Wilmar International ( (WLMIF) ) has released its Q4 earnings. Here is a breakdown of the information Wilmar International presented to its investors.
Wilmar International Limited is a Singapore-based company engaged in investment holding and management services, primarily operating in the agribusiness sector. The company is known for its extensive involvement in the production and distribution of palm oil and other agricultural commodities.
In its latest earnings report for the year ending December 31, 2024, Wilmar International reported a slight increase in revenue but faced a decline in profitability. The company’s revenue for the year was US$67.38 billion, marking a marginal increase of 0.3% compared to the previous year. However, the net profit fell by 23.3% to US$1.17 billion, reflecting challenges in maintaining profit margins.
Key financial metrics highlighted a decrease in profit before tax by 10.8% to US$1.75 billion and a reduction in EBITDA by 2% to US$3.89 billion. The earnings per share also saw a decline, with basic EPS dropping by 23.4% to 18.7 US cents. Despite these setbacks, the company maintained a stable asset base, with net tangible assets slightly decreasing by 1.1%.
Looking forward, Wilmar International’s management remains cautiously optimistic, focusing on strategic initiatives to enhance operational efficiency and explore growth opportunities in emerging markets. The company aims to navigate the challenging market conditions while leveraging its extensive network and expertise in the agribusiness sector.