Olam Group reported a 12% year-on-year decline in net profit for the first half of 2026, reflecting persistent pressure from volatile commodity prices and weaker demand in key markets. The Singapore-based agribusiness and food ingredients producer posted a net profit of $187 million for the six months ended June 30, down from $213 million in the same period of 2025.
Operating cash flow improved by 18% to $421 million, driven by tighter working-capital management and reduced capital expenditures. The company said it maintained disciplined cost controls despite macroeconomic headwinds, including elevated input costs and supply-chain disruptions.
Revenue for H1 2026 totaled $11.2 billion, a 3% decline from $11.6 billion in the prior-year period. The decrease was attributed to softer pricing across core segments, particularly in edible nuts and animal feed, offset partially by volume growth in specialty ingredients.
Olam’s management highlighted resilience in its cocoa and coffee businesses, which benefited from improved processing margins. However, the group warned that ongoing geopolitical tensions and fluctuating freight rates could weigh on second-half performance.
The results were released alongside the company’s half-year earnings call, during which executives emphasized a focus on debt reduction and selective capital deployment to sustain long-term growth.
Olam Group operates across 60 countries, supplying food and agribusiness products to over 20,000 customers globally.
