Johor Bahru: Johor Plantations Group Bhd (JPG) posted a higher net profit of RM75.93 million in the first quarter (1Q) ended March 31, 2025, compared to RM49.97 million in the same period last year.

According to BERNAMA News Agency, the surge in net profit was attributed to higher crude palm oil (CPO) and palm kernel (PK) prices, as stated in the group’s Bursa Malaysia filing today. Revenue increased to RM340.43 million in 1Q 2025, up from RM294.91 million in the same period last year.

The group also reported that earnings per share (EPS) improved to 3.04 sen from 2.45 sen a year ago. However, CPO delivery declined to 56,203 tonnes in 1Q 2025, compared to 62,925 tonnes in 1Q 2024, and PK delivery dipped by 4.6 per cent, reflecting the industry trend.

Despite lower production volumes, the company maintained strong financial performance, driven by a 22.2 per cent increase in the average realised CPO selling price, a 65.2 per cent rise in PK selling price, and a higher selling price premium during the quarter. The group’s average CPO selling price was RM4,969 per tonne, with a premium of RM236 per tonne over the Malaysian Palm Oil Board’s (MPOB) average price. PK prices also saw a premium, averaging RM3,898 per tonne, RM269 per tonne above the MPOB reference price.

JPG declared an interim dividend of 1.00 sen per share for the quarter, payable on June 24, 2025. The group remains cautiously optimistic about its operational plans and production discipline to sustain resilient performance, considering elevated stock levels and the gradual recovery in demand.

While CPO prices may face near-term pressure amid broader global uncertainties, the group maintains a prudent outlook and is strategically positioned to capture value as market fundamentals strengthen in the coming quarters.