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P U B L I C E X P O S E
PT Tunas Alfin Tbk
Leading Fine Packaging Manufacturer in Indonesia
IDX: TALF 2026
Batuceper · Cikupa · Cikande · Jombang
PT Tunas Alfin Tbk | TALF | Public Expose 2026
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Profil Perseroan Company Profile PT Tunas Alfin Tbk · Public Expose 2026
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Sekilas Mengenai Perseroan
Company Overview
PT Tunas Alfin Tbk ("TALF") adalah perusahaan manufaktur kemasan halus (fine 1977
packaging) yang telah berdiri sejak 1977. Saham Perseroan tercatat di Bursa Efek Tahun Berdiri / Est.
Indonesia sejak 2014 dengan kode saham TALF.
2014
Selama lebih dari empat dekade, Perseroan secara konsisten mengembangkan Listed IDX (TALF)
kompetensi produksi, meningkatkan kualitas produk, serta memperkuat kemitraan
jangka panjang dengan para pelanggan. 54.000 ton
Kapasitas Produksi Terpasang (per Tahun)
PT Tunas Alfin Tbk ("TALF") is a fine packaging manufacturer established in 1977,
listed on the Indonesia Stock Exchange since 2014 under stock code TALF. 152.677 m²
Total Lahan Fasilitas Produksi / Facilities Area
For over four decades, the Company has developed production capabilities, improved
product quality, and strengthened long-term customer partnerships. 4 Fasilitas
Production Facilities
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Profil Perseroan | Company Profile
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Perkembangan Usaha Perseroan
Company Business Development
1977 Pendirian / Establishment
Didirikan sebagai produsen kemasan halus di Indonesia.
Established as a soft packaging manufacturer in Indonesia.
2014 IPO — IDX: TALF
Saham Perseroan mulai diperdagangkan di Bursa Efek Indonesia.
The Company’s shares were listed in the Indonesia Stock Exchange.
2016 Akuisisi pabrik kemasan flexible Cikupa / Acquisition of Cikupa facility
Akuisisi fasilitas produksi kemasan fleksibel di Cikupa, mendiversifikasi kemampuan produksi.
Acquisition of flexible packaging production facility in Cikupa, further diversifying manufacturing capabilities.
2019 Akuisisi DAI (90%) / DAI Acquisition
Akuisisi 90% PT Dharma Anugerah Indah, fasilitas produksi kemasan paperboard dan offset printing.
Acquired 90% PT Dharma Anugerah Indah, a paperboard packaging and offset printing production facility.
2025 Perluasan fasilitas produksi baru di Cikande / Expansion of new Cikande facility
Ekspansi ke fasilitas yang lebih terintegrasi dan modern.
Expansion to more integrated and modern facility.
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Profil Perseroan | Company Profile
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Fasilitas Produksi
Production Facilities
01 Batuceper, Tangerang 02 Cikupa, Tangerang
Luas: 43.130 m² Luas: 15.335 m²
Kapabilitas / Capabilities: Kapabilitas / Capabilities:
Rotogravure printing, paperboard & flexible packaging Flexible packaging, extruder, solventless laminating, silicon coating
Sertifikasi / Certification: Sertifikasi / Certification:
ISO 9001:2015, FSSC 22000, Halal, SVLK ISO 9001:2015, FSSC 22000, Halal
03 Cikande, Serang 04 Jombang, Jawa Timur (DAI)
Luas: 41.600 m² Luas: 28.077 m²
Kapabilitas / Capabilities: Kapabilitas / Capabilities:
Expansion — high-speed rotogravure, solvent-free coating & laminating Offset printing, paperboard packaging
Sertifikasi / Certification: Sertifikasi / Certification:
ISO 9001:2015 ISO 9001:2015 & FSSC 22000
Total Kapasitas Produksi Terpasang / Total Installed Production Capacity: 54.000 ton per tahun
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Profil Perseroan | Company Profile
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Fasilitas Produksi (Lanjutan)
Production Facilities (continued)
Keseluruhan fasilitas produksi mencakup seluruh tahapan proses kemasan, dari pengolahan bahan baku hingga produk akhir sesuai
spesifikasi pemesan. Berikut adalah kesuluruhan kemampuan inti Perseroan:
All production facilities cover all stages of the packaging process, from raw material processing to the final product according to customer
specifications. The following are the overall Company’s core capabilities:
Solventless printing Solvent-free coating
Solvent-free lamination Slitting & bag making
Silicon coating (eco-friendly) Extruder — lid cup production
Pouch & three-side seal packaging Roll-to-roll / roll-to-sheet / roll-to-piece
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Profil Perseroan | Company Profile
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Standar & Sertifikasi Standards & Certifications PT Tunas Alfin Tbk | TALF | Public Expose 2026 Profil Perseroan | Company Profile
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Struktur Pemegang Saham
Shareholder Structure
Samuel S. Tika
PT Proinvestindo Public
(Director)
(91.61%) (8.14%)
(0.25%)
PT Tunas Alfin Tbk Minority Shareholders
(90.00%) (10.00%)
John Tika 19.37%
Bernardus Budiman 19.35%
Pieter Tika 12.91%
James Tika 12.90%
Morris Tika 12.90%
Emily Tika 12.91%
Others 9.66% PT Dharma Anugerah Indah
Total 100.00%
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Profil Perseroan | Company Profile
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Sekilas tentang Anak Perusahaan
Subsidiary at a Glance
PT Dharma Anugerah Indah (DAI) Kepemilikan: 90%
Didirikan / Founded 1986
Lokasi / Location Jombang, Jawa Timur
Kegiatan Usaha / Business Produksi kemasan paperboard berkualitas tinggi
Luas Lahan / Land Area 28.077 m²
Teknologi / Technology Offset printing
Sertifikasi / Certifications ISO 9001:2015 | FSSC 22000 Version 6
Produk / Products Kemasan paperboard terutama untuk segmen FMCG, personal care, dan farmasi
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Profil Perseroan | Company Profile
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Kinerja Perseroan Company Performance PT Tunas Alfin Tbk · Public Expose 2026
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Ikhtisar Finansial 2025
Financial Overview 2025
IDR 1.433 Bio IDR 89.806 Mio IDR 51.840 Mio IDR 1.333 Bio
Total penjualan / Laba usaha / Laba bersih yang dapat Jumlah ekuitas /
Total sales Operating income diatribusikan kepada pemilik Total equity
entitas induk /
Net profit attributable to equity
holders of the parent entity
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Kinerja Perseroan | Company Performance
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Ikhtisar Operasional 2025
Operational Overview 2025
849 29.706 Ton 28.534 Ton 6 SKU
Karyawan / Total produksi / Total penjualan Produk ramah
Employees Total production produk / lingkungan /
Total product sales Eco-friendly products
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Kinerja Perseroan | Company Performance
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Penjualan Neto Konsolidasi
Consolidated Net Sales
Dalam Juta Rupiah / In Million Rupiah
1,000,000 FMCG
2025: IDR 833.276 Mio
2024: IDR 678.022 Mio
800,000
600,000 Tobacco
2025: IDR 525.210 Mio
2024: IDR 608.645 Mio
400,000
200,000 Others
2025: IDR 74.445 Mio
0 2024: IDR 56.489 Mio
FMCG Tobacco Others
2024 2025
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Kinerja Perseroan | Company Performance
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Kinerja Ekonomi – Laba Rugi
Economic Performance — P&L
Dalam Juta Rupiah / In Million Rupiah
Penjualan / Sales
1,500,000 10%
2025: IDR 1.433 Bio
2024: IDR 1.343 Bio
8% 2023: IDR 1.263 Bio
1,400,000
6.3%
5.3% 6% Laba Usaha / Income from Operations
1,300,000 2025: IDR 89.806 Mio
3.7%
3.1% 4% 2024: IDR 41.856 Mio
3.0%
2023: IDR 66.805 Mio
1,200,000
1.4% 2%
Laba Tahun Berjalan / Income for the
Year
1,100,000 0% 2025: IDR 52.668 Mio
2023 2024 2025 2024: IDR 18.454 Mio
Revenue Operating Margin (%) Net Profit Margin (%) 2023: IDR 38.451 Mio
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Kinerja Perseroan | Company Performance
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Kinerja Ekonomi - Neraca
Economic Performance — Balance Sheet
Dalam Juta Rupiah / In Million Rupiah
2,000,000
Total Aset / Assets 2025
IDR 1.863 Bio
1,500,000 Vs IDR 1.836 Bio (FY24)
1,000,000 Total Liabilitas / Liabilities 2025
IDR 529 Bio
500,000 vs IDR 604 Bio (FY24)
Total Ekuitas / Equity 2025
-
Total Assets Total Liabilities Total Equity IDR 1.333 Bio
2023 2024 2025 vs IDR 1.232 Bio (FY24)
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Kinerja Perseroan | Company Performance
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Kinerja Ekonomi — Rasio Keuangan
Economic Performance — Financial Ratios
Rasio Likuiditas Rasio Solvabilitas Rasio Profitabilitas
Liquidity Ratio Solvency Ratio Profitability Ratio
FY24 FY25 FY24 FY25 FY24 FY25
Current Ratio Debt to Assets Ratio Return on Assets
1.71x → 1.95x 33% → 28% 1,01% → 2,83%
Quick Ratio Debt to Equity Ratio
Return on Equity
0.99x → 1.26x 49% → 40% 1,50% → 3,95%
Net Income Ratio
1,37% → 3,68%
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Kinerja Perseroan | Company Performance
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Strategi & Prospek Perseroan 2026 Company Strategy & Outlook 2026 “Menargetkan Pertumbuhan Moderat dengan Profitabilitas yang Stabil di 2026” “Targeting Moderate Growth and Stable Profitability in 2026” PT Tunas Alfin Tbk · Public Expose 2026
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Prospek Industri 2026
Industry Outlook 2026
Pergeseran Struktural Menuju Flexible Packaging Permintaan yang Resilien Didorong oleh FMCG
01 Structural Shift Towards Flexible Packaging 02 Resilient Demand Driven by FMCG
Produk flexible packaging masih menjadi segmen dengan pertumbuhan tercepat dan pasar Permintaan kemasan di Indonesia tetap ditopang oleh sektor-sektor utama seperti FMCG,
terbesar. Hal ini menguntungkan pemain dengan kapabilitas printing rotogravure, khususnya F&B, dan personal care, dengan pertumbuhan stabil di kisaran mid-single digit – didorong oleh
yang memiliki eksposur ke klien FMCG dan rokok dengan volume tinggi. tren konsumsi seperti urbanisasi, makanan praktis, dan daya beli rumah tangga.
Flexible packaging products remain the fastest-growing segment and the largest market. This Packaging demand in Indonesia continues to be supported by staple sectors such as FMCG, food
benefits converters with strong rotogravure printing capabilities, particularly those exposed to & beverage, and personal care, delivering steady mid-single-digit growth – driven by
high-volume FMCG and tobacco clients. consumption trends including urbanization, convenience foods, and stable household spending.
Tekanan Margin dari Volatilitas Harga Bahan Baku Transisi Menuju Sustainable Packaging
03 Margin Pressure from Volatility in Price of Raw Materials 04 Transition Towards Sustainable Packaging
Industri tetap kompetitif dari sisi harga, dengan diferensiasi yang terbatas di antara pemain Tekanan regulasi dan komitmen dari brand mendorong peralihan ke kemasan yang ramah
menengah serta tekanan tambahan dari produk impor. Volatilitas harga bahan baku lingkungan. Ini membuka peluang bagi pemain yang lebih awal beradaptasi untuk
utama (plastik, kertas, aluminium), yang disebabkan oleh gejolak geopolitik saat ini di Timur membedakan diri melalui material sustainable dan kapabilitas printing yang kompatibel.
Tengah, terus menekan stabilitas margin.
Regulatory pressure and brand-owner commitments are accelerating the shift toward
The industry remains price-competitive, with limited differentiation among mid-tier players and sustainable and eco-friendly packaging. This presents an opportunity for early movers to
increasing pressure from imports. Price volatility in key raw material (plastics, paper, aluminum), differentiate through sustainable materials and compatible printing capabilities.
caused by current geopolitical tension in the Middle East continues to challenge margin stability.
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Strategi & Prospek Perseroan 2026 | Company & Strategy Outlook 2026
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Strategi Perseroan Jangka Panjang
Long-term Company Strategy
Investasi Teknologi Informasi & Fasilitas Produksi Baru yang Ramah Lingkungan
01 Investment in IT & New Sustainable Production Facilities
Meningkatkan efisiensi mesin produksi melalui investasi teknologi solventless printing, solvent-free coating, dan solvent-free laminating yang lebih ramah
lingkungan untuk memenuhi permintaan FMCG dengan spesifikasi kompleks.
Improving machine efficiency through investments environmentally-friendly technology, including solventless printing, solvent-free coating, and solvent-free
laminating capabilities, catering to complex requirements demanded by FMCG clients.
Perluasan Fasilitas Produksi Baru di Cikande
02 Cikande New Factory Expansion
Perluasan pembangunan fasilitas baru rotogravure ke pabrik baru di Kawasan Industri Modern Cikande — tata letak lebih modern, terintegrasi, dan
berorientasi produktivitas tinggi.
Expanding rotogravure facilities to the new plant in Modern Cikande Industrial Complex – enabling a more modern plant layout and leaner production process,
oriented towards high productivity.
Diversifikasi Produk & Pasar Inti
03 Core Product & Market Diversification
Memperluas penetrasi ke kategori primary packaging di luar industri rokok, dengan memprioritaskan kemasan produk farmasi, FMCG, dan personal care
untuk mendukung pertumbuhan pendapatan jangka panjang.
Expanding market penetration in the primary packaging category beyond the tobacco industry, by prioritizing pharmaceutical, FMCG, and personal care products
packaging to support long-term growth.
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Strategi & Prospek Perseroan 2026 | Company & Strategy Outlook 2026
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Strategi Pertumbuhan 2026
Growth Strategy 2026
Optimalisasi Kapasitas Produksi & Efisiensi Biaya
01 Optimizing Equipment Capacity & Cost Efficiency
• Implementasi lean manufacturing • Implement lean manufacturing
• Pengurangan waste produksi • Minimize production waste
• Modernisasi mesin dengan peralatan • Modernize equipment with high-speed
berkecepatan tinggi dan ramah and environmentally-friendly machinery
lingkungan • Automate processes and quality control
• Otomatisasi proses dan quality control
Penguatan Pasar Inti Ekspansi Pasar Selektif
02 Strengthening Core Customers 03 Selective Market Expansion
• Memperdalam kemitraan strategis • Strengthen strategic partnerships • Pengembangan material kemasan • Develop environmentally friendly
• Pengembangan solusi kemasan • Develop premium and end-to-end ramah lingkungan packaging material
premium dan end-to-end packaging solutions • Ekspansi bertahap ke pasar ASEAN • Gradual expansion to ASEAN markets
• Implementasi model kolaborasi • Implement collaboration models • Fokus pada klien multinasional • Focus on multinational clients
• Penetrasi ke pasar lokal • Penetrate domestic regional markets • Pengembangan kemasan untuk • Develop packaging for pharmacy and
• Membangun kemitraan distribusi lokal • Establish local distribution partnerships sektor farmasi dan personal care personal care sectors
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Strategi & Prospek Perseroan 2026 | Company & Strategy Outlook 2026
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Proyeksi Keuangan 2026
Company Financial Performance — 2026 Projections
FY25 FY26
Penjualan Neto / Net Sales
Didorong oleh pertumbuhan organik dan inorganik dari berbagai segmen
IDR 1,433 Bio +5% IDR 1,503 Bio
Driven by organic and inorganic growth from various segments
Laba Kotor / Gross Profit
Meningkatkan efisiensi proses produksi sehingga menimalisir biaya pabrikasi +15%
IDR 157,7 Bio IDR 181,6 Bio
Improving production process efficiency, minimizing manufacturing overhead
Laba Usaha / Operating Income
Penurunan biaya umum dan administrasi memicu kenaikkan laba usaha
IDR 89,8 Bio +4% IDR 93,2 Bio
Reduction in general and administrative costs driving higher operating income
Laba Bersih / Net Income
Penurunan biaya keuangan memicu kenaikkan laba bersih
IDR 52,7 Bio +23% IDR 64,9 Bio
Reduction in finance costs driving higher net income
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Strategi & Prospek Perseroan 2026 | Company & Strategy Outlook 2026
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Informasi Penting Perseroan Important Company Information PT Tunas Alfin Tbk · Public Expose 2026
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Penandatanganan Perjanjian Panel Surya - Cikande
Photovoltaic Solar Panel Equipment Agreement — Cikande
Pada tanggal 30 Juni 2025, Perusahaan dan PT Centra Multi Suryanesia Aset (CMSA) telah menandatangani Perjanjian Pemanfaatan Peralatan
Panel Surya Fotovoltaik dengan jangka waktu Perjanjian selama 20 (dua puluh) tahun dengan nilai kontrak sebesar Rp10,1 miliar. PT CMSA
akan membangun, memiliki dan menyewakan Panel Surya Fotovoltaik termasuk semua peralatan terkaitnya (Pembangkit) dengan total kapasitas
1.302 kWp di tanah milik Perusahaan (Situs) yang berlokasi di pabrik Cikande. Pada tanggal 29 Desember 2025 dilakukan kick off yang
membahas antara lain mengenai timeline, pihak-pihak yang ditunjuk sebagai penanggungjawab pada TALF dan pemasok.
On June 30 2025, the Company and PT Centra Multi Suryanesia Aset (CMSA) have signed a Photovoltaic Solar Panel Equipment Utilization
Agreement with a term of 20 (twenty) years with a contract value of IDR10.1 billion. PT CMSA will build, own and lease Photovoltaic Solar
Panels including all related equipment (Generator) with a total capacity of 1,302 kWp on land owned by the Company (Site) located at the
Cikande factory. On December 29, 2025, a kick off was held which discussed, among other things, the timeline, the parties appointed as
responsible for TALF and vendors.
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Informasi Penting Perseroan | Important Company Information
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Penandatanganan SPPK BCA
Signing of BCA Letter of Credit Grant Notification
Perusahaan dan PT Bank Central Asia Tbk (BCA) telah menandatangani Surat Pemberitahuan Pemberian Kredit No. 00942/ALK-KOM/2025
tanggal 20 Juni 2025, yang merupakan perubahan dan perpanjangan terakhir dari Akta Perjanjian Kredit No. 37 tanggal 27 Juli 2021. Berdasarkan
Surat Pemberitahuan Perpanjangan Sementara No. 00466 tanggal 18 Februari 2026, BCA menyetujui perpanjangan fasilitas pinjaman jangka
pendek yang diberikan kepada Perusahaan sampai dengan tanggal 27 Mei 2026.
The Company and PT Bank Central Asia Tbk (BCA) have signed Letter of Credit Grant Notification No. 00942/ALK-KOM/2025 dated June 20,
2025, which is the latest amendment and extension of Credit Agreement Deed No. 37 dated July 27, 2021. Based on Temporary Extension
Notification Letter No. 00466 dated February 18, 2026, BCA agreed the extension of short-term loan facilities provided to the Company until May
27, 2026.
PT Tunas Alfin Tbk | TALF | Public Expose 2026 Informasi Penting Perseroan | Important Company Information
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Terima Kasih
Thank You
PT Tunas Alfin Tbk
IDX: TALF | www.tunasalfin.com
Batuceper · Cikupa · Cikande · Jombang
PT Tunas Alfin Tbk | TALF | Public Expose 2026
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PT Dharma Anugerah Indah
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PT Dharma Anugerah Indah Total
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PT Centra Multi Suryanesia Aset
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PT CMSA
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