Olam Group Limited has announced the closure of Jiva Ag, its digital farmer services platform, as part of its Updated 2025 Re-organisation Plan. The decision, revealed on 28 August 2025, will affect 606 employees across Singapore, Indonesia, India, and Australia. The move is intended to conserve cash and reduce debt within the Remaining Olam Group.
The closure aligns with Olam Group’s strategy to make its balance sheet debt-free and self-sustaining by responsibly divesting assets over time. The company cited challenging market conditions and the ongoing investment required to sustain Jiva Ag as key reasons for the closure. Affected employees will be offered redeployment opportunities within the Group or severance packages in accordance with local regulations, along with outplacement services and access to the Group’s employee assistance programme.
Financially, Olam Group reported a loss of S$13.2m in H1 2025 due to the impairment of intangible assets, primarily linked to Jiva Ag. The Group anticipates one-off costs of up to $9m related to the closure, which will be reflected in its H2 2025 financial results. These costs are not expected to significantly impact the Group’s overall financial performance for the year.
The intellectual property associated with Jiva Ag will remain with Olam Group or one of its subsidiaries. The Group remains committed to its re-organisation plan, aiming to strengthen its financial position and unlock shareholder value.
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