Wilmar’s Core Profit Falls as Indonesian Fire Probe Adds Scrutiny

Singapore, 29 October 2026 – Wilmar International Limited reported third-quarter core net profit of US$267.3 million, down 25.2% from a year earlier, as higher raw-material costs and weaker soybean-crushing margins weighed on its food and feed businesses. The company also disclosed that Indonesian police were conducting a preliminary investigation into fires affecting about 28 hectares of plantation land belonging to subsidiaries in West Kalimantan.

For Asian investors, the results show why headline profit, underlying earnings and cash generation need to be read separately. The police inquiry is preliminary and does not establish that Wilmar caused the fires; the company says its review found no link to land-clearing activity. The figures and the company’s assessment are confirmed disclosures, while the materiality of the fire and haze issue will depend on further findings and regulatory decisions.