Wilmar International - DBS Research 2026-02-27: FY25 Core Net Profit Beat Our Forecast, In Line With Consensus

• Wilmar (SGX:F34)'s FY25 core net profit of US$1,278m (+10% y-o-y) beat our forecast and was in line with consensus. FY25 core net profit formed 109%/96% of our and consensus FY25 earnings forecasts of US$1,175m (flat y-o-y) and US$1,335m (+15% y-o-y), respectively.
• - Read this at SGinvestors.io -
• Due to strong performance in 2H25, a final dividend of 10 cents/share was proposed (flat y-o-y), bringing the FY25 total Wilmar's dividends to S$0.14/share (-13% y-o-y). The final dividend offers a 3%dividend yield.

Food products

• - Read this at SGinvestors.io -
• Overall sales volume grew by 5% y-o-y to 34.7m MT in FY25. The company also started consolidating AWL’s performance in Dec 2025.

Feed and industrial products

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
2025-09-01 Wilmar International - Legal Overhang Clouds Fundamentals.

Price targets by 3 other brokers at Wilmar Target Prices.

Listing of research reports at Wilmar Analyst Reports.

Relevant links:
Wilmar Share Price History,
Wilmar Announcements,
Wilmar Dividend Payout Dates & Corporate Actions,
Wilmar News