Riverstone Holdings Ltd (AP4.SI) saw its stock price plummet by 4.83% in Friday's pre-market trading session, despite announcing an interim dividend. The significant drop suggests that investors were unimpressed with the company's second-quarter financial results for the fiscal year 2025.

On Thursday, Riverstone reported its financial results for the second quarter of FY2025. The company announced quarterly revenue of 244.8 million ringgit and a net profit of 45.4 million ringgit. Additionally, Riverstone declared an interim dividend of 2.5 sen per share for the quarter.

The sharp decline in Riverstone's stock price, despite the dividend announcement, indicates that the financial results may have fallen short of market expectations. Investors might have been anticipating stronger revenue growth or higher profitability, leading to a sell-off in the stock. The market's negative reaction suggests that concerns about the company's performance outweighed the positive sentiment from the dividend payout, resulting in the significant 4.83% drop in share price.