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.