Link: https://links.sgx.com/1.0.0/corporate-announcements/VYGW97LM11L851WN/7ee89d0cb6bcf0d77653886bc6dea644d24150b33fd6fc815a9156d236b3ff1d

Summary:

• TSH Resources Berhad reported a robust financial performance for Q1 2025, with revenue increasing by 14% to RM275.3 million and core profit before taxation surging by 122% compared to the same period in 2024.
• This significant growth was primarily driven by the Palm Products segment, benefiting from higher average selling prices of Crude Palm Oil (CPO) and Palm Kernel (PK), alongside a marginal increase in fresh fruit bunch (FFB) production.
• The "Others" segment also contributed to higher revenue, mainly due of increased sales from rubber and wood products, while the overall operating profit was boosted by lower upkeep and maintenance expenditures.
• While Q1 2025 performance showed strong year-on-year growth, revenue and core profit were lower compared to the preceding quarter (Q4 2024), largely due to seasonally lower FFB production.
• Despite recent declines in CPO prices, the Group maintains a positive outlook for 2025, underpinned by strong cash flow, a solid balance sheet, and ongoing new planting programs aimed at enhancing long-term shareholder value.