Press release
6th Apr, 2026
Olam Group announces proposed divestment of Mindsprint to Wipro as part of its Re-organisation Plan
Singapore
Olam Group to divest its IT and digital services business, Mindsprint, to global technology services and consulting company, Wipro, for US$375 million, marking another step forward in its Updated 2025 Re-organisation Plan1.
Awards an eight year strategic transformation deal to Wipro with a committed annual spend of US$100 million.
The combined capabilities of both Mindsprint and Wipro will accelerate Olam Group’s mission-critical programmes, strengthen its core operation and deliver scalable outcomes.
Olam Group Limited (“Olam Group” or the “Company”, together with its subsidiaries “the Group”) today announced that it has entered into a definitive agreement with Wipro Limited (“Wipro”) to sell its 100% stake in Mindsprint Pte. Ltd. (“Mindsprint”) for a cash consideration of US$375 million, subject to closing adjustments (the “Proposed Sale”).
The Proposed Sale is in line with the Group’s Updated 2025 Re-organisation Plan to respons
Press release
2nd Mar, 2026
Olam Agri secures 7-year US$100 million financing from FMO
Singapore
Olam Group Limited (“Olam Group”) announced today that its food, feed and fibre operating group, Olam Agri, has secured a 7-year US$100 million financing facility (“the Facility”) from Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (“FMO”).
The Facility has Olam Agri subsidiaries, namely, Olam Global Agri Pte. Ltd. and Olam Global Agri Treasury Pte. Ltd. as borrowers. The Facility is initially guaranteed by Olam Group which will be assumed by Olam Agri upon demerger of Olam Agri.
Olam Agri will use the proceeds to support the flow of rice from India, Thailand, and Vietnam to African countries that depend on rice as a dietary food staple. This contributes to food security and strengthens value chain resilience in those markets.
Hans Bogaard, Director Agribusiness, Food & Forestry at FMO, said: “We are pleased to support Olam, a founding member of the Sustainable Rice Platform that promotes low-emission, water-efficient rice farming. Its c
Financial Press Release
27th Feb, 2026
Olam Group reports PATMI of S$444.1 million (up 414.0%) for 2025
Singapore
Operational PATMI (excluding exceptional items) was S$510.9 million (up 136.2%)
Reported operating profit (“EBIT”) up 37.9% to S$1.3 billion in 2025; including Olam Agri (Discontinuing Operations), EBIT was up 13.2% to S$2.2 billion
ofi delivered a resilient performance with a steady EBIT of S$1.1 billion for 2025 (2024: S$1.1 billion)
Improved performance by Remaining Olam Group with EBIT of S$197.7 million in 2025, a positive swing of S$349.2 million
Olam Agri (Discontinuing Operations) saw a 9.2% decrease in EBIT to S$923.5 million due to lower commodity prices and volatility
Re-organisation update
Approvals from all jurisdictions but one have been obtained for the proposed sale of 44.58% stake in Olam Agri.
Ongoing progress in securing approvals from lenders, shareholders and regulators for sale of Olam Group’s remaining 32.4% stake in ARISE P&L.
Completed the US$500 million capital injection into ofi in H1 2025.
As part of
