SD Guthrie Berhad (SDG) Q3 2025 earnings summary

Executive summary

• Net profit for Q3 2025 rose 22% YoY to RM935 million, with strong contributions from Upstream and Industrial Development, and Downstream performance offsetting lower Upstream profits.

• Revenue for Q3 2025 increased 3% YoY to RM5,411 million; nine-month revenue grew 6% to RM15,397 million.

• Upstream segment benefited from higher realised CPO and PK prices, improved yields, and increased FFB production, while Industrial Development delivered significant profit uplift from land sales.

• Downstream segment saw margin compression, but Bulk and Trading sub-segments and Oceania sales helped offset declines.

• Maintained leadership in sustainability, ranking #1 globally in the 2025 SPOTT ESG assessment.

Financial highlights

• Q3 2025 PBIT increased 10% YoY to RM1,264 million; nine-month PBIT up 34% YoY to RM2,886 million.

• Profit before tax for Q3 2025 was RM1,251 million (+12% YoY); nine-month profit before tax was RM2,833 million (+38% YoY).

• PATAMI grew 22% YoY in Q3 to RM935 million and 44% YoY in nine months to RM2,007 million.

• Basic EPS up 22% YoY in Q3 and 44% YoY in nine months.

• Net cash generated from operating activities for the nine months was RM2,557 million.

Outlook and guidance

• CPO prices expected to remain buoyant due to tight supply, steady demand, and Indonesia's B50 biodiesel policy, though volatility persists from macroeconomic and regulatory factors.

• Weather-related risks, including heavy rainfall and flooding, may impact near-term output.

• Ongoing collaborations in Industrial Development and Renewable Energy aim to unlock further value from strategic landbank assets.

• Optimism for strong FY2025 performance barring unforeseen circumstances.