InfoSAWIT, SINGAPORE – Wilmar International Limited recorded strong financial performance in the second half of 2025. The leading Asian agribusiness group posted a 24% increase in core net profit to US$693.9 million in 2H2025, compared to US$558.2 million in the same period last year.
Growth was primarily driven by strong performance in the Feed & Industrial Products segment, as well as higher contributions from joint ventures and associates, particularly Wilmar’s investments in China.
Boosted by Non-Operational Gains
In addition to operational growth, Wilmar recognized a significant non-operational gain of US$1.14 billion from the remeasurement of changes in shareholding in its associate, AWL Agri Business Limited.
However, this gain was partially offset by compensation payments and provisions related to Indonesian operations, as well as provisions tied to two ongoing legal cases in China (Guangzhou and Dongguan), as previously announced by Wilmar’s 89.99%-owned subsidiary, Yihai Kerry Arawana Holdings Co. Ltd.
The group also recorded impairment provisions for its associate in Pakistan following financial reporting issues that affected liquidity and raised going-concern concerns. Overall, these one-off non-core adjustments resulted in a net gain of US$103.8 million.
Including non-operational gains, Wilmar’s net profit rose 38% to US$815.9 million in 2H2025, up from US$590.2 million in 2H2024.
For the full year 2025 (FY2025), core net profit increased 10% to US$1.28 billion from US$1.16 billion in FY2024, while reported net profit grew 21% to US$1.41 billion.
Plantation and Sugar Under Pressure
The Plantation and Sugar Milling segment recorded a 28% decline in profit before tax to US$154.5 million in 2H2025, compared to US$215.3 million in the same period last year.
According to the company’s official statement to InfoSAWIT on Saturday (28/2/2026), the decline was driven by weaker performance in palm plantation and sugar milling businesses. Lower palm oil prices at the end of FY2025 resulted in fair value losses on biological assets recognized in the second half.
Fresh fruit bunch (FFB) production fell 8% to 1,996,961 metric tons in 2H2025, down from 2,162,031 metric tons in 2H2024, mainly due to unfavorable weather conditions in Indonesia.
The sugar business also faced pressure from declining global sugar prices and a 4% drop in sales volume to 2.2 million metric tons.
Despite second-half challenges, the segment posted a 32% annual profit increase to US$356.5 million in FY2025, supported by higher palm oil prices and stronger sugar sales in the first half. However, total annual FFB production still declined 2% to 4,039,764 metric tons.
2026 Outlook
The Others segment recorded a profit of US$36.6 million in 2H2025, up from US$20.9 million a year earlier, mainly from mark-to-market gains on securities investments. For FY2025, the segment posted a profit of US$19.7 million, reversing a US$38.1 million loss in FY2024.
Wilmar Chairman and CEO Kuok Khoon Hong described 2025 as a challenging year amid geopolitical tensions, trade tariffs, and regulatory shifts that required supply chain and business model adjustments.
“By leveraging our global manufacturing and distribution network, supported by a resilient workforce, we were able to navigate challenges and deliver satisfactory results for FY2025,” he said.
He added that operating conditions in 2026 are expected to remain challenging, but barring extraordinary circumstances, the group remains optimistic about delivering satisfactory performance. (T2)
