SEGMENTAL PERFORMANCE The Plantation Division posted a PBZT of RM261 million, a significant improvement from RM39 million in 2023. The performance uplift was driven by higher FFB production, improved yields, and lower production costs. FFB production rose 9% to 3.97 million MT, with yields improving 15% to 15.56 MT per Ha, reflecting enhanced estate management. Total FFB received, including external sources, increased 12% to 14.18 million MT, while CPO production grew 11% to 2.92 million MT. Despite a slight decline in the Oil Extraction Rate (OER) to 20.61% from 20.68% in 2023, it remained above the industry benchmark of 19.67%. Meanwhile, cost efficiencies lowered CPO production costs ex-mill by 9% to RM2,508 per MT. Revenue (2023: RM1,200 million) RM1,350 million PBZT (2023: RM39 million) RM261 million The Oils & Fats Division recorded a PBZT of RM205 million, a 23% decline from RM267 million in 2023, primarily due to narrower trading margins. However, segment revenue grew 15% to RM16,704 billion, supported by higher palm oil product sales and a stronger performance in the edible oils and chemicals segment. While bulk commodity margins were compressed, the edible oils and chemicals segment delivered a 42% increase in profit to RM85 million. Revenue (2023: RM14,554 million) RM16,704 million PBZT (2023: RM267 million) RM205 million The Sugar Division staged a strong recovery, posting a PBZT of RM79 million compared to a loss of RM23 million in 2023. This turnaround was driven by higher selling prices, an 8% increase in sales volume, better capacity utilisation, and lower refining costs. Segment revenue grew 15% to RM3,544 million, reflecting strong domestic demand and improved pricing strategies. Refining costs were reduced by 11%, improving margins, while incentives for packed sugar sales further supported revenue growth. Revenue (2023: RM3,091 million) RM3,544 million P/(L)BZT (2023: -RM23 million) RM79 million The Logistics & Support Division recorded a PBZT of RM157 million, a 5% increase from RM149 million in 2023. Revenue grew 11% to RM531 million, reflecting increased tonnage and improved handling rates. Total tonnage carried rose 14%, contributing to revenue growth, while operational efficiencies helped mitigate rising fuel costs. Revenue (2023: RM479 million) RM531 million PBZT (2023: RM149 million) RM157 million PLANTATION DIVISION OILS & FATS DIVISION* SUGAR DIVISION LOGISTICS & SUPPORT DIVISION * In 2024, Delima Oils Products Sdn Bhd operated under the Oils & Fats Division. Beginning in 2025, it will be restructured under the Consumer Products Division. 67 Sec 05 DRIVING VALUE THROUGH BUSINESS GROWTH (FINANCIAL REVIEW)
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