KUALA LUMPUR (Aug 28): Oil palm and timber outfit Jaya Tiasa Holdings Bhd (KL:JTIASA) incurred its first quarterly net loss in four years despite higher revenue, dragged mainly by fair value change in biological assets.

It posted a net loss of RM11.89 million for the fourth quarter ended June 30, 2025 (4QFY2025), in contrast to a net profit of RM3.92 million in 4QFY2024, its bourse filing on Thursday showed. Jaya Tiasa last booked a quarterly net loss in 3QFY2021.

Revenue for 4QFY2025 rose 17.1% to RM263.42 million from RM224.88 million, driven by higher palm product selling prices.

A RM32.62 million fair value loss in biological assets was also recognised in the quarter under review, versus RM2.15 million a year ago. Earnings were also weighed by higher administrative expenses of RM13.05 million, compared with RM5.31 million previously.

Nevertheless, the group declared a second interim dividend of 3.5 sen per share.

For the financial year ended June 30, 2025 (FY2025), Jaya Tiasa’s net profit rose 36.5% to RM175.89 million from RM128.87 million in FY2024, as revenue increased 14.9% to RM1.17 billion from RM1.02 billion.

Looking ahead, Jaya Tiasa said it expects average crude palm oil (CPO) prices to remain supported by stable demand from key importing countries.

“Furthermore, Indonesia’s new B50 biodiesel mandate is expected to tighten global supply, lending further support to CPO prices. However, elevated high stock levels and heightened competition from other edible oils could limit significant price appreciation,” it added.

Shares in Jaya Tiasa ended one sen or 0.8% lower at RM1.24 on Thursday, valuing the group at RM1.21 billion.