IOI Corporation (IOICORP) Q3 2025 earnings summary

Executive summary

• Q3 FY25 profit before tax rose 82% year-over-year to RM335.2 million, with operating profit up 41% to RM310.5 million and profit for the period up 115% to RM266.2 million.

• For the nine months YTD FY25, revenue increased 19% to RM8,374.6 million and profit for the period grew 43% to RM1,100.7 million.

• Net profit attributable to owners for Q3 FY25 more than doubled year-over-year to RM262.3 million; EPS rose 114% to 4.23 sen.

• Underlying PBT for Q3 FY25 was RM352.2 million, up 7% year-over-year, and for nine months was RM1,215.6 million, up 15%.

Financial highlights

• Q3 FY25 revenue increased 11% year-over-year to RM2,735.6 million; nine-month revenue up 19% to RM8,374.6 million.

• Q3 operating profit grew 41% year-over-year to RM310.5 million; nine-month operating profit up 20% to RM1,002.0 million.

• Q3 FY25 profit before tax surged 82% year-over-year to RM335.2 million; EPS rose 114% to 4.23 sen.

• Net FX translation loss in Q3 FY25 was RM9.2 million, a significant reduction from RM84.2 million in Q3 FY24.

• Total comprehensive income for Q3 FY25 was RM220.8 million, up 47% year-over-year.

Outlook and guidance

• CPO price expected to range between RM3,700 and RM4,000 per MT for the rest of FY25, with higher FFB production anticipated in Q4 FY25.

• Refinery margins may face pressure due to increased CPO levy in Indonesia, while oleochemical margins are expected to improve as palm kernel oil prices decline.

• Overall operating and financial performance for Q4 FY25 projected to be satisfactory.