IOI Corporation (IOICORP) Q1 2025 earnings summary

Executive summary

• Revenue increased 21% year-over-year to RM2,673.2 million in Q1 FY25, with EBIT up 20% and profit after tax up 135% to RM719.3 million.

• Profit before tax for Q1 FY2025 surged 120% year-over-year to RM808.6 million, driven by significant forex gains and higher plantation segment contribution.

• Underlying profit before tax, excluding non-operating items, rose 4% year-over-year and 11% sequentially, reflecting core business strength.

• Total comprehensive income increased 151% year-over-year to RM459.4 million.

• Strong performance driven by higher CPO and PK prices, increased FFB production, and favorable segment results.

Financial highlights

• Revenue rose to RM2,673.2 million from RM2,204.2 million year-over-year, a 21% increase.

• EBIT reached RM472.2 million, up 20% from the previous year.

• Net profit attributable to owners rose 134% year-over-year to RM710.7 million.

• Basic EPS was 11.46 sen, up 134% year-over-year.

• Net assets per share improved to RM1.91 from RM1.88 at the previous year-end.

Outlook and guidance

• CPO price expected to remain above RM4,500/tonne in the next three months, supported by tight supply and strong demand.

• Plantation segment outlook remains positive due to higher CPO prices and improved FFB yields.

• Oleochemical segment performance expected to be satisfactory, with recovery in North Asia and cost control measures.

• Specialty fats associate BLC expected to post record-high profit, with lease renewal in Rotterdam secured.

• Group anticipates satisfactory operating and financial performance for the rest of FY2025.