Press release
14th Apr, 2025
Update on Olam Group’s Re-organisation plan
In January 2020, Olam Group Limited (“OGL”, together with its subsidiaries “Olam Group” or “the Group”) had announced the Re-organisation of its diverse business portfolio into three distinct operating groups – ofi (Olam Food Ingredients), Olam Agri and the Remaining Olam Group – to maximise and unlock Olam Group’s underlying shareholder value via potential carve-outs, capital raising options and asset divestments. The separation and carve-outs of the three operating entities was completed in January 2022.
Following the recent announcement of the proposed sale of the remaining 64.57% stake in Olam Agri to Saudi Agricultural & Livestock Investment Company (“SALIC”) on February 24, 2025, Olam Group today announces details on the next steps in its Re-organisation plan (“Updated Re-organisation Plan”), to achieve three key objectives:
Right-size the Remaining Olam Group’s capital structure by allocating approximately US$2 billion to de-lever its balance sheet and make i
Press release
9th Apr, 2025
Olam Group publishes 2024 Annual Report: “Unlocking Value, Exploring New Horizons”
Singapore
Olam Group Limited (“Olam Group”) has published its 2024 Annual Report. The Report, which has three comprehensive components – Strategic Report, Governance Report and Financial Report – highlights financial and non-financial achievements for the Group in 2024, including:
Maintaining growth momentum and unlocking value
Delivering EBIT growth, double-digit growth in sales volumes and improved operating cash flow (before interest, tax and working capital changes).
Organic and inorganic investments by ofi and Olam Agri to expand and strengthen capabilities.
Achieving a significant milestone in Olam Group’s Re-organisation Plan with proposed sale of the Group’s 44.58% interest in Olam Agri to the Saudi Agricultural and Livestock Investment Company (SALIC) for approximately US$1.78 billion. This clears the path to proceed with its Re‑organisation Plan, seeking strategic options to unlock value for the Remaining Olam Group businesses and ofi, including the pursuit of an
Financial Press Release
28th Feb, 2025
Olam Group delivers 9.2% EBIT growth in 2024 driven by ofi and Olam Agri
Singapore
Group operating profit (“EBIT”) up 9.2% in 2024, on growth at both ofi and Olam Agri
ofi: Double-digit EBIT growth of 29.1% year-on-year (YoY), led by Ingredients & Solutions segment that reported an increase of 41.8%
Olam Agri: EBIT grew 5.8% YoY led by 32.2% YoY growth in Fibre, Agri-industrials & Ag Services
Board recommends a second and final dividend of 3.0 cents per share, taking total dividends to 6.0 cents per share for 2024 (2023: 7.0 cents)
Re-organisation update1:
Olam Group to sell 44.58% in Olam Agri to SALIC for approximately US$1.78 billion, at an implied 100% equity valuation for Olam Agri of US$4.00 billion;
Olam Group to sell its remaining 19.99% stake in Olam Agri to SALIC at the end of three years from completion of the above sale at the Closing Valuation1 plus 6% IRR
The Group will focus on seeking strategic options to unlock value for the Remaining Olam Group businesses and ofi, including the pursuit of an ofi IPO.
