JAKARTA – PT Yupi Indo Jelly Gum Tbk (YUPI) is seeking a loan facility from banks to fund its working capital needs. This was disclosed by the company’s management in a public filing on Wednesday (4/6).

Nugroho Harjono, YUPI’s Finance Director, stated that the loan facility will require the company to pledge more than 50% of its net assets.

“The company needs to obtain shareholder approval,” he said.

According to its Q1 2025 financial statement, the company reported short-term liabilities of IDR 421.93 billion, long-term liabilities of IDR 47.64 billion, and no outstanding bank debt.

Total assets stood at IDR 3.48 trillion, an increase of 30.37% from IDR 2.67 trillion at the end of December 2024.

The company raised IDR 2.04 trillion from its initial public offering (IPO) on 25 March 2025. Approximately 72% of the proceeds have been allocated to building a factory in Nganjuk, East Java, while 28% is intended for market expansion.

Meanwhile, YUPI’s shares closed up 5.69% at IDR 1,950 at 4:00 PM Jakarta time on Wednesday (4/6). However, the stock has declined 18.41% from its IPO price of IDR 2,390 per share. (LK/ZH)