United Plantations Berhad (2089) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 rose 13.0% year-over-year to RM1,156.1 million, driven by higher CPO/PK production and prices.

• Profit before tax increased 32.1% year-over-year to RM551.5 million, with net profit up 29.5% to RM415.2 million.

• Earnings per share for the period rose 29.5% year-over-year to 66.32 sen.

• No interim dividend declared for 2025; RM460.4 million in final and special dividends paid in May 2025 for FY2024.

Financial highlights

• Q2 2025 revenue increased 16.9% year-over-year to RM638.4 million; profit before tax up 37.6% to RM329.1 million.

• Net profit for Q2 2025 was RM250.7 million, up 34.0% year-over-year.

• Net assets per share stood at RM4.41 as of 30 June 2025, compared to RM4.50 at end-2024.

• Cash and cash equivalents at period end were RM387.2 million, down from RM484.5 million at start of year.

• Total comprehensive income for six months was RM406.7 million, up 39.4% year-over-year.

Outlook and guidance

• Management expects satisfactory results for 2025, citing stable labor, strong crop commitment, and ongoing yield improvements.

• Risks include geopolitical tensions, U.S.-China trade uncertainty, and potential palm oil stock buildup if output rises and exports slow.

• Focus remains on mechanization, replanting, and cost control to maintain competitiveness amid rising input costs.