Singapore

The Group says the closure supports efforts to reduce debt and make the business self-sustaining.

This financial boost comes at a crucial time as ofi continues to expand its footprint in the milling and baking sectors.

ofi recorded double-digit EBIT growth of 12.7% year-on-year (YoY) to US$416.3 million.

Wilmar’s path to majority ownership began with a 13.5% stake sale by Adani in January 2025.