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Wilmar profit rises to $1.06 billion in first half as volumes improve
Revenue climbed 17% to $38.56 billion for the six months ended June 30, supported by AWL Agri Business consolidation and higher selling prices.
Wilmar International Ltd. reported first-half 2026 pre-tax profit of $1.06 billion, up 13% year over year, as stronger results in its Feed and Industrial Products and Food Products segments helped offset weaker performance in plantation and sugar milling.
According to World Grain, for the six months ended June 30, overall revenue rose 17% to $38.56 billion and core net profit increased 10% to $641.5 million. The company said the revenue improvement was driven largely by the consolidation of AWL Agri Business Ltd. from December 2025, a gain recognized on the disposal of joint ventures in China, and improved sales volumes and selling prices across most products.
The Feed and Industrial Products segment, which covers tropical oils, oilseeds and grains, and sugar, delivered a 55% jump in pre-tax profit to $591 million. Within that unit, World Grain noted higher tropical oils refining margins and improved oilseeds and grains activity, with soybean crushing supported by rising feed demand in China, lifting sales volume for the oilseeds and grains business by 6% to 14.9 million tonnes.
Wilmar also said Food Products pre-tax profit rose 56% to $304.6 million, while its Plantation and Sugar Milling segment fell 32% to $137.7 million. In discussing the outlook, World Grain reported chairman and chief executive Kuok Khoon Hong cited ongoing geopolitical uncertainties tied to the Iran conflict as a factor that is expected to keep influencing the second half of 2026 via heightened commodity market volatility.
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