LKF Partners

KIM LOONG RESOURCES BERHAD (KMLOONG 5027)

| Result Updates
Quarterly Results | Quarterly Production

QUARTERLY RESULTS

Quarter Ending 31-Jan Apr-24 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 Oct-25
Q1 Q2 Q3 Q4 Q1 Q2 Q3
Revenue 388,386 405,936 446,379 443,320 411,717 436,194 469,027
Gross Profit 80,434 72,766 85,232 60,031 76,967 83,687 78,521
Profit Before Tax 76,331 62,954 76,589 39,931 68,982 74,981 68,628
Tax Expense (17,669) (14,606) (19,063) (9,520) (16,400) (17,461) (16,337)
Profit After Tax 58,662 48,348 57,526 30,411 52,582 57,520 52,291
Non-Controlling Interest (9,146) (8,844) (7,562) (7,615) (10,662) (10,214) (8,412)
Net Profit to Owners 49,516 39,504 49,964 22,796 41,920 47,306 43,879
EPS (sen) 5.07 4.04 5.11 2.33 4.28 4.82 4.47
Short-Term Funds 208,248 205,058 259,609 275,307 296,637 334,122 399,722
Cash 220,475 223,184 228,674 248,933 287,638 254,202 233,552
Borrowings – Current (15,970) (15,105) (14,996) (25,146) (25,146) (35,296) (35,296)
Borrowings – Non-Current (32,991) (30,492) (27,993) (135,344) (132,845) (120,196) (117,697)
Net Cash 379,762 382,645 445,294 363,750 426,284 432,832 480,281
Profit After Tax 40,454 81,514 43,272 52,612 58,230 80,143 77,915
Impairment on PPE 0 0 (17,193) 0 0 0 0
FV Change Biological Assets 19,912 12,228 375 451 10,625 11,724 (14,759)
Non-Controlling Interests (11,652) (19,411) (9,102) (11,387) (14,586) (16,949) (15,141)
Net Profit to Owners 48,714 74,331 17,352 41,676 54,269 74,918 48,015
Basic/Diluted EPS (Sen) 11.06 16.88 3.94 9.46 12.32 17.01 10.90
Cash Flow
Operating Cash Flow 60,009 72,690 83,446 34,398 60,216 69,830 63,395
Acquisition PPE, Bearer Plants & ROU (14,701) (10,439) (14,900) (16,912) (9,130) (11,571) (9,697)
Disposal of PPE 310 122 13 3,080 40 12 0
Dividends paid to Non-Controlling Interest 0 (12,092) (7,590) (8,406) (480) (6,266) (9,060)
Free Cash Flow to Owners 45,618 50,281 60,969 12,160 50,646 52,005 44,638
Investment in Subsidiary (9,027) 0 0 0 0 575 0
Dividends Paid (29,180) (48,754) 0 (97,616) 0 (49,117) 0
Share Issue 0 0 0 0 0 0 7,651
RCF 7,411 1,527 60,969 (85,456) 50,646 3,463 52,289

QUARTERLY PRODUCTION

Fresh Fruit Bunches (FFB)

FFB Production
Jan Qtr (Q4)
FY2026: 81,730 MT
FY2025: 68,945 MT
FY2024: 86,013 MT

Oct Qtr (Q3)
FY2026: 81,680 MT
FY2025: 82,057 MT
FY2024: 87,746 MT

Jul Qtr (Q2)
FY2026: 86,942 MT
FY2025: 81,894 MT
FY2024: 83,007 MT

Apr Qtr (Q1)
FY2026: 79,668 MT
FY2025: 77,317 MT
FY2024: 72,831 MT

Crude Palm Oil (CPO)

CPO Production
Jan Qtr (Q4)
FY2026: 98,389 MT
FY2025: 70,029 MT
FY2024: 80,830 MT

Oct Qtr (Q3)
FY2026: 84,905 MT
FY2025: 87,679 MT
FY2024: 88,270 MT

Jul Qtr (Q2)
FY2026: 88,25 MT
FY2025: 81,407 MT
FY2024: 81,307 MT

Apr Qtr (Q1)
FY2026: 71,169 MT
FY2025: 75,626 MT
FY2024: 67,200 MT

ANALYST RATINGS

Results Announcement Date: 26 February 26 (Closing Share Price: RM4.62)
Below is a summary of analyst ratings and forecasts for Ta Ann Holdings Bhd as at 27 February 26.
Rating Target Price EPS
FY2026 (E) 		EPS
FY2027 (E) 		DPS
FY2026 (E) 		DPS
FY2027 (E) 		Remarks
As at 27/2/26
Affin Hwang Investment Bank Buy 4.95 0.425 0.492 0.35 0.40
Maybank Investment Bank Buy 4.84 0.461 0.464 0.346 0.348
RHB Investment Bank Neutral 4.32 0.47 0.45 0.40 0.40
Average 4.70 0.452 0.469 0.365 0.383
Subsequent Ratings
Public Investment Bank (25/3/26) Outperform 6.42 0.554 0.57 0.40 0.40
Public Investment Bank (17/4/26) Outperform 6.66 0.571 0.588 0.40 0.40
*(E) = Estimate/Forecast
Results Announcement Date: 25 November 25 (Closing Share Price: RM4.25)
Below is a summary of analyst ratings and forecasts for Ta Ann Holdings Bhd as at 26 November 25.
Rating Target Price EPS
FY2025 (E) 		EPS
FY2026 (E) 		DPS
FY2025 (E) 		DPS
FY2026 (E) 		Remarks
Affin Hwang Investment Bank Buy 4.75 0.444 0.470 0.35 0.35
Maybank Investment Bank Buy 4.84 0.468 0.461 0.351 0.346
Public Investment Bank Outperform 5.64 0.483 0.502 0.20 0.20
RHB Investment Bank Neutral 4.10 0.460 0.450 0.3 0.32
Average 4.83 0.464 0.471 0.300 0.304
*(E) = Estimate/Forecast
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