First Resources Ltd. (singapore) · SGX:EB5
First Resources Ltd. (singapore) — First Resources — Shareholder Meeting (April 2026)
22 slides from First Resources Ltd. (singapore)'s shareholder meeting presentation, Apr 30, 2026
Slide 1: First Resources Limited Annual General Meeting
First Resources Limited Annual General Meeting 30 April 2026 Delivering Growth and Returns
Slide 2: Table of Contents
Table of Contents Group Overview 3 2025 Financial and Operational Highlights 8 Group Updates 16
Slide 3: Group Overview
Group Overview
Slide 4: About First Resources
About First Resources Locations Planted Area by Region 10% 27% 63% Riau, North Sumatra & Bangka Belitung West Kalimantan East Kalimantan 272,616 ha 45 to 90 1,350,000 FFB tonnes per hour tonnes per annum of Oil Palm Plantations of Mill Capacity of Processing Capacity Data as at 31 Dec 2025 -4-
Slide 5: Plantation Age Profile
Plantation Age Profile As at 31 Dec 2025 Age Age Profile Area (ha) % of Total Old Immature 0-3 years (Immature) 39,673 15% 30% 15% 4-7 years (Young) 22,048 8% Young 8% 8-17 years (Prime) 129,808 47% ≥ 18 years (Old) 81,087 30% Prime 47% Total 272,616 100% Weighted average age of 13.8 years -5-
Slide 6: Growth Strategy: Building on our Core Expertise
Growth Strategy: Building on our Core Expertise Upstream Agri- Develop and maintain high-quality plantation assets and ensure Business optimal milling capacity in line with FFB production growth Focus To achieve sustainable production growth Maintain our low-cost structure through best-in-clas
Slide 7: Dividend
Dividend Proposing final dividend of 10.20 Singapore cents per share Interim dividend of 4.50 Singapore cent per share paid in September 2025, bringing full- year ordinary dividends to 14.70 Singapore cents per share Revising dividend policy with effect from FY2026 To distribute up to 60% of
Slide 8: 2025 Financial and Operational Highlights
2025 Financial and Operational Highlights
Slide 9: Executive Summary – FY2025
Executive Summary – FY2025 Robust financial performance and production Financial Performance EBITDA of US$614.9 million, an increase of 54.1% Underlying net profit of US$358.2 million, an increase of 56.5% Strong financial performance underpinned by higher output and palm oil prices Increa
Slide 10: Income Statement Highlights
Income Statement Highlights US$’ million FY2025 FY2024 Change Sales 1,661.1 1,038.8 59.9% Cost of sales (965.4) (593.1) 62.8% Gross profit 695.7 445.7 56.1% (Loss)/gain arising from changes in fair value of biological (5.8) 22.7 n.m. assets EBITDA(1) 614.9 398.9 54.1% Net profit(2) 353.9 245.8 44.0%
Slide 11: Key Performance Metrics
Key Performance Metrics EBITDA and Cash Cost of Production US$/tonne 1,400 1,239 1,179 1,200 1,077 1,092 1,006 1,000 936 900 874 860 790 769 800 686 693 696 691 651 671 667 658 646 599 604 570 565 565 600 539 521 482 471 445 369 381 376 366 366 400 266 200 327 310 298 240 255 237 250 276 198 221 221
Slide 12: Key Performance Metrics
Key Performance Metrics EBITDA per Mature Nucleus Hectare(1) US$/ha 4,000 3,586 3,601 3,095 2,969 3,007 2,978 3,000 2,818 2,476 2,330 2,030 2,000 1,914 1,878 1,846 1,612 1,552 1,544 1,395 1,059 1,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (1) Refe
Slide 13: Balance Sheet Highlights
Balance Sheet Highlights US$’ million 31 Dec 2025 31 Dec 2024 Total Assets 2,892.6 1,951.8 Cash and bank balances 292.2 157.2 Total Liabilities 1,224.9 464.3 Borrowings and debt securities(1) 954.4 270.1 Total Equity 1,667.6 1,487.5 Net Debt(2) 662.2 112.9 Gross gearing ratio 0.57x 0.18x Net gearing
Slide 14: Operational Highlights
Operational Highlights FY2025 FY2024 Change Production FFB harvested (tonnes) 4,678,063 3,797,756 23.2% • Nucleus 4,030,741 3,266,856 23.4% • Plasma 647,322 530,900 21.9% CPO (tonnes) 1,303,493 1,003,922 29.8% PK (tonnes) 289,999 219,576 32.1% Efficiency FFB Yield (tonnes/ha) 20.8(1) 19.5 CPO Yield
Slide 15: Operational Highlights (FR exc. ANJ)
Operational Highlights (FR exc. ANJ) FY2025 FY2024 Change Production FFB harvested (tonnes) 4,113,994 3,797,756 8.3% • Nucleus 3,524,684 3,266,856 7.9% • Plasma 589,310 530,900 11.0% CPO (tonnes) 1,133,858 1,003,922 12.9% PK (tonnes) 254,998 219,576 16.1% Efficiency FFB Yield (tonnes/ha) 21.0 19.5 C
Slide 16: Group Updates
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Slide 17: Capital Investments in 2026
Capital Investments in 2026 Plantation Development Replanting of oil palms Conversion from rubber to oil palms Maintenance of immature oil palm plantations Property, Equipment and Others Infrastructure for plantation management CPO Mills Upgrading and maintenance of existing CPO mill
Slide 18: Updates
Updates RSPO Certifications In 2025, the Group received RSPO (Roundtable on Sustainable Palm Oil) certification for four additional subsidiaries, covering four mills and 28,676 hectares of plantations in Riau. Following the completion of the ANJ acquisition in May 2025, the existing RSPO certi
Slide 19: Question & Answer
Question & Answer
Slide 20: Thank You
Thank You
Slide 21: Contact Information
Contact Information If you need further information, please contact: Investor Relations [email protected] First Resources Limited 8 Temasek Boulevard #41-02 Suntec Tower Three Singapore 038988 Tel: +65 6602 0200 Fax: +65 6333 6711 Website: www.first-resources.com
Slide 22: Disclaimer
Disclaimer This presentation has been prepared by First Resources Limited (“Company”) for informational purposes, and may contain projections and forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These views are based on curr