PT Indofood CBP Sukses Makmur Tbk (ICBP) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2025 reached Rp37.6 trillion, up 1.7% year-over-year, with strong contributions from the noodles and dairy divisions.

• Net income attributable to equity holders was Rp5.54 trillion, a 56.5% increase year-over-year, driven by improved operational efficiency and lower finance expenses.

• Gross profit margin declined to 34.9% from 37.8% year-over-year due to higher cost of goods sold.

• The company maintained a robust cash position and continued to invest in fixed assets and long-term growth.

Financial highlights

• Net sales: Rp37.6 trillion, up from Rp36.96 trillion year-over-year.

• Net income: Rp6.21 trillion, up from Rp4.38 trillion year-over-year; attributable to equity holders: Rp5.54 trillion.

• Gross profit: Rp13.12 trillion, down from Rp13.98 trillion year-over-year.

• Operating income: Rp8.48 trillion, down from Rp8.89 trillion year-over-year.

• Basic EPS: Rp475, up from Rp303 year-over-year.

• Total assets: Rp132.0 trillion, up from Rp126.0 trillion as of December 31, 2024.

• Total equity: Rp69.5 trillion, up from Rp67.0 trillion as of December 31, 2024.

Outlook and guidance

• Management continues to focus on maintaining healthy capital ratios and optimizing operational efficiency.

• The company is committed to ongoing capital expenditure and expansion, with significant commitments for fixed asset acquisitions.

• No formal earnings guidance provided, but the company aims to sustain growth and profitability amid market volatility.