Golden Agri-Resources Ltd ($GAR) reported a record high full-year revenue of nearly US$13 billion, representing a 19% year-on-year increase, driven by appreciation in market prices and volume expansion. The company’s EBITDA for the year grew by 14% to reach US$1.26 billion, supported by an improved second-half performance, with the Board proposing an 18% increase in the final dividend to 0.952 Singapore cents per share.
The strong performance is attributed to the company’s effective management of market conditions, including fluctuations in palm oil prices and global demand. As a leading palm oil producer, $GAR has been able to capitalize on the growing demand for sustainable and responsibly sourced palm oil, with its Golden Agri-Resources brand being a major player in the industry. The company’s focus on sustainable practices and environmental stewardship has also contributed to its success, with investors increasingly prioritizing ESG considerations.
The full-year results demonstrate the company’s ability to navigate challenging market conditions, with $GAR’s diversified portfolio and strategic investments helping to mitigate risks. The proposed increase in the final dividend reflects the company’s confidence in its future prospects, with the agriculture sector expected to continue growing in the coming years. As a major Singapore-listed company, $GAR’s performance is closely watched by investors and industry analysts, with its results having implications for the broader commodities market.
The company’s improved second-half performance was driven by a combination of factors, including higher palm oil prices and increased sales volumes. The palm oil industry has been subject to significant fluctuations in recent years, with $GAR’s ability to adapt to changing market conditions a key factor in its success. As the company looks to the future, it is well-positioned to capitalize on growing demand for sustainable and responsibly sourced palm oil, with its sustainability initiatives a major focus area.
| Metric | 2025 | 2024 |
|---|---|---|
| Revenue (US$ billion) | 12.96 | 10.89 |
| EBITDA (US$ billion) | 1.26 | 1.11 |
| Final Dividend (Singapore cents per share) | 0.952 | 0.806 |
Looking ahead, $GAR is expected to continue its growth trajectory, with the company’s focus on sustainability and environmental stewardship likely to drive long-term value creation. As the agriculture sector continues to evolve, $GAR is well-positioned to capitalize on emerging trends and opportunities, with its strong performance in 2025 a testament to its ability to navigate challenging market conditions.
⚡ Why it matters: Golden Agri-Resources’ strong performance in 2025 demonstrates the company’s ability to navigate challenging market conditions and capitalize on growing demand for sustainable and responsibly sourced palm oil. The company’s focus on sustainability and environmental stewardship is likely to drive long-term value creation, with implications for the broader commodities market.
📊 By the numbers:
Revenue: US$12.96 billion (2025), US$10.89 billion (2024)
EBITDA: US$1.26 billion (2025), US$1.11 billion (2024)
Final Dividend: 0.952 Singapore cents per share (2025), 0.806 Singapore cents per share (2024)
🔗 Source: PRNewswire*