QL Resources

What QL Resources does

QL Resources is a Malaysia-headquartered, publicly listed (klse:QL) integrated agribusiness conglomerate founded in 1987, with its corporate base in Shah Alam and a workforce of 10,000+ employees. The company operates across three principal verticals: marine product manufacturing (surimi and fishmeal), livestock farming (poultry and downstream protein products), and palm oil. It also produces consumer-facing convenience food products, including eggs and surimi-based items, addressing both B2B foodservice and retail customers.

Its core operations are vertically integrated, spanning upstream farming, primary processing, and downstream consumer food manufacturing. The marine products segment processes catch into value-added surimi and fishmeal for industrial and consumer buyers; the livestock segment produces poultry for domestic protein markets; and the palm oil segment supplies crude and refined palm oil. The company website is registered as ql.com.my.

QL Resources earns revenue across commodity palm oil sales, B2B surimi and fishmeal shipments, and B2C protein and convenience food sales. Source data (figures labeled in millions, plausibly MYR given the Malaysian domicile) shows revenue scaling from ~1.245T (2022) to ~1.741T (2026) and net income from ~51.7B to ~111.2B over the same window, implying both volume growth and operating leverage from the integrated structure. Margins expanded from roughly 4% to roughly 6% across the period.

Name

QL Resources

Website

https://ql.com.my

Company type

Private

Founded year

1987

Headcount range

5,001–10,000 employees

Short description

QL Resources is a Malaysia-based, publicly listed integrated agribusiness conglomerate (founded 1987, HQ Shah Alam, klse:QL) manufacturing marine products (surimi, fishmeal), poultry, palm oil, and convenience foods for B2B foodservice, retailers, and B2C consumers.

Ownership category

akta.pro rank

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure

Core offering

QL Resources is a marine product manufacturing company that produces and sells marine/seafood-based products. Founded in 1987 and headquartered in Shah Alam, Malaysia, the company operates large-scale manufacturing facilities producing marine products for distribution through commercial channels. The company is publicly listed on Bursa Malaysia under the ticker symbol QL.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Products

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Nippon Suisan Kaisha (Nissui): Nissui is a major Japanese marine products company with operations in fishing, aquaculture, processed foods, and fine chemicals. Comparable to QL Resources given its integrated marine product manufacturing and global distribution footprint.
• Maruha Nichiro: Maruha Nichiro is a Japanese integrated seafood company engaged in fishing, aquaculture, processing, and distribution of marine products globally. Comparable to QL Resources as a vertically integrated marine products manufacturer with significant scale.
• Mowi ASA: Mowi is the world's largest Atlantic salmon producer with integrated farming, processing, and sales operations. Comparable to QL Resources as a vertically integrated marine protein manufacturer at global scale.
• Clearwater Seafoods: Clearwater Seafoods harvests, processes, and distributes premium shellfish and other seafood globally. Comparable to QL Resources as a marine products manufacturer focused on harvesting and value-added processing for global markets.
• Thai Union Group: Thai Union is one of the world's largest seafood companies producing canned tuna, frozen seafood, and value-added marine products. It is the closest direct peer to QL Resources given its scale, public listing, and focus on marine protein manufacturing and export.
• Pacific Seafood Group: Pacific Seafood is a US-based vertically integrated seafood company operating in harvesting, processing, and distribution. Comparable to QL Resources in scale and integrated marine operations, though focused on the US market.
• High Liner Foods: High Liner Foods is a North American processor and marketer of frozen seafood, including value-added products for retail and foodservice. Comparable to QL Resources in the marine product processing and value-added seafood space.
• Trident Seafoods: Trident Seafoods is one of North America's largest vertically integrated seafood companies, operating a fleet of vessels and processing facilities. Comparable to QL Resources as a large-scale integrated marine product manufacturer.
• Dongwon Industries: Dongwon Industries is a major Korean seafood company with operations in fishing, canning (tuna), and marine food manufacturing. Comparable to QL Resources as an Asian marine products manufacturer with global distribution.

Broad incumbents

• Charoen Pokphand Foods: CPF is a large Thai-listed integrated food producer with diversified protein (poultry, swine, aquaculture, seafood) operations. Comparable to QL Resources as a Southeast Asian protein manufacturer with overlapping aquaculture/seafood exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about QL Resources