Indonesian Supreme Court fines Wilmar subsidiaries over cooking oil case

Five Wilmar subsidiaries were fined $59,666 each.

The Indonesian Supreme Court has overturned the acquittals of Wilmar International and other major palm oil groups, ordering five Wilmar subsidiaries to pay fines and compensation totaling $708.85m (IDR 11.88t).

According to the Court’s ruling, each of the five Wilmar subsidiaries involved—PT Multimas Nabati Asahan, PT Multi Nabati Sulawesi, PT Sinar Alam Permai, PT Wilmar Bioenergi Indonesia, and PT Wilmar Nabati Indonesia (collectively, the “Wilmar Respondents”)—has been sentenced to a fine of $59,666(IDR 1b).

The total compensation of $708.85m (IDR 11.88t) includes $101m (IDR 1.69t) for profits earned by the Wilmar subsidiaries, $98.9m (IDR 1.66t) for financial losses to the State, and $508.9m (IDR 8.53t) to cover losses in the business and household sector.

Wilmar confirmed that the total amount has already been deposited with the AGO and will subsequently be transferred to the State Treasury.

The company said that its actions during the Indonesian cooking oil shortage complied with regulations and were done in good faith. Wilmar may seek a judicial review of the ruling.

As a result, the group expects a third-quarter net loss for September 2025, but full-year profitability remains likely. Shareholders are advised to exercise caution when trading Wilmar shares.

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