17 slides from First Resources Ltd. (singapore)'s earnings presentation, Aug 14, 2026
Slide 1: First Resources Limited Half Year 2026 Results Presentation
First Resources Limited Half Year ended 30 June 2026 Results Presentation 14 August 2026 Delivering Growth and Returns
Slide 2: Table of Contents
Table of Contents Executive Summary 3 Financial Performance 4 Operational Performance 9 Group Updates 14 -2-
Slide 3: Executive Summary – 1H2026
Executive Summary – 1H2026 ◼ Financial Performance ➢ EBITDA grew 31.3% to US$344.4 million ➢ Underlying net profit came in at US$216.2 million, an increase of 42.2% ➢ Stronger financial performance mainly driven by higher production volumes and improved processing margins ➢ Increase in sales volumes
Slide 4: Financial Performance
Financial Performance
Slide 5: Income Statement Highlights
Income Statement Highlights US$’ million 1H2026 1H2025 Change Sales 973.6 673.9 44.5% Cost of sales (564.3) (393.0) 43.6% Gross profit 409.2 280.9 45.7% Gain/(loss) arising from changes in fair value of 24.0 (3.6) n.m. biological assets EBITDA(1) 344.4 262.3 31.3% Net profit(2) 234.9 149.2 57.4% Und
Slide 6: Segmental Results
Segmental Results US$’ million 1H2026 1H2025 Change Sales Plantations and Palm Oil Mills 712.6 560.8 27.1% • Crude Palm Oil 594.1 469.3 26.6% • Palm Kernel 114.2 88.3 29.4% • Fresh Fruit Bunches 4.3 3.2 34.4% Refinery and Processing 858.2 590.3 45.4% Inter-segment elimination (597.2) (477.1) 25.2% 9
Slide 7: Segmental Sales Volume
Segmental Sales Volume 1H2026 1H2025 Change Sales Volume (tonnes) Plantations and Palm Oil Mills(1) • Crude Palm Oil 690,728 537,817 28.4% • Palm Kernel 144,437 120,653 19.7% Refinery and Processing 879,851 656,393 34.0% ▪ The higher sales volumes were supported by ANJ’s production output contributi
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights US$’ million 30 Jun 2026 31 Dec 2025 Total Assets 2,767.7 2,892.6 Cash and bank balances 229.2 292.2 Total Liabilities 1,103.1 1,224.9 Borrowings and debt securities(1) 887.4 954.4 Total Equity 1,664.5 1,667.6 Net Debt(2) 658.3 662.2 Gross gearing ratio 0.53x 0.57x Net geari
Slide 9: Operational Performance
Operational Performance
Slide 10: Production Highlights
Production Highlights 1H2026 1H2025 Change Production FFB harvested (tonnes) 2,234,776 2,027,054 10.2% • Nucleus 1,911,374 1,742,882 9.7% • Plasma 323,402 284,172 13.8% CPO (tonnes) 656,605 554,519 18.4% PK (tonnes) 143,066 122,164 17.1% Efficiency FFB Yield(1) (tonnes/ha) 9.6 9.6(2) CPO Yield(1) (t
Slide 11: Production Trends
Production Trends ‘000 tonnes FFB Production 1,400 1,129 1,159 1,200 992 1,014 1,000 935 916 897 747 751 800 669 600 400 147 150 160 174 189 152 171 200 110 123 124 0 1Q2024 2Q2024 3Q2024 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 FFB Nucleus FFB Plasma ‘000 tonnes 450 CPO Production 386 400 3
Slide 12: Oil Palm Plantation Area
Oil Palm Plantation Area As at 30 Jun 2026 As at 30 Jun 2025 As at 31 Dec 2025 Area (ha) % of Total Area (ha) % of Total Area (ha) Planted Nucleus 232,062 85% 227,989 84% 231,759 - Mature 192,195 70% 202,738 75% 193,198 - Immature 39,867 15% 25,251 9% 38,561 Planted Plasma 41,094 15% 41,723 16% 40,8
Slide 13: Plantation Age Profile
Plantation Age Profile As at 30 Jun 2026 Age profile Age Area (ha) % of Total Immature 0-3 years (Immature) 41,091 15% 15% Old Young 33% 7% 4-7 years (Young) 20,667 7% 8-17 years (Prime) 122,381 45% ≥ 18 years (Old) 89,017 33% Prime 45% Total 273,156 100% Weighted average age of 14.3 years - 13 -
Slide 14: Group Updates
Group Updates
Slide 15: Updates
Updates ◼ Outlook ➢ During the second quarter of 2026, new developments relating to Indonesia's palm oil export framework contributed to increased uncertainty and price volatility in the palm oil market. Since the policy was first announced, greater clarity has emerged around its implementation, wit
Slide 16: Disclaimer
Disclaimer This presentation has been prepared by First Resources Limited (“Company”) for informational purposes, and 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 curr
Slide 17: Contact Information
Contact Information If you need further information, please contact: Investor Relations investor@first-resources.com First Resources Limited 8 Temasek Boulevard #41-02 Suntec Tower Three Singapore 038988 Tel: +65 6602 0200 Fax: +65 6333 6711 Website: www.first-resources.com - 17 -