United Plantations Bhd ( (UPBMF) ) has released its Q1 earnings. Here is a breakdown of the information United Plantations Bhd presented to its investors.
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United Plantations Berhad is a Malaysian company primarily engaged in the cultivation and processing of palm oil and other plantation crops, known for its sustainable practices in the agriculture sector.
In its first quarter of 2025, United Plantations Berhad reported a strong financial performance with an 8.6% increase in revenue to RM517.6 million and a 23.2% rise in profit after tax to RM164.5 million compared to the same period last year. The company attributed this growth to higher production and prices of crude palm oil (CPO) and palm kernel (PK).
Key financial highlights include a 24.6% increase in profit before taxation to RM222.4 million, driven by a significant contribution from the plantation segment, which saw a 34.1% rise in profit before tax. The refinery segment also experienced a revenue increase, although its profit before tax decreased due to hedging losses. Earnings per share improved by 22.9% to 26.24 sen.
Looking ahead, United Plantations Berhad remains focused on enhancing productivity through mechanization and replanting initiatives. Despite potential challenges from geopolitical tensions and market volatility, the company is optimistic about achieving satisfactory results for the remainder of 2025, supported by stable labor conditions and strategic operational improvements.