Kuala lumpur: QL Resources Bhd posted a lower net profit of RM450.35 million for the financial year ended March 31, 2026 (FY2026), compared with RM455.08 million in the previous financial year. Revenue was almost unchanged at RM7.047 billion, the integrated agro-based business group said in a Bursa Malaysia filing today. The group also declared a final interim single-tier dividend of 2.5 sen per share for FY2026.
According to BERNAMA News Agency, for the fourth quarter ended March 31, 2026, QL Resources recorded a higher net profit of RM113.34 million versus RM93.40 million in the corresponding quarter last year. It said revenue for the quarter increased to RM1.81 billion from RM1.74 billion previously, mainly due to stronger contributions from its marine product manufacturing (MPM) and integrated livestock farming (ILF) segments.
'For the current quarter, MPM's revenue increased by 10 per cent compared with the corresponding quarter, mainly driven by improved performance in fishing and aquaculture activities, alongside stable contribution from surimi-based products. This was partially offset by lower sales volumes of fishmeal and surimi, notwithstanding higher average selling prices,' it said.
QL Resources said that despite weaker performance in fishmeal and surimi, cumulative profit before tax (PBT) decreased marginally, partially offset by a recovery in fishing and aquaculture activities and improved volumes and margins in surimi-based products. As for ILF, the group said the segment's current-quarter revenue rose three per cent from the corresponding quarter previously, mainly driven by higher feed raw material trading volume despite lower unit prices.
'However, PBT decreased by 31 per cent, mainly attributable to the weaker performance of layer farming operations in Peninsular Malaysia arising from lower egg prices and the removal of the egg subsidy effective Aug 1, 2025. This was partially mitigated by a recovery in the Indonesian farming operations and stronger contributions from feed raw material trading,' it said.
On prospects, QL Resources said the global economic outlook for 2026 remains uncertain amid ongoing trade fragmentation, the United States tariff policies and geopolitical tensions, particularly in West Asia. 'These factors are expected to persist in disrupting global supply chains, moderating investment flows and contributing to foreign exchange and energy price volatility,' it said.