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20260730_DSNG_Laporan Informasi dan Fakta Material_32115943_lamp3.pdf
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PT DHARMA SATYA NUSANTARA TBK
Investor Newsletter || Vol. 62 July 2026
Delivering Sustainable Growth
Steady Growth Amid Volatile Times
The first half of 2026 presented a mixed operating environment, with continued global uncertainty,
higher input costs, and varying market conditions across our business segments. Despite these
challenges, PT Dharma Satya Nusantara Tbk (“DSNG”) maintained solid financial performance, supported
by the strength of its Palm Oil business and prudent financial management. Looking ahead, improving
palm oil market fundamentals and higher expected production in the second half are expected to
support performance, while we remain focused on executing our long-term growth strategy.
In million IDR
In the first half of 2026, DSNG recorded consolidated Profit and Loss 1H-2026 1H-2025 % YoY FY 2025
revenue of Rp 6.3 trillion, representing a modest 3% Revenue 6,290,241 6,080,855 3.4 12,314,712
year-on-year (YoY) increase. The Palm Oil segment - Palm Oil 5,650,108 5,393,502 4.8 10,846,146
remained the primary contributor, accounting for - Wood Product 533,976 621,266 (14.1) 1,242,325
nearly 90% of total revenue and delivering 5% YoY - Renewable Energy 106,157 66,088 60.6 226,241
Cost of Revenue (4,334,345) (4,125,442) 5.1 (8,464,728)
revenue growth to Rp 5.7 trillion. The Wood Products
Gross Profit 1,955,896 1,955,413 0.02 3,849,984
segment contributed Rp 0.5 trillion, or approximately
-Margin % 31.1% 32.2% - 31.3%
8.5% of consolidated revenue, and was the only Profit Before Tax 1,346,700 1,249,637 7.8 2,499,545
business segment to record a decline, with revenue -Margin % 21.4% 20.6% - 20.3%
decreasing 14% YoY amid continued weakness in EBITDA 2,007,088 2,003,558 0.2 4,077,998
global demand. Meanwhile, the Renewable Energy -Margin % 31.9% 32.9% - 33.1%
segment continued to grow, with revenue increasing Profit 985,983 914,639 7.8 1,828,798
60% YoY to approximately Rp 0.1 trillion, supported -Margin % 15.7% 15.0% - 14.9%
by higher production from the Company's new wood Core Profit* 1,002,920 918,803 9.2 1,850,417
-Margin % 15.9% 15.1% - 15.0%
pellet facility.
*calculated from net profit & adjusted for unrealized foreign exchange
gains/losses, net of tax effects.
Despite higher consolidated revenue, gross profit
remained broadly stable at Rp 1.9 trillion as the Financial Position 30-Jun-26 31-Dec-25 %
increase in revenue was largely offset by higher Total Asset 17,814,315 17,617,196 1.1
production costs, mainly due to increased external Total Liabilities 5,682,690 5,974,326 (4.9)
FFB purchases, as well as higher fertilizer, raw Equity 12,131,625 11,642,870 4.2
material and energy costs, which were further
affected by geopolitical tensions and the weakening
of the Rupiah against the U.S. Dollar.
EBITDA remained stable at Rp 2.0 trillion, with an EBITDA margin of 32%. Net profit reached Rp 0.9 trillion,
representing a 15.7% net profit margin, slightly higher than in the same period last year.
The Company's financial position also improved during the first half of the year. Total liabilities decreased by
nearly 5% as the Company continued its deleveraging efforts, while total equity increased by 4.2%, reflecting a
stronger balance sheet and continued prudent financial management.
DSNG Investor Newsletter —For further information, contact Investor Relations (investor.relations@dsngroup.co.id)
PT Dharma Satya Nusantara Tbk. Jl. Pulo Ayang Kav. OR No. 3 Kawasan Industri Pulogadung, Jakarta 13930 Indonesia
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PALM OIL
1H-2026 1H-2025 %YoY Q1-2026 Q2-2026 %QoQ FY-2025
Plantation Performance
FFB Production (tons) 1,035,640 1,087,390 (4.8) 491,992 543,648 10.5 2,189,347
Nucleus (tons) 810,430 858,920 (5.6) 384,984 425,446 10.5 1,721,049
Plasma (tons) 225,209 228,470 (1.4) 107,008 118,201 10.5 468,298
Mill Performance
FFB Processed (tons) 1,272,831 1,332,814 (4.5) 602,601 670,230 11.2 2,706,560
CPO Production (tons) 299,294 310,992 (3.8) 140,545 158,750 13.0 631,046
PK Production (tons) 56,593 59,261 (4.5) 26,772 29,822 11.4 119,405
PKO Production (tons) 18,429 18,780 (1.9) 8,520 9,909 16.3 37,805
CPO OER (%) 23.51 23.33 0.8 23.32 23.69 1.6 23.32
FFA (%) 2.98 3.05 (2.2) 3.06 2.91 (5.0) 3.01
Sales Performance
CPO (tons) 318,987 312,220 2.2 159,427 159,561 0.1 628,737
PK (tons) 14,098 13,867 1.7 6,679 7,419 11.1 29,416
PKO (tons) 16,504 18,512 (10.8) 5,501 11,004 100.0 38,522
CPO ASP (Rp 'million/ton) 14.94 14.57 2.5 14.47 15.42 6.6 14.47
PKO ASP (Rp 'million/ton) 32.28 29.51 9.4 28.43 34.21 20.3 28.95
Although FFB production in Q2-2026 grew by 10.5% QoQ, total production for 1H-2026 declined by nearly 5% YoY,
driven mainly by the following two factors. First, the ongoing replanting program has temporarily reduced
production from nucleus estates as more mature palms were felled in preparation for replanting. While this affects
production in the short term, the newly planted palms are expected to support future growth as they reach
maturity.
Second, the production profile in 2026 is expected to return to a more typical seasonal pattern, in contrast to
2025, when FFB production was relatively evenly distributed between the first and second half of the year.
Accordingly, we expect a larger proportion of FFB production to be generated in the second half of 2026. The
Company also continued to improve milling performance, as reflected in higher Oil Extraction Rates (OER) and
lower Free Fatty Acid (FFA) levels, indicating better oil quality and improved operational efficiency.
FFB PRODUCTION (TONS) CPO PRODUCTION (TON)
2025 2026 2025 2026
194,169
55,173
52,921
179,812
50,655
169,667
166,952
48,053
165,671
47,285
159,369
45,206
142,376
177,985
183,207
156,479
179,979
223,542
198,781
186,233
182,325
169,839
191,844
196,758
55,389
46,212
40,410
50,990
62,386
57,717
53,278
48,854
49,765
48,358
56,547
61,142
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
DSNG Investor Newsletter —For further information, contact Investor Relations (investor.relations@dsngroup.co.id)
PT Dharma Satya Nusantara Tbk. Jl. Pulo Ayang Kav. OR No. 3 Kawasan Industri Pulogadung, Jakarta 13930 Indonesia
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PALM OIL
KPB Medan 2025 KPB Medan 2026 DSN 2025 DSN 2026
CPO ASP (IDR'000/TON)
15,001 15,695
15,133 15,048 15,205
14,471 14,783
14,277 14,393 14,620 14,682
13,712 14,173
13,578
14,304 14,407 14,637 15,325
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
The average selling price (ASP) of CPO in 1H-2026 reached nearly Rp 15 million per ton, mainly supported by a 6.6%
QoQ increase in prices during the second quarter. The increase was driven by stronger domestic demand following
the implementation of the B50 biodiesel mandate from 1 July 2026, together with tighter global vegetable oil
supply due to constrained soybean oil availability amid higher biodiesel demand in the United States and Brazil. In
addition, PKO prices increased by around 20% QoQ during the second quarter, supported by limited coconut oil
supply and stronger demand from the oleochemical and non-food industries.
PALM OIL – PLANTED AREA Planted Hectarage
Average
DSN Group continues to maintain a balanced Immature Mature Total Planted
Age (yrs)
('000 ha) ('000 ha) ('000 ha)
plantation profile, with a healthy mix of
Nucleus 15 5.0 77.9 82.8
immature and mature estates that support both Plasma 14 0.6 24.4 29.1
current production and future growth. Total 15 5.5 102.3 111.9
The relatively young average plantation age reflects the Company's ongoing replanting program and disciplined
estate development. This provides a solid foundation for improving yields over the coming years while
maintaining operational efficiency across the plantation portfolio.
WOOD PRODUCT
1H-2026 1H-2025 %YoY Q1-2026 Q2-2026 %QoQ FY-2025
Sales Volume
Panel ('000 m3) 58.6 62.3 (6.0) 25.6 33.0 29.2 124.3
Engineered Flooring ('000 m2) 116.2 324.6 (64.2) 55.6 60.5 8.8 633.0
Average Selling Price (ASP)
Panel (USD/m3) 367.23 358.20 2.5 371.06 364.25 (1.8) 359.94
Engineered Flooring (USD/m2) 33.74 33.72 0.1 34.27 33.26 (3.0) 33.05
The Wood Products segment continued to operate in a challenging market environment during the first half of
2026. Revenue declined as demand, particularly for engineered flooring, remained weak in several key export
markets. Engineered flooring sales volume decreased by 64% YoY to 116 thousand m². However, quarterly
performance showed signs of gradual improvement. Panel sales volume increased by 29% QoQ, while engineered
flooring sales volume grew by 9% QoQ, indicating a gradual recovery in customer demand. While market
conditions remain challenging, the improvement in quarterly sales volumes provides a more encouraging outlook
for the second half of the year.
Average Selling Prices (ASP) for both panel and engineered flooring products remained relatively stable, with no
significant changes on either a quarterly or yearly basis.
DSNG Investor Newsletter —For further information, contact Investor Relations (investor.relations@dsngroup.co.id)
PT Dharma Satya Nusantara Tbk. Jl. Pulo Ayang Kav. OR No. 3 Kawasan Industri Pulogadung, Jakarta 13930 Indonesia
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RENEWABLE ENERGY
1H-2026 1H-2025 %YoY Q1-2026 Q2-2026 %QoQ FY-2025
Sales Volume
Palm Kernel Shell (ton) 31,450 24,330 29.3 10,100 21,350 111.4 89,265
Wood Pellet (ton) 21,640 10,651 103.2 10,785 10,855 0.7 36,602
Average Selling Price (ASP)
Palm Kernel Shell (USD/ton) 107.04 105.59 1.4 105.00 108.00 2.9 105.04
Wood Pellet (USD/ton) 128.00 134.88 (5.1) 122.31 133.66 9.3 118.16
The Renewable Energy segment continued to deliver encouraging growth during the first half of 2026,
supported by higher export volumes of both Palm Kernel Shell (PKS) and wood pellets. PKS sales volume
increased by 29% YoY to 31 thousand tons, while the average selling price remained stable at approximately
USD 107 per ton.
Wood pellet sales more than doubled to 22 thousand tons, mainly driven by higher production from the
Company's new pellet facility. The average selling price declined by 5% YoY to USD 128 per ton, primarily
because exports in the first quarter were shipped to the Korean market, where prices were relatively lower.
The continued growth of the Renewable Energy Segment reflects the Company's ongoing efforts to expand its
renewable energy business while supporting the increasing global demand for biomass products.
Strengthening Workplace Inclusion and Employee Well-being
As part of its commitment to building a safe,
inclusive, and respectful workplace, DSNG
conducted a two-day Gender Committee
Training on 21–22 May 2026 in Samarinda. The
program brought together representatives from
Gender Committees and CSR teams across the
Company's Palm Oil operations to strengthen
their knowledge and capability in supporting
women and children in the workplace and
surrounding communities.
Led by external experts, the training covered topics including violence prevention, emotional support,
caregiving, and case-handling mechanisms. Through discussions, case studies, and practical simulations,
participants gained a better understanding of how to respond effectively and provide appropriate support
when needed.
This initiative reflects DGN's ongoing commitment to fostering an inclusive workplace culture while
strengthening awareness and support systems across its operations.
DSNG Investor Newsletter —For further information, contact Investor Relations (investor.relations@dsngroup.co.id)
PT Dharma Satya Nusantara Tbk. Jl. Pulo Ayang Kav. OR No. 3 Kawasan Industri Pulogadung, Jakarta 13930 Indonesia
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