Singapore's Olam Group H1 revenue falls 18.3% dragged by lower input prices in ofi

Olam

14/08/2026 24:12

Overview
Singapore food and agri-business's H1 2026 revenue declined 18.3% yr/yr
EBIT for H1 2026 fell 34.2% yr/yr, impacted by lower input prices and volumes
PATMI surged 488.7% yr/yr due to S$1.75 bln one-off gain from divestments

Outlook
Company expects global economic uncertainty to impact demand and supply chains in 2026
ofi targets low- to mid-single digit volume growth and high single-digit EBIT growth medium term
OGH is monitoring global environment for adverse changes such as escalation of Middle East war

Result Drivers
LOWER INPUT PRICES - Revenue declined mainly due to lower input prices in ofi, especially cocoa and coffee, with the impact passed through to customers
LOWER VOLUMES - Lower sales volumes in OGH contributed to revenue and EBIT declines, with the closure of Jiva and lower OPG sales noted
ABSENCE OF FX GAINS - EBIT was lower year-on-year due to the absence of significant non-cash foreign exchange revaluation gains recorded in H1 2025

Company press release: ID:nSN5GvWGc

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$12.47 bln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Olam Group Ltd is S$1.60, about 23.1% above its August 13 closing price of S$1.30

Reuters Recommended Reads
Aug 12 - Wilmar posts higher HY profit on strong growth, flags uncertain operating environment
Aug 13 - Ghana's cocoa farmers push back against new law on land use
Aug 13 - Singapore's Halcyon Agri H1 loss narrows as costs drop; revenue hit by weak demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)