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 2024.

As of December 31, 2024, the Group reported a revenue of RM544.5 million, marking a slight growth from RM507.8 million on December 31, 2023. This rise is primarily attributed to an increase in the average selling prices of Fresh Fruit Bunches (FFB), Crude Palm Oil (CPO), and Palm Kernel (PK) by 15.4%, 10.9%, and 34.1%, respectively, reaching RM763, RM4,131, and RM2,496 per metric tonne. The 15.1% increase in FFB production volume, totaling 288,657 MT compared to 250,750 MT in the corresponding period of 2023 and the rise in selling prices contributed to the overall revenue growth.

The Group reported a gross profit of RM46.0 million, profit before tax of RM31.6 million, profit after tax of RM24.4 million, and EBITDA of RM107.3 million. This mainly due to the Group has undertaken aggressive cost control measures, innovative sustainable approaches in operations, and the strategic disposal of Jayamax and Selangor estates.