Singapore’s Wilmar posts higher interim profit on strong industrial, food businesses
The company posted a core net profit of $820 million for the six months ended June 30.
Wilmar International, a Singapore-listed food producer, announced on Aug 12 that its core net profit climbed by 9.9 percent for the first half of the year, reaching US$641.5 million, up from US$583.7 million in the same period last year. The company's feed and industrial products and food products businesses were key drivers of this growth.
Wilmar's feed and industrial products division saw a 55 percent rise in profit, attributed to increased volumes and refining margins in its tropical oils business. Meanwhile, demand for feed in China, which boosted soybean crushing activity, contributed to the division's improved earnings.
The food products unit recorded a 56 percent increase in profits, fueled by higher sales volumes, gains from disposals, and the consolidation of AWL Agri Business's results since December. In 2025, India's Adani Group sold its stake in AWL to Wilmar, culminating in a US$1.3 billion deal.
Additionally, Wilmar proposed an interim dividend of $0.05 per share for the current period, up from $0.04 per share declared in the previous year.
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- Wilmar H1 net profit rises 2.3% on stronger feed and food product segments businesstimes.com.sg
