Higher soybean crushing and palm oil margins support Wilmar’s profit
Asian agribusiness Wilmar International increased its core net profit by 9.9% y/y in the first half of 2026 to $641.5 mln. The improvement was supported by stronger tropical oil refining margins and higher soybean crushing volumes.
Pre-tax profit rose by 12.8% to $1.06 bln, while revenue increased by 17.2% to $38.56 bln. Wilmar attributed the revenue growth partly to the consolidation of AWL Agri Business and higher selling prices across most product categories.
In the oilseeds and grains segment, stronger feed demand in China supported higher soybean crushing. Sales volumes increased by 6.1% to 14.9 mln tons, while revenue from oilseeds and grains rose by 16% to $5.58 bln.
Wilmar’s Feed and Industrial Products division, which includes tropical oils, oilseeds, grains and sugar, increased pre-tax profit by 54.9% to $591 mln. Tropical oil sales volumes rose by 1% to 12.7 mln tons.
At the same time, palm oil production in Indonesia declined. Crude palm oil output fell by 4% to around 716 thsd tons, while fresh fruit bunch production dropped by 6.2% to 1.92 mln tons. Despite lower output, higher palm oil prices supported revenue from the plantation business.
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