Johor Plantations quarterly profit drops 5.45%, dividend set at 1.50 sen
Lower palm oil and palm kernel deliveries weighed on revenue, while higher production helped earnings recover from the preceding quarter.
Johor Plantations Group Bhd earned RM100.32 million in the quarter ending 30 September 2026, a year-on-year decline of 5.45 per cent, its financial statements showed. The board also declared an interim dividend of 1.50 sen per share.
Quarterly revenue dropped to RM450.72 million, down 9.2 per cent against RM496.15 million a year earlier. The group said reduced deliveries were the main reason: crude palm oil (CPO) volumes declined 15.9 per cent and palm kernel volumes fell 10.4 per cent.
Selling prices provided a partial offset. The average price for CPO reached RM4,683 per tonne, a gain of 6.5 per cent, while palm kernel averaged RM3,747 per tonne after a 6.6 per cent increase.
The sequential comparison was stronger, with profit increasing 96 per cent from RM51.2 million and revenue gaining 8.4 per cent from RM415.84 million. Johor Plantations attributed much of the profit recovery to fresh fruit bunch output, which rose 35.6 per cent to 292,352 tonnes during the seasonal crop peak.
Higher output spread fixed costs more widely, bringing internal CPO production costs down 9.4 per cent from the preceding quarter's RM2,788 per tonne. At RM2,526 per tonne, however, those costs were still 13.5 per cent higher year on year.
Nine-month profit fell 21.3 per cent to RM201.93 million, reflecting increased production and operating expenses and reduced finance income. Revenue over that period declined 0.9 per cent to RM1.22 billion.
The third interim single-tier dividend totals approximately RM37.38 million and is payable on 10 December. It relates to the financial year that ends on 31 December 2026.
