As of 2023, about 63 percent of the conglomerate's profits came from its oil palm plantations. For nearly a decade, IOI has navigated one of the world's most volatile commodity industries with steadiness—focused on controlling fixed costs, sharpening operational efficiency, and building a downstream portfolio that delivers resilience when crude palm oil prices swing.
Cyborg Score Rationale
Despite revenues plateauing, margins, returns, and cash generation have held firm; its balance sheet has strengthened, its global footprint has deepened, and its integrated model has created advantages that are far harder to replicate than headline numbers suggest.
Top Insights
IOI is the largest vegetable oil-based oleochemical manufacturer in Asia with combined capacity of over 890,000 MT per annum
The company employs more than 28,000 employees globally
IOI is a co-founder of the Roundtable on Sustainable Palm Oil and was reinstated in August 2016 by RSPO after fulfilling demands to improve environmental performance
As of end-2025, the Employees Provident Fund increased its stake in IOI Group to 17.87%
Named Competitors
Wilmar International — Global agribusiness with palm oil, grains, and specialty fats
Golden Agri Resources — Integrated palm oil and palm-based products producer
Sime Darby Plantations — Major palm oil plantation and resource-based manufacturing
Bunge Loders Croklaan — Specialty oils and fats manufacturing (30%-owned by IOI)
Recent Developments
(January 2026) EPF substantially increased shareholding position to 17.87%, signaling confidence in IOI's strategic direction
(2025) Continued focus on expanding organic palm oil production under CEO Yeow Chor Lee's leadership
(2024-2025) Maintained operational discipline through commodity volatility while strengthening balance sheet
Open the full interactive IOI Corporation Berhad report
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