Wilmar International ( (WLMIF) ) has released its Q1 earnings. Here is a breakdown of the information Wilmar International presented to its investors.
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Wilmar International Limited is a leading agribusiness group based in Singapore, primarily engaged in the production and trading of food products, feed and industrial products, and plantation and sugar milling. The company is known for its extensive network and operations across Asia, Africa, and other regions.
In its latest earnings report for the first quarter of 2025, Wilmar International reported a solid financial performance with notable growth in revenue and net profit. The company achieved a revenue of US$16.2 billion, marking a 3.3% increase from the previous year, and a net profit of US$343.9 million, reflecting a 13.5% rise.
Key financial metrics highlighted in the report include a 4.4% increase in core net profit, driven by improved performance in the Food Products and Plantation and Sugar Milling segments. The company also benefited from higher contributions from its associates and joint ventures, particularly in China, India, and Southeast Asia. Despite challenges in the tropical oils business, Wilmar’s operating cash flows before working capital changes surged by 47.9% to US$948 million.
The company’s balance sheet showed a reduction in net debt by 9.6% to US$16.85 billion, with an improved net gearing ratio of 0.83x. Wilmar’s strong cash flow generation and reduced working capital requirements contributed to this positive financial position.
Looking ahead, Wilmar International remains cautiously optimistic, acknowledging the uncertain global economic environment and potential volatility from new tariffs. However, the company expects to maintain satisfactory results due to its diversified and resilient business model, which is well-positioned to navigate challenging conditions.
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