PALMOILMAGAZINE, JAKARTA – PT Cisadane Sawit Raya Tbk (CSRA IJ) achieved a historic milestone in 2024, recording its highest-ever sales. This achievement highlights the company’s commitment to sustainable and innovative palm oil industry development.
The year 2024 marked a significant turning point for CSRA, driven by strategic initiatives, including production expansion and new facility developments. A key project was the construction of the company’s third palm oil mill (PMKS) in Banyuasin Regency, set to begin operations in the second half of 2025. The new facility is expected to enhance sales performance and operational efficiency.
In a written statement quoted by Palmoilmagazine.com on Tuesday (March 25, 2025), CSRA reported revenue of IDR1.07 trillion in 2024, a 21.8% increase from IDR875.51 billion in the previous year. This growth was fueled by higher crude palm oil (CPO) sales volume and an increase in the average selling price.
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The company’s gross profit rose by 21.1% to IDR483.86 billion, up from IDR399.58 billion in 2023. Meanwhile, net profit surged 46% to IDR213.36 billion, compared to IDR152.06 billion in the previous year. This profit increase was largely driven by stringent cost controls, which helped boost the net margin from 16.7% to 20.1%.
Strong Financial Structure
As of the end of 2024, CSRA’s total assets reached IDR2.25 trillion, a 22.2% rise from IDR1.84 trillion in 2023. The company’s total liabilities also grew to IDR952.72 billion from IDR727.69 billion at the end of 2023. Meanwhile, its equity increased to IDR1.29 trillion, up from IDR1.12 trillion the previous year.
CSRA’s net debt-to-equity ratio stood at 0.73x in 2024, slightly higher than 0.65x in 2023. This increase reflects a well-balanced capital allocation strategy to support investments in production infrastructure.
With a solid capital structure and a sustainable growth strategy, CSRA remains optimistic about attracting more investors, reducing borrowing costs, and strengthening its market reputation. Moving forward, the company will continue leveraging its strengths to achieve balanced business growth aligned with sustainability standards. (P2)
