PT Japfa Comfeed Indonesia (JPFA) Q3 2025 earnings summary

Executive summary

• Net sales for 9M2025 reached IDR 43.1 trillion, up 4.4% year-over-year, with growth across all business segments and operating profit up 2.6%.

• Net profit attributable to owners was IDR 2.63 trillion, with total assets at IDR 37.3 trillion as of September 2025.

• The company is the second largest poultry feed and DOC producer in Indonesia, with a vertically integrated model and over 50 years of experience.

• Maintains a nationwide footprint, significant economies of scale, and a diversified domestic and export market base.

• All business segments reported year-over-year sales growth.

Financial highlights

• 9M2025 revenue: IDR 43.1 trillion (+4.4% y-o-y); operating profit: IDR 3.92 trillion (+2.6% y-o-y); EBITDA: IDR 4.83 trillion (+4.2% y-o-y); PAT: IDR 2.63 trillion (+17.3% y-o-y).

• Gross profit for 9M2025 was IDR 8.71 trillion, with a gross margin of 20.2%.

• Earnings per share for the period was IDR 207.

• CAPEX for 9M2025 was IDR 1.03 trillion, down from IDR 1.55 trillion in 9M2024.

• Cash and cash equivalents at period end were IDR 1.72 trillion.

Outlook and guidance

• Long-term prospects for protein consumption in Indonesia remain strong, with ample room for growth given low per capita poultry consumption.

• Plans to strengthen downstream business, expand poultry processing, and grow retail sales both offline and online.

• Management focuses on maintaining healthy capital ratios and optimizing funding sources.

• The company is monitoring commodity price and foreign exchange risks, with hedging strategies in place.