FGV Holdings saw its revenue grow by 26 percent to RM6.18 billion compared to the previous RM4.91 billion, while Profit After Tax & Minority Interests (PATAMI) grew to RM87 million from RM32 million.

FGV's Operating Profit before fair value changes in LLA and impairment of RM403 million also increased compared to RM207 million reported in the previous corresponding financial period.

This performance improvement was driven by higher fresh fruit bunch (FFB) processed, yield and reduced crude palm oil (CPO) cost ex-mill. The average CPO price realised was registered at RM3,980 per metric tonnes (MT), compared to RM3,879 per MT in the same quarter last year.

For the three quarters combined, the group saw its profit jump RM160 million compared to RM31 million recorded in 2023, the overall revenue has also improved significantly from RM13 billion to RM16 billion.

Fakhrunniam Othman, Group Chief Executive Officer of FGV (GCEO) said, "Our financial performance continues to demonstrate resilience and growth. Our Plantation Division has been one of the key drivers, showing remarkable improvement in FFB production and yield. Despite challenges in some segments, our strategic focus on optimising operations and increasing efficiency is paying off,and I am confident that we are on track to close the year on a strong note."