JAKARTA – PT FAP Agri Tbk (FAPA) posted a profit of IDR 242.42 billion in the first quarter of 2025, a sharp turnaround from a loss of IDR 40.66 billion in the same period last year.

According to the Financial Report as of March 2025, published on (6/5), FAPA President Director Ricky Tjandra stated that sales rose 37.64% to IDR 1.64 trillion from IDR 1.19 trillion.

The increase in sales was driven by all commodity segments, with the largest contribution coming from palm oil products, which generated IDR 1.02 trillion, accounting for 62.09% of total revenue.

Customers contributing more than 10% of FAPA’s revenue included PT Multi Nabati Sulawesi with IDR 591.36 billion, PT Green Global Utama with IDR 213.51 billion, and PT Wahana Prima Sejati with IDR 148 billion.

FAPA’s gross profit surged 300% to IDR 489.72 billion from IDR 122.81 billion, lifting the gross profit margin to 29.65% from 10.18%. Operating profit skyrocketed 5,844% to IDR 365.10 billion from IDR 6.14 billion. (LK/ZH)