KUALA LUMPUR: TH Plantations Bhd’s (THP) net profit rose to RM11.79 million in the second quarter ended June 30, 2025 (2Q 2025) from RM10.41 million in the same period last year.
Revenue for the quarter under review increased 11.10 per cent to RM220.02 million from RM198.03 million previously, it said in a filing with Bursa Malaysia today.
"The improved performance was driven by higher sales volumes of crude palm oil (CPO) and palm kernel alongside improved average realised prices for CPO, palm kernel, and fresh fruit bunches (FFB),” it said.
For the first half of 2025 (1H 2025), the group reported revenue of RM399.14 million, representing a 12.33 per cent increase from RM355.33 million in the same period of the previous year.
"The revenue growth was primarily due to higher average realised prices of CPO, palm kernel, and FFB, despite a decline in sales volumes of CPO and FFB,” said THP.
In a separate statement, THP said it remains focused on improving yields and oil extraction rates through enhanced operational efficiency, good agronomic practices, and expediting the planned replanting programme.
The group is also advancing its long-term strategy to reduce reliance on manual labour through increased mechanisation and automation, including drone deployment in its nurseries.
"Looking ahead, we maintain a cautiously optimistic outlook for the second half; while palm oil prices may face pressure from the anticipated peak production season and potential stock build-up, slower output growth in Malaysia and sustained biodiesel demand in key markets such as Indonesia and the United States could provide some support.
"Barring any unforeseen circumstances, we anticipate a satisfactory performance for the financial year ending Dec 31, 2025, backed by our disciplined execution and focus on long term value creation,” it added. - Bernama
