Six CPO-Listed Companies Report Stunning Profits: One Surges 100%
Jakarta, CNBC Indonesia — The financial performance of a series of crude palm oil (CPO) listed companies has achieved robust double-digit growth.
We have identified six CPO emitters that have released financial reports through the 2025 period.
First, the primary focus comes from PT Sinar Mas Agro Resources and Technology Tbk (SMAR), which recorded a net profit surge of up to 102.23%.
Notably, the company’s revenue growth was in the region of only 10%, making this profit increase more reflective of management’s success in reducing the cost of goods sold and improving supply chain efficiency in downstream business operations.
Additionally, the company’s strategic approach is also evident in efforts to strengthen its capital structure. In early 2026, SMAR was reported to be quite aggressive in issuing bonds to strengthen funding flexibility amid industry dynamics.
Solid performance was also demonstrated by PT Astra Agro Lestari Tbk (AALI). This Astra Group-owned palm oil emitter recorded a net profit increase of 28.24% to Rp1.47 trillion.
From a fundamental perspective, AALI also noted a fairly significant balance sheet improvement, reflected in a reduction of liabilities by 48.48%. The company’s strategy in streamlining its financial structure has made AALI’s position healthier and more adaptive in facing commodity price fluctuations that frequently occur in the palm oil industry.
On the other hand, PT Eagle High Plantations Tbk (BWPT) is beginning to show signs of recovery after several years under performance pressure.
The company recorded revenue growth of 33.90% to Rp5.76 trillion, driven by an increase in sales volume of approximately 15%. A transformation emphasising Environmental, Social and Governance (ESG) principles and optimisation of plant productive age appears to be beginning to yield results and boost operational performance improvement.
Meanwhile, emitters under the Salim Group, namely PT Salim Ivomas Pratama Tbk (SIMP) and PT PP London Sumatra Indonesia Tbk (LSIP), have once again demonstrated the strength of their integrated business model. LSIP managed to record net profit of Rp1.88 trillion despite core fresh fruit bunch (FFB) production falling by approximately 3%.
This decline was successfully offset by increases in selling prices as well as a strategy of purchasing FFB from external parties. Notably, until December 2025, LSIP maintained its status as a bank-debt-free emitter, affirming the company’s balance sheet strength.
Meanwhile, SIMP recorded sales of Rp21.05 trillion with profit growth of 33.42%. Business integration from plantations to downstream products such as cooking oil is one of the key factors supporting the company’s performance.
Additionally, PT Teladan Prima Agro Tbk (TLDN) also noted quite impressive performance. The company closed the year with net profit of approximately Rp1.10 trillion, with achievements that have actually been evident since the beginning.
In fact, by September 2025, TLDN’s net profit realisation had already exceeded total profit for the entire year 2024. Management attributed this performance largely to increased sales volume of crude palm kernel oil (CPKO), a palm-derived commodity which during this period recorded price increases higher than standard CPO.