Palm Oil Stocks Rally in Q1 2025, Triputra Agro Leads in Profit – But Are Shares Keeping Up?
Main Takeaways
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JAKARTA, investortrust.id – Indonesia’s publicly listed palm oil producers delivered strong financial results in the first quarter of 2025, fueled by higher crude palm oil (CPO) prices and falling fertilizer costs. But despite the robust earnings, share price performance in the sector has remained mixed.
According to financial disclosures from 23 plantation companies on the Indonesia Stock Exchange (IDX), nearly all reported year-on-year growth in both revenue and net profit. Only one company posted a net loss for the period.
Triputra Agro Posts Highest Profit
PT Triputra Agro Persada Tbk (TAPG) recorded the highest net income among peers, booking Rp 834.23 billion ($52 million) in Q1 2025—more than double the Rp 383.55 billion ($24 million) posted in the same period last year.
PT Salim Ivomas Pratama Tbk (SIMP) followed with Rp 577.21 billion ($36 million) in net profit, up from Rp 399.06 billion ($25 million), while PT Dharma Satya Nusantara Tbk (DSNG) saw its profit jump from Rp 229.29 billion to Rp 366.95 billion ($14 million to $23 million).
Several companies reversed losses into profits this quarter. These included PT FAP Agri Tbk (FAPA), PT Gozco Plantations Tbk (GZCO), PT Austindo Nusantara Jaya Tbk (ANJT), PT Jaya Agra Wattie Tbk (JAWA), and PT Andira Agro Tbk (ANDI).
The only palm oil producer still reporting losses was PT Mahkota Group Tbk (MGRO), although its deficit narrowed from Rp 40.52 billion to Rp 25.22 billion.
Market Response: A Mixed Picture
Despite the strong earnings momentum, share prices across the sector have remained largely stagnant year to date. Some major producers, including DSNG and PT Astra Agro Lestari Tbk (AALI), have seen declines.
The exception is PT Austindo Nusantara Jaya Tbk (ANJT), whose shares soared 144% in 2025 on the back of its acquisition by the Ciliandra Group.
Analysts noted that while fundamentals remain strong, investor sentiment may be tempered by concerns around sustainability practices and global CPO demand outlook.