Sarawak: Sarawak Oil Palms Bhd’s (SOPB) net profit for the third quarter (3Q) ended September 30, 2025, slipped to RM110.95 million from RM121.80 million in the same period last year. The decline in profit was primarily attributed to losses in operating expenses, which amounted to RM11.85 million during the quarter under review, compared to a profit of RM26.40 million in the same quarter last year, as stated by the company in a stock exchange filing.

According to BERNAMA News Agency, SOPB’s revenue also saw a decrease, dropping to RM1.34 billion from RM1.38 billion in the previous year. Despite the quarterly decline, the company reported a higher net profit for the nine-month period, reaching RM316.63 million compared to RM306.95 million in the same period last year. Revenue for the nine months rose to RM4.08 billion from RM3.85 billion, driven by higher realised selling prices during the quarter.

The group indicated that its future prospects would largely depend on the cyclical production of fresh fruit bunches (FFB), global edible oil price movements, and the supply chain’s effect on fertilisers, chemicals, and fuel prices, which all contribute to production costs. SOPB is implementing measures to enhance production efficiency through improved management practices, cost control, and replanting programmes. However, the company acknowledged that the industry is likely to continue facing challenges due to global economic conditions and volatile commodity prices.