Untung bersih SD Guthrie naik 16% kepada RM2.32 bilion

SD Guthrie's consolidated profit increased by 16% to RM2.32 billion for the first nine months ending September 30, 2026, compared to RM2.01 billion in the same period last year. The company remains on solid footing for the entire year, driven by higher profit contributions from upstream, midstream and industrial development segments.

Total PBIT rose 13% to RM3.25 billion from RM2.89 billion, despite a 2% decline in the group's profit attributable to shareholders to RM15.03 billion. However, organic profit declined 17% to RM773 million from RM935 million over the same period last year. Fertilizer segment output rose 8% for the third quarter, while average crude oil and bitumen prices each increased 3% and 7% to RM4,340 and RM3,342 per metric ton, respectively.

The industrial development segment also reported PBIT of RM770 million for the first nine months of the year, up 78% from the same period last year, supported by strategic land banking and growing development portfolio. Chairman Norzrul Thani Nik Hassan Thani praised the company's performance, attributing it to disciplined execution across global business operations.

He expressed confidence that the company's strategy, vision and new leadership capabilities will continue to drive group growth and create value for shareholders. Guthrie president and CEO Haris Arshad noted that higher output, resilient commodity prices and greater industrial development segment contributions were the primary drivers of the company's success.

He said the company remains on a growth trajectory, but will diversify revenue sources to strengthen long-term growth. While oil exploration remains the overall strategy, the company will focus on building revenue-generating assets to drive growth and earnings stability. The upstream segment, encompassing crude oil collection and processing activities, reported PBIT of RM286 million, while the condensate and oleochemical segment contributed RM59 million.

Looking ahead, Guthrie anticipates crude oil prices to remain stable and potentially grow further through 2027, despite high inventories and slower export demand, which may dampen the market in the short term. Lower seasonal production is expected to help reduce inventories, while Indonesia's biodiesel mandate and high crude oil prices could support crude oil demand and prices.

However, the potential El Niño phenomenon is a clear risk to earnings and crude oil supply in the future.