JAKARTA – PT Japfa Comfeed Indonesia Tbk (JPFA) recorded a 2.34% year-on-year increase in net profit to IDR 680.41 billion in the first quarter of 2025, lifting basic earnings per share to IDR 59 from IDR 57.

According to its latest financial report, the growth in net profit was supported by a 2.92% rise in revenue to IDR 14.33 trillion.

The commercial farming segment contributed the largest share of sales at IDR 5.57 trillion, followed by the animal feed segment with IDR 3.87 trillion.

The processed livestock and consumer products segment generated IDR 2.55 trillion in revenue, followed by aquaculture at IDR 1.16 trillion, poultry breeding at IDR 841.44 billion, and other trading activities at IDR 587.74 billion.

Alongside the rise in revenue, the company’s cost of goods sold also increased to IDR 11.63 trillion, although gross profit still improved to IDR 2.69 trillion in the first quarter of 2025.

On the balance sheet, JPFA’s total assets rose 2.57% to IDR 35.55 trillion as of the end of March 2025, with equity standing at IDR 17.28 trillion. JPFA also reported an increase in cash and cash equivalents to IDR 1.74 trillion. (DH/ZH)