Link: https://links.sgx.com/1.0.0/corporate-announcements/G7EWTWA3HA4088JP/e9f29f4c51a39f3872eec8e5b0e86f11d366a89ead692c41bdb1a1dcf5d9746d

Summary:

• Revenue increased 10% year-on-year to RM544.1 million for the six months ended 30 June 2025, mainly driven by stronger sales and higher prices in the Palm Products segment.

• Core profit before tax rose by 63% to RM148.1 million; profit before tax more than doubled to RM150.0 million, aided by improved volumes and prices.

• Net profit attributable to owners surged 139% to RM97.4 million in 1H 2025; total net profit for the group reached RM114.1 million (up 126% year-on-year).

• Gross profit jumped 31% to RM243.7 million, with operating profit up 60% to RM144.7 million.

• Earnings per share more than doubled to 7.28 sen in 1H 2025 (vs. 2.95 sen a year earlier).

• Strong cash flow: net increase of RM80 million in cash and equivalents during 1H 2025; cash and bank balances at RM325 million as at 30 June 2025.

• Group maintains a net cash position and strong balance sheet, enabling ongoing growth and investment.

• Palm Products segment operating profit up 53% year-on-year, supported by higher sales volumes and average prices—especially for palm kernel.

• “Others” segment (e.g., wood products) reported larger operating losses due to weaker demand and inventory write-downs.

• Management expects stable CPO prices in 2H 2025, sustained by healthy demand and competitive palm oil pricing versus soybean oil.

• Group remains confident in delivering a strong full-year performance, with strategic projects and new plantings supporting future productivity and value creation.