ID FOOD Targets 11% Profit Increase This Year

Jakarta, CNBC Indonesia — The state-owned food holding company ID FOOD is targeting a net profit increase of 11% in 2026 to Rp 437 billion, from this year’s achievement of Rp 393 billion.

ID FOOD’s President Director Ghimoyo explained that since 2021, the company has only realised profits after previously incurring losses.

“ID FOOD is committed to continuously improving its financial performance, so revenue, EBITDA, and net income are targeted to increase,” he stated during a meeting with Commission VI at the DPR RI building in Jakarta on Monday (30/3/2026).

In his presentation, it was noted that the company faced pressure since 2021 with a loss of Rp 823 billion. The loss improved in 2022 to Rp 298 billion. The loss continued to shrink in 2023 to Rp 194 billion. However, it slightly widened in 2024 to Rp 231 billion.

The profit target increase this year is also driven by a revenue target projected to rise 31% to Rp 35.9 trillion. It is known that revenue throughout 2025 was Rp 27.4 trillion.

Throughout 2025, this increase was driven by sales of three main products: sugar, beef, and buffalo meat.

He explained that the company’s performance improvement this year will also reflect increased profitability, as evidenced by an ROA increase estimated at 157% to 1.8% from 2025’s achievement of 0.7%. Meanwhile, ROE is targeted to rise 145% from 1.1% to 2.7% in 2026.

Meanwhile, in terms of profitability, ID FOOD’s EBITDA this year is targeted to increase 21% to Rp 895 billion from 2025’s achievement of Rp 720 billion.

Later, he added, ID FOOD’s assets in 2026 will decrease 55% to Rp 24.1 trillion from 2025 assets of Rp 53.9 trillion.

“The value of ID FOOD’s assets will decrease by more than half due to the impact of subsidiary restructuring and refocusing as a food trading company,” he concluded.