PETALING JAYA: Johor Plantations Group Bhd
’s net profit nearly doubled to RM100.3mil in the third quarter ended Sept 30, 2026 from RM51.3mil in the preceding quarter, as a seasonal recovery lifted crop production and improved margins, it said.
“The 95.6% quarter-on-quarter increase was driven by higher internal fresh fruit bunch (FFB) production following a seasonal recovery, which further improved the profit margins, supported by favourable crude palm oil (CPO) average selling prices,” Johor Plantations said in a statement.
It said its mills processed 411,943 tonnes of FFB, up 18.4% from the previous quarter. Deliveries of CPO and palm kernel rose 6.2% and 15.7%, respectively.
“Despite the encouraging quarterly recovery, cumulative crop production remained below the previous year’s level.
“For the nine months ended Sept 30, (9M26), internal FFB production stood at 712,829 tonnes, representing an 11.8% decline from 808,622 tonnes in the corresponding period last year,” the group said.
Johor Plantations posted a nine-month profit after tax of RM201.9mil on revenue of RM1.22bil, compared with revenue of RM1.23bil a year earlier.
It declared a third interim dividend of 1.5 sen per share for the financial year ending Dec 31, 2026 (FY26).
Managing director Mohd Faris Adli Shukery said Johor Plantations was pursuing longer-term gains in estate productivity through replanting and changes to the way it runs its estates and mills.
“We remain firmly committed to the disciplined execution of our accelerated replanting programme from 2026 to 2028, with a focus on improving long-term plantation productivity through superior planting materials and greater operational efficiency,” he said.
“Alongside this, we are advancing mechanisation and adopting digital solutions across our estates and mills to enhance workforce productivity, improve product quality and traceability, and further strengthen our cost management efforts.”
Faris said the group remained positive about production, although weather could disrupt operations in the coming months.
“Nevertheless, we remain mindful of potential disruptions arising from adverse weather conditions, particularly with the onset of the monsoon season in November 2026. We will continue to enhance operational resilience to sustain performance over the longer term,” he added.
Separately, Johor Plantations said its Integrated Sustainable Palm Oil Complex (iSPOC) was in the commissioning phase. A specialty oils and fats refinery, kernel crushing plant and biomass power plant are scheduled for commissioning by December 2026.
“As the refinery becomes fully operational, iSPOC will mark a significant milestone in Johor Plantations’ transformation into a fully integrated company, expanding its presence across the upstream and downstream value chain,” it said.
Johor Plantations said the complex’s other facilities were expected to begin commercial operations in stages in the first half of 2027. The complex will support the group’s expansion into higher-value specialty oils and fats.
