Kuala Lumpur Kepong (KLK) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY2026 rose 6.8% year-over-year to RM6.35 billion, with net profit up 62.8% to RM427.2 million.

• Profit before tax increased 40.7% year-over-year to RM596.4 million, driven by improved Plantation and Manufacturing segment performance.

• Comprehensive loss for the period was RM99.5 million, mainly due to significant currency translation losses and fair value changes in equity instruments.

Financial highlights

• Revenue: RM6,348.3 million (Q1 FY2026) vs RM5,945.5 million (Q1 FY2025), up 6.8%.

• Net profit: RM427.2 million, up 62.8% year-over-year.

• Earnings per share: 34.3 sen (Q1 FY2026) vs 20.1 sen (Q1 FY2025).

• Operating profit before working capital changes: RM947.2 million.

• Net cash used in operating activities: RM470.8 million.

Outlook and guidance

• CPO prices expected to range RM3,900–RM4,300/mt in Q2 FY2026, with limited near-term upside.

• Plantation segment performance expected to remain positive, supported by yield improvements and firm PK prices.

• Manufacturing margins remain tight but are expected to benefit from a moderate CPO price environment.

• Group remains confident of delivering better operational performance in FY2026.