PT Charoen Pokphand Indonesia (CPIN) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for the year ended December 31, 2024, audited by EY, present fairly the financial position and performance in accordance with Indonesian Financial Accounting Standards.

• Management confirms responsibility for the preparation, presentation, and internal controls of the financial statements.

Financial highlights

• Net sales reached Rp67,477,992 million, up 9.5% year-over-year from Rp61,615,850 million.

• Net profit attributable to owners was Rp3,712,926 million, a 60% increase from Rp2,318,584 million in 2023.

• Gross profit rose to Rp10,420,157 million from Rp8,274,512 million year-over-year.

• Total assets increased to Rp42,791,000 million from Rp40,970,800 million at year-end 2023.

• Total equity grew to Rp30,288,922 million from Rp27,028,758 million.

Outlook and guidance

• The Group continues to invest in production capacity and technology to maintain product quality and meet market demand.

• Management aims to maintain a maximum debt-to-equity ratio of 2.00 and has complied with all capital requirements.