Golden Agri-Resources (E5H) investor relations material

Corporate overview and business model

• Operates a large-scale, integrated palm-based agribusiness with global reach, including refining in China and India and sales in major consuming countries.

• Planted area totals 527,240 hectares, with 22% plasma and 91% mature plantations as of June 2026.

• Produces a wide range of value-added palm products, complemented by soybean, sunflower oil, and sugar trading.

• Integrated value chain enables optimal monetization and resilience to external changes.

• Research and development focus on biotechnology, precision agriculture, and mechanization to enhance productivity.

Financial performance

• Revenue reached $6.6 billion in 1H 2026, up 7% year-on-year; FY 2025 revenue was $12.95 billion, up 19%.

• 1H 2026 EBITDA was $556 million, with a margin of 8.4%; FY 2025 EBITDA was $1.26 billion, margin 9.7%.

• Net profit attributable to owners was $167 million in 1H 2026 and $400 million in FY 2025.

• Strong operating cash flows and prudent financial management support a robust balance sheet.

• Net debt increased to $462 million as of June 2026, mainly due to higher working capital needs.

Segmental results

• Plantations and mills segment delivered stable EBITDA margin (26.7%) in 1H 2026 despite a slight drop in FFB production.

• Downstream (palm, laurics, and others) segment saw 7% revenue growth and maintained EBITDA despite margin pressure.

• Higher oil extraction rates helped offset lower FFB production.

• Sales volume in downstream segment increased 2% year-on-year in 1H 2026.