Golden Agri stock expands support for 1,500 smallholders

Golden Agri stock (ISIN MU0117U00026) was last at SGD 0.33 on the SGX on October 7, 2026, at 5:04 p.m. SGT, up 1.56 percent from the prior close. The company has expanded a sustainability program that will support 1,500 independent oil palm smallholders from 2026 to 2028, according to Golden Agri-Resources in a release dated October 1, 2026.

1,500 smallholders enter the program

The Sawit Terampil initiative covers suppliers to PT UKINDO in Langkat Regency and Binjai City, North Sumatra. Its two-year support period is designed to improve farm management, land mapping, certification readiness and supply-chain transparency, the company said in the same October 1, 2026 release.

The initiative also forms part of GAR's wider Collective for Impact commitment to train 100,000 independent oil palm smallholders by 2035. That target gives the latest partnership a measurable place within the company's broader sustainability strategy.

Revenue grows while EBITDA falls

Golden Agri's first-half 2026 revenue reached USD 6.6 billion, up 7.3 percent year over year, while net profit attributable to owners rose 4.4 percent to USD 167.2 million, according to Quartr in its H1 2026 earnings summary. The profit increase was supported by lower funding costs and foreign-exchange gains.

The counterweight was EBITDA, which fell 1.9 percent to USD 555.6 million as margin pressure and higher operating expenses offset the stronger revenue base. Downstream revenue increased 7.3 percent to USD 6,543.8 million, while sales volume rose 2 percent in the first half.

Consensus target sits above the stock

The published consensus is Strong Buy, based on one analyst, with an average 12-month target of SGD 0.361, according to Investing.com. The target lies 9.39 percent above the SGD 0.33 reference price, while the published 52-week range extends from SGD 0.260 to SGD 0.350.

Golden Agri stock remains below its yearly high

Golden Agri stock was last at SGD 0.33 on October 7, 2026, with 37,656,000 shares traded. Its market capitalization was SGD 4.1 billion, and the 52-week high stood at SGD 0.35.

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