May 29, 2026

QL Resources 4Q profit rises 21% on marine segment recovery as egg subsidy removal weighs on livestock earnings

Full-year net profit slips 1% as stronger aquaculture and fishing margins offset weaker layer farming performance.

 

QL Resources Bhd posted a net profit of RM113.3 million (US$25.6 million) for the fourth quarter ended 31 March 2026, up 21% from RM93.4 million (US$21.1 million) a year earlier, driven by improved margins in its marine product manufacturing segment. Revenue rose 4% year on year to RM1.81 billion (US$409 million) from RM1.74 billion (US$394 million).

 

The marine product manufacturing segment benefitted from stronger fishing and aquaculture activity as well as stable surimi-based product contributions, though these gains were partially offset by lower fishmeal and surimi sales volumes.

 

The integrated livestock farming (ILF) segment, QL's largest earnings contributor, saw profit before tax fall 31% despite a 3% revenue increase. The decline was driven by weaker layer farming performance in Peninsular Malaysia following lower egg prices and the removal of egg subsidies, with higher feed raw material trading volumes unable to fully compensate.

 

For the full year FY2026, net profit slipped 1% to RM450.4 million (US$101.9 million) from RM455.1 million (US$103.0 million) in FY2025, while revenue was broadly flat at RM7.05 billion (US$1.59 billion).

 

The group proposed a final dividend of 2.5 sen per share, bringing total FY2026 dividends to five sen per share, totalling RM91.3 million (US$20.6 million).

 

Looking ahead, QL said the ILF segment faces continued margin pressure from the full removal of egg subsidies and ongoing production normalisation. The marine product manufacturing segment is expected to maintain cautiously positive performance, supported by cost efficiency and steady export demand.

 

- The Edge Malaysia