Golden Agri-Resources net profit jumps 47% in Q1

It was driven by higher crude palm oil (CPO) prices.

Golden Agri-Resources Ltd (GAR) reported a 47% surge in net profit to $71.48m (US$55m) in the first quarter of 2025.

The increase was driven by higher crude palm oil (CPO) prices, which rose 27% to an average of $1,503 per tonne (US$1,156), and improved plantation output.

Revenue grew 19% to $3.95b (US$3.04b) despite lower sales volumes. EBITDA rose 12% to $336.52m (US$259m) with an 8.5% margin, whilst underlying profit increased to $115.57m (US$89m).

CEO Franky Widjaja said palm oil production is recovering after extreme weather disruptions, which may ease supply tightness. However, geopolitical uncertainty and trade tensions will continue to affect market conditions, supporting CPO prices in the near term.

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