JAKARTA – PT Trisula International Tbk (TRIS), a textile and garment issuer, is optimistic about achieving double-digit growth in 2025 despite the expected challenges faced by the textile and textile products (TPT) industry.

According to the Indonesian Filament Yarn and Fiber Producers Association (APSyFI), the TPT industry requires strategic government support to overcome the pressures it is experiencing.

“With decades of experience, we are confident in facing the industry’s challenges through adaptive strategic measures. Our commitment to prioritize customer needs and provide the best service is the foundation of maintaining the company's performance,” said Widjaya Djohan, President Director of TRIS, in an official statement on Friday (24/1).

By the third quarter of 2024, TRIS recorded sales of IDR 1.08 trillion, up 4% compared to the same period the previous year. Net profit also rose by 16%, from IDR 53.77 billion to IDR 62.23 billion.

Approximately 60% of TRIS' total sales, or around IDR 637.95 billion, came from exports, showing TRIS' strength in competing in international markets despite the pressure from imported products in the domestic market.

TRIS also maintains strong operational cash flow, amounting to IDR 112.88 billion, with a debt-to-equity ratio of 0.29x.

The company has four subsidiaries in the production sector, including PT Trisco Tailored Apparel Manufacturing and PT Trimas Bellindo Apparel Manufacturing, which focus on uniforms, sportswear, and casual wear.

TRIS operates through six internal distributors, reaching both domestic and international markets. Its subsidiaries, such as PT Mido Uniforms in Singapore and Trisco Tailored & Woven International Ltd in the United States, strengthen its international network.

Through a business diversification strategy, TRIS continues to expand its portfolio to reduce risks associated with dependence on a single segment.

Support from subsidiaries in the fabric sector, such as PT Trisula Textile Industries Tbk (BELL), further strengthens TRIS' position in the TPT market. (DK/ZH)