First Resources receives agency notice. DBS sets SGD 6.30 target for First Resources stock

Published on 10/25/2026 at 03:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 44.50 percent to USD 973.60 million in first-half 2026. First Resources stock reports third-quarter results on November 13, 2026.

Key developments before results

First Resources listed a notice from the National Environment Agency on October 24, 2026.
First-half revenue reached USD 973.60 million, while the EBITDA margin was 35.40 percent.
DBS set a SGD 6.30 target for First Resources on October 21, 2026.

First Res, SG1W35938974, Illustration mit AI erstellt.

First Resources (ISIN SG1W35938974) had listed a notice from the National Environment Agency on October 24, 2026, adding a regulatory development before its next results. The company also has a SGD 6.30 target from DBS, which maintained its Buy rating on October 21, 2026, according to Markets Insider.

Regulatory notices add a new variable

The latest investor-relations update listed receipt of a notice to provide documents and information to the National Environment Agency. The company had also reaffirmed its zero-burning policy and cooperation with authorities in an October 20 announcement filed with the Singapore Exchange, which identified the security as SG1W35938974 and EB5.

The sequence matters because the notices arrive before the scheduled third-quarter report. The company calendar names November 13, 2026, for that release, giving investors a dated checkpoint for operational updates and management commentary.

What does first-half growth mean?

For the six months ended June 30, 2026, revenue rose 44.50 percent to USD 973.60 million, while EBITDA increased 31.30 percent to USD 344.40 million, according to The Investing Iguana. Underlying net profit climbed 42.20 percent to USD 216.20 million, but the EBITDA margin declined to 35.40 percent from 38.90 percent.

Three dated developments

On August 14, 2026, First Resources reported first-half revenue of USD 973.60 million, up 44.50 percent year over year. On October 20, 2026, the Singapore Exchange carried the company's zero-burning policy announcement and cooperation commitment. On October 24, 2026, the investor-relations page listed the National Environment Agency notice.

Next date for investors

The next substantiated company date is November 13, 2026, when First Resources is scheduled to announce third-quarter results, according to its First Resources investor-relations page.

Market context before the report

First Resources closed at SGD 3.68 on the Singapore Exchange on October 23, 2026, according to Global Banking and Finance Review. The same page identifies EB5.SI as the ticker and SG1W35938974 as the ISIN.

First Resources combines plantations and mills with refinery and processing operations. That structure makes the November report important for both volume trends and the margin pressure visible in the first-half comparison.