JOHOR BAHRU — Johor Plantations Group Berhad (JPG) recorded a 95.6 per cent quarter-on-quarter (QoQ) increase in profit after tax (PAT) to RM100.3 million in the third quarter ended Sept 30, 2026 (3QFY2026), from RM51.3 million in the preceding quarter, driven by stronger fresh fruit bunch (FFB) production and favourable crude palm oil (CPO) prices.
The improved performance was supported by a seasonal recovery in internal FFB production, which boosted output and improved profit margins, alongside favourable average selling prices for CPO.
Operationally, internal FFB production increased 35.6 per cent QoQ to 292,352 metric tonnes (MT), while total FFB processed rose 18.4 per cent to 411,943 MT. The higher crop output also contributed to increased CPO and palm kernel (PK) delivery volumes, which grew 6.2 per cent and 15.7 per cent, respectively.
However, despite the quarterly recovery, cumulative crop production remained below the previous year’s level. For the nine months ended Sept 30, 2026 (9MFY2026), internal FFB production declined 11.8 per cent to 712,829 MT from 808,622 MT in the corresponding period last year.
For 9MFY2026, JPG recorded revenue of RM1.22 billion, compared with RM1.23 billion in the same period last year, while PAT stood at RM201.9 million.
The Board also declared a third interim dividend of 1.50 sen per share for FY2026, in line with the Group’s commitment to delivering sustainable returns to shareholders.
JPG Managing Director Mohd Faris Adli Shukery said the Group remained committed to executing its accelerated replanting programme from 2026 to 2028, focusing on improving long-term plantation productivity through superior planting materials and greater operational efficiency.
“Alongside this, we are advancing mechanisation and adopting digital solutions across our estates and mills to enhance workforce productivity, improve product quality and traceability, and further strengthen our cost management efforts.
“These initiatives will strengthen our upstream fundamentals and support sustainable long-term value creation,” he said.
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On the production outlook, Mohd Faris said the Group remained positive, supported by ongoing improvements in yields and operational efficiency, although it remained mindful of potential disruptions from adverse weather conditions, particularly with the onset of the monsoon season in November 2026.
“We will continue to enhance operational resilience to sustain performance over the longer term,” he added.
Meanwhile, the Group’s flagship Integrated Sustainable Palm Oil Complex (iSPOC) is progressing through its commissioning phase.
Under Phase One, the specialty oils and fats refinery, kernel crushing plant and biomass power plant are scheduled for commissioning by December 2026, while the remaining facilities are expected to begin commercial operations progressively in the first half of 2027.
Upon becoming fully operational, the refinery will mark a significant milestone in JPG’s transformation into a fully integrated company, expanding its presence across the upstream and downstream value chain.
Moving forward, JPG will focus on strengthening its integrated business model across the upstream, midstream, downstream and bioenergy segments.
Its priorities include improving upstream productivity, enhancing midstream processing capabilities and supply networks, expanding into higher-value downstream products, and pursuing further growth opportunities in bioenergy.
Guided by its Greenutrition and Greenergy strategic initiatives, the Group aims to capture greater value across the supply chain, strengthen business resilience and deliver sustainable long-term returns to shareholders.
—Bernama
