Wilmar International

Strategic Intent

Wilmar International operates as a globally integrated agribusiness group encompassing the entire value chain of agricultural commodities, from cultivation and milling to processing, branding, and distribution of edible oils, sugar, flour, and animal feeds.

Key Market Signals

• 2026-03: Indonesian unit head sentenced for bribing judges in export permit case.
• 2025-11: China subsidiary Yihai Guangzhou found guilty of contractual fraud involving state-owned importer.
• 2025-09: Indonesian Supreme Court orders forfeiture of 11.8 trillion rupiah (~US$712M) security deposit.
• 2025-03: SBTi validates Wilmar's near-term and net-zero emission reduction targets.
• 2024-05: 13th Sustainability Report published with verified Scope 1, 2, and 3 emissions data.

Financial Health

• FY2025 revenue reached US$70.4 billion, a 4.5% increase year-on-year (Source: https://www.theedgesingapore.com/capital/results/wilmar-internationals-fy2025-earnings-reached-us14-bil-one-offs-result-net-gain-us1038-mil)
• FY2025 net income reported at US$1.41 billion, up 20.6% from the prior year (Source: https://simplywall.st/stocks/sg/food-beverage-tobacco/sgx-f34/wilmar-international-shares/news/did-wilmars-stronger-2025-revenue-and-profit-growth-just-shift-its-sgxf34-investment-narrative)
• 1H2025 revenue reported at US$32.89 billion with a net profit of US$594.9 million (Source: https://www.itiger.com/news/wilmar-international-reports-6-revenue-growth-and-3-net-profit-increase-in-1h2025-eps-up-2-2-1234567)

Impact & Compliance

Legal & Risks

Wilmar faces significant legal and regulatory risks following 2025/2026 court rulings in Indonesia and China involving corruption, bribery, and contractual fraud, resulting in penalties and forfeitures exceeding US$1 billion.

Forensic Audit — 4 findings

• Forfeiture of 11.8 trillion rupiah (approx. US$712M) to the Indonesian state following corruption conviction
• RM1.1 billion (1.88 billion yuan) compensation order in China for contractual fraud in 2025
• Ranked 21/100 in 2026 KnowTheChain benchmark for efforts to tackle forced labour risks

+ 1 more findings

Classifications

Proprietary Analysis