Jakarta, hitclubapk3 Indonesia
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PT Perkebunan Nusantara
IV PalmCo set a cash dividend of IDR 1.5 trillion to shareholders/state after posting a booming 2024 financial performance.
This decision was taken at the PTPN Group Annual General Meeting of Shareholders (AGMS) which was held at the PTPN III (Persero) Holding office, November 19 2025.
The size of the dividend reflects the improvement in the fundamental performance of the state-owned plantation company over the last two years.PalmCo’s consolidated financial report recorded a 2024 net profit of IDR 3.76 trillion, up 49 percent compared to the previous year which was IDR 2.53 trillion.
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PalmCo President Director, Jatmiko Santosa, said this achievement was the real result of the restructuring and efficiency carried out by the company since the PTPN consolidation process.
“2024 is an extraordinary year for PalmCo. The transformation we are carrying out is starting to show a significant impact,” said Jatmiko in an official statement.
The performance that supports the determination of the jumbo dividend is reflected in a number of financial indicators.Operational cash flow (AKO) was recorded to have jumped to IDR 11.9 trillion, or grew 154 percent annually.This surge in cash flow indicates that the company’s liquidity conditions are getting stronger.
On the operational side, PalmCo’s revenue reached IDR 38.9 trillion, driven by an increase in crude palm oil (CPO) sales volume of 12.6 percent compared to the previous year.
Cost efficiency strategies and business process structuring are considered successful in driving profitability.The company recorded an EBITDA margin of 23.37 percent and a net profit margin of 9.64 percent.
“This 49 percent increase in net profit shows that PalmCo is on the right track to become a major player in the global palm oil industry,” said Jatmiko.
PalmCo’s improved performance is also reflected in external assessments.The PEFINDO rating agency raised the company’s rating from Single A- to Single A for the 2024 financial year, with the predicate Healthy.The company’s total assets also increased by around 9 percent.
Apart from that, Jatmiko conveyed PalmCo’s commitment to maintaining this positive performance.
“We will continue to strengthen efficiency, increase productivity and expand our role as the largest provider of sustainable palm oil in the world,” said Jatmiko.
Meanwhile, PalmCo’s Director of Finance and Risk Management, Hilda Savitri, said the rating increase was a signal of increasing confidence in the company’s fundamentals.
“This reflects improving governance and the company’s ability to maintain growth momentum,” said Hilda.
This AGMS emphasizes PalmCo’s readiness to face the challenges of the dynamic global palm oil industry, while ensuring a sustainable contribution to state revenues and providing a strong foundation for the company’s participation in the Government’s food and energy security programs.The IDR 1.5 trillion dividend paid from 2024 profits is proof that internal transformation and disciplined strategy execution are starting to produce real results.
(har)
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