Kuala lumpur: QL Resources Bhd reported a decrease in net profit to RM116.23 million for the second quarter of the financial year 2026, ending September 30, 2025, from RM128.28 million in the previous year.

According to BERNAMA News Agency, the company’s revenue also experienced a decline, dropping to RM1.73 billion for the quarter, compared to RM1.87 billion previously. This decline was primarily attributed to significantly lower fishmeal sales volumes, which were impacted by poor overall fish landings and depressed international fishmeal prices.

In its filing with Bursa Malaysia, the agro-food producer noted a decrease in net profit for the first half of FY2026 to RM216.83 million, down from RM235.71 million in the same period of FY2025. Revenue for the first half also fell slightly to RM3.44 billion from the previous RM3.49 billion.

Looking towards the next quarter ending December 31, 2025, the company expressed that despite subdued domestic consumer sentiment due to economic uncertainty and rising operating costs from the sales and service tax, the management remains cautiously optimistic. The company also mentioned that business performance is expected to stay satisfactory, bolstered by the diversified and resilient nature of its staple food businesses.