First Resources (EB5) investor relations material

Executive summary

• 1H2026 attributable net profit rose 57.4% to US$234.9m, while underlying attributable net profit increased 42.2% to US$216.2m; higher production volumes and improved processing margins drove results.

• Revenue increased 44.5% to US$973.6m and operating profit rose 49.2% to US$311.3m.

• FFB harvested grew 10.2% and CPO production increased 18.4% YoY; an interim dividend of 8.00 Singapore cents per share was declared.

Financial highlights

• Gross profit rose 45.7% to US$409.2m; gross margin was 42.0% versus 41.7% in 1H2025.

• EBITDA increased 31.3% to US$344.4m; EBITDA margin was 35.4% versus 38.9%.

• Profit before tax rose 55.7% to US$315.9m; net profit for the period was US$245.4m, up 56.5%.

• Net operating cash flow was US$210.7m versus US$13.8m in 1H2025.

Outlook and guidance

• Indonesia’s B50 biodiesel mandate is expected to strengthen domestic palm oil demand; its implementation pace and scale may materially affect consumption and CPO prices.

• Oil palm’s peak crop season typically falls in H2, supporting higher FFB, CPO and palm kernel volumes for processing than in H1.

• Developing El Niño conditions are being monitored for potential lagged effects on palm oil and competing vegetable-oil production.