PALMOILMAGAZINE, SINGAPORE – Wilmar International Limited reported a strong financial performance in the second half of 2025, supported mainly by solid growth in its industrial business segment. The Asian agribusiness giant recorded a 24% increase in core net profit to US$693.9 million in the second half of 2025 (2H2025), compared with US$558.2 million in the same period a year earlier.
The improvement was largely driven by the strong performance of the Feed & Industrial Products segment, along with higher contributions from joint ventures and associate companies, particularly Wilmar’s investments in China.
Boost from Non-Operational Gains
In addition to operational growth, Wilmar also recorded significant non-operational gains. The company recognized a profit of US$1.14 billion from the remeasurement of changes in its shareholding in associate company AWL Agri Business Limited.
However, part of the gain was offset by compensation payments and provisions related to operations in Indonesia, as well as provisions associated with two ongoing legal cases in China—Guangzhou and Dongguan—disclosed by Yihai Kerry Arawana Holdings Co. Ltd., a subsidiary in which Wilmar holds an 89.99% stake.
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Wilmar also made provisions for potential losses linked to its associate company in Pakistan after issues were discovered in the entity’s financial statements. These issues affected liquidity and raised concerns about the company’s ability to continue as a going concern.
Overall, these one-off non-core adjustments resulted in a net additional gain of US$103.8 million.
Including the non-operational gains, Wilmar’s net profit in 2H2025 rose 38% to US$815.9 million, compared with US$590.2 million in the same period of 2024.
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For the full financial year 2025 (FY2025), the company’s core net profit increased 10% to US$1.28 billion, up from US$1.16 billion in FY2024. Meanwhile, net profit grew 21% to US$1.41 billion compared with US$1.17 billion in the previous year.
Plantation and Sugar Segments Under Pressure
Despite the overall positive performance, Wilmar’s Plantation and Sugar Milling segment recorded a 28% decline in profit before tax, falling to US$154.5 million in 2H2025 from US$215.3 million in the same period last year.
According to the company’s official statement on Saturday (28/2/2026), the decline was mainly caused by weaker performance in the oil palm plantation and sugar milling businesses. Lower palm oil prices toward the end of FY2025 led to losses from changes in the fair value of biological assets recognized during the second half of the year.
Fresh fruit bunch (FFB) production also fell by 8% to 1,996,961 metric tons in 2H2025, compared with 2,162,031 metric tons in 2H2024, largely due to unfavorable weather conditions in Indonesia.
Meanwhile, the sugar business faced pressure from declining global sugar prices and a drop in sales volume. Sugar sales decreased by 4% to 2.2 million metric tons, down from 2.3 million metric tons recorded in the same period last year. (P2)
