IOI Corp Posts Higher 2Q Net Profit Of RM528.5 Mln

KUALA LUMPUR, Feb 24 (Bernama) -- IOI Corporation Bhd (IOI Corp) posted a higher net profit of RM528.50 million in the second quarter of the financial year ending June 30, 2026 (2Q FY2026) compared with RM111.10 million a year earlier.

In a Bursa Malaysia filing, the palm oil producer said the better performance was due to mainly to a higher contribution from resource-based manufacturing segment and marginally higher contribution from plantation segment.

The company also reported that its revenue increased to RM3.01 billion from RM2.97 billion previously.

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For the first six months ended Dec 31, 2025, IOI Corp improved its net profit to RM897.90 millionfrom RM821.80 million in the preceding year’s corresponding period due mainly to higher contribution from resource-based manufacturing and plantation segments.

It also chalked up a better revenue of RM6.06 billion compared to RM5.64 billion in the year-ago period.

IOI Corp declared a first interim dividend of 5.5 sen per share for the quarter under review, which is payable on March 24, 2026.

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On prospects, the company said it expected its operating and financial performance for the remaining quarters of FY2026 to be resilient and satisfactory despite ongoing market challenges.

For the plantation segment, fresh fruit bunches production is projected to trend higher, driven by a larger proportion of oil palms reaching prime age, despite the ongoing accelerated replanting in Sabah. 

“Continued enhancements in estate management practices, increased mechanisation and the rollout of digital initiatives are expected to further enhance our productivity.

“We remain positive on the outlook of the plantation segment and expect it to deliver resilient financial performance in FY2026," it said.

-- BERNAMA