Wilmar International (SGX:F34) Full Year 2024 Results

Key Financial Results

• Revenue: US$67.4b (flat on FY 2023).

• Net income: US$1.17b (down 23% from FY 2023).

• Profit margin: 1.7% (down from 2.3% in FY 2023).

• EPS: US$0.19 (down from US$0.24 in FY 2023).

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SGX:F34 Revenue and Expenses Breakdown March 31st 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wilmar International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 11%.

The primary driver behind last 12 months revenue was the Feed and Industrial Products segment contributing a total revenue of US$42.3b (63% of total revenue). Notably, cost of sales worth US$62.2b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$1.95b (48% of total expenses). Explore how F34's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Food industry in Singapore.

Performance of the Singaporean Food industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Wilmar International (of which 1 doesn't sit too well with us!) you should know about.