Back to announcement
20251029_CSRA_Laporan Informasi dan Fakta Material_31980293_lamp2.pdf
Other Text extracted CSRASource file signed link, expires in 15 minutes
Extracted text 9
Page 1
PRESS RELEASE
For Immediate Release
CSRA Anniversary – 28 October 2025
SUSTAINABLE IMPLEMENTATION OF BEST AGRONOMIC PRACTICES:
Sales surged sharply by 75.9%, and net profit jumped by 70.6%
JAKARTA, October 29, 2025 – In a volatile environment PT Cisadane Sawit Raya Tbk (Bloomberg Stock
Code: CSRA IJ) Today announced its financial and operational performance results for the third quarter
period ended September 30, 2025, hereinafter referred to as 9M25.
Key Highlights:
❖ The strong financial position reaffirms CSRA’s commitment to sustainable growth
Revenue surged by 75.9% to Rp1.33 trillion from Rp758.78 billion in 9M24, while operating profit
increased by 43.9% to Rp302.4 billion, with an operating margin of 22.7%. This growth was primarily
driven by higher CPO and kernel production, as well as an increase in the average selling price
compared to the same period last year.
❖ Operational excellence and efficiency in sustaining business growth momentum
Net profit rose sharply to Rp213.92 billion, representing a 70.6% increase from Rp125.39 billion in
the corresponding period of the previous year. The net profit margin, however, slightly decreased
from 16.5% to 16.0%.
❖ Solid financial foundation positions CSRA to navigate market fluctuations effectively
Total assets amounted to Rp2.53 trillion, with a significant increase in cash reserves to Rp247.38
billion, up from Rp133.27 billion as of December 31, 2024. The company’s total liabilities as of 9M25
reached Rp1.03 trillion, compared to Rp952.72 billion at the end of 2024, while equity rose
significantly to Rp1.50 trillion from Rp1.29 trillion at the end of 2024.
❖ Corporate rating at single A-, maintaining focus on capitalizing on every opportunity
The interest-bearing debt to equity ratio stood at 0.54, lower than the 2024 level of 0.59x. In addition,
the current ratio indicated a safe level at 1.69x, with a debt-to-EBITDA ratio of 2.41x and net debt-
to-EBITDA at 1.83x, still within a comfortable range. CSRA also completed its corporate rating based
on the financial statements as of June 30, 2025, receiving a single A- rating with a stable outlook from
Pefindo. The rating period spans from October 7, 2025, to October 1, 2026.
❖ CSRA Share Buyback and Interim Dividend for Fiscal Year 2025
With a solid financial foundation, management has decided to distribute an interim dividend for the
fiscal year 2025 of Rp12.20 per share, totaling Rp25,010,000,000, to shareholders recorded as of
October 8, 2025. Around the same time, the Company also conducted a CSRA share buyback of up to
90 million shares to enhance trading activity, with the buyback period running from September 16,
2025, to December 15, 2025.
1
HEAD OFFICE MEDAN OFFICE
Komplek CBD Pluit Blok R2 No. B-25 Jl. Karsa No.25 (Sei Agul)
Jl. Pluit Selatan Raya, Jakarta Utara 14440 Medan 201
T +6221 6667 3312-15 T +6261 661 4328
F +6221 6667 3310-11 F +6261 662 7913
Page 2
PRESS RELEASE
For Immediate Release
CSRA Anniversary – 28 October 2025
Consolidated Income Statement Summary
In Rp Billion 9M25 9M24 Change (%)
Sales Revenue 1,334.65 758.78 75.9%
Gross Profit 479.26 346.38 38.4%
Gross Margin (%) 35.9% 45.6%
Operating Profit 302.42 210.04 43.9%
Operating Margin (%) 22.7% 26.7%
EBITDA 426.67 284.15 50.2%
EBITDA Margin (%) 31.9% 37.5%
Net Income 213.92 125.39 70.6%
Net Income Margin (%) 16.0% 16.5%
High productivity boosts business growth potential
Efficiency and innovation have delivered positive results, supported by increased sales and strict cost
control. The Company recorded revenue of Rp1.33 trillion, up from Rp758.78 billion in 9M24. This growth
was driven by a significant increase in CPO and kernel production following the full operation of the
Company’s three mills, as well as higher average selling prices on a year-on-year basis. CPO selling prices
rose approximately 15.7% YoY in 9M25, while FFB and kernel selling prices increased by 24.3% and 69.4%
YoY, respectively.
The Company anticipates long-term production growth, as most of its plantations have reached prime
maturity. It actively carries out sustainable replanting using high-quality seed varieties. CSRA prioritizes
increasing oil palm yields on existing plantations by systematically implementing a measured fertilization
strategy. This proactive approach not only enhances productivity but also ensures the long-term
sustainability of the Company’s operations. In 9M25, FFB yield reached 14.1 tons/ha, up from 13.6 tons/ha
in 9M24, driven by sound agronomic practices.
2
HEAD OFFICE MEDAN OFFICE
Komplek CBD Pluit Blok R2 No. B-25 Jl. Karsa No.25 (Sei Agul)
Jl. Pluit Selatan Raya, Jakarta Utara 14440 Medan 201
T +6221 6667 3312-15 T +6261 661 4328
F +6221 6667 3310-11 F +6261 662 7913
Page 3
PRESS RELEASE
For Immediate Release
CSRA Anniversary – 28 October 2025
Table 1. Production Highlights
9M25 9M24
Planted Area (in HA) 20,557.5 19,770.6
FFB Nucleus (in MT) 249,237 235,086
Yield TBS (ton/ha) 14.1 13.5
CPO Production (in MT) 68,590 43,744
OER 20.4% 21.1%
Kernel Production (in MT) 15,616 9,323
KER 4.6% 4.5%
The Company consistently implements a comprehensive risk management approach across all operational
lines, grounded in core values that form the foundation of its corporate culture. This approach is reflected
in CSRA’s risk management framework, which emphasizes the principle of prudence in managing both
financial and non-financial aspects to ensure long-term business sustainability and resilience.
This strong management enabled the Company to achieve a gross profit of Rp479.26 billion in 9M25,
reflecting a 38.4% increase from Rp346.38 billion in 9M24, with a margin of 35.9%, down from 45.6% in
9M24. The growth in gross profit was primarily supported by the increase in sales achieved by the
Company.
The Company has consistently implemented a sustainable business strategy to maintain positive
momentum in its performance. CSRA recorded an operating profit of Rp302.42 billion in 9M25, reflecting
a 43.9% increase from Rp210.04 billion in 9M24, with a margin of 22.7%, compared to 27.7% in the same
period last year. This strong operating performance positively contributed to robust net profit of Rp213.92
billion in 9M25, up 70.6% YoY from Rp125.39 billion in the same period last year.
Table 2. Highlights of Consolidated Statement of Income
In Rp billion
9M25 9M24 %
Sales Revenue 1,334.65 758.78 75.9%
Cost of Goods Sold -855.39 -412.4 107.4%
Gross Profit 479.26 346.38 38.4%
Gross Profit Margin 35.9% 45.6%
Operating Expense -176.8 -136.34 29.7%
Operating Profit 302.42 210.04 16.1%
3
HEAD OFFICE MEDAN OFFICE
Komplek CBD Pluit Blok R2 No. B-25 Jl. Karsa No.25 (Sei Agul)
Jl. Pluit Selatan Raya, Jakarta Utara 14440 Medan 201
T +6221 6667 3312-15 T +6261 661 4328
F +6221 6667 3310-11 F +6261 662 7913
Page 4
PRESS RELEASE
For Immediate Release
CSRA Anniversary – 28 October 2025
9M25 9M24 %
Operating Profit Margin 22.7% 27.7%
Gain Arising from Changes in Fair Value of
Biological Assets 43.65 30.47 43.3%
Gain (Loss) on Foreign Exchanges – Net 0.1 0.1 0.0%
Tax Penalties and Expenses 0.0 0.0 0.0%
Others – Net -0.01 -0.01 0.0%
EBIT 351.67 215.17 63.4%
EBIT Margin 26.3% 28.4%
Finance Income 0.73 1.48 -50.7%
Finance Costs -42.65 -43.64 -2.3%
Income Before Tax 213.92 171.53 70.6%
Income Tax -95.09 -46.13 106.1%
Income for the period 213.92 125.39 70.6%
Net Income Margin 16.0% 16.5%
Non-Controlling Interest 0.00 0.00 0.0%
Income for The Year Attributable To Owners of
the Parent Entity 213.92 125.39 70.6%
EBITDA 426.67 284.15 50.2%
EBITDA Margin 31.9% 37.5%
The Company’s performance aligns with its projected financial targets
Management’s strategic initiatives have successfully strengthened the financial position and established
a solid foundation for growth, supported by strict cost management. This has enhanced confidence in
CSRA’s ability to achieve its financial targets by the end of 2025. Total assets as of September 30, 2025,
stood at Rp2.53 trillion, up 12.4% from FY24’s Rp2.25 trillion. The most significant increase came from
productive and liquid current assets, which rose 36.8% in 9M25 compared to FY24. Non-current assets
increased by 6.1%, from Rp1.79 trillion to Rp1.89 trillion during this period, mainly driven by the growth
in fixed asset, plant, and equipment net of accumulated depreciation.
Total liabilities in 9M25 reached Rp1.03 trillion, up 8.2% compared to the end of 2024. Long-term bank
loans amounted to Rp657.67 billion, reflecting a 6.3% decrease from the end of 2024 after deducting
current maturities. In addition, current liabilities rose 48.8% due to the repayment of long-term bank loans
that had matured.
4
HEAD OFFICE MEDAN OFFICE
Komplek CBD Pluit Blok R2 No. B-25 Jl. Karsa No.25 (Sei Agul)
Jl. Pluit Selatan Raya, Jakarta Utara 14440 Medan 201
T +6221 6667 3312-15 T +6261 661 4328
F +6221 6667 3310-11 F +6261 662 7913
Page 5
PRESS RELEASE
For Immediate Release
CSRA Anniversary – 28 October 2025
Equity stood at Rp1.50 trillion as of September 30, 2025, up 15.5% from the end of 2024, driven by
retained earnings from the surge in revenue during the current period. CSRA’s financial position
underscores management’s commitment to enhancing business operations and management practices.
This strategy serves as a key indicator of the Company’s long-term sustainability and growth potential. A
solid financial foundation positions the Company to effectively withstand market fluctuations and pursue
strategic opportunities.
Table 3. Consolidated Statement of Financial Position
In Rp Billion
9M25 FY24
ASSETS
CURRENT ASSETS
Cash and cash equivalents 247.38 133.27
Trade Receivables from Third Parties - Net 30.3 18.37
Other Receivables from Third Parties 5.65 4.72
Inventories - net 55.48 41.84
Biological Assets 235.40 191.76
Prepaid Taxes 19.70 32.42
Advanced and Prepaid Expenses 39.85 40.91
TOTAL CURRENT ASSETS 633.86 463.27
NON-CURRENT ASSETS
Due from Related Parties 7.45 11.95
Plasma Receivables 66.79 67.93
Investment Properties 0.59 0.68
Bearer Plants:
- Mature Plantation - Net of Accumulated Depreciation 541.22 560.73
- Immature Plantations 200.23 175.90
- Nurseries 9.80 15.00
Fixed Assets - Net of Accumulated Depreciation 1,036.44 920.31
Tax Amnesty Assets - Net of Accumulated
Deferred tax asset - 0.03
Other Assets 19.95 20.77
Goodwill 14.67 14.67
TOTAL NON-CURRENT ASSETS 1,897.16 1,787.99
TOTAL ASSETS 2,531.02 2,251.26
LIABILITIES
Trade payables 67.97 50.59
Other Payables 24.30 29.25
Taxes Payables 34.12 16.32
5
HEAD OFFICE MEDAN OFFICE
Komplek CBD Pluit Blok R2 No. B-25 Jl. Karsa No.25 (Sei Agul)
Jl. Pluit Selatan Raya, Jakarta Utara 14440 Medan 201
T +6221 6667 3312-15 T +6261 661 4328
F +6221 6667 3310-11 F +6261 662 7913
Page 6
PRESS RELEASE
For Immediate Release
CSRA Anniversary – 28 October 2025
9M25 FY24
Accrued Expenses 15.83 14.56
Advances from customers 4.22 1.09
Long-term Liabilities - Current Maturities:
- Bank Loans 215.05 134.200
- Consumer Financing Loans 2.98 3.28
-Rent financing Loans 0.90 1.45
TOTAL CURRENT LIABILITIES 373.11 250.76
Due to Related Party 33.23 33.23
Long-term Employee Benefits Liability 53.34 57.11
Deferred Tax Liabilities 68.98 56.98
Long-term Liabilities - Net of Current Maturities:
- Bank Loans 500.30 551.82
- Consumer Financing Loans 1.81 2.81
TOTAL NON-CURRENT LIABILITIES 657.66 701.96
TOTAL LIABILITIES 1,030.77 952.72
EQUITY
Equity attributable to owners of the Parent Entity 1,500.23 1,298.53
Non-controlling interests 0.015 0.015
TOTAL EQUITY 1,500.24 1,298.54
TOTAL LIABILITY AND EQUITY 2,531.02 2,251.26
Key Financial Ratios
In 9M25, CSRA successfully maintained lean operational cost efficiency, consistent with its revenue
growth trend. The Company’s gross margin stood at 35.9% in 9M25, down from 45.6% in 9M24, primarily
due to higher Fresh Fruit Bunch purchasing costs. Conversely, at the operational level, the operating
margin decreased to 22.7% in 9M25 from 27.7% in 9M24, focused on stable operating expense control
amid growing sales.
At the net profit level, the Company maintained a net margin of 16.0% in 9M25, slightly lower than 16.5%
in 9M24. In addition, the debt-to-EBITDA ratio stood at 2.42x in 9M25, lower from 3.35x at the end of last
year, while the net debt-to-EBITDA ratio was recorded at 1.83x, considerably lower than 2.88x at the end
of 2024.
CSRA’s current ratio stood at 1.69x in 9M25, indicating a much healthier liquidity position compared to
FY24. This ratio reflects the Company’s improved ability to meet its short-term obligations. Meanwhile,
the asset-to-equity ratio was 1.68x in 9M25, compared to 1.73x in FY24. This improvement indicates a
6
HEAD OFFICE MEDAN OFFICE
Komplek CBD Pluit Blok R2 No. B-25 Jl. Karsa No.25 (Sei Agul)
Jl. Pluit Selatan Raya, Jakarta Utara 14440 Medan 201
T +6221 6667 3312-15 T +6261 661 4328
F +6221 6667 3310-11 F +6261 662 7913
Page 7
PRESS RELEASE
For Immediate Release
CSRA Anniversary – 28 October 2025
stronger leverage position and demonstrates the Company’s capacity to meet its debt obligations. The
interest-bearing debt-to-equity ratio stood at 0.54x, down from 0.59x in the previous year, in line with the
increase in the Company’s equity.
Table 4. Key Financial Ratios
9M25 9M24
Profitability ratios
Gross Margin 35,9% 45.6%
Operating Margin 22,7% 27.7%
EBITDA Margin 31,9% 37.5%
Net Margin 16,0% 16.5%
9M25 FY24
Leverage
Current Ratio 1,69 x 1,84 x
Asset/equity 1,68 x 1,73 x
Interest Bearing Debts/Equities 0,54 x 0,59 x
Net Debts/Equities 0,52 x 0,63 x
2026 Outlook
Given the stable global demand trend and the relatively strong CPO price outlook, the Company remains
optimistic about closing 2025 with positive and sustainable growth. Several strategic initiatives have been
prepared ahead of 2026, including:
• Preparation for the inauguration of the Company’s third palm oil mill located in Banyuasin
Regency, South Sumatra, which has been in commissioning since August 2025 with a production
capacity of 30 tons per hour.
• Continuous digitalization of agribusiness processes, along with the implementation of
mechanization and harvest transportation across all Company plantations.
• Strengthening governance and ESG practices through the emphasis on No Deforestation, No
Peatland Development, and No Exploitation (NDPE).
Seman Sendjaja, Director of Finance and Strategic Development, stated “We are grateful for the continued
positive performance through the third quarter of this year. The increase in revenue and net profit reflects
our consistent operational strategy and our commitment to efficiency and sustainability. We will remain
7
HEAD OFFICE MEDAN OFFICE
Komplek CBD Pluit Blok R2 No. B-25 Jl. Karsa No.25 (Sei Agul)
Jl. Pluit Selatan Raya, Jakarta Utara 14440 Medan 201
T +6221 6667 3312-15 T +6261 661 4328
F +6221 6667 3310-11 F +6261 662 7913
Page 8
PRESS RELEASE
For Immediate Release
CSRA Anniversary – 28 October 2025
focused on digital transformation, human capital development, and organic expansion to create long-
term value for our shareholders and all stakeholders”.
“This achievement not only reaffirms our commitment to operational excellence but also positions us well
to capture future opportunities. The Company has prioritized sustainable development to achieve solid
productivity levels and operational excellence. Our key strategic focus is to enhance margins through
investments in mechanization to improve production efficiency and cost management,” he added.
”Kedepan Direksi berkomitmen untuk memanfaatkan peluang secara strategis dengan berinvestasi di area
yang berpotensi tinggi. Ini mencakup investasi signifikan dalam teknologi untuk meningkatkan efisiensi
operasional dan inisiatif yang bertujuan untuk mendorong budaya perusahaan yang dinamis. Perusahaan
juga fokus pada penyederhanaan alur kerja dan membekali karyawan dengan keterampilan yang
diperlukan untuk berkembang di masa depan, memastikan bahwa CSRA tetap gesit dan kompetitif di
pasar yang berkembang pesat, beliau menyimpulkan.
--------oOo-------
8
HEAD OFFICE MEDAN OFFICE
Komplek CBD Pluit Blok R2 No. B-25 Jl. Karsa No.25 (Sei Agul)
Jl. Pluit Selatan Raya, Jakarta Utara 14440 Medan 201
T +6221 6667 3312-15 T +6261 661 4328
F +6221 6667 3310-11 F +6261 662 7913
Page 9
PRESS RELEASE
For Immediate Release
CSRA Anniversary – 28 October 2025
About PT Cisadane Sawit Raya Tbk at Glance:
PT Cisadane Sawit Raya Tbk. and its subsidiary entities are national players that
develop palm oil plantations in North Sumatra Province and South Sumatra
Province. The Company always prioritizes effectiveness and efficiency in
utilizing resources to become reputable and integrated agribusiness
companies. The company has a Palm Oil Mill (PKS) in the plantation area which
began operating in 2007 with a capacity of 45 tons per hour (tph) after overhaul
conducted in July 2022, a brand new 45 tph PKS in Tapanuli Selatan regency
and currently developing another PKS with a capacity of 30 tph in Banyuasin
regency. The Company has a total area of 21,000 hectares with an embedded
area around 18,000 hectares. Its FFB production reached 319,071 tons per year.
CSRA publicly listed on the Indonesian Stock Exchange (IDX) on 9th January
2020.
Follow Company’s Social Media for news updates and vacancies:
csr.official @csra.official Cisadane Sawit Raya Tbk - CSRA cisadane sawit raya
For more information, please contact:
Iqbal Prastowo - Corporate Secretary
T +6221 6667 3312-15 | F +6221 6667 3310-11
E corpsec@csr.co.id | iqbal@csr.co.id
W www.csr.co.id
This press release has been prepared by PT Cisadane Sawit Raya Tbk.(“CSRA”) and is circulated for the purpose of general information only. It
is not intended for any specific person or purpose and does not constitute a recommendation regarding the securities of CSRA. No warranty
(expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this release
constitute our judgment as of this date and are subject to change without prior notice. CSRA disclaims any responsibility or liability whatsoever
arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this press
release and neither CSRA nor any of its affiliated companies and their respective employees and agents accepts liability for any errors,
omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission here from which might otherwise arise.
Forward-Looking Statements
Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as “will”, “expects”
and “anticipates” and words of similar import. By their nature, forward-looking statements involve a number of risks and uncertainties that could
cause actual events or results to differ materially from those described in this release. Factors that could cause actual results to differ include,
but are not limited to, economic, social and political conditions in Indonesia; the state of the property industry in Indonesia; prevailing market
conditions; increases in regulatory burdens in Indonesia, including environmental regulations and compliance costs; fluctuations in foreign
currency exchange rates; interest rate trends, cost of capital and capital availability; the anticipated demand and selling prices for our
developments and related capital expenditures and investments; the cost of construction; availability of real estate property; competition from
other companies and venues; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training,
governmental and public policy changes; our ability to be and remain competitive; our financial condition, business strategy as well as the plans
and remediation. Should one or more of these uncertainties or risks, among others, materialize, actual results may vary materially from those
estimated, anticipated or projected. Specifically, but without limitation, capital costs could increase, projects could be delayed and anticipated
improvements in production, capacity or performance might not be fully realized. Although we believe that the expectations of our management
as reflected by such forward-looking statements are reasonable based on information currently available to us, no assurances can be given that
such expectations will prove to have been correct. You should not unduly rely on such statements. In any event, these statements speak only as
of the date hereof, and we undertake no obligation to update or revise any of them, whether as a result of new information, future events or
otherwise.
Translation: this press release is available in Bahasa Indonesia and English. The Bahasa version is the original; the other language version is a free translation. We have made every reasonable
effort to avoid any discrepancies between the different language versions. However, should such discrepancies exist, the Bahasa version will take precedence
9
HEAD OFFICE MEDAN OFFICE
Komplek CBD Pluit Blok R2 No. B-25 Jl. Karsa No.25 (Sei Agul)
Jl. Pluit Selatan Raya, Jakarta Utara 14440 Medan 201
T +6221 6667 3312-15 T +6261 661 4328
F +6221 6667 3310-11 F +6261 662 7913
Names mentioned 2 people and organisations named in the text · linked when the evidence is strong
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.