Overall, near-term price upside remains limited,” KLK said in the notes accompanying its financial results. KLK said its plantation segment recorded a year-on-year increase of 10% in pre-tax profit to RM635mil in 1Q26, driven mainly by stronger fresh fruit bunch (FFB) yields and firm palm kernel prices. Meanwhile, its manufacturing segment recorded a pre-tax profit of RM42mil in 1Q26, compared to a pre-tax loss of RM53mil in the corresponding period last year. The group said that following the completion of its major capacity expansion projects, it is now focused on driving earnings performance. “Backed by resilient plantation operations and improving downstream contributions, the Group remains confident that it is on track to deliver a better operational performance in FY26,” KLK said.

Source: The Star February 26, 2026 05:25 UTC