CAB Cakaran Corporation Bhd kicked off its new financial year with a marginally lower net profit of RM27.82 million for the first quarter ended Dec 30, 2026 (1Q26), down 1.28% from RM28.18 million in 1Q25 despite stronger operating performance.
However, the group still recorded its ninth consecutive quarter of net profit without government subsidies, underscoring the resilience of its integrated poultry operations.
Operating profit rose to RM55.67 million from RM44.11 million previously, while revenue increased 4.08% year-on-year to RM617.84 million, driven mainly by higher sales in its integrated poultry division and contributions from newly acquired CAB Feed Sdn Bhd, formerly known as Cargill Feed Sdn Bhd.
However, net profit was weighed down by a RM9.65 million fair value loss on derivative financial liabilities. Earnings per share slipped slightly to 3.98 sen from 4.02 sen a year ago.
The group’s retail division also showed improvement, posting revenue of RM39.96 million on the back of two newly opened outlets. Excluding a one-off RM400,000 insurance payout in the prior year, the division recorded a RM0.23 million increase in operating profit and has now returned to profitability for two consecutive quarters. CAB currently operates 19 retail outlets under Pasaraya Jaya Gading Sdn Bhd and Home Mart Fresh & Frozen Sdn Bhd.
Group Managing Director Christopher Chuah Hoon Phong said the group remains optimistic about FY26, supported by growing orders and a stronger sales pipeline.
He noted that the acquisition of Cargill Feed, completed in November, has begun contributing to earnings despite operating at only 60% capacity.
CAB plans to raise utilisation at the feed business to full capacity over the next two years and expects it to become an increasingly important earnings contributor. The group also anticipates additional growth from its new Indonesian venture with Salim Group.
“We foresee FY26 to be a growth year for CAB Cakaran,” Chuah said, adding that the group remains open to strategic acquisitions while maintaining operational efficiency and profitability.
