TSH Resources Bhd’s profit after tax (PAT) fell 21.9% to RM89.1 million in the first half of 2026 (1H26), weighed by lower profit contribution from its Palm Products segment and higher operating losses from the Others segment.
Revenue for the six-month period declined 16.2% to RM456.2 million from RM544.1 million a year earlier, mainly due to a RM77.3 million drop in Palm Products revenue and a RM10.6 million decline from the Others segment.
The second quarter, however, showed stronger profitability as it 2Q26 PAT rose 6.9% to RM60.2 million from RM56.3 million a year earlier, supported by higher profit contributions from Palm Products and joint ventures.
Quarterly revenue eased to RM251 million from RM268.8 million, mainly due to a RM12 million decline in Palm Products revenue.
Looking ahead, TSH Resources expects crude palm oil prices to remain relatively stable in the second half, supported by steady export demand and firm energy prices.
The group also expects seasonal improvement in fresh fruit bunch production, while Indonesia’s B50 biodiesel policy, implemented from July 1, could lift domestic CPO consumption and support palm oil prices.
Barring unforeseen circumstances and global economic uncertainties, the group expects to deliver a satisfactory performance for FY26.
