SIBU, 26 February 2026 — Sarawak-based diversified group W T K Holdings Berhad swung back to profitability in the financial year ended 31 December 2025 (FY2025), reporting a net profit after tax and non-controlling interests (PATNCI) of RM38.6 million, following six consecutive years of losses.
The turnaround compares with a loss after tax and non-controlling interests (LATNCI) of RM43.2 million in FY2024, driven by the Group’s business restructuring efforts, including its exit from timber operations, alongside stronger contributions from its plantation and food segments.
FY2025 revenue stood at RM557.1 million, down from RM671.9 million a year earlier, reflecting reduced contribution from the timber segment following the strategic divestment.
The plantation division emerged as the largest revenue contributor, generating RM339.4 million, or 58.8% of total revenue, representing a 14.9% year-on-year increase. The food division, engaged in the distribution of frozen, chilled and consumer products, contributed RM135.5 million, accounting for 23.5% of Group revenue, and recorded a 30.7% year-on-year growth.
The timber segment generated RM50.8 million, or 8.8% of total revenue, reflecting a sharp 75.1% year-on-year reduction. The tapes and other segments accounted for 8.1% and 0.8% of total revenue respectively.
In the fourth quarter (4QFY25), WTK posted PATNCI of RM15.2 million, compared with a LATNCI of RM51.4 million in 4QFY24. The improvement was mainly attributed to stronger plantation profits supported by higher fresh fruit bunches (FFB) production, a narrowing loss in the timber segment following the cessation of plywood manufacturing and scaled-down logging activities, as well as a gain on disposal of assets from the restructuring exercise.
Quarterly revenue came in at RM151.6 million, compared with RM171.0 million a year earlier, due to lower revenue contributions from the tapes and timber segments.
Managing Director and Chief Executive Director Patrick Wong Haw Yeong said the restructuring initiatives are delivering tangible results.
“We are pleased that our business realignment initiatives are delivering tangible results. Following the divestment of our loss-making timber operations, WTK is now better positioned to concentrate resources on commercially sustainable and profitable segments. Moving forward, we remain focused on expanding our plantation division as the core growth driver, which offers clearer earnings visibility and strong long-term fundamentals,” he said.
The Group had in September 2025 proposed the acquisition of a 100% stake in Desacorp Sdn Bhd, a 70% stake in Imbok Enterprise Sdn Bhd, and a 70% stake in WTK Oil Mill Sdn Bhd. Shareholders unanimously approved the proposed acquisitions at an extraordinary general meeting in January 2026.
The target companies recorded an aggregate audited profit after tax of RM44.0 million for the financial year ended 30 September 2024, of which RM36.9 million is attributable to the equity interest to be acquired by WTK.
Upon completion, the acquisitions will expand WTK’s planted area from 17,420.6 hectares to 31,809.9 hectares, enhancing its position in the plantation sector. The combined estates benefit from a favourable age profile, with 45.9% of palms in prime mature and mature age, and 49% in immature and young mature age. The proposed acquisitions are expected to be earnings accretive and will be consolidated into WTK’s financial statements in the second quarter of 2026.
The operating environment for oil palm players remains supportive, with crude palm oil (CPO) prices expected to stay firm into 2026, underpinned by modest Malaysian output declines, steady global demand, resilient crude oil prices and Indonesia’s planned B50 biodiesel mandate.
WTK said it will also continue expanding its food segment by broadening its product range and increasing retail outlets across Sarawak, capitalising on rising demand for poultry and frozen consumer products.
