JOHOR BAHRU: Johor Plantations Group Berhad (JPG or the Group) recorded revenue of RM356.7 million for the first quarter ended 31 March 2026 (1QFY2026), representing a 4.8% year-on-year (YoY) increase, underpinned by resilient operational execution and sustained pricing outperformance over industry benchmarks.
The Group delivered a solid operational performance during the quarter, driven by higher Crude Palm Oil (CPO) and Palm Kernel (PK) delivery volumes, increased external crop intake, sustained mill throughput and improved extraction performance, a creditable outturn given the seasonal low crop cycle.
During the quarter, higher processing volumes across the Group’s mills were supported by expanded Outside Crops Purchases (OCP) intake from its established sourcing network, including independent smallholders. This enabled JPG to sustain operational momentum and optimise mill utilisation despite the seasonal low crop period. Improved extraction performance and disciplined operational execution across the Group further supported revenue growth and operational profitability, demonstrating the Group’s operational resilience amid seasonal and market volatility.
The Group recorded Profit After Tax (PAT) of RM50.3 million for the quarter, reflecting a normalisation in commodity prices from the exceptionally elevated levels recorded in the corresponding quarter last year.
Despite the softer pricing environment, JPG continued to command a price premium over Malaysian Palm Oil Board (MPOB) benchmark averages, with average CPO and PK selling prices of RM4,260 per MT and RM3,529 per MT respectively, exceeding MPOB averages of RM4,152 per MT and RM3,396 per MT respectively.
The Board has declared a first interim dividend of 1.00 sen per share for FY2026, reaffirming the Group’s commitment to delivering sustainable shareholder returns.
“Amid evolving geopolitical and market uncertainties, JPG remained focused on operational discipline, supply chain resilience and long-term value creation. Our ability to consistently achieve pricing above MPOB benchmarks reflects the quality of our integrated operations and the strength of our commercial execution.
While rising energy and logistics costs continue to influence the broader operating environment, the Group is largely insulated from near-term cost pressures, having secured both pricing and supply for our 2026 fertiliser requirements through proactive procurement strategy,” said Mohd Faris Adli Shukery, Managing Director of JPG.
JPG enters the remainder of FY2026 with sustained operational momentum and a clear strategic growth pipeline. Phase 1 of the Integrated Sustainable Palm Oil Complex (iSPOC) remains on track for commissioning within the year, supporting the Group’s downstream expansion and integrated value chain strategy. In parallel, the Group remains focused on operational excellence, accelerated replanting and continued expansion of certified supplier network to strengthen long-term productivity.
