Press release
28th Aug, 2025
Olam Group to closedown Jiva Ag as part of Updated 2025 Re-organisation Plan - Strategic decision supports the Group’s focus to conserve cash and de-leverage Remaining Olam Group
Singapore
Olam Group Limited (“Olam Group”) today announced its decision to close Jiva Ag, the digital farmer services platform developed by Nupo Ventures of the Remaining Olam Group.
A total of 606 employees across Singapore, Indonesia, India and Australia will be affected –eight are from Singapore, 531 in Indonesia, 66 in India and one in Australia. Olam Group is supporting impacted employees with redeployment opportunities within the Group, or severance packages aligned with local regulators and practices. They will be provided with outplacement services and access to the Group’s employee assistance programme.
Rationale
This decision follows its Updated 2025 Re-organisation Plan1 announced in April 2025, which aims to de-lever the Remaining Olam Group’s balance sheet, making it debt-free and self-sustaining, and to responsibly divest all of its assets and businesses over time.
The Group has made the difficult but necessary decision to close Jiva Ag in light of
Press release
14th Aug, 2025
ofi secures flagship US$2,100 million multi-tranche loan facility
Singapore
Olam Group Limited (“Olam Group”) announced today that its wholly owned subsidiary, olam food ingredients (“ofi”), a global leader in naturally good food and beverage ingredients, has secured a multi-tranche revolving credit facility and term loan aggregating US$2,100 million (the “Facility”).
The Facility has Olam Treasury Pte Ltd as a Borrower. The Facility is initially guaranteed by Olam Group Limited which would transfer to ofi Group Limited following the planned IPO and demerger of ofi. Proceeds from the Facility will be applied towards refinancing of ofi’s existing loans and general corporate purposes. The Facility comprises a two-year revolving credit facility and a three-year term loan.
A total of 18 banks participated in the Facility across two tiers:
Senior Mandated Lead Arrangers
Banco Bilbao Vizcaya Argentaria S.A
Citibank
DBS Bank Ltd
MUFG Bank Ltd
Standard Chartered Bank (Singapore) Limited
The Hongkong and Shanghai Banking Corporation
Financial Press Release
14th Aug, 2025
Olam Group reports PATMI of S$323.8 million (up 573.2%) for H1 2025, declares interim dividend of 2.0 cents per share
Singapore
Reported operating profit (“EBIT”) up 85.5% to S$708.7 million in H1 2025; including Olam Agri (Discontinuing Operations), EBIT was up 35.5% to S$1.2 billion
ofi records double-digit EBIT growth of 12.7% year-on-year (YoY) to S$535.8 million
Improved performance by Remaining Olam Group with EBIT of S$172.9 million in H1 2025 versus loss in prior corresponding half-year
Olam Agri records marginal decrease in EBIT to S$494.4 million despite significant impact from US tariffs and difficult market conditions
Operational PATMI (excluding exceptional items) at S$327.1 million (up 345.0%)
Re-organisation update1
Following the announcement of the proposed sale of the remaining 64.57% stake in Olam Agri to Saudi Agricultural & Livestock Investment Company (“SALIC”) in February 2025, Olam Group has committed to:
Right-size the Remaining Olam Group’s capital structure by allocating approximately US$2 billion to de-lever its balance sheet and make it debt-
