Ofi income jumps 52% as group pursues SALIC stake sale
14 August 2025
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Singapore’s Olam Group reported a close to seven-fold bounce in first-half earnings on Thursday, primarily pushed by robust efficiency at its meals substances division because of greater common gross sales value, reported Reuters.
Olam, one of many world’s largest agricultural commodity merchants, has been ramping up efforts to unlock worth by way of a stake sale in Olam Agri to Saudi Arabia’s agricultural and livestock funding agency, SALIC. Additionally it is seeking to demerge and checklist its meals substances enterprise, Ofi.
“Pursuant to the proposed sale of Olam Agri to SALIC and the plan to responsibly divest the property and companies of the remaining Olam Group, our focus is to prioritise Ofi and help its efforts in realising its full potential worth,” stated CEO Sunny Verghese.
Ofi, a diversified meals and beverage platform, reported income of S$14.7 billion ($11.49 billion) within the six months to June 30, round 52% greater than final 12 months, with working earnings leaping 13% to S$535.8 million.
That boosted the group’s reported revenue attributable to S$323.8 million for the primary half of 2025, in contrast with S$48 million a 12 months earlier. It declared an interim dividend of two Singapore cents per share.
($1 = 1.2795 Singapore {dollars})
