IOI Corp's Q3 earnings rise 8.0pct to RM283.3mil on lower revenue

KUALA LUMPUR: IOI Corp Bhd posted an eight per cent rise in net profit for the third quarter ended March 31, 2026, to RM283.3 million from RM262.3 million a year ago.

This was mainly driven by stronger contributions from the plantation and resource-based manufacturing segments.

IOI' Corp's revenue, however, dropped 2.1 per cent to RM2.67 billion from RM2.73 billion a year earlier, its Bursa Malaysia filing showed.

No dividend was declared for the quarter.

For the nine-month period, its net profit grew 8.9 per cent to RM1.18 billion from RM1.08 billion a year earlier, while revenue rose 4.3 per cent to RM8.73 billion against RM8.37 billion previously.

IOI Corp said crude palm oil (CPO) prices are expected to remain supported by elevated soybean oil prices, which continue to trade at a significant premium to CPO, as well as higher biodiesel mandates in Malaysia and Indonesia.

However, it said the upside could be limited by seasonally stronger fresh fruit bunch production.

This may lead to higher palm oil inventory levels, coupled with softer demand from key importing countries.

"In addition, Indonesia's recently announced plan to centralise CPO exports introduces uncertainty and may amplify near term price volatility.

"On balance, while volatility is likely to persist in the near term, CPO price is anticipated to range between RM4,300 and RM4,600 per tonne over the next three months," it said.