Wilmar International (F34) Q3 2025 earnings summary

Executive summary

• Core net profit rose 71.6% year-over-year to US$357.2 million in 3Q2025, driven by stronger operational results and higher contributions from joint ventures and associates.

• Net loss of US$347.7 million in 3Q2025, compared to a US$254.4 million profit in 3Q2024, due to a US$712.3 million payment related to an Indonesia Supreme Court decision.

• Food Products segment saw improved performance, especially in China's oil, flour, and rice businesses, with steady sales volume growth.

• Feed & Industrial Products segment benefited from higher tropical oils sales and steady palm oil prices.

Financial highlights

• Revenue increased 7.4% year-over-year to US$19.07 billion in 3Q2025.

• Core net profit for 9M2025 was US$940.9 million, up from US$814.4 million in 9M2024.

• Net profit for 9M2025 was US$247.3 million, down from US$834.0 million in 9M2024.

• EBITDA for 3Q2025 was US$426.0 million, down 53.4% year-over-year.

• Cash flows from operating activities rose 70.0% year-over-year to US$2.14 billion in 3Q2025.

Outlook and guidance

• Business expected to remain resilient for the rest of the year, barring adverse changes in international government policies.

• Cautiously optimistic for satisfactory performance for the remainder of the year.