IOI Corporation Bhd (IOI Corp) announced better-than-expected quarterly earnings, with net profit rising 18%, primarily driven by higher palm oil prices and robust performance from its plantation segment. The positive results underscore the company's operational efficiency and favorable commodity market conditions, boosting investor confidence.
IOI Corporation Bhd (IOI Corp) today announced its second-quarter results for the period ended December 31, 2025, with net profit rising 18% year-on-year to RM350.2 million, surpassing market expectations. Revenue also grew by 12% to RM3.2 billion. The company attributed the significant earnings growth primarily to higher average selling prices of palm oil products and improved production efficiency in its plantation segment. Although its resource-based manufacturing segment faced some challenges, the strong performance of the plantation division was sufficient to offset the negative impact. IOI Corp's management expressed cautious optimism regarding the outlook for palm oil prices in the coming quarters, expecting global demand to remain stable. The company's shares rose 0.8% today to RM4.05, reflecting a positive market response to its earnings performance. Analysts have generally upgraded IOI Corp's earnings forecasts and target prices.
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