Olam Group issues USD 300 million hybrid capital: what it means for Olam Group stock

Published on 10/13/2026 at 00:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit rose 488.70 percent to SGD 1.9 billion in first-half 2026. For Olam Group stock, operational PATMI was SGD 64.4 million.

Key points in brief

Olam Group announced a USD 300 million perpetual hybrid capital issuance by ofi on September 24, 2026.
Profit attributable to owners rose 488.70 percent to SGD 1.9 billion in the first half of 2026, largely because of one-off gains.
Operational PATMI reached SGD 64.4 million in the first half of 2026, while the last SGX price was SGD 0.95 on October 12, 2026.

Olam Group, SGXE65760014, Illustration mit AI erstellt.

Olam Group (ISIN SGXE65760014) had announced on September 24, 2026 that its wholly owned operating group ofi completed a USD 300 million perpetual hybrid capital issuance, according to Olam Group. The transaction adds a refinancing tool for ofi while the group continues to reshape its portfolio after asset disposals.

Three milestones and their figures

On August 14, 2026, Olam Group reported profit attributable to owners of SGD 1.9 billion for the first half of 2026, up 488.70 percent year over year. The result included SGD 1.75 billion of one-off gains from the disposal of a 44.58 percent stake in Olam Agri, the sale of Mindsprint and a fair value gain, according to Olam Group. On August 31, 2026, the declared payout totaled SGD 0.07 per share, consisting of a SGD 0.01 ordinary interim dividend and a SGD 0.06 special dividend, as The Smart Investor reported. The September 24 hybrid issuance was the third milestone, with proceeds designated for refinancing existing indebtedness and general corporate purposes.

What does the financing mean?

The key counterpoint to the headline profit is operational PATMI from continuing operations. Olam said this measure grew by SGD 84.7 million year over year to SGD 64.4 million in the first half of 2026 after adjusting for the SGD 1.75 billion disposal gain and non-cash foreign-exchange gains recorded in the prior period.

The financing announcement also contained a balance-sheet message: Olam said the hybrid issuance was not expected to have a material impact on debt or gearing. Its reported net gearing fell from 2.09 times to 0.93 times in the first half of 2026, helped by disposal proceeds and lower working-capital-related debt.

SGX price stays dated

Olam Group Limited was last at SGD 0.95 on the Singapore Exchange on October 12, 2026 at 5:14 p.m. SGT. The company had a market capitalization of SGD 3.6 billion on that date, while its listed ticker was VC2.

The further course of trading is shown by the continuously updated real-time quote of Olam Group stock.