Batu Kawan posts RM653.16mil net loss in Q3 on RM1.62bil impairment
KUALA LUMPUR: Batu Kawan Bhd reported a net loss of RM653.16 million in the third quarter of 2026, which ended on June 30, 2026, compared to a net profit of RM182.92 million from the same period a year earlier.
Batu Kawan Bhd reported a net loss of RM653.16 million in Q3 2026, up from a profit of RM182.92 million in the same period last year. The loss was mainly due to a RM1.62 billion impairment on its investment in Synthomer plc. Revenue grew to RM7.24 billion from RM6.60 billion, supported by improved performance in the plantation and manufacturing sectors.
The impairment loss, an accounting matter, did not impact the company's cash flow, liquidity, or dividend capacity. For the first nine months of 2025, Batu Kawan posted a net loss of RM306.04 million, compared to a profit of RM398.40 million a year earlier. Revenue increased to RM20.47 billion, driven by higher sales volumes and lower costs.
The company anticipates continued strength from its plantation segment, despite elevated operating costs and challenges in the oleochemical, refinery, and kernel crushing divisions due to industry overcapacity and margin pressures.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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