SD Guthrie achieves strong first half with RM1.07 billion net profit

SHAH ALAM - SD Guthrie Berhad delivered a strong performance for the first half of FY2025, reporting a net profit of RM1.07 billion, a 71 per cent year-on-year (YoY) increase from RM626 million in the same period last year.

For the second quarter alone, net profit rose 22 per cent to RM505 million.

The Group’s outstanding results were largely driven by its Upstream segment, which saw profits double on the back of stronger average realised prices for crude palm oil (CPO) and palm kernel (PK), up three per cent and 50 per cent YoY respectively.

Fresh fruit bunch (FFB) production also rose by four per cent, with growth recorded across all regions.

In contrast, the Downstream segment, SD Guthrie International (SDGI), recorded a 44 per cent decline in profit before interest and tax (PBIT) in 2Q FY2025, impacted by weaker demand and tighter margins in Asia Pacific and Europe.

However, its Oceania operations achieved solid performance, supported by higher sales and improved margins.

SD Guthrie stays focused on long-term growth.

Following a strong first half, SD Guthrie is staying focused on long-term growth despite global uncertainties.

Its chairman, Tan Sri Dr Nik Norzrul Thani, said that continued progress in the Group’s operational excellence, as well as growing momentum in its new Industrial Development and Renewables segments, will help future-proof the business.

“Moving into second half of FY2025, the global economic and operating environment remains volatile and unpredictable. As such, the meaningful progress made in our operational excellence initiatives, and the steady uptick in activities within the new Industrial Development segment and continuous progress made in the Renewables sector, will help to future proof the Group.

"I am pleased with Guthrie's momentum and am confident that our disciplined approach to driving measurable results will deliver long-term and sustainable value to shareholders,” he said in a statement.

Meanwhile, Group Managing Director Datuk Mohamad Helmy Othman Basha said that the Group’s solid results reflect the strength of its strategy and execution.

As Guthrie expands into new growth areas, including national development-linked projects, it remains committed to responsible collaboration.

“The Group’s performance in this period bears testament to our robust strategy and disciplined execution, as we continue to prioritise operational excellence. Even as our core business segments regain momentum, the new and expanded strategic focus to pursue broader growth initiatives is starting to take shape.

"As we expand into our new pillars on the back of the national development agenda, we are committed to ensuring the collaborations on our land are well-strategised and take into consideration the development potential of the area and also the impact to surrounding communities.

"The recent Memorandum of Understanding (MoU) with Permodalan Negeri Selangor Berhad (PNSB) to co-develop a Food Security and Edu-Tech Hub on Carey Island is a prime example of our commitment.

"Here the focus is not only to stimulate economic growth on the island, but also to ensure the existing community and rich heritage are protected. Guthrie values opportunities to be involved in such meaningful developments,” he said.

SD Guthrie is committed to responsible collaboration.

After a strong first half of 2025, SD Guthrie is preparing for a more uncertain second half.

The Group expects higher fresh fruit bunch (FFB) production, thanks to better weather and improved productivity across its plantations in Malaysia, Indonesia, Papua New Guinea, and the Solomon Islands.

With new business areas gaining momentum, SD Guthrie is confident it can stay strong and grow, even as market conditions remain challenging.