United Plantations Berhad (2089) Q3 2026 earnings summary

Executive summary

• 9M revenue rose 9.4% to RM2,004.6m and profit after tax increased 4.8% to RM649.4m; Q3 delivered the highest third-quarter profit after tax on record.

• Q3 revenue rose 12.5% QoQ to RM722.2m and profit before tax increased 43.2% to RM380.9m.

Financial highlights

• 9M profit before tax was RM856.4m, up 2.7% YoY; profit attributable to equity holders reached RM645.6m, up 4.8%.

• 9M basic EPS increased 4.8% to 103.76 sen; Q3 basic EPS was 46.76 sen, up 43.1% YoY.

• Operating cash flow was RM584.3m versus RM611.1m; cash and bank balances ended at RM499.7m versus RM425.8m at year-end 2025.

• Total assets were RM3,534.5m and total equity RM2,962.0m at 30 September 2026; net assets per share rose to RM4.75 from RM4.62.

Outlook and guidance

• Board expects 2026 results to be pleasing and satisfactory, citing anticipated Q4 downstream improvement, secured crop and continued operational discipline.

• Palm oil supply may tighten in 2027 as prolonged El Niño threatens yields and Indonesia’s B50 biodiesel mandate raises domestic consumption.