Pefindo Assigns idA Rating to Prime Agri Resources (SGRO) with Stable Outlook

JAKARTA. PT Pemeringkat Efek Indonesia (Pefindo) has assigned an idA rating to PT Prime Agri Resources Tbk (SGRO). “Pefindo affirms the idA rating with a stable outlook for PT Prime Agri Resources Tbk (SGRO),” stated Fahrinaldi Akbar and Kresna Wiryawan, Pefindo analysts, in an official statement on Friday (10/4/2026). Pefindo also affirms the idA rating for Sustainable Bond I and Sustainable Bond II, as well as the idA(sy) rating for Sustainable Ijarah Sukuk I and Sustainable Ijarah Sukuk II issued by the company. The rating could be upgraded if SGRO manages to increase sustainable productivity growth, or expand its plantation areas and enhance business integration and product diversification while maintaining a strong financial profile. “The rating could be downgraded if the company adds debt far exceeding projections or if crude palm oil prices fall significantly, which could weaken the company’s overall financial profile,” Pefindo explained in its report. As is known, PT Prime Agri Resources Tbk (SGRO) recorded a decline in net profit despite rising revenue throughout 2025. Revenue from customer contracts was recorded at Rp 6.44 trillion in 2025, up 16.42% from Rp 5.53 trillion in 2024. Meanwhile, net profit stood at Rp 504.77 billion in 2025, down 44.26% from Rp 905.59 billion in 2024.