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Financials

Annual Report 2025

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Statements of Comprehensive Income (profit or loss part) - Group and Company, year ended 31 December 2025

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Statements of Comprehensive Income (profit or loss part) - Group and Company, year ended 31 December 2025 from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Income statement
RevenueRM’000	1,060,416	1,019,807	155,140	69,647	PDF p. 177
Cost of salesRM’000	(599,225)	(636,922)	(4,859)	(4,005)	PDF p. 177
Gross profitRM’000	461,191	382,885	150,281	65,642	PDF p. 177
Other items of income
Interest incomeRM’000	19,324	12,794	8,551	11,911	PDF p. 177
Dividend incomeRM’000	2,220	332	1	1	PDF p. 177
Other incomeRM’000	14,692	28,191	6,709	3,074	PDF p. 177
Net impairment write back on financial assetsRM’000	2,748	-	-	2,336	PDF p. 177
Other items of expenses
Marketing and distribution costsRM’000	(20,902)	(22,948)	-	-	PDF p. 177
Administrative expensesRM’000	(164,558)	(182,271)	(39,945)	(40,964)	PDF p. 177
Finance costsRM’000	(10,961)	(12,570)	(10,964)	(12,700)	PDF p. 177
Other expensesRM’000	(17,668)	(11,025)	(32,656)	(3,330)	PDF p. 177
Net impairment losses on financial assetsRM’000	-	(2,857)	-	-	PDF p. 177
Income statement
Share of profit of associate, net of taxRM’000	15,857	18,887	-	-	PDF p. 177
Share of profit of joint ventures, net of taxRM’000	1,252	8,452	-	-	PDF p. 177
Profit before taxRM’000	303,195	219,870	81,977	25,970	PDF p. 177
TaxationRM’000	(80,263)	(61,589)	(4,840)	(2,059)	PDF p. 177
Profit for the financial yearRM’000	222,932	158,281	77,137	23,911	PDF p. 177

Definitions & sources

Original report: PDF p. 177 ↗

Amounts in RM’000. Note references printed in a separate Note column.

Statements of Comprehensive Income (other comprehensive income, attribution and EPS) - Group and Company

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Statements of Comprehensive Income (other comprehensive income, attribution and EPS) - Group and Company from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Other comprehensive (loss)/income - Item that may be reclassified subsequently to profit or loss
Foreign currency translationsRM’000	(194,150)	(111,066)	-	-	PDF p. 178
Net gain on financial assets measured at fair value through other comprehensive income (“FVOCI”)RM’000	553	135	-	-	PDF p. 178
Cumulative loss/(gain) on financial assets measured at FVOCI reclassified to profit or loss upon redemptionRM’000	428	(34)	-	-	PDF p. 178
Other comprehensive (loss)/income - Subtotal of items that may be reclassified
SubtotalRM’000	(193,169)	(110,965)	-	-	PDF p. 178
Other comprehensive (loss)/income - Item that may not be reclassified subsequently to profit or loss
Remeasurements of net defined benefit liabilitiesRM’000	(174)	1,879	-	-	PDF p. 178
Other comprehensive (loss)/income
Other comprehensive loss for the financial year, net of taxRM’000	(193,343)	(109,086)	-	-	PDF p. 178
Total comprehensive income
Total comprehensive income for the financial yearRM’000	29,589	49,195	77,137	23,911	PDF p. 178
Profit attributable to
Owners of the CompanyRM’000	183,369	135,662	77,137	23,911	PDF p. 178
Non-controlling interestsRM’000	39,563	22,619	-	-	PDF p. 178
Profit attributable to - total
SubtotalRM’000	222,932	158,281	77,137	23,911	PDF p. 178
Total comprehensive income attributable to
Owners of the CompanyRM’000	21,759	42,096	77,137	23,911	PDF p. 178
Non-controlling interestsRM’000	7,830	7,099	-	-	PDF p. 178
Total comprehensive income attributable to - total
SubtotalRM’000	29,589	49,195	77,137	23,911	PDF p. 178

Definitions & sources

Original report: PDF p. 178 ↗

Amounts in RM’000 except earnings per share, which is in sen per share (Group only; Company EPS not printed).

The accompanying notes form an integral part of the financial statements.

Statements of Financial Position (assets and equity) - Group and Company, as at 31 December 2025

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Statements of Financial Position (assets and equity) - Group and Company, as at 31 December 2025 from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Non-current assets
Property, plant and equipmentRM’000	1,181,512	1,337,950	50,830	51,639	PDF p. 179
Right-of-use assetsRM’000	229,114	248,536	8,222	8,188	PDF p. 179
Biological assetsRM’000	364,786	366,362	272,221	273,782	PDF p. 179
Intangible assetsRM’000	38,456	42,148	-	-	PDF p. 179
Investments in subsidiariesRM’000	-	-	638,786	677,973	PDF p. 179
Investments in associatesRM’000	80,769	84,873	61,259	61,259	PDF p. 179
Investments in joint venturesRM’000	112,794	111,542	20,750	20,750	PDF p. 179
Deferred tax assetsRM’000	182	192	-	-	PDF p. 179
Other receivablesRM’000	28,392	34,060	83,497	90,147	PDF p. 179
Investment securitiesRM’000	69,392	64,529	-	-	PDF p. 179
Non-current assets - subtotal
SubtotalRM’000	2,105,397	2,290,192	1,135,565	1,183,738	PDF p. 179
Current assets
Biological assetsRM’000	16,481	20,131	-	-	PDF p. 179
InventoriesRM’000	87,719	102,683	2,682	1,567	PDF p. 179
Trade and other receivablesRM’000	49,586	44,130	10,885	5,153	PDF p. 179
Other current assetsRM’000	2,873	3,080	823	464	PDF p. 179
Tax recoverableRM’000	8,440	20,979	1	1	PDF p. 179
Derivative assetsRM’000	-	298	-	298	PDF p. 179
Short term fundsRM’000	3,062	2,961	166	160	PDF p. 179
Cash and bank balancesRM’000	397,339	263,361	37,368	37,357	PDF p. 179
Current assets - subtotal
SubtotalRM’000	565,500	457,623	51,925	45,000	PDF p. 179
ASSETS
TOTAL ASSETSRM’000	2,670,897	2,747,815	1,187,490	1,228,738	PDF p. 179
Equity attributable to owners of the Company
Share capitalRM’000	740,512	740,512	740,512	740,512	PDF p. 179
Treasury sharesRM’000	(133,572)	(17,873)	(133,572)	(17,873)	PDF p. 179
Other reservesRM’000	(425,461)	(264,017)	-	-	PDF p. 179
Retained earningsRM’000	1,728,234	1,545,031	271,190	194,053	PDF p. 179
Equity attributable to owners of the Company - subtotal
SubtotalRM’000	1,909,713	2,003,653	878,130	916,692	PDF p. 179
Equity
Non-controlling interestsRM’000	237,000	257,380	-	-	PDF p. 179
TOTAL EQUITYRM’000	2,146,713	2,261,033	878,130	916,692	PDF p. 179

Definitions & sources

Original report: PDF p. 179 ↗

Amounts in RM’000.

Statements of Financial Position (liabilities) - Group and Company, as at 31 December 2025

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Statements of Financial Position (liabilities) - Group and Company, as at 31 December 2025 from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Non-current liabilities
Loans and borrowingsRM’000	70,745	58,579	70,745	58,579	PDF p. 180
Retirement benefitsRM’000	22,201	22,489	-	-	PDF p. 180
Lease liabilitiesRM’000	870	863	78	12	PDF p. 180
Deferred tax liabilitiesRM’000	87,600	87,619	1,655	3,003	PDF p. 180
Non-current liabilities - subtotal
SubtotalRM’000	181,416	169,550	72,478	61,594	PDF p. 180
Current liabilities
Loans and borrowingsRM’000	225,547	201,108	210,500	154,433	PDF p. 180
Trade and other payablesRM’000	102,511	108,381	26,356	95,999	PDF p. 180
Lease liabilitiesRM’000	230	351	26	20	PDF p. 180
Current tax payableRM’000	14,480	7,392	-	-	PDF p. 180
Current liabilities - subtotal
SubtotalRM’000	342,768	317,232	236,882	250,452	PDF p. 180
LIABILITIES
TOTAL LIABILITIESRM’000	524,184	486,782	309,360	312,046	PDF p. 180
EQUITY AND LIABILITIES
TOTAL EQUITY AND LIABILITIESRM’000	2,670,897	2,747,815	1,187,490	1,228,738	PDF p. 180

Definitions & sources

Original report: PDF p. 180 ↗

Amounts in RM’000. The accompanying notes form an integral part of the financial statements.

Statements of Comprehensive Income (other comprehensive income and totals) - Group and Company

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Statements of Comprehensive Income (other comprehensive income and totals) - Group and Company from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Other comprehensive (loss)/income - items that may be reclassified
Foreign currency translationsRM’000	(194,150)	(111,066)	-	-	PDF p. 178
Net gain on financial assets measured at fair value through other comprehensive income (“FVOCI”)RM’000	553	135	-	-	PDF p. 178
Cumulative loss/(gain) on financial assets measured at FVOCI reclassified to profit or loss upon redemptionRM’000	428	(34)	-	-	PDF p. 178
Subtotal of items that may be reclassified (unlabelled)RM’000	(193,169)	(110,965)	-	-	PDF p. 178
Item that may not be reclassified subsequently to profit or loss
Remeasurements of net defined benefit liabilitiesRM’000	(174)	1,879	-	-	PDF p. 178
Other comprehensive (loss)/income
Other comprehensive loss for the financial year, net of taxRM’000	(193,343)	(109,086)	-	-	PDF p. 178
Total comprehensive income
Total comprehensive income for the financial yearRM’000	29,589	49,195	77,137	23,911	PDF p. 178
Profit attributable to
Owners of the CompanyRM’000	183,369	135,662	77,137	23,911	PDF p. 178
Non-controlling interestsRM’000	39,563	22,619	-	-	PDF p. 178
Profit for the financial year (unlabelled total)RM’000	222,932	158,281	77,137	23,911	PDF p. 178
Total comprehensive income attributable to
Owners of the CompanyRM’000	21,759	42,096	77,137	23,911	PDF p. 178
Non-controlling interestsRM’000	7,830	7,099	-	-	PDF p. 178
Total comprehensive income attributable (unlabelled total)RM’000	29,589	49,195	77,137	23,911	PDF p. 178

Definitions & sources

Original report: PDF p. 178 ↗

The page begins at 'Other comprehensive (loss)/income'; the profit lines above it are on the preceding page and not extracted here. EPS rows have only Group 2025 and 2024 values (no Company values printed).

The accompanying notes form an integral part of the financial statements.

Group Statement of Changes in Equity - year ended 31 December 2025

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Group Statement of Changes in Equity - year ended 31 December 2025 from Annual Report 2025
Metric / unit	2025Group - Equity, total	2025Group - Equity attributable to owners of the Company, total	2025Group - Share capital (non-distributable)	2025Group - Treasury shares (non-distributable)	2025Group - Retained earnings (distributable)	2025Group - Other reserves, total (non-distributable)	2025Group - Capital reserve	2025Group - Foreign currency translation reserve	2025Group - Share of associate reserve	2025Group - Fair value reserve	2025Group - Non-controlling interests	Source
Group
Balance as at 1 January 2025RM’000	2,261,033	2,003,653	740,512	(17,873)	1,545,031	(264,017)	9,630	(273,684)	100	(63)	257,380	PDF p. 181
Profit for the financial yearRM’000	222,932	183,369	-	-	183,369	-	-	-	-	-	39,563	PDF p. 181
Other comprehensive (loss)/income
Foreign currency translationsRM’000	(194,150)	(162,425)	-	-	-	(162,425)	-	(162,425)	-	-	(31,725)	PDF p. 181
Net gain on financial assetsRM’000	553	553	-	-	-	553	-	-	-	553	-	PDF p. 181
Cumulative loss on financial assetsRM’000	428	428	-	-	-	428	-	-	-	428	-	PDF p. 181
Remeasurements of net defined benefit liabilitiesRM’000	(174)	(166)	-	-	(166)	-	-	-	-	-	(8)	PDF p. 181
Other comprehensive (loss)/ income for the financial year, net of taxRM’000	(193,343)	(161,610)	-	-	(166)	(161,444)	-	(162,425)	-	981	(31,733)	PDF p. 181
Group
Total comprehensive income/(loss) for the financial yearRM’000	29,589	21,759	-	-	183,203	(161,444)	-	(162,425)	-	981	7,830	PDF p. 181
Transactions with owners
Purchase of treasury sharesRM’000	(115,699)	(115,699)	-	(115,699)	-	-	-	-	-	-	-	PDF p. 181
Dividends paid to non- controlling interestsRM’000	(28,210)	-	-	-	-	-	-	-	-	-	(28,210)	PDF p. 181
Total transactions with ownersRM’000	(143,909)	(115,699)	-	(115,699)	-	-	-	-	-	-	(28,210)	PDF p. 181
Group
Balance as at 31 DecemberRM’000	2,146,713	1,909,713	740,512	(133,572)	1,728,234	(425,461)	9,630	(436,109)	100	918	237,000	PDF p. 181

Definitions & sources

Original report: PDF p. 181 ↗

Column headings: Equity, total; Equity attributable to owners of the Company, total; Non-distributable: Share capital, Treasury shares; Distributable: Retained earnings; Other reserves, total (Non-distributable: Capital reserve, Foreign currency translation reserve, Share of associate reserve, Fair value reserve); Non-controlling interests. Some row labels wrap across lines in the source; the Balance 31 December 2025 row is interleaved with page-footer text.

Group Statement of Changes in Equity - year ended 31 December 2024

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Group Statement of Changes in Equity - year ended 31 December 2024 from Annual Report 2025
Metric / unit	2024Group - Equity, total	2024Group - Equity attributable to owners of the Company, total	2024Group - Share capital (non-distributable)	2024Group - Treasury shares (non-distributable)	2024Group - Retained earnings (distributable)	2024Group - Other reserves, total (non-distributable)	2024Group - Capital reserve	2024Group - Foreign currency translation reserve	2024Group - Share of associate reserve	2024Group - Fair value reserve	2024Group - Non-controlling interests	Source
Group
Balance as at 1 January 2024RM’000	2,305,281	2,046,973	740,512	(1,467)	1,476,805	(168,877)	9,630	(178,443)	100	(164)	258,308	PDF p. 182
Profit for the financial yearRM’000	158,281	135,662	-	-	135,662	-	-	-	-	-	22,619	PDF p. 182
Other comprehensive (loss)/income
Foreign currency translationsRM’000	(111,066)	(95,241)	-	-	-	(95,241)	-	(95,241)	-	-	(15,825)	PDF p. 182
Net gain on financial assetsRM’000	135	135	-	-	-	135	-	-	-	135	-	PDF p. 182
Cumulative gain on financial assetsRM’000	(34)	(34)	-	-	-	(34)	-	-	-	(34)	-	PDF p. 182
Remeasurements of net defined benefit liabilitiesRM’000	1,879	1,574	-	-	1,574	-	-	-	-	-	305	PDF p. 182
Other comprehensive (loss)/ income for the financial year, net of taxRM’000	(109,086)	(93,566)	-	-	1,574	(95,140)	-	(95,241)	-	101	(15,520)	PDF p. 182
Group
Total comprehensive income/(loss) for the financial yearRM’000	49,195	42,096	-	-	137,236	(95,140)	-	(95,241)	-	101	7,099	PDF p. 182
Transactions with owners
Purchase of treasury sharesRM’000	(16,406)	(16,406)	-	(16,406)	-	-	-	-	-	-	-	PDF p. 182
Dividends paid on ordinary sharesRM’000	(69,010)	(69,010)	-	-	(69,010)	-	-	-	-	-	-	PDF p. 182
Dividends paid to non- controlling interestsRM’000	(8.027)	-	-	-	-	-	-	-	-	-	(8,027)	PDF p. 182
Total transactions with ownersRM’000	(93,443)	(85,416)	-	(16,406)	(69,010)	-	-	-	-	-	(8,027)	PDF p. 182
Group
Balance as at 31 December 2024RM’000	2,261,033	2,003,653	740,512	(17,873)	1,545,031	(264,017)	9,630	(273,684)	100	(63)	257,380	PDF p. 182

Definitions & sources

Original report: PDF p. 182 ↗

Total equity-column value for Dividends paid to non-controlling interests is printed as '(8.027)' (with a full stop) while the NCI column shows (8,027); preserved as printed. Wrapped labels in the source.

Company Statement of Changes in Equity - year ended 31 December 2025

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Company Statement of Changes in Equity - year ended 31 December 2025 from Annual Report 2025
Metric / unit	2025Company - Equity, total	2025Company - Share capital (non-distributable)	2025Company - Treasury shares (non-distributable)	2025Company - Retained earnings (distributable)	Source
Company
Balance as at 1 January 2025RM’000	916,692	740,512	(17,873)	194,053	PDF p. 183
Profit for the financial yearRM’000	77,137	-	-	77,137	PDF p. 183
Other comprehensive income for the financial year, net of taxRM’000	-	-	-	-	PDF p. 183
Total comprehensive income for the financial yearRM’000	77,137	-	-	77,137	PDF p. 183
Transactions with owners
Purchase of treasury sharesRM’000	(115,699)	-	(115,699)	-	PDF p. 183
Total transactions with ownersRM’000	(115,699)	-	(115,699)	-	PDF p. 183
Company
Balance as at 31 December 2025RM’000	878,130	740,512	(133,572)	271,190	PDF p. 183

Definitions & sources

Original report: PDF p. 183 ↗

The accompanying notes form an integral part of the financial statements.

Company Statement of Changes in Equity - year ended 31 December 2024

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Company Statement of Changes in Equity - year ended 31 December 2024 from Annual Report 2025
Metric / unit	2024Company - Equity, total	2024Company - Share capital (non-distributable)	2024Company - Treasury shares (non-distributable)	2024Company - Retained earnings (distributable)	Source
Company
Balance as at 1 January 2024RM’000	978,197	740,512	(1,467)	239,152	PDF p. 183
Profit for the financial yearRM’000	23,911	-	-	23,911	PDF p. 183
Other comprehensive income for the financial year, net of taxRM’000	-	-	-	-	PDF p. 183
Total comprehensive income for the financial yearRM’000	23,911	-	-	23,911	PDF p. 183
Transactions with owners
Purchase of treasury sharesRM’000	(16,406)	-	(16,406)	-	PDF p. 183
Dividends paid on ordinary sharesRM’000	(69,010)	-	-	(69,010)	PDF p. 183
Total transactions with ownersRM’000	(85,416)	-	(16,406)	(69,010)	PDF p. 183
Company
Balance as at 31 December 2024RM’000	916,692	740,512	(17,873)	194,053	PDF p. 183

Definitions & sources

Original report: PDF p. 183 ↗

The accompanying notes form an integral part of the financial statements.

Statements of Cash Flows - Group and Company (operating activities)

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Statements of Cash Flows - Group and Company (operating activities) from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Cash flows from operating activities
Profit before taxRM’000	303,195	219,870	81,977	25,970	PDF p. 184
Adjustments for
Depreciation of biological assetsRM’000	1,181	1,181	1,181	1,181	PDF p. 184
Bad debts written offRM’000	3,681	65	-	-	PDF p. 184
Depreciation of property, plant and equipmentRM’000	90,655	116,423	2,386	2,374	PDF p. 184
Depreciation of right-of-use assetsRM’000	9,624	10,615	67	61	PDF p. 184
Dividend incomeRM’000	(2,220)	(332)	(1)	(1)	PDF p. 184
Fair value loss on forward currency contractsRM’000	298	580	298	580	PDF p. 184
Fair value loss on commodity future contractsRM’000	-	134	-	-	PDF p. 184
Gain on disposal of property, plant and equipmentRM’000	(1,035)	(902)	(120)	(218)	PDF p. 184
Gain on lease reassessmentsRM’000	(3)	(43)	-	-	PDF p. 184
(Gain)/loss on remeasurement of financial guarantee contractsRM’000	(22)	(35)	55	(108)	PDF p. 184
Loss/(Gain) from fair value adjustment of forest planting expenditureRM’000	1,735	(188)	1,605	754	PDF p. 184
Loss/(Gain) on redemption of financial assetsRM’000	31	(6)	-	-	PDF p. 184
Adjustments for - Impairment losses on
- property, plant and equipmentRM’000	4,631	3,249	-	-	PDF p. 184
- investment in subsidiariesRM’000	-	-	27,954	860	PDF p. 184
- investment securitiesRM’000	-	1	-	1	PDF p. 184
- trade receivablesRM’000	1,274	797	-	-	PDF p. 184
- other receivablesRM’000	962	4,257	-	-	PDF p. 184
Adjustments for
Interest expenseRM’000	10,961	12,570	10,964	12,700	PDF p. 184
Interest incomeRM’000	(19,324)	(12,794)	(8,551)	(11,911)	PDF p. 184
Inventories written offRM’000	1,817	651	-	-	PDF p. 184
Investment securities written offRM’000	-	50	-	50	PDF p. 184
Loss on striking off of a subsidiaryRM’000	-	-	-	24	PDF p. 184
Net loss/(gain) from fair value adjustment of fresh fruit bunchesRM’000	1,367	(6,607)	-	-	PDF p. 184
Net unrealised foreign exchange loss/ (gain)RM’000	2,706	(5,328)	2,547	(1,555)	PDF p. 184
Net write back of inventories written downRM’000	(621)	(8,299)	-	-	PDF p. 184
Property, plant and equipment written offRM’000	497	260	1	1	PDF p. 184
Share of profit of associateRM’000	(15,857)	(18,887)	-	-	PDF p. 184
Share of profit of joint venturesRM’000	(1,252)	(8,452)	-	-	PDF p. 184
SubtotalRM’000	91,086	88,960	38,386	4,793	PDF p. 184
Adjustments for (continued)
Subtotal (continued)RM’000	91,086	88,960	38,386	4,793	PDF p. 185
Waiver of debt on amount due from subsidiariesRM’000	-	-	-	229	PDF p. 185
Write back of impairment losses on
- trade receivablesRM’000	(105)	(468)	-	-	PDF p. 185
- other receivablesRM’000	(4,879)	(1,729)	-	-	PDF p. 185
- amounts due from subsidiariesRM’000	-	-	-	(2,336)	PDF p. 185
Adjustments for (continued)
Total adjustmentsRM’000	86,102	86,763	38,386	2,686	PDF p. 185
Cash flows from operating activities
Operating cash flows before changes in working capitalRM’000	389,297	306,633	120,363	28,656	PDF p. 185
Changes in working capital
Decrease/(Increase) in inventoriesRM’000	18,260	968	(1,115)	(519)	PDF p. 185
(Increase)/Decrease in receivablesRM’000	(17,500)	10,856	(4,184)	(409)	PDF p. 185
Decrease in payablesRM’000	(12,879)	(22,056)	(47,341)	(3,159)	PDF p. 185
Increase in retirement benefits obligationsRM’000	2,373	3,436	-	-	PDF p. 185
Total changes in working capitalRM’000	(9,746)	(6,796)	(52,640)	(4,087)	PDF p. 185
Cash flows from operating activities
Cash flows from operationsRM’000	379,551	299,837	67,723	24,569	PDF p. 185
Income tax paidRM’000	(61,818)	(64,288)	(6,188)	(2,524)	PDF p. 185
Income tax refundedRM’000	3,578	5,076	1	-	PDF p. 185
Net cash flows from operating activitiesRM’000	321,311	240,625	61,536	22,045	PDF p. 185
Cash flows from investing activities
Additions of right-of-use assetsRM’000	(8,225)	(3,462)	-	-	PDF p. 185
Additional investments in subsidiariesRM’000	-	-	(9,420)	(20,809)	PDF p. 185
Cash flows from investing activities - Dividends received from
- associateRM’000	19,961	12,659	-	-	PDF p. 185
- investment securitiesRM’000	2,219	331	-	-	PDF p. 185
- short term fundsRM’000	1	1	1	1	PDF p. 185
Cash flows from investing activities
Forest planting expenditureRM’000	(1,339)	(1,351)	(1,224)	(1,210)	PDF p. 185
Interest receivedRM’000	19,324	12,794	8,551	11,911	PDF p. 185
Withdrawal of deposits with maturity of over 3 monthsRM’000	-	496	-	-	PDF p. 185
Proceeds from disposal of property, plant and equipmentRM’000	2,977	2,845	1,224	383	PDF p. 185
Purchase of investment securitiesRM’000	(25,484)	(42,682)	-	-	PDF p. 185
Redemption of investment securitiesRM’000	19,417	4,195	-	-	PDF p. 185
SubtotalRM’000	28,851	(14,174)	(868)	(9,724)	PDF p. 185
Cash flows from investing activities (continued)
Subtotal (continued)RM’000	28,851	(14,174)	(868)	(9,724)	PDF p. 186
Purchase of property, plant and equipmentRM’000	(71,176)	(52,595)	(2,682)	(1,338)	PDF p. 186
Withdrawal/(Placement) of deposits pledged with licensed banksRM’000	2,717	(19)	(17)	(19)	PDF p. 186
Redemptions of non-cumulative redeemable convertible preference sharesRM’000	-	-	21,054	20,346	PDF p. 186
Repayments from subsidiariesRM’000	-	-	4,683	108,152	PDF p. 186
Net cash flows (used in)/from investing activitiesRM’000	(39,608)	(66,788)	22,170	117,417	PDF p. 186
Cash flows from financing activities
Dividends paidRM’000	-	(69,010)	-	(69,010)	PDF p. 186
Dividends paid to non-controlling interestsRM’000	(28,210)	(8,027)	-	-	PDF p. 186
Interest paidRM’000	(10,909)	(12,512)	(10,961)	(12,698)	PDF p. 186
Repayments to subsidiariesRM’000	-	-	(25,337)	(18,817)	PDF p. 186
Net repayments of bankers’ acceptancesRM’000	(10,112)	(15,704)	-	-	PDF p. 186
Net drawdowns of revolving creditsRM’000	61,700	29,800	82,500	40,000	PDF p. 186
Net repayments of term loansRM’000	(14,267)	(56,466)	(14,267)	(56,466)	PDF p. 186
Payments of lease interestRM’000	(52)	(58)	(3)	(2)	PDF p. 186
Payments of lease liabilitiesRM’000	(290)	(430)	(29)	(23)	PDF p. 186
Purchase of treasury sharesRM’000	(115,609)	(16,310)	(115,609)	(16,310)	PDF p. 186
Net cash flows used in financing activitiesRM’000	(117,749)	(148,717)	(83,706)	(133,326)	PDF p. 186
Cash and cash equivalents
Net increase in cash and cash equivalentsRM’000	163,954	25,120	-	6,136	PDF p. 186
Effects of exchange rate changesRM’000	(26,159)	(14,258)	-	-	PDF p. 186
Cash and cash equivalents as at beginning of financial yearRM’000	258,544	247,682	34,146	28,010	PDF p. 186
Cash and cash equivalents as at end of financial yearRM’000	396,339	258,544	34,146	34,146	PDF p. 186

Definitions & sources

Original report: PDF p. 184 ↗ PDF p. 185 ↗ PDF p. 186 ↗

Statement spans physical pages 184-186; rows with continuation labels (Subtotal (continued)) are repeated as printed. Some wrapped labels have original_label as the full printed label with the quote being the line carrying the values. The accompanying notes form an integral part of the financial statements.

5-Year Financial Highlights - Financial Highlights (Group)

9 metrics

Units appear below each metric. Scroll to compare years

5-Year Financial Highlights - Financial Highlights (Group) from Annual Report 2025
Metric / unit	2021Group	2022Group	2023Group	2024Group	2025Group	Source
Financial Highlights
RevenueRM'000	1,188,919	1,305,999	1,066,516	1,019,807	1,060,416	PDF p. 11
Core profit before taxationRM'000	266,891	257,178	182,340	237,329	301,028	PDF p. 11
Profit before taxationRM'000	254,084	557,297	197,837	219,870	303,195	PDF p. 11
Profit after taxationRM'000	202,013	524,993	125,825	158,281	222,932	PDF p. 11
Net profit attributable to owners of the CompanyRM'000	169,415	456,407	95,112	135,662	183,369	PDF p. 11
Total assetsRM'000	3,308,036	2,959,278	2,845,022	2,747,815	2,670,897	PDF p. 11
Total borrowingsRM'000	1,109,325	559,111	302,120	259,687	296,292	PDF p. 11
Equity attributable to owners of the CompanyRM'000	1,641,330	1,900,839	2,046,973	2,003,653	1,909,713	PDF p. 11
Total equityRM'000	1,813,588	2,132,058	2,305,281	2,261,033	2,146,713	PDF p. 11

Definitions & sources

Original report: PDF p. 11 ↗

All figures in RM'000

5-Year Financial Highlights - Financial Indicators (Group)

4 metrics

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5-Year Financial Highlights - Financial Indicators (Group) from Annual Report 2025
Metric / unit	2021Group	2022Group	2023Group	2024Group	2025Group	Source
Financial Indicators
Return on equity attributable to owners of the Company (%)(1)%	10.32	24.01	4.65	6.77	9.60	PDF p. 11
Return on total assets (%)(2)%	5.12	15.42	3.34	4.94	6.87	PDF p. 11
Net debt to equity (%)(3)%	44.78	8.31	2.02	-	-	PDF p. 11
Share price as at financial year endRM (unit not printed)	1.08	1.07	0.98	1.25	1.22	PDF p. 11

Definitions & sources

Original report: PDF p. 11 ↗

(1) Based on net profit attributable to owners of the Company expressed as a percentage of total equity attributable to owners of the Company

(2) Based on net profit attributable to owners of the Company expressed as a percentage of total assets

(3) Based on net debt i.e. total loans and borrowings less short term funds and cash and cash equivalents expressed as a percentage of total equity

Financial Performance FY2025 vs FY2024 (Group)

15 metrics

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Financial Performance FY2025 vs FY2024 (Group) from Annual Report 2025
Metric / unit	2025Group FY2025	2024Group FY2024	Source
Financial Performance
RevenueRM'000	1,060,416	1,019,807	PDF p. 14
Core profit before taxationRM'000	301,028	237,329	PDF p. 14
Profit before taxation (“PBT”)RM'000	303,195	219,870	PDF p. 14
TaxationRM'000	(80,263)	(61,589)	PDF p. 14
Profit after taxation (“PAT”)RM'000	222,932	158,281	PDF p. 14
Profit attributable to owners of the CompanyRM'000	183,369	135,662	PDF p. 14
Equity attributable to owners of the CompanyRM'000	1,909,713	2,003,653	PDF p. 14
Total equityRM'000	2,146,713	2,261,033	PDF p. 14
Investment securitiesRM'000	69,392	64,529	PDF p. 14
BorrowingsRM'000	296,292	259,687	PDF p. 14
Cash and bank balancesRM'000	397,339	263,361	PDF p. 14
Short term fundsRM'000	3,062	2,961	PDF p. 14
Net cash to equity ratioratio (as printed)	0.19	0.12	PDF p. 14
Gearing ratio (Gross)ratio (as printed)	0.14	0.11	PDF p. 14
Earnings per share (sen per share)sen per share	14.0	9.8	PDF p. 14

Definitions & sources

Original report: PDF p. 14 ↗

Cash Flows FY2025 vs FY2024 (Group, MD&A)

9 metrics

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Cash Flows FY2025 vs FY2024 (Group, MD&A) from Annual Report 2025
Metric / unit	2025Group FY2025	2024Group FY2024	Source
Cash flows
Changes in working capitalRM'000	(9,746)	(6,796)	PDF p. 15
Cash flows from operationsRM'000	379,551	299,837	PDF p. 15
Net income tax paidRM'000	(58,240)	(59,212)	PDF p. 15
Net cash flows from operating activitiesRM'000	321,311	240,625	PDF p. 15
Net cash flows used in investing activitiesRM'000	(39,608)	(66,788)	PDF p. 15
Free cash flow to firmRM'000	281,703	173,837	PDF p. 15
Net cash flows used in financing activitiesRM'000	(117,749)	(148,717)	PDF p. 15
Net increase in cash and cash equivalentsRM'000	163,954	25,120	PDF p. 15
Effects of exchange rate changesRM'000	(26,159)	(14,258)	PDF p. 15

Definitions & sources

Original report: PDF p. 15 ↗

Operating cash flows before changes in working capital: 389,297 (FY2025), 306,633 (FY2024) - label wraps in source; beginning/end cash 258,544/247,682 and 396,339/258,544 also wrap across lines.

Note 16 Earnings per Ordinary Share (Group)

2 metrics

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Note 16 Earnings per Ordinary Share (Group) from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Note 16 EPS
Weighted average number of ordinary shares in issue (’000)'000 shares	1,311,636	1,379,606	PDF p. 208
Basic earnings per ordinary share (sen)sen	13.98	9.83	PDF p. 208

Definitions & sources

Original report: PDF p. 208 ↗

Basic EPS: profit attributable to owners (RM'000 183,369 in 2025; 135,662 in 2024) divided by weighted average ordinary shares outstanding after deducting treasury shares. Diluted: no dilutive instruments reported; same profit used for basic or diluted.

Note 17 Dividends (Group and Company)

2 metrics

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Note 17 Dividends (Group and Company) from Annual Report 2025
Metric / unit	2025Group and Company	2024Group and Company	Source
Dividends recognised during the year
First and final single- tier dividend for financial year ended 31 December 2023 of 2.5 sen per ordinary shareRM'000	-	34,505	PDF p. 208
Interim single-tier dividend for financial year ended 31 December 2024 of 2.5 sen per ordinary shareRM'000	-	34,505	PDF p. 208

Definitions & sources

Original report: PDF p. 208 ↗

On 25 February 2026, the Directors declared a first and final single-tier dividend of 5.0 sen per ordinary share for FY ended 31 December 2025 (record date 15 April 2026); not reflected in the FY2025 financial statements.

Dividend policy revised to minimum payout of 30% of consolidated net profit attributable to owners (previously 20% to 30%).

Where the money comes from

Segment information

By business

Segment information 11 lines

Segment information
Item / unit	2025Palm products, RM'000	2025Others, RM'000	2025Adjustment and eliminations, RM'000	2025Total, RM'000	2024Palm products, RM'000	2024Others, RM'000	2024Adjustment and eliminations, RM'000	2024Total, RM'000	Source
Revenue
External customersRM'000	1,008,624	51,792	-	1,060,416	966,514	53,293	-	1,019,807	PDF p. 188 PDF p. 189
Inter-segmentRM'000	18,323	-	(18,323)	-	17,548	-	(17,548)	-	PDF p. 188 PDF p. 189
Total revenueRM'000	1,026,947	51,792	(18,323)	1,060,416	984,062	53,293	(17,548)	1,019,807	PDF p. 188 PDF p. 189
Results
Interest incomeRM'000	33,264	190	(14,130)	19,324	39,942	192	(27,340)	12,794	PDF p. 188 PDF p. 189
Dividend incomeRM'000	2,220	-	-	2,220	332	-	-	332	PDF p. 188 PDF p. 189
DepreciationRM'000	(88,101)	(13,359)	-	(101,460)	(114,689)	(13,530)	-	(128,219)	PDF p. 188 PDF p. 189
Other material non-cash itemsRM'000	(7,798)	(4,530)	-	(12,328)	14,339	(811)	-	13,528	PDF p. 188 PDF p. 189
Segment profit/(loss)RM'000	325,772	(15,781)	(6,796)	303,195	232,772	(12,706)	(196)	219,870	PDF p. 188 PDF p. 189
Assets
Additions to non-current assetsRM'000	74,535	2,792	-	77,327	52,344	5,320	-	57,664	PDF p. 188 PDF p. 189
Segment assetsRM'000	1,840,709	549,790	280,398	2,670,897	1,875,297	576,234	296,284	2,747,815	PDF p. 188 PDF p. 189
Segment liabilitiesRM'000	121,569	7,609	395,006	524,184	116,425	13,871	356,486	486,782	PDF p. 188 PDF p. 189

Notes

Notes column references: (a) inter-segment revenue eliminated on consolidation; (b) other material non-cash items; (c) items added to/(deducted from) segment profit to arrive at profit before tax; (d) additions to non-current assets; (e) items added to segment assets; (f) items added to segment liabilities. Segment liabilities row is printed under the 'Assets:' heading. Group financing, income taxes, share of results of associate and joint ventures are not allocated to segments. 'Others' includes downstream wood products, forest management unit and biomass electricity.

Notes: Nature of adjustments and eliminations to arrive at amounts reported in the consolidated financial statements. (a) Inter-segment revenue is eliminated on consolidation. Segment liabilities row is printed under the 'Assets:' heading.

Note 4(b) Other material non-cash items 14 lines

Note 4(b) Other material non-cash items — Group
Item / unit	2025RM'000	2024RM'000	Source
Other material non-cash items
Bad debt written offRM'000	(3,681)	(65)	PDF p. 190
Fair value loss on forward currency contractsRM'000	(298)	(580)	PDF p. 190
Fair value loss on commodity future contractsRM'000	-	(134)	PDF p. 190
Gain on disposal of property, plant and equipmentRM'000	1,035	902	PDF p. 190
(Loss)/Gain from fair value adjustments of forest planting expenditureRM'000	(1,735)	188	PDF p. 190
Impairment loss on property, plant and equipmentRM'000	(4,631)	(3,249)	PDF p. 190
Inventories written offRM'000	(1,817)	(651)	PDF p. 190
Net (loss)/gain from fair value adjustments of fresh fruit bunchesRM'000	(1,367)	6,607	PDF p. 190
Net write back/impairment (losses) on other receivablesRM'000	3,917	(2,528)	PDF p. 190
Net impairment losses on trade receivablesRM'000	(1,169)	(329)	PDF p. 190
Net unrealised foreign exchange (loss)/gainRM'000	(2,706)	5,328	PDF p. 190
Net write back of inventories written downRM'000	621	8,299	PDF p. 190
Property, plant and equipment written offRM'000	(497)	(260)	PDF p. 190
Total other material non-cash items (unlabelled total)RM'000	(12,328)	13,528	PDF p. 190

Notes

Total row has no printed label.

Note 4(c) Reconciliation of segment profit to profit before tax 5 lines

Note 4(c) Reconciliation of segment profit to profit before tax — Group
Item / unit	2025RM'000	2024RM'000	Source
Reconciling items
Share of profit of associateRM'000	15,857	18,887	PDF p. 190
Share of profit of joint venturesRM'000	1,252	8,452	PDF p. 190
Finance costsRM'000	(10,961)	(12,570)	PDF p. 190
Unallocated corporate expensesRM'000	(12,944)	(14,965)	PDF p. 190
Total reconciling items (unlabelled total)RM'000	(6,796)	(196)	PDF p. 190

Notes

Total row has no printed label.

Note 4(d) Additions to non-current assets 4 lines

Note 4(d) Additions to non-current assets — Group
Item / unit	2025RM'000	2024RM'000	Source
Additions to non-current assets
Property, plant and equipmentRM'000	72,064	52,880	PDF p. 190
Biological assetsRM'000	1,340	1,352	PDF p. 190
Right-of-use assets - land use rightsRM'000	3,923	3,432	PDF p. 190
Total additions (unlabelled total)RM'000	77,327	57,664	PDF p. 190

Notes

Total row has no printed label.

Note 4(e) Items added to segment assets 6 lines

Note 4(e) Items added to segment assets — Group
Item / unit	2025RM'000	2024RM'000	Source
Segment assets reconciliation
Investments in associatesRM'000	80,769	84,873	PDF p. 191
Investments in joint venturesRM'000	112,794	111,542	PDF p. 191
Tax recoverableRM'000	8,440	20,979	PDF p. 191
Deferred tax assetsRM'000	182	192	PDF p. 191
Unallocated amountsRM'000	78,213	78,698	PDF p. 191
Total (unlabelled total)RM'000	280,398	296,284	PDF p. 191

Notes

Total row has no printed label.

Note 4(f) Items added to segment liabilities 4 lines

Note 4(f) Items added to segment liabilities — Group
Item / unit	2025RM'000	2024RM'000	Source
Segment liabilities reconciliation
Deferred tax liabilitiesRM'000	87,600	87,619	PDF p. 191
Loans and borrowingsRM'000	296,292	259,687	PDF p. 191
Unallocated amountsRM'000	11,114	9,180	PDF p. 191
Total (unlabelled total)RM'000	395,006	356,486	PDF p. 191

Notes

Total row has no printed label.

By geography

Geographical information 6 lines

Geographical information
Item / unit	2025Revenue, RM'000	2024Revenue, RM'000	2025Non-current assets, RM'000	2024Non-current assets, RM'000	Source
Geographical information
MalaysiaRM'000	335,249	326,785	986,055	998,467	PDF p. 191
IndonesiaRM'000	700,409	668,275	1,021,376	1,192,944	PDF p. 191
United States of AmericaRM'000	9,553	12,270	-	-	PDF p. 191
Southwest PacificRM'000	5,976	8,112	-	-	PDF p. 191
OthersRM'000	9,229	4,365	-	-	PDF p. 191
Total (unlabelled total)RM'000	1,060,416	1,019,807	2,007,431	2,191,411	PDF p. 191

Notes

Revenue and non-current assets information are presented based on the geographical location of customers and assets respectively. The amounts of non-current assets do not include financial instruments and deferred tax assets. Total row has no printed label.

Debt

Borrowings

Note 37(d) Maturity of term loans

Note 37(d) Maturity of term loans
Item / unit	2025Group, RM'000	2024Group, RM'000	2025Company, RM'000	2024Company, RM'000	Source
Maturity of term loans
Not later than 1 yearRM'000	26,000	52,433	26,000	52,433	PDF p. 266
Later 5 years or moreRM'000	38,245	37,579	38,245	37,579	PDF p. 266

Borrowing notes 2 tables

Loans and borrowings by type, secured/unsecured, short/long term

Loans and borrowings by type, secured/unsecured, short/long term
Item / unit	2025Group, RM'000	2024Group, RM'000	2025Company, RM'000	2024Company, RM'000	Source
Short term borrowings - Secured
Term loansRM'000	21,000	52,433	21,000	52,433	PDF p. 265
Short term borrowings - Unsecured
Bank overdraftsRM'000	-	716	-	-	PDF p. 265
Bankers’ acceptancesRM'000	15,047	25,159	-	-	PDF p. 265
Revolving creditsRM'000	184,500	122,800	184,500	102,000	PDF p. 265
Term loansRM'000	5,000	-	5,000	-	PDF p. 265
Short term borrowings
Total short term borrowingsRM'000	225,547	201,108	210,500	154,433	PDF p. 265
Long term borrowings - Secured
Term loansRM'000	38,245	58,579	38,245	58,579	PDF p. 265
Long term borrowings - Unsecured
Term loansRM'000	32,500	-	32,500	-	PDF p. 265
Long term borrowings
Total long term borrowingsRM'000	70,745	58,579	70,745	58,579	PDF p. 265
Total borrowings
Terms loansRM'000	96,745	111,012	96,745	111,012	PDF p. 265
Total borrowingsRM'000	296,292	259,687	281,245	213,012	PDF p. 265

Note 37(b) Effective interest rates per annum (floating rate)

Note 37(b) Effective interest rates per annum (floating rate)
Item / unit	2025Group, %	2024Group, %	2025Company, %	2024Company, %	Source
Floating rate
Bank overdrafts% per annum	-	7.35	-	-	PDF p. 266

Notes

All shown under 'Floating rate'.

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
DIVIDENDS	The Company aims to provide sustainable returns to its shareholders. The current dividend policy of distributing annual dividends ranges from 20% to 30% of the consolidated net profit attributable to owners of the Company. Following a review of the Group’s robust cash reserve and projected capital requirement, the board of directors has approved a revised dividend policy to increase the dividend payout ratio to a minimum of 30% of the consolidated net profit attributable to owners of the Company subject to the Group’s financial position.	Group dividend policy, FY2025	PDF p. 164

Dividends declared and proposed

Item	Value	Period / scope	Source
First and final single-tier dividend FY2025	5.0 sen per ordinary share	Declared 25 February 2026 for FY ended 31 December 2025; single-tier; record date 15 April 2026	PDF p. 164
First and final single- tier dividend for financial year ended 31 December 2023 of 2.5 sen per ordinary share	2.5 sen per ordinary share	FY ended 31 December 2023, recognised in 2024; Group and Company; single-tier	PDF p. 208
Interim single-tier dividend for financial year ended 31 December 2024 of 2.5 sen per ordinary share	2.5 sen per ordinary share	FY ended 31 December 2024, recognised in 2024; Group and Company; single-tier	PDF p. 208

Payout

Item	Value	Period / scope	Source
There were no dividends paid since the end of the previous financial year.	There were no dividends paid since the end of the previous financial year.	FY2025	PDF p. 164

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
Audit firm	BDO PLT	Group and Company, FY2025	PDF p. 176
Engagement partner	Lum Chiew Mun	Group and Company, FY2025	PDF p. 176
Opinion	In our opinion, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company	Group and Company, FY2025 · As at 2025-12-31	PDF p. 172

Key audit matters

Item	Value	Period / scope	Source
Impairment of plasma receivables	We determined this to be a key audit matter because it requires management to exercise significant judgement in determining the probability of default by plasma receivables	Group	PDF p. 172
Impairment of amount due from a subsidiary	We determined this to be a key audit matter because it requires management to exercise significant judgement in determining the probability of default by the subsidiary	Company	PDF p. 173
Impairment assessment of the carrying amounts of property, plant and equipment and right-of-use assets in	We determined this to be a key audit matter because it requires management to exercise significant judgements and estimates about the future results and key assumptions applied to cash flow projections of the CGUs in determining their recoverable amounts.	Group	PDF p. 174

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.