PALMOILMAGAZINE, JAKARTA – PT Teladan Prima Agro Tbk (TLDN) reported an impressive financial performance in 2024, recording a net profit of IDR 825.59 billion. This marks a substantial 82.7% growth compared to the previous year’s IDR 451.79 billion, surpassing the company’s annual target by 10%. The strong performance was driven by an increase in the average selling price of Crude Palm Oil (CPO) and Palm Kernel (PK), along with effective cost efficiency measures.
In 2024, the average selling price of CPO reached IDR 12,230/kg, up 11.6% from IDR 10,959/kg in the previous year. Meanwhile, the average selling price of PK surged 56.3% to IDR 6,782/kg from IDR 4,341/kg. Despite a decline in CPO and PK sales volumes by 8.5% and 27.3% year-on-year, the significant price increase contributed to the company’s profit growth.
Overall, TLDN recorded total revenue of IDR 4.21 trillion in 2024, a 5.1% increase from the previous year. Revenue from CPO sales reached IDR 3.85 trillion, growing 2.1% year-on-year, while PK sales contributed IDR 271.77 billion, up 13.5% year-on-year.
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On the efficiency front, TLDN successfully reduced production costs to IDR 2.76 trillion, down 6.2% from IDR 2.94 trillion in the previous year. This cost reduction was achieved without compromising plantation productivity. Fresh Fruit Bunch (FFB) production reached 1.22 million tons in 2024, reflecting a 0.5% increase despite challenges posed by weather anomalies.
“This increase in FFB production is the result of consistent plantation practices, including proper fertilization, infrastructure maintenance, harvest optimization, and the integration of technology in plantation operations,” said TLDN President Director Wishnu Wardhana in a written statement quoted by Palmoilmagazine.com on Sunday (23/3/2025).
As part of its downstream expansion strategy, TLDN also began generating revenue from derivative PK products, such as Crude Palm Kernel Oil (CPKO) and Palm Kernel Expeller (PKE), through its Kernel Crushing Plant (KCP) operations. Last year, the company earned IDR 89.89 billion from CPKO sales and IDR 3.66 billion from PKE sales.
“We are committed to maintaining the company’s financial and operational growth through well-measured and strategic efforts, reflecting our responsibility as a publicly listed company,” concluded Wishnu Wardhana. (P2)
