1. Malaysia Stocks

  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
Sarawak Plantation Bhd.

Sarawak Plantation Bhd.

MMYX:SWKPLNT
4.40
MYR
+0.03
(+0.69%)
8.98P/E
Dec 01Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.3
1.39
1.2
1.37
1.43
1.11
1.24
1.67
2.83
2.55
2.05
1.98
2.05
2
Basic EPS, GAAP
0.14
0.22
0.08
0.08
0.02
0.04
0.07
0.22
0.46
0.35
0.23
0.33
0.38
0.42
Free Cash Flow per Basic Share
0.05
0.09
-0.05
-0.17
-0.01
0.01
0.06
0.22
0.51
0.36
0.16
0.25
0.25
0.34
Dividend per Share
0.09
0.1
0.03
0.04
- -
0.05
0.05
0.05
0.1
0.2
0.15
0.25
0.2
0.15
Book Value per Share
2.09
2.2
2.25
1.94
1.96
1.95
1.98
2.1
2.41
2.55
2.68
2.79
2.97
3.1
Tangible Book Value per Share
2.09
2.2
2.25
1.94
1.96
1.95
1.97
2.09
2.4
2.54
2.67
2.79
2.97
3.1
Basic Weighted Avg Shares
280
280
280
280
280
280
279
279
279
279
279
279
279
279
Sales/Revenue/Turnover
362
390
334
384
399
311
348
466
791
711
571
551
572
558
Operating Margin (%)
13.9
10.56
4.53
7.66
10.25
5.47
7.16
14.43
18.68
19.48
15.33
18.19
21.03
23.89
Depreciation Expense
21
22
22
24
42
29
28
31
41
42
42
42
42
43
Net Income, GAAP
40
61
21
22
6
11
21
61
128
97
64
92
106
118
Effective Tax Rate (%)
19.78
13.08
8.64
24.87
56.33
31.06
27.16
25.78
23.81
27.47
25.83
25.32
24.88
24.55
Profit Margin (%)
10.96
15.72
6.37
5.78
1.58
3.6
6.02
13.19
16.17
13.6
11.29
16.69
18.51
21.24
Working Capital
50
65
82
66
102
57
30
43
100
139
183
237
291
336
LT Debt
5
3
21
90
110
96
74
49
4
4
10
40
63
69
Total Equity
577
610
622
533
539
536
541
575
665
706
743
784
834
868
Return on Invested Capital (%)
6.31
5.53
2.06
3.26
2.66
1.71
2.68
7.37
15.63
13.52
8.68
9.41
10.38
10.86
Return on Capital (%)
6.98
9.76
3.65
4.11
1.37
2.35
3.52
9.28
18.09
13.29
8.72
11.57
12.16
12.88
Return on Common Equity (%)
6.89
10.22
3.42
3.79
1.16
2.04
3.81
10.8
20.35
13.98
8.82
12.05
13.15
14.11

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8
20
16
LT Borrowings
57
61
64
LT Finance Leases
6
5
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
279
279
279
Market Capitalization
832
1,027
1,063

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
365
397
434
Cash, Cash Equivalents & STI
227
259
280
Accounts Receivable, Net
20
16
17
Inventories
107
117
131
Total Current Liabilities
74
90
98
Payables & Accruals
- -
- -
- -
ST Debt
8
20
16
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.24%
7.78%
6.39%
Free Cash Flow
72.32%
21.93%
3.22%
Net Income, GAAP
39.89%
21.64%
14.96%
Sales/Revenue/Turnover
8.28%
8.04%
3.66%
Total Cash Common Dividend
- -
44.33%
-20%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
127
131
149
144
551
2025
136
131
140
165
572
2026
105
147
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.09
0.11
0.06
0.33
2025
0.08
0.1
0.11
0.09
0.38
2026
0.08
0.14
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
- -
0.05
0.15
0.25
2025
- -
- -
- -
0.15
0.2
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Iswandi bin Ayub
Full Time Employees
2,256
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Wisma SPB Miri SA Malaysia 98000
IPO Date
Aug 29, 2007
Website
spbgroup.com.my
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Business
Sarawak Plantation Berhad, an investment holding company principally engaged in the cultivation, development and management of oil palm plantations and the processing of fresh fruit bunches into crude palm oil and palm kernel, operates primarily in Sarawak, Malaysia. Founded in 1997 and headquartered in Miri, Sarawak, the group maintains a total land bank of approximately 52,000 hectares, including 13 oil palm estates encompassing 42,185 hectares of plantable land and a joint venture estate of 412 hectares with a Sarawak state agency; it owns and operates two palm oil mills at Niah and Mukah with a combined capacity of 140 metric tonnes per hour following the Niah mill's expansion. Core products and services encompass estate operations yielding fresh fruit bunches, milling into crude palm oil and palm kernel; high-quality DxP seeds under the Surea brand from a dedicated seed garden; cattle integration activities; laboratory services including fertilizer, soil, leaf, water and effluent testing; plantation management and agronomic services; and property investment and rentals. In recent developments, the group acquired the remaining 40% stake in joint venture SPB Pelita Suai Sdn Bhd for MYR 0.27 million in September 2024, achieving full ownership; aggressively pursued a replanting programme covering 4,200 hectares in 2024 at a cost of RM54 million—exceeding targets by 5%—with plans for an additional 2,800 hectares in 2025 targeting old mature trees from recovered encumbered areas and ganoderma-infested zones while investing RM9.9 million in bearer plants in early 2025; and expanded nursery capacity to support up to 1.2 million seedlings annually. These initiatives, alongside strong financial performance including record third-quarter profits in 2025 and proactive yield recovery, position the group for enhanced long-term productivity and earnings growth amid resilient crude palm oil demand.