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- Company builds on first half performance to reach record nine-month revenue of US$9.53 billion, up 21% year-on-year
- Higher plantation output helped the Company capitalise on CPO price increase
- EBITDA for the first nine months of 2025 rose by 16% to US$882 million, with recovery in downstream merchandising volume complementing upstream performance.
SINGAPORE, Nov. 13, 2025 /PRNewswire/ -- Golden Agri-Resources Ltd ("GAR" or the "Company") continued its run of record-high revenue for a second consecutive quarter, recording US$9.53 billion for the nine-month period of 2025. Higher plantation output helped the Company capitalise on a 17% rise in crude palm oil ("CPO") prices (FOB Belawan), while a modest increase in downstream volume further supported revenue growth.
Nine-month EBITDA grew by 16% to reach US$882 million, preserving a healthy margin of 9.3%. Foreign exchange loss increased from US$2 million in the same period last year to US$15 million. Net profit remained strong, growing by 29% to reach US$284 million.
GAR's balance sheet has also been strengthened, with an improved gearing ratio of 0.56 times and a much lower net debt to EBITDA ratio of 0.10 times.
On the outlook, Mr. Franky O. Widjaja, GAR Chairman and Chief Executive Officer commented: "Vegetable oil industry fundamentals remain robust, driven by steady and rising global demand. Limitations in supply growth capability, often compounded by unfavourable weather conditions, present ongoing challenges to meeting this demand. For palm oil, short- and medium-term supply growth has been constrained by ageing plantations and replanting activity which provide support to CPO prices. The market is also paying close attention to any changes in biofuel blending mandates across the world. Any shifts in trade, energy, and sustainability policies, coupled with geopolitical tensions, will have significant ripple effects on market dynamics, causing price volatility."
Operational Highlights
GAR has continued replanting its old estates as part of the Company's long-term yield improvement initiative. As a result, GAR's planted area as of 30 September 2025 declined slightly to around 531,000 hectares, of which 491,000 hectares were mature. Nucleus and plasma estates made up 414,000 and 117,000 hectares of this area, respectively.
Fruit yield for the nine months of 2025 rose by 6% year on year from 12.8 to 13.6 tonnes per hectare supported by favourable weather conditions. This translated into a total fruit output of 6.7 million tonnes, with a corresponding increase in palm product output of 6% to almost 2.0 million tonnes.
The Company's downstream business continued to make progress amidst a volatile global economic environment. While competitive market conditions have constrained downstream performance, GAR's merchandising volumes have continued to rise over the last two quarters, resulting in increased sales volume for the nine-month period.
The Company will continue to strengthen its competitive edge through value-added products tailored to customer demands for functionality, quality and sustainability; anticipating factors that may influence price trends and trade flows while continuing to deliver on its commitments to responsible production.
Investment in Sustainability
GAR continues to advance its sustainability ambitions under the Company's Collective for Impact commitments. GAR has commissioned three new methane capture plants at its mills in 2025, targeting annual CO₂e reductions of 150,000 tonnes from its Scope 1 emissions.
The Company has surpassed 2025 targets for its flagship independent smallholder programme Sawit Terampil, reaching 11,000 farmers by the end of September 2025. The programme helps smallholders to improve productivity, meet regulatory requirements, and access sustainable markets through recognised sustainability certification schemes. Almost 300 participants were awarded Roundtable on Sustainable Palm Oil certification at the organisation's recent Roundtable Conference, bringing the total number of smallholders certified to 800.
At the recent Asia Sustainability Reporting Awards, GAR's commitment to transparency and quality reporting was recognised with the Platinum Award for Supply Chain Reporting and the Bronze Award for Environmental Impact Reporting. These recognitions reaffirm GAR's dedication to transparent and credible sustainability disclosures aligned with leading reporting standards.
About Golden Agri-Resources Ltd (GAR)
GAR is a leading fully-integrated agribusiness company. In Indonesia, it manages an oil palm plantation area of approximately 531,000 hectares (including plasma smallholders) as of 30 September 2025. It has integrated operations focused on the technology-driven production and distribution of an extensive portfolio of palm-based products throughout its established international marketing network.
Founded in 1996, GAR was listed on the Singapore Exchange in 1999 and has a market capitalisation of US$2.9 billion as of 30 September 2025. Flambo International Limited, an investment company, is GAR's largest shareholder, with a 50.56% stake. In addition, GAR's subsidiary, PT SMART Tbk was listed on the Indonesia Stock Exchange in 1992.
As an integrated agribusiness, GAR delivers an efficient end-to-end supply chain, from responsible production to global delivery. In Indonesia, its primary activities include cultivating and harvesting oil palm trees; the processing of fresh fruit bunch into crude palm oil (CPO) and palm kernel; refining CPO into value-added products such as cooking oil, margarine, shortening, biodiesel and oleo-chemicals; as well as merchandising palm products globally.
GAR's products are delivered to a diversified customer base in over 110 countries through its global distribution network with shipping and logistics capabilities, destination marketing, on-shore refining and ex-tank operations. GAR also has complementary businesses such as soybean-based products in China, sunflower-based products in India, and sugar businesses.
- Company builds on first half performance to reach record nine-month revenue of US$9.53 billion, up 21% year-on-year
- Higher plantation output helped the Company capitalise on CPO price increase
- EBITDA for the first nine months of 2025 rose by 16% to US$882 million, with recovery in downstream merchandising volume complementing upstream performance.
SINGAPORE, Nov. 13, 2025 /PRNewswire/ -- Golden Agri-Resources Ltd ("GAR" or the "Company") continued its run of record-high revenue for a second consecutive quarter, recording US$9.53 billion for the nine-month period of 2025. Higher plantation output helped the Company capitalise on a 17% rise in crude palm oil ("CPO") prices (FOB Belawan), while a modest increase in downstream volume further supported revenue growth.
Nine-month EBITDA grew by 16% to reach US$882 million, preserving a healthy margin of 9.3%. Foreign exchange loss increased from US$2 million in the same period last year to US$15 million. Net profit remained strong, growing by 29% to reach US$284 million.
GAR's balance sheet has also been strengthened, with an improved gearing ratio of 0.56 times and a much lower net debt to EBITDA ratio of 0.10 times.
On the outlook, Mr. Franky O. Widjaja, GAR Chairman and Chief Executive Officer commented: "Vegetable oil industry fundamentals remain robust, driven by steady and rising global demand. Limitations in supply growth capability, often compounded by unfavourable weather conditions, present ongoing challenges to meeting this demand. For palm oil, short- and medium-term supply growth has been constrained by ageing plantations and replanting activity which provide support to CPO prices. The market is also paying close attention to any changes in biofuel blending mandates across the world. Any shifts in trade, energy, and sustainability policies, coupled with geopolitical tensions, will have significant ripple effects on market dynamics, causing price volatility."
Operational Highlights
GAR has continued replanting its old estates as part of the Company's long-term yield improvement initiative. As a result, GAR's planted area as of 30 September 2025 declined slightly to around 531,000 hectares, of which 491,000 hectares were mature. Nucleus and plasma estates made up 414,000 and 117,000 hectares of this area, respectively.
Fruit yield for the nine months of 2025 rose by 6% year on year from 12.8 to 13.6 tonnes per hectare supported by favourable weather conditions. This translated into a total fruit output of 6.7 million tonnes, with a corresponding increase in palm product output of 6% to almost 2.0 million tonnes.
The Company's downstream business continued to make progress amidst a volatile global economic environment. While competitive market conditions have constrained downstream performance, GAR's merchandising volumes have continued to rise over the last two quarters, resulting in increased sales volume for the nine-month period.
The Company will continue to strengthen its competitive edge through value-added products tailored to customer demands for functionality, quality and sustainability; anticipating factors that may influence price trends and trade flows while continuing to deliver on its commitments to responsible production.
Investment in Sustainability
GAR continues to advance its sustainability ambitions under the Company's Collective for Impact commitments. GAR has commissioned three new methane capture plants at its mills in 2025, targeting annual CO₂e reductions of 150,000 tonnes from its Scope 1 emissions.
The Company has surpassed 2025 targets for its flagship independent smallholder programme Sawit Terampil, reaching 11,000 farmers by the end of September 2025. The programme helps smallholders to improve productivity, meet regulatory requirements, and access sustainable markets through recognised sustainability certification schemes. Almost 300 participants were awarded Roundtable on Sustainable Palm Oil certification at the organisation's recent Roundtable Conference, bringing the total number of smallholders certified to 800.
At the recent Asia Sustainability Reporting Awards, GAR's commitment to transparency and quality reporting was recognised with the Platinum Award for Supply Chain Reporting and the Bronze Award for Environmental Impact Reporting. These recognitions reaffirm GAR's dedication to transparent and credible sustainability disclosures aligned with leading reporting standards.
About Golden Agri-Resources Ltd (GAR)
GAR is a leading fully-integrated agribusiness company. In Indonesia, it manages an oil palm plantation area of approximately 531,000 hectares (including plasma smallholders) as of 30 September 2025. It has integrated operations focused on the technology-driven production and distribution of an extensive portfolio of palm-based products throughout its established international marketing network.
Founded in 1996, GAR was listed on the Singapore Exchange in 1999 and has a market capitalisation of US$2.9 billion as of 30 September 2025. Flambo International Limited, an investment company, is GAR's largest shareholder, with a 50.56% stake. In addition, GAR's subsidiary, PT SMART Tbk was listed on the Indonesia Stock Exchange in 1992.
As an integrated agribusiness, GAR delivers an efficient end-to-end supply chain, from responsible production to global delivery. In Indonesia, its primary activities include cultivating and harvesting oil palm trees; the processing of fresh fruit bunch into crude palm oil (CPO) and palm kernel; refining CPO into value-added products such as cooking oil, margarine, shortening, biodiesel and oleo-chemicals; as well as merchandising palm products globally.
GAR's products are delivered to a diversified customer base in over 110 countries through its global distribution network with shipping and logistics capabilities, destination marketing, on-shore refining and ex-tank operations. GAR also has complementary businesses such as soybean-based products in China, sunflower-based products in India, and sugar businesses.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
GAR Continues Record-Breaking Financial Results Run With Nine-Month Revenue High
GAR Continues Record-Breaking Financial Results Run With Nine-Month Revenue High
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Two-Day Summit at Rosewood Amsterdam, October 7–8, 2026, to Convene the World's Leading Litigation Funders, Law Firms, General Counsels, and Institutional Investors
AMSTERDAM, April 1, 2026 /PRNewswire/ -- LITFINCON, the global litigation finance conference series created by Silstone Capital, today announced the launch of LITFINCON Europe, a two-day summit bringing the world's most influential litigation finance community together in Amsterdam on October 7–8, 2026. The event will be held at Rosewood Amsterdam, one of the city's most distinguished luxury hotels, marking LITFINCON's formal entry into the European market. The Rosewood Amsterdam provides a fitting backdrop for the conference as the historic building once served as Amsterdam's Palace of Justice – the city's main courthouse. LITFINCON Europe will reestablish this venue as a vibrant hub for legal dialogue and networking.
LITFINCON Europe follows the series' debut events in Houston and the upcoming inaugural Asia edition at Marina Bay Sands in Singapore on June 4, 2026. The European edition expands LITFINCON into the world's most dynamic litigation finance regulatory environment, as the UK, EU, and individual member states grapple with transformative questions about disclosure requirements, funder returns, and the future of third-party funding across the continent.
"The regulatory environment is evolving rapidly across the UK and EU, capital is flowing into the space at an unprecedented rate, and the demand for high-quality, senior dialogue has never been higher," said Robert Le, Co-Founder of Siltstone Capital.
Conference Program
Across eleven panels over two days, LITFINCON Europe moves from the macro to the granular — opening with a global market overview before examining the regulatory divergence reshaping how funders, law firms, general counsels, and institutional investors operate across the UK, EU, and US. The program addresses the structural mechanics of European deal-making, including the distinct dynamics of loser-pays cost regimes, ATE insurance integration, and portfolio financing, alongside deep dives into collective redress, international arbitration, and cross-border enforcement.
The second day turns to the investment and innovation questions defining the industry's next chapter: how institutional allocators — pension funds, sovereign wealth funds, and family offices — are assessing European litigation finance funds; the convergence of ATE insurance and third-party funding; the Unified Patent Court's emergence as a major new venue for funded IP disputes; and the competitive implications of AI adoption under GDPR and EU AI Act constraints. The conference closes with an unscripted, 75-minute Candid Conversations session — no slides, no prepared remarks — where industry veterans reflect honestly on what Europe gets right, wrong, and differently from the rest of the world.
Venue: Rosewood Amsterdam
Rosewood Amsterdam occupies a series of five interconnected 19th-century palace buildings along the Herengracht, one of Amsterdam's most storied canal rings. Its location in the heart of Amsterdam's historic center positions it as one of Europe's premier settings for high-level conferences and private events.
"LITFINCON has built its reputation on bringing the right people into the right room. The Rosewood hotel in Amsterdam reflects the standard we set for every event in this series — an environment where senior professionals can have honest, substantive conversations away from the noise," said Jim Batson, CIO – Legal Finance, Siltstone Capital.
Sponsorship and Participation
Sponsorship packages, speaking opportunities, and registration for LITFINCON Europe 2026 are now available.
For sponsorship, speaking, and registration for LITFINCON Europe, contact: info@litfincon.com or visit www.litfinconeurope.com.
For sponsorship, speaking, and registration for LITFINCON Asia, contact: info@litfincon.com or visit www.litfinconasia.com
About LITFINCON
LITFINCON is the premier global conference series dedicated to the continued evolution of litigation finance as an institutional asset class. Convening the world's leading funders, law firms, institutional investors, general counsels, and legal minds, LITFINCON serves as the platform for substantive dialogue, capital formation, and strategic connectivity across the global legal finance ecosystem. Created by Siltstone Capital, LITFINCON originated in Houston and has rapidly scaled into a multi-city global series spanning the United States, Asia, and Europe. LITFINCON Asia will take place on June 4, 2026 at Marina Bay Sands in Singapore and LITFINCON Europe will take place on October 7–8, 2026 at Rosewood Amsterdam in the Netherlands.
Media Contact
Jacob Varghese
LITFINCON
info@litfincon.com
www.litfinconeurope.com
www.litfinconasia.com
Two-Day Summit at Rosewood Amsterdam, October 7–8, 2026, to Convene the World's Leading Litigation Funders, Law Firms, General Counsels, and Institutional Investors
AMSTERDAM, April 1, 2026 /PRNewswire/ -- LITFINCON, the global litigation finance conference series created by Silstone Capital, today announced the launch of LITFINCON Europe, a two-day summit bringing the world's most influential litigation finance community together in Amsterdam on October 7–8, 2026. The event will be held at Rosewood Amsterdam, one of the city's most distinguished luxury hotels, marking LITFINCON's formal entry into the European market. The Rosewood Amsterdam provides a fitting backdrop for the conference as the historic building once served as Amsterdam's Palace of Justice – the city's main courthouse. LITFINCON Europe will reestablish this venue as a vibrant hub for legal dialogue and networking.
LITFINCON Europe follows the series' debut events in Houston and the upcoming inaugural Asia edition at Marina Bay Sands in Singapore on June 4, 2026. The European edition expands LITFINCON into the world's most dynamic litigation finance regulatory environment, as the UK, EU, and individual member states grapple with transformative questions about disclosure requirements, funder returns, and the future of third-party funding across the continent.
"The regulatory environment is evolving rapidly across the UK and EU, capital is flowing into the space at an unprecedented rate, and the demand for high-quality, senior dialogue has never been higher," said Robert Le, Co-Founder of Siltstone Capital.
Conference Program
Across eleven panels over two days, LITFINCON Europe moves from the macro to the granular — opening with a global market overview before examining the regulatory divergence reshaping how funders, law firms, general counsels, and institutional investors operate across the UK, EU, and US. The program addresses the structural mechanics of European deal-making, including the distinct dynamics of loser-pays cost regimes, ATE insurance integration, and portfolio financing, alongside deep dives into collective redress, international arbitration, and cross-border enforcement.
The second day turns to the investment and innovation questions defining the industry's next chapter: how institutional allocators — pension funds, sovereign wealth funds, and family offices — are assessing European litigation finance funds; the convergence of ATE insurance and third-party funding; the Unified Patent Court's emergence as a major new venue for funded IP disputes; and the competitive implications of AI adoption under GDPR and EU AI Act constraints. The conference closes with an unscripted, 75-minute Candid Conversations session — no slides, no prepared remarks — where industry veterans reflect honestly on what Europe gets right, wrong, and differently from the rest of the world.
Venue: Rosewood Amsterdam
Rosewood Amsterdam occupies a series of five interconnected 19th-century palace buildings along the Herengracht, one of Amsterdam's most storied canal rings. Its location in the heart of Amsterdam's historic center positions it as one of Europe's premier settings for high-level conferences and private events.
"LITFINCON has built its reputation on bringing the right people into the right room. The Rosewood hotel in Amsterdam reflects the standard we set for every event in this series — an environment where senior professionals can have honest, substantive conversations away from the noise," said Jim Batson, CIO – Legal Finance, Siltstone Capital.
Sponsorship and Participation
Sponsorship packages, speaking opportunities, and registration for LITFINCON Europe 2026 are now available.
For sponsorship, speaking, and registration for LITFINCON Europe, contact: info@litfincon.com or visit www.litfinconeurope.com.
For sponsorship, speaking, and registration for LITFINCON Asia, contact: info@litfincon.com or visit www.litfinconasia.com
About LITFINCON
LITFINCON is the premier global conference series dedicated to the continued evolution of litigation finance as an institutional asset class. Convening the world's leading funders, law firms, institutional investors, general counsels, and legal minds, LITFINCON serves as the platform for substantive dialogue, capital formation, and strategic connectivity across the global legal finance ecosystem. Created by Siltstone Capital, LITFINCON originated in Houston and has rapidly scaled into a multi-city global series spanning the United States, Asia, and Europe. LITFINCON Asia will take place on June 4, 2026 at Marina Bay Sands in Singapore and LITFINCON Europe will take place on October 7–8, 2026 at Rosewood Amsterdam in the Netherlands.
Media Contact
Jacob Varghese
LITFINCON
info@litfincon.com
www.litfinconeurope.com
www.litfinconasia.com
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
LITFINCON Announces European Debut: Global Litigation Finance Conference Series Comes to Amsterdam
