Golden Agri-Resources’ Q3 profit rises to US$162 million on higher plantation output
Appreciation in crude palm oil prices pushes revenue up to US$3.5 billion
Golden Agri-Resources (GAR) reported a 32% increase in net profit to US$162 million for its third quarter ended September 30, 2026, due to higher plantation output and investment income. The company's revenue for the same period was US$3.5 billion, a 3% increase from the previous quarter and 6% higher than the previous year. GAR's upstream palm product output rose 12% to 808,000 tonnes in Q3, and 2.1 million tonnes for the nine months of 2026, driven by strong FFB production, improved extraction rates, and higher purchases of third-party FFB.
The downstream sales volume increased by 1% to 2.94 billion tonnes in Q3. Despite market volatility, GAR's gross profit rose 15% to US$669 million, and EBITDA increased 32% to US$414 million. The company's gearing ratio is currently 0.6 times, and net debt-to-EBITDA ratio is 0.3 times. GAR expects future palm oil consumption to be influenced by geopolitical tensions, El Nino conditions, and competition from vegetable oils.
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