Wilmar International Q3 core net profit down 25% on higher raw material costs

Wilmar International

28/10/2026 09:52

Overview
Singapore agribusiness firm's Q3 revenue rose 13.6% yr/yr
Core net profit for Q3 declined 25% yr/yr
Company results impacted by higher raw material costs and weaker soybean margins

Outlook
Company expects operating environment to remain challenging due to commodity price volatility
Wilmar expects core business performance to remain resilient for the rest of the yr
Company is cautiously optimistic performance for rest of yr will be satisfactory

Result Drivers
HIGHER RAW MATERIAL COSTS - Co said increased raw material costs weighed on Food Products segment results
WEAKER SOYBEAN MARGINS - Co said Feed & Industrial Products segment was affected by weaker soybean crushing margins
AWL CONSOLIDATION - Co attributed Food Products sales volume growth to consolidation of AWL Agri Business Limited

Company press release: ID:nSN6Xdzhh

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$21.66 bln
 
Q3 Core Net Income
 
$267.27 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Wilmar International Limited is S$3.80, about 16.9% above its October 27 closing price of S$3.25
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

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(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.)