PETALING JAYA: FGV Holdings Bhd
posted a 58% year-on-year (y-o-y) rise in earnings to RM136mil, or earnings per share (EPS) of 3.75 sen, for the second quarter ended June 30 (2Q25), helped by an improved performance from its oil palm plantation division.
FGV, which will delist from the Main Board of Bursa Malaysia today, posted a 5% y-o-y rise in revenue to RM5.8bil in the quarter, assisted by higher fresh fruit bunch (FFB) production and firmer crude palm oil prices.
The quarter performance was impacted by a softer performance for its downstream businesses particularly by the oils and fats division. The land lease agreement fair value charge in the quarter rose to RM131.84mil from RM66.68mil in the corresponding period last year.
“Our performance this quarter reflects FGV’s resilience and ability to adapt in a challenging environment. We are steadily progressing in strengthening our core businesses while building new growth pathways that will position FGV for the future,” said Fakhrunniam Othman, group chief executive officer of FGV.
FGV’s plantation division posted a higher profit of RM157mil in 2Q25 compared to RM101mil in 2Q24, supported by higher FFB production at 1.13 million tonnes.
Estate operational costs declined by 21% on-year in the period while the oil extraction rate was slightly lower at 20.09% versus 20.48% in 2Q24.
Total FFB received in 2Q25 increased by 5% to 3.85 million tonnes.
In total, 1.12 million tonnes of 29% of FFB was produced internally by FGV estates, 1.1 million tonnes (29%) was sourced from third parties and the remaining 1.63 million tonnes (42%) of FFB were received from the Federal Land Development Authority (Felda) settlers.
In a release, FGV stated FFB production in the second half of the year will be stronger and it will continue to prioritise operational excellence, expanding value-added offerings, strengthening market presence and enhancing both capacity and supply chain efficiency.
Fakhrunniam said post delisting, FGV will focus on three priorities – improving productivity, seeking growth and its people.
FGV has been taken private by Felda and persons acting in concert on the second attempt after tabling a RM1.30 a share offer to other shareholders.
