JAKARTA – PT Indofood Sukses Makmur Tbk (INDF) reported a net profit of IDR 8.64 trillion, up slightly by 6% year-on-year (yoy) in 2024.

According to INDF's 2025 Financial Report, the modest growth in net profit aligns with a revenue increase of only 4%, reaching IDR 115.79 trillion by the end of 2024.

The Consumer Branded Product (CBP) segment contributed the largest portion to revenue, totalling IDR 73.32 trillion.

Meanwhile, the Bogasari product segment contributed IDR 24 trillion, followed by the agribusiness segment with IDR 11.83 trillion, and the distribution segment with IDR 7 trillion.

Referring to the company's Public Expose sheet today (25/3), export market sales increased to 24%, although the Indonesian market still dominated with 76%.

Stagnant cost of goods sold and other expenses that grew proportionally allowed INDF’s gross profit and operating profit to rise by 11% and 17%, respectively, in 2024. However, the company’s financial expenses surged by 75.70%, slowing the growth of net profit.

According to data from IDNFinancials.com, INDF’s total assets grew to IDR 201.71 trillion by the end of 2024, with cash and cash equivalents amounting to IDR 38.71 trillion. (ZH)