Wilmar International Limited slipped to a net loss of US$347.7 million for the quarter ended Sept 30, 2025, from a US$254.4 million profit a year earlier, after booking a one–off payment of roughly US$712.3 million ordered by Indonesia’s Supreme Court in relation to actions taken during the 2021 domestic cooking-oil shortage. Core net profit, which strips out the exceptional charge, rose 71.6 per cent year-on-year to US$357.2 million, supported by stronger contributions from all operating segments and higher income from associates and joint ventures.
Revenue increased 7.4 per cent year-on-year to US$19.07 billion, helped by higher sales volumes in both the Food Products and Feed & Industrial Products divisions. The group did not declare an interim dividend for the quarter.
Food Products posted volume growth of 6.5 per cent to 9.25 million tonnes, lifted by improved margins in China’s oil, flour and rice businesses and firm demand across consumer, medium-pack and bulk channels. Feed & Industrial Products volumes expanded 3.2 per cent to 18.83 million tonnes, as abundant South American soybean supply and stronger livestock demand drove higher crushing margins and sales in the oilseeds and grains sub-segment. Tropical-oil shipments also rose, offsetting softer sugar volumes.
Despite the operational gains, EBITDA fell 53.4 per cent to US$426.0 million on the back of the exceptional Indonesian charge. Excluding the item, management said operating performance was “satisfactory”, citing steady palm-oil prices and resilient plantation earnings.
Net operating cash flow climbed 70.0 per cent to US$2.14 billion, aided by lower working-capital needs as soybean and sugar prices eased. Net debt narrowed 11.6 per cent from end-December to US$16.48 billion, trimming net gearing to 0.82 times from 0.94 times. The group held US$36.94 billion in unutilised banking facilities at quarter-end.
Looking ahead, Wilmar remains “cautiously optimistic” that full-year performance will be satisfactory, barring adverse policy shifts, noting resilient demand across key product lines and continued discipline in balance-sheet management.