FGV Holdings Bhd returned to the black for the first quarter ended March 31, 2025 (1Q25), posting a net profit of RM36.5 million compared to a net loss of RM13.5 million a year earlier.
Revenue rose 10.8% to RM5 billion, mainly driven by stronger crude palm oil (CPO) prices, which averaged RM4,784 per tonne versus RM3,907 last year.
The plantation division remained the group’s main revenue driver, supported by a 6% improvement in fresh fruit bunch (FFB) yield and a 24% increase in FFB prices.
Despite the current high CPO price of about RM4,700 per tonne, FGV expects prices to ease to around RM4,000 in the coming months due to better supply from favourable weather, seasonally higher cropping and the end of festive demand.
Group CEO Fakhrunniam Othman said the steady year-on-year (YoY) growth reflects the “resilience of operations and the positive impacts of ongoing agronomic improvements,” adding that the group remains focused on operational efficiency, unlocking value from underperforming assets and enhancing integration across all business divisions for long-term, sustainable growth. — TMR
RELATED ARTICLES
FGV board clarifies on Safitex debts
FGV names CFO, another former Sime Darby staff
Govt hopeful FGV will overcome challenges
FGV to sell loss-making China subsidiary for RM100m
FGV share price surged 24% last month
FGV’s Delima Oil in marketing deal with DKSH
The post FGV swings to RM37m profit in 1Q25 appeared first on The Malaysian Reserve.
