as fleet expansion lifts earnings

SELANGOR: Orkim Bhd, a leading marine transportation company, recorded a revenue of RM88.03 million for Q1 of its financial year ending Dec 31, 2026 (FY26), representing an increase of 4.5% from the RM84.25 million recorded in Q1 of FY25.

Profit before tax (PBT) and profit after tax (PAT) were RM24.15 million and RM24.11 million, respectively, representing increases of 28.4% and 24.9% over the preceding quarter.

The fleet utilisation rate remained stable at 92%, following the successful completion of the group’s fleet-wide ballast water treatment system retrofitting programme in late 2025.

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….

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