KUALA LUMPUR: FGV Holdings Bhd

has returned to the black with a net profit of RM36.48mil for the first quarter of financial year ended March 31, 2025 (1Q25), compared with a net loss of RM13.50mil in 1Q24.

Revenue also improved by 11% to RM5.04bil against RM4.54bil in the same quarter last year, driven by the stronger performance of the plantation division, it said in a filing with Bursa Malaysia yesterday. The company noted that the fresh fruit bunch (FFB) yield increased by 6% while its FFB price rose by 24%.

Looking ahead, it said crude palm oil prices are expected to ease from the current level of RM4,700 per tonne to around RM4,000 per tonne in the coming months, as supply improves with favourable weather, seasonally higher cropping cycles, and the absence of festive-related demand.

FGV said it remains firmly focused on strengthening operational efficiency and optimising costs in line with its 2025 performance targets. — Bernama