Managing Director's Management Discussion and Analysis

Dear Shareholders,

On behalf of the Board of Directors of Rimbunan Sawit Berhad, it is my privilege to put forward to you the Annual Report of our Company and Group for the financial year ended 31 December 2025.

Revenue increased 20.7% to RM657.3 million in 2025 (2024: RM544.5 million), driven mainly by the higher sales value of the Group’s core products, Crude Palm Oil (“CPO”) and Palm Kernel (“PK”), supported by stronger commodity pricing and higher milling throughput during the year. Average selling prices improved for CPO to RM4,205/MT (+1.8%) and PK to RM3,200/MT (+28.2%), which amplified the revenue contribution from these principal products. In addition, FFB production rose 9.0% to 314,544 MT (2024: 288,657 MT), which supported revenue growth through higher internal processing volumes and corresponding CPO and PK output, while also strengthening gross margins through the Group’s integrated estate-to-mill operations.

The Group reported a gross profit of RM83.5 million, profit before tax of RM17.1 million, profit after tax of RM1.7 million, and EBITDA of RM95.0 million. The results were primarily underpinned by the Group’s continued focus on cost optimization initiatives, adoption of innovative and sustainable operational practices.