WTK Holdings Bhd returned to the black in the first half of FY26 (1H26), posting a net profit of RM67.8 million compared to a net loss of RM4 million a year earlier, as stronger plantation earnings lifted the Sarawak-based diversified group’s performance.
Revenue for 1H26 also rose 10.8% year-on-year to RM326.4 million from RM294.7 million.
The improved performance was driven mainly by contributions from newly acquired plantation subsidiaries and higher crude palm oil prices, alongside better underlying performance across parts of the group’s operations.
For the second quarter (2Q26), net profit more than tripled to RM60.5 million from RM17.4 million, while revenue surged 41.3% to RM195.2 million, its highest quarterly level since 4Q18.
The quarterly result included a RM43.2 million one-off bargain purchase gain arising from the acquisitions of Desacorp Sdn Bhd, Imbok Enterprise Sdn Bhd and WTK Oil Mill Sdn Bhd.
WTK’s plantation division remained its largest contributor, with 2Q26 revenue jumping 82.1% to RM143.3 million. Excluding the one-off acquisition gain, the segment still recorded stronger underlying profitability, supported by the enlarged plantation portfolio and firmer CPO prices.
The group’s planted area has expanded to about 32,000 hectares following the RM555 million plantation acquisitions completed in April.
Executive Director Francis Lai said contributions from the newly acquired assets were beginning to flow through to earnings, while WTK would continue to improve productivity and optimise its plantation portfolio.
WTK ended 1H26 with RM313.8 million in cash and bank balances and generated RM133.1 million in net operating cash flow.
Barring unforeseen circumstances, the group expects to deliver a positive performance for FY26, supported by its enlarged plantation base, elevated CPO prices and improving contributions from its food and tapes businesses.
