Credit : Bernama
KUALA LUMPUR, November 12, 2026 – Johor Plantations Group Bhd has posted a lower net profit of RM100.26 million for the third quarter ended September 30, 2026, compared with RM106.03 million a year earlier, mainly because of lower sales volumes and higher production costs, Bernama reported, citing a Bursa Malaysia filing.
The palm oil producer said its internal crude palm oil production cost rose by 13.5 per cent to RM2,526 per metric tonne. Revenue slipped to RM450.71 million, from RM496.15 million in the same quarter last year, mainly because deliveries of crude palm oil fell by 15.9 per cent to 78,451 metric tonnes and deliveries of palm kernel fell by 10.4 per cent to 21,290 metric tonnes.
For the nine months ended September 30, 2026, the group reported a net profit of RM201.76 million, down from RM257.15 million in the same period the year before, weighed down by higher production and operating costs and by lower finance income. Revenue for January to September was RM1.22 billion. Bernama’s account of the filing also referred to a slightly higher comparative figure for the previous nine months; because that wording was internally inconsistent, this report records the current nine-month revenue of RM1.22 billion and the clear year-on-year decline in nine-month profit, and does not repeat the disputed comparative turnover figure.
The company said the nine-month revenue was affected by lower crude palm oil and palm kernel deliveries from the upstream segment, partly offset by higher midstream deliveries and by higher average selling prices for both products. In a media statement, managing director Mohd Faris Adli Shukery said the group remained committed to the “disciplined execution” of an accelerated replanting programme from 2026 to 2028, with a focus on long-term productivity through better planting materials and greater efficiency.
He said Johor Plantations was advancing mechanisation and adopting digital tools across its estates and mills, with the aim of improving workforce productivity, product quality and traceability, and of strengthening cost management. “Looking ahead, we maintain a positive production outlook, supported by ongoing improvements in yields and operational efficiency,” he said. “Nevertheless, we remain mindful of potential disruptions arising from adverse weather conditions, particularly with the onset of the monsoon season in November 2026.”
The quarter, then, is a story of less fruit leaving the mills at a higher cost per tonne, only partly cushioned by prices and by the midstream business. The company’s answer is a multi-year replanting plan, more machines and more data, and a warning about the monsoon that has just begun. Those are forward-looking statements from the managing director, not guarantees. No dividend was announced in the Bernama account of this particular filing. The results sit alongside a Bursa Malaysia filing, carried by Bernama on November 12, that already shows profit and harvested volume moving in the wrong direction for the first nine months of the year, even as selling prices offered some support.
Source : Bernama, Johor Plantations Posts Lower Net Profit Of RM100.26 Mln In 3Q.
Credit : Bernama
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