Olam Group Limited has announced a remarkable 573.2% increase in profit after tax and minority interests (PATMI) for the first half of 2025, reaching S$323.8 million. This substantial growth, compared to the same period last year, has prompted the company to declare an interim dividend of 2.0 pence per share.
The group’s financial performance was bolstered by a 49.8% rise in sales of goods and services, totalling S$15.3 billion. This surge in revenue was accompanied by a notable net gain from changes in the fair value of biological assets, which increased by 72.1% to S$82.7 million. Despite a 57.4% rise in direct operating expenses, the company’s profit before tax reached S$153.6 million, a significant turnaround from a loss of S$128.7 million in the previous year.
The profit from discontinuing operations, net of tax, also contributed positively, increasing by 3.7% to S$223 million. This was part of a broader strategy to streamline operations and focus on core business areas. The comprehensive income for the period, however, showed a slight loss of S$3.4 million, largely due to foreign currency translation adjustments.
Olam Group’s strong financial results reflect its strategic initiatives and market conditions. The interim dividend declaration underscores the company’s confidence in its ongoing performance and commitment to delivering shareholder value. As the company continues to navigate the complexities of the global market, these results set a positive tone for the remainder of the year.
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