Consumer: Export of Non-Alcoholic Beverages Rose 34.36%
Indonesia Eximbank (LPEI) expressed optimismover the global export prospects for non-alcoholic water and beverages, driven by a strong 34.36% increase in export value to USD 164.21M in 2024, with volume rising 27.95% to 323,550 tons. Key export markets included the Philippines, Vietnam, Singapore, Malaysia, and Timor Leste. From January to April 2025, exports surged further by 73.45% yoy to USD 77.47M. Despite Indonesia’s global rankings at 31st for mineral water (HS 2201) and 45th for flavored water (HS
2202), LPEI sees continued growth potential, though challenges like limited technological innovation remain. LPEI reaffirmed its commitment to support exporters through financing and capacity-building programs in the beverage, FMCG, and food sectors. (Bisnis Indonesia)
AGII Raises Dividend Payout Ratio to 25%
The Annual General Meeting of Shareholders (AGMS) of PT Samator Indo Gas Tbk (AGII) has agreed to approve the distribution of cash dividends amounting to IDR 26.24 billion (25% of the company’s net profit for the 2024). The dividend payout ratio has increased from the previous fiscal year, which was only 20% of the total net profit of the company. The AGMS was held on Friday (June 13, 2025) in Jakarta.
ENRG Targets Additional Fresh Funds from a Private Placement Action
PT Energi Mega Persada Tbk (ENRG) is strengthening the performance of its subsidiary in the oil and gas sector through capital injection via private placement. In its latest prospectus, on Saturday (July 14, 2025), management announced a plan to issue 2,482,123,025 new shares (equivalent to 10% of the total shares that have been placed and fully paid). The fresh funds raised will be used to reinforce the business of its subsidiary, PT Imbang Tata Alam, where 70% of the results from the private placement will be allocated to fund drilling activities in the Malacca Strait Block. Meanwhile, the remaining 30% of the private placement funds will be used as additional working capital for PT Imbang Tata Alam, especially for the procurement of goods and services beyond drilling needs. The funds raised from this corporate action will be channeled in the form of loans from ENRG to PT Imbang Tata Alam. As for the execution price of the private placement, it will be a minimum of 90% of the closing price in the last 25 trading days in the regular market. As a consequence of this new share issuance, management estimates a maximum ownership dilution of 9.1% for existing shareholders. The company will seek approval for
the private placement plan from shareholders at the Extraordinary General Meeting of Shareholders (EGM) scheduled to be held on June 26, 2025.
IMAS Boosts Capital Expenditure by 62% in Q1-2025
PT Indomobil Sukses Internasional Tbk (IMAS) increased capital expenditure to IDR 731B in Q1- 2025, a 62% rise YoY, to support new vehicle production starting April–May 2025. The expanded portfolio includes seven EV brands from China and models from Citroen, Volkswagen, and Nissan. Despite an early-year automotive market slowdown, IMAS anticipates higher revenue in H2-2025, following Q1 earnings of IDR 7.54T (+3.5% YoY) and a net profit drop to IDR 5.3B. As of June 16, 2025, IMAS shares rose 0.58% to IDR 860 per share. (IDX Channel)
INET to Distribute IDR 664 Billion in Dividends
PT Sinergi Inti Andalan Prima Tbk (INET) announced a series of key decisions during its Annual and Extraordinary General Meetings of Shareholders (RUPST and RUPSLB) on June 12, 2025, including the distribution of a cash dividend of IDR 664 billion—equivalent to 50% of its 2024 net profit—and changes in management structure with the appointment of Saripudin as President Commissioner. Additionally, INET plans a rights issue of up to 12.8 billion shares to fund major expansion initiatives, particularly the development of fiber-to-the-home (FTTH) services with a target of 2 million homepasses over the next three years. The company also launched a low-cost internet program through its subsidiary PT IAB and began investing in submarine cable infrastructure as part of its diversification strategy and to strengthen its position in the digital connectivity sector. (Emiten News)
MEDC Announced the Successful First Lifting of Oil in Natuna
PT Medco Energi Internasional Tbk. (MEDC) announced the successful first lifting of oil from the Forel Oil and Gas Field located in the waters of the South Natuna Sea Block B. The initial production of this field reached 10,000 barrels of oil per day (BOPD), and the entire volume is stored at the FPSO Marlin Natuna facility before being sent to buyers. The FPSO Marlin Natuna is the first tanker conversion project carried out directly in Indonesia.
PGEO Has Successfully Been Synchronised with Its PLTP Lumut Balai 2 Project
After undergoing a series of technical tests, PT Pertamina Geothermal Energy Tbk. (PGEO) has finally succeeded in synchronizing the Geothermal Power Plant (PLTP) at the Lumut Balai 2 project. This synchronization is carried out on 10% of the total installed capacity at Lumut Balai 2, which reaches a total of 55 Mega Watts (MW). This is done as an effort towards the company’s operational phase, which is targeted to take place this month. With this synchronization, PGEO will begin supplying electricity to the PLN grid, which also marks the start of this project’s contribution to the company’s financial performance. This synchronization is an important step where electricity from the plant starts to be delivered to the PLN electricity network.
SMAR to Refinance IDR 538B Bond Maturity as Q1-2025 Net Profit Falls 25%
PT Sinar Mas Agro Resources & Technology Tbk. (SMAR) has allocated IDR 538 billion to repay the principal of its Sustainable Bonds IV Phase I Series B, due on July 6, 2025. The company plans to fund this from its ongoing Sustainable Bonds V and Sukuk Ijarah I public offerings, with any shortfall to be covered by internal cash flow. As of Q1-2025, SMAR’s total outstanding bonds reach IDR 3.24 trillion, with two series maturing in 2025 totaling IDR 1.08 trillion. On the operational side, revenue rose 18.31% YoY to IDR 21.15 trillion, supported by both domestic and export CPO sales, but net profit declined 24.53% YoY to IDR 134.2 billion, pressured by a proportional increase in COGS. (Bisnis Indonesia)
TRST Faces FX Loss in Q1-2025 but Maintains Export Growth Momentum
PT Trias Sentosa Tbk (TRST), a flexible packaging producer, booked a net loss of IDR 15.2 billion in Q1-2025, reversing from a net profit of IDR 6.18 billion in the same period last year, mainly due to a foreign exchange loss of IDR 31.15 billion. Despite a 3.16% YoY drop in net sales to IDR 842.9 billion, the company saw export sales rise 10% YoY to IDR 323.95 billion, with Japan and the US remaining
key markets. Gross profit and operating profit rose 20.36% and 69.06% YoY, respectively, supported by productivity gains from two new production lines. While domestic sales face stiff competition from cheaper imports, TRST continues to invest in efficiency and customer diversification, aiming to recover its 2024 performance. (Investor)
WOOD Confident in 20-25% Sales Growth Target for 2025
PT Integra Indocabinet Tbk (WOOD) is confident that the company has a strong competitive edge amidst the uncertainty of US tariff policies. The company targets sales in 2025 to grow between20-25% from 2024, which amounted to IDR 2.79T.
