{
  "id": 19654088,
  "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-19654088",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T12:51:07.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "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% 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.",
  "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."
}