Revenue grew 9% to US$3.4 billion, from US$3.1 billion the quarter before

[SINGAPORE] Palm oil producer   Golden Agri-Resources   : E5H 0% (GAR) posted a 17 per cent quarter-on-quarter rise in net profit for the third quarter ended Sep 30 to US$124 million, from US$106 million.

 

For the nine-month period, net profit rose 29 per cent to US$284 million, from US$220 million the year before.

 

On Thursday (Nov 13), the company attributed its performance to improved plantation output and a 17 per cent rise in crude palm oil prices.

 

Revenue for the third quarter grew 9 per cent to US$3.4 billion, from US$3.1 billion the quarter before. For the nine-month period, revenue increased 21 per cent to US$9.5 billion, from US$7.9 billion in the year-ago period.

 

&ldquo Higher output helped capitalise on the stronger prices, while a modest increase in downstream volume further supported revenue growth,&rdquo GAR said. 

 

It added that foreign exchange gains in the third quarter were recorded at US$8 million, compared to a loss of US$17 million in the previous corresponding period. 

 

The upstream segment contributed to earnings growth, the company said. &ldquo Although merchandising volume has improved since the second quarter, downstream performance remained affected by a competitive market environment.&rdquo

 

Fruit yield for the nine-month period rose 6 per cent year on year, from 12.8 to 13.6 tonnes a hectare, supported by favourable weather conditions. 

 

&ldquo This translated into a total fruit output of 6.7 million tonnes, with a corresponding increase in palm product output of 6 per cent to almost two million tonnes,&rdquo GAR said. 

https://tradingeconomics.com/commodity/palm-oil

Palm Oil fell to 4,445 MYR/T on September 12, 2025, down 0.18% from the previous day. Over the past month, Palm Oil' s price has risen 0.23%, and is up 16.57% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Palm Oil reached an all time high of 7268.00 in March of 2022. Palm Oil - data, forecasts, historical chart - was last updated on September 15 of 2025.