IOI Corporation (IOICORP) Q2 2026 earnings summary

Executive summary

• Q2 FY26 revenue rose 1% year-over-year to RM3,010.1 million, with operating profit up 25% to RM433.1 million.

• Profit before tax for Q2 surged 194% year-over-year to RM650.2 million, driven by significant net FX translation gain and strong resource-based manufacturing.

• Net profit for the quarter increased 366% year-over-year to RM536.5 million; net profit attributable to owners rose 376% to RM528.5 million.

• Earnings per share for Q2 jumped 373% to 8.46 sen.

Financial highlights

• Six-month revenue grew 7% year-over-year to RM6,061.9 million.

• Operating profit for the period increased 22% to RM846.9 million.

• Profit before tax for six months up 10% to RM1,137.2 million; net profit up 9% to RM911.5 million.

• Net assets per share increased to RM2.06 from RM1.98 at the previous year-end.

• Cash and cash equivalents rose to RM2,085.1 million from RM1,578.4 million at the start of the period.

Segment performance

• Plantation segment Q2 operating profit fell 2–3% year-over-year; underlying profit flat or up 0.3% due to higher FFB production offset by lower CPO/PK prices and higher costs.

• Resource-based manufacturing segment Q2 profit rebounded to RM36.8 million–RM83.5 million from a loss; underlying profit up 94%.

• Oleochemical sub-segment Q2 profit dropped 72%, but six-month profit rose 68%.

• Specialty fats associate delivered improved margins, especially in Asia, and will benefit from US plant expansion.

• For the six months, plantation profit rose 5% to RM908.3 million; resource-based manufacturing profit rose to RM173.0 million from RM48.2 million.