Wilmar paid in 2025 US$709 million For a mistake made in 2021. This is not a typing error. Indonesia’s Supreme Court found five Wilmar subsidiaries guilty of corruption, specifically, of illegally profiting from cooking oil export permits during a national supply crisis four years ago. Compensation and fines amounted to IDR 11.9 trillion. At the time, this figure was equivalent to approximately 60% of Wilmar’s entire annual net profit. The headlines were cruel and A leading broker gave a ‘Sell’ rating with a S$2.50 target price.. However, the atmosphere in the auditorium at the annual general meeting held last week was not one of crisis. It was one of quiet confidence. Here’s what I learned from the 2026 Wilmar International AGM. 1. There is a provision for fine; There is no question of prestige. Management’s position at the AGM was clear: Indonesia’s fine has been paid and is reflected in the financial position. Now, it’s time…
