Velesto Energy Bhd 2024 IR
The report highlights Velesto Energy Berhad's financial and operational performance for the fiscal year 2024. The company achieved a record revenue of RM1.36 billion and doubled its profit after tax to RM208 million, supported by an 87% jack-up rig utilisation rate and 99% asset uptime. On the sustainability front, Velesto maintained its exemplary safety record with zero fatalities and zero lost time injuries for the second consecutive year. Additionally, the company reduced its emissions intensity by 6% in 2024, representing a cumulative 38% decline against its 2021 baseline.
Company: Velesto Energy Bhd
Sector: Energy
Country: Malaysia
Year: 2024
Type: IR
Pages: 43
Velesto Energy Bhd
Integrated Annual Report
The report highlights Velesto Energy Berhad's financial and operational performance for the fiscal year 2024. The company achieved a record revenue of RM1.36 billion and doubled its profit after tax to RM208 million, supported by an 87% jack-up rig utilisation rate and 99% asset uptime. On the sustainability front, Velesto maintained its exemplary safety record with zero fatalities and zero lost time injuries for the second consecutive year. Additionally, the company reduced its emissions intensity by 6% in 2024, representing a cumulative 38% decline against its 2021 baseline.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
May 28, 2025
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Water Consumption
Workplace Fatalities
Employees