KUALA LUMPUR: Diversified conglomerate PPB Group Bhd
posted a higher net profit of RM338.08 million in the second quarter ended June 30, 2026 (2Q 2026), compared with RM279.83 million in the same quarter a year ago.
Revenue for the quarter under review fell to RM1.31 billion versus RM1.35 billion in the same quarter previously.
The group said that its grains and agribusiness segment revenue for 2Q 2026 decreased by seven per cent to RM862 million (2Q2025: RM930 million), mainly attributable to lower sales across the flour, feed and livestock sub-segments.
"As for the film exhibition and distribution segment, revenue for 2Q 2026 decreased by 12 per cent to RM185 million (2Q2025: RM210 million),” the company said in a filing with Bursa Malaysia today.
On prospects, PPB said the grains and agribusiness segment continues to operate in a challenging environment amid unresolved West Asia conflicts and their impact on global trade and economic activity, weather-related disruptions to grain supplies, and ongoing price volatility.
"Beyond grain prices, logistics, energy and other input costs are expected to remain key cost pressures in the second half of 2026,” it added.
The group will continue to strengthen its grain procurement strategy through diversified sourcing, prudent inventory management and close monitoring of global grain market developments, to mitigate supply disruption and price volatility risks.
"The stronger ringgit against the US dollar has provided some relief to grain importers, although margin pressure is expected to persist,” it said. - Bernama
