MISC BERHAD INTEGRATED ANNUAL REPORT 2025 08 11 09 12 03 04 05 10 SEC 07 BUSINESS REVIEW 06 13 01 02 100 www.miscgroup.com 101 www.miscgroup.com #deliveringProgress GAS ASSETS & SOLUTIONS GAS ASSETS & SOLUTIONS MILESTONES • Delivered 13.06 MTPA worth of cargo, representing approximately 3% of the global LNG transportation volume • Safely commissioned FSU Puteri Delima Satu, recording over 500,000 man hours without a Lost Time Injury (LTI) • Achieved early deliveries for five of seven LNGCs delivered to QatarEnergy Operational Excellence 1 Project Delivery Excellence 2 MANAGING EMISSIONS PERFORMANCE AMID TIGHTENING REGULATIONS 3 MITIGATION RESULTS • Fleet GHG emissions intensity and compliance readiness was improved through fleet renewal and targeted efficiency upgrades Energy-Efficiency Upgrades • Deployed energy-efficiency technologies and energy-saving devices on selected LNGCs to optimise fuel consumption and emissions performance Targeted Retrofit Enhancements • Installed Mewis Ducts on selected LNGCs to improve propulsive efficiency • Delivered measurable fuel savings through targeted retrofits NAVIGATING THE CHALLENGES IN 2025 CHALLENGING LNGC MARKET LANDSCAPE 1 MITIGATION RESULTS Strategic Fleet Optimisation • Implemented selective lay-ups for vessels that were not economically deployable, preserving cost discipline amid softer market conditions • Cost discipline was maintained through selective lay-ups amid softer LNGC market conditions Fleet Redeployment • Redeployed vessels where commercially viable, including conversion into FSUs supported by long-term charters to sustain utilisation • Fleet utilisation remained optimised through redeployment into viable employment opportunities ADVANCING PROFITABLE NEW ENERGY BUSINESSES 2 MITIGATION RESULTS Strategic Partnerships • Formed strategic partnerships to jointly develop emerging low-carbon transportation solutions while sharing risks in early-stage markets • The GAS Business segment's readiness to support emerging low-carbon logistics requirements was strengthened Capability Development • Developed internal capabilities to support emerging low-carbon logistics requirements Profitable New Energy Business • Advance LCO₂ asset solutions through strategic partnerships and disciplined execution • Strengthen the new energy platform through delivery readiness, technical capability and partner alignment to convert opportunities into earnings Decarbonisation • Strengthen emissions reduction efforts through fleet renewal and adoption of abatement technologies • Enhance operational efficiency to improve fuel performance and GHG emissions intensity • Proactively adapt the GAS Business segment's portfolio to comply with the evolving regulatory and sustainability requirements Resilient Core • Progress fleet rejuvenation selectively, anchored by long-term contracts • Expand selectively into FSUs and FSRUs to support long-term growth • Maximise asset availability and utilisation through operational discipline, reliability initiatives and strong HSSE performance • Unlock value from ageing assets to reallocate capital to newer, modernised and efficient vessels MOVING FORWARD AWARDS AND RECOGNITIONS CSA’s Jones F. Devlin Safety Award • 6 vessels were honoured for commitment to safety
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