QUARTERLY RESULTS
| Quarter Ending 31-Dec | Jun-24 | Sep-24 | Dec-24 | Mar-25 | Jun-25 | Sep-25 | Dec-25 |
| Revenue | 366,734 | 467,630 | 463,132 | 407,018 | 432,610 | 502,153 | 590,101 |
| Cost of Sales | (289,535) | (336,627) | (350,738) | (305,936) | (329,837) | (363,074) | (432,796) |
| Gross Profit | 77,199 | 131,003 | 112,394 | 101,082 | 102,773 | 139,079 | 157,305 |
| Finance Income | 3,077 | 2,194 | 4,365 | 1,863 | 3,652 | 3,173 | 4,739 |
| Other Operating Income | 1,660 | 5,357 | 3,254 | 3,451 | 2,335 | 2,677 | 1,945 |
| Unrealised Forex Gain/(Loss) | 0 | 0 | (6,282) | 0 | 0 | 0 | (1,625) |
| Distribution Costs | (22,809) | (30,558) | (32,968) | (27,415) | (25,363) | (31,484) | (35,700) |
| Admin Expenses | (9,051) | (9,632) | (21,125) | (9,829) | (9,260) | (15,063) | (18,645) |
| Other Expenses | (2,958) | (3,575) | (4,129) | (2,722) | (2,944) | (2,643) | (6,149) |
| Profit from Operations | 47,118 | 94,789 | 55,509 | 66,430 | 71,193 | 95,739 | 101,870 |
| Finance Costs | (1,479) | (1,284) | (1,236) | (1,108) | (1,019) | (1,273) | (1,372) |
| Share of Associates | 8,608 | 11,579 | 7,631 | 7,601 | 9,630 | 11,364 | 10,011 |
| Profit Before Tax | 54,247 | 105,084 | 61,904 | 72,923 | 79,804 | 105,830 | 110,509 |
| Tax Expense | (13,793) | (23,570) | (18,632) | (20,311) | (21,574) | (25,687) | (32,594) |
| 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 | 450,878 | 458,721 | 435,018 | 408,174 | 443,369 | 492,566 | 534,767 |
| Borrowings (Current) | (130,303) | (123,580) | (116,777) | (80,135) | (105,725) | (119,708) | (127,457) |
| Borrowings (Non-Current) | (14,629) | (16,141) | (14,007) | (15,085) | (15,461) | (16,818) | (12,645) |
| Net Cash | 305,946 | 319,000 | 304,234 | 312,954 | 322,183 | 356,040 | 394,665 |
| Cash Flow | |||||||
| Operating CF | 64,065 | 84,072 | 100,335 | 19,837 | 94,201 | 87,722 | 123,384 |
| Dividends from Associates | 0 | 11,557 | 12,308 | 0 | 0 | 4,103 | 19,762 |
| Interest Received | 3,077 | 2,194 | 4,364 | 1,863 | 3,652 | 3,173 | 4,739 |
| Purchase of PPE | (6,871) | (6,527) | (4,769) | (3,898) | (7,828) | (4,542) | (6,085) |
| Sale of PPE | 190 | 477 | (299) | 20 | 75 | 410 | (412) |
| Biological Assets | (1,171) | (1,152) | (2,796) | (648) | (1,095) | (1,036) | (1,849) |
| Bearer Plants | (6,698) | (6,148) | (8,851) | (4,610) | (7,455) | (7,391) | (9,075) |
| Free Cash Flow | 52,592 | 84,473 | 100,292 | 12,564 | 81,550 | 82,439 | 128,994 |
| Dividends to NCI | (23,298) | 0 | (24,600) | 0 | (24,500) | 0 | (31,000) |
| Free Cash Flow to Owners | 29,294 | 84,473 | 75,692 | 12,564 | 57,050 | 82,439 | 97,994 |
| Dividends to Owners | 0 | (66,070) | (88,092) | 0 | (44,046) | (44,046) | (44,047) |
| Residual Cash Flow | 29,294 | 18,403 | (12,400) | 12,564 | 13,004 | 38,393 | 53,947 |
QUARTERLY PRODUCTION
Fresh Fruit Bunches (FFB)
FFB Production
Dec Qtr (Q4)
2025: 220,199 MT
2024: 173,285 MT
2023: 195,769 MT
Sep Qtr (Q3)
2025: 182,177 MT
2024: 216,492 MT
2023: 210,829 MT
Jun Qtr (Q2)
2025: 147,362 MT
2024: 150,263 MT
2023: 143,072 MT
Mar Qtr (Q1)
2025: 136,801 MT
2024: 127,174 MT
2023: 127,352 MT
2025: 220,199 MT
2024: 173,285 MT
2023: 195,769 MT
Sep Qtr (Q3)
2025: 182,177 MT
2024: 216,492 MT
2023: 210,829 MT
Jun Qtr (Q2)
2025: 147,362 MT
2024: 150,263 MT
2023: 143,072 MT
Mar Qtr (Q1)
2025: 136,801 MT
2024: 127,174 MT
2023: 127,352 MT
Crude Palm Oil (CPO)
CPO Production
Dec Qtr (Q4)
2025: 98,644 MT
2024: 71,724 MT
2023: 83,740 MT
Sep Qtr (Q3)
2025: 79,368 MT
2024: 82,281 MT
2023: 87,757 MT
Jun Qtr (Q2)
2025: 70,924 MT
2024: 62,473 MT
2023: 68,227 MT
Mar Qtr (Q1)
2025: 61,050 MT
2024: 56,783 MT
2023: 56,320 MT
2025: 98,644 MT
2024: 71,724 MT
2023: 83,740 MT
Sep Qtr (Q3)
2025: 79,368 MT
2024: 82,281 MT
2023: 87,757 MT
Jun Qtr (Q2)
2025: 70,924 MT
2024: 62,473 MT
2023: 68,227 MT
Mar Qtr (Q1)
2025: 61,050 MT
2024: 56,783 MT
2023: 56,320 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.
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 | |
| 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 | 0.40 | 0.45 | 0.40 | |
| Average | 4.70 | 0.452 | 0.452 | 0.382 | 0.383 | ||
| *(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.
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 | |||||||