First Resources - UOB Kay Hian 2025-10-15: Buoyant Outlook Backed By Fresh Acquisition

Strong production growth trajectory to sustain in 2H25.

• The 44% y-o-y increase in First Resources' 1H25 net profit was underpinned by its plantation segment's sharp EBITDA increase of 64% y-o-y to US$247m. This came amid higher ASPs and a surge in production output (+23% y-o-y) from First Resources' pre-existing estates as well as those of PT ANJ, which was acquired in May and positively contributed to around two months of First Resources' 1H25 results.

Integration of PT ANJ's operations well underway.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2025-03-04 First Resources - Production Growth Likely To Continue In 2025.

Price targets by other brokers at First Resources Target Prices.

Listing of research reports at First Resources Analyst Reports.

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