PT BISI International (BISI) Q4 2024 earnings summary

Executive summary

• Net sales for 2024 reached Rp1,367,926 million, a 40% decrease year-over-year from Rp2,298,131 million.

• Net income attributable to owners was Rp178,507 million, down 70% from Rp595,629 million in 2023.

• The company distributed cash dividends of Rp240,000 million in 2024, up from Rp204,000 million in 2023.

• The independent auditor issued an unqualified opinion, confirming fair presentation in accordance with Indonesian Financial Accounting Standards.

Financial highlights

• Gross profit for 2024 was Rp624,987 million, down from Rp1,162,119 million year-over-year.

• Operating profit dropped to Rp206,301 million from Rp692,341 million in 2023.

• Basic earnings per share fell to Rp59.50 from Rp198.54 year-over-year.

• Cash and cash equivalents at year-end were Rp567,673 million, a decrease from Rp1,042,206 million at the end of 2023.

• Total assets stood at Rp3,634,529 million, down from Rp3,901,820 million at the previous year-end.

Outlook and guidance

• The company continues to invest in research and development and advanced agricultural technology to address industry challenges and maintain product quality.

• Management monitors capital structure, maintaining a debt-to-equity ratio of 0.00 as of December 31, 2024.