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Sipef (SIP) investor relations material
Sipef Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strong start to 2026 with palm oil production up 7.3% and banana production up 2.9% year-over-year, driven by Indonesia and Papua New Guinea.
South Sumatra emerged as a key growth driver, with significant increases in both own and plasma production.
Papua New Guinea continues recovery from the 2023 volcanic eruption, with robust plantation performance.
Favourable palm oil markets and disciplined execution underpin expectations for 2026 results to match 2025's record performance.
Financial highlights
44% of projected palm oil volumes for 2026 secured at an average ex-mill gate price of USD 1,046/tonne, up from 38% at USD 1,030/tonne in 2025.
Benchmark CPO futures rose from USD 990 to USD 1,069/tonne during Q1 2026.
Recurrent net profit (Group share) for 2026 expected to be broadly in line with 2025's record results.
Outlook and guidance
Full-year palm oil production expected at approximately 470,000 tonnes, subject to weather.
Banana production projected to recover in Q2, with improved flowering and crop conditions.
Favourable pricing environment expected to persist, but input cost inflation and geopolitical risks remain key uncertainties.
- Net profit and palm oil output fell, but banana production and financial strength improved.SIP
Q2 202425 Jun 2026 - Record profit and cash flow in 2025 drive higher dividend and strong 2026 outlook.SIP
Q4 202525 Jun 2026 - Net profit fell to USD 70.2 million as palm oil output dropped, but 2025 outlook remains strong.SIP
Q4 202425 Jun 2026 - Record CPO production and profit growth drive a strong outlook for 2025.SIP
Q2 202525 Jun 2026 - Earnings remain strong despite lower palm oil output, with major investments and EUDR compliance initiatives.SIP
Q3 202425 Jun 2026 - Q1 2025 palm oil output up 17.9% year-over-year, with robust pricing and positive outlook.SIP
Q1 202525 Jun 2026 - Record palm oil output and strong pricing set the stage for a record financial year in 2025.SIP
Q3 202525 Jun 2026
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