Pins matching tag:Agribusiness

Wilmar's Lence Pte signs an option to buy up to 31.06% of Adani Wilmar from Adani Commodities at no more than Rs 305 a share, while Adani sells about 13% to the public, ending the Adani half of the Fortune joint venture.

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.

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.

Lence Pte agrees to buy between 11% and 20% of AWL Agri Business from Adani Commodities at Rs 275 a share, replacing the December option, while Adani places its other 10.42% with investors.

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.

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.

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.