Interim statement of the SIPEF group per 30 September 2025

October 16, 2025

SIPEF recorded a total Crude Palm Oil (CPO) production of 117 565 tonnes for Q3 of 2025, reflecting a 28.1 % increase compared to the same period in 2024. This growth was driven by an increase in Fresh Fruit Bunches (FFB) and improved oil extraction rates across both Indonesia and Papua New Guinea.
Banana production in Q3 increased by 3.1% year-on-year, supported by the maturing of recently developed areas.
Palm oil markets remain favourable from a historical perspective and prices fluctuated between USD 950 and USD 1 100 per tonne on the Malaysian MDEX.
The Group realised net sales prices for CPO of more than 12.5% above the level of the first nine months of 2024, with 84% of its budgeted palm oil volumes sold at an average ex-mill gate price of USD 961 per tonne.
Palm oil production over 2025 is expected to come in around 430 000 tonnes, barring exceptional weather conditions.
With 84% of expected palm oil production sold and the prospect of continued favourable market prices, the result of the period – share of the Group – is projected to range between USD 115 million and USD 125 million for 2025.
The Group remains on course to finish 2025 with a positive net financial position as it executes its investment programme of approximately USD 100 million.
SIPEF enhances sustainability transparency with greenhouse gas (GHG) accounting and Science Based Target Initiative alignment.
SIPEF Joins the Palm Oil Collaboration Group (POCG) and High Conservation Value Network (HCVN).

Read the full report here