KLK posts RM1.34bil net loss in Q3 on RM1.62bil impairment loss
KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) posted a net loss of RM1.34 billion in the third quarter of 2026 compared with a net profit of RM346.59 million in the same quarter a year ago after accounting for a RM1.62 billion impairment loss on investment in an overseas associate, United Kingdom-listed Synthomer plc.
KLK, the palm oil producer, reported a significant net loss of RM1.34 billion for Q3 2026, a stark contrast to the RM346.59 million profit in the same period last year. The loss was primarily due to a RM1.62 billion impairment loss on its investment in Synthomer plc, a UK-listed company. Despite this, revenue increased to RM7.05 billion, up from RM6.43 billion in the same quarter of the previous year.
The RM1.62 billion non-cash and non-operational accounting adjustment is expected to remove a recurring and uncertain drag on KLK's earnings, with no anticipated impact on cash flow or dividend outlook.
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