Wilmar International Limited · SGX:F34
Wilmar International — H1 2026 Earnings Presentation
17 slides from Wilmar International's earnings presentation, Aug 12, 2026
Slide 1: Wilmar International Limited 1H2026 Results Briefing
WILMAR INTERNATIONAL LIMITED 1H2026 Results Briefing August 12, 2026
Slide 2: Important Notice
IMPORTANT NOTICE IMPORTANT NOTICE Information in this presentation may contain projections and forward looking statements that reflect the Company’s current views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risks
Slide 3: 1H2026 Financial Performance – Key Takeaways
1H2026 Financial Performance – Key Takeaways
Slide 4: Earnings Highlights
Earnings Highlights 1H2026 vs 1H2025 (US$m) Revenue 38,560 17% EBITDA 2,216 11% Profit Before Tax 1,058 13% Net Profit 609 2% Core Net Profit 642 10% Earnings per share 9.7 2% in US cents (fully diluted) Dividends per share 5.0 25% in Singapore cents 3
Slide 5: Earnings Highlights – Segment Results (PBT US$m)
Earnings Highlights – Segment Results (PBT US$m) 1H2026 1H2025 ∆ Food Products 304.6 195.7 56% Feed and Industrial Products 591.0 381.6 55% Plantation and Sugar Milling 137.7 202.0 -32% Others (60.0) (16.8) (>100%) Joint Ventures & Associates 113.5 196.5 -42% Unallocated# (28.8) (21.3) -36% Profit B
Slide 6: Sales Volume by Business Segment ('000 MT)
Sales Volume by Business Segment (‘000 MT) 2Q2026 2Q2025 ∆ 1H2026 1H2025 ∆ Food Products 9,116 7,871 16% 19,378 16,264 19% Consumer Products 2,419 1,802 34% 6,043 4,312 40% Medium Pack and Bulk 6,697 6,069 10% 13,335 11,952 12% Feed and Industrial Products 16,440 17,447 -6% 32,328 31,675 2% Tropical
Slide 7: Business Segment results: Food Products (Consumer Products, Medium Pack and Bulk)
Business Segment results: Food Products (Consumer Products, Medium Pack and Bulk) Business Segment results: Food Products (Consumer Products, Medium Pack and Bulk) 1H2026 1H2025 ∆ Revenue (US$ million) 19,363.3 14,321.8 35% ➢ Consumer Products 7,921.7 5,417.9 46% ➢ Medium Pack and Bulk 11,441.6 8,90
Slide 8: Business Segment results: Feed and Industrial Products
Business Segment results: Feed and Industrial Products (Tropical Oils, Oilseeds and Grains and Sugar) Business Segment results: Feed and Industrial Products (Tropical Oils, Oilseeds and Grains and Sugar) 1H2026 1H2025 ∆ Revenue (US$ million) 20,726.7 20,273.2 2% ➢ Tropical Oils 13,215.9 12,902.1 2%
Slide 9: Business Segment results: Plantation and Sugar Milling
Business Segment results: Plantation and Sugar Milling Business Segment results: Plantation and Sugar Milling 1H2026 1H2025 ∆ Revenue (US$ million) 1,608.2 1,528.5 5% ➢ Oil Palm Plantation 1,135.8 1,106.8 3% ➢ Sugar Milling 472.4 421.7 12% Sales volume (‘000 MT)# 954 874 9% ➢ Sugar Milling Profit be
Slide 10: Plantation and Sugar Milling (Oil Palm Plantation Statistics)
Business Segment results: Plantation and Sugar Milling (Oil Palm Plantation Statistics) Business Segment results: Plantation and Sugar Milling (Oil Palm Plantation Statistics) 1H2026 1H2025 ∆ FY2025 Planted area (ha) 227,155 229,765 -1% 234,334 Mature area harvested (ha) 205,766 208,483 -1% 209,346
Slide 11: Plantation Age Profile
Plantation Age Profile Plantation Age Profile in hectares Average Age of Plantation 30 June 2026 0 - 3 yrs 4 - 6 yrs 7 - 14 yrs 15 - 18 yrs >18 yrs Total Indonesia 11,046 10,315 32,481 22,011 72,622 148,475 Malaysia 7,592 7,066 30,658 2,533 10,844 58,693 Africa - - 17,277 788 1,922 19,987 Total plan
Slide 12: Non-Operating Items
Non-Operating Items Non-Operating Items US$ million 1H2026 1H2025 FY2025 Foreign exchange (loss)/gain in respect of intercompany loans to subsidiaries (8.6) 0.1 (11.2) Net fair value (loss)/gain on investment securities at fair value through profit (21.3) 16.8 48.3 or loss Gain on disposal of invest
Slide 13: Cash Flow
Cash Flow Cash Flow US$ million 1H2026 1H2025 FY2025 Operating cash flow before working capital changes 2,089 1,829 2,791 Add/(less): Changes in working capital, interest received/(paid) (1,567) (72) (429) and income taxes paid Acquisition of subsidiaries, joint ventures and (95) (20) (448) associat
Slide 14: Cash Flow – Cont.
Cash Flow – Cont. • Inventories increased by 3% to US$15.09 billion as of 30 June 2026, mainly due to higher palm and soybean commodity prices during the period. Inventory turnover improved marginally to 71 days. • Trade receivables decreased by 2% to US$7.19 billion as of 30 June 2026, mainly due t
Slide 15: Gearing
Gearing Gearing US$ million As at As at Jun 30, 2026 Dec 31, 2025 Debt/Equity (x) 0.93 0.91 - Net debt* 20,665 19,958 - Shareholders’ funds 22,200 21,865 Adjusted debt/Equity (x) 0.33 0.34 - Liquid working capital** 13,334 12,615 - Adjusted net debt 7,331 7,343 - EBITDA*** 4,483 4,270 Net debt/EBITD
Slide 16: Key Indicators
Key Indicators Key Indicators As at As at Jun 30, 2026 Dec 31, 2025 Return on Average Equity*,# 6.5% 6.8% Return on Invested Capital*,# 4.9% 4.9% in US cents EPS (fully diluted) 9.7 22.6 NAV per share 355.6 350.3 in Singapore cents Dividends (interim & final) 5.0** 14.0 * Jun 2026 returns based on L
Slide 17: Business Outlook
Business Outlook Business Outlook • Despite geopolitical uncertainties arising from the ongoing Iran conflict which resulted in heightened volatility across commodity markets during the current period, the Group delivered an improved set of results compared to 1H2025, reflecting the underlying stren