CIMB Research said United Malacca’s Indonesia segment delivered stronger growth, even though Malaysia remained the key earnings contributor. In the first half of the financial year 2026 (1H26), United Malacca’s Malaysian plantation operations accounted for 81% of total earnings before interest, tax, depreciation and amortisation (Ebitda). “However, United Malacca’s Indonesian plantation operations recorded faster y-o-y Ebitda growth, benefitting from a lower base. “Higher production volumes also helped reduce unit production costs, further improving profitability at United Malacca’s Indonesian operations,” said CIMB Research. Meanwhile, Kenanga Research pointed out that the Indonesia operation is still expanding, from 8,000ha out of the 11,000ha available for planting.

Source: The Star December 22, 2025 10:33 UTC