Business Summary: Sipef NV is a Belgium-based agro industrial company. It mainly holds majority stakes in tropical plantation businesses that it manages and operates. It is geographically diversified and produces mainly palm oil as well as other commodities, such as rubber, tea and bananas in Indonesia, Papua New Guinea and Ivory Coast. Furthermore, Sipef NV provides management and marketing services to third parties. The Company’s business segments are Palm products, Rubber, Tea, Bananas and Plants, as well as Insurance. The Insurance business segment operates through the insurance group BDM NV-ASCO NV, which is mainly engaged in offering maritime and industrial insurance to medium-sized businesses and multinationals through brokers. It operates through PT Agro Muko.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2025, SIPEF NV revenues increased 29% to $570.4M. Net income increased 91% to $125.4M. Revenues reflect Palm segment increase of 32% to $522M, Bananas and Plants segment increase of 9% to $46.9M, Indonesia segment increase of 31% to $315.4M, Papua New-Guinea segment increase of 32% to $206.6M. Net income benefited from Exchange differences - Balancing value increase from $3.9M (expense) to $880K (income).