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20250430_ANJT_Laporan Informasi dan Fakta Material_31880187_lamp3.pdf
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Page 1
30 APRIL 2025
Table 1 : Production and Sales
3M2025 3M2024 Change
FFB Production (mt)
FFB from our estates 187,471 173,226 8.2%
Belitung Island 69,349 55,270 25.5%
North Sumatra I 27,678 27,037 2.4%
North Sumatra II 33,308 35,141 (5.2%)
West Kalimantan 39,110 37,576 4.1%
Southwest Papua 16,487 16,700 (1.3%)
South Sumatra 1,539 1,502 2.5%
FFB bought from third parties 109,256 101,503 7.6%
Total FFB processed 295,188 273,226 8.0%
Photo: Corporate Communications FFB YIELD (mt per hectare)
Average yield 4.4 4.0 10.8%
Belitung Island 6.3 4.7 33.1%
North Sumatra I 4.2 4.0 4.5%
OPERATIONAL UPDATE North Sumatra II 4.3 4.5 (4.9%)
West Kalimantan 4.5 4.2 6.2%
Southwest Papua 2.2 2.3 (1.3%)
South Sumatra 2.1 2.1 2.5%
CPO Production (mt)
PT Austindo Nusantara Jaya Tbk. (“ANJT” or “the Company”) Total production 60,764 56,601 7.4%
announced its operational performance and financial results
Belitung Island 19,950 16,068 24.2%
for the three-month period ended March 31, 2025.
North Sumatra I 12,958 12,565 3.1%
North Sumatra II 11,502 10,646 8.0%
The Company recorded strong operational and financial
West Kalimantan 12,501 13,259 (5.7%)
performances in the first quarter of 2025 (3M2025). Fresh
Southwest Papua 3,853 4,063 (5.2%)
Fruit Bunch (FFB) production reached 187,471 metric tons
Palm Kernel production 11,469 11,454 0.1%
(mt), marking an 8.2% increase compared to the 173,226 mt
PKO production 241 150 60.7%
produced in the same period last year. Correspondingly, FFB
Sales (mt)
yield per hectare (ha) increased by 10.8% from 4.0 mt per ha
CPO Sales 60,057 55,857 7.5%
in 3M2024 to 4.4 mt per ha in 3M2025. We believe this increase
Belitung Island 20,800 16,400 26.8%
was primarily due to the various enhancement programs
North Sumatra I 12,405 13,598 (8.8%)
we implemented last year, including fertilizer dosage
North Sumatra II 11,150 10,850 2.8%
adjustments, which are now starting to show positive results.
West Kalimantan 13,193 13,209 (0.1%)
The Belitung Island plantation saw the highest FFB production Southwest Papua 2,509 1,800 39.4%
increase in 3M2025, rising by 25.5% from 55,270 mt in 3M2024 PK Sales 11,583 11,135 4.0%
to 69,349 mt in 3M2025. Since the fourth quarter of 2024, FFB PKO Sales - 650 N/A
production from this plantation has been steadily recovering Productivity
after being affected by the 2023 El Niño. We expect even Extraction Rate - CPO (Mixed) 20.5% 20.8% (1.3%)
higher production increases this year, supported by favorable CPO Average Selling Price - USD 881 757 16.4%
weather conditions. In addition, our West Kalimantan PK Average Selling Price - USD 691 381 81.4%
plantation produced 39,110 mt of FFB in 3M2025, a 4.1% PKO Average Selling Price - USD - 760 N/A
increase from the 37,576 mt achieved in the same period last
year.
COMPANY PROFILE SHARE INFORMATION SHAREHOLDERS STRUCTURE CONTACT US
PT Austindo Nusantara Jaya Tbk # shares 3,354.2 mn (as of March 31, 2025) % PT Austindo Nusantara Jaya Tbk.
(“ANJT”) is an Indonesian agribusiness # free float 3,354.2mn PT Austindo Kencana Jaya 40.85 Menara SMBC Lantai 40 Floor
based food company committed to
Listing date 8-5-2013 PT Memimpin Dengan Nurani 40.85 Jalan Dr. Ide Anak Agung Gde Agung
responsible development. The company
is primarily engaged in the production IPO Price Rp 1,200 George Santosa Tahija 4.74 Kav 5.5 – 5.6, Kawasan Mega Kuningan
of crude palm oil at its established and Highest Rp 1,650 Sjakon George Tahija 4.74 Jakarta 12950 - Indonesia
developing estates. ANJT also engages Lowest Rp 710 Yayasan Tahija 0.00 T: +62 21 29651777 | F: +62 21 29651788
in the production of sago starch and Close Rp 1,600 Public 8.83 E: investor.relations@anj-group.com
edamame. www.anj-group.com
Page 2
INVESTOR NEWSLETTER | 30 APRIL 2025
Furthermore, production increases were also observed
FINANCIAL HIGHLIGHTS
in North Sumatra I and South Sumatra plantations, which
grew by 2.4% and 2.5%, respectively, compared to the same
period last year. Our North Sumatra I plantation recorded Our Financial Performance Results
FFB production of 27,678 mt in 3M2025, up from 27,037 mt
in 3M2024. Meanwhile, our development plantation in South Table 2: Consolidated Statements of Comprehensive Income
Sumatra produced 1,539 mt FFB in 3M2025, a slight increase 3M2025 3M2024 (1)
from the 1,502 mt in the same period last year.
USD Rp. USD Rp. Change
Our plantations in North Sumatra II and Southwest Papua, Thousands Millions (2) Thousands Millions (2)
which faced plant disease outbreaks at the end of last year,
recorded a decline in production volume in 3M2025. Although Revenue 63,383 1,036,443 48,914 765,796 29.6%
the plant disease was successfully managed in early 2025, Cost of revenue (48,953) (800,476) (44,231) (692,476) 10.7%
production in Southwest Papua dropped slightly from 16,700
Gross profit 14,430 235,967 4,683 73,321 208.1%
mt in 3M2024 to 16,487 mt in 3M2025. Similarly, the North
Total operating
Sumatra II plantation produced 33,308 mt of FFB in 3M2025, (4,067) (66,506) (4,052) (63,446) 0.4%
expenses , net
5.2% lower than the 35,141 mt produced in 3M2024. We
Operating profit 10,363 169,461 631 9,875 1,543.0%
anticipate production to rebound around Q3 2025, six months Finance income 102 1,671 99 1,550 3.2%
after the plant disease remediation measures. Finance charges (2,097) (34,294) (2,554) (39,988) (17.9%)
Profit before tax 8,368 136,838 (1,824) (28,563) 558.7%
In 3M2025, our overall FFB purchases rose to 109,256 mt, Income tax
(3,469) (56,723) (1,402) (21,946) 147.5%
an increase of 7.6% compared to 101,503 mt purchased in expense
3M2024, reflecting improved supply availability from our Profit for the
4,899 80,115 (3,226) (50,509) 251.9%
smallholders across our operation areas. Consequently, year
our mills processed 295,188 mt of FFB during 3M2025, to Other
comprehensive (4,049) (66,210) (5,211) (81,582) 22.3%
produce 60,764 mt of Crude Palm Oil (CPO). This represents
income
a 7.4% increase from the 56,601 mt produced in 3M2024.
Total
Notwithstanding the higher production volumes, the oil comprehensive 850 13,905 (8,437) (132,091) 110.1%
extraction rate (OER) decreased slightly to 20.5% in 3M2025 income
from 20.8% in 3M2024. EBITDA 18,458 301,833 9,012 141,088 104.8%
EBITDA margin
29.1% 29.1% 18.4% 18.4% 58.1%
Palm Kernel (PK) production remained essentially flat with a (%)
marginal 0.1% increase to 11,469 mt in 3M2025, compared to 1) Restated due to error in applying equity method of accounting and amortization of the fair
11,454 mt in 3M2024. However, our Kernel Crushing Plant in value adjustments in step acquisition.
Southwest Papua produced a higher Palm Kernel Oil (PKO) of 2) The translation of US Dollar amounts into the Indonesian Rupiah amounts are
241 mt in 3M2025, a substantial 60.7% increase from 150 mt included solely for the convenience of the readers and has been made using the average
in the same period last year. of the exchange rates of Rp 16,352 to USD 1 for 3M2025 and Rp 15,656 to USD 1 for
3M2024.
In 3M2025, the Company sold 60,057 mt of CPO, an increase of
7.5% from 55,857 mt in the same period last year, which aligns
Revenue from Sales and Service Concessions
with the higher CPO production in 3M2025. We recorded an
The Company posted a 29.6% increase in its consolidated
increase in the average selling price (ASP) for CPO of USD 881
revenue, which amounted to USD 63.4 million in the first three
per mt in 3M2025, 16.4% higher than the ASP of USD 757 per
months of 2025, up from USD 48.9 million in the same period
mt in 3M3024, despite the general drop in other commodity
of 2024. This growth was primarily driven by higher sales
prices due to escalating US-China trade tension.
volumes and ASPs for CPO and PK, as discussed above. In
3M2025, the Palm Oil segment contributed USD 61.7 million,
The Company also reported a 4.0% increase in PK sales
or 97.4% of the Company’s consolidated revenue.
volume to 11,583 mt in 3M2025, compared to 11,135 mt in
3M2024, despite a relatively flat PK production volume. The
The vegetable segment also saw a solid performance, with
ASP for PK rose by 81.4% from USD 381 per mt to USD 691
revenue rising significantly by 55.3% from USD 0.7 million
per mt in 3M2025. However, we did not record any PKO sales
to USD 1.1 million in 3M2025. This increase was mainly
in 3M2025 due to insufficient volume to sell.
due to the higher sales volumes and ASPs for frozen and
fresh edamame as well as mukimame (peeled edamame).
Additionally, the sago segment contributed USD 0.4 million
to our consolidated revenue, an increase of 21.9% from USD
0.3 million in 3M2024, mainly due to higher sales volumes, up
from 596 mt in 3M2024 to 792 mt in 3M2025.
Meanwhile, our renewable energy segment generated USD
121.6 thousand from the sale of 2,410,444 kWh of electricity
in 3M2025. This figure was 17.4% lower than the USD 147.3
thousand or 2,690,640 kWh achieved in 3M2024 due to several
maintenance activities.
Page 3
INVESTOR NEWSLETTER | 30 APRIL 2025
Operating (Expenses) Income and Financial Charges The Company’s total assets decreased to USD 570.5 million as
The Company maintained operating expenses (net of operating at March 31, 2025 from USD 573.2 million as at December 31,
income) at USD 4.1 million, equal to the operating expenses 2024. Current assets increased by 10.3% to USD 68.6 million
recorded in 3M2024. Meanwhile, our financial charges, which as at March 31, 2025 from USD 62.2 million as at December 31,
represent interest expenses on our loans, decreased by 17.9% 2024, mainly due to the increase in cash and cash equivalents
to USD 2.1 million in 3M2025, from USD 2.6 million in the and inventories. Meanwhile, non-current assets decreased
same period last year. by 1.8% to USD 502.0 million as at March 31, 2025 from USD
511.0 million as at December 31, 2024.
Net Profit
The Company recognized a net profit of USD 4.9 million in Total liabilities decreased by 1.9% from USD 181.3 million at
3M2025, a notable improvement of 251.9%% from a net loss the end of 2024 to USD 177.8 million as at March 31, 2025,
of USD 3.2 million in 3M2024. This improvement was primarily driven by the reduction in long-term bank loans and employee
driven by higher sales volume and ASPs for palm oil products, benefit obligations. The Company was able to maintain its
lower maintenance costs at our mature plantations, as well prudent debt-to-equity and debt-to-asset ratios of 0.45 and
as lower processing costs at our palm oil mills. Additionally, 0.31, respectively as at March 31, 2025.
there was a decrease in sago starch processing costs from
USD 0.6 million to USD 0.3 million in 3M2025. Consequently, Financing Facilities
our net profit margin (NPM) ratio rose by 217.2% from negative As of March 31, 2025, the Company and its subsidiaries
6.6% in 3M2024 to 7.7% in 3M2025. collectively maintained bank loan facilities amounting to the
equivalent of USD 194.7 million, comprising short-term loan
The Company booked an EBITDA of USD 18.5 million in facilities of USD 71.1 million and long-term loan facilities of
3M2025, a significant increase of 104.8% from USD 9.0 million USD 123.6 million.
in 3M2024. As a result, our EBITDA margin also improved
from 18.4% in 3M2024 to 29.1% in 3M2025. The outstanding balance of the Company’s bank loans by
the end of March 2025 was USD 140.3 million, a decrease of
Total Comprehensive Income USD 5.3 million from the USD 145.6 million as at the end of
In 3M2025, the Company recorded a negative comprehensive December 2024, mainly due to the repayment of long-term
income of USD 4.0 million, lower than the comprehensive bank loans of USD 5.8 million and a foreign exchange gain on
income of negative USD 5.2 million in 3M2024. This was our loans of USD 1.9 million, offset by additional short-term
influenced by the exchange rate of the Rupiah against the bank loans of USD 2.4 million in 3M2025.
US Dollar, which depreciated the net assets of some of the
Company’s subsidiaries which maintain their bookkeeping
records in Rupiah, when their financial statements are OTHER CORPORATE UPDATES
translated from Rupiah to US Dollar.
The Company has experienced several significant events
Our Assets and Liabilities Position throughout 2025 up to the issuance date of this report,
Table 3: Consolidated Statements of Financial Position including:
March 31, 2025 December 31, 2024
USD Rp. USD Rp. Change 1. Share purchase agreement of the Company’s shares
Thousands Millions(1) Thousands Millions(1)
Current On March 18, 2025, the Company received a written
68,560 1,137,272 62,159 985,406 10.3%
assets notification from PT Ciliandra Perkasa (CP) regarding
Non-current
501,966 8,326,613 511,045 8,101,601 (1.8%) the plan to acquire approximately 91.17% of all issued
assets and fully paid-up shares in ANJ owned by PT Austindo
Total Assets 570,526 9,463,885 573,204 9,087,007 (0.5%)
Kencana Jaya, PT Memimpin Dengan Nurani, Mr.
Current
liabilities
54,173 898,623 49,396 783,075 9.7% Sjakon George Tahija and Mr. George Santosa Tahija.
Non-current
123,609 2,050,430 131,915 2,091,247 (6.3%) On April 14, 2025, ANJ received a written notification
liabilities
Total from First Resources Limited (FRL), the parent company
177,782 2,949,053 181,311 2,874,322 (1.9%)
Liabilities of CP, to inform that following further negotiations,
Equity the share purchase agreement dated March 18, 2025
attributable has been novated so that FRL has replaced CP as the
to the
owners
392,096 6,504,085 391,041 6,199,168 0.3% proposed purchaser. As of the date of issuance of this
of the newsletter, the completion of the proposed acquisition
Company has not yet become effective.
Total Equity 392,744 6,514,832 391,893 6,212,685 0.2%
Upon the completion of the proposed acquisition
of the Company, ANJ will no longer comply with the
1) The translation of US Dollar amounts into the Indonesian Rupiah amounts are
included solely for the convenience of the readers and has been made using the non-financial covenants in our bank loans to have a
average of the exchange rates of Rp 16,588 to USD 1 for March 31, 2025 and Rp 15,853 minimum 51% ownership, directly or indirectly, by the
to USD 1 for December 31, 2024. Tahija family. On April 16, 2025 and April 17, 2025, we
obtained waiver letters from PT Bank CIMB Niaga Tbk.
and PT Bank OCBC NISP Tbk., respectively, granting
an extension of the loan facilities until May 20, 2025.
The loan facilities in PT Bank SMBC Indonesia Tbk. and
Page 4
INVESTOR NEWSLETTER | 30 APRIL 2025
PT Bank UOB Indonesia remain available, as we have Graph 2: Net Profit and EBITDA Growth
obtained the waiver letters from both banks approving
the change in the majority shareholders of ANJT to 70 ,00 0 40 .0%
FRL. The entire long term bank loan balance as of 59,245 35 .0%
March 31, 2025 is still presented in long term liabilities
60 ,00 0
because the proposed acquisition has not yet become 29.1%
30 .0%
effective.
50 ,00 0
23.4% 25.0%
25 .0%
40 ,00 0
39,374
2. Divestment of PT Moon Lion Industries Indonesia 19.1%
20 .0%
17.3%
30 ,00 0 15 .0%
On April 22, 2025, the Company divested its entire 20,689 18,458 10 .0%
investment in PT Moon Lion Industries Indonesia which
20 ,00 0
7.7%
represents 2,376,523 shares or 11.88% ownership to 9,159 3.9% 5. 0%
8,485 1.7%
Chun Yu Works & Co., Ltd and Mr. Mintarto Halim for a
10 ,00 0
4,899
2,805
0. 0%
total cash consideration of IDR 68.9 billion. -
-3.2%
-6.5%
-5.0%
(3,165) (3,513)
Key Performance (Quarterly) (10,0 00)
3M 6M 9M 12M 3M
-10.0 %
Graph 1: CPO Sales Volume and Average Selling Price Each Quarter 2024* 2025
Net Profit (thousand USD) EBITDA (thousand USD) Net Profit Margin (%) EBITDA Margin (%)
*) Restated due to error in applying equity method of accounting and amortization of
90 .0 1, 000
the fair value adjustments in step acquisition.
80 .0
95 0
923
65.2 66.3 63.9 60.8 60.1
70 .0
60.8 62.8
90 0
56.6 55.9 59.8
881
60 .0
85 0
50 .0
821
80 0
40 .0
781
757 75 0
30 .0
70 0
20 .0
65 0
10 .0
- 60 0
Q1 Q2 Q3 Q4 Q1
2024 2025
CPO Production ('000 mt) CPO Sales Volume ('000 mt) CPO Average Selling Price (USD/mt)
Disclaimer: This document has been prepared by PT Austindo Nusantara Jaya Tbk. (“ANJ” or the “Company”) for informational purposes only. Certain statements herein may constitute
“forward-looking statements”, including statements regarding the Company’s expectations and projections for future operating performance and business prospects. Such forward-looking
statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future.
Such forward-looking statements speak only as of the date on which they are made. Accordingly, the Company expressly disclaims any obligation to update or revise any forward-looking
statements contained herein to reflect any change in the Company’s expectations with regard to new information, future events or other circumstances. The Company does not make any
representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved and such forward-looking statements represent, in each case, only
one of many possible scenarios and should not be viewed as the most likely or standard scenario. By reviewing this document, you acknowledge that you will be solely responsible for your
own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential
future performance of the business of the Company
Names mentioned 15 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Dr. Ide Anak Agung Gde Agung
p.1
unresolved
org
PT Austindo Total Assets
p.3
unresolved
person
George Santosa Tahija. Non-current
p.3 ×3
unresolved
org
PT Moon Lion Industries Indonesia
p.4 ×2
unresolved
person
Mintarto Halim
p.4
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