Stock Track | Oiltek Soars 3.61% Intraday on Strong 2025 Annual Report Showing RM 152.3 Million in New Contracts

Stock Track

Apr 10

Oiltek's stock price soared 3.61% during intraday trading on Friday, following the release of the company's 2025 annual report.

The report highlighted resilient execution across the company's business segments, including edible and non-edible oil refining, renewable energy, and product sales and trading. While revenue from refinery engineering and trading was softer, this was partly offset by stronger performance in renewable energy work.

Investors reacted positively to the announcement of new contract wins totaling RM 152.3 million in 2025, which supports the company's project delivery pipeline. Furthermore, the order book stood at approximately RM 350 million as of late February 2026, with fulfillment expected over the next 18 to 24 months. The company's strategic focus remains on proprietary process technology upgrades, capturing larger-scale projects, exploring joint-venture options, and pursuing a previously announced secondary listing plan on Bursa Malaysia.

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