Indofood Agri

What Indofood Agri does

Indofood Agri Resources Ltd (IndoAgri) is a Singapore-incorporated, vertically integrated agribusiness group listed on the Singapore Exchange (SGX:5JS) and effectively 74.3%-owned by Indonesian conglomerate PT Indofood Sukses Makmur Tbk (PT ISM). The group operates across the full palm-oil value chain through two divisions: a Plantation Division that runs 27 palm-oil mills (7.2 million tonnes per year FFB capacity), rubber processing facilities, sugar mills and refineries on a nucleus planted area of 280,975 hectares, and an Edible Oils and Fats Division that operates 5 refineries with 1.9 million tonnes per year of CPO processing capacity, producing branded consumer cooking oils (Bimoli, Bimoli Spesial, Happy), margarines (Palmia, Amanda, Royal Palmia) and industrial fats. The Plantation Division produced 733,000 tonnes of CPO in FY2025, of which 82% is channelled to internal refineries; the Edible Oils and Fats Division sells roughly 93% of its output domestically through Indofood's Distribution Group and 7% via export channels across Asia, Africa, the Americas and the Middle East.

Underpinning the upstream operations are two R&D assets — SumBio (Bah Lias, North Sumatra) and PT SAIN (Pekanbaru, Riau) — which act as certified palm seed producers, running crossbreeding programmes for high-yield, drought-tolerant and disease-resistant seeds and developing proprietary molecular markers (e.g., for Ganoderma resistance and fruit-type differentiation). Field operations deploy drone sprayers, real-time GIS/GPS monitoring and a WebGIS platform integrated with SAP that uses data analytics and machine learning to compute block-level fertiliser requirements and yield predictions, alongside agronomic practices such as Vetiver soil conservation, recycling of Empty Fruit Bunches and Palm Oil Mill Effluent, and biological pest control.

The business model is asset-heavy and commodity-linked: revenue is generated through (1) sales of CPO, palm kernel and rubber/sugar/cocoa/tea commodities from the Plantation Division, and (2) sales of branded refined edible oils and fats to Indonesian consumers and industrial food manufacturers via Indofood's distribution network and direct B2B channels. Pricing is market-dependent — FY2025 domestic CPO averaged Rp14,234/kg and international CIF Rotterdam CPO averaged USD 1,283/tonne — with the Edible Oils and Fats Division applying competitive pricing, periodic price adjustments and advertising-led promotional support for brands such as Bimoli and Palmia. The group also earns ancillary revenue from oil palm seed sales (11.1 million units in 2025) and minority equity contributions from its 36.21% stake in Brazilian sugar/ethanol producer CMAA (Bússola) and its 30% JV interest in Philippine sugar producer Roxas Holdings via FP Natural Resources.

Name

Indofood Agri

Legal name

Indofood Agri Resources Ltd.

Website

https://indofoodagri.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Indofood Agri Resources (IndoAgri) is a Singapore-listed, vertically integrated Indonesian palm-oil group operating plantations, palm-oil mills, refineries and branded cooking-oil and margarine businesses (Bimoli, Palmia, Amanda) for domestic consumers, industrial food manufacturers and export markets.

Ownership category

akta.pro rank

Product category

Palm Oil and Edible Oils

NAICS

Soybean and Other Oilseed Processing (311224), Oilseed and Grain Farming (1111), Oilseed (except Soybean) Farming (11112)

SIC

Fats & Oils (2070), Agricultural Production-Crops (100)

akta.pro primary industry

Palm Oil Milling, Refining & Fractionation (AFAKAEAB)

akta.pro secondary industries

Tropical Oils & Fractions (Palm, Palm Kernel, Coconut) (AFAJALAD), Specialty & Tropical Oils Processing (Avocado, Sesame, Peanut, Rice Bran, Grapeseed) (AFAKAEAE)

Keywords

• Palm oil plantations
• Edible oils refining
• Consumer cooking oil
• Industrial margarine shortening
• Oil palm seed breeding

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Plantation Division: Revenue from cultivation, production and sale of CPO, PK and related products, crumb and sheet rubber, sugar, tea, cocoa and other products. The division operates 27 palm oil mills with 7.2m tonnes annual FFB capacity, 5 rubber processing facilities, 2 sugar mills and refineries. CPO production of 733,000 tonnes in FY2025; 85% of nucleus CPO production ISPO-certified.
2. Edible Oils and Fats Division: Revenue from refining CPO and producing branded consumer cooking oils (Bimoli, Bimoli Spesial, Happy), margarine (Amanda, Palmia, Royal Palmia), shortening, and specialty fats for consumer and industrial markets. Operates 5 refineries with 1.9 million tonnes annual CPO processing capacity. 93% of products sold domestically, rest exported across Asia, Africa, America and Middle East.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Indofood Agri Resources Ltd operates a vertically integrated agribusiness spanning R&D, oil palm seed breeding, cultivation, milling, refining, branding and marketing of cooking oil, margarine, shortening and other palm oil derivative products. The Plantation Division runs 27 palm oil mills (7.2 million tonnes annual FFB capacity) over 280,975 hectares of nucleus planted area, while the Edible Oils and Fats Division operates 5 refineries with 1.9 million tonnes annual CPO processing capacity, selling branded consumer products (Bimoli, Palmia, Amanda) and industrial products to food manufacturers.

Product overview

Indofood Agri Resources Ltd operates a vertically integrated agribusiness model spanning research & development, seed breeding, oil palm cultivation and milling, to the refining, branding and marketing of edible oil products. The company produces a diversified portfolio including consumer cooking oils (Bimoli, Bimoli Spesial, Happy), consumer margarines (Amanda, Palmia, Royal Palmia), and industrial margarine/shortening products (Amanda, Delima, Malinda, Palmia, Simas). The core business includes 5 refineries with 1.9 million tonnes annual CPO processing capacity, 27 palm oil mills, and plantation operations covering 280,975 hectares of nucleus planted area. The Edible Oils and Fats Division produces palm oil products for both domestic consumer markets (~93% of sales) and industrial customers, with products fortified with Vitamin A. The company also cultivates rubber, sugar cane, cocoa, and tea as part of its diversified agribusiness.

Differentiator

Problem solved

Functional benefit

Brands

• Bimoli: Consumer cooking oil brand
• Bimoli Spesial
• Happy
• Amanda
• Palmia
• Royal Palmia
• Delima
• Malinda
• Simas

Products and services

• Bimoli Leading Indonesian consumer cooking oil brand fortified with Vitamin A, sold for daily cooking applications across Indonesia.
• Bimoli Spesial Premium variant of Bimoli consumer cooking oil fortified with Vitamin A, positioned for discerning Indonesian consumers.
• Happy Consumer cooking oil brand sold domestically in Indonesia, fortified with Vitamin A.
• Palmia (Consumer) Consumer margarine brand marketed under 'Palmia, The Heart of Every Dish' campaign, fortified with vitamins for household cooking and food preparation.
• Amanda (Consumer) Consumer margarine brand marketed for household cooking and food preparation, fortified with vitamins.
• Royal Palmia Premium consumer margarine brand sold in the Indonesian domestic market, positioned above the standard Palmia line.
• Industrial Margarine and Shortening (Amanda, Delima, Malinda, Palmia, Simas) Industrial margarine and shortening products supplied directly to confectioneries, bakeries and food manufacturers under the Amanda, Delima, Malinda, Palmia and Simas brands.
• Crude Palm Oil (CPO) Primary product from oil palm milling, sold to external parties and supplied to internal refineries for further processing.
• Palm Kernel (PK) and Related Products Palm kernel and related products including Palm Kernel Oil (PKO) and Palm Kernel Expeller (PKE) derived from processing palm kernel seeds.
• Rubber (Crumb and Sheet) Processed rubber products from nucleus plantations, with crumb rubber processed at 3 facilities and sheet rubber at 2 facilities.
• Sugar Sugar produced from sugarcane plantations in South Sumatra and Central Java, with total production of 79,000 tonnes in 2025.
• Oil Palm Seeds High-yielding, drought-tolerant and disease-resistant oil palm seeds developed through SumBio and PT SAIN breeding programs, sold to external customers (11.1 million units sold in 2025).
• RBD Palm Oil Products Refined, Bleached and Deodorized (RBD) palm oil products including RBD palm olein and RBD palm stearin, used as inputs for further processing into cooking oils and specialty fats.
• Specialty Fats Specialty fats produced at refineries for consumer and industrial customers, including cocoa butter equivalents and other confectionery fats.
• Palm Fatty Acid Distillate (PFAD) Byproduct of palm oil refining sold to industrial customers for use in oleochemicals, biodiesel and other industrial applications.

Quantifiable outcome

• CPO production of 733,000 tonnes in FY2025, up 4% year-over-year
• +6 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• PT Salim Ivomas Pratama Tbk (PT SIMP)coreStrategic or Co-development PartnerSubsidiary listed on Indonesia Stock Exchange (IDX). IndoAgri operates through PT SIMP which manages strategically located estates and production facilities primarily cultivating oil palm, alongside sugar cane, rubber, and other crops. PT SIMP also listed on IDX.
• PT PP London Sumatra Indonesia Tbk (PT Lonsum)coreStrategic or Co-development PartnerSubsidiary listed on Indonesia Stock Exchange (IDX). PT Lonsum manages strategically located estates across Indonesia. IndoAgri holds majority stake in PT Lonsum.
• Companhia Mineira de Açúcar e Álcool Participações (CMAA)coreStrategic or Co-development PartnerIndoAgri holds 36.21% stake in CMAA, which operates three sugar and ethanol mills in Brazil with combined annual sugar cane crushing capacity of 9.7 million tonnes. CMAA processed 8.3 million tonnes of sugar cane in 2025, producing 682,000 tonnes of raw sugar, 266,000 m3 of ethanol and 378,000 MWh of electricity. 78% of cane production was Bonsucro-certified.
• BússolaminorStrategic or Co-development PartnerIndoAgri holds 36.21% stake in Bússola, which owns agricultural land in Brazil. Operations integrated with CMAA sugar and ethanol business.
• First Natural Resources LtdminorStrategic or Co-development Partner30:70 joint venture investment in Roxas Holdings Inc., an integrated sugar business in the Philippines. IndoAgri holds minority stake through this joint venture structure.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Wilmar International: Asia's largest agribusiness group with extensive palm oil plantations, refining and branded consumer edible oils. A key regional competitor in both B2B and consumer segments like IndoAgri's.
• Musim Mas: Privately held integrated palm oil company with plantations, refineries and downstream specialty products including soaps and oleochemicals, overlapping with IndoAgri's downstream ambitions.
• First Resources: Singapore-listed Indonesia-focused palm oil player with own plantations and processing, a close regional comparable on geography and business mix.
• IOI Corporation: Integrated palm oil producer with own plantations, refineries and specialty fats/oleo-chemical downstream businesses, closely matching IndoAgri's vertically integrated structure.
• Sime Darby Plantation: One of the world's largest palm oil plantation operators with integrated downstream activities and branded products, directly comparable to IndoAgri's upstream-to-downstream palm oil model.
• Astra Agro Lestari: Indonesia-based palm oil plantation operator majority-owned by the Astra Group, competing directly in nucleus plantation and CPO production.
• Golden Agri-Resources: Singapore-listed, Indonesia-focused palm oil and edible oils producer with similar end-to-end model (plantations to branded cooking oils), making it a direct Southeast Asian peer.
• Kuala Lumpur Kepong: Malaysian plantation group with refining and oleochemical operations, comparable in scale and vertical integration to IndoAgri's palm oil and fats value chain.

Regional players

• PT Sampoerna Agro: Indonesia-listed palm oil and rubber plantation company of similar size to parts of IndoAgri's plantation operations, a domestic peer in the same geography.

Broad incumbents

• Boustead Holdings: Diversified Malaysian conglomerate with significant palm oil plantation interests alongside other businesses, comparable in plantation scale but operating in a broader portfolio context.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Indofood Agri