First Resources reported net profit of US$96.6 million for the first quarter of 2026, a 53.1% increase year-on-year. Sales revenue rose 70.4% to US$477.2 million over the same period [1, 2].
The higher sales were supported by a 20% increase in fresh fruit bunch harvest, which reached 1.05 million tonnes, and a 34.5% rise in crude palm oil production to nearly 320,000 tonnes in Q1 2026 [1]. The company also recorded a net inventory drawdown of 59,000 tonnes, along with increased purchases of third-party fresh fruit bunches and palm oil products, which contributed to the revenue growth [1, 2].
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 54.9% year-on-year to US$165.7 million, reflecting improved operational performance [2]. Equity attributable to owners increased 2.8% to US$1.58 billion [2].
First Resources released its Q1 earnings report before market open on May 15, 2026 [1, 2]. Share prices showed differing reports: one source stated shares closed May 15 at S$3.70, down 2.89%, while another reported a May 14 close of S$3.81, up 3.5%, likely reflecting the previous trading day [1, 2].
The company will next report its Q2 earnings later this year, with investors watching for continued growth in production and sales amid rising global demand for palm oil.
