Formerly a wholly-owned subsidiary of the Olam Group, Olam Agri, valued at around US$4 billion, is in the process of being fully-acquired by the Saudi Agricultural and Livestock Investment Company (SALIC). Since 2022, SALIC has owned 35.43% of Olam Agri.
For FY2025 ended Dec 31, Mainboard-listed Olam Group, reported profit after tax and minority interests of $444.1 million, representing a y-o-y increase of 414%. Excluding subsidiary Olam Agri, patmi would be $170.3 million, in contrast to a loss of $222.4 million for the previous year.
Overall turnover for FY2025 increased 19.3% y-o-y to $67 billion. Excluding Olam Agri, full-year revenue grew y-o-y by 28.8% to $29.6 billion while earnings before interest (EBIT) rose 37.9% y-o-y to $1.27 billion. The stronger performance was attributed to the pass-through of higher commodity prices in Olam Food Ingredients (OFI) as well as the reversal the Remaining Olam Group division, which reported ebit of $197.7 million from a negative ebit of $151.5 million in the previous year.
