By WU VUIDE
KOTA KINABALU: SMJ Energy Sdn Bhd has declared and paid a RM50 million dividend to the Sabah Government for the financial year ending 31 December 2025, reinforcing the company’s growing role in the State’s oil and gas-driven fiscal performance.
The latest contribution brings the total dividends paid to the State to RM160 million since 2023, more than tripling Sabah’s initial RM50 million seed investment into the company in just three years.
With the company’s audited profit after tax of RM307 million and group assets reaching RM4.9 billion in 2024, SMJ Energy continues to strengthen its strategic portfolio across the upstream, LNG, and petrochemical sectors.
Chief Executive Officer Datuk Dr Dionysia Kibat said the company’s performance was driven by strong operations and prudent financial management.
“We’re proud to close 2025 on solid ground. This dividend reflects our strong cash flow position and our commitment to ensure Sabah benefits meaningfully from its own resources,” she said.
Rated AAA by RAM Ratings, SMJ Energy consistently deliver strong financial returns while expanding its strategic footprint across the energy value chain.
Hajiji (third left), and other ministers receiving the RM50mil dividend mock cheque.
