Genting Plantations Bhd has declared an interim single-tier dividend of 10 sen per share, unchanged from a year earlier, even as its profit for the first half of 2026 (1H26) fell 11% to RM227.5 million from RM255.9 million.
The weaker bottom line came despite revenue rising 16% to RM1.72 billion from RM1.49 billion, supported by higher fresh fruit bunch (FFB) production and stronger sales volumes from the Downstream Manufacturing segment.
For the second quarter, revenue climbed 30% to RM996.8 million, while profit for the financial period declined 20% to RM153.5 million.
Looking ahead, Genting Plantations expects palm oil prices to remain supported by advancing biofuel blending mandates and firmer energy prices, although higher seasonal production and subdued demand from key importing countries could limit further price upside.
The group also expects FFB production to maintain positive momentum in the near term, supported by additional harvesting areas and maturing estates, while rising El Niño risks remain a potential headwind to yields.
