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    Oil & Gas Drilling
Velesto Energy Berhad

Velesto Energy Berhad

5243.KL
Velesto Energy BerhadMY flagMalaysian Stock Exchange
0.29
MYR
+0.01
- -
2.36BMarket Cap
Velesto Energy Berhad
5243.KL
(Malaysian Stock Exchange)

Recent

price

0.29

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.16
0.25
0.33
0.44
0.46
0.38
0.14
0.19
0.07
0.08
0.07
0.05
0.07
0.15
0.17
0.11
0.1
Revenue per Share
-0.02
0.04
0.03
0.11
0.11
-0.17
-0.53
-0.37
- -
- -
-0.06
-0.01
-0.01
0.01
0.03
0.02
0.02
Basic EPS, GAAP
-0.09
0.01
- -
-0.27
-0.67
-0.63
-0.05
-0.02
0.02
0.01
0.03
-0.01
-0.02
0.03
0.04
0.03
0.02
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.02
0.01
Dividend per Share
0.02
0.01
0.04
0.81
0.72
0.55
0.02
0.51
0.23
0.23
0.17
0.16
0.15
0.16
0.21
0.22
0.22
Book Value per Share
0.02
0.07
0.1
1.67
1.44
1.51
1.02
0.8
0.34
0.34
0.28
0.27
0.28
0.3
0.31
0.29
0.29
Tangible Book Value per Share
2,215
2,215
2,215
1,693
2,215
2,215
2,215
3,063
8,125
8,216
8,216
8,216
8,216
8,216
8,216
8,216
8,217
Basic Weighted Avg Shares
347
547
721
737
1,014
839
321
587
574
671
547
378
581
1,214
1,360
893
857
Sales/Revenue/Turnover
-7.17
24.1
17.21
27.48
26.79
2.18
-99.41
-170.48
9.81
18.54
6.45
-26.47
-7.75
13.5
21.44
26.02
24.37
Operating Margin (%)
51
50
64
90
133
246
291
259
191
198
243
157
168
202
246
207
207
Depreciation Expense
-49
78
73
189
252
-369
-1,177
-1,127
-20
33
-492
-91
-100
100
208
202
177
Net Income, GAAP
- -
22.49
15.74
7.15
10.7
- -
- -
- -
- -
22.18
- -
- -
- -
17.9
22.22
14.23
14.13
Effective Tax Rate (%)
-13.98
14.31
10.12
25.65
24.85
-44.01
-366.96
-192.11
-3.4
4.95
-89.91
-24.06
-17.29
8.2
15.27
22.64
20.7
Profit Margin (%)
-436
-433
-439
1,128
184
-998
-803
515
612
376
415
261
175
292
195
261
308
Working Capital
715
685
583
548
1,011
1,747
2,273
1,399
1,348
999
877
307
310
248
3
7
6
LT Debt
51
182
251
2,839
3,208
3,343
2,261
2,764
2,799
2,803
2,271
2,258
2,282
2,475
2,571
2,393
2,418
Total Equity
- -
11.37
10.27
7.93
5.3
- -
- -
- -
- -
2.32
- -
- -
- -
4.73
8.09
7.53
6.75
Return on Invested Capital (%)
- -
12.38
12.17
13.65
8.99
- -
- -
- -
- -
3.21
- -
- -
- -
7.88
13.07
11.11
9.58
Return on Capital (%)
- -
227.94
125.81
25.94
17.03
-26.19
-184.96
-139.13
-1.13
1.76
-29.58
-6.62
-7.87
7.8
13.68
11.62
9.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
119
118
119
LT Borrowings
- -
- -
- -
LT Finance Leases
2
7
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8,216
8,216
8,235
Market Capitalization
2,013
2,259
2,794

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
612
695
685
Cash, Cash Equivalents & STI
169
222
240
Accounts Receivable, Net
335
75
300
Inventories
105
99
97
Total Current Liabilities
348
434
376
Payables & Accruals
- -
- -
- -
ST Debt
119
118
119
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.18%
1.18%
-6.94%
Free Cash Flow
-71.42%
-75.09%
-40.02%
Net Income, GAAP
-189.82%
-32.81%
-2.66%
Sales/Revenue/Turnover
12.69%
21.91%
-34.36%
Total Cash Common Dividend
- -
- -
250%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
339
393
352
276
1,360
2025
225
200
240
234
893
2026
183
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
0.01
0.03
2025
0.01
0.01
0.01
0.01
0.02
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
0.01
0.02
2026
- -
- -
- -
- -
- -
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Business
Velesto Energy Berhad is a Malaysia-based multinational provider of drilling and related services to the upstream oil and gas industry. The company owns and operates a fleet of six premium jack-up drilling rigs, including the NAGA series (NAGA 4, NAGA 5, NAGA 6, NAGA 7 and NAGA 8), capable of operating in water depths up to 400 feet and drilling to depths of 30,000 feet; two hydraulic workover units offering re-completion, intervention and plug & abandonment services; and oilfield services encompassing threading, inspection and repair of oil country tubular goods with a focus on premium connections, conducted in Tianjin, China. It also provides integrated drilling and workover services, such as integrated rig, drilling and completion (i-RDC) contracts, and operates the Velesto Drilling Academy for technical training of oil and gas professionals. Founded in 1988 and headquartered at Plaza Sentral in Kuala Lumpur, Malaysia, Velesto operates primarily in Southeast Asia, including Malaysia, Indonesia, Vietnam, Thailand, the Philippines and Sarawak offshore regions, serving local and international oil companies such as PETRONAS, PTTEP, Hess, Phu Quoc Petroleum Operating Company (PQPOC) and PC Ketapang II Ltd. In recent developments, Velesto secured a four-year drilling contract worth US$90 million for its NAGA 8 jack-up rig from PC Ketapang II Ltd, PC North Madura II Ltd and PETRONAS North Ketapang Sdn Bhd in Indonesia, commencing July 2025 with 12 firm wells and three optional wells; awarded a contract from Phu Quoc Petroleum Operating Company for NAGA 4 to drill more than 40 wells offshore Vietnam starting in the first half of 2026, valued over US$40 million; and obtained a US$40 million drilling contract from PTTEP HK Offshore Ltd and PTTEP Sarawak Oil Ltd for NAGA 5 to drill 15 firm wells in Malaysia beginning June 2025. The company upgraded NAGA 5 and NAGA 6 with offline capabilities in 2022, implemented NOVOS automated drilling on NAGA 4 and installed Starlink internet on NAGA 4 and NAGA 8 in 2023, enhancing operational efficiency and technological integration across its fleet. These contracts strengthen fleet utilization to over 75-81% and support earnings visibility through 2028, with an order book exceeding RM1.7 billion as of early 2024.