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That’s why I said your statement show your stupidity and childish. People make correction on your stupid statement, you claimed others too serious? Because of telling you the fact?
I got nearly 400k shares with average price of 0.185, my unrealized profit about 70%, guess I will get additional how much and how many % with this 2.25 sen dividend?
2.25sen dividend declared. 10% dividend yield for 20sen entry.
Now at 30sen, don’t miss RM 265m payout in August. Another 10%. For those buy below 20sen, that’s 25% on dividend alone for less than one year holding.
Velesto Energy Berhad: Q4 & Full Year 2025 Performance Insight
Velesto Energy has wrapped up its 2025 financial year. While the numbers show some "choppy waters" in terms of revenue, the company is making strategic moves to stay lean and reward its shareholders.
? Financial Snapshot: The Highs and Lows
Revenue Dip: For the full year 2025, revenue landed at RM 898.6 million, a significant drop from 2024’s RM 1.36 billion. ?
Resilient Profit: Despite the lower revenue, the company maintained a healthy Net Profit of RM 202.2 million for the year (only slightly down from RM 207.7 million in 2024). ?
Earnings Per Share (EPS): 2.46 sen for the year. ?
? Segment Performance: The Drilling Heartbeat
The Drilling Services segment remains the powerhouse of the group:
The Challenge: Revenue decreased primarily because the major i-RDC project ended in October 2024. Additionally, average daily charter rates for jack-up rigs softened from USD 126k/day to USD 112k/day. ?
Utilization: Rig utilization rates dropped to 72% (from 87% the previous year). ?
Others Segment: This includes workover operations and specialized services, which recorded a small loss before tax of RM 4.0 million for the year. ?
? Strategic Moves & Corporate Updates
Velesto is busy optimizing its "fleet" and balance sheet:
Selling NAGA 3: The company is selling the NAGA 3 jack-up rig for USD 63.0 million (approx. RM 258.4 million). This is part of a plan to focus on more modern, competitive rigs. ?➡️?
Divesting Workover Business: They are also selling their stake in Velesto Workover Sdn Bhd for RM 16.5 million.
Capital Reduction: A massive RM 1.2 billion capital reduction was completed in August 2025 to wipe out accumulated losses and strengthen the equity position. ?✨
? Rewards for Shareholders
Despite the revenue decline, Velesto is sharing the wealth:
New Dividend Declared: A second interim dividend of 2.25 sen per share (totalling RM 184.9 million) has been announced. ?
Payment Date: Mark your calendars for 25 May 2026! ?
? Looking Ahead: The 2026 Outlook
Order Book: Velesto enters 2026 with a solid order book of RM 1.3 billion. ?✅
Rig Readiness:
NAGA 2 & 6 are contracted well into 2026.
NAGA 4 is prepping for a new contract in Vietnam starting Q2 2026.
Market Reality: Oil prices are expected to hover in the mid-USD 60s, and global demand for jack-up rigs remains stable at around 82%. ??
? Key Takeaways
Efficiency over Volume: Even with much lower revenue, Velesto managed to keep its bottom-line profit nearly stable compared to last year. ⚖️
Asset Refresh: Selling older rigs like NAGA 3 provides a cash injection and allows the company to focus on high-performance assets. ?
Dividend Focus: The 2.25 sen dividend shows management's commitment to returning value to investors even during transitional periods. ?
Steady Pipeline: With RM 1.3 billion in orders, the company has a clear "runway" for the year ahead. ✈️