Sapura Energy Berhad (“SEB” or “the Company”) and the Company and its subsidiaries (collectively, “the Group”) today announced its proposed Regularisation Plan, aimed at facilitating the Company's exit from Practice Note 17 (“PN17”) status and returning the Group to a stronger financial and operational standing. The final plan, expected to be submitted soon, includes a proposed debt restructuring exercise to resolve about RM12.1 billion in total borrowings and trade liabilities; and a proposed capital reconstruction to set off against the Group’s accumulated losses.

Sapura Energy Berhad ("SEB" or "the Company") and its group of companies (“the Group”) today announced its Audited Financial Statements for the financial year ended 31 January 2025 (“FY2025”), confirming the Group’s first return to profitability in six years. The Group’s Profit After Tax and Minority Interest (“PATAMI”) in FY2025 stood at RM190 million, an improvement from the Loss After Tax and Minority Interest (“LATAMI”) of RM509 million it recorded in the previous year. FY2025 revenue stood at RM4.7 billion, increasing by 8.9 percent or RM385 million year-on-year, while the Group’s Earnings Before Interest, Tax, Depreciation, and Amortisation (“EBITDA”) stood at RM524 million.

Sapura Energy Berhad and its subsidiaries today announced its unaudited full year results for the financial year ended 31 January 2025, marking its first return to profitability in six years. This financial performance demonstrates the Group’s operational resilience and the results of its restructuring and turnaround efforts, indicating a clear pathway towards long-term sustainability. 

The Board of Sapura Energy Berhad today announced that the Company has entered into a Conditional Funding Agreement (“CFA”) with Malaysia Development Holding Sdn Bhd, securing the latter’s commitment to subscribe an amount of up to RM1.1 billion in nominal value of redeemable convertible loan stocks in the Company. This investment marks another significant milestone in SEB’s financial restructuring efforts, reinforcing its commitment to long-term sustainability.

The Board of Sapura Energy Berhad today announced that various classes of creditors of Sapura Energy and 22 of its subsidiaries have approved the proposed schemes of arrangement and compromise between the Scheme Companies and their respective Scheme Creditors as part of its debt restructuring plan.

Sapura Energy Berhad today announced that its drilling business have secured multiple contracts with a combined value of approximately RM3.2B.

Sapura Energy Berhad received written confirmation from the Corporate Debt Restructuring Committee on 11 January 2025 that MCF Financiers representing at least seventy-five percent in value of the Multi-Currency Financing Facilities have provided their requisite additional approval-in-principle in respect of certain refinements to the terms of the Proposed Restructuring Scheme proposed by the Company for its debt restructuring exercise.

Sapura Energy Berhad today announced its financial results for the third quarter ended 31 October 2024, demonstrating consistent revenue performance.

Sapura Energy Berhad today announced that its wholly owned subsidiary, Sapura Upstream Assets Sdn Bhd, has completed the sale of its 50 percent equity interest in SapuraOMV Upstream Sdn Bhd to TotalEnergy Holdings SAS.

The Board of Sapura Energy Berhad has announced that both its Chairman Dato’ Mohammad Azlan Abdullah and Group Chief Executive Officer Datuk Mohd Anuar Taib will be leaving their positions in the fourth quarter of the current financial year, passing the mantle to internal successors. Interim Chairman Shahin Farouque Jammal Ahmad will be redesignated as Chairman of the Board, while SapuraOMV Upstream CEO Muhammad Zamri Jusoh will take over as Group CEO.