• CSRA posted IDR 1.06T revenue in 2024
Cisadane Sawit Raya (CSRA) recorded revenue of IDR 1.06T in 2024 (+21.8% yoy), driven by
higher Crude Palm Oil (CPO) sales volume and an increase in the average selling price.
Despite a 4.6% decline in Fresh Fruit Bunches (FFB) production to 321,982 tons, impacted by
weather disruptions and ganoderma disease, CPO production rose 14.5% to 55,700 tons. The
company’s expansion efforts were reflected in a wider planted area of 20,067.6 ha, compared
to 19,552.0 ha in 2023. Financially, gross profit reached IDR 483.86B (+21.1% yoy), with a 45.4%
gross margin. Net profit surged 46% yoy to IDR 213.36B, driven by tight cost control, boosting
the net margin to 20.1% from 16.7% in 2023. CSRA remains focused on expanding production
capacity and developing new palm oil processing facilities to enhance value-added product
output, positioning the company for further growth. (Kontan)
• INTP booked an IDR 2T net profit in 2024
Medikaloka Hermina (HEAL) has announced a share buyback program worth IDR 100B,
targeting a maximum of 95M shares between 21 Mar 25, and 2 May 25, with a maximum
purchase price of IDR 1,680 per share. According to CEO Hasmoro, the buyback will not
impact company revenue but may slightly affect earnings per share due to the reduction in
outstanding shares. This initiative aims to stabilize share prices amid market fluctuations and
provide HEAL with capital flexibility for future financing needs. (Kontan)
• MDKA and MBMA stands to benefit from expansion to gold and nickel
Merdeka Copper Gold (MDKA) is accelerating its Pani Gold Project, targeting initial
production of 80,000 – 100,000 oz in 1Q26, with plans to scale up to 300,000 ounces in
subsequent years. The project holds a 6.9M oz gold reserve, aiming for peak production of
500,000 ounces annually. Beyond gold, MDKA is expanding in nickel through Merdeka
Battery Materials (MBMA). MBMA recently completed its first MHP sales from the HPAL PT
ESG plant, which is designed to produce 30,000 tons of nickel per year. Meanwhile, the
company continues its copper project in Banyuwangi, though permitting is still in progress.
(Kontan)
