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      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

      Press release 28th Aug, 2025

      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 the expected continuing investment required to sustain its operations in these challenging times and difficult market conditions.

      Financial impact

      In its H1 2025 results, the Group reported a loss of S$13.2 million related to the impairment of intangible assets within the Incubating Businesses segment – this was primarily associated with Jiva Ag. The Group expects to book and announce one-off costs estimated at up to US$9 million related to the closure in its H2 2025 financial results ending December 31, 2025. The costs are not expected to have a material impact on the results of the Group in the current financial year.  

      The intellectual property associated with Jiva Ag will retained by Olam Group or one of its subsidiaries. 

      The Group remains committed to executing its Updated 2025 Re-organisation Plan to strengthen the Group’s balance sheet, ensure resilience of its operating groups and unlock value for its shareholders.

      -----------------------

      1 Please refer to the full announcement on the Updated 2025 Re-organisation Plan dated April 14, 2025.
       

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      About Olam Group

      Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to almost 22,000 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers.

      Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.

      Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.

      Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency.

      More information on Olam can be found at www.olamgroup.com. 

      Olam is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936.

      Telephone: +65 63394100, Facsimile: +65 63399755.

       

      Issued on behalf of Olam Group Limited by:

      We. Corporate Advisors, 3 Harbourfront Place, #12-02/04, Harbourfront Tower 2, Singapore 099254

      For further information, please contact:

      Contacts for Olam Investor Relations
      Contacts for WATATAWA

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      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
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      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
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      Press release
      10th Dec, 2025

      ofi secures US$1,120 million dual currency 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 dual currency (USD & CNH) term loan facility aggregating US$1,120 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 has two US Dollar tranches aggregating US$775 million and a CNH tranche of CNH2,415 million (~ US$345 million). A total of 12 banks participated in the Facility across three tiers: Senior Mandated Lead Arrangers: 1. Bank of China 2. Industrial and Commercial Bank of China 3. The Hongkong and Shanghai Banking Corporation (HSBC) Mandate
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