Mewah International Inc. booked net profit of US$53.6 million for the year ended 31 Dec 2025, up 38.1% year-on-year, lifted by record sales volumes and wider operating margins despite a one-off asset write-off following a fire at an Indonesian plant.

Full-year revenue rose 25.0% to an all-time high of US$5.98 billion on an 8.7% increase in sales volume to 5.20 million tonnes and a 15.0% increase in average selling prices. The board proposed a final tax-exempt dividend of S$0.0062 per share; together with the interim payout of S$0.0018 already distributed, the total dividend for FY 2025 will be S$0.0080 per share.

Operating margin expanded 35.1% to US$279.1 million, lifting margin per tonne by 24.3% to US$53.7. By business line, the Bulk segment contributed operating margin of US$171.2 million, up 77.8% YoY on 13.0% higher volume and improved refining spreads, while Consumer Pack generated US$108.0 million, 2.1% lower after a fire-related write-off and a 4.6% decline in volume. Bulk accounted for 61.3% of group operating margin, Consumer Pack for 38.7%.

The write-off related to a 70%-owned Indonesian facility trimmed Consumer Pack earnings by US$13.1 million. Insurance claims are pending approval and were not recognised in the 2025 accounts.

Mewah closed the year with total equity of US$893.7 million and a net debt-to-equity ratio of 0.72. Working-capital efficiency improved as cycle time shortened to 66 days from 69 days a year earlier.

Management said the 2025 performance was underpinned by strong biodiesel demand in the first half and higher Malaysian palm oil output in the second half, while expanding Indonesian capacity supported volume growth. Looking to 2026, the company expects a “mixed” edible-oils landscape as inventories normalise but Indonesian biofuel mandates underpin demand. The group intends to focus on disciplined cost control, diversified customer base and geographic reach to sustain performance.