PT BISI International (BISI) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, were Rp1,014,396 million, a 30.9% decrease year-over-year from Rp1,467,595 million.

• Net profit attributable to owners for the period was Rp124,769 million, down 50.8% from Rp253,820 million year-over-year.

• Gross profit margin declined to 47.2% from 48.9% year-over-year, reflecting lower sales and higher cost pressures.

Financial highlights

• Operating profit for the period was Rp129,516 million, a 53.2% decrease from Rp276,596 million year-over-year.

• Total assets as of September 30, 2024, were Rp3,701,692 million, down from Rp3,901,820 million at December 31, 2023.

• Cash and cash equivalents decreased to Rp707,319 million from Rp1,042,206 million at year-end 2023.

• Total equity stood at Rp3,334,457 million, with a debt-to-equity ratio of 0.00 as of September 30, 2024.

• Basic earnings per share for the period were Rp42, compared to Rp85 in the prior year period.

Outlook and guidance

• Management continues to focus on research and development and advanced agricultural technology to address market and climate challenges.

• The company maintains a healthy capital structure and complies with all loan covenants and regulatory capital requirements.