Wilmar posts Q3 net profit of US$281 million amid higher costs, reverses year-ago loss
Excluding a one-off expense, net profit declines 22.9% from US$364.6 million in the year-ago period
Wilmar International reported a net profit of US$281 million for its third quarter, reversing a loss from the previous year. This profit was 22.9% lower than the US$364.6 million earned in Q3 FY2025, according to a bourse filing. The decline was primarily due to higher costs, excluding a one-off US$712.3 million compensation expense paid to the Indonesian government.
Core net profit fell 25.2% to US$267.3 million, while food products sales grew 11.9% to 10.4 million tonnes, and feed and industrial products sales remained stable at 18.8 million tonnes. Despite these challenges, Wilmar's overall sales volume increased by 1.7% to around US$19.4 billion. The company anticipates a challenging operating environment due to rising feedstock costs, surging commodity prices, and global supply disruptions, but remains cautiously optimistic about performance for the remainder of the year.
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