Business
GAR Profits Surge in Competitive Market Environment During the First Quarter of 2025
Golden Agri-Resources Ltd ("GAR" or the "Company") continued to improve its financial performance in the first quarter of 2025, driven by increased plantation output and appreciation in crude palm oil (CPO) prices. CPO market prices (FOB Belawan) for the quarter averaged US$1,156 per tonne, up 27% from the same period last year. This supported a 19% growth in revenue to US$3.04 billion, offsetting a dip in sales volume during this period.
About this update from Golden Agri-resources Ltd
[{"type":"list","items":[{"val":[{"type":"text","content":"Net profit for the quarter surged by 47% year-on-year to US$55 million.","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Growth in plantation output helped to offset softer downstream performance, resulting in a first quarter 2025 EBITDA margin of over 8.5%.","length":137,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":208,"olType":false},{"type":"text","content":"SINGAPORE, May 15, 2025 /PRNewswire/ -- Golden Agri-Resources Ltd ("GAR" or the "Company") continued to improve its financial performance in the first quarter of 2025, driven by increased plantation output and appreciation in crude palm oil (CPO) prices. CPO market prices (FOB Belawan) for the quarter averaged US$1,156 per tonne, up 27% from the same period last year. This supported a 19% growth in revenue to US$3.04 billion, offsetting a dip in sales volume during this period.","length":517,"tagName":"p"},{"type":"image","alt":"GAR's profits for Q1 2025 surged on increased plantation output higher CPO prices (PRNewsfoto/Golden Agri-Resources)","displaySize":"","headline":null,"caption":"GAR's profits for Q1 2025 surged on increased plantation output higher CPO prices (PRNewsfoto/Golden Agri-Resources)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":218,"url":"https://media.zenfs.com/en/prnewswire.com/d98ea861969ebf3ab901d25e193643e3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1HhSUCBQCpApYlwB_h5mjg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM4NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/d98ea861969ebf3ab901d25e193643e3","width":400,"height":218}},"href":"https://mma.prnewswire.com/media/2687195/GAR_q1_2025_financial_highlights.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"EBITDA for the first quarter of 2025 grew by 12% year-on-year, reaching US$259 million, while maintaining a steady margin of 8.5%. Underlying profit increased by US$10 million from the previous year to reach US$89 million. Combined with a reduction in foreign exchange loss, net profit surged by 47%, totalling US$55 million.","length":325,"tagName":"p"},{"type":"text","content":"The continued recovery in palm production was a key driver of GAR's first quarter results, mitigating softer downstream performance due to lower merch...