Latest news with #FGVHoldingsBerhad
Daily Express
23-07-2025
- Business
- Daily Express
Net zero more than renewable energy
Published on: Wednesday, July 23, 2025 Published on: Wed, Jul 23, 2025 By: Sisca Humphrey Text Size: Dr Tan framed the company's climate strategy around two pillars, which are adaptation and mitigation. Kota Kinabalu: Net zero is not just about renewable energy, but it is about a systemic transformation that reshapes supply chains, product design, social commitments and innovation, said Head of Group Transformation at FGV Holdings Berhad Dr Gideon Tan. Speaking at the Marim Conference 2025 in here, recently, Dr Tan said the company's climate action efforts extend far beyond emissions and energy. 'Net zero is not just solar panels or certificates, it's a whole-of-organisation agenda,' he said. To contextualise FGV's sustainability journey, he said the company's complex business divisions, ranging from plantations and downstream processing to logistics, healthcare and even education. He noted that 74 per cent of FGV's palm oil crops come from smallholders, mirroring Asia's broader food system, which heavily depends on them. 'We're not just operating commercial estates. We run clinics and have built 17 schools for the children of migrant workers,' he said. Dr Tan framed the company's climate strategy around two pillars, which are adaptation and mitigation. 'Managing the effects of climate change is adaptation. Tackling the causes is mitigation. We need to do both,' he said. On adaptation, FGV is addressing climate extremes such as flooding and droughts while responding to global policies like the EU Deforestation Regulation (EUDR). Unable to expand land use due to deforestation restrictions, the group has focused on increasing yields per hectare. 'We no longer have the option to expand land. Yield improvement is the only way forward,' he said, citing their 56-year-old R&D centre that develops higher-yield planting materials. FGV has also deployed technologies like the FGV Geodagger, a satellite-linked device for precision replanting. Turning to mitigation, he emphasised the importance of understanding company emissions through inventory baselining, a process recently validated under the SBTi (Science-Based Targets initiative). The group's mitigation roadmap includes energy efficiency, solar power, bioenergy and transportation reforms. 'Our plantations operate in areas without public utilities. We build our own water, wastewater and energy systems,' he said. On energy efficiency, FGV performs audits across its supply chain and encourages internal innovation. One in-house invention is an electric transporter to replace petrol units for field operations. 'We want our employees to be innovators and our electric transporter was built in-house,' Dr Tan said. FGV's solar strategy leverages Malaysia's NETR framework and includes various ownership and feed-in tariff models. However, it's in bioenergy that the company sees significant potential. FGV operates biogas plants capturing methane emissions from mill effluent ponds, which is a major source of GHG. 'We capture methane before it reaches the atmosphere, one tonne of methane is equivalent to 28 tonnes of CO₂,' he said. It also operates two biomass power plants, including one in Sabah's off-grid areas and is exploring diverse applications for palm biomass, ranging from compost to aviation fuel. 'Palm oil uses only 0.5 per cent of the world's agricultural land, yet produces over a third of global vegetable oil supply,' he said, highlighting the efficiency of palm oil in the global food system. FGV also turns biomass into animal feed using black soldier fly larvae in what he calls a 'bio-refinery without a factory'. 'We turn waste into protein with black soldier fly larvae. It's a bio-refinery without a factory,' he said. As for transportation, FGV is replacing petrol-based field vehicles with EV models and trialling B100 biodiesel in logistics trucks and passenger vehicles. Dr Tan reiterated that net zero should not be reduced to a single target or technology. 'Net zero is not a slogan. It's a systemic shift in how we operate across supply chains, products and people,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malaysian Reserve
01-07-2025
- Business
- Malaysian Reserve
Ahmad Shabery's contract as Felda chairman expires yesterday
KUALA LUMPUR — Datuk Seri Ahmad Shabery Cheek's (picture) contract as Federal Land Development Authority (Felda) Chairman expired yesterday (June 30). Felda, in a statement today, announced that Ahmad Shabery's last task as chairman was presiding over the Felda Supreme Management Meeting held yesterday. 'During his two years at the helm of Felda, he has played a major role in strengthening the ecosystem between Felda and its subsidiaries, especially in expediting the delisting of FGV Holdings Berhad, thus restoring the confidence of strategic partners and enhancing Felda's image and prestige. 'His approach is translated through the idea of 'Everything Felda', which is now the core of unifying the organisation and the community,' read the statement. The Felda management and employees expressed their appreciation for Ahmad Shabery's services, dedication and leadership throughout his tenure as Felda Chairman. Ahmad Shabery was appointed as Felda Chairman on July 1, 2023. — BERNAMA
New Straits Times
12-06-2025
- Business
- New Straits Times
Felda committed to strengthening plantation sector transformation
Bernama KOTA TINGGI: The Federal Land Development Authority (Felda) is continuing to take proactive steps to strengthen the nation's plantation sector transformation agenda. Its chairman Datuk Seri Ahmad Shabery Cheek said the effort includes the implementation of the 25:23 Project. This initiative aims to increase the yield to 25 tonnes per hectare per year and achieve an oil extraction rate (OER) of 23 per cent by 2027. He said this initiative also promotes quality, discipline, and collaboration between Felda and FGV Holdings Berhad, a major seed producer, to achieve this goal. "FGV is a reliable seed producer and constantly enhances the quality of its seeds to achieve better yields. Felda's plantation management and the efficient operations of FGV's mills are equally important to ensure high oil extraction rates," he told reporters at the 2024 Best 25:23 Project awards ceremony at Dewan Semai Bakti Felda Lok Heng here today. Present were FGV Holdings Berhad chairman Tan Sri Rastam Mohd Isa and Felda Johor Bahru Regional director Mohd Helmi Fakhzan Abd Wahab. Ahmad Shabery said the event was held to recognise outstanding Felda personnel and plantation managers who have improved the productivity and quality of fresh fruit bunches. Awards were presented to individuals and top-performing plantation complexes involved in the 25:23 Project. The initiative will be expanded to 15 additional complexes. "This reflects Felda's continued commitment to improving operational efficiency and plantation yields. As a major contributor to the global oils and fats industry, Felda and its subsidiaries are crucial in promoting sustainability, competitiveness, and the empowerment of the bumiputera economy," he said. He also said that Felda is expanding the PMS 'Damar Berkat' operational model to reduce losses in settlers' produce, improve transaction transparency, and ensure higher income for them. "The PMS model, successfully implemented by the Koperasi Permodalan Felda (KPF) since April, is set to be expanded following a pilot project in Bukit Damar, Lanchang, Pahang. We will soon introduce it to 11 additional locations and ultimately to over 40 areas. I hope this will be a game changer in managing palm fruits before they are sent to the mills," he said. He added that six new PMS locations have been identified: Ijok and Nenering in Perak; Layang-Layang, Chemplak, Chemplak Barat, and Sri Ledang in Johor; and Kampung New Zealand in Pahang. "This implementation will be guided by a comprehensive system that includes procurement, quality control of fresh fruit bunches, logistics for delivery to mills, and more competitive pricing," he said.
Yahoo
07-05-2025
- Business
- Yahoo
FGV Holdings Berhad's (KLSE:FGV) Earnings May Just Be The Starting Point
FGV Holdings Berhad (KLSE:FGV) recently posted some strong earnings, and the market responded positively. We have done some analysis, and we found several positive factors beyond the profit numbers. We've discovered 1 warning sign about FGV Holdings Berhad. View them for free. KLSE:FGV Earnings and Revenue History May 7th 2025 The Impact Of Unusual Items On Profit To properly understand FGV Holdings Berhad's profit results, we need to consider the RM100m expense attributed to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual expenses don't come up again, we'd therefore expect FGV Holdings Berhad to produce a higher profit next year, all else being equal. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Our Take On FGV Holdings Berhad's Profit Performance Unusual items (expenses) detracted from FGV Holdings Berhad's earnings over the last year, but we might see an improvement next year. Because of this, we think FGV Holdings Berhad's earnings potential is at least as good as it seems, and maybe even better! Furthermore, it has done a great job growing EPS over the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you want to do dive deeper into FGV Holdings Berhad, you'd also look into what risks it is currently facing. Case in point: We've spotted 1 warning sign for FGV Holdings Berhad you should be aware of. Today we've zoomed in on a single data point to better understand the nature of FGV Holdings Berhad's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
05-05-2025
- Business
- Yahoo
FGV Holdings Berhad Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags
Revenue: RM22.2b (up 14% from FY 2023). Net income: RM276.3m (up 172% from FY 2023). Profit margin: 1.2% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. EPS: RM0.076 (up from RM0.028 in FY 2023). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 18%. The primary driver behind last 12 months revenue was the Oils and Fats segment contributing a total revenue of RM20.1b (91% of total revenue). Notably, cost of sales worth RM20.0b amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM1.01b (55% of total expenses). Explore how FGV's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Food industry in Malaysia. Performance of the Malaysian Food industry. The company's shares are up 10% from a week ago. Don't forget that there may still be risks. For instance, we've identified 1 warning sign for FGV Holdings Berhad that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
