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New Straits Times

PPB posts higher net profit of RM375.83mil in 1Q25

KUALA LUMPUR: PPB Group Bhd's net profit rose to RM375.83 million in the first quarter ended March 31, 2025 (1Q 2025) from RM337.17 million in 1Q 2024, while its revenue also increased to RM1.35 billion in 1Q 2025 from RM1.29 billion previously. In a filing with Bursa Malaysia today, the group attributed its performance to higher contributions from Wilmar International Ltd, which increased to RM283 million in 1Q 2025 from RM266 million previously. PPB owns an 18.8 per cent equity interest in Wilmar, one of Asia's largest integrated agribusiness groups. "At the same time, core business segments recorded a 25 per cent increase in profit to RM127 million in 1Q 2025 (1Q 2024: RM102 million)," it said. On prospects, it said the grain and agribusiness segment will continue to closely monitor global grain prices and adopt prudent sourcing strategies, given the commodity market's vulnerability to adverse weather conditions in key grain-producing regions and evolving government policies. "These challenges are further compounded by heightened global uncertainties and economic pressures arising from the escalation of United States tariff measures. "Nonetheless, the group remains committed to upholding high product quality by leveraging its technical expertise and delivering reliable customer service. We are confident in our ability to remain resilient and deliver a satisfactory performance in 2025," it added. Meanwhile, PPB said the consumer products segment will continue to expand its product range and strengthen its market presence to enhance distribution efficiency amid rising operating costs. "Supported by resilient domestic household spending, a well-established distribution network and robust logistics infrastructure, the segment is well-positioned to respond effectively to evolving market demand and is expected to deliver a satisfactory performance in 2025," it said. — BERNAMA TAGS: PPB, result, 1Q 2025, Wilmar