Cod liver oil (CLO) contains essential fatty acids and has a high price in the market. Therefore, CLO can be targeted for adulteration to increase economic profits. One of the substances used for adulteration of CLO is lard. This study aimed to analyze the spectral profile of lard and CLO in cod liver oil emulsion using Fourier transform infrared (FTIR) spectroscopy combined with principal component analysis (PCA). Lard and CLO were mixed with a range of concentrations of 0-100% used as the control. CLO emulsions were made with a composition of lard and CLO in concentrations similar to those of the control. To analyze the lard and CLO spectrum, lard and CLO were extracted from the emulsion using liquid-liquid extraction, and then the oil extracted from the emulsion was analyzed using FTIR spectroscopy and PCA. Fourier transform infrared spectrum absorption at region 1117–1098 cm-1 is specific to identifying the different spectrums of CLO and lard. The results of PCA showed that clustering between similar oil content and a combination of FTIR and PCA is effective in distinguishing the spectrum of lard and CLO in cod liver oil emulsion.