Olam Agri has reported a 12.7 percent increase in revenue for 2025 despite a decline in profit, as the agribusiness begins operating as a standalone company following a major ownership restructuring.
The Singapore-based company, which operates Ghana’s largest wheat mill, released its first annual report as an independent business, marking a significant milestone after separating from its former parent company.
The company generated revenue of US$37.4 billion in 2025, while operating profit declined by 9.2 percent to US$923.5 million. The decrease in profit was attributed to lower global commodity prices and continued market volatility.
Although the company did not disclose detailed financial figures in its public annual report, it said the year was characterised by record sales volumes and increased market share across its key markets.
Chief Executive Officer Sunny Verghese said the company had maintained strong operational performance while entering a new phase of growth.
“We sustained our performance and growth in 2025, while beginning a transformative new chapter,” he said.
The report follows the completion of a major ownership transaction in April, when the Saudi Agricultural and Livestock Investment Company (SALIC) acquired a 44.58 percent stake in Olam Agri for US$1.88 billion, based on a company valuation of US$4 billion.
The acquisition gave SALIC majority ownership alongside its existing 35.43 percent shareholding.
The Saudi investor also holds an option to acquire the remaining shares within the next three years at the agreed valuation plus a return premium, paving the way for Olam Agri’s full separation from its former parent.
The company’s performance has significant implications for Ghana, where Olam Agri remains a major player in the country’s food processing and agricultural sectors.
The company operates Ghana’s largest wheat milling facility in Tema, producing the First Choice and Royal Gold flour brands for the domestic market. Earlier this year, it also commissioned a US$40 million pasta manufacturing plant aimed at reducing Ghana’s dependence on imported pasta while strengthening local food production.
Beyond food processing, Olam Agri plays an important role in Ghana’s cocoa value chain, sourcing about a quarter of the country’s traded cocoa beans. Across its African operations, the company employs approximately 10,000 people.
The company’s workforce development efforts have also received recognition, with the Top Employers Institute naming Olam Agri a Top Employer in Ghana for the sixth consecutive year.
Looking ahead, Olam Agri said it will implement its new Sustainable Futures Plan, which places greater emphasis on climate resilience, environmental stewardship and improving farmer livelihoods.
The company said progress under the strategy will be measured through specific sustainability targets, with performance disclosed in a separate sustainability report released alongside its 2025 annual report.
Despite pressure on profitability from challenging global commodity markets, the company said it remains focused on expanding market share, strengthening food security and delivering long-term sustainable growth across its key markets, including Ghana.
