Jutal Offshore Oil Services declares interim dividend despite H1 revenue plunge

Jutal Offshore Oil Services Limited announced an interim dividend of HK$0.015 per share for the six months ended June 30, 2025, payable on October 17, 2025. Shareholders on record as of September 26, 2025, will be eligible. The dividend comes as the company reported a substantial decrease in revenue to RMB428.27m for H1 2025, down 67% from RMB1.28bn in the prior year. Profit attributable to owners also fell to RMB56.05m from RMB177.31m.

The company attributes the revenue decline to a reduced workload in construction sites and international political factors affecting overseas markets, which led to a RMB959.98m decrease in oil and gas services revenue. Despite the overall downturn, revenue from new energy and refining and chemical industries increased by RMB104.29m. The company maintained a strong financial position with working funds of RMB967.37m and available undrawn banking facilities of RMB828.91m as of June 30, 2025.

In response to market conditions, Jutal Offshore Oil Services is focusing on strengthening production capacity for wind power products and advancing construction of Quay#2 at its Zhuhai site, with an estimated investment over RMB200m. This project, expected to be completed in H1 2026, aims to enhance the company's competitiveness in offshore oil and gas and international logistics services.