SMBR's Net Profit Surges 33% in 2025, Driven by Efficiency and Market Strengthening
PT Semen Baturaja (Persero) Tbk (SMBR) recorded solid financial performance throughout the 2025 fiscal year, with significant growth in revenue and net profit. This was accompanied by improvements in capital structure and a sustainable reduction in liabilities.
Throughout 2025, the company booked revenue of Rp2.36 trillion, an increase of 12.9% year-on-year compared to Rp2.09 trillion in 2024. This performance was driven by increased sales volumes, strengthening of existing markets, and more optimal distribution strategies in key marketing regions.
In terms of profitability, SMBR recorded net profit of Rp171.92 billion, growing 33% year-on-year compared to Rp129.25 billion in the previous year. With this achievement, the company booked a net profit margin of 7.3%, up from around 6.2% in 2024, reflecting improved profit quality.
The company also succeeded in enhancing efficiency through a reduction in financial expenses to Rp52.93 billion, or a 32.9% decrease year-on-year compared to Rp78.85 billion in the previous year. This decline reflects the company’s success in managing its debt structure and funding costs more effectively.
From a financial position perspective, SMBR recorded a strengthening of its capital structure, as reflected in the increase in total equity to Rp3.41 trillion, growing 4.6% year-on-year compared to Rp3.26 trillion in the previous year. Meanwhile, total liabilities were successfully reduced to Rp1.36 trillion, a significant 17.8% drop year-on-year from Rp1.63 trillion in 2024.
These improvements have resulted in healthier financial ratios for the company, including a lower debt-to-equity ratio (DER), reflecting a stronger capital structure and more controlled leverage levels. Additionally, the reduction in financial expenses has contributed to an increase in the company’s ability to meet interest payment obligations (interest coverage ratio).
In line with this positive performance, in 2026 SMBR maintained its credit rating from PT Pemeringkat Efek Indonesia (PEFINDO) at idAA- with a stable outlook. This rating increase reflects the company’s increasingly solid financial position, supported by improvements in operational performance, strengthening of capital structure, and a well-maintained risk profile.
General Manager of Corporate Secretary SMBR Hari Liandu stated that this achievement is the result of the transformation strategy and consistent financial discipline implemented by the company.
“The 2025 performance shows that SMBR is on a path of healthy and sustainable growth. We are not only focused on increasing revenue but also ensuring cost efficiency, strengthening capital structure, and prudent liability management. The rating from PEFINDO serves as validation of the company’s increasingly strong financial fundamentals,” said Hari Liandu.
Furthermore, management emphasised that the company will continue to prioritise selective and sustainable growth strategies, including operational optimisation, cost efficiency, and leveraging synergies with its parent company to address dynamics in the national cement industry. With increasingly strong financial fundamentals and stable credit rating support, SMBR is optimistic about maintaining growth momentum and enhancing competitiveness in the market ahead.