{
  "id": 19653978,
  "title": "Golden Agri-Resources’ Q3 profit rises to US$162 million on higher plantation output",
  "url": "https://urgent.news/2026/11/12/golden-agri-resources-q3-profit-rises-to-us-162-million-on-higher",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T12:51:07.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/companies-markets/golden-agri-resources-q3-profit-rises-us162-million-higher-plantation-output"
  },
  "original_language": "en",
  "account": "Golden Agri-Resources (GAR) reported a 32 percent increase in net profit for the third quarter ended September 30, 2026, reaching US$162 million. This rise was primarily driven by higher plantation output and investment income received during the quarter. Overall, GAR's net profit for the first nine months of 2026 stood at US$330 million, a 16 percent increase from the same period last year.\n\nRevenue for Q3 was up 3 percent at US$3.5 billion, while annual revenue for 2026 was 6 percent higher at US$10.1 billion. The appreciation in crude palm oil (CPO) prices played a significant role in this growth, with the average FOB Belawan CPO price rising to US$1,192 per tonne in 2026, up from US$1,094 previously. GAR's upstream palm product output for Q3 increased by 12 percent to 808,000 tonnes, and the company's total production expanded to 2.1 million tonnes in 2026 from two million tonnes in the previous year.\n\nGAR attributed the improvement in production to a strong rebound in fresh fruit bunch (FFB) production, alongside enhanced oil extraction rates and increased purchases of third-party FFB. Despite a slight decline in downstream sales volume, which only rose 1 percent in Q3, gross profit increased by 15 percent to US$669 million and EBITDA rose by 32 percent to US$414 million. GAR's gearing ratio is currently at 0.6 times, and the net debt-to-EBITDA ratio is 0.3 times. As of September 30, 2026, total liabilities were 18 percent higher at US$5.8 billion, while total assets were up 10 percent at US$11.8 billion. Interest-bearing debts, meanwhile, increased by 10 percent to US$3.6 billion by the end of September 2026.",
  "summary": "Appreciation in crude palm oil prices pushes revenue up to US$3.5 billion",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}