Indofood Agri Resources Ltd (IFAR) booked a net profit after tax of Rp2.51 trillion for the 12 months ended 31 December 2025, up 19.1 per cent year-on-year, as firmer crude palm oil (CPO) and palm-kernel prices and higher sales volumes lifted earnings despite rising costs.
Earnings per share increased to Rp910 from Rp801 a year earlier. The board has proposed a first and final dividend for FY 2025; the payout details will be announced ahead of the April 2026 AGM. In FY 2024 the company paid a final dividend of one Singapore cent per share.
Group revenue rose 31.9 per cent to Rp21.06 trillion, supported by broad-based gains: • Plantation division sales grew 21 per cent to Rp14.46 trillion, buoyed by higher selling prices and larger volumes of palm products. • Edible Oils & Fats (EOF) revenue advanced 22 per cent to Rp14.99 trillion, reflecting increased demand and pricing for cooking oil, margarine and shortening.
At the pre-tax level, the plantation segment contributed Rp2.97 trillion, while EOF added Rp0.77 trillion; a Rp0.18 trillion loss came from joint ventures, mainly Brazil-based sugar operations affected by lower raw-sugar prices and drought-related volume cuts. Group profit before tax improved 17.8 per cent to Rp3.46 trillion.
Cost of sales climbed 39.8 per cent to Rp15.66 trillion, driven by higher fertiliser usage, increased purchases of fresh fruit bunches from external suppliers, and more expensive raw materials for edible-oil production. Nonetheless, gross profit expanded 13.2 per cent to Rp5.40 trillion. Other operating expenses fell 73.3 per cent owing to reduced provisions for plasma receivables, lower asset write-offs and the absence of last year’s Rp296 billion impairment on rubber assets.
On the balance-sheet front, total assets reached Rp43.27 trillion, up 10.6 per cent, after the renewal of a refinery land lease and the payment of Rp2.34 trillion in forestry administrative charges now recorded as non-current advances pending regulatory appeal. Net debt-to-equity edged down to 0.02 times from 0.07 times, as operating cash flow rose to Rp3.38 trillion and year-end cash swelled to Rp8.57 trillion.
Looking ahead, management expects commodity markets to stay volatile in 2026 amid uncertain weather patterns and geopolitical risks. The group will prioritise cost control, targeted capital expenditure and agronomic innovation. Following the fourth-quarter completion of a third processing line at the Tanjung Priok refinery, which adds 450,000 tonnes of annual CPO capacity, the EOF division aims to boost sales volumes through competitive pricing and an expanded distribution network to serve Indonesia’s growing consumer and industrial demand.
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