DSNG CEO Andrianto Oetomo: Profit up 15% to IDR 421 billion in Q1

JAKARTA -- PT Dharma Satya Nusantara Tbk (DSNG) recorded a net profit of IDR 421 billion in the first quarter of 2026, marking a 15% year-on-year increase.

Based on the company’s press release on Monday (27/4), the performance was supported by revenue reaching IDR 2.9 trillion, up 8% in the first quarter of 2026.

President director Andrianto Oetomo said the palm oil segment remained the company’s main contributor to revenue.

Sales of crude palm oil (CPO) rose 18%, although the average selling price (ASP) declined by around 3% in the first quarter of 2026.

In line with higher CPO sales volumes, cost of goods sold increased 10% to IDR 2 trillion. However, the company’s deleveraging efforts helped reduce interest expenses, supporting profit growth.

On the production side, DSNG recorded fresh fruit bunch (FFB) output of 492 thousand tonnes, up 2.7%. Output from plasma plantations increased 6.2%, while nucleus estates grew 1.8%.

CPO production rose 2.1% to 141 thousand tonnes, followed by palm kernel (PK) output, which increased 2.9% to 27 thousand tonnes, and palm kernel oil (PKO), which grew 5.7% to 8.5 thousand tonnes.

Operational performance was reflected in an oil extraction rate (OER) of 23.32% and free fatty acid (FFA) levels of around 3%.

“The company is preparing a range of strategic and prudent measures, including a replanting programme to maintain plantation productivity. To date, replanting realisation has reached around 5,000 hectares,” Andrianto said.

In the wood industry segment, global market pressure persisted due to weakening demand for panel products and engineered flooring, particularly from the United States.

Uncertainty surrounding tariff policies has also led buyers to act more cautiously and delay purchasing decisions.

The company recorded wood panel sales of 26 thousand cubic metres and engineered flooring of 56 thousand square metres, down 11.5% and 63.2%, respectively.

Meanwhile, the renewable energy segment posted revenue of IDR 40.2 billion, down 8.4%, mainly due to weaker biomass demand in Japan, which reduced export volumes of palm kernel shells (PKS).

As of 31 March 2026, DSNG’s total assets stood at IDR 17.7 trillion, up 0.8%. Liabilities reached IDR 5.7 trillion, while equity totalled IDR 12 trillion.

In stock trading during the first session today, as of 12:00 PM WIB, DSNG shares rose 6.74% to IDR 1,820 per share.

Over the past month, the stock has climbed 13.75%, and since the start of 2026 it has surged 20.93%. (DK/ZH)