PPB Group's net profit jumps to RM338.08mil in Q2, revenue slips to RM1.31bil

KUALA LUMPUR - PPB Group Bhd reported a higher net profit of RM338.08 million for Q2 2026, compared to RM279.83 million in the same period last year. However, revenue declined to RM1.31 billion, down from RM1.35 billion. The grains and agribusiness segment saw a 7% decrease in revenue to RM862 million due to lower sales in flour, feed, and livestock sub-segments.

The film exhibition and distribution segment also experienced a 12% drop in revenue to RM185 million, from RM210 million. The group remains in a challenging environment due to conflicts in West Asia, weather disruptions, and price volatility. Key cost pressures are expected in the second half of 2026, including logistics, energy, and input costs.

PPB aims to mitigate risks by diversifying grain sourcing and closely monitoring market developments. The stronger ringgit against the US dollar has provided some relief to grain importers, but margin pressure is expected to persist.