Jakarta, May 5, 2025 – Holding Perkebunan Nusantara PTPN III (Persero) continues to show positive performance and strengthening of its business portfolio as a result of the comprehensive transformation carried out in the last few years. Through strategic restructuring and operational efficiency, PTPN Group is now on a path of sustainable growth and increasingly solid profitability.
President Director of Holding Perkebunan Nusantara PTPN III (Persero), Mohammad Abdul Ghani, revealed that the transformation carried out since 2020 has had a significant impact on the company’s financial health and business structure. “PTPN Group has not only succeeded in getting out of the pressure of historical burdens, but has also succeeded in building a more focused and high-value-added business portfolio structure. The transformation we have carried out has proven to be able to boost efficiency, productivity, and profitability,” he said.
In the period 2021-2024, PTPN Group took strategic steps and transformation, where the company restructured 13 subsidiaries into 3 entities, namely PTPN I (Supporting Co), PTPN IV (Palm Co), and PT Sinergi Gula Nusantara (Sugar Co). In addition, the company also carries out EBITDA Transformation through operational and cost efficiency, increased accountability and control functions. The company is also actively developing strategic initiatives to support food security, green energy transition, and sustainable agro-based downstreaming.
Holding Perkebunan Nusantara PTPN III (Persero) has successfully obtained a final rating of “idA”/Stable” (Single A; Stable Outlook) by Rating Agency PT Pefindo for the period of April 24, 2025 to April 1, 2026, an increase compared to the previous period where the Company received a “Healthy” predicate with a rating of “idA-“/stable. This reflects that the Company has a strong ability compared to other Indonesian obligors to meet its long-term financial commitments. This achievement is also supported by good financial performance, a healthy capital structure, and positive industry prospects.
As a positive impact of corporate actions through strong financial management, operational efficiency and cash that exceeds targets, the journey towards healthy equity continues, PTPN Group recorded an encouraging early year performance with financial performance skyrocketing sharply. The Company successfully posted a Net Profit in the First Quarter of 2025 of IDR 705 billion, jumping 1,032 percent compared to the same period last year, or 289 percent compared to the RKAP.
President Director of Holding Perkebunan Nusantara PTPN III (Persero), Mohammad Abdul Ghani said that PTPN Group’s net profit in the first quarter of 2025 skyrocketed, supported by solid and positive performance from the three Sub Holdings, where net profit from PTPN I (Supporting Co), PTPN IV (Palm Co) and PT Sinergi Gula Nusantara (Sugar Co) recorded positive net profit.
PTPN Group recorded an increase in CPO sales value of 114% from the RKAP or IDR 8.2 trillion, which was partly due to an increase in CPO selling price of 120% from the RKAP or IDR 14,500/kg. Meanwhile, Sugar Sales were recorded at IDR 1.09 trillion or 137% from the RKAP, which was due to an increase in Sugar sales volume of 69 thousand tons or 295% from the RKAP, and an increase in Sugar selling price of IDR 15,559/kg or 107% from the RKAP.
“More efficient operational cost management also contributed to better Profit and EBITDA for all major commodities,” said Ghani.
Impact of Comprehensive Transformation
The various positive achievements are inseparable from the implementation of comprehensive transformation within Holding Perkebunan Nusantara, including organizational restructuring, application of digital technology, and commitment to the principles of Environmental, Social, and Governance (ESG). The transformation not only improves financial performance, but also strengthens the company’s position as a major player in the national and even global plantation industry.
Ghani added that the transformation also includes the integration of digital processes, better corporate governance, and increased HR capabilities. This has a direct impact on the company’s competitiveness and long-term performance. “With a leaner, more focused, and valuable portfolio, PTPN is ready to become a major player in the modern and highly competitive global plantation and agro-industry industry,” he added.
PTPN Group is committed to continuing to strengthen its strategic role as a national agribusiness corporation. The company not only contributes to increasing economic value, but also supports the national agenda including: strengthening economic resilience for quality and equitable growth, developing regions to reduce disparities and ensure equality, building the environment, increasing disaster and climate change resilience through sustainable transformation.