United Plantations Berhad (2089) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended 30 September 2025 rose 16.7% year-over-year to RM1,833.1 million, driven by higher CPO/PK production and average selling prices.

• Profit before tax increased 19.4% to RM834.1 million, while profit after tax grew 15.5% to RM619.7 million, impacted by a higher effective tax rate due to non-recoverable withholding tax on foreign dividends.

• Interim and special dividends totaling 44 sen per share were declared for 2025, higher than the previous year.

Financial highlights

• Operating expenses increased 10.3% year-over-year to RM1,061.5 million.

• Interest income declined 24.0% to RM14.1 million due to lower deposit rates and average deposits.

• Earnings per share for the nine months was 98.99 sen, up 15.4% year-over-year.

• Net assets per share increased to RM4.69 from RM4.50 at year-end 2024.

• Cash and cash equivalents at period end were RM563.4 million, up from RM454.9 million a year ago.

Outlook and guidance

• Management expects satisfactory results for 2025, supported by stable labor, strong operational focus, and productivity improvements.

• Palm oil prices are expected to remain supported by tightening global vegetable oil supply and expanding biodiesel demand, though high stock levels may pressure prices.