Kuala Lumpur: FGV Holdings Bhd has reported a net profit of RM36.48 million for the first quarter ended March 31, 2025, marking a return to profitability after a net loss of RM13.50 million in the same period last year. Revenue saw an 11 percent increase, reaching RM5.04 billion compared to RM4.54 billion in the first quarter of 2024, driven primarily by the plantation division’s robust performance.

According to BERNAMA News Agency, the company reported an increase in fresh fruit bunch (FFB) yield by six percent, alongside a 24 percent rise in FFB prices. Looking forward, FGV Holdings anticipates a decline in crude palm oil (CPO) prices from the current RM4,700 per tonne to approximately RM4,000 per tonne due to improved supply conditions, favorable weather, and the absence of seasonal demand spikes.

FGV Holdings is committed to enhancing operational efficiency and optimizing costs as part of its 2025 performance goals. In the short term, the company aims to boost yields, maximize the value of its existing assets, and expand its presence in the domestic consumer market.

Over the long term, FGV is focusing on diversifying its portfolio through high-value fast-moving consumer goods and increasing its penetration in international markets.