Key facts
- Wilmar International reported a 13% increase in pre-tax profit to $1.06 billion for the first half of 2026.
- Core net profit rose 10% to $641.5 million.
- Revenue increased 17.2% to $38.56 billion.
- The Feed & Industrial Products segment's pre-tax profit jumped 55% to $591.0 million.
- The Food Products segment's pre-tax profit increased 56% to $304.6 million.
- The Plantation & Sugar Milling division's pre-tax profit fell 32% to $137.7 million.
Wilmar International Limited reported a 13% increase in pre-tax profit to $1.06 billion for the first half of 2026, compared to $937.7 million in the same period last year. The agribusiness group's core net profit also rose by 10% to $641.5 million.
Overall revenue for the period surged by 17.2% to $38.56 billion, largely attributed to the consolidation of AWL Agri Business Limited's results since December 2025 and higher selling prices across most products. This consolidation also boosted the Food Products segment, which saw its pre-tax profit jump 56% to $304.6 million, driven by volume growth and a gain on the disposal of joint ventures in China.
The Feed & Industrial Products segment was a key driver of growth, with pre-tax profit improving by 55% to $591.0 million. This was supported by stronger performances in tropical oils, oilseeds, and grains, with rising feed demand in China leading to increased soybean crushing activity. The segment's oilseeds and grains business saw a 6.1% increase in sales volume to 14.9 million metric tons.
Conversely, the Plantation & Sugar Milling division experienced a 32% decline in pre-tax profit to $137.7 million. This was primarily due to weaker sugar milling performance impacted by lower sugar prices and a $24.7 million impairment loss on sugar milling assets in India. Palm plantation operations were also affected by a 6% decrease in fresh fruit bunch production.
The 'Others' segment reported a higher loss before tax of $60.0 million, mainly due to increased mark-to-market losses on investment securities.