IOI Corp upbeat on FY26 upstream prospects

IOI’s capital expenditure is expected to rise to RM900mil in FY26 against approximately RM700mil in FY25.

PETALING JAYA: IOI Corp Bhd (IOI) is poised to leverage its upstream operations in financial year 2026 (FY26), despite continued accelerated replanting activities next year.

According to UOB Kay Hian (UOBKH) Research, the group’s fresh fruit bunches (FFB) are projected to grow by 5% to 10% year-on-year (y-o-y), attributable to its estates’ improving yield and age profile.