Annual results of the SIPEF group per 31 December 2025

February 12, 2026

The SIPEF group delivers record results in 2025

• SIPEF delivered an outstanding recurrent result (Group share) for the period ended 31 December 2025 of KUSD 127 367, up 77.1% from last year (2024: KUSD 71 913). This was driven by solid palm oil and banana production, reflecting maturing hectares and strong operational performance, and supported by favourable selling prices. The net result for the period (Group share) was KUSD 125 449.

• Following the Group’s record performance in 2025 and supported by a positive outlook, SIPEF’s board of directors proposes a substantially higher dividend, with a new payout ratio of 40% applied going forward (30% in previous years), and a gross dividend of EUR 4.30 per share, up 115% from last year, to be paid on 1 July 2026.

• SIPEF recorded a total crude palm oil (CPO) production of 441 867 tonnes in 2025, representing a 21.9% increase over last year. This strong performance reflects favourable agronomic conditions in Indonesia, increased output from maturing hectares in South Sumatra, and a strong production recovery in Papua New Guinea following rehabilitation after the November 2023 volcanic event.

• In 2025, banana production rose to 52 159 tonnes, up 2.2% from 2024, driven by strong growth at the newly expanded Akoudié plantation.

• In 2025, the Group recorded an average ex-mill gate1 selling price of USD 955 per tonne for its CPO, marking an increase of 10.2% from USD 867 per tonne in the prior year.

• Operational cash flow reached KUSD 222 260, reflecting strong profitability and disciplined working capital management.

• The Group’s net financial position (NFP) improved to KUSD 88 362 at year end 2025, compared to a NFP of KUSD -18 087 at year-end 2024, even after capital expenditures of KUSD 89 404, mainly related to the expansion in South Sumatra, mill upgrades, and replanting programmes.

• SIPEF has an optimistic outlook for its performance in 2026 and expects a solid final recurrent result, supported by a strong start to the year and solid production progress in 2025. The Group expects palm oil production to be around 470 000 tonnes, subject to weather and operational conditions. Banana exports are expected to reach around 55 000 tonnes.

• In Q4 2025, SIPEF advanced its high-quality palm oil strategy by securing Halal certification across all its palm oil mills in Indonesia, progressing its structured food safety and quality programme and setting the foundation for Hazard Analysis and Critical Control Points (HACCP) certification in 2028.

• During the same quarter, SIPEF reinforced its community engagement in Côte d’Ivoire by supporting local social development with the delivery of a new public primary school.