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3Q26 Top-line
3Q26 revenue rose to IDR 692bn (+29.8% QoQ, +27.0% YoY), supported by CPO sales of 38,604t (+31% QoQ, +17% YoY) and ASP of IDR 15,184/kg (+3% QoQ, +9% YoY). Volume accounted for 59% of YoY growth, while sales exceeded production by 8%, reversing a 14% shortfall in 2Q26. 9M26 revenue reached IDR 1,743bn (+16.8% YoY).
3Q26 Bottom-line
3Q26 net profit fell to IDR 167bn (-13.5% QoQ, -30.5% YoY) as cost of revenue rose 85% YoY while CPO sales volume rose 17%, cutting GPM 20.2pp YoY to 35.4%. The company cites fertilizer costs on higher oil prices and third-party FFB. The tax rate rose to 26.5% (3Q25: 13.6%), and 9M26 net profit fell to IDR 501bn (-9.5% YoY).
3Q26 Operations
3Q26 nucleus FFB output rose 4% QoQ and YoY to 143,861t (yield 5.45t/ha), while mill intake grew 12% YoY to 160,710t, with outside-nucleus FFB at 10.5% (3Q25: 3.7%). CPO production rose 14% YoY to 35,829t, with OER at 22.3% (3Q25: 21.9%). Prime-age palms accounted for 90.4% of nucleus area, while 9M26 new planting fell 72.5% YoY.
Important Ratios
9M26 GPM fell to 42.5% (9M25: 54.3%) and OPM to 38.3% (9M25: 50.0%), with OPM measured before other income and gains. 3Q26 GPM was 35.4% (-14.8pp QoQ, -20.2pp YoY) and OPM 32.3% (-12.0pp QoQ, -19.3pp YoY). Annualised 9M26 ROAE was 31.4% (9M25: 45.0%), net gearing 38.0% (Sep-25: 57.0%) and interest cover 6.1x.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
