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3Q26 Top-line
3Q26 revenue rose 8.7% QoQ and 22.7% YoY to IDR19.2tn, a record quarter, lifting 9M26 revenue to IDR54.5tn (+26.5% YoY) on higher volumes and ASPs. 9M26 gross sales rose 31.8% YoY in feed, 31.8% YoY in breeding, 22.6% YoY in commercial farm and 29.0% YoY in poultry processing.
3Q26 Bottom-line
3Q26 net profit rose 14.7% QoQ but fell 35.7% YoY to IDR756bn as GPM eased to 18.9% (3Q25: 22.0%) and finance costs jumped 69.7% QoQ and 76.9% YoY to IDR366bn on higher debt. 9M26 net profit reached IDR3.23tn (+34.0% YoY) with NPM 5.9% (9M25: 5.6%).
9M26 Segment Results
9M26 feed segment result rose 34.4% YoY to IDR2.89tn, breeding climbed to IDR1.83tn (+193.3% YoY) on firmer DOC prices, while commercial farm fell 15.7% YoY to IDR804bn after a 2Q26 loss as livebird price fell.
Important Ratios
3Q26 GPM 18.9% (2Q26: 17.6%; 3Q25: 22.0%), OPM 7.6% (6.3%; 11.4%) and NPM 3.9% (3.7%; 7.5%). 9M26 annualized ROAE 21.5% (9M25: 19.8%). Net gearing rose to 64.0% (Dec-25: 41.5%; Sep-25: 53.5%); 9M26 interest coverage 6.6x (9M25: 6.5x).
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.
