Indomie Producer ICBP's Profit Plunges 33%, Here's Why

Jakarta - Consumer goods issuer PT Indofood CBP Sukses Makmur Tbk. (ICBP) booked an 11% year-on-year (yoy) increase in consolidated net sales to Rp41.86 trillion in the first half of 2026. Operating profit rose 8% to Rp9.15 trillion from Rp8.48 trillion in the first half of last year, with the operating profit margin remaining healthy at around 21.9%.

However, profit for the period attributable to owners of the parent entity fell 33% yoy to Rp3.70 trillion from Rp5.54 trillion in the first half of last year.

In a press release, it was explained that the slump was mainly due to an increase in unrealised foreign exchange losses from financing activities as a result of the weakening rupiah exchange rate.

Core profit, which reflects operational performance, rose 1% to Rp5.40 trillion from Rp5.37 trillion in the first half of last year.

Anthoni Salim, President Director and Chief Executive Officer of ICBP, said ICBP delivered a positive performance in the first half of 2026 despite facing an increasingly dynamic market situation.

“Amid a market situation that remains full of uncertainty, we remain vigilant. We will continue to align production with market needs and manage costs effectively and efficiently to maintain profitability and cash flow,” he said in the press release.