15 Largest Palm Oil Companies from Malaysia

 

15 Largest Palm Oil Companies from Malaysia- Malaysia still become one of the world’s largest country producers of Palm Oil in 2024. According to the report of FAO Statistical Corporate Database (FAOSTAT) in 2026, the production of oil palm fruits in 2023 from Malaysia reached 94.9 million tons and palm oil reached 18.5 million tons. With this output, Malaysia still becomes the 2^nd world’s largest country producer of Oil Palm Fruits and palm oil in 2023. Proportionally, this output of fruits and palm oil was just behind Indonesia with total production reaching 220 million tons and 47 million tons, respectively.

In the palm oil industries, basically there are some largest companies in Malaysia which have enormous contributions to national palm oil industries. Here is the rank of 15 Largest Palm Oil Companies from Malaysia. All the data were obtained from the Annual Report of the company in 2024.

 

The Rank of 15 Largest Palm Oil Companies from Malaysia Based on Total Assets in 2024

 

Rank	Palm Oil Companies from Malaysia	Total Assets	Total Assets	Total Liabilities	Total Liabilities
		Ringgit Malaysia (MYR)	US Dollar (USD)	Ringgit Malaysia (MYR)	US Dollar (USD)
1	SD Guthrie Berhad	MYR 32 billion	USD 8.32 billion	MYR 10.8 billion	USD 2.81 billion
2	Kuala Lumpur Kepong Berhad	MYR 31.7 billion	USD 8.24 billion	MYR 16.2 billion	USD 4.21 billion
3	FGV Holdings Berhad	MYR 18.6 billion	USD 4.84 billion	MYR 10.9 billion	USD 2.83 billion
4	IOI Corporation Berhad	MYR 17.9 billion	USD 4.65 billion	MYR 5.9 billion	USD 1.53 billion
5	Genting Plantations Berhad	MYR 9.62 billion	USD 2.50 billion	MYR 4.29 billion	USD 1.11 billion
6	Sarawak Oil Palm Berhad	MYR 5.2 billion	USD 1.35 billion	MYR 0.62 billion	USD 0.16 billion
7	Johor Plantations Group Berhad	MYR 4.95 billion	USD 1.29 billion	MYR 2.13 billion	USD 0.55 billion
8	United Plantation Berhad	MYR 3.24 billion	USD 0.84 billion	MYR 0.426 billion	USD 0.11 billion
9	Keck Seng (Malaysia) Berhad	MYR 3.17 billion	USD 0.82 billion	MYR 0.307 billion	USD 0.079 billion
10	TSH Resources Berhad	MYR 2.74 billion	USD 0.71 billion	MYR 0.48 billion	USD 0.12 billion
11	Ta Ann Holdings Berhad	MYR 2.67 billion	USD 0.69 billion	MYR 0.636 billion	USD 0.17 billion
12	Hap Seng Plantations Holdings Berhad	MYR 2.59 billion	USD 0.67 billion	MYR 0.49 billion	USD 0.12 billion
13	Far East Holding Berhad	MYR 1.79 billion	USD 0.46 billion	MYR 0.27 billion	USD 0.07 billion
14	Kretam Holdings Berhad	MYR 1.28 billion	USD 0.33 billion	MYR 0.238 billion	USD 0.07 billion
15	Kim Loong Resources Berhad	MYR 1.25 billion	USD 0.325 billion	MYR 0.276 billion	USD 0.071 billion
16	BLD Plantation Berhad	MYR 1.25 billion	USD 0.325 billion	MYR 0.429 billion	USD 0.11 billion
Source: Annual Report, 2024
Currency Rate: 1 Malaysian Ringgit (MYR) = 0.26 US Dollar (USD)

  

The rank above was arranged based on total assets of the company in 2024. All the data were obtained from the Balance Sheet, Annual Report of Palm Oil Companies in 2024. In this table above, the variables of total assets and total liabilities are shown based on the balance sheet of 2024 annual report. Furthermore, we also show the rank of Malaysia's palm oil companies based on net income. Here is the rank of the company based on net income in 2024. The Data revenue and net income were obtained from the Income Statement of Annual Report in 2024.

 

The Rank of 15 Largest Palm Oil Companies from Malaysia Based on Net Income in 2024

 

Rank	Palm Oil Companies from Malaysia	Total Revenue	Total Revenue	Net Income	Net Income
		Ringgit Malaysia (MYR)	US Dollar (USD)	Ringgit Malaysia (MYR)	US Dollar (USD)
1	SD Guthrie Berhad	MYR 19.8 billion	USD 5.14 billion	MYR 2.34 billion	USD 0.61 billion
2	IOI Corporation Berhad	MYR 9.6 billion	USD 2.5 billion	MYR 1.1 billion	USD 0.28 billion
3	Kuala Lumpur Kepong Berhad	MYR  25 billion	USD 6.5 billion	MYR 0.97 billion	USD 0.25 billion
4	United Plantation Berhad	MYR 2.19 billion	USD 0.57 billion	MYR 0.83 billion	USD 0.21 billion
5	Sarawak Oil Palm Berhad	MYR 5.31 billion	USD 1.38 billion	MYR 0.465 billion	USD 0.12 billion
6	Genting Plantations Berhad	MYR 2.93 billion	USD 0.76 billion	MYR 0.33 billion	USD 0.085 billion
7	FGV Holdings Berhad	MYR 22.1 billion	USD 5.75 billion	MYR 0.27 billion	USD 0.07 billion
8	Hap Seng Plantations Holdings Berhad	MYR 0.752 billion	USD 0.19 billion	MYR 0.267 billion	USD 0.069 billion
9	Johor Plantations Group Berhad	MYR 1.52 billion	USD 0.39 billion	MYR 0.25 billion	USD 0.065 billion
10	Ta Ann Holdings Berhad	MYR 1.64 billion	USD 0.426 billion	MYR 0.231 billion	USD 0.06 billion
11	Kim Loong Resources Berhad	MYR 1.52 billion	USD 0.39 billion	MYR 0.177 billion	USD 0.046 billion
12	Far East Holdings Berhad	MYR 0.86 billion	USD 0.22 billion	MYR 0.20 billion	USD 0.052 billion
13	Kretam Holdings Berhad	MYR 0.73 billion	USD 0.189 billion	MYR 0.17 billion	USD 0.044 billion
14	TSH Resources Berhad	MYR 1.01 billion	USD 0.26 billion	MYR 0.158 billion	USD 0.04 billion
15	Keck Seng (Malaysia) Berhad	MYR 1.59 billion	USD 0.41 billion	MYR 0.143 billion	USD 0.03 billion
16	BLD Plantation Berhad	MYR 1.75 billion	USD 0.45 billion	MYR 0.064 billion	USD 0.016 billion
Source: Annual Report, 2024
Currency Rate: 1 Malaysian Ringgit (MYR) = 0.26 US Dollar (USD)

In other aspects, there are some variables outside the financial indicators. The operational aspects of the Malaysian companies also can be analyzed deeply. In the operational aspects, we also get some operational database related to the Total Landbank and total planted land of oil palm. Principally, total Landbank basically in the total land/ areas owned or managed by the companies for business goals and this can be used as factory building, plantation/ estate, or others. Meanwhile, Total Planted Land of Oil Palm is total land/ area which is planted or cultivated only for Oil Palm plants (Elaeis guineensis Jacq.). Here is the statistical description about the total landbank and total planted land of oil palm. All the data were obtained from Annual Report of 2024.

 

The Total Landbank and Total Planted Land of Oil Palm from Some Malaysian Palm Oil Companies in 2024

 

Name of Palm Oil Companies	Total Landbank	Total Planted Land of Oil Palm
	Hectares (Ha)	Hectares (Ha)
SD Guthrie Berhad	729,711	578,114
Kuala Lumpur Kepong Berhad	355,828	301,090
FGV Holdings Berhad	413,951	324,563
IOI Corporation Berhad	205,702	167,883
Genting Plantations Berhad	243,217	159,583
Sarawak Oil Palm Berhad	123,016	83,916
Johor Plantations Group Berhad	59,783	55,772
United Plantation Berhad	62,458	46,217
Keck Seng (Malaysia) Berhad
TSH Resources Berhad		39,000
Ta Ann Holdings Berhad	72,499	48,588
Hap Seng Plantations Holdings Berhad	39,103	35,002
Far East Holding Berhad		18,808
Kretam Holdings Berhad	24,761	16,923
Kim Loong Resources Berhad	16,998	16,324
BLD Plantation Berhad		39,600
Note- The Empty Values shown data is not available in Annual Report of 2024
Source: Annual Report, 2024

 

 

In terms of business aspects, we also analyze some operational performance related to production of palm oil and the harvested fruits of oil palm in 2024. Specifically, we analyze the about the primary agronomic condition of the oil palm companies in Malaysia, namely Fresh Fruit Bunches (FFB) and Crude Palm Oil (CPO). Commonly, Fresh Fruit Bunches (FFB) basically is the harvested fruit clusters of oil palm trees (Elaeis guineensis), usually weighing 10–25 kg, which constitute the primary raw material for producing crude palm oil (CPO) and palm kernel oil (PKO). Meanwhile, Crude Palm Oil (CPO) is a raw, unrefined vegetable oil extracted from the mesocarp (flesh) of the oil palm fruit (Elaeis guineensis) or Fresh Fruit Bunches (FFB). Here is the statistical description of Fresh Fruit Bunches (FFB) and Crude Palm Oil (CPO) of some Malaysian Oil Palm Companies in 2024. All the data were obtained from Annual Report of 2024.

The Production of Fresh Fruit Bunches (FFB) and Crude Palm Oil (CPO) of Some Malaysian Palm Oil Companies in 2024

 

Name of Malaysian Palm Oil Companies	Production	Production
	Fresh Fruit Bunches (FFB)	Crude Palm Oil (CPO)
	Metric Tons	Metric Tons
SD Guthrie Berhad	8,206,774	2,158,284
Kuala Lumpur Kepong Berhad	6,457,347	1,362,787
FGV Holdings Berhad	3,970,000	2,920,000
IOI Corporation Berhad	2,839,583	616,307
Genting Plantations Berhad	2,068,266	559,831
Sarawak Oil Palm Berhad	2,033,452	391,733
Johor Plantations Group Berhad	1,130,253	298,163
United Plantation Berhad		286,139
Ta Ann Holdings Berhad	666,005	273,261
TSH Resources Berhad	795,002	199,142
Hap Seng Plantations Holdings Berhad	649,070
Keck Seng (Malaysia) Berhad	268,844	150,041
Far East Holding Berhad	382,156	73,005
Kretam Holdings Berhad	318,204	66,603
Kim Loong Resources Berhad	310,212	314,738
BLD Plantation Berhad		121,300
Note- The Empty Values shown data is not available in Annual Report of 2024
Source: Annual Report, 2024

 

Brief Description of The Rank of 10 Largest Palm Oil Companies from Malaysia 

 

1. SD Guthrie Berhad 

 

SD Guthrie Berhad still became the largest palm oil company from Malaysia based on planted area and net income in 2024. Operationally, this company is headquartered in Petaling Jaya, Malaysia. Until 2024, the total oil palm land area of Sime Darby reached 568 thousand hectares. Of the total land area, there are 295 thousand hectares of oil palm in Malaysia, 182 thousand hectares in Indonesia and the rest in other countries. Furthermore, SD Guthrie Berhad also has processed plants and facilities of 68 palm oil mills, 11 kernel crushing plants, and 5 R&D centers. 

Financially, in 2024, based on data from its annual report, SD Guthrie Berhad has total assets of around MYR 32 billion or equivalent to USD 8.32 billion with total liabilities of around MYR 10.8 billion or equivalent to USD 2.81 billion. In terms of business performance in 2024, SD Guthrie Berhad successfully gained total revenue of around MYR 19.8 billion or equivalent to USD 5.14 billion with net income of around MYR 2.34 billion or equivalent to USD 0.61 billion.

2.    IOI Corporation Berhad

Industrial Oxygen Incorporated Sdn Bhd or commonly known as IOI berhad is one of the palm oil leader companies from Malaysia. Based on its history, the company was founded by Lee Shin Chen in 1969 and is still headquartered in Putrajaya, Malaysia. Based on its area, this company has an oil palm plantation area of 176 thousand hectares. Financially, based on data from the company's Annual Report in 2024, IOI Corporation Berhad managed to have total assets of around MYR 17.9 billion or equivalent to USD 4.65 billion with total liabilities of around MYR 5.9 billion or equivalent to USD 1.53 billion. In terms of business performance in 2024, IOI Corporation berhad successfully gained total revenue of around MYR 9.6 billion or equivalent to USD 2.5 billion with net income of around MYR 1.1 billion or equivalent to USD 0.28 billion.

 

3.    Kuala Lumpur Kepong Berhad

Starting its business since 1906, Kuala Lumpur Kepong Berhad still becomes one of the major palm oil companies in Malaysia which has its headquarters in Perak, Malaysia. Operationally, the total oil palm plantation area of Kuala Lumpur Kepong Berhad reaches 301 thousand hectares spreading across Malaysia (Peninsular and Sabah) with total areas around 120 thousand hectares (Ha), Kalimantan, and Sumatra in Indonesia with total areal around 160 thousand hectares (ha), and Liberia around 6 thousand hectares (ha). Furthermore, in the palm oil industrial process, KLK has its own oleochemicals manufacturing operations spreading across Malaysia, Indonesia, China, and Europe. Specifically, total palm oil processing facilities consist of 34 palm oil mills, 7 refineries, and 6 Kernel Crushing Plants.

 

Financially, in 2024, according to its annual report, Kuala Lumpur Kepong Berhad (KLK) has total assets of around MYR 31.7 billion or equivalent to USD 8.24 billion with total liabilities of around MYR 16.2 billion or equivalent to USD 4.21 billion. In terms of business performance in 2024, Kuala Lumpur Kepong Berhad successfully gained total revenue of around MYR  25 billion or equivalent to USD 6.5 billion with net income of around MYR 0.97 billion or equivalent to USD 0.25 billion.

 

4.    Genting Plantation

 

Genting Plantation was established in 1977 and still has its headquarters in Kuala Lumpur, Malaysia. The founder of the company is Sri Lim Goh Tong. Until 2023, the total oil palm plantations of Genting Plantation reached 243,300 hectares. Most of the oil palm plantations are in Malaysia and Indonesia. As of 2024, the total landbank of oil palm managed by Genting Plantation reached 64,300 hectares in Malaysia and 178,900 hectares (including the Plasma schemes) in Indonesia. In terms of palm oil processing facilities, Genting Group operates 13 palm oil mills in Malaysia and Indonesia located in Peninsular Malaysia, Sabah, and Indonesia.

 

Financially, according to its annual report in 2024, Genting Plantation has total assets of around MYR 9.62 billion or equivalent to USD 2.50 billion with total liabilities of around MYR 4.29 billion or equivalent to USD 1.11 billion. Related to business performance in 2924, Genting Plantation successfully gained total revenue of around MYR 2.93 billion or equivalent to USD 0.76 billion with net income of around MYR 0.33 billion or equivalent to USD 0.085 billion.

 

5.    United Plantation Berhad.

United Plantation Berhad was begun with the initiative of Mr. Aage Westenholz, a Danish entrepreneur, in doing agribusiness since 1885. To date, United Plantation Berhad manages a total oil palm plantation area of 62,500 hectares (ha) and employs around 6,926 people. Compositionally, the oil palm plantation area is in Malaysia around 51,000 ha (83%) located in Perak, Selangor, and Indonesia 8,700 ha (17%), located in Central Kalimantan. In the year 2024, total Crude Palm Oil (CPO) produced by United Plantation was around 286,139 tons.

Financially, according to its annual report in 2024, United Plantation Berhad has total assets of around MYR 3.24 billion or equivalent to USD 0.84 billion with total liabilities of around MYR 0.426 billion or equivalent to USD 0.11 billion. In terms of business performance in 2024, United Plantation successfully gained total revenue of around MYR 2.19 billion or equivalent to USD 0.57 billion with net income of around MYR 0.83 billion or equivalent to USD 0.21 billion.

 

6.    FGV

FGV Holding Berhad is one of Malaysia's largest plantation companies which was established in 1997. Operationally, FGV has its head office in Kuala Lumpur, Malaysia. In the agribusiness aspects, of 413,951 hectares (Ha) Total Landbank, FGV has oil palm areas around 24,563 hectares (Ha) and rubber around 7,123 hectares (Ha). Furthermore, related to processing facilities, FGV also has 66 Milling facilities.

 

Financially, in 2024, Related to financial position, FGV Holding Berhad has total assets of around MYR 18.6 billion or equivalent to USD 4.84 billion with total liabilities of around MYR 10.9 billion or equivalent to USD 2.83 billion. In terms of business performance in 2024, The FGV Holding Berhad successfully gained revenue of MYR 22.1 billion or equivalent to USD 5.75 billion with Net Income of MYR 0.27 billion or equivalent with USD 0.07 billion.

 

 

 

7.    Johor Plantations Group Berhad     

 

Started its business plantation in 1947 with 190 hectares of rubber estates, Johor Plantations Group Berhad also became one of the largest palm oil companies in Malaysia which manages a total landbank around 59,783 ha with planted areas of oil palm reaching 50,167 ha. Related to oil palm, in the year 2024, total harvested Fresh Fruit Bunches (FFB) reached 1,130,253 tons. In terms of processing facilities, Johor Plantations Group Berhad has 5 Palm Oil Milling facilities.

 

Financially, according to its annual report in 2024, Johor Plantations Group Berhad has total assets of around MYR 4.95 billion or equivalent to USD 1.29 billion with total liabilities of around MYR 2.13 billion or equivalent to USD 0.55 billion. In terms of business performance in 2024, Johor Plantations Berhad successfully gained total revenue of around MYR 1.52 billion or equivalent to USD 0.39 billion with net income of around MYR 0.25 billion or equivalent to USD 0.065 billion.

   

8.    Sarawak Oil Palm Berhad

 

 

Historically, the incorporation of Sarawak Palm Berhad occurred in 1968. To date, Shin Yang Plantations Sdn. Bhd. (SY Group) together with Pelita Holdings Sdn. Bhd., an investment company of the Sarawak State Government, remains the two majority shareholders of Sarawak Oil Palm Berhad with shareholding percentage of approximately 35% and 28%, respectively. Overall, in 2024, Total Planted Area of Oil Palm reached 83,916 hectares (ha) (80,091 ha in mature condition and 2,218 ha in immature) with total production of crude palm oil reaching 391,733 tons. Operationally, in the year of 2024, the production of Fresh Fruit Bunches (FFB) from Sarawak Oil Palms Berhad reached 1,250,347 tons and Crude Palm Oil (CPO) was around 391,733 tons.

 

Financially, in 2024, Sarawak Oil Palm Berhad has total assets of around MYR 5.2 billion or equivalent to USD 1.35 billion with total liabilities of around MYR 0.62 billion or equivalent to USD 0.16 billion. In terms of business performance in 2024, Sarawak Oil Palm Berhad successfully gained total revenue of around MYR 5.31 billion or equivalent to USD 1.38 billion and net income of MYR 0.465 billion or equivalent to USD 0.12 billion.

 

9.    Kim Loong Resources Berhad

 

Kim Loong Resources Berhad is an Oil Palm Plantation and Milling company which is headquartered in Johor Bahru, Johor. As of business development, Kim Loong Resources Berhad managed of Total planted area of oil palm reaching 16,324 hectares (ha) with total production of Fresh fruit bunches achieved 329,597 tons. Specifically, of all total planted areas, approximately 75% are in mature palm conditions with palm's age above 6 years old, 20% are young mature conditions below 6 years old, and the remaining 5% are at an immature stage. Furthermore, the plantations are located across the states of Johor, Sabah, and Sarawak. Operationally, In the year of 2024, the production of Fresh Fruit Bunches (FFB) from Kim Loong Resources Berhad reached 310,212 tons and Crude Palm Oil (CPO) was around 314,738 tons.

 

Financially, in 2024, Kim Loong Resources Berhad has total assets of around MYR 1.25 billion or equivalent to USD 0.325 billion with total liabilities of around MYR 0.276 billion or equivalent to USD 0.071 billion. Related to business performance in 2024, Kim Loong Resources  Berhad successfully gained total revenue of MYR 1.52 billion or equivalent with USD 0.39 billion. Furthermore, Kim Loong Resources gained net income of USD 0.177 billion or equivalent to USD 0.046 billion.

 

 

10. Far East Holding Berhad

Far East Holdings Berhad (FEHB) was incorporated in Malaysia on 6th August 1973. To Date, the Far East Holding Berhad was owned by several institutions, namely Perbadanan Kemajuan Pertanian Negeri Pahang (PKPP) (25.18%), Prosper Trading Sdn. Berhad. (23.73%), Hikmat Elit Sdn. Bhd. (9.07%) and LKPP Corporation Sendirian Berhad (5.96%). As of 2024, The total planted area of Far East Holdings Berhad reached 18,808 hectares (Ha). Furthermore, In the year of 2024, the production of Fresh Fruit Bunches (FFB) from Far East Holdings Berhad reached 382,156 tons and Crude Palm Oil (CPO) was around 73,005 tons.

 

Financially, in 2024, Far East Holding Berhad has total assets of around MYR 1.79 billion or equivalent to USD 0.46 billion with total liabilities of around MYR 0.27 billion or equivalent to USD 0.07 billion. Related to business performance, Far East Holding Berhad successfully gained total revenue of MYR 0.86 billion or equivalent to USD 0.22 billion. Furthermore, the net income of Far East Holding Berhad reached MYR 0.20 billion or equivalent to USD 0.02 billion.

 

 

11. TSH Resources Berhad

 

Incorporated on 7 August 1979 focusing on the cocoa industry, TSH Resources Berhad has diversified its business into the oil palm industry in Sabah in the 1990s. As of now, the core business of TSH Resources Berhad is essentially oil palm cultivation and processing of Fresh Fruit Bunches (“FFB”) into Crude Palm Oil (“CPO”) and Palm Kernel (“PK”). As of 31 December 2024, TSH Resources Berhad has planted approximately 39,000 hectares (“Ha”) of oil palms, comprising approximately 3,000 Ha in Sabah and 36,000 Ha in Indonesia. In terms of processing facilities, TSH Resources Berhad operates five (5) palm oil mills, one (1) in Sabah, and two (2) each in Kalimantan and Sumatera, Indonesia. In terms of operational performance in 2024, The TSH Resources Berhad’s FFB production reached 795,002 MT and CPO's production around 199,142 tons.

 

Financially, in 2024, TSH Resources Berhad has total assets of around MYR 2.74 billion or equivalent to USD 0.71 billion with total liabilities of around MYR 0.48 billion or equivalent to USD 0.12 billion. In terms of business performance in 2024, TSH Resources Berhad successfully gained total revenue of around MYR 1.01 billion or equivalent to USD 0.26 billion with net income of around MYR 0.158 billion or equivalent to USD 0.04 billion.

 

 

12. Ta Ann Holdings Berhad      

 

Historically, the business journey of Ta Ann Holdings Berhad was initiated by a group of entrepreneurs, comprising Dato Sri Wahab bin Haji Dolah, Datuk Amar Abdul Hamed bin Haji Sepawi, Dato Wong Kuo Hea, and the late Dato Sri Ding Jack Sung. As of 31 December 2024, the Ta Ann Holdings Berhad has 13 oil palm estates covering over 72,499 hectares and operates 3 CPO mills. In terms of operational performance, the FFB's production of Ta Ann Holdings Berhad in 2024 reached 666,005 tons with total CPO production around 273,261 tons.

 

In terms of financial aspects, Ta Ann Holdings Berhad has total assets of around MYR 2.67 billion or equivalent to USD 0.69 billion with total liabilities of around MYR 0.636 billion or equivalent to USD 0.17 billion. In terms of business performance in 2024, Ta Ann Holdings successfully gained total revenue of around MYR 1.64 billion or equivalent to USD 0.426 billion with net income of around MYR 0.231 billion or equivalent to USD 0.06 billion.

 

 

13. Hap Seng Plantations Holdings Berhad         

 

Hap Seng Plantations Holdings Sdn Bhd was incorporated in Malaysia as a private limited company on 18 April 2007. To date, Hap Seng Plantation has a total landbank of 39,103 hectares and planted area remained at 34,856 hectares as of 31 December 2024. Specifically, the estate managed by this group spread across the Jeroco Group of Estates (JGOE), Tomanggong Group of Estates (TMGOE), Sungai Segama Group of Estates (SSGOE), Ladang Kawa Estate, Pelipikan and Kota Marudu Estates. Furthermore, in terms of processing facilities, The Hap Seng Plantations operates four mills including Jeroco Palm Oil Mill 1, Jeroco Palm Oil Mill 2, Tomanggong Palm Oil Mill and Bukit Mas Palm Oil Mill. In terms of operational performance, Hap Seng Plantations produces Fresh Fruit Bunches around 649,070 tons and Crude Palm Oil around 146,595 tons.

 

Financially, in 2024, Hap Seng Plantations Berhad has total assets of around MYR 2.59 billion or equivalent to USD 0.67 billion with total liabilities of around MYR 0.49 billion or equivalent to USD 0.12 billion. In terms of business of business performance in 2024, Hap Seng Plantations successfully gained total revenue of around MYR 0.752 billion or equivalent to USD 0.19 billion with net income of around MYR 0.267 billion or equivalent to USD 0.069 billion.

 

 

14. Kretam Holdings Berhad     

 

 

Incorporated on February 4th, 1988, Kretam Holding group has 24,761 hectares of plantation land spreading across main regions including Sandakan region, Lahad Datu region, and Tawau region. In the downstream operations relating to oil palm, currently, Kretam Holding has 3 fully operational palm oil mills with a total processing capacity of 135 metric tons per hour, a refinery with a processing capacity of 1,500 metric tons of crude palm oil (CPO) per day and a biodiesel plant producing 300 metric tons of PME per day.

 

Financially, according to its annual report in 2024, Kretam Holding has total assets of around MYR 1.28 billion or equivalent to USD 0.33 billion and total liabilities of around MYR 0.238 billion or equivalent to USD 0.07 billion. Related to business performance in 2024, Kretam Holdings Berhad successfully had total revenue of around MYR 0.73 billion or equivalent to USD 0.189 billion with net income of around MYR 0.17 billion or equivalent to USD 0.044 billion.

 

 

15. BLD Plantation Berhad         

 

The business structure of BLD Plantation Berhad is divided into 3 main divisions (plantation, milling, refinery and crushing) and other supporting activities. In the plantation, BLD Plantation Berhad has a total landbank of approximately 51,000 hectares (Ha) in the State of Sarawak, of which about 60% are oil palm planted areas. Furthermore, BLD Plantation Berhad has two mills namely Sawai Palm Oil Mill (located at Sawai Land District, Miri) and Igan Palm Oil Mill (located at Kabang Land District, Sibu) whose processing capacity of each mill is 60 metric tons of FFB per hour.

 

BLD Plantation Berhad has total assets of around MYR 1.25 billion or equivalent to USD 0.325 billion with total liabilities of around MYR 0.429 billion or equivalent to USD 0.11 billion. In terms of business performance in 2024, BLD Plantation successfully gained total revenue of around MYR 1.75 billion or equivalent to USD 0.45 billion with net income of around MYR 0.064 billion or equivalent to USD 0.016 billion.

 

 

16. Keck Seng (Malaysia) Berhad       

 

The Keck Seng Group was founded in 1943 and in the 1960s, this group started its palm oil business into oil palm plantations, palm oil milling, and kernel crushing. By 1979, it expanded further into palm oil refining. As of now, Keck Seng Group manages a total land area of 3,322 hectares, of which 3,187 hectares are dedicated to oil palm cultivation.

 

Financially, according to its annual report of 2024, Keck Seng (Malaysia) Berhad has total assets of around MYR 3.17 billion or equivalent to USD 0.82 billion with total liabilities of around MYR 0.307 billion or equivalent to USD 0.079 billion. In terms of business performance, Keck Seng (Malaysia) Berhad successfully gained total revenue of around MYR 1.59 billion or equivalent to USD 0.41 billion with net income of MYR 0.143 billion or equivalent to USD 0.03 billion.

 

 

The Rank of 10 Largest Palm Oil Companies from Malaysia Based on Total Assets in 2024

  

 

The Rank of 10 Largest Palm Oil Companies from Malaysia Based on Net Income in 2024

 

 

The Histogram Rank of 10 Largest Palm Oil Companies from Malaysia Based on Crude Palm Oil (CPO) Production in 2024

The Histogram Rank of 7 Largest Palm Oil Companies from Malaysia Based on Total Planted Land of Oil Palm in 2024

 

The Reference of The Rank of 10 Largest Palm Oil Companies from Malaysia 

 

SD Guthrie. 2026. Annual Report 2024. Accessed via https://www.sdguthrie.com/investor-relations/  on January 22nd, 2026.

 

Kuala Lumpur Kepong Berhad. 2026. Annual Report 2024. Accessed via https://www.klk.com.my/investor-media/financial-information/   on on January 22nd, 2026.

 

IOI Corporation Berhad. 2026. Annual Report 2024. Accessed via https://www.ioigroup.com/investor-relations/financial-results   on on January 22nd, 2026.

 

FGV. 2026. Annual Report 2024. Accessed via https://www.fgvholdings.com/investor-relations/annual-reports-presentations/   on January 22nd, 2026.

 

Genting Plantations Berhad. 2026. Annual Report 2024. Accessed via https://www.gentingplantations.com/investor-relations/annual_reports/   on January 22nd, 2026.

 

Sarawak Oil Palm Berhad. 2026. Annual Report 2024. Accessed via https://sop.com.my/investor-relations/#annual-reports   on January 22nd, 2026.

 

Boustead Plantation Berhad. 2026. Annual Report 2024. Accessed via https://bousteadplantations.com.my/ir/home.html  on January 22nd, 2026.

 

United Plantation Berhad. 2026. Annual Report 2024. Accessed via https://unitedplantations.com/investor-relations/   on January 22nd, 2026.

 

Far East Holding Berhad. 2026. Annual Report 2024. Accessed via https://fehb.com.my/financial-information/annual-reports/  on on January 22nd, 2026.

 

Kim Loong Resources Berhad. 2026. Annual Report 2024. Accessed via https://www.kimloong.com.my/usr/mobile/pagesubmb.aspx?pgid=17  on January 22nd, 2026.

 

Johor Plantations Group Berhad. 2026. Annual Report 2024. Accessed via https://johorplantations.com/investor-relations/  on March 20th, 2026.

Keck Seng (Malaysia) Berhad. 2026. Annual Report 2024. Accessed via https://my.keckseng.com/index.php/klse/annual-report on March 20th, 2026.

TSH Resources Berhad. 2026. Annual Report 2024. Accessed via https://www.tsh.com.my/investor-relations/reports/ on March 20th, 2026.

Ta Ann Holdings Berhad. 2026. Annual Report 2024. Accessed via https://www.taann.com.my/index.php/annual-reports/ on March 20th, 2026.

Hap Seng Plantations Holdings Berhad. 2026. Annual Report 2024. Accessed via https://www.hapsengplantations.com.my/annual-reports.html on March 20th, 2026.

Kretam Holdings Berhad. 2026. Annual Report 2024. Accessed via https://www.kretam.com/ on March 20th, 2026.

BLD Plantation Berhad. 2026. Annual Report 2024. Accessed via https://www.bldpb.com.my/investor-relations/annual-report/ on March 20th, 2026.

 

 

 

 

 

 

 

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