PT Sinar Mas Agro Resources and Technology Tbk Posts Sharp Rise in 1H 2026 Net Profit

SGX Filings
Jul 30

PT Sinar Mas Agro Resources and Technology Tbk reported consolidated net sales of 43,266,133 million Singapore dollars for the six months ended June 30 2026, broadly unchanged from the 43,730,163 million Singapore dollars booked a year earlier.

Gross profit fell to 4,362,845 million Singapore dollars from 6,928,020 million Singapore dollars as cost of goods sold climbed to 38,903,288 million Singapore dollars.

Despite the weaker gross margin, profit attributable to shareholders surged to 2,344,110 million Singapore dollars, up from 825,380 million Singapore dollars in the corresponding 2025 period, driven mainly by lower financing costs and a swing to other income.

Total assets stood at 45,202,974 million Singapore dollars as of June 30 2026, compared with 50,398,674 million Singapore dollars at December 31 2025. Total liabilities declined to 22,767,954 million Singapore dollars from 26,263,005 million Singapore dollars over the same span.

During the half-year, the company paid dividends amounting to 775,492 million Singapore dollars. Cash and cash equivalents closed the period at 1,586,141 million Singapore dollars, down from 2,024,738 million Singapore dollars at end-2025.

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