JAKARTA – PT Yupi Indo Jelly Gum Tbk (YUPI) has announced plans for its first dividend distribution since its debut on the stock market on 25 March 2025.

According to an information disclosure on Wednesday (4/6), YUPI’s Finance Director Nugroho Harjono stated that the plan is pending approval at the Annual General Meeting of Shareholders (AGMS), scheduled for 25 June.

YUPI’s management will also seek approval for the 2024 financial statements, the appointment of an accountant, the determination of salaries and other benefits for the board of commissioners and directors, as well as changes to the composition of commissioners and directors during the AGMS.

In addition, the company will present the realisation of the use of proceeds from its Initial Public Offering (IPO).

At an Extraordinary General Meeting of Shareholders, YUPI will seek approval to pledge company assets and allocate retained earnings as an additional final dividend.

In its financial report for the 2024 fiscal year, the issuer recorded a net profit of IDR 154.20 billion. Unappropriated retained earnings at year-end stood at IDR 1.71 trillion, while total equity reached IDR 2.24 trillion.

Meanwhile, YUPI’s share price rose 1.90% to IDR 1,880 as of 10:41 AM WIB on Wednesday (4/6). However, the stock has declined 6.75% over the past week of trading.

As previously reported, YUPI raised IDR 2.04 trillion through its IPO. Around 72% of the proceeds are allocated for the construction of a new factory in East Java, with the remaining 28% set aside for market expansion. (LK/KR/ZH)