Kusuma Kemindo Targets Expansion In Two Cities

JAKARTA - PT Kusuma Kemindo Sentosa Tbk (KKES), distributors and importers of chemicals and raw materials for various industries, including food, construction, manufacturing, and textiles in public exposes, Thursday, June 26, explained the expansion plan in the form of opening new branches in two cities, namely Medan, North Sumatra and Denpasar, Bali.

Kiki Rusmin Sadrach, President Director of PT Kusuma Kemindo Tbk stated that the opening of the new representative office aims to strengthen the distribution of chemicals and raw materials and increase sales and services to customers in the West and Central Indonesia region.

"The company will adjust the opening schedule in 2025 according to market developments and industrial conditions," said Kiki.

Melly Elita, Director and Corporate Secretary added that currently the company already has four branch offices located in Bandung, Semarang, Surabaya and Cirebon and one head office located in Jakarta. KKES has a warehousing area of approximately 5,000 m2 serving around 3,000 consumers in Indonesia.

On the same occasion, the subsidiary of PT Catur Sentosa Adiprana Tbk (CSAP) also explained the latest financial performance, namely the financial statements in the first quarter of 2025. In this period, the company posted revenues of IDR 47.73 billion, correcting the performance of the previous year, which was IDR 56.99 billion.

This revenue was supported by the performance of 6 business segments in the Company's business portfolio, namely: 1) Chemical segment for the skin and synthetic industry; 2) Chemical segment for paint, coating, ink, thinner, plastic and resin; 3) Chemical segment for adhesive, textile, rubber, foam, sole; 4) Chemical segment for food and beverage; 5) Chemical segment for aluminum construction and stores; and finally 6) Chemical segment for wood finishing.

If traced based on the contribution, the Paint, Coating, Ink, Thinner, Plastic, Resin segment posted revenues of IDR 20.67 billion, equivalent to a contribution of 43.31 percent to total revenue or the largest among other segments. Followed by the Adhesive, Textile, Rubber, Foam, Sole segments with revenues of IDR 13.47 billion, equivalent to 28.23 percent contribution.

This segment grew 10.62 percent compared to the same period the previous year, showing growth in demand or effectiveness of marketing strategies. The segment with the third largest contribution was the Leather, Synthetic segment which earned revenue of IDR 4.13 billion, equivalent to 8.66 percent of total revenue.

Furthermore, the Wood Finishing (Furniture, Door, Frame, Coffin, Instruments) segment recorded IDR 3.82 billion, accounting for 8.01 percent. Construction & Aluminum posted revenue of IDR 3.06 billion, or 6.41 percent of the total revenue.

Finally, the Food & Drink segment recorded a achievement of IDR 2.57 billion, with a contribution of 5.38 percent. The Food & Drink segment increased significantly in the first three months of 2025, which was 21.92 percent compared to last year.

Of the six segments owned by the Company, three segments experienced positive growth, where another segment with positive growth was the Wood Finishing segment, which grew 2.15 percent.

The gross profit in the first three months of 2025 was recorded at Rp6.62 billion, a decrease compared to the previous period. Profit/loss of operation recorded a negative figure (Rp656 million). Meanwhile, pre-tax losses reached Rp1.80 billion, with current year losses of Rp1.42 billion.

In terms of balance sheet, the company recorded an increase in assets from Rp108.82 billion at the end of 2024 to Rp146.89 billion as of March 31, 2025 (year to date), reflecting solid growth in financial structure.

Melly Elita in a public expose explained that current assets experienced a significant increase, showing strengthening operational liquidity.

"On the other hand, liabilities are also increasing along with business expansion and operational needs, with total liabilities reaching IDR 83.29 billion at the end of the first quarter of 2025, compared to IDR 43.80 billion at the end of 2024," he explained.

The company expressed optimism for business prospects in 2025, despite economic challenges, including exchange rate fluctuations in the first half of this year. Management has a solid strategy to maintain growth and strengthen business fundamentals, with the belief that performance will improve until the end of this year.

The company sees promising growth opportunities in the food, cosmetic, clean water management sector, infrastructure, construction, plastic, pipeline and roof of PVC, cleanliness, furniture and other communications. The company will make its best efforts to increase market share in these sectors. This is the Company's main focus and achieves a 2025 revenue target of IDR 243.52 billion," concluded Kiki Rusmin Sadrach in a statement to the media.