PT Dua Putra Utama Makmur Tbk (DPUM) has become a focal point for\ninvestors following a change in control scheduled for 2026. According to\nannouncements from the Indonesia Stock Exchange (BEI), this transition\noccurs after PT Rama Indonesia acquired a 59.24% stake in DPUM from PT\nPandawa Putra Investama in May 2026.<\/p>\n
The entry of Rama Indonesia, part of the Unirama Group, brings a new\nstrategic direction for DPUM. In addition to maintaining its core\nbusiness in the fisheries and seafood processing sector, the new\ncontroller is preparing investments and operational reinforcements to\ndrive business recovery and expansion.<\/p>\n
Recently, DPUM has prepared a capital expenditure (capex) of\napproximately Rp100 billion for 2026. The company also targets an\naverage EBITDA growth of 7.75% per annum during the 2027-2030\nperiod.<\/p>\n
The change in control was finalised after PT Rama Indonesia completed\nthe purchase of 2.473 billion shares, equivalent to 59.24% of DPUM\u2019s\nfully paid-up capital. The transaction was executed on 8 May 2026 at a\nprice of Rp88 per share, bringing the total transaction value to\napproximately Rp217.65 billion, establishing Rama Indonesia as the new\ncontrolling shareholder.<\/p>\n
Rama Indonesia is part of the Unirama Group, a business group\ninvolved in providing supply chain solutions and the distribution of\nfast-moving consumer goods (FMCG). This change in control is also\naccompanied by a plan for a Mandatory Tender Offer (MTO) for DPUM shares\nheld by public shareholders. The tender period is scheduled to run from\n24 September 2026 to 23 October 2026, with transaction settlement and\npayment slated for 9 November 2026, subject to OJK regulations.<\/p>\n
The arrival of the new controller brings several development plans\nfor DPUM\u2019s business. One of the most significant is the allocation of\nRp100 billion in capex for 2026. These funds are directed towards\nbusiness development, facility optimisation, increasing operational\ncapacity utilisation, and the restoration of facilities affected by\nfire.<\/p>\n
Furthermore, Unirama Group identifies synergy opportunities through\nits supply chain and distribution networks. Such synergies are expected\nto assist DPUM in strengthening its supply chain, expanding distribution\nnetworks, increasing operational efficiency, improving production\nfacility utilisation, restoring fire-damaged facilities, and expanding\nthe market for fishery products.<\/p>\n
DPUM also targets an average EBITDA growth of 7.75% per annum for\n2027-2030 as part of its post-control change development strategy.\nAccording to IPOT data, DPUM\u2019s share price experienced a decline during\nthe first session on Thursday (17\/9), dropping by Rp150 per share or\n5.66%.<\/p>\n
DPUM operates in the fisheries and seafood processing sector. Its\nbusiness model includes processing fishery products to meet both\ndomestic and export market demands. Its product lines include fish,\ntuna, squid, octopus, frozen fish, and other processed seafood\nproducts.<\/p>\n
With the entry of Unirlam Group, distribution networks and supply\nchains are key areas for potential development, though the realisation\nof these synergies depends on the execution of the company\u2019s strategies\nand operational progress.<\/p>\n
Regarding recent financial performance, DPUM faced pressure in the\nfirst half of 2026. Based on the Q2 2026 financial reports, the\ncompany\u2019s revenue was recorded at Rp407.5 billion, a 29.5% decrease\ncompared to Rp577.8 billion during the same period the previous year.\nDespite the drop in revenue, gross profit increased to Rp23.3 billion,\ncompared to Rp11.9 billion in the first half of 2025. However, DPUM\nrecorded a net loss of Rp31 billion, reversing from a net profit of\napproximately Rp82.4 million in the first half of 2025. EBITDA also\nturned negative at Rp1 billion, down from a positive Rp22.3 billion in\nthe previous period.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/expansion-imminent-under-new-controller-a-profile-of-dpum-and-its-latest-performance-1789696293", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }