Kuala lumpur: Genting Plantations Bhd reported a net profit of RM86.50 million for the third quarter (3Q) ended September 30, 2025, an increase from RM83.05 million in the same period last year. The rise in profit was attributed to stronger palm kernel prices and improved sales volume.

According to BERNAMA News Agency, the company’s revenue also saw a significant increase, reaching RM846.96 million from RM718.53 million. This growth was supported by a higher contribution from the property segment due to newly launched projects, as well as enhanced sales volume in the downstream manufacturing segment. The company noted that crude palm oil prices during 3Q 2025 were buoyed by increasing biodiesel demand and substantial buying interest from India, particularly in anticipation of the festive season.

Despite the positive trends, the company highlighted that the ample supply of US soybeans, resulting from a build-up in inventories due to a sharp decline in China’s imports, exerted downward pressure on soybean prices, which in turn affected palm oil prices. In a filing with Bursa Malaysia, Genting Plantations explained that the achieved crude palm oil (CPO) prices for 3Q 2025 were comparable to the same period last year and showed an increase on a year-to-date basis.

The company further reported that the average selling price of CPO was RM3,779 per metric tonne during the quarter, compared to RM3,725 a year earlier. Meanwhile, the average selling price for palm kernel rose to RM3,294 per metric tonne from RM2,590 in 3Q 2024. However, the production of fresh fruit bunches (FFB) saw a year-on-year decline due to a low cropping trend in some of the group’s estates.

For the nine-month period, Genting Plantations recorded a rise in net profit to RM340.33 million from RM211.0 million, with revenue increasing to RM2.33 billion from RM2.08 billion. In a separate statement, the company indicated that its prospects for the remainder of the year will largely depend on the performance of its mainstay plantation segment, which is reliant on palm product prices and FFB production.

It also mentioned the positive market response to recent developments in the property segment, including the U.Reka in Genting Indahpura and Genting Industrial City in Genting Pura Kencana, both located in Johor. The company plans to initiate more launches in response to this encouraging reception.