Pins matching place:"Wilmar HQ"

Core net profit fell 26% to US$1.16 billion, with weaker sugar merchandising and no repeat of the 2023 Cosumar sale gain; the total dividend was cut to S$0.16.

The Science Based Targets initiative approves Wilmar's goals to cut absolute Scope 1 and 2 emissions 50.4% and Scope 3 emissions 30% by 2032 from 2022, and 90% by 2050, plus land-use (FLAG) targets.

Shareholders passed every resolution at Wilmar's Biopolis headquarters; in written answers before the meeting, the company told a shareholder urging Kuok Khoon Hong to quit as CEO that he would hand over to a good successor.

Food products and plantations lifted the quarter while tropical-oil refining stayed tough and sugar volume fell 41.5%; Wilmar warned US tariffs made the rest of the year uncertain.

Wilmar agreed to take full ownership of PZ Wilmar, maker of Nigeria's market-leading Mamador and Devon King's cooking oils, buying out its UK partner for US$70 million in cash.

Plantations and food products drove a 26% jump in pre-tax profit, but core net profit slipped 4% and Kuok Khoon Hong said the full year hinged on Indonesian authorities resolving issues with the group.

An IDR 11.88 trillion (about US$712 million) payment ordered by Indonesia's Supreme Court turned the quarter into a US$347.7 million net loss, even as core net profit jumped 72%.

A US$1.14 billion gain from taking control of India's AWL Agri Business outweighed Indonesian compensation, Chinese legal provisions and a Pakistan write-down; the dividend was cut to S$0.14.

Wilmar's lead independent director defended the risk committee he chairs over the China and Indonesia cases and won 95.9% of votes; Kuok Khoon Hong said he would retire if a suitable successor emerged.

Revenue jumped 22% with India's AWL now consolidated, but unrealised hedging losses from the Iran war and weaker associates cut net profit to US$265.6 million.

Wilmar will pool its Nigerian and Beninese plantations, edible-oil and food businesses with TGI Group's brands and distribution in a Singapore-held 50:50 venture targeting a US$12 billion market.

Stronger tropical-oil refining, Chinese soybean crushing and a first full half of India's AWL lifted pre-tax profit 13% to US$1.06 billion; the interim dividend rose to S$0.05.

Wilmar's third-quarter executive summary is due after trading in late October, the first quarter with a comparison against the 3Q2025 Indonesia-payment loss.

Wilmar's full-year 2026 results and final dividend are due after trading in late February 2027, the first full year with India's AWL Agri Business consolidated.