Wilmar generated $67.4 billion in revenue last year, a 0.3% increase year-on-year. The agrifood giant earned $1.2 billion in annual profit, meaning its $729 million “security deposit” is equal to about 60% of Wilmar’s entire 2024 net income.
Indonesia’s Attorney General’s Office claims that corruption tied to these export permits cost the state 12.3 trillion rupiah ($755 million).
Two-thirds of Wilmar’s oil palm plantations are in Indonesia. Besides palm oil and cooking oil, Wilmar also produces other food products like rice, noodles and margarine for global markets.
