First Resources net profit climbs 57.4% to $300.7m in H1

Earnings per share increased to $0.19.

First Resources Limited reported a net profit of $300.7m (US$234.9m) for the six months to 30 June 2026 (H1 2026), a 57.4% increase from the same period last year.

Profit from operations rose 49.2% to $398.4m (US$311.3m), whilst gross profit increased 45.7% to $523.8m (US$409.2m).

The gross profit margin was 42.0%, compared with 41.7% a year earlier.

The company said the increase was driven by higher production and improved processing margins.

Excluding changes in the fair value of biological assets, underlying net profit rose 42.2% to $276.7m (US$216.2m).

Revenue climbed 44.5% to $1.25b (US$973.6m), mainly due to higher sales volumes.

The figure also included a full six months of production from PT Austindo Nusantara Jaya Tbk (ANJ), compared with two months in the first half of 2025.

First Resources completed its acquisition of ANJ in May 2025.

Fresh fruit bunches harvested increased 10.2% to 2.23 million tonnes, whilst crude palm oil production rose 18.4% to 656,605 tonnes.

FFB yield and CPO yield were unchanged at 9.6 tonnes per hectare and 2.1 tonnes per hectare, respectively.

Earnings before interest, tax, depreciation, and amortisation rose 31.3% to $440.8m (US$344.4m).

Earnings per share increased to $0.19 (US$0.1517).

First Resources declared an interim dividend of $0.08 per share, payable on 10 September.

($1 = US$0.78)

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