Genting Plantations Berhad

What Genting Plantations Berhad does

Genting Plantations Berhad is a Malaysia-incorporated public company listed on Bursa Malaysia (stock code 2291, ticker GENP), founded in 1977 as the plantation arm of the Genting Group. The company operates across four business divisions: Plantation, Downstream Manufacturing, Property, and AgTech. Its core upstream operation spans approximately 243,200 hectares of oil palm estates across Peninsular Malaysia, Sabah, and Indonesia, supported by 14 oil mills with combined throughput capacity of 765 metric tonnes per hour. The Plantation division sells crude palm oil (CPO) and palm kernel to global refineries, industrial buyers, oleochemical companies, and biodiesel producers through enterprise B2B channels, with the entire upstream asset base holding RSPO, ISCC, MSPO, and ISPO sustainability certifications.

The Downstream Manufacturing division operates a 600,000 mt/year palm oil refinery in collaboration with Musim Mas Group at POIC, Lahad Datu, Sabah, alongside two biodiesel plants with combined 300,000 mt/year capacity. The Property division, through Genting Property Sdn Bhd, develops integrated townships (Genting Indahpura — 7,000 acres in Kulai, Johor; Genting Pura Kencana in Batu Pahat) and three Premium Outlets centers operated under a 50:50 joint venture with Simon Property Group in Johor (opened 2011), Genting Highlands (2017), and Jakarta (March 2025). The AgTech division, anchored by ACGT Sdn Bhd, has sequenced the genomes of oil palm, Jatropha, and Ganoderma, and operates the proprietary Titanium Platform Technology for marker-assisted breeding of higher-yielding planting materials, complemented by GAT (Genting AgTech) for commercial seed production.

Revenue is generated primarily through transactional commodity sales (palm oil products), property development sales, downstream manufacturing margins, and rental income from Premium Outlets. The company reports FY2025 revenue of RM3,367.6 million with net profit of RM368.5 million and adjusted EBITDA of RM942.2 million, supported by a market capitalization of approximately RM4.6 billion as of December 2025. As a subsidiary of Genting Berhad, the company benefits from group-level governance and brand recognition but faces material exposure to Indonesia regulatory enforcement, including approximately USD 25 million in fines and seizure of approximately 12,000 hectares of land by Indonesia's Forest Area Enforcement Task Force in 2025–2026.

Name

Genting Plantations Berhad

Legal name

Genting Plantations Berhad 197701003946 (34993-X)

Website

https://gentingplantations.com

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Genting Plantations Berhad is a Malaysian-listed palm oil producer operating approximately 243,200 hectares of oil palm estates and 14 oil mills across Malaysia and Indonesia, with integrated downstream refining, biodiesel, property development, and agricultural technology divisions serving global B2B and consumer markets.

Ownership category

akta.pro rank

Product category

Oil Palm Plantation

NAICS

Oilseed (except Soybean) Farming (11112), Oilseed and Grain Farming (1111)

SIC

Fats & Oils (2070), Agricultural Production-Crops (100)

akta.pro primary industry

Palm Oil Milling, Refining & Fractionation (AFAKAEAB)

akta.pro secondary industries

Seed Licensing & IP/Royalty Management (AFAGAIAL), Sustainable & Responsible Supply Chain (ESG, Scope 3) (BPAHAHAM)

Keywords

• Oil palm cultivation
• Palm oil refining
• Biodiesel manufacturing
• Property development
• Agricultural biotechnology

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Plantation Operations: Revenue from cultivation and sale of crude palm oil (CPO) and palm kernel products from oil palm plantations across Malaysia and Indonesia. The company owns 243,200 hectares of landbank and 14 oil mills with combined capacity of 765 metric tonnes per hour.
2. Downstream Manufacturing: Revenue from palm oil refinery (600,000 mt/year capacity) and two biodiesel plants (300,000 mt/year total capacity) at POIC, Lahad Datu, Sabah, operated through collaboration with Musim Mas Group.
3. Property Development: Revenue from development and sale of residential and commercial properties including integrated townships (Genting Indahpura in Kulai, Johor - 7,000 acres; Genting Pura Kencana in Batu Pahat, Johor), and commercial outlets (Johor Premium Outlets, Genting Highlands Premium Outlets, Jakarta Premium Outlets).
4. AgTech Solutions: Revenue from technology-based solutions including genomic technology services, seed production (through GAT), and agricultural technology consulting provided to the Group's core agribusiness and potentially external clients.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Genting Plantations Berhad is an integrated palm oil producer operating four business divisions: (1) Plantation — cultivating oil palm across approximately 243,200 hectares in Malaysia and Indonesia with 14 oil mills totaling 765 metric tonnes per hour capacity; (2) Downstream Manufacturing — operating a 600,000 mt/year palm oil refinery and 300,000 mt/year biodiesel plants at POIC, Lahad Datu, Sabah in collaboration with Musim Mas Group; (3) Property — developing integrated townships (Genting Indahpura, Genting Pura Kencana) and Premium Outlets centers through a 50:50 joint venture with Simon Property Group; and (4) AgTech — providing genomic science, biotechnology and seed production services through wholly-owned subsidiaries ACGT Sdn Bhd and Genting AgTech Sdn Bhd.

Product overview

Genting Plantations Berhad operates a diversified business portfolio comprising four main divisions: Plantation (oil palm cultivation across approximately 243,200 hectares with 14 oil mills), Downstream Manufacturing (palm oil refinery and biodiesel plants), Property (through subsidiary Genting Property developing townships and premium outlet centers), and AgTech (biotechnology through ACGT and Genting AgTech for genomic research and seed production). The company also operates three Premium Outlets centers in Malaysia and Indonesia under partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• Johor Premium Outlets: Premium outlet center under 50:50 joint venture with Simon Property Group, located at Indahpura, Kulai, Johor, Malaysia
• Genting Highlands Premium Outlets
• Jakarta Premium Outlets
• ACGT
• Genting MusimMas Refinery
• Genting Indahpura
• Genting Pura Kencana
• Genting Cheng Perdana
• The Gasoline Tree

Products and services

• Plantation Operations Oil palm plantation business spanning approximately 243,200 hectares across Peninsular Malaysia, Sabah, and Indonesia. The company owns and operates 14 oil mills with combined capacity of 765 metric tonnes per hour, positioning it as one of the lowest-cost palm oil producers. Supplies crude palm oil and palm kernel products to refiners and industrial buyers globally.
• Downstream Manufacturing (Refinery and Biodiesel) Palm oil refining and biodiesel manufacturing operations at POIC, Lahad Datu, Sabah. Includes a refinery with 600,000 mt/year capacity and two biodiesel plants with combined 300,000 mt/year capacity, operated through a joint venture with Musim Mas Group. Serves food, oleochemical and biofuel industrial buyers.
• Property Development (Townships) Residential and commercial property development undertaken by wholly-owned subsidiary Genting Property Sdn Bhd from strategically located landbank. Major projects include the 7,000-acre Genting Indahpura integrated township in Kulai, Johor and the Genting Pura Kencana mixed development in Batu Pahat, Johor. Targets homebuyers and commercial tenants.
• Johor Premium Outlets Premium outlet retail center at Indahpura, Kulai, Johor with gross leasable area of over 319,000 square feet featuring 150 designer and brand name stores, operated under a 50:50 joint venture with Simon Property Group. Targets retail consumers seeking discounted designer and brand goods.
• Genting Highlands Premium Outlets Premium outlet retail center located at Genting Highlands, Pahang, with gross leasable area of over 278,000 square feet and 150 name brand outlet stores, operated under the Premium Outlets joint venture with Simon Property Group. Targets retail consumers at the Genting Highlands resort destination.
• Jakarta Premium Outlets First Premium Outlet Center in Indonesia located in Tangerang, Banten, with gross leasable area of over 306,000 square feet and 150 upscale stores featuring leading designers and quality name brands, operated under the Premium Outlets joint venture with Simon Property Group. Targets Indonesian retail consumers.
• AgTech — Genomic and Seed Solutions (ACGT and GAT) Agricultural technology solutions provided through wholly-owned subsidiaries ACGT Sdn Bhd (genomic science, biotechnology, oil palm research) and Genting AgTech Sdn Bhd/GAT (seed production). Capabilities include Titanium Platform Technology for oil palm reference genome, marker-assisted breeding for high-yielding planting materials, and completed genome sequencing of oil palm, jatropha and Ganoderma. Targets plantation operators and agribusiness clients seeking yield improvement.
• Johor Tech Smart City 2,300-acre integrated development within the Johor-Singapore Special Economic Zone in Kulai, Johor, comprising a 202.3-hectare AgTech Campus and 688-hectare Knowledge AI Campus, with estimated gross development value of RM80 billion and projected creation of over 10,000 jobs. Developed by Genting Property Sdn Bhd and ACGT Sdn Bhd in partnership with Huawei, B+H and Surbana Jurong.

Quantifiable outcome

• 243,200 hectares total landbank including Plasma schemes
• +5 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered flagship and core.

• HuaweiflagshipTechnology or Integration · 12 June 2026International technology partner for Johor Tech Smart City development. Huawei is providing the blueprint for the Knowledge AI Campus innovation hub within the 688-hectare Knowledge AI Campus.
• B+H ArchitectsflagshipTechnology or Integration · 12 June 2026International architecture and design firm partner for Johor Tech Smart City development, providing design expertise for the integrated development.
• Surbana JurongflagshipTechnology or Integration · 12 June 2026International engineering and urban planning firm partner for Johor Tech Smart City development, providing urban planning and engineering expertise.
• Agricultural Technology CompaniesflagshipTechnology or Integration · 12 June 2026Various agricultural technology companies partnered with Genting Property and ACGT for the Johor Tech Smart City development, specifically for the 202.3-hectare AgTech Campus.
• Musim Mas GroupcoreStrategic or Co-development Partner · 1 January 2014Collaboration with Musim Mas Group, one of the world's leading palm oil refiners, to commission a palm oil refinery with annual capacity of 600,000 metric tonnes at Palm Oil Industrial Cluster (POIC), Lahad Datu, Sabah in January 2017.
• Simon Property GroupcoreStrategic or Co-development Partner · 1 December 201150:50 joint venture with Simon Property Group of the US to develop Premium Outlet Centers. Includes Johor Premium Outlets (opened December 2011), Genting Highlands Premium Outlets (opened June 2017), and Jakarta Premium Outlets (opened March 2025). Johor Premium Outlets features 150 designer stores with gross leasable area of over 319,000 square feet.
• Genting AgTech Sdn Bhd (GAT)coreStrategic or Co-development Partner · 1 January 2009GAT is the seed producing partner of ACGT. Both ACGT and GAT were accorded BioNexus status by Malaysian Biotechnology Corporation Sdn Bhd (ACGT in 2006, GAT in 2009). GAT focuses on seed production while ACGT provides genomic technology.
• Malaysian Biotechnology Corporation Sdn Bhd (BioNexus)coreStrategic or Co-development Partner · 1 January 2009GAT was accorded BioNexus status by Malaysian Biotechnology Corporation Sdn Bhd in 2009, supporting its seed production activities.
• Malaysian Biotechnology Corporation Sdn Bhd (BioNexus)coreStrategic or Co-development Partner · 1 January 2006ACGT was accorded BioNexus status by Malaysian Biotechnology Corporation Sdn Bhd in 2006, an agency under the Ministry of Science, Technology and Innovation. This status recognizes technology-based companies with potential to contribute to the bioeconomy.

Scale indicators16 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Wilmar International Limited: Singapore-listed global agribusiness giant and the world's largest palm oil trader/refiner with extensive plantation, refining, and consumer brands. Comparable on downstream scale and global reach; broader and more diversified than GENP.

Direct peers

• IOI Corporation Berhad: Malaysian integrated palm oil producer with own plantations, refining, and oleochemicals. Closely comparable on vertical integration model, downstream value-add, and export-oriented CPO exposure to European and Asian buyers.
• Sime Darby Plantation Berhad: Largest Malaysian palm oil planter and one of the world's biggest, with integrated upstream and downstream operations. Directly comparable on landbank scale, geographic footprint (Malaysia + Indonesia), refining/biodiesel exposure, and sustainability certifications (RSPO).
• FGV Holdings Berhad: Malaysian palm oil major and one of the world's largest CPO producers with downstream and logistics operations. Comparable on scale, Malaysia-centric plantation base, and integrated refining exposure.
• Kuala Lumpur Kepong Berhad (KLK): Malaysian plantation and oleochemicals group with large Malaysia/Indonesia landbank and downstream manufacturing. Directly comparable on integrated plantation-to-oleochemicals chain and CPO cost positioning.
• First Resources Limited: Singapore-listed Indonesia-focused palm oil producer with upstream plantations and processing. Comparable on Indonesia-centric operations, refining integration, and CPO export orientation.
• Boustead Plantations Berhad: Malaysian palm oil planter with estates across Malaysia. Comparable on plantation scale, geographic mix, and small-cap Bursa Malaysia-listed plantation profile.
• Golden Agri-Resources Ltd: Indonesia-based integrated palm oil planter with refining and consumer products. Directly comparable on Indonesia plantation exposure, vertically integrated downstream, and branded consumer reach.

Others

• Simon Property Group: JV partner for Premium Outlets and global leader in premium outlet retail real estate. Relevant comparator on the property/retail segment (Johor, Genting Highlands, Jakarta Premium Outlets), though Simon is a much larger US REIT-focused operator.

Regional players

• Astra Agro Lestari Tbk: Indonesia-listed pure-play palm oil producer (part of the Astra Group). Comparable on tropical plantation operations and CPO production, though Indonesia-domestic rather than cross-border and not directly competing in Malaysian estates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/genting-plantations

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Genting Plantations Berhad