Kuala Lumpur Kepong (KLK) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 rose 5.5% year-over-year to RM5.95 billion, with profit before tax up 15.8% to RM424.0 million.

• Net profit attributable to equity holders was RM220.5 million, down 2.9% year-over-year.

• Total comprehensive income surged to RM562.6 million, driven by strong currency translation gains.

Financial highlights

• Operating profit before working capital changes was RM909.4 million, up from RM713.6 million a year ago.

• Net cash used in operating activities was RM235.8 million, compared to RM554.8 million generated last year.

• Basic earnings per share stood at 20.1 sen, down from 21.0 sen year-over-year.

• Net assets per share increased to RM12.57 from RM12.50 at the previous year-end.

Outlook and guidance

• Plantation segment expected to remain the main earnings driver, with CPO prices anticipated above RM4,000/mt.

• Oleochemical sub-segment to support manufacturing performance, leveraging new capacities in Europe and Asia.

• Management remains optimistic that FY2025 will outperform FY2024.