Transformation Boosts Pupuk Indonesia's Position to 14th in FI-100
PT Pupuk Indonesia (Persero) has strengthened its position in the 2026 Fortune Indonesia 100 (FI-100) rankings through ongoing governance and operational transformations. Based on the company rankings in Indonesia according to fiscal year 2025 revenue, the state-owned enterprise has risen to 14th place, making it the 8th largest SOE by revenue in Indonesia.
This rise in ranking aligns with the growth in Pupuk Indonesia’s revenue, which increased from Rp 81.6 trillion in 2024 to Rp 90.4 trillion in 2025. At a regional level, Pupuk Indonesia’s position in the Fortune Southeast Asia 500 2026 also improved from 69th to 68th place.
Director of Operations at Pupuk Indonesia, Dwi Satriyo Annurogo, stated that this achievement serves as evidence of the company’s strengthening fundamentals through transformations carried out alongside the government and in coordination with Danantara Indonesia. The transformation aims to bolster Pupuk Indonesia’s competitiveness while ensuring the fertiliser industry becomes more resilient in supporting national food security.
“Moving forward, we will continue our transformation to build a more efficient, agile, and competitive Pupuk Indonesia,” Dwi Satrium said in a written statement on Sunday (20/09/2026).
Pupuk Indonesia is undergoing a comprehensive transformation supported by government policies through Presidential Regulation (Perpres) Number 6 of 2025 and Presidential Regulation Number 113 of 2025. Perpres 6/2025 simplifies the governance of subsidised fertiliser distribution, making the distribution process easier, faster, and more targeted. The results are already evident in the 2025 distribution of subsidised fertiliser, which reached 8,110,571 tonnes, a 10.68% increase from the previous year.
Meanwhile, Perpres 113/2025 changes the fertiliser subsidy mechanism from a cost-plus scheme to a marked-to-market scheme, as well as allowing for advance payment of raw materials. This policy encourages operational efficiency while ensuring raw materials are available when needed, thereby maintaining the supply to farmers.
The impact of this transformation and efficiency extends beyond corporate performance, as it is also directed towards providing direct benefits to farmers. Since October 2025, the Maximum Retail Price (HET) for subsidised fertiliser has decreased by 20%.