Golden Agri-Resources Ltd
XMUN:4G3A

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Golden Agri-Resources Ltd Logo
Golden Agri-Resources Ltd
XMUN:4G3A
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Price: 0.218 EUR Market Closed
Market Cap: €2.8B

Golden Agri-Resources Ltd
Investor Relations

Golden Agri-Resources grows oil palm trees, harvests fresh fruit bunches, and turns them into crude palm oil, palm kernel oil, and related products. It also refines some of that output into food ingredients, specialty oils, and other downstream palm-based products. The company sits in the middle of the palm oil supply chain, linking plantations to processors, manufacturers, and traders. Its main customers are food companies, household goods makers, biodiesel producers, and bulk commodity buyers that use palm oil in cooking oil, margarine, soaps, personal care items, and fuel blends. Golden Agri-Resources makes money by selling the palm products it produces, both in raw commodity form and as more processed goods with different uses. Because palm oil is used in many everyday products, demand comes from a wide range of industrial and consumer end markets. What makes the business model distinct is its control over both the farm side and the processing side of the business. Instead of only buying and reselling palm oil, it owns plantations and processing assets, which gives it more control over supply, quality, and product mix. That vertical integration makes it more than a trader: it is a producer, processor, and supplier of palm-based ingredients.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 14, 2025
AI Summary
Q2 2025

Strong Revenue Growth: Golden Agri reported 20% higher revenue at $6.15 billion for the first half of 2025, mainly due to stronger CPO prices.

Profit Surge: Net profit jumped 56% to $160 million, helped by both operational improvements and lower foreign exchange losses.

Upstream Leads: Upstream business became the main earnings driver, with segmental EBITDA up 51% to $320 million.

Deleveraging: Net debt was cut by 54% to $258 million, strengthening the balance sheet and key financial ratios.

Sustainability Progress: The company launched a new sustainability framework and expanded responsible sourcing and community initiatives.

Key Financials
Revenue
$6.15 billion
EBITDA
$566 million
Underlying Profit
$232 million
Net Profit
$160 million
Quarterly Revenue
$3.1 billion
Quarterly EBITDA
$307 million
Quarterly Underlying Profit
$144 million
Quarterly Net Profit
$106 million
Net Debt
$258 million
Interest-Bearing Debt
$3.37 billion
Current Ratio
1.4x
Debt to Total Equity
0.61x
Net Debt over EBITDA
0.22x
EBITDA over Interest
5.11x
Upstream Revenue
$1.2 billion
Upstream EBITDA
$320 million
Upstream EBITDA Margin
27.1%
CPO Price
$1,090 per tonne
Net CPO Price (after taxes/levies)
$900 per tonne
Fruit Production
10% increase
Fruit Yield
9% increase
Total Palm Product Output
1.3 million tonnes
Oil Extraction Rate
20.7%
Kernel Extraction Rate
5.5%
Palm Product Yield
2.3 tonnes per hectare
Replanted Area
6,000 hectares (H1), 20,000 hectares (full-year target)
Downstream Revenue
over $6 billion
Downstream EBITDA Margin
4%
Downstream Sales Volume
decreased by 2%
Capital Expenditure Budget
$350 million
Other Earnings Calls

Management

Mr. Franky Oesman Widjaja
Chairman & CEO
No Bio Available
Mr. Muktar Widjaja
President & Executive Director
No Bio Available
Mr. Rafael Buhay Concepcion Jr.
CFO & Executive Director
No Bio Available
Mr. Anthony Lee Kettinger
Chief Operating Officer
No Bio Available
Khoo Kok Yeow
Chief Information Officer
No Bio Available
Mr. Richard Fung Ph.D.
Director of Investor Relations
No Bio Available
Mr. Pedy Harianto
Head of Controllership & Compliance and Chief Human Resources Officer
No Bio Available
Ms. Anita Neville
Chief Sustainability & Communications Officer
No Bio Available
Mr. Paul John Hickman
Head of Downstream Operations
No Bio Available
Chen Sau Hua
Deputy Chief Financial Officer
No Bio Available

Contacts

Address
Singapore
108 Pasir Panjang Road #06-00, Golden Agri Plaza
Contacts