Guan Chong Berhad (GCB) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue fell 53.6% YoY as lower cocoa bean prices drove lower selling prices; PBT rose to RM304.7m from RM72.4m on improved margin management and lower finance costs.

• H1 revenue declined to RM4,424.9m from RM8,192.2m, while profit for the period increased to RM376.6m from RM142.8m.

Financial highlights

• Q2 revenue was RM1,803.7m versus RM3,886.3m; operating profit was RM353.8m versus RM157.7m, and PBT was RM304.7m versus RM72.4m.

• H1 operating profit was RM567.6m versus RM370.5m; finance costs fell to RM109.9m from RM181.4m, and profit for the period rose to RM376.6m from RM142.8m.

• H1 operating cash flow was RM951.6m versus cash used of RM50.1m in the prior-year period.

Outlook and guidance

• Chocolate demand is expected to recover gradually in H2 2026, particularly Q4, as cocoa inflation eases and moderating prices support consumer purchases; premiumization is expected to continue.

• Longer-term demand is supported by manufacturers shifting toward real-chocolate reformulation; plans include expanding industrial chocolate and optimizing production.

• Supply continuity, operational resilience and working-capital liquidity remain management priorities amid market uncertainty.