Golden Agri-Resources’ H1 net profit rises 56.5% to US$160.3 million

[SINGAPORE] Golden Agri-Resources recorded a net profit of US$160.3 million for the first half of 2025, a 56.5 per cent jump from the year-ago period, the palm oil company said in a bourse filing on Thursday (Aug 14).  

Revenue rose 19.6 per cent to US$6.2 billion, from US$5.1 billion the year before, supported by a 19 per cent increase in crude palm oil market prices. 

“Higher plantation output allowed the company to capitalise on stronger crude palm oil prices, while offsetting reduced sales volumes,” Golden Agri-Resources said.

The higher net profit was also due to lower interest expenses and reduced foreign exchange loss. 

Franky Widjaja, chairman and chief executive officer of Golden Agri-Resources, said: “Favourable weather conditions have helped Indonesian palm oil to continue its recovery in 2025, in line with global vegetable oil supply trends.”

The CEO added: “Although global economic growth is slowing down, we see gradual improvement in palm oil demand driven by staple food consumption and smooth implementation of the B40 biodiesel policy. Nonetheless, we continue to anticipate factors that may influence price trends and trade flows, including global geopolitical tensions and changing trade tariffs.” 

Earnings per share stood at US$0.0126 in the first half of 2025, an increase from US$0.0081 in the first half of 2024. 

No dividend was declared for the first half, unchanged from the year ago period. 

For 2025, Golden Agri-Resources said it is targeting capital expenditure of US$350 million, mainly for replanting, the expansion of downstream processing plants and the enhancement of downstream facilities including for traceable products and carbon emission reduction initiatives. 

Golden Agri-Resources closed flat at S$0.265 on Thursday before the announcement.