PT Japfa Comfeed Indonesia (JPFA) Q1 2026 earnings summary

Executive summary

• Achieved strong 1Q2026 results with net sales of Rp17.71 trillion, up 23.6% year-over-year, and significant growth in revenue, operating profit, EBITDA, and net profit.

• Net profit attributable to owners was Rp1.94 trillion, a 167% increase compared to Q1 2025.

• Revenue growth was driven by higher DOC and broiler sales volumes, especially during Ramadan, and growth across all business segments.

• Gross profit margin improved to 25.5% from 18.8% year-over-year, reflecting better cost management and higher sales.

• The group successfully refinanced and repaid its US$350 million bonds due 2026 in March 2026.

Financial highlights

• Net sales: Rp17.71 trillion (Q1 2026), up from Rp14.33 trillion (Q1 2025).

• Operating profit increased 133.7% year-over-year to IDR 2.6 trillion.

• EBITDA more than doubled year-over-year to IDR 2.9 trillion.

• Net profit surged 157.7% year-over-year to IDR 1.94 trillion.

• Basic EPS: Rp156 per share, up from Rp59 per share year-over-year.

• Total assets: Rp39.33 trillion as of March 31, 2026.

Outlook and guidance

• Management expects continued growth in all segments, supported by stable demand and ongoing cost efficiency initiatives.

• 1Q2026 EBITDA provides a strong base for the rest of FY2026, despite expected shrinkage in consumer purchasing power.

• Long-term protein consumption growth in emerging Asia remains favorable.

• The group is monitoring global geopolitical risks and supply chain disruptions, with no direct exposure to conflict regions but potential indirect impacts.