PT Mayora Indah Tbk (MYOR) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024 reached Rp 25.64 trillion, up 12% year-over-year, with profit for the period at Rp 2.06 trillion, nearly flat compared to the prior year.

• Packaged food and beverage segments remain the main revenue drivers, with strong domestic and export sales contributions.

• The company maintained robust liquidity and capital structure, with a net debt to equity ratio of 28.18% as of September 30, 2024.

Financial highlights

• Net sales increased to Rp 25.64 trillion from Rp 22.89 trillion year-over-year.

• Gross profit was Rp 6.12 trillion, stable from Rp 6.11 trillion in the prior year.

• Operating profit reached Rp 2.73 trillion, slightly down from Rp 2.79 trillion year-over-year.

• Net profit attributable to owners was Rp 2.02 trillion, nearly unchanged from Rp 2.03 trillion in the prior year.

• Basic earnings per share stood at Rp 90, compared to Rp 91 in the prior year.

Outlook and guidance

• Management continues to focus on maintaining healthy capital ratios and optimizing funding sources amid market volatility.

• The company is committed to sustaining growth in both domestic and export markets, leveraging its strong brand portfolio.