TSH Resources Berhad posted a net profit attributable to shareholders of RM182.9 million for the 12 months ended Dec 31 2025, up 35 per cent year-on-year, helped by a firmer contribution from its core palm-products division.

Revenue rose 4 per cent to RM1.06 billion, while basic earnings per share increased to 13.95 sen from 9.83 sen a year earlier. The board has proposed a first and final single-tier dividend of 5.0 sen a share; this matches the cash distribution declared for FY2024.

Palm-products turnover expanded 5 per cent to RM1.01 billion, lifting segment operating profit 29 per cent to RM325.3 million despite higher Indonesian export levies and duties, which climbed RM26.6 million to RM117.3 million. Average crude palm-oil (CPO) selling prices edged up 1 per cent to RM3,829 a tonne, while palm-kernel (PK) prices surged 34 per cent to RM3,199 a tonne.

The “Others” segment – which includes wood products and power generation – recorded a 3 per cent decline in revenue to RM51.8 million and an operating loss of RM15.7 million, hurt by lower timber and electricity sales and a fair-value loss on forest-planting expenditure.

Group pre-tax profit rose 37 per cent to RM302.3 million, but fourth-quarter earnings slipped sequentially as fresh-fruit-bunch (FFB) output moderated following a seasonal production peak in the mid-third quarter and localised bad weather.

TSH closed the year with a net cash position of RM173.5 million and has raised its dividend policy to a minimum payout of 30 per cent of annual net profit. Management said it will continue new-planting programmes and focus on yield and efficiency gains to underpin performance in 2026.

Market conditions for CPO remain sensitive to competing oil prices, biofuel mandates, geopolitical risks, currency moves and energy costs, but the group “remains optimistic” of delivering a satisfactory performance in the current year.