Palm Oil Issuer STAA's Revenue Rises 49.2%, Supported by Refinery Contribution

JAKARTA – The palm oil industry issuer PT Sumber Tani Agung Resources Tbk (STAA) recorded solid performance in the first quarter of 2026. STAA’s performance was supported by increases in revenue and gross profit amid the operational dynamics of the palm oil industry. The company booked revenue of Rp 2.486 trillion in the first three months of 2026, up 49.2% year-on-year (YoY). This increase was driven by the full contribution from the refinery facility, which began operating in the middle of last year. Management stated that this achievement reflects changes in product composition as well as price dynamics throughout the period. On the operational side, STAA’s total fresh fruit bunch (TBS) production reached 221,421 tonnes in the first quarter of 2026, down 7.7% from the same period last year. The production decline was mainly influenced by less conducive weather conditions during the period. The company stated that hilirisasi strategies and strengthening of integrated infrastructure continue to be part of strengthening business fundamentals, including through improvements in operational quality across all business lines. Amid the strengthening performance, STAA also marked a strategic step by officially joining the Roundtable on Sustainable Palm Oil (RSPO). This membership is said to be part of formalising the company’s operational standards, which have referred to international practices and standards. Going forward, the company stated that the certification process will continue, in line with ongoing improvements in operational standards. Management assessed that this step is expected to support the competitiveness of the company’s export products while strengthening STAA’s position in the international market. “We view sustainability as an integral part of the company’s operations,” said STAA’s Head of Investor Relations Kevin Wijaya in a press release on Saturday (25/4/2026). In line with the hilirisasi strategy, STAA stated that it will continue to enhance agronomy practices, production efficiency, as well as environmental and social management. The company also mentioned that the integration of business growth and sustainability is the company’s long-term strategic direction. With a strong business foundation, STAA is optimistic about continuing to create long-term added value for shareholders, while contributing to the national and global palm oil industry.