Sipef (SIP) Q3 2025 earnings summary

Executive summary

• Heading for record performance in 2025, driven by strong palm oil and banana production growth.

• Q3 2025 CPO production rose 28.1% year-over-year, with improved extraction rates in Indonesia and Papua New Guinea.

• Banana production increased 3.1% year-over-year, supported by maturing new areas.

• 84% of budgeted palm oil volumes sold at an average ex-mill gate price of USD 961 per tonne.

• Projected period result (share of Group) between USD 115 million and USD 125 million for 2025.

Financial highlights

• Net sales prices for CPO were more than 12.5% above the first nine months of 2024.

• 84% of expected palm oil production sold at favorable prices.

• Unit production cost for palm oil decreased by 5.4% year-over-year due to higher output and currency effects.

• Banana segment profitability stable due to fixed-price contracts with European buyers.

Outlook and guidance

• Palm oil production for 2025 expected around 430,000 tonnes, barring exceptional weather.

• Favorable market prices and strong production expected to continue into Q4 and 2026.

• Result of the period projected between USD 115 million and USD 125 million.

• Positive net financial position anticipated by year-end, with investments fully financed by operating cash flows.