JAKARTA - PT Sawit Sumbermas Sarana Tbk (SSMS) posted a net profit in the first quarter of 2025 of IDR 341.5 billion, an increase of 23.3 percent when compared to the same period in 2024 of IDR 276.9 billion.
Abdul Rasyid's issuer posted revenue for this period of IDR 3.7 trillion, an increase of 48 percent from the same period last year of IDR 2.5 trillion. The cost of goods sold this year is IDR 2.39 trillion, up 40 percent from IDR 1.74 trillion.
So that the gross profit for this period rose 68.5 percent to Rp1.3 trillion from the previous period of Rp771.4 billion in the first quarter of 2025. This positive gain raised the company's EBITDA by 14.9 percent to Rp739 billion from the previous Rp643 billion.
SSMS President Director Jap Hartono said that his party is optimistic that it will look to 2025 with a projected performance growth of around 10 percent, in line with the recovery in national palm oil production and a strengthened cost efficiency strategy.
According to him, this projection is realistic and in line with the trend of the national palm oil industry which has experienced an increase in production again.
"We're just talking about being realistic. If the national palm oil industry grows 10 percent, we also target growth of around 10 percent," he said in a public expose to SSMS, Thursday, May 8.
Jap menyampaikan peningkatan produksi minyak sawit Indonesia diperkirakan mencapai 48 juta ton setelah sempat turun menjadi 45 juta ton di tahun lalu, mencermin pemulihan sebesar 10 persen.
He said that his party took this momentum by boosting operations and efficiency, including through an external raw material purchase strategy that was more aggressive and invested in the supporting sector.
In addition, Jap said that his party will allocate a capital expenditure (Capex) of IDR 510 billion in 2025 which is focused on renovating workers' facilities, procuring heavy equipment, and rejuvenating production machines.
Meanwhile, the realization of Capex until the first quarter of 2025 has reached around 30-35 percent or Rp180 billion.
On the efficiency side, Jap emphasized the importance of cost control over market price speculation.
We always talk about costs. That's why we can control it. With cash costs of around $325 and breaks-even at $550, we can survive even though the CPO price is at its lowest level in the market range," he said.
Jap conveyed that the company's performance in the first quarter of 2025 recorded positive results supported by production efficiency, a just-in-time inventory management strategy, and an increase in export market absorption. Although export tax costs increased, this was supported by a significant increase in SSMS export volume.
In addition, he said that his party also continues to strengthen expansion into the downstream sector and is completing the construction of a 1,500 tonne refinery facility per day which is targeted to start operating later this year, as part of an downstream strategy and diversification of palm derivative products.
SSMS recorded an increase in yield to 7.5 tons per hectare in the first four months of 2025, from the previous 7.1 tons per hectare in 2024. With high productivity even at the age of 24 years of plants which still produce up to 23 tons per hectare, SSMS has not planned replanting until 2026.
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Jap mengatakan Plantasi paling produktif saat ini berada di Spontanme Estate (SMU), dengan yield mencapai 28.5 ton per hektare per tahun dan oil extraction rate (OER) sebesar 24 persen.
"SSMS also strengthens its commitment to environmental sustainability and emission reduction through the use of two biogas plant units that have been operating. The plant has had a significant impact on energy savings, especially on the needs of factories and residential areas for employees," he said.
He added that the company plans to build additional three biogas plants and two bio-CNG plants as part of a long-term sustainability strategy.
Jap emphasized that SSMS remains disciplined and responsible as an open company, especially in maintaining profitability and sustainability.
"We are not pursuing a bombastic number. What we are pursuing is sustainable growth, efficiency, and a real contribution to industry and society," he concluded.
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