Olam Group H1 profit soars nearly fivefold on $1.75b one-off gains
The board declared a total dividend of $0.07 per share.
Olam Group Limited’s net profit rose 488.7% to $1.9b in the six months ended June 30, 2026, largely due to one-off gains of $1.75b.
The gains came from the disposal of a 44.58% stake in Olam Agri, the sale of Olam’s entire interest in Mindsprint, and a fair-value gain from valuing the put and call options covering its remaining stake in Olam Agri.
However, revenue fell 18.3% to $12.5b, mainly because lower cocoa and coffee prices reduced input prices at ofi, whilst OGH recorded lower volumes.
Earnings before interest and tax (EBIT) dropped 34.2% to $455m.
Excluding $187.4m in significant non-cash foreign-exchange revaluation gains recorded in the first half of 2025, EBIT was down about 10% from a year earlier.
Net gearing fell to 0.93 times from 2.09 times a year earlier, helped by debt reduction at OGH using proceeds from divestments and lower working-capital-related debt at ofi.
The board declared a total dividend of $0.07 per share, consisting of a $0.01 interim ordinary dividend and a $0.06 special dividend.
Olam said it expects the businesses within OGH to maintain their operational performance in 2026, whilst monitoring risks from the global environment, including a possible escalation of the Middle East war that could affect results.