Lianson Fleet Group Posts Fourfold Profit Surge as Marine Transport Pivot Takes Hold

Lianson Fleet Group has delivered its strongest earnings signal to date, with core profit for 9M25 rising fourfold to RM45 million from RM9 million a year earlier. The performance confirms the group’s strategic shift toward marine transport and disciplined capital recycling, which has diversified earnings away from the more cyclical offshore support vessel segment.

Lianson Marine Transport Pivot

The group is positioned for a significant earnings inflection in FY26, supported by the full deployment of five bulk carriers and improving operating leverage across its fleet. Analysts project the company is on track to exceed RM100 million in profit before tax by FY26.

Growth visibility has been further strengthened by LFG’s recent jack-up drilling joint venture with Petrovietnam Drilling, opening a multi-year earnings runway beyond FY27 across marine, energy-services, and infrastructure segments.

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