Shares of Bumitama Agri Ltd (P8Z.SI) skyrocketed 10.12% during Tuesday's trading session, following the release of its exceptional first-half 2025 financial results and the announcement of an attractive interim dividend. The palm oil producer's strong performance and shareholder-friendly move have ignited investor enthusiasm, driving the stock to significant gains.
Bumitama Agri reported a remarkable 28.2% year-on-year increase in revenue, reaching IDR 9,742.713 billion for the first half of 2025. This substantial growth was primarily attributed to higher average selling prices of palm products. More impressively, the company's net profit surged by 50.9% to IDR 1,511.910 billion, showcasing strong operational efficiency and improved margins. The attributable profit to owners rose by 48% to 1.2666 trillion Indonesian rupiah, resulting in earnings per share of 730 rupiah, up from 494 rupiah in the comparable period.
Adding to the positive sentiment, Bumitama Agri proposed an interim cash dividend of 3.63 Singapore cents per share. This attractive payout, combined with the robust financial results, has clearly resonated with investors, contributing to the significant uptick in the company's stock price. As the palm oil industry continues to show resilience, Bumitama Agri's strong performance positions it well in the market, potentially attracting further investor interest in the coming days.