Kuala Lumpur Kepong (KLK) Q2 2026 earnings summary

Executive summary

• Profit before tax for Q2 FY2026 rose 52.3% year-over-year to RM411.2 million, with revenue up 3.3% to RM6.55 billion.

• Year-to-date profit before tax increased 45.2% to RM1.01 billion on a 5.0% revenue rise to RM12.90 billion.

• Net profit attributable to equity holders for the quarter was RM294.0 million, up 90.6% year-over-year.

Financial highlights

• Q2 net profit: RM316.6 million, up 85.2% year-over-year; YTD net profit: RM743.7 million, up 71.6%.

• Basic EPS for Q2: 26.4 sen (Q2 FY2025: 14.0 sen); YTD: 60.7 sen (YTD FY2025: 34.1 sen).

• Operating cash flow for 6 months: RM302.8 million; net cash used in investing: RM330.7 million; net cash used in financing: RM255.2 million.

• Total assets as of 31 March 2026: RM31.99 billion; net assets per share: RM12.61.

Outlook and guidance

• CPO prices rebounded, expected to remain above RM4,400/mt, supporting stable plantation performance.

• Manufacturing segment expected to remain competitive with improved demand, though margins are thin.

• Group remains optimistic for improved operational performance for FY2026, supported by resilient plantation and downstream contributions.