STAA's Net Profit Grows 57.3 Percent In The First Quarter Of 2025

PT Sumber Tani Agung Resources Tbk (STAA), an integrated palm oil company in Medan, North Sumatra, recorded a net profit growth of 57.3 percent year on year (yoy) to Rp355 billion in the first quarter of 2025.

"This first-quarter performance shows that our operational foundation and business strategy are on track," said STAA Head of Investor Relations Kevin Wijaya as reported by ANTARA, Saturday, April 26.

Kevin said the increase in net profit emphasized the company's business model's toughness in turning market momentum into a growth opportunity, supported by adaptive price strategies, consistent cost efficiency, and increased operational productivity.

With the support of positive market dynamics and disciplined operational management, STAA posted revenue of IDR 1.666 trillion in the first quarter of 2025, growing 30.5 percent compared to the same period last year.

This performance is driven by an increase in the average selling price in all main product lines, including CPO, PK, and CPKO.

EBITDA was recorded at IDR 543 billion, up 39.6 percent yoy, with a strong EBITDA margin at 32.6 percent. This illustrates profitability that is maintained amidst external fluctuations.

Meanwhile, operating profit increased 50.3 percent yoy to IDR 457 billion.

Net profit attributable to owners of the parent entity (PATMI) reached Rp305 billion, grew 54.2 percent yoy.

In terms of operations, the total production of fresh fruit bunches (FFB) reached 239,874 tons, an increase of 9.7 percent compared to the previous year.

This growth was supported by an increase in core garden productivity by 8.7 percent and plasma by 19.3 percent.

Yield per hectare also showed healthy growth, and an increase of 8.8 percent (core) and 14 percent (plasma), respectively, thanks to the application of precision and adaptive acronomy practices.

The growth trend is also reflected in the production of CPO and PK, which increased by 10.1 percent and 11.4 percent yoy, respectively.

The right pricing strategy also supports margins, with the average net selling price of CPO reaching IDR 14,630 per kg (20.5 percent yoy), while PK and CPKO prices jumped sharply by 90.7 percent and 98.3 percent yoy, respectively.

In balance, the company's total assets as of March 31, 2025 grew 6.3 percent to Rp8.592 trillion.

Equity rose to IDR 6.267 trillion, maintaining a healthy capital structure, with a debt-to-asset ratio at 0.27 and a debt-to-equity of 0.37, which shows a prudent financial position and is ready to support future expansion.

"We remain optimistic that this year can make a sustainable positive contribution to shareholders and stakeholders," said Kevin.