IOI Corp Profit Surges 14.3% in Fiscal 2026 Amid Elevated CPO Prices

IOI Corp reported a strong profit picture for fiscal 2026, with net profits reaching RM1.68 billion, up 14.3% year-over-year from the prior fiscal year.

The company's shares have been trading steadily on Bursa Malaysia as investors digest higher crude palm oil prices and improving downstream margins.

IOI Corp expects the current firm crude palm oil price environment to support earnings momentum into fiscal 2027, with spot prices indicated in a high range of RM4,800 to RM5,000 per tonne in recent weeks.

The company's plantation segment benefited from improved operational metrics in the latest quarter, including a higher oil extraction rate of 22.67%, which contributed to solid profitability alongside favorable average selling prices for crude palm oil and palm kernel.