GROUP PERFORMANCE REVIEW FINANCIAL HIGHLIGHTS In Rp billion In SGD million* For the financial year ended 31 December 2023 2024 2025 2023 2024 2025 Revenue 16,003 15,968 21,057 1,269 1,266 1,670 Gross profit 3,282 4,765 5,396 260 378 428 Gain/(loss) arising from changes in fair value of biological assets 13 318 (135) 1 25 (11) Profit from operations 1,948 3,239 3,699 154 257 293 Profit after tax 936 2,110 2,514 74 167 199 Profit attributable to owners of the Company 614 1,119 1,270 49 89 101 EPS (in Rp)/(in SGD‘cents) 440 801 910 3.5 6.4 7.2 Current assets 9,944 13,410 15,390 761 1,026 1,178 Fixed assets 17,582 16,404 16,111 1,345 1,255 1,233 Other non-current assets 9,592 9,316 11,767 734 713 900 Total assets 37,118 39,130 43,268 2,840 2,994 3,311 Current liabilities 9,582 8,933 12,090 733 684 925 Non-current liabilities 3,620 4,334 2,725 277 332 209 Total liabilities 13,202 13,267 14,815 1,010 1,015 1,134 Shareholders' equity 13,545 14,298 15,601 1,036 1,094 1,194 Total equity 23,916 25,863 28,453 1,830 1,979 2,177 Total debt 7,796 7,771 9,201 597 595 704 Cash 5,226 5,946 8,573 400 455 656 For the financial year ended 31 December 2023 2024 2025 Sales growth (10.1%) (0.2%) 31.9% Gross profit margin 20.5% 29.8% 25.6% Profit from operations margin 12.2% 20.3% 17.6% Profit after tax margin 5.8% 13.2% 11.9% Profit attributable to owners of the Company margin 3.8% 7.0% 6.0% Return on assets1 5.2% 8.3% 8.5% Return on equity2 4.5% 7.8% 8.1% Current ratio (times) 1.0 1.5 1.3 Net debt to equity ratio (times)3 0.11 0.07 0.02 Total debt to total assets ratio (times) 0.21 0.20 0.21 1 Profit from operations divided by total assets 2 Profit attributable to owners of the Company divided by shareholders’ equity 3 Net debt divided by total equity * For ease of reference, 2023 to 2025 Income Statement and Balance Sheet items are converted at exchange rates of Rp12,611/SGD1 and Rp13,069/SGD1, respectively Indofood Agri Resources Ltd. 12 Group Overview Operation and Financial Review Financials Other Information Sustainability and Governance
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