JAKARTA - PT Industri Jamu and Pharmacy Sido Muncul Tbk (SIDO) earned a net profit of IDR 600.5 billion in the first semester of 2025.
In a financial report published on Thursday, July 31, it was also stated that SIDO's sales were recorded at IDR 1.83 trillion, down 3.5 percent on an annual basis.
The producers of Tolak Angin and Kuku Bima posted a gross profit of IDR 1.04 trillion, lower than the previous period of IDR 1.1 trillion. The gross margin fell from 58.2 percent to 56.9 percent.
Nevertheless, SIDO has succeeded in efficiency by reducing all expenses, including selling and marketing expenses as well as general and administrative expenses.
As a result, operating profit was recorded at IDR 746 billion. With lower tax burdens, the company's net profit is not much different from the same period last year.
In terms of balance sheet, SIDO's assets fell 7.3 percent to IDR 3.6 trillion. One of the causes of the decline was the decline in cash and cash equivalents by 27 percent to IDR 624 billion.
"SIDO shows strong resilience in maintaining profitability amid consumption challenges. Discipline in strategy execution is the key to our growth," reads SIDO's official report.
Export contributions also experienced significant growth of 17 percent on an annual basis, accounting for 10 percent of total revenue, an increase from 7 percent by the end of 2024.
strategic markets such as Nigeria, Malaysia, and the Philippines are the driving force for international expansion, along with localization strategies and regulatory adjustments.
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In an effort to maintain product relevance, SIDO launched three new products and variants in the second quarter of 2025, namely Healthy Milk Children, Sido Muncul Natural Sari Daun Salam, and Teh Tarik.
As of June 30, 2025, SIDO's cash position was recorded at IDR 624 billion, still solid even though the company had disbursed a final dividend of IDR 630 billion and made a share buyback of IDR 116 billion. The company also recorded a balance sheet position without debt.
SIDO is optimistic that it can achieve the full year 2025 target with sales growth and net profit above 5 percent, along with increased market penetration, international expansion, and strengthening product portfolios for the younger generation.
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