TH Plantations Berhad recorded revenue of RM410.3 million for the six-month period ended 30 June 2026, compared with RM410.0 million in the corresponding period last year, despite a softer commodity price environment.
For the second quarter ended 30 June 2026, the Group recorded revenue of RM220.8 million, compared with RM226.6 million in the corresponding quarter last year. The decrease was mainly attributable to lower sales volumes of CPO and palm kernel (PK), despite higher average realised selling prices during the quarter. Profit after tax for 2Q fell to RM10 million from RM16 million recorded in the same period last year.
The Group strengthened its operational performance during the period, with fresh fruit bunches (FFB) production increasing 0.9% to 332,319 metric tonnes (MT) from 329,359 MT. Oil extraction rate (OER) increased to 19.84% from 19.18% and kernel extraction rate (KER) improved to 5.07% from 4.64%.
The improved operational performance helped cushion the impact of lower average realised CPO prices, which declined to RM4,313 per MT from RM4,399 per MT in the corresponding period last year.
Profit Before Tax and Zakat stood at RM55.2 million, compared with RM54.5 million in the corresponding period last year. The increase was mainly attributable to the improvement in gross profit, which more than offset the impact of higher unrealised foreign exchange losses and the recognition of an impairment loss during the period.
Profit After Tax decreased by 11.2% to RM28.5 million from RM32.1 million, while Profit After Tax and Minority Interest (PATAMI) declined by 29.3% to RM17.4 million from RM24.6 million, mainly due to a higher proportion of the additional profit generated during the period being attributable to non-controlling interests.
