CPO: Indonesia Government Hikes Export Levy
The Indonesian government will raise the crude palm oil (CPO) export levy from 7.5% to 10% of
the CPO reference price starting 17 May 25 to fund the expansion of its biodiesel blending
mandate. Levies on processed CPO products will also increase, ranging from 4.75% to 9.5%, up
from the current 3% to 6%. These funds support national palm oil programs, including
smallholder replanting subsidies and a higher biodiesel blend mandate, which rose to 40% in
2025 and may increase to 50% by 2026. The state palm oil fund agency plans to allocate IDR
35.47T (approx. USD 2.14B) for biodiesel subsidies this year. As of Apr 24, Indonesia had
consumed 4.44M kiloliters of biodiesel, with 15.6M kiloliters targeted for distribution in 2025.
(Kontan)
ARCI Turns Around with Strong Q1 Earnings and Revenue Growth
Archi Indonesia (ARCI) posted a strong turnaround in Q1 2025, recording a net profit of USD
10.28M (+ 345.93%) from a net loss of USD 4.18M in the same period last year—with basic earnings
per share rising to USD 0.0004. Revenue surged 59% yoy to USD 90.77M, while gross profit
jumped 409% to USD 25.93M. Operating profit also soared to USD 26.16M from USD 4.81M,
supported by lower selling expenses and higher other operating income. Although financial
income slightly declined to USD 53.43K financial expenses decreased to USD 8.65M. Total equity
rose to USD 283.3M, liabilities increased slightly to USD 598.27M, and total assets climbed to USD
881.58M, reflecting stronger financial positioning following a sharp earnings rebound.
(Emiten News)
BNII Provides USD 20M Financing for VinFast EV Factory
In a significant move to accelerate Indonesia’s energy transition, PT Bank Maybank Indonesia
Tbk (BNII) has provided a sustainable term loan of USD 20M (IDR 330.68B) to support VinFast’s
electric vehicle factory development in Indonesia. This financing is a key step toward achieving
Net Zero by 2060 and is part of Maybank Indonesia’s broader commitment to clean
transportation, which saw sustainable funding of IDR 2T in 2024 across both wholesale and retail
segments. Through its wholesale activities, including syndicated financing for clean energy
infrastructure and EV development, and its retail partnerships with subsidiaries like Maybank
Finance and WOM Finance—experiencing an 86% YoY growth in loans for electric and hybrid
vehicles—the bank is reinforcing its strategy to expand sustainable financing products for
critical sectors such as energy transition, renewable energy, and social-impact projects. (IDX
channel)
BRIS Financing Growth 15.46% Since Merger Fuels BSI Transformation
PT Bank Syariah Indonesia Tbk (BRIS) has grown its financing by 15.46% CAGR since its
government-initiated merger on February 1, 2021, with about 72% of that financing going to its
retail, SME, and consumer segments. The merger accelerated overall growth as assets surged
from IDR 239.58T at the end of 2020 to IDR 408.61T by December 2024, while its branch network
expanded to 1,039 outlets, boosting the customer base from around 14 million to over 21 million,
and third-party funds reached IDR 327.45T. Additionally, the bank’s CASA grew at a CAGR of
12.20%, and its net profit jumped from IDR 2.19T to IDR 7.01T, with ROE rising impressively from
11.18% to 17.77% during the same period. With robust performance fueling stronger global
investor confidence, BRIS is set to continue its transformation through further digitalization—
launching initiatives such as SuperApp BYOND by BSI and BEWIZE by BSI—while also expanding
its Islamic ecosystem in areas like hajj/umrah, zakat, wakaf, and other related services to drive
sustainable long-term growth. (IDX channel)
CBDK Declares IDR 5 Dividend per Share
PT Bangun Kosambi Sukses Tbk (CBDK), a subsidiary of PT Pantai Indah Kapuk Dua Tbk (PANI),
has announced a final cash dividend of IDR 5 per share, totaling IDR 28B. This follows a previous
interim dividend payout of IDR 340B for the 2025 fiscal year. In 2024, CBDK reported a net profit
of IDR 924.82B, from which IDR 555B was retained and IDR 1B set aside as reserves. (Kontan)
DMAS Targets IDR 1.8T Marketing Sales in FY25
PT Puradelta Lestari Tbk (DMAS) is targeting IDR 1.8T in land marketing sales for 2025, primarily
from the data center, logistics, and FMCG sectors. According to Director and Corporate Secretary
Tondy Suwanto, 1Q25 performance aligned with expectations, with total revenue of IDR 508B (-
7.5% yoy) driven largely by the industrial segment (93.7% of total). Net profit reached IDR 355.5B
with a strong 70% margin. DMAS continues developing the integrated, eco-friendly Kota
Deltamas township and is planning to expand its landbank, though details remain undisclosed.
As of Mar 25, total assets stood at IDR 8.57T, up 3.8%, supported by a 20.2% increase in cash to
IDR 2.12T. (Kontan)
ELSA Strategic Partnership with Keyfield Offshore Strengthens Offshore
Services
PT Elnusa Tbk (ELSA), through its subsidiary PT Elnusa Trans Samudera, has signed an MoU with
PT Keyfield Offshore to enhance its offshore service offerings in the marine and offshore service
sector, particularly to support increasingly complex offshore operations. As part of Pertamina’s
upstream subholding, ELSA is committed to expanding its service capabilities—leveraging
technology transfer, improving workforce competencies, and exploring opportunities for
international market expansion—to bolster Indonesia’s national maritime industry. The
collaboration combines Keyfield’s technical expertise and vessel fleet with Elnusa Trans’s local
market insight to deliver comprehensive maritime solutions in one of Southeast Asia’s most
dynamic energy markets. Meanwhile, ELSA’s stock has risen 1.66% to IDR 490/share, having
climbed 3.81% over the past week and 17.79% in the last month. (IDN financials)
FAST Private Placement to Raise IDR 80B, 65% for Inventory Purchase
PT Fast Food Indonesia Tbk (FAST) is targeting to raise IDR 80B via a private placement by
issuing 533.33 million new shares at IDR 150 each. The entire fund will serve as working capital,
with about 65% allocated for inventory purchases and settling current liabilities (IDR 52B) and
the remaining IDR 28B earmarked for operational expenses to boost employee efficiency. The
corporate action is slated for discussion at the Annual General Shareholders Meeting on May 16
and will be executed by June 20, 2025. Following the placement, FAST’s paid-up capital will
increase from IDR 199.51B to IDR 226.18B, while its portfolio share value will adjust from IDR
598.48B to IDR 571.81B. The move is also expected to alter the shareholding structure, with PT
Gelael Pratama’s and PT Indoritel Makmur International Tbk’s stakes rising from 40% and 35.84%
to 41.18% and 37.51%, respectively, while the public shareholding drops from 16.18% to 14.27%, and
treasury shares slightly decrease from 0.08% to 0.07%. (IDN financials)
GEMS to Distribute IDR 1.8T Dividend
PT Golden Energy Mines Tbk (GEMS), a leading coal producer within the Sinarmas Group,
announced a final dividend of USD 110M (IDR 1.81T) for its 2024 fiscal year. This follows interim
dividends of USD 150M, USD 150M, and USD 90M from a total declared dividend pool of USD
500M. The remaining final dividend translates to USD 0.0187/share or IDR 309.15/share,
calculated using Bank Indonesia’s mid-rate of USD 1 = IDR 16,532 as of 14 May 2025. Notably, the
final dividend payout exceeds the company’s 2024 net profit of USD 473.8M, being funded by
USD 472.8M from the current year’s net profit after mandatory reserves and USD 27.19M from
unappropriated retained earnings. Additionally, the company’s RUPS accepted the resignation
of deputy director Haris Mustarto and appointed Iwan Hermawan as Deputy President Director
for the remaining term. (Bisnis Indonesia)
SGRO to Pay Rp600 Billion Dividend for FY2024
PT Sampoerna Agro Tbk. (SGRO), part of the Sampoerna Group, has declared a cash dividend of
IDR 330 per share for the 2024 fiscal year, totaling approximately IDR 600.15B, as approved in
the Annual General Meeting on May 9, 2025. The dividend will be paid on June 5, 2025, with the
cum dates set for May 21 (regular and negotiated markets) and May 23 (cash market).
Shareholders recorded by May 23 will be eligible. The dividend reflects a sharp increase from last
year’s IDR 121/share, supported by strong financials: SGRO booked a 54.75% yoy rise in net profit
to IDR 748.56B and a 1.31% increase in revenue to IDR 5.69T as of December 31, 2024. The
company’s retained earnings and total equity stood at IDR 4.53T and IDR 6.21T, respectively.
(Emiten News)
