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- GAR's revenue reached a first-half record high of US$6.2 billion, supported by a 19% increase in crude palm oil (CPO) market prices
- 1H 2025 EBITDA grew 14% year-on-year to US$566 million, accompanied by over 56% growth in Net Profit
- Integrated agribusiness model continues to provide security and consistency in spite of changeable market conditions.
SINGAPORE, Aug. 14, 2025 /PRNewswire/ -- Golden Agri-Resources Ltd ("GAR" or the "Company") achieved record high first-half revenue, generating US$6.2 billion, supported by 19% increase in crude palm oil (CPO) market prices (FOB Belawan). Higher plantation output allowed the Company to capitalise on stronger CPO prices, while offsetting reduced sales volumes.
EBITDA for the first half of 2025 grew 14% year-on-year, reaching US$566 million at a margin of 9.2%, driven by higher plantation output and stronger CPO prices. Underlying profit increased by 23% to US$232 million, while net profit was buoyed by lower interest expenses and reduced foreign exchange loss to reach US$160 million, up 56% compared to the same period last year.
Prudent financial management and strong financial results contribute to the Company's healthy balance sheet, reflected by decreases in both gearing ratio and net debt to EBITDA to 0.61 times and 0.22 times respectively.
On the outlook, Mr. Franky O. Widjaja, GAR Chairman and Chief Executive Officer shared: "Favourable weather conditions have helped Indonesian palm oil to continue its recovery in 2025, in line with global vegetable oil supply trends. Although global economic growth is slowing down, we see gradual improvement in palm oil demand, driven by staple food consumption and smooth implementation of the B40 biodiesel policy. Nonetheless, we continue to anticipate factors that may influence price trends and trade flows, including global geopolitical tensions and changing trade tariffs."
SEGMENTAL PERFORMANCE
Plantations and palm oil mills (Upstream)
GAR's yield intensification efforts, coupled with favourable weather conditions, contributed to 9% growth in fresh fruit bunch (FFB) productivity. FFB yield reached 8.8 tonnes per hectare, generating a total of 4.4 million tonnes of FFB. Favourable weather conditions and a higher proportion of mature trees on the Company's estates supported this growth, even as GAR continued to prepare land for replanting. Palm product output also rose by 9% year-on-year to 1.3 million tonnes.
A combination of higher plantation output and appreciation in CPO prices translated to a strong 51% growth in EBITDA for this segment to US$320 million, at a margin of 27%.
Palm, laurics and others (Downstream)
GAR's downstream segment consists of processing and merchandising palm and oilseed-based products including bulk and branded products, oleochemicals, sugar and other vegetable oils.
GAR remained resilient despite competitive market conditions. A 2% dip in sales volume to 5.6 million tonnes was mitigated by robust growth in average selling prices, expanding first-half revenue by 20% to US$6.1 billion.
EBITDA for this segment decreased by 13% to US$246 million, with a lower margin of 4% as a result of weaker refining margins. GAR continues to strengthen its competitive edge by enhancing the value proposition of its products and maintaining strong relationships with destination customers to optimise margins.
ADVANCING SUSTAINABILITY AMBITIONS
GAR's value offering is underpinned by robust commitments to responsible sourcing and production. In the first half of 2025, the Company announced the evolution of its sustainability commitments, Collective for Impact, which embeds ESG into core business operations. Under the pillars of Sourcing Responsibly, Caring for Our Planet, and Empowering People, GAR has established time-bound, science-based targets to achieve these goals. Progress is reported in the Company's annual Sustainability Report.
Notable progress in the first half of this year includes publication of a new Responsible Agri-Commodity Sourcing Policy covering commodities beyond palm. Additionally, GAR has deepened its partnership efforts to enhance social and environmental impact, extending community programmes to improve food security, stunting prevention, and early childhood education in its operational areas, and enhancing research into climate resilience.
- GAR's revenue reached a first-half record high of US$6.2 billion, supported by a 19% increase in crude palm oil (CPO) market prices
- 1H 2025 EBITDA grew 14% year-on-year to US$566 million, accompanied by over 56% growth in Net Profit
- Integrated agribusiness model continues to provide security and consistency in spite of changeable market conditions.
SINGAPORE, Aug. 14, 2025 /PRNewswire/ -- Golden Agri-Resources Ltd ("GAR" or the "Company") achieved record high first-half revenue, generating US$6.2 billion, supported by 19% increase in crude palm oil (CPO) market prices (FOB Belawan). Higher plantation output allowed the Company to capitalise on stronger CPO prices, while offsetting reduced sales volumes.
EBITDA for the first half of 2025 grew 14% year-on-year, reaching US$566 million at a margin of 9.2%, driven by higher plantation output and stronger CPO prices. Underlying profit increased by 23% to US$232 million, while net profit was buoyed by lower interest expenses and reduced foreign exchange loss to reach US$160 million, up 56% compared to the same period last year.
Prudent financial management and strong financial results contribute to the Company's healthy balance sheet, reflected by decreases in both gearing ratio and net debt to EBITDA to 0.61 times and 0.22 times respectively.
On the outlook, Mr. Franky O. Widjaja, GAR Chairman and Chief Executive Officer shared: "Favourable weather conditions have helped Indonesian palm oil to continue its recovery in 2025, in line with global vegetable oil supply trends. Although global economic growth is slowing down, we see gradual improvement in palm oil demand, driven by staple food consumption and smooth implementation of the B40 biodiesel policy. Nonetheless, we continue to anticipate factors that may influence price trends and trade flows, including global geopolitical tensions and changing trade tariffs."
SEGMENTAL PERFORMANCE
Plantations and palm oil mills (Upstream)
GAR's yield intensification efforts, coupled with favourable weather conditions, contributed to 9% growth in fresh fruit bunch (FFB) productivity. FFB yield reached 8.8 tonnes per hectare, generating a total of 4.4 million tonnes of FFB. Favourable weather conditions and a higher proportion of mature trees on the Company's estates supported this growth, even as GAR continued to prepare land for replanting. Palm product output also rose by 9% year-on-year to 1.3 million tonnes.
A combination of higher plantation output and appreciation in CPO prices translated to a strong 51% growth in EBITDA for this segment to US$320 million, at a margin of 27%.
Palm, laurics and others (Downstream)
GAR's downstream segment consists of processing and merchandising palm and oilseed-based products including bulk and branded products, oleochemicals, sugar and other vegetable oils.
GAR remained resilient despite competitive market conditions. A 2% dip in sales volume to 5.6 million tonnes was mitigated by robust growth in average selling prices, expanding first-half revenue by 20% to US$6.1 billion.
EBITDA for this segment decreased by 13% to US$246 million, with a lower margin of 4% as a result of weaker refining margins. GAR continues to strengthen its competitive edge by enhancing the value proposition of its products and maintaining strong relationships with destination customers to optimise margins.
ADVANCING SUSTAINABILITY AMBITIONS
GAR's value offering is underpinned by robust commitments to responsible sourcing and production. In the first half of 2025, the Company announced the evolution of its sustainability commitments, Collective for Impact, which embeds ESG into core business operations. Under the pillars of Sourcing Responsibly, Caring for Our Planet, and Empowering People, GAR has established time-bound, science-based targets to achieve these goals. Progress is reported in the Company's annual Sustainability Report.
Notable progress in the first half of this year includes publication of a new Responsible Agri-Commodity Sourcing Policy covering commodities beyond palm. Additionally, GAR has deepened its partnership efforts to enhance social and environmental impact, extending community programmes to improve food security, stunting prevention, and early childhood education in its operational areas, and enhancing research into climate resilience.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
GAR Reaches Record High First-Half Revenue, Standing Firm Against Market Headwinds
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PORT MACQUARIE, Australia, Jan. 15, 2026 /PRNewswire/ -- Sungrow, the leading global PV inverter and energy storage system provider, has supported the delivery of a 300kW commercial solar upgrade at Saint Columba Anglican School (SCAS) in Port Macquarie. Delivered in partnership with local installer MNC Solar Power, the project replaced an ageing 100kW system with a high-capacity solar solution designed to reduce electricity costs, improve energy efficiency, and strengthen the school's long-term sustainability commitments.
- Four-Year Payback: Sungrow Delivers Long-Term Solution for SCAS
Schools like SCAS face increasing energy demands and rising electricity costs. As a large educational campus with multiple buildings and high daytime energy demand, SCAS required a scalable and efficient solar solution capable of maximising on-site energy consumption. The upgrade enables the school to significantly offset grid electricity use and achieve long-term operational savings, with an estimated payback period of approximately four years.
"We'll be able to offset the upfront capital costs within around four years. That means ongoing savings for the school, which helps take pressure off our operating expenses and allows us to continue delivering a great education for our students without rising electricity costs," said Steve Mitchell, Business Manager, Saint Columba Anglican School.
- Sungrow Technology Leads with Intelligent, Distance–Free Solar Networking
The newly installed system integrates three Sungrow 110 kW commercial inverters with 708 high–efficiency Canadian Solar 440 W panels.
"While using Modbus as the protocol, the system employs a logger-based wireless casading technology, the inverters will be connected via the school's existing wireless network, enabling intelligent load sharing across multiple buildings without the distance limitations or complexity of traditional cabling." said Young, Technical Service Manager, Sungrow.
This advanced system architecture enables more than 300 kW of solar generation to be dynamically balanced across distribution boards, ensuring optimal energy utilisation, enhanced system flexibility, and significantly reduced reliance on grid power.
- Real-Time Monitoring and Educational Opportunities for Students
Aside from system flexibility, the upgrade also provides SCAS with real–time energy monitoring through the iSolarCloud platform. Steve Mitchell highlights the immediate benefit: "We've now got data at our fingertips. We can log into the dashboard and see how much electricity the panels are generating, what we're consuming, and what's being exported to the grid." The platform serves as a valuable educational tool, giving students and teachers real–world insights into energy generation and consumption.
- A Seamless and Safe Installation Experience
The successful delivery of the project reflects the strong collaboration between Sungrow and MNC Solar Power, a trusted Mid North Coast installer with more than 30 years of industry experience. Sungrow's direct technical support ensured a smooth and safe installation process during the school holiday period, with no disruptions to school operations.
This project demonstrates how Sungrow's leading commercial inverter solutions, combined with strong local partnerships, can deliver reliable and scalable solar systems for complex environments such as educational campuses. By enabling smarter energy management and real-time performance insights, Sungrow continues to support educational institutions and business in accelerating their transition to clean, efficient, and cost-effective energy.
About MNC Solar Power
MNC Solar Power is a Port Macquarie based solar battery specialist with over 30 years of combined industry experience. Serving Port Macquarie, Taree, and Kempsey, MNC Solar Power understands Mid–North Coast conditions and designs residential and commercial systems for maximum performance and long–term savings. With a strong focus on customer service, MNC Solar Power provides clear guidance from consultation to ongoing support. They install only premium products, including CanadianSolar panels and Sungrow inverters, ensuring durable, high–output systems built to last 20+ years.
About Sungrow
Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of June 2025, Sungrow has installed 870 GW of power electronic converters worldwide. The Company is recognized as the world's most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we're committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com/en.
Media Contact: Luly Wang, luly.wang@sungrow-hq.com
PORT MACQUARIE, Australia, Jan. 15, 2026 /PRNewswire/ -- Sungrow, the leading global PV inverter and energy storage system provider, has supported the delivery of a 300kW commercial solar upgrade at Saint Columba Anglican School (SCAS) in Port Macquarie. Delivered in partnership with local installer MNC Solar Power, the project replaced an ageing 100kW system with a high-capacity solar solution designed to reduce electricity costs, improve energy efficiency, and strengthen the school's long-term sustainability commitments.
- Four-Year Payback: Sungrow Delivers Long-Term Solution for SCAS
Schools like SCAS face increasing energy demands and rising electricity costs. As a large educational campus with multiple buildings and high daytime energy demand, SCAS required a scalable and efficient solar solution capable of maximising on-site energy consumption. The upgrade enables the school to significantly offset grid electricity use and achieve long-term operational savings, with an estimated payback period of approximately four years.
"We'll be able to offset the upfront capital costs within around four years. That means ongoing savings for the school, which helps take pressure off our operating expenses and allows us to continue delivering a great education for our students without rising electricity costs," said Steve Mitchell, Business Manager, Saint Columba Anglican School.
- Sungrow Technology Leads with Intelligent, Distance–Free Solar Networking
The newly installed system integrates three Sungrow 110 kW commercial inverters with 708 high–efficiency Canadian Solar 440 W panels.
"While using Modbus as the protocol, the system employs a logger-based wireless casading technology, the inverters will be connected via the school's existing wireless network, enabling intelligent load sharing across multiple buildings without the distance limitations or complexity of traditional cabling." said Young, Technical Service Manager, Sungrow.
This advanced system architecture enables more than 300 kW of solar generation to be dynamically balanced across distribution boards, ensuring optimal energy utilisation, enhanced system flexibility, and significantly reduced reliance on grid power.
- Real-Time Monitoring and Educational Opportunities for Students
Aside from system flexibility, the upgrade also provides SCAS with real–time energy monitoring through the iSolarCloud platform. Steve Mitchell highlights the immediate benefit: "We've now got data at our fingertips. We can log into the dashboard and see how much electricity the panels are generating, what we're consuming, and what's being exported to the grid." The platform serves as a valuable educational tool, giving students and teachers real–world insights into energy generation and consumption.
- A Seamless and Safe Installation Experience
The successful delivery of the project reflects the strong collaboration between Sungrow and MNC Solar Power, a trusted Mid North Coast installer with more than 30 years of industry experience. Sungrow's direct technical support ensured a smooth and safe installation process during the school holiday period, with no disruptions to school operations.
This project demonstrates how Sungrow's leading commercial inverter solutions, combined with strong local partnerships, can deliver reliable and scalable solar systems for complex environments such as educational campuses. By enabling smarter energy management and real-time performance insights, Sungrow continues to support educational institutions and business in accelerating their transition to clean, efficient, and cost-effective energy.
About MNC Solar Power
MNC Solar Power is a Port Macquarie based solar battery specialist with over 30 years of combined industry experience. Serving Port Macquarie, Taree, and Kempsey, MNC Solar Power understands Mid–North Coast conditions and designs residential and commercial systems for maximum performance and long–term savings. With a strong focus on customer service, MNC Solar Power provides clear guidance from consultation to ongoing support. They install only premium products, including CanadianSolar panels and Sungrow inverters, ensuring durable, high–output systems built to last 20+ years.
About Sungrow
Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of June 2025, Sungrow has installed 870 GW of power electronic converters worldwide. The Company is recognized as the world's most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we're committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com/en.
Media Contact: Luly Wang, luly.wang@sungrow-hq.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Advancing Sustainable Education at Saint Columba Anglican School with Sungrow
Advancing Sustainable Education at Saint Columba Anglican School with Sungrow
