Bumitama Agri Ltd (P8Z.SI) saw its stock price soar by 4.76% in pre-market trading on Tuesday, following the release of its impressive first-half 2025 financial results and the announcement of a proposed interim dividend.
The palm oil producer reported a substantial 28.2% year-on-year increase in revenue, reaching IDR 9,742.713 billion for the first half of 2025. This growth was primarily driven by higher average selling prices of palm products. More importantly, the company's net profit surged by 50.9% to IDR 1,511.910 billion, showcasing strong operational performance and improved margins.
Adding to investor enthusiasm, Bumitama Agri proposed an interim dividend of 3.63 Singapore cents per share. This attractive payout, combined with the robust financial results, likely contributed 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.