Cash flow United Plantations

Equities

2089

MYL2089OO000

Food Processing

Delayed BURSA MALAYSIA Other stock markets 05:35:08 13/02/26 pm AEDT			5-day change	1st Jan Change
30.00 ^MYR	+1.28%		+3.52%	-0.13%

10/01	United Plantations Berhad Reports Production Results for the Month and Year to Date Ended December 2025	CI
09/01	United Plantations logs December coconuts production 7.6 mln units	RE

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Published financial data: UNITED PLANTATIONS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.34B	2.03B	2.51B	2.01B	2.2B
Other Revenues, Total	31.4M	22.12M	16.28M	91.93M	52.1M
Total Revenues	1.37B	2.06B	2.53B	2.11B	2.25B
Cost of Goods Sold, Total	460M	847M	909M	581M	743M
Gross Profit	912M	1.21B	1.62B	1.53B	1.51B
Selling General & Admin Expenses, Total	194M	202M	228M	243M	245M
Depreciation & Amortization - (IS)	95.46M	100M	103M	107M	110M
Other Operating Expenses	144M	230M	467M	278M	260M
Other Operating Expenses, Total	433M	533M	798M	628M	614M
Operating Income	479M	676M	824M	897M	893M
Interest Expense, Total	-26K	-26K	-2.31M	-747K	-847K
Interest And Investment Income	16.12M	6.81M	11.6M	26.54M	23.94M
Net Interest Expenses	16.09M	6.79M	9.28M	25.79M	23.1M
Income (Loss) On Equity Invest.	11.01M	325K	13.3M	10.5M	22.73M
EBT, Excl. Unusual Items	506M	683M	846M	933M	939M
EBT, Incl. Unusual Items	506M	683M	846M	933M	939M
Income Tax Expense	104M	161M	241M	222M	219M
Earnings From Continuing Operations	402M	522M	606M	711M	719M
Net Income to Company	402M	522M	606M	711M	719M
Minority Interest	-2.03M	-3.91M	-3.88M	-3.25M	-4.33M
Net Income - (IS)	400M	518M	602M	708M	715M
Net Income to Common Incl Extra Items	400M	518M	602M	708M	715M
Net Income to Common Excl. Extra Items	400M	518M	602M	708M	715M
Per Share Items
Net EPS - Basic	0.64	0.83	0.97	1.14	1.15
Basic EPS - Continuing Operations	0.64	0.83	0.97	1.14	1.15
Basic Weighted Average Shares Outstanding	622M	622M	622M	622M	622M
Net EPS - Diluted	0.64	0.83	0.97	1.14	1.15
Diluted EPS - Continuing Operations	0.64	0.83	0.97	1.14	1.15
Diluted Weighted Average Shares Outstanding	622M	622M	622M	622M	622M
Normalized Basic EPS	0.5	0.68	0.84	0.93	0.94
Normalized Diluted EPS	0.5	0.68	0.84	0.93	0.94
Dividend Per Share	0.2	0.63	0.73	0.73	0.74
Payout Ratio	25.95	24.01	72.38	87.91	75.41
Supplemental Items
EBITDA	566M	769M	921M	998M	997M
EBITA	479M	676M	824M	897M	893M
EBIT	479M	676M	824M	897M	893M
EBITDAR	568M	771M	923M	1B	1B
Total Revenues (As Reported)	1.37B	2.06B	2.53B	2.11B	2.25B
Effective Tax Rate - (Ratio)	20.58	23.58	28.46	23.83	23.38
Total Current Taxes	103M	152M	242M	215M	212M
Total Deferred Taxes	1.33M	8.88M	-1.05M	7.62M	7.92M
Normalized Net Income	314M	423M	525M	580M	582M
Interest on Long-Term Debt	-	-	677K	718K	761K
Non-Cash Pension Expense	2.94M	3.01M	2.39M	2.5M	1.9M
Supplemental Operating Expense Items
Net Rental Expense, Total	2.04M	2.59M	2.3M	2.86M	3.12M
Imputed Operating Lease Interest Expense	4.25M	10.66M	6.96M	1.37M	1.61M
Imputed Operating Lease Depreciation	-2.21M	-8.07M	-4.66M	1.49M	1.5M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	129M	300M	537M	580M	485M
Short Term Investments	336M	180M	243M	61.87M	59.01M
Total Cash And Short Term Investments	465M	479M	780M	642M	544M
Accounts Receivable, Total	187M	241M	147M	192M	232M
Other Receivables	66.64M	50.68M	12.75M	29.76M	50.69M
Total Receivables	253M	292M	160M	222M	283M
Inventory	134M	139M	220M	246M	228M
Prepaid Expenses	175K	7.42M	6.52M	5.42M	11.03M
Other Current Assets, Total	119M	225M	80.26M	71.17M	67.55M
Total Current Assets	972M	1.14B	1.25B	1.19B	1.13B
Gross Property Plant And Equipment	2.94B	3.04B	3.17B	3.28B	3.38B
Accumulated Depreciation	-1.34B	-1.44B	-1.52B	-1.63B	-1.72B
Net Property Plant And Equipment	1.59B	1.61B	1.65B	1.65B	1.66B
Long-term Investments	39.93M	40.25M	53.55M	64.05M	87.28M
Goodwill	357M	357M	357M	357M	357M
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	3.83M	2.7M	2.13M	2.2M	-
Other Long-Term Assets, Total	10.08M	5.2M	12.03M	413K	1.02M
Total Assets	2.97B	3.15B	3.32B	3.26B	3.24B
Liabilities
Accounts Payable, Total	16.28M	24.22M	25.57M	19.17M	30.2M
Accrued Expenses, Total	47.39M	50.84M	59.98M	63.24M	64.74M
Short-term Borrowings	100K	1K	248K	21K	-
Current Portion of Leases	-	-	-	-	3K
Current Income Taxes Payable	26.69M	48.48M	52.67M	48.04M	36.63M
Other Current Liabilities	86.66M	171M	70.65M	56.32M	90.63M
Total Current Liabilities	177M	294M	209M	187M	222M
Long-Term Leases	-	-	11.97M	12.69M	13.44M
Pension & Other Post Retirement Benefits	17.08M	13.91M	12.8M	14.1M	14.08M
Deferred Tax Liability Non Current	150M	137M	180M	183M	176M
Other Non Current Liabilities	56K	22.9M	-	-	-
Total Liabilities	344M	468M	414M	396M	426M
Common Stock, Total	390M	390M	390M	390M	390M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	2.29B	2.41B	2.49B	2.45B	2.46B
Treasury Stock	-18.67M	-18.67M	-18.67M	-18.67M	-18.67M
Comprehensive Income and Other	-39.85M	-104M	27.13M	27.83M	-32.94M
Total Common Equity	2.62B	2.67B	2.89B	2.85B	2.8B
Minority Interest	10.93M	10.67M	14.03M	16.98M	17.45M
Total Equity	2.63B	2.69B	2.9B	2.87B	2.82B
Total Liabilities And Equity	2.97B	3.15B	3.32B	3.26B	3.24B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	622M	622M	622M	622M	622M
ECS Total Common Shares Outstanding	622M	622M	622M	622M	622M
Book Value / Share	4.21	4.3	4.65	4.58	4.5
Tangible Book Value	2.26B	2.32B	2.53B	2.49B	2.44B
Tangible Book Value Per Share	3.64	3.73	4.07	4.01	3.93
Total Debt	100K	1K	12.22M	12.71M	13.45M
Net Debt	-465M	-479M	-768M	-629M	-530M
Debt Equivalent of Unfunded Proj. Benefit Obligation	19.28M	16.25M	15.48M	16.72M	17.03M
Debt Equivalent Oper. Leases	16.34M	20.7M	18.38M	22.89M	24.94M
Minority Interest, Total (Incl. Fin. Div)	10.93M	10.67M	14.03M	16.98M	17.45M
Equity Method Investments, Total	39.93M	40.25M	53.55M	64.05M	87.28M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	17.25M	22.27M	42.15M	33.09M	47.92M
Inventories - Finished Goods, Total	91.38M	80.72M	128M	168M	143M
Inventories - Others	25.82M	36.28M	49.47M	45.13M	37.62M
Land - (BS)	204M	204M	204M	204M	204M
Buildings, Total	357M	368M	389M	411M	420M
Machinery, Total	895M	919M	1.02B	1.07B	1.11B
Full Time Employees	6.1K	5.74K	6.38K	6.62K	6.52K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	400M	518M	602M	708M	715M
Depreciation & Amortization - CF	95.46M	100M	103M	107M	110M
Depreciation & Amortization, Total	95.46M	100M	103M	107M	110M
Other Operating Activities, Total	-109M	-88.33M	220M	-124M	-136M
Cash from Operations	386M	530M	924M	691M	689M
Capital Expenditure	-111M	-93.91M	-133M	-107M	-125M
Sale of Property, Plant, and Equipment	1.07M	1.09M	874K	1.37M	1.57M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	1.5M	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	31.51M	158M	-64.11M	189M	50.94M
Other Investing Activities, Total	10.27M	-13.68M	5.38M	29.8M	-39.26M
Cash from Investing	-68.31M	53.12M	-190M	113M	-112M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-104M	-124M	-436M	-622M	-539M
Common & Preferred Stock Dividends Paid	-104M	-124M	-436M	-622M	-539M
Special Dividend Paid	-197M	-270M	-82.96M	-124M	-166M
Other Financing Activities, Total	14.27M	-18.43M	21.89M	-15.98M	-7.16M
Cash from Financing	-286M	-412M	-497M	-763M	-712M
Foreign Exchange Rate Adjustments	-	-	-	7.64M	-15.17M
Net Change in Cash	31.18M	171M	237M	48.71M	-151M
Supplemental Items
Cash Interest Paid	26K	26K	1.64M	29K	86K
Cash Income Tax Paid (Refund)	92.24M	134M	216M	239M	241M
Levered Free Cash Flow	241M	390M	595M	461M	531M
Unlevered Free Cash Flow	241M	390M	597M	461M	532M
Change In Net Working Capital	42.71M	39.2M	-112M	99.88M	10.49M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	10.26	13.8	15.91	17.04	17.16
Return on Total Capital	11.54	15.9	18.38	19.35	19.55
Return On Equity %	15.49	19.65	21.66	24.64	25.31
Return on Common Equity	15.47	19.58	21.62	24.66	25.31
Margin Analysis
Gross Profit Margin %	66.49	58.81	64.08	72.43	66.99
SG&A Margin	14.16	9.84	9	11.56	10.89
EBITDA Margin %	41.27	37.4	36.37	47.39	44.3
EBITA Margin %	34.89	32.9	32.55	42.6	39.69
EBIT Margin %	34.89	32.9	32.55	42.6	39.69
Income From Continuing Operations Margin %	29.28	25.41	23.92	33.76	31.98
Net Income Margin %	29.13	25.22	23.77	33.6	31.78
Net Avail. For Common Margin %	29.13	25.22	23.77	33.6	31.78
Normalized Net Income Margin	22.89	20.59	20.75	27.55	25.89
Levered Free Cash Flow Margin	17.55	18.97	23.52	21.86	23.62
Unlevered Free Cash Flow Margin	17.55	18.98	23.58	21.89	23.64
Asset Turnover
Asset Turnover	0.47	0.67	0.78	0.64	0.69
Fixed Assets Turnover	0.86	1.29	1.56	1.28	1.36
Receivables Turnover (Average Receivables)	7.77	9.51	12.95	11.87	10.36
Inventory Turnover (Average Inventory)	3.56	6.19	5.07	2.49	3.13
Short Term Liquidity
Current Ratio	5.49	3.88	5.96	6.35	5.1
Quick Ratio	4.06	2.62	4.5	4.62	3.72
Operating Cash Flow to Current Liabilities	2.18	1.8	4.42	3.7	3.1
Days Sales Outstanding (Average Receivables)	47.09	38.39	28.18	30.75	35.33
Days Outstanding Inventory (Average Inventory)	102.78	59	72.02	146.32	116.91
Average Days Payable Outstanding	12.96	8.68	9.18	13.45	12.46
Cash Conversion Cycle (Average Days)	136.91	88.71	91.02	163.62	139.78
Long Term Solvency
Total Debt/Equity	0	0	0.42	0.44	0.48
Total Debt / Total Capital	0	0	0.42	0.44	0.48
LT Debt/Equity	-	-	0.41	0.44	0.48
Long-Term Debt / Total Capital	-	-	0.41	0.44	0.47
Total Liabilities / Total Assets	11.56	14.83	12.48	12.14	13.14
EBIT / Interest Expense	18.41K	26.01K	356.36	1.2K	1.05K
EBITDA / Interest Expense	22.08K	29.88K	400.79	1.34K	1.18K
(EBITDA - Capex) / Interest Expense	17.8K	26.26K	343.46	1.2K	1.04K
Total Debt / EBITDA	0	0	0.01	0.01	0.01
Net Debt / EBITDA	-0.81	-0.62	-0.83	-0.63	-0.53
Total Debt / (EBITDA - Capex)	0	0	0.02	0.01	0.02
Net Debt / (EBITDA - Capex)	-1	-0.7	-0.97	-0.7	-0.6
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.72	49.88	23.13	-16.79	6.82
Gross Profit, 1 Yr. Growth %	15.9	32.58	19.28	-5.94	-1.2
EBITDA, 1 Yr. Growth %	36.43	35.83	19.76	8.42	-0.16
EBITA, 1 Yr. Growth %	46.15	41.33	21.82	8.9	-0.46
EBIT, 1 Yr. Growth %	46.15	41.33	21.82	8.9	-0.46
Earnings From Cont. Operations, 1 Yr. Growth %	41.24	30.05	15.95	17.41	1.18
Net Income, 1 Yr. Growth %	41.04	29.73	16.08	17.63	1.03
Normalized Net Income, 1 Yr. Growth %	41	34.79	24.09	10.47	0.39
Diluted EPS Before Extra, 1 Yr. Growth %	41.04	29.73	16.08	17.63	1.03
Accounts Receivable, 1 Yr. Growth %	18.29	28.92	-38.78	30.14	21.07
Inventory, 1 Yr. Growth %	8.72	3.58	57.64	12.02	-7.1
Net Property, Plant and Equip., 1 Yr. Growth %	0.56	0.85	2.64	0.38	0.62
Total Assets, 1 Yr. Growth %	4.08	5.99	5.25	-1.66	-0.62
Tangible Book Value, 1 Yr. Growth %	3.45	2.42	9.32	-1.59	-2.03
Common Equity, 1 Yr. Growth %	2.96	2.09	8.07	-1.39	-1.78
Cash From Operations, 1 Yr. Growth %	35.13	37.46	74.24	-25.65	-0.32
Capital Expenditures, 1 Yr. Growth %	-0.87	-15.52	41.15	-19.38	17.25
Levered Free Cash Flow, 1 Yr. Growth %	44.49	61.95	52.64	-22.67	15.4
Unlevered Free Cash Flow, 1 Yr. Growth %	44.48	61.95	53.01	-22.78	15.39
Dividend Per Share, 1 Yr. Growth %	50.04	216.65	15.79	0	0.41
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.01	31.13	35.85	1.22	-5.72
Gross Profit, 2 Yr. CAGR %	3.21	23.96	33.36	5.92	-3.6
EBITDA, 2 Yr. CAGR %	1.39	36.13	27.54	13.95	4.04
EBITA, 2 Yr. CAGR %	1.37	43.72	31.21	15.18	4.11
EBIT, 2 Yr. CAGR %	1.49	43.72	31.21	15.18	4.11
Earnings From Cont. Operations, 2 Yr. CAGR %	3.61	35.53	22.8	16.68	9
Net Income, 2 Yr. CAGR %	3.58	35.27	22.72	16.85	9.02
Normalized Net Income, 2 Yr. CAGR %	1.44	37.86	29.33	17.08	5.31
Diluted EPS Before Extra, 2 Yr. CAGR %	3.68	35.27	22.72	16.85	9.02
Accounts Receivable, 2 Yr. CAGR %	18.21	23.49	-11.16	-10.74	25.52
Inventory, 2 Yr. CAGR %	-6.22	6.12	27.79	32.89	2.01
Net Property, Plant and Equip., 2 Yr. CAGR %	3.25	0.7	1.74	1.51	0.5
Total Assets, 2 Yr. CAGR %	0.96	5.03	5.62	1.74	-1.14
Tangible Book Value, 2 Yr. CAGR %	-5.66	2.93	5.81	3.72	-1.81
Common Equity, 2 Yr. CAGR %	0.75	2.53	5.04	3.23	-1.59
Cash From Operations, 2 Yr. CAGR %	-14.11	36.29	54.76	14.11	-13.91
Capital Expenditures, 2 Yr. CAGR %	-8.92	-8.49	9.2	6.67	-2.78
Levered Free Cash Flow, 2 Yr. CAGR %	-4.76	53.02	57.23	8.66	-5.53
Unlevered Free Cash Flow, 2 Yr. CAGR %	-4.76	53.02	57.41	8.71	-5.6
Dividend Per Share, 2 Yr. CAGR %	22.49	117.97	91.48	7.61	0.25
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.38	15.21	28.41	15.37	3.06
Gross Profit, 3 Yr. CAGR %	3.26	12.2	27.27	18.71	3.49
EBITDA, 3 Yr. CAGR %	0.48	11.77	30.44	20.82	9.04
EBITA, 3 Yr. CAGR %	0.04	13.25	36.01	23.31	9.71
EBIT, 3 Yr. CAGR %	0.04	13.34	36.01	23.31	9.71
Earnings From Cont. Operations, 3 Yr. CAGR %	0.58	11.76	28.66	20.98	11.27
Net Income, 3 Yr. CAGR %	0.55	11.65	28.54	21	11.32
Normalized Net Income, 3 Yr. CAGR %	0.08	11.52	33.11	22.71	11.23
Diluted EPS Before Extra, 3 Yr. CAGR %	0.62	11.72	28.54	21	11.32
Accounts Receivable, 3 Yr. CAGR %	3.49	21.68	-2.26	0.9	-1.19
Inventory, 3 Yr. CAGR %	-5	-3.06	21.09	22.3	17.94
Net Property, Plant and Equip., 3 Yr. CAGR %	2.59	2.45	1.35	1.29	1.21
Total Assets, 3 Yr. CAGR %	1.44	2.61	5.11	3.14	0.94
Tangible Book Value, 3 Yr. CAGR %	-3.13	-3.04	5.02	3.29	1.77
Common Equity, 3 Yr. CAGR %	1.25	1.2	4.34	2.85	1.53
Cash From Operations, 3 Yr. CAGR %	-12.09	0.46	47.92	21.42	9.08
Capital Expenditures, 3 Yr. CAGR %	-8.74	-11.17	5.74	-1.3	10.09
Levered Free Cash Flow, 3 Yr. CAGR %	-6.19	13.71	52.9	24.12	10.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	-6.19	13.71	53.01	24.16	10.89
Dividend Per Share, 3 Yr. CAGR %	14.48	68.11	76.53	54.2	5.18
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.43	10.85	11.41	9.4	13.48
Gross Profit, 5 Yr. CAGR %	7.49	13.14	14.39	12.25	13.89
EBITDA, 5 Yr. CAGR %	7.38	12.23	10.53	12.64	19.16
EBITA, 5 Yr. CAGR %	6.1	11.58	11.5	14.02	22.22
EBIT, 5 Yr. CAGR %	6.1	11.58	11.5	14.07	22.22
Earnings From Cont. Operations, 5 Yr. CAGR %	6.55	9.56	8.94	13.7	20.4
Net Income, 5 Yr. CAGR %	6.51	9.48	8.89	13.7	20.34
Normalized Net Income, 5 Yr. CAGR %	6.05	10.24	10.89	13.72	21.2
Diluted EPS Before Extra, 5 Yr. CAGR %	6.55	9.53	8.93	13.75	20.34
Accounts Receivable, 5 Yr. CAGR %	13.78	5.78	-2.64	7.5	8.02
Inventory, 5 Yr. CAGR %	3.91	-6.02	6.96	9.98	13.06
Net Property, Plant and Equip., 5 Yr. CAGR %	3.17	2.49	2.25	2.07	1.01
Total Assets, 5 Yr. CAGR %	3.73	3.59	3.09	2.26	2.56
Tangible Book Value, 5 Yr. CAGR %	0.55	-0.07	0.35	-0.39	2.23
Common Equity, 5 Yr. CAGR %	3.23	2.52	2.75	2.01	1.93
Cash From Operations, 5 Yr. CAGR %	9.44	19.92	10.23	5.72	19.24
Capital Expenditures, 5 Yr. CAGR %	3.2	-5.8	-1.95	-4.42	2.24
Levered Free Cash Flow, 5 Yr. CAGR %	18.05	103.03	15.35	11.66	26.11
Unlevered Free Cash Flow, 5 Yr. CAGR %	18.04	102.98	15.41	11.68	26.14
Dividend Per Share, 5 Yr. CAGR %	8.45	36.57	40.63	40.63	40.78