PT Indofood Sukses Makmur Tbk (INDF) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for the year ended December 31, 2024, were audited and received an unqualified opinion, confirming fair presentation in accordance with Indonesian Financial Accounting Standards.

• Management asserts responsibility for the accuracy, completeness, and internal controls of the financial statements.

Financial highlights

• Net sales reached Rp115,786,525 million, up from Rp111,703,611 million year-over-year.

• Net income attributable to equity holders was Rp8,641,612 million, compared to Rp8,147,019 million in the prior year.

• Operating income rose to Rp23,088,184 million from Rp19,663,598 million year-over-year.

• Total assets increased to Rp201,713,313 million from Rp186,587,957 million as of December 31, 2023.

• Basic earnings per share were Rp984, up from Rp928 year-over-year.

Outlook and guidance

• The Group continues to monitor legislative developments, such as the OECD Pillar Two tax framework, for potential future impacts.

• Management remains focused on maintaining healthy capital ratios and prudent risk management.